BLUE DART EXPRESS Ltd (BLUEDART) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-0.40%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 3.4%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 15.7%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹4,307.57

200-Day DMA ● Overlay

₹3,995.10

14-Day RSI ● Overlay

50.6 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹10,680 Cr

Large cap

Stock P/E (TTM) Valuation

32.3x

Price / EPS

Book Value (₹) Assets

₹749.0

P/B: 6.1x

ROE (%) Quality

15.7%

Net Profit / Equity

ROCE (%) Efficiency

15.8%

EBIT / Capital

Dividend Yield Yield

0.56%

Face Value: ₹10

Debt / Equity Solvency

0.64x

Manageable

EPS (TTM) Per Share

₹139.09

Trailing 12M

OPM (%) Spread

16.0%

EBITDA Margin

Free Cash Flow Cash

₹498.00 Cr

CFO - Capex

About BLUE DART EXPRESS Ltd

BLUE DART EXPRESS Ltd (BLUEDART) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 11.5% × Turnover: 0.85x × Leverage: 1.64x = ROE: 15.7%

✓ Company Strengths (Pros)

• Delivers solid shareholder returns with an ROE of 15.7%.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 6.1x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹6,357 Cr

Latest PAT

₹287.00 Cr

EPS (TTM)

₹139.09

OPM %

16.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹1,478 Cr	₹1,542 Cr	₹1,621 Cr	₹1,685 Cr
Operating Profit (EBITDA)	₹227.61 Cr	₹243.57 Cr	₹262.61 Cr	₹279.65 Cr
OPM %	15.4%	15.8%	16.2%	16.6%
Interest Expense	₹18.21 Cr	₹19.49 Cr	₹21.01 Cr	₹22.37 Cr
Depreciation	₹27.31 Cr	₹29.23 Cr	₹31.51 Cr	₹33.56 Cr
Profit before Tax (PBT)	₹182.09 Cr	₹194.85 Cr	₹210.09 Cr	₹223.72 Cr
Net Profit (PAT)	₹136.57 Cr	₹146.14 Cr	₹157.57 Cr	₹167.79 Cr
EPS in ₹	₹32.11	₹33.49	₹35.22	₹36.60

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹2,416 Cr	₹2,734 Cr	₹3,115 Cr	₹3,560 Cr	₹4,068 Cr	₹4,386 Cr	₹4,704 Cr	₹5,467 Cr	₹5,912 Cr	₹6,230 Cr	₹6,357 Cr	₹6,611 Cr
Expenses	₹2,073 Cr	₹2,329 Cr	₹2,641 Cr	₹2,983 Cr	₹3,397 Cr	₹3,711 Cr	₹3,895 Cr	₹4,549 Cr	₹4,990 Cr	₹5,233 Cr	₹5,321 Cr	₹5,520 Cr
Operating Profit	₹343.02 Cr	₹404.56 Cr	₹473.47 Cr	₹576.71 Cr	₹671.30 Cr	₹675.49 Cr	₹809.12 Cr	₹918.46 Cr	₹922.27 Cr	₹996.78 Cr	₹1,036 Cr	₹1,091 Cr
OPM %	14.2%	14.8%	15.2%	16.2%	16.5%	15.4%	17.2%	16.8%	15.6%	16%	16.3%	16.5%
Interest	₹24.01 Cr	₹28.32 Cr	₹33.14 Cr	₹40.37 Cr	₹46.99 Cr	₹47.28 Cr	₹56.64 Cr	₹64.29 Cr	₹64.56 Cr	₹69.77 Cr	₹72.53 Cr	₹76.36 Cr
Depreciation	₹41.16 Cr	₹48.55 Cr	₹56.82 Cr	₹69.21 Cr	₹80.56 Cr	₹81.06 Cr	₹97.09 Cr	₹110.22 Cr	₹110.67 Cr	₹119.61 Cr	₹124.34 Cr	₹130.90 Cr
Profit before Tax	₹308.72 Cr	₹364.10 Cr	₹426.12 Cr	₹519.03 Cr	₹604.17 Cr	₹607.94 Cr	₹728.21 Cr	₹826.61 Cr	₹830.04 Cr	₹897.11 Cr	₹932.58 Cr	₹981.78 Cr
Net Profit	₹231.54 Cr	₹273.07 Cr	₹319.59 Cr	₹389.27 Cr	₹453.13 Cr	₹455.95 Cr	₹546.16 Cr	₹619.96 Cr	₹622.53 Cr	₹672.83 Cr	₹699.43 Cr	₹736.33 Cr
EPS in Rs	52.48	59.39	67.68	77.34	88.39	95.30	102.20	118.78	128.44	135.35	138.11	143.64

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹112.14 Cr	₹128.16 Cr	₹150.59 Cr	₹176.22 Cr	₹201.85 Cr	₹224.28 Cr	₹243.50 Cr	₹269.14 Cr	₹291.56 Cr	₹310.79 Cr	₹320.40 Cr
Reserves & Surplus	₹1,458 Cr	₹1,666 Cr	₹1,958 Cr	₹2,291 Cr	₹2,624 Cr	₹2,916 Cr	₹3,166 Cr	₹3,499 Cr	₹3,790 Cr	₹4,040 Cr	₹4,165 Cr
Borrowings (Debt)	₹933.00 Cr	₹1,066 Cr	₹1,253 Cr	₹1,466 Cr	₹1,679 Cr	₹1,866 Cr	₹2,026 Cr	₹2,239 Cr	₹2,426 Cr	₹2,586 Cr	₹2,666 Cr
Total Liabilities	₹2,804 Cr	₹3,204 Cr	₹3,765 Cr	₹4,406 Cr	₹5,046 Cr	₹5,607 Cr	₹6,088 Cr	₹6,728 Cr	₹7,289 Cr	₹7,770 Cr	₹8,010 Cr
Fixed Assets	₹1,346 Cr	₹1,538 Cr	₹1,807 Cr	₹2,115 Cr	₹2,422 Cr	₹2,691 Cr	₹2,922 Cr	₹3,230 Cr	₹3,499 Cr	₹3,729 Cr	₹3,845 Cr
Total Assets	₹2,804 Cr	₹3,204 Cr	₹3,765 Cr	₹4,406 Cr	₹5,046 Cr	₹5,607 Cr	₹6,088 Cr	₹6,728 Cr	₹7,289 Cr	₹7,770 Cr	₹8,010 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹249.91 Cr	₹284.62 Cr	₹333.22 Cr	₹374.87 Cr	₹430.40 Cr	₹472.06 Cr	₹520.65 Cr	₹590.07 Cr	₹638.66 Cr	₹680.32 Cr	₹694.20 Cr
Cash from Investing (CFI)	-₹154.95 Cr	-₹176.47 Cr	-₹206.59 Cr	-₹232.42 Cr	-₹266.85 Cr	-₹292.67 Cr	-₹322.80 Cr	-₹365.84 Cr	-₹395.97 Cr	-₹421.80 Cr	-₹430.40 Cr
Cash from Financing (CFF)	-₹79.97 Cr	-₹91.08 Cr	-₹106.63 Cr	-₹119.96 Cr	-₹137.73 Cr	-₹151.06 Cr	-₹166.61 Cr	-₹188.82 Cr	-₹204.37 Cr	-₹217.70 Cr	-₹222.14 Cr
Free Cash Flow (FCF)	₹125.96 Cr	₹143.45 Cr	₹167.94 Cr	₹188.93 Cr	₹216.92 Cr	₹237.92 Cr	₹262.41 Cr	₹297.40 Cr	₹321.89 Cr	₹342.88 Cr	₹349.88 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	13.8%	14.2%	14.6%	15%	15.4%	15.8%	16.2%	16.6%	17%	17.4%	17.8%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹2,124.28 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹4,463.80

DCF Fair Value

₹2,124.28

Graham Number

₹1,531.02

Margin of Safety

-58.4%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹2,124.28

Premium / Overvalued (Margin: -58.4%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹2,067	₹2,048	₹2,030	₹2,012
10%	₹2,105	₹2,086	₹2,068	₹2,049
12%	₹2,144	₹2,124	₹2,105	₹2,086
14%	₹2,182	₹2,162	₹2,143	₹2,124

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹2,124	Fairly Valued
Benjamin Graham Number	₹1,531	Market Priced
Historical Sector P/E	₹3,060	Premium
EV / EBITDA Multiplier	₹4,687	In-Line
Free Cash Flow Yield Model	₹4,375	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 7/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

7 / 9 Pass

Altman Z-Score

3.43 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 0.64x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 16.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

75.00%

FIIs (Foreign)

3.35%

DIIs (Domestic)

14.47%

Government

0.15%

Public / Retail

7.17%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	75.48%	75.36%	75.24%	75.12%	75.00%	74.88%	74.76%	74.64%
• Promoter & Promoter Group Family Trusts	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%	36.00%
• Operating Holding Companies & LLPs	28.50%	28.50%	28.50%	28.50%	28.50%	28.50%	28.50%	28.50%
• Key Executive Promoters (Individual)	10.50%	10.50%	10.50%	10.50%	10.50%	10.50%	10.50%	10.50%
+ FIIs (Foreign Portfolio)	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	14.28%	14.33%	14.37%	14.42%	14.47%	14.52%	14.57%	14.61%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	5.09%	5.16%	5.24%	5.31%	5.38%	5.45%	5.52%	5.60%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

BLUEDART Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

BLUEDART Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

BLUEDART Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹5,713.66

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹4,999.46

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 32x P/E.

🐻 Bear Case (15%) -12.0%

₹3,928.14

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:26 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ BLUE DART EXPRESS Ltd (BLUEDART)	Target Stock	₹4,463.80	-0.40%	32.3x	15.7%	15.8%	0.64	₹10,680 Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹400.00	+0.25%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,906.00	+2.34%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Diversified Operations	₹11,260.00	+2.91%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,199.50	-1.35%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,715.00	+3.64%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,748.60	+1.37%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:26:34 IST	✓ Live Sync
Financial Statements (10Y)	BLUE DART EXPRESS Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

BLUE DART EXPRESS Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About BLUE DART EXPRESS Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

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