B

Blue Dart Express Limited

BLUEDARTNSE
Market snapshot · 2026-08-11 04:12 UTC

5,143.50

₹-47.00 (-0.91%)

MARKET CAP

₹12.20K Cr

STOCK P/E

41.6x

52W HIGH

₹7,036.00

52W LOW

₹4,628.50

BOOK VALUE

₹748.92

EPS

₹123.53

ROE

SECTOR

Industrials

DEBT/EQUITY

VOLUME

2,225

P/B RATIO

6.87x

PEG RATIO

0.22

Sector

Industrials

Themes

LogisticsCourier ServicesTop 20 Investors in India Portfolio
E
Earnings
₹6,572.00₹6,104.03₹5,636.05₹5,168.08₹4,700.10VolumeEEEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Blue Dart Express is an Indian courier and express-delivery company serving domestic and international shipments. Domestic Priority, Dart Apex, Dart Surfaceline, and Dart Plus drive time-definite delivery revenue across air and ground networks. Air freight, Smart Box packaging, and temperature-controlled logistics extend monetization across specialized shipment categories. Q1FY27 earnings-call disclosure improves access to management commentary, but offers no clear operating catalyst. Revenue grew 7.4% year-on-year, while profit declined 2.0%, indicating limited earnings conversion. Stable margins suggest cost control, but slower profit growth warrants scrutiny of pricing, volumes, and network utilization. ROE and debt-to-equity data are unavailable, limiting assessment of capital efficiency and leverage effects. At 42 times earnings, the shares appear overvalued relative to 7.4% growth, implying a premium to current expansion. The valuation is rich while investors await evidence that express volumes, air-freight demand, and specialized logistics can accelerate profit growth. Structural risks include competitive pricing and operating-cost inflation.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for BLUEDART.

5.00 analysts

Price Forecast

Current
₹5,191
High Target
₹7,360
▲ +41.8%
Median Target
₹5,750
▲ +10.8%
Low Target
₹4,760
▼ -8.3%
Now₹5,191High ₹7,360Median ₹5,750Low ₹4,760Aug '25Now12M Target
Price history (1Y)
Analyst target range
5 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹4,275 - ₹6,27680%
6M₹3,940 - ₹6,78280%
12M₹3,507 - ₹7,55980%
Realized vol: +30.0% · Drift: +3.7%

Revenue Forecast

₹ Cr
Jun '26Current₹1,658.0
Sep 2026 ETrend estimate range
High₹1,840.5Base₹1,704.1Low₹1,567.8
Sep '25: ₹1,549.0 · Dec '25: ₹1,616.0 · Mar '26: ₹1,533.0 · Jun '26: ₹1,658.0 · Sep '26: ₹1,704.1 · Dec '26: ₹1,777.8
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1,549.01,616.01,533.01,658.01,704.11,777.8
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹36.53
Sep 2026 ETrend estimate range
High₹44.32Base₹39.58Low₹34.83
Sep '25: ₹33.50 · Dec '25: ₹29.52 · Mar '26: ₹18.21 · Jun '26: ₹36.53 · Sep '26: ₹39.58 · Dec '26: ₹34.87
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E33.5029.5218.2136.5339.5834.87
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Supportive
76%
Analyst Consensus
Weakening

From 5 analysts

Mean upside+14.5%

Fundamentals

Strong

Fundamentals institutional score is 91 using growth durability 90.8.

Valuation

Attractive relative to peers

Valuation institutional score is 97 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 57 using mean target upside 14.5%; dispersion penalty 17.5; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 50 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Supportive. fundamentals and valuation provide support, while technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Mixed MomentumMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price5,944 target
Mean Upside+14.5%
Technical Score50%
Fundamental Score91%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 19.1% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.35). Confidence: 85%.

Live forward EPS implies next-12-month EPS of ₹184.37. Applying the stock's normalized valuation corridor produces a fair range of ₹8,648.80 to ₹10,649.21, with base value near ₹9,581.71 (+84.6% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹184.37

Forward P/E

28.1x

Base Fair Value

₹9,581.71

Fair Range

₹8,648.80 - ₹10,649.21

Upside To Base

+84.6%

Estimate Source

Live forward EPS

Growth Estimate

+189.1%

P/E
Strongly Undervalued

5Y Average

54.24

Current

42.02

Overvalued

57.76

Undervalued

46.91

P/B
Strongly Undervalued

5Y Average

8.28

Current

6.93

Overvalued

9.08

Undervalued

7.22

P/S
Strongly Undervalued

5Y Average

2.45

Current

1.94

Overvalued

2.82

Undervalued

2.08

Peers & Comparison

Sector: Industrials · Theme: Logistics

Logistics Peers6 peers
Avg P/E: 78.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
+23.2%44.7%
30.0x
Undervalued
-62% vs avg
+7.6%
PREMIER ENERGIES LIMITED
PREMIERENELogistics
+37.7%19.7%
31.1x
Undervalued
-60% vs avg
+2.7%
SHADOWFAX TECHNOLOGIES L
SHADOWFAXLogistics
+64.9%3.6%
85.7x
Fair
+9% vs avg
+119.3%
SHREEJI SHIPPING GLOBAL L
SHREEJISPGLogistics
+20.5%21.5%
67.9x
Fair
-14% vs avg
+159.8%
+9.6%9.0%
15.8x
Undervalued
-80% vs avg
-19.1%
DELHIVERY LIMITED
DELHIVERYLogistics
+27.8%0.8%
240.4x
Premium
+206% vs avg
+2.2%
WHY THESE PEERS

BLUE DART EXPRESS LTD trades at a discount (42.0x vs peer avg 78.5x), suggesting potential undervaluation relative to the Logistics cohort. Peers include INTL GEMOLOGICAL INST LTD, PREMIER ENERGIES LIMITED, SHADOWFAX TECHNOLOGIES L — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.66K CrJun 2026

Latest net profit

₹87 CrJun 2026

Latest EPS

₹36.53Jun 2026

Net margin

10.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%3.0%6.0%9.0%12.0%0.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr₹0₹10₹20₹30₹40
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr900 Cr1.80K Cr2.70K Cr3.60K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +1,2381,3241,3831,3231,3431,4481,5121,4171,4421,5491,6161,5331,658
Expenses +1,1241,1941,2491,1831,2331,3271,3651,2991,3421,3921,4261,4091,488
Operating Profit113130134139109122146118100157190125170
OPM %9%10%10%11%8%8%10%8%7%10%12%8%10%
Other Income +16152318191920212119-251822
Interest55557778711131211
Depreciation44464750525252535059716665
Profit before tax8095105102698210678631078165116
Tax %25%25%22%26%26%26%26%32%26%25%14%33%26%
Net Profit +60718276526179534780704387
EPS in Rs25.1830.0434.3732.0521.7225.6133.3422.4319.7833.5029.5218.2136.53
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +75.00%75.00%75.00%75.00%75.00%
FIIs +5.53%5.04%4.14%3.42%3.35%
DIIs +13.04%13.13%13.62%14.54%14.47%
Public +6.44%6.82%7.26%7.04%7.17%
Others0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Aug 08, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Investor Presentation

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 01, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 01, 2026PDFCompany Reports Open