Blue Dart Express Limited (BLUEDART) AI Stock Analysis

• Market Cap: ₹130.35B
• Dividend Yield: 0.46%
• Average Volume (3M): 23.76K
• Price to Earnings (P/E): 51.4
• Beta (1Y): 0.79
• Revenue Growth: 7.70%
• EPS Growth: -5.85%
• Country: IN
• Employees: 12,541
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): 41.10
• Shares Outstanding: 23,727,934
• 10 Day Avg. Volume: 4,181
• 30 Day Avg. Volume: 23,762
• PEG Ratio: -3.62
• Price to Book (P/B): 9.46
• Price to Sales (P/S): 2.58
• P/FCF Ratio: 30.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹5,776.00 ▲(3.84% Upside)

Blue Dart Express Limited's overall stock score is driven by strong financial performance, particularly in revenue growth and cash flow management. However, the high P/E ratio and low dividend yield suggest valuation concerns. Technical indicators show neutral momentum, with no strong buy or sell signals.

Positive Factors

Strategic network and DHL tie-up

Blue Dart’s large domestic network, dedicated sorting hubs, aircraft and delivery fleet plus its strategic association with DHL create durable competitive advantages. This integrated infrastructure supports reliable time-definite services, premium pricing and sustained share in e-commerce and B2B flows.

Consistent revenue growth

Multi-year revenue growth of this magnitude reflects structural demand gains and successful capacity scaling. Persistent top-line expansion improves leverage over fixed costs, funds reinvestment in network capacity, and supports long-term competitiveness across retail, pharma and e-commerce verticals.

Strong cash generation

Reliable operating cash conversion and positive free cash flow indicate the company can fund capex, fleet and hub investments internally. Strong cash generation underpins balance sheet strengthening, supports service reliability investments and reduces reliance on external financing.

Negative Factors

Declining net income

Falling net income despite rising revenue signals margin pressure or elevated non-operating costs. If persistent, reduced profitability can limit retained earnings for reinvestment, constrain dividend capacity and weaken returns on invested capital over the medium term.

Leverage remains a risk

Although leverage has improved materially, a 0.65 debt/equity ratio still exposes the firm to cyclical shocks and interest cost variability. Sustained debt reduction is needed to preserve financial flexibility for capex cycles and to mitigate risk from demand slowdowns or fuel cost spikes.

Earnings per share contraction

Negative EPS growth indicates profitability challenges that revenue gains haven’t offset. Continued EPS contraction can signal operational inefficiencies, rising operating costs, or pricing pressure, undermining capacity to raise payouts or reinvest at the same pace over the next several quarters.

Blue Dart Express Limited Business Overview & Revenue Model

Company Description

Blue Dart Express Limited provides courier and express services. It provides day-definite and time-definite delivery schedules across air and ground network under the Domestic Priority, Dart Apex, Dart Surfaceline, and Dart Plus names; door-to-door ground distribution service to approximately 35,000 locations for shipments weighing 10 kgs and above under the Dart Surfaceline name; and industry-specific services. The company also offers air freight services between the airports of Kolkata, Delhi, Mumbai, Bangalore, Chennai, Hyderabad, and Ahmedabad; air and ground express packaging services under the Smart Box name; wood-free palletized packaging; shipment for freight of 50kg, 75kg, or above 100kg; door-to-door express deliveries for documents and packages; international services; and temperature controlled logistics solutions, as well as operates domestic express airline charter. Its infrastructure includes a fleet of 6 Boeing 757-200 freighters with a capacity of approximately 500 tonnes per night; and a flotilla of approximately 12,000 vehicles and 2,347 facilities. The company was founded in 1983 and is based in Mumbai, India. Blue Dart Express Limited is a subsidiary of DHL Express (Singapore) Pte. Ltd.

How the Company Makes Money

Blue Dart generates revenue primarily through its express delivery services, which include domestic and international shipping solutions. The company's revenue model is based on charging customers for the transportation of packages based on weight, distance, and urgency of delivery. Key revenue streams include standard and premium courier services, freight and cargo handling, and customized logistics solutions for businesses. Additionally, Blue Dart has established strategic partnerships with international courier companies, which enables it to extend its service offerings globally and enhance its market presence. The growth of e-commerce in India has significantly contributed to an increase in demand for logistics services, further boosting the company's earnings.

Blue Dart Express Limited Financial Statement Overview

Summary

Blue Dart Express Limited shows strong revenue growth and operational efficiency, with stable margins and effective cash flow management. However, declining net income and moderate debt levels are areas for improvement. Continued focus on profitability and debt reduction is crucial for sustaining financial health.

Income Statement

Blue Dart Express Limited has shown a strong revenue growth trajectory, with revenue increasing from 44.10 billion in 2022 to 57.20 billion in 2025. The gross profit margin is relatively stable at around 16-18%. However, there has been a notable decline in net income from 3.82 billion in 2022 to 2.52 billion in 2025, impacting the net profit margin. The EBIT and EBITDA margins remain consistent, indicating operational efficiency. The company needs to address the declining net income to maintain financial health.

Balance Sheet

The balance sheet reveals a stable equity position, with stockholders' equity increasing from 8.72 billion in 2022 to 15.59 billion in 2025. The debt-to-equity ratio has improved but remains a potential risk, decreasing from 1.22 in 2022 to 0.65 in 2025. The equity ratio has increased, reflecting a stronger asset base. The company has made progress in reducing debt, but it must continue to monitor leverage to ensure long-term stability.

Cash Flow

Blue Dart Express Limited has demonstrated strong cash flow generation, with free cash flow growing from 6.85 billion in 2022 to 4.81 billion in 2025, despite a dip in 2023. The operating cash flow to net income ratio suggests effective cash conversion, while the free cash flow to net income ratio indicates strong cash flow relative to profitability. The company is managing capital expenditures effectively, supporting a positive cash flow outlook.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	58.19B	57.20B	52.68B	51.72B	44.10B	32.88B
Gross Profit	9.35B	9.15B	9.60B	10.11B	10.21B	5.30B
EBITDA	9.92B	9.15B	9.04B	9.70B	9.95B	6.81B
Net Income	2.48B	2.52B	3.01B	3.71B	3.82B	1.02B
Balance Sheet
Total Assets	0.00	36.63B	34.61B	32.23B	28.29B	28.97B
Cash, Cash Equivalents and Short-Term Investments	5.57B	5.52B	4.72B	2.65B	3.94B	4.86B
Total Debt	0.00	10.07B	10.74B	11.21B	10.67B	15.22B
Total Liabilities	-15.59B	21.04B	20.94B	20.43B	19.57B	23.05B
Stockholders Equity	15.59B	15.59B	13.67B	11.80B	8.72B	5.92B
Cash Flow
Free Cash Flow	0.00	4.81B	5.79B	1.45B	6.85B	5.90B
Operating Cash Flow	0.00	7.35B	8.47B	7.17B	8.60B	7.50B
Investing Cash Flow	0.00	-3.00B	-3.75B	-5.14B	113.10M	-5.29B
Financing Cash Flow	0.00	-4.34B	-4.01B	-2.91B	-7.72B	-2.35B

Blue Dart Express Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5562.65
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLUEDART, the sentiment is Positive. The current price of 5562.65 is above the 20-day moving average (MA) of 5409.92, above the 50-day MA of 5484.51, and below the 200-day MA of 6015.16, indicating a neutral trend. The MACD of -27.77 indicates Negative momentum. The RSI at 53.90 is Neutral, neither overbought nor oversold. The STOCH value of 76.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BLUEDART.

Blue Dart Express Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TCI	70 Outperform	₹81.15B	18.66	―	0.94%	9.97%	16.28%
BLUEDART	68 Neutral	₹130.35B	51.38	―	0.46%	7.70%	-5.85%
TCIEXP	63 Neutral	₹20.73B	25.28	―	1.37%	-2.79%	-26.28%
ALLCARGO	62 Neutral	₹15.61B	-9.59	―	19.52%	-15.70%	-343.97%
MAHLOG	60 Neutral	₹35.77B	-116.55	―	0.69%	11.82%	28.42%
DELHIVERY	57 Neutral	₹316.15B	206.24	―	―	9.17%	1685.95%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Blue Dart Express Limited Corporate Events

Blue Dart Express Releases Q2 FY 2026 Investor Call Transcript

Blue Dart Express Limited has released the transcript of its recent investor conference call, held on November 3, 2025, to discuss the company’s financial performance for the quarter and half-year ending September 30, 2025. This disclosure is part of the company’s compliance with regulatory requirements, ensuring transparency and communication with stakeholders regarding its operational and financial status.

Blue Dart Express Ensures Transparency with Newspaper Notices

Blue Dart Express Limited has announced the publication of notices in major newspapers, The Economic Times and Maharashtra Times, as part of its compliance and information dissemination efforts. This announcement underscores the company’s commitment to transparency and regulatory adherence, which is crucial for maintaining its reputation and trust among stakeholders and investors.

Blue Dart Express Reports Strong Financial Performance for Q3 2025

Blue Dart Express Limited announced its financial results for the quarter and half-year ending September 30, 2025. The company reported a significant increase in revenue and profit, reflecting strong operational performance. The results indicate a positive trajectory for Blue Dart, enhancing its position in the logistics industry and providing confidence to stakeholders about its financial health and future growth prospects.