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    Blue Dart Express Limited

    India's largest integrated air-and-ground express logistics and courier network, majority-owned by DHL Group.

    Services
    Services
    View BLUEDART earnings calls
    ₹4,968.8
    -2.02% from avg

    Overview

    Price

    ₹4,968.8

    Market Cap

    ₹12.1k Cr

    Sector

    Services

    Services

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2424242424242424
    Reserves4675688481.2k1.3k1.5k1.6k1.8k
    Borrowings5301.5k1.1k1.1k1.1k1.0k1.1k1.1k
    Other Liabilities1.6k7838919231.0k1.1k1.1k1.2k
    Total Liabilities2.6k2.9k2.8k3.2k3.5k3.7k3.8k4.1k
    AssetsFixed Assets1.7k1.6k1.4k1.4k1.8k1.8k1.9k2.0k
    CWIP1876943974773527
    Investments0150207171307386351413
    Other Assets9581.2k1.1k1.2k1.3k1.4k1.5k1.7k
    Total Assets2.6k2.9k2.8k3.2k3.5k3.7k3.8k4.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating243364750860717847735810
    Cash from Investing-280-193-52911-514-375-300-315
    Cash from Financing79-340-235-772-291-401-434-424
    SummaryCapital Expenditure
    Free Cash Flow-44167590689147585488498
    FCF Margin

    Valuation

    Assumptions

    Current — BLUEDART
    Price
    ₹4,969
    EPS (TTM)
    ₹104.27
    PE (TTM)
    47.7
    Profit growth
    -12.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (54.9×) and current (47.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹4,969
    vs
    Fair value · 15% return
    ₹977
    80%Overvalued

    At -12.7% growth and a 48× exit, ₹4969 only delivers your return if you pay ₹977. The price is currently baking in 17% growth.

    EPS grows -12.7%/yr for 5 years, then fades to 6% over 2, exits at 48×.

    YearGrowthEPS (₹)
    FY27-12.7%91.03
    FY28-12.7%79.47
    FY29-12.7%69.37
    FY30-12.7%60.56
    FY31-12.7%52.87
    FY32-3.4% ·fade51.10
    FY336.0% ·fade54.17

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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