About
Blue Dart Express Limited provides courier and express services in India. 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; and door-to-door ground distribution service under the Dart Surfaceline name. The company also offers air freight services between the airports of Kolkata, Mumbai, Delhi, Bangalore, Chennai, Hyderabad, and Ahmedabad; air express 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 shipments; international services; and temperature-controlled logistics solutions, as well as operates domestic express airline charter. It has a fleet of 6 Boeing 757-200 freighters and 2 Boeing 737 aircraft; and a flotilla of various vehicles, facilities, and e-vehicles in India. Blue Dart Express Limited was founded in 1983 and is headquartered in Mumbai, India. Blue Dart Express Limited is a subsidiary of DHL Express (Singapore) Pte. Ltd.
Key Metrics
as of Sep 2026Market Cap11,845 Cr
P/E36.50
Div Yield0.50 %
Book Value₹749.00
52w High₹7,036.00
52w Low₹4,628.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,658.00 | 1,533.00 | 1,616.00 | 1,549.00 | 1,442.00 | 1,417.00 | 1,512.00 | 1,448.00 | 1,343.00 | 1,323.00 | 1,383.00 | 1,324.00 | 1,238.00 |
| Expenses | 1,396.00 | 1,311.00 | 1,335.00 | 1,297.00 | 1,246.00 | 1,204.00 | 1,272.00 | 1,230.00 | 1,141.00 | 1,097.00 | 1,170.00 | 1,102.00 | 1,047.00 |
| Operating Profit | 261.00 | 222.00 | 281.00 | 252.00 | 196.00 | 213.00 | 239.00 | 218.00 | 202.00 | 226.00 | 213.00 | 223.00 | 191.00 |
| OPM % | 16.00 | 14.00 | 17.00 | 16.00 | 14.00 | 15.00 | 16.00 | 15.00 | 15.00 | 17.00 | 15.00 | 17.00 | 15.00 |
| Other Income | 15.00 | 12.00 | -33.00 | 10.00 | 10.00 | 12.00 | 12.00 | 9.00 | 9.00 | 11.00 | 24.00 | 5.00 | 10.00 |
| Depreciation | 137.00 | 140.00 | 145.00 | 131.00 | 121.00 | 124.00 | 121.00 | 121.00 | 118.00 | 113.00 | 111.00 | 111.00 | 99.00 |
| Interest | 21.00 | 22.00 | 24.00 | 22.00 | 19.00 | 20.00 | 21.00 | 21.00 | 21.00 | 19.00 | 20.00 | 20.00 | 19.00 |
| Profit before tax | 119.00 | 73.00 | 79.00 | 109.00 | 66.00 | 81.00 | 109.00 | 85.00 | 72.00 | 105.00 | 108.00 | 98.00 | 82.00 |
| Tax % | 26.00 | 33.00 | 14.00 | 26.00 | 26.00 | 32.00 | 26.00 | 26.00 | 26.00 | 26.00 | 17.00 | 25.00 | 26.00 |
| Net Profit | 88.00 | 49.00 | 68.00 | 81.00 | 49.00 | 55.00 | 81.00 | 63.00 | 53.00 | 78.00 | 89.00 | 73.00 | 61.00 |
| EPS in Rs | 37.29 | 20.59 | 28.80 | 34.30 | 20.58 | 23.24 | 34.14 | 26.48 | 22.51 | 32.78 | 37.46 | 30.79 | 25.83 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,141.00 | 5,720.00 | 5,268.00 | 5,172.00 | 4,410.00 | 3,288.00 | 3,175.00 | 3,174.00 | 2,799.00 | 2,690.00 | 2,563.00 | 2,272.00 |
| Expenses | 5,190.00 | 4,844.00 | 4,415.00 | 4,235.00 | 3,410.00 | 2,602.00 | 2,701.00 | 2,888.00 | 2,447.00 | 2,348.00 | 2,157.00 | 2,048.00 |
| Operating Profit | 951.00 | 876.00 | 853.00 | 938.00 | 1,000.00 | 686.00 | 475.00 | 286.00 | 352.00 | 342.00 | 406.00 | 224.00 |
| OPM % | 15.00 | 15.00 | 16.00 | 18.00 | 23.00 | 21.00 | 15.00 | 9.00 | 13.00 | 13.00 | 16.00 | 10.00 |
| Other Income | -2.00 | 38.00 | 51.00 | 32.00 | -5.00 | -6.00 | -49.00 | 19.00 | 20.00 | 26.00 | 35.00 | 25.00 |
| Interest | 86.00 | 82.00 | 78.00 | 67.00 | 87.00 | 111.00 | 117.00 | 43.00 | 40.00 | 45.00 | 43.00 | 11.00 |
| Depreciation | 536.00 | 485.00 | 433.00 | 394.00 | 395.00 | 430.00 | 347.00 | 128.00 | 114.00 | 104.00 | 102.00 | 44.00 |
| Profit before tax | 327.00 | 347.00 | 393.00 | 508.00 | 512.00 | 140.00 | -39.00 | 134.00 | 217.00 | 219.00 | 296.00 | 194.00 |
| Tax % | 24.00 | 27.00 | 23.00 | 27.00 | 25.00 | 27.00 | 7.00 | 33.00 | 33.00 | 36.00 | 33.00 | 34.00 |
| Net Profit | 247.00 | 252.00 | 301.00 | 371.00 | 382.00 | 102.00 | -42.00 | 90.00 | 145.00 | 140.00 | 197.00 | 129.00 |
| EPS in Rs | 104.26 | 106.38 | 126.86 | 156.16 | 161.08 | 42.91 | -17.64 | 37.83 | 60.99 | 58.93 | 82.95 | 54.51 |
| Dividend Payout % | 24.00 | 24.00 | 20.00 | 19.00 | 37.00 | 35.00 | 0.00 | 33.00 | 21.00 | 25.00 | 36.00 | 294.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 |
| Reserves | 1,753.00 | 1,535.00 | 1,344.00 | 1,156.00 | 848.00 | 568.00 | 467.00 | 554.00 | 508.00 | 406.00 | 358.00 | 284.00 |
| Borrowings | 1,142.00 | 1,007.00 | 1,073.00 | 1,120.00 | 1,066.00 | 1,522.00 | 530.00 | 573.00 | 418.00 | 491.00 | 397.00 | 332.00 |
| Other Liabilities | 1,208.00 | 1,097.00 | 1,021.00 | 923.00 | 891.00 | 783.00 | 1,620.00 | 661.00 | 553.00 | 477.00 | 486.00 | 349.00 |
| Total Liabilities | 4,127.00 | 3,663.00 | 3,461.00 | 3,223.00 | 2,829.00 | 2,897.00 | 2,641.00 | 1,811.00 | 1,503.00 | 1,397.00 | 1,265.00 | 988.00 |
| Fixed Assets | 2,035.00 | 1,814.00 | 1,823.00 | 1,437.00 | 1,437.00 | 1,583.00 | 1,665.00 | 654.00 | 518.00 | 471.00 | 453.00 | 216.00 |
| CWIP | 27.00 | 77.00 | 74.00 | 439.00 | 69.00 | 7.00 | 18.00 | 91.00 | 99.00 | 67.00 | 21.00 | 25.00 |
| Investments | 413.00 | 386.00 | 307.00 | 171.00 | 207.00 | 150.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 26.00 |
| Other Assets | 1,652.00 | 1,386.00 | 1,257.00 | 1,176.00 | 1,115.00 | 1,158.00 | 958.00 | 1,066.00 | 885.00 | 860.00 | 790.00 | 721.00 |
| Total Assets | 4,127.00 | 3,663.00 | 3,461.00 | 3,223.00 | 2,829.00 | 2,897.00 | 2,641.00 | 1,811.00 | 1,503.00 | 1,397.00 | 1,265.00 | 988.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 810.00 | 735.00 | 847.00 | 717.00 | 860.00 | 750.00 | 364.00 | 243.00 | 317.00 | 225.00 | 361.00 | 153.00 |
| Cash from Investing Activity | -315.00 | -300.00 | -375.00 | -514.00 | 11.00 | -529.00 | -193.00 | -280.00 | -190.00 | -228.00 | -149.00 | 32.00 |
| Cash from Financing Activity | -424.00 | -434.00 | -401.00 | -291.00 | -772.00 | -235.00 | -340.00 | 79.00 | -152.00 | -33.00 | -95.00 | -126.00 |
| Net Cash Flow | 72.00 | 2.00 | 71.00 | -89.00 | 99.00 | -14.00 | -169.00 | 42.00 | -25.00 | -36.00 | 118.00 | 60.00 |
| Free Cash Flow | 498.00 | 488.00 | 585.00 | 147.00 | 689.00 | 590.00 | 167.00 | -44.00 | 119.00 | 57.00 | 252.00 | 94.00 |
| CFO/OP % | 98.00 | 94.00 | 107.00 | 93.00 | 100.00 | 113.00 | 90.00 | 113.00 | 114.00 | 91.00 | 116.00 | 102.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55.00 | 50.00 | 46.00 | 45.00 | 48.00 | 57.00 | 61.00 | 56.00 | 55.00 | 49.00 | 41.00 | 47.00 |
| Cash Conversion Cycle | 55.00 | 50.00 | 46.00 | 45.00 | 48.00 | 57.00 | 61.00 | 56.00 | 55.00 | 49.00 | 41.00 | 47.00 |
| Working Capital Days | -35.00 | -23.00 | -47.00 | -23.00 | -49.00 | -74.00 | -37.00 | -22.00 | -17.00 | -18.00 | 0.00 | 8.00 |
| ROCE % | 16.00 | 16.00 | 19.00 | 26.00 | 31.00 | 17.00 | 13.00 | 17.00 | 28.00 | 31.00 | 48.00 | 32.00 |
Corporate Actions
27 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 06 Aug 2025 | 06 Aug 2025 | — | 25.00 | |
| Dividend | 12 Jul 2024 | — | — | 25.00 | |
| Dividend | 19 Jul 2023 | — | — | 30.00 | |
| Dividend | 18 Jul 2022 | — | — | 35.00 | |
| Dividend | 08 Feb 2022 | 09 Feb 2022 | — | 25.00 | |
| Dividend | 20 Jul 2021 | — | — | 15.00 | |
| Dividend | 22 Jul 2019 | — | — | 12.50 | |
| Other | 22 Jul 2019 | — | — | — | Annual General Meeting/ Dividend - 12.50 Per Share |
| Dividend | 20 Jul 2018 | — | — | 12.50 | |
| Dividend | 18 Jul 2017 | — | — | 15.00 | |
| Dividend | 19 Jul 2016 | — | — | 5.00 | NSE/BSE dividend mismatch: BSE/NSE=25.0; BSE/NSE=5.0 |
| Dividend | 19 Jul 2016 | — | — | 25.00 | NSE/BSE dividend mismatch: BSE/NSE=25.0; BSE/NSE=5.0 |
| Dividend | 20 Jul 2015 | — | — | 20.00 | |
| Other | 17 Nov 2014 | 18 Nov 2014 | — | — | Scheme of Arrangement |
| Other | 17 Nov 2014 | 18 Nov 2014 | — | — | Scheme Of Arrangement - Issue Of Bonus Debentures |
| Dividend | 14 Jul 2014 | — | — | 15.00 | |
| Dividend | 14 Feb 2014 | 17 Feb 2014 | — | 35.00 | |
| Dividend | 12 Jul 2013 | — | — | 71.00 | |
| Other | 12 Jul 2013 | — | — | — | Annual General Meeting And Dividend Rs 71 Per Equity Share |
| Dividend | 13 Apr 2012 | — | — | 2.00 | |
| Dividend | 15 Apr 2011 | — | — | 1.00 | |
| Dividend | 31 Mar 2010 | — | — | 1.00 | |
| Dividend | 02 Apr 2009 | — | — | 1.00 | |
| Dividend | 10 Apr 2008 | — | — | 1.00 | |
| Dividend | 05 Apr 2007 | — | — | 1.00 | |
| Dividend | 18 Apr 2006 | — | — | 1.50 | |
| Dividend | 22 Jun 2001 | — | — | 3.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update23 Mar from fitch
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Rating update22 May 2025 from icra
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Rating update26 Feb 2024 from icra
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Rating update26 Feb 2024 from fitch
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Rating update1 Feb 2023 from fitch
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Rating update23 Jan 2023 from icra