Blue Dart Express Ltd.

BSE: BLUEDART526612ISIN INE233B01017

Services
Logistics Solution Provider
BSE 500

Share price

₹4,432.85+74.55 (+1.71%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹6,530.00
52W low: ₹4,144.75
Off 52W high: -32.12%
1M return: -1.79%
3M return: -16.10%
6M return: -21.48%
1Y return: -30.46%
20D avg volume: 764
50 DMA: ₹4,666.15
200 DMA: ₹5,053.03

Key ratios Consolidated

Market cap: ₹10,518 Cr
Current price: ₹4,432.85
52W high / low: ₹6,530.00 / ₹4,144.75
Face value: ₹10.00
P/E: 36.64
P/B: 5.93
EPS (TTM): ₹120.98
Book value / share: ₹747.82
ROE: —
ROCE: 16.90%
Operating margin: —
Net margin: —
Debt / equity: 0.11
Net debt: ₹-38.00 Cr
Interest cover: 4.82
Dividend yield: 0.56%
Dividend / share (TTM): ₹25.00
Payout: 20.66%
Cash conversion cycle: 13.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,658	1,533	1,616	1,549	1,442	1,417	1,512	1,448	1,343	1,323	1,383	1,324
	15.41	11.98	10.49	9.59	9.86	12.27	11.96	8.67	9.08	11.06	24.35	5.23
	1,673	1,545	1,627	1,559	1,452	1,430	1,524	1,457	1,352	1,334	1,407	1,330
	1,554	1,473	1,504	1,450	1,386	1,349	1,414	1,372	1,280	1,229	1,300	1,232
	966.05	904.92	943.54	883.50	836.37	830.12	889.84	851.34	781.26	751.97	803.76	756.64
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	277.78	256.10	258.34	267.34	260.81	239.65	241.09	247.35	239.96	226.37	233.89	229.75
	20.60	21.54	23.78	21.72	18.60	20.03	20.61	20.80	20.95	19.36	19.67	19.54
	136.99	139.84	144.76	130.53	120.94	124.34	121.32	121.01	118.27	112.71	110.59	110.56
	152.67	150.39	133.34	146.53	149.13	134.41	141.53	131.72	119.32	118.58	131.85	115.36
	119.04	72.66	122.89	109.30	65.93	81.04	109.26	84.91	72.03	104.94	107.52	97.86
	0.00	-0.13	-43.90	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	119.04	72.53	78.99	109.30	65.93	81.04	109.26	84.91	72.03	104.94	107.52	97.86
	30.55	23.68	10.66	27.92	17.10	25.89	28.25	22.07	18.61	27.16	18.63	24.80
	88.49	48.85	68.33	81.38	48.83	55.15	81.01	62.84	53.42	77.78	88.89	73.06
	37.29	20.59	28.79	34.30	20.58	23.24	34.14	26.49	22.51	32.78	37.46	30.79
Key metrics
	276.63	233.91	247.53	261.55	205.47	225.41	251.19	226.72	211.25	237.01	237.78	227.96
	16.70%	15.30%	15.30%	16.90%	14.20%	15.90%	16.60%	15.70%	15.70%	17.90%	17.20%	17.20%
	5.30%	3.20%	4.20%	5.30%	3.40%	3.90%	5.40%	4.30%	4.00%	5.90%	6.40%	5.50%
	—	3.90%	—	5.30%	—	4.30%	—	—	—	—	—	—
	15.00%	8.20%	6.90%	7.00%	7.40%	7.10%	9.30%	9.40%	—	—	—	—
	81.20%	-11.40%	-15.70%	29.50%	-8.60%	-29.10%	-8.90%	-14.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	6,357	6,141	5,720	5,268	5,172	4,410	3,288	3,175	3,174	2,799
	47.47	41.92	41.98	50.84	32.04	30.79	20.30	15.52	19.24	20.67
	6,404	6,183	5,762	5,319	5,204	4,441	3,308	3,191	3,194	2,820
	5,980	5,812	5,415	4,926	4,696	3,893	3,143	3,166	3,060	2,603
	3,698	3,568	3,353	3,032	2,988	2,281	1,578	1,656	1,766	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	1,060	1,043	968.05	907.10	837.82	765.43	729.03	733.53	698.36	—
	87.64	85.64	82.39	78.06	66.85	86.97	110.95	117.38	42.66	40.50
	552.12	536.07	484.94	432.86	394.48	395.37	430.00	347.33	127.89	—
	582.93	579.39	526.98	475.89	408.96	363.89	295.15	311.37	424.37	384.61
	423.89	370.78	347.24	392.70	508.20	548.24	165.64	24.99	134.14	217.00
	-44.03	-44.03	0.00	0.00	0.00	-35.95	-25.85	-64.11	0.00	0.00
	379.86	326.75	347.24	392.70	508.20	512.29	139.79	-39.12	134.14	217.00
	92.81	79.36	94.82	91.69	137.67	130.08	37.98	2.74	44.38	72.29
	287.05	247.39	252.42	301.01	370.53	382.21	101.81	-41.86	89.76	144.71
	120.97	104.26	106.38	126.86	156.16	161.08	42.91	-17.64	37.83	—
Key metrics
	1,020	948.46	914.57	903.62	969.53	994.63	680.74	425.59	304.69	257.50
	16.04%	15.40%	16.00%	17.20%	18.70%	22.60%	20.70%	13.40%	9.60%	9.20%
	4.52%	4.00%	4.40%	5.70%	7.20%	8.70%	3.10%	-1.30%	2.80%	5.20%
	—	16.90%	18.30%	—	—	—	—	—	—	—
	9.23%	7.40%	8.60%	1.80%	17.30%	34.10%	3.60%	0.00%	13.40%	—
	15.83%	-2.00%	-16.10%	-18.80%	-3.10%	275.40%	343.20%	-146.60%	-38.00%	—
	—	495.58	481.23	—	—	—	—	—	—	—
	—	3.28	2.91	—	—	—	—	—	—	—
	—	0.11	0.13	—	—	—	—	—	—	—
	—	-38.00	33.68	—	—	—	—	—	—	—
	—	13.0	9.8	—	—	—	—	—	—	—
Balance sheet
	—	4,127	3,663	—	—	—	—	—	—	—
	—	1,852	1,566	—	—	—	—	—	—	—
	—	238.00	166.32	—	—	—	—	—	—	—
	—	918.25	786.09	—	—	—	—	—	—	—
	—	55.94	51.53	—	—	—	—	—	—	—
	—	87.52	66.66	—	—	—	—	—	—	—
	—	1,995	1,756	—	—	—	—	—	—	—
	—	755.47	684.52	—	—	—	—	—	—	—
	—	1,691	1,318	—	—	—	—	—	—	—
	—	200.00	200.00	—	—	—	—	—	—	—
	—	200.00	0.00	—	—	—	—	—	—	—
	—	0.00	200.00	—	—	—	—	—	—	—
	—	1,777	1,559	—	—	—	—	—	—	—
Cash flow
	—	810.25	735.12	—	—	—	—	—	—	—
	—	-314.92	-299.72	—	—	—	—	—	—	—
	—	-423.65	-433.69	—	—	—	—	—	—	—
	—	314.67	253.89	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,658	1,533	1,616	1,549	1,442	1,417	1,512	1,448	1,343	1,323	1,383	1,324
	21.97	18.18	18.87	19.35	20.67	20.56	19.58	19.03	19.12	18.25	22.75	15.10
	1,680	1,552	1,635	1,569	1,463	1,438	1,531	1,467	1,362	1,341	1,406	1,340
	1,563	1,487	1,510	1,462	1,399	1,360	1,425	1,386	1,293	1,239	1,301	1,244
	1,139	1,080	1,124	1,066	1,019	1,004	1,061	1,028	947.58	907.60	957.33	916.18
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	218.79	204.13	192.95	205.98	202.34	181.76	181.69	188.07	185.89	173.58	181.00	177.65
	11.17	11.67	12.64	10.54	7.18	7.54	7.26	7.04	6.95	5.25	4.74	4.75
	64.62	66.37	71.01	59.40	50.46	52.85	52.15	51.92	52.29	50.00	47.26	45.58
	129.48	124.67	109.25	120.41	120.67	113.55	122.61	110.71	99.81	102.31	110.31	100.17
	116.39	64.87	125.27	106.59	63.18	78.24	106.37	81.95	69.31	102.38	105.04	95.25
	0.00	-0.13	-44.23	0.00	0.00	0.00	—	—	—	—	—	—
	116.39	64.74	81.04	106.59	63.18	78.24	106.37	81.95	69.31	102.38	105.04	95.25
	29.71	21.52	11.00	27.09	16.25	25.02	27.25	21.19	17.78	26.33	23.48	23.96
	86.68	43.22	70.04	79.50	46.93	53.22	79.12	60.76	51.53	76.05	81.56	71.29
	36.53	18.22	29.52	33.50	19.78	22.43	33.25	25.60	21.72	32.06	34.37	30.04
Key metrics
	192.18	142.78	164.69	176.53	120.82	138.63	165.78	140.91	128.55	157.63	157.04	145.58
	11.60%	9.30%	10.20%	11.40%	8.40%	9.80%	11.00%	9.70%	9.60%	11.90%	11.40%	11.00%
	5.20%	2.80%	4.30%	5.10%	3.30%	3.80%	5.20%	4.20%	3.80%	5.70%	5.90%	5.40%
	—	3.40%	—	5.70%	—	4.60%	—	—	—	—	—	—
	15.00%	8.20%	6.90%	7.00%	7.40%	7.10%	9.30%	9.40%	—	—	—	—
	84.70%	-18.80%	-11.50%	30.80%	-8.90%	-30.00%	-3.00%	-14.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	6,357	6,141	5,720	5,268	5,172	4,409	3,280	3,166	3,165	2,791
	78.37	77.07	78.29	71.84	50.54	28.47	12.66	14.01	18.21	22.54
	6,435	6,218	5,798	5,340	5,223	4,437	3,292	3,180	3,184	2,813
	6,022	5,858	5,463	4,957	4,724	3,898	3,135	3,163	3,055	2,602
	4,409	4,288	4,041	3,637	3,565	2,806	2,091	2,161	2,109	1,780
	0.00	0.00	0.00	—	—	—	—	—	—	—
	821.85	805.40	737.41	707.81	649.52	589.76	566.83	574.00	550.09	449.85
	46.02	42.03	28.79	19.27	17.42	24.10	31.72	32.14	15.35	25.59
	261.40	247.24	209.21	187.25	166.64	168.66	200.67	152.80	47.96	44.98
	483.81	475.00	446.68	405.96	325.50	309.81	245.09	243.49	332.82	301.28
	413.12	359.91	335.87	382.79	498.74	539.48	156.90	16.91	128.35	211.78
	-44.36	-44.36	0.00	—	—	-35.95	-25.85	-64.11	—	—
	368.76	315.55	335.87	382.79	498.74	503.53	131.05	-47.20	128.35	211.78
	89.32	75.86	91.24	94.15	132.30	127.09	34.74	8.91	40.75	69.68
	279.44	239.69	244.63	288.64	366.44	376.44	96.31	-38.29	87.60	142.10
	117.77	101.02	103.10	121.65	154.43	158.65	40.59	-16.14	36.92	59.89
Key metrics
	676.18	604.82	573.87	589.31	682.80	696.29	363.44	137.74	191.66	282.35
	10.64%	9.80%	10.00%	11.20%	13.20%	15.80%	11.10%	4.40%	6.10%	10.10%
	4.40%	3.90%	4.30%	5.50%	7.10%	8.50%	2.90%	-1.20%	2.80%	5.10%
	—	15.80%	19.60%	—	—	—	—	—	—	—
	9.23%	7.40%	8.60%	1.80%	17.30%	34.40%	3.60%	0.00%	13.40%	—
	16.42%	-2.00%	-15.20%	-21.20%	-2.70%	290.90%	351.50%	-143.70%	-38.40%	—
	—	225.63	411.84	—	—	—	—	—	—	—
	—	1.45	2.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-234.91	-163.90	—	—	—	—	—	—	—
	—	10.8	5.3	—	—	—	—	—	—	—
Balance sheet
	—	3,517	3,031	—	—	—	—	—	—	—
	—	1,822	1,542	—	—	—	—	—	—	—
	—	234.91	163.90	—	—	—	—	—	—	—
	—	915.81	784.89	—	—	—	—	—	—	—
	—	8.81	8.68	—	—	—	—	—	—	—
	—	55.14	33.70	—	—	—	—	—	—	—
	—	845.23	565.91	—	—	—	—	—	—	—
	—	742.29	711.81	—	—	—	—	—	—	—
	—	1,260	1,168	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	1,831	1,623	—	—	—	—	—	—	—
Cash flow
	—	346.81	488.88	—	—	—	—	—	—	—
	—	-17.68	-267.27	—	—	—	—	—	—	—
	—	-258.12	-221.87	—	—	—	—	—	—	—
	—	121.18	77.04	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +5.89%
Sales CAGR 5Y: +13.37%
Profit CAGR 3Y: -13.19%
Profit CAGR 5Y: +20.00%
Sales YoY (TTM): +9.23%
Profit YoY (TTM): +16.42%

Consolidated

Sales CAGR 3Y: +5.89%
Sales CAGR 5Y: +13.31%
Profit CAGR 3Y: -12.60%
Profit CAGR 5Y: +19.43%
Sales YoY (TTM): +9.23%
Profit YoY (TTM): +15.83%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 75.00%

Quarter	September 2026	June 2026
Promoter %	75.00%	75.00%

Holder	Type	Holding	Previous	Change
DHL Express (Singapore) Pte Ltd	Promoter	75.00%	75.00%	0.00%
HDFC MUTUAL FUND - HDFC BSE 500 INDEX FUND	Public	8.55%	—	—
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Public	2.00%	2.21%	-0.21%
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK TRANSPORTATION & LOGISTICS FUND	Public	1.71%	—	—
BRIGHT STAR INVESTMENTS	Public	1.19%	1.19%	0.00%
CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO LARGE AND MID CAP FUND	Public	1.06%	1.02%	+0.04%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Container Corporation Of India Ltd.	32,445	426.00	26.57	12.20%	+1.16% TTM	-7.03% TTM	-21.45%
Delhivery Limited	31,323	417.90	169.69	2.60%	+23.65% TTM	+33.62% TTM	-13.83%
SHADOWFAX TECHNOLOGIES LIMITED	16,398	279.35	73.18	6.70%	—	—	—
Blue Dart Express Ltd.	10,518	4,432.85	36.64	16.90%	+9.23% TTM	+15.83% TTM	-30.46%
Transport Corporation of India Ltd	6,635	863.60	14.31	15.20%	+11.54% TTM	+5.91% TTM	-26.87%
VRL Logistics Limited S	5,759	329.20	21.54	18.80%	—	—	+21.45%
TVS Supply Chain Solutions Limited	5,149	116.70	75.35	9.30%	+16.89% TTM	+26.44% TTM	-9.92%
Mahindra Logistics Limited	4,139	416.90	48.65	6.40%	+20.30% TTM	+380.30% TTM	+21.35%
Afcom Holdings Limited S	3,651	1,262.75	43.17	24.40%	—	—	+51.50%
Gateway Distriparks Limited	2,319	46.41	9.64	11.00%	+8.19% TTM	-38.77% TTM	-26.84%
TCI Express Limited	1,929	501.80	23.39	12.60%	+5.16% TTM	-0.59% TTM	-27.07%
SKYWAYS AIR SERVICES LIMITED	1,527	105.09	—	—	+25.14% FY26	+31.95% FY26	—
Allcargo Logistics Ltd	1,445	9.65	27.80	6.00%	-82.83% TTM	+156.50% TTM	—
Navkar Corporation Limited S	1,227	81.52	25.88	3.10%	+49.84% TTM	+304.97% TTM	-28.93%
Allcargo Global Limited	1,156	11.76	—	—	—	—	—
Reliance Industrial Infrastructure	1,061	702.35	89.35	2.90%	-23.65% TTM	-1.90% TTM	-21.09%
Western Carriers (India) Limited	946	92.77	25.76	8.00%	+9.28% TTM	-35.60% TTM	-30.27%
Shree Vasu Logistics Limited	851	740.00	—	—	—	—	—
Ritco Logistics Limited	774	270.25	29.67	15.70%	—	—	+5.94%
Sical Logistics Limited	616	77.25	8.38	17.40%	+51.67% TTM	+755.17% TTM	—
Transindia Real Estate Limited	600	24.43	14.64	3.60%	-0.32% TTM	-25.95% TTM	-19.69%
SNOWMAN LOGISTICS LIMITED S	563	33.69	61.25	3.50%	+6.82% TTM	+214.38% TTM	-30.75%
Glottis Limited	522	56.45	—	18.80%	—	—	-22.31%
PARADEEP PARIVAHAN LIMITED	492	308.90	—	27.30%	—	—	+109.99%
Lancer Container Lines Limited	413	11.11	26.67	1.80%	-33.61% TTM	+190.69% TTM	-38.69%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

as per attachment.3 Nov 2026 · Company Update / Press Release / Media Release
Blue Dart Express Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2026 ,inter alia, to consider and approve the Un-Audited Financial ....30 Oct 2026 · Board Meeting / Board Meeting
As per the attachment28 Oct 2026 · Company Update / Newspaper Publication
Please find enclosed Postal Ballot27 Oct 2026 · AGM/EGM / Postal Ballot
As per the attachment26 Oct 2026 · Company Update / Press Release / Media Release
As per the attachment20 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per attachment9 Oct 2026 · Company Update / Press Release / Media Release
As per attachment9 Oct 2026 · Company Update / Change in Management
As per attachment9 Oct 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
As per Attachment9 Oct 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
As per attachment9 Oct 2026 · Others / Outcome without intimation
As per attachment6 Oct 2026 · Company Update / Press Release / Media Release
As per the attachment1 Oct 2026 · Company Update / Award of Order / Receipt of Order
As per the attachment30 Sep 2026 · Company Update / Press Release / Media Release
As per the attachment23 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
As per attachment23 Sep 2026 · Company Update / General
As per attachment23 Sep 2026 · Company Update / Cessation
Please refer attachment23 Sep 2026 · Others / Outcome without intimation
As per attachment23 Sep 2026 · Company Update / Change in Directorate
As per attachment23 Sep 2026 · Company Update / Resignation of Director
As per the attachment22 Sep 2026 · AGM/EGM / AGM
As per the attachment22 Sep 2026 · AGM/EGM / AGM
As per the attachment16 Sep 2026 · Company Update / Press Release / Media Release
As per the attachment15 Sep 2026 · Company Update / Resignation of Managing Director
As per the attachment15 Sep 2026 · Company Update / Change in Management
As per the attachment15 Sep 2026 · Company Update / Change in Directorate
As per the attachment15 Sep 2026 · Company Update / Change in Management
As per the attachment29 Aug 2026 · Company Update / Newspaper Publication
Intimation in compliance with Regulation 30 & 36(1)(b) - Letter to Members28 Aug 2026 · Company Update / General
Business Responsibility and Sustainability Report for the Financial Year 2025-2628 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of the 35th AGM of the Company, to be held on Tuesday, September 22, 2026, at 12 Noon (IST)28 Aug 2026 · AGM/EGM / AGM
Annual Report for the Financial Year 2025-2628 Aug 2026 · Others / Reg. 34 (1) Annual Report
As per the attachment11 Aug 2026 · Company Update / Press Release / Media Release
As per the attachment8 Aug 2026 · Company Update / Earnings Call Transcript
As per the attachment5 Aug 2026 · Company Update / Analyst / Investor Meet
As per the attachment4 Aug 2026 · Company Update / Investor Presentation
As per attachment1 Aug 2026 · Company Update / Newspaper Publication
The Company will hold an Earnings Call to discuss with the investors/analysts the Corporate performance of the Company for the Quarter ended June 30, 20261 Aug 2026 · Company Update / Analyst / Investor Meet
As per the attachment31 Jul 2026 · Company Update / Change in Directorate
As per the attachment31 Jul 2026 · AGM/EGM / AGM

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 25.0000	15 Sep 2026	15 Sep 2026	—
Final Dividend - Rs. - 25.0000	6 Aug 2025	6 Aug 2025	—
Final Dividend - Rs. - 25.0000	12 Jul 2024	—	—

Board meetings

6 Nov 2026 Board Meeting - Financial Results
31 Jul 2026 Board Meeting - Financial Results