Blue Dart Express Ltd
BLUEDARTBlue Dart Express Ltd's earnings have outrun its stock. EPS grew −2.0% in a year against a −12.4% price move.
The sharpest disagreement: Foreign institutions moved −2.0 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.
The price is in a downtrend (83 weeks in) while the P/E sits at the 5th percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +79.6% year on year, and 299% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Blue Dart Express Ltd trades at ₹5,160, in a downtrend and 83 weeks into that stage. That is −3.4% against its own 200-day average. It sits at 25% of a 52-week range of ₹4,700 to ₹6,572. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks.
Today the stock is in a downtrend — week 83 of stage 4, confirmed. At ₹5,160 it trades −3.4% versus its 200-day average and sits at 25% of its 52-week range (₹4,700–₹6,572).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved −10% while the NIFTY 500 moved +276% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 2 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Blue Dart Express Ltd trades at 37.8× P/E, near the bottom of its own range — cheaper only 5% of the time. Its long-run median P/E is 54.8×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 37.8× is near the bottom of its own range — cheaper only 5% of the time, against a long-run median of 54.8× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −2.0% against a −12.4% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the −1.2%/yr price move, ~+3.1%/yr came from earnings growth and ~−4.3 pp from the multiple (compressing); over 10y, of the −1.2%/yr price move, ~+5.1%/yr came from earnings growth and ~−6.3 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Blue Dart Express Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 17.3% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +7.4% | +5.9% | +13.3% | +9.1% |
| Profit | −2.0% | −12.7% | +19.3% | +2.3% |
| EPS | −2.0% | −12.6% | +19.4% | +2.3% |
| Share price | −12.4% | −9.3% | −1.2% | −1.2% |
4-Factor Sector Score
49.9/100 — rank 10 of 18 in Logistics · 94% evidence confidence
Blue Dart Express Ltd scores 49.9 out of 100 against the 18 companies it is compared with in Logistics, ranking 10. Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
The four contributions add to the total exactly: 19.2 + 16.7 + 6.8 + 7.2 = 49.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Blue Dart Express Ltd reported ₹1,658 Cr of revenue in the Jun 26 quarter, +15.0% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.1% a year. The last full year, FY26, came in at ₹6,141 Cr. The last four reported quarters add to ₹6,356 Cr.
FY26 revenue came in at ₹6,141 Cr (+7.4% on the year), capping 10 years at 9.1% compound. The latest quarter (Jun 26) printed ₹1,658 Cr, +15.0% year on year — the 11th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +9.3% growth against the decade's 9.1% — the current year is running in line with its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +9.2% over the last 4 quarters against +8.8%/yr over the last 8 — stabilising; TTM profit +15.3% vs −1.2%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Blue Dart Express Ltd's operating margin is 16.0% in the Jun 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 9.0% to 23.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 16.0%, +2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 9.0%–23.0%.
Why the margin moved: operating margin went +2.2 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Blue Dart Express Ltd earned ₹88.0 Cr of net profit in the Jun 26 quarter, +79.6% year on year. Full-year FY26 profit was ₹247 Cr. The 10-year compound rate is 2.3%. That is 5.3% of the quarter's revenue. The same quarter a year earlier earned ₹49.0 Cr.
Jun 26 profit was ₹88.0 Cr, +79.6% year on year. On the full year, FY26 printed ₹247 Cr (−2.0%), and the 10-year compound rate is 2.3%.
Why profit moved: revenue contributed +15.0% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +20.3% vs revenue +9.3%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 299% of Blue Dart Express Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹810 Cr of operating cash against ₹247 Cr of profit. After ₹707 Cr of capital spending, ₹103 Cr was left as free cash.
FY26: operating cash of ₹810 Cr against reported profit of ₹247 Cr, leaving free cash of ₹103 Cr after ₹707 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 299% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 299%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Blue Dart Express Ltd's cash conversion cycle runs 55 days in FY26, down from 57 days in FY21. Capital spending ran ₹1,640 Cr over the last 3 years. At FY26 sales of ₹6,141 Cr each day of that cycle holds about ₹16.8 Cr, so roughly ₹925 Cr sits inside the business at any moment.
FY26: debtors at 55 days (an asset-light business — no inventory to speak of) — for a full cycle of 55 days, tighter than FY21's 57.
In money terms: at FY26 sales of ₹6,141 Cr, each day of the cycle holds about ₹16.8 Cr — so the 55-day loop keeps roughly ₹925 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹1,640 Cr over the last 3 fiscal years against ₹1,454 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹27.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Blue Dart Express Ltd earns a ROCE of 17% in FY26. That is up from a trough of 13% in FY20. Return on invested capital clears the cost of that capital by +3.5 percentage points, so growth here adds value rather than only size. The wiring behind it is 4.0% net margin on 1.49× asset turns.
FY26 ROCE is 17%, recovered from a FY20 trough of 13% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 4.0% net margin × 1.49× asset turns × 2.32× balance-sheet leverage ≈ 13.8% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 15.5% − 12.0% = a +3.5 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Blue Dart Express Ltd carries total debt of ₹1,142 Cr against shareholder equity of ₹1,777 Cr as of Mar 26, a debt-to-equity of 0.64. On the annual view that ratio went from 1.22 in FY22 to 0.64 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹1,142 Cr against shareholder equity of ₹1,777 Cr — a debt-to-equity of 0.64. On the annual view, debt-to-equity went from 1.22 (FY22) to 0.64 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 2.0 points of Blue Dart Express Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 3.4% of the company. Domestic institutions moved +1.8 points over the same window, to 14.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −2.0 points over 8 quarters to 3.4%; Domestic institutions: +1.8 points over 8 quarters to 14.5%; Promoters: +0.0 points over 8 quarters to 75.0%.
Why the register moved: rotation — foreign institutions −2.0 points against domestic institutions +1.8 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Blue Dart Express Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Gateway Distriparks LtdGATEWAY | 65.8/100Favorable setup82% evidence | ASLEEP | 22.4/35 Revenue 31.5% · PAT -30.8% · OPM change 2 pp 65% evidence | 14.7/25 ROCE 10.8% · OPM 22% 100% evidence | 17.9/20 P/E 11.2× · PEG 1.18 100% evidence | 10.8/20 RS sector 0.8% · RS bench -4.3% · 1Y -10.3%1 of 10 weeks ahead 70% evidence |
| Exact sum: 22.4 + 14.7 + 17.9 + 10.8 = 65.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Aegis Logistics LtdAEGISLOG | 64.5/100Mixed-positive evidence78% evidence | BREAKING OUT | 20.9/35 Revenue 23.2% · PAT 40.5% · OPM change 0 pp 83% evidence | 17.0/25 ROCE 13.3% · OPM 24% 76% evidence | 6.6/20 P/E 51.7× · PEG — 50% evidence | 20.0/20 RS sector 50.4% · RS bench 59.1% · 1Y 74%11 of 12 weeks ahead 100% evidence |
| Exact sum: 20.9 + 17 + 6.6 + 20 = 64.5 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 3Blackbuck LtdBLACKBUCK | 57.8/100Mixed-positive evidence87% evidence | ASLEEP | 24.0/35 Revenue 48.6% · PAT 100% · OPM change -4 pp 100% evidence | 12.9/25 ROCE 12.8% · OPM 24% 100% evidence | 8.3/20 P/E 57.6× · PEG 2.09 65% evidence | 12.6/20 RS sector 22.4% · RS bench -11.1% · 1Y 16.7%0 of 9 weeks ahead 70% evidence |
| Exact sum: 24 + 12.9 + 8.3 + 12.6 = 57.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Shadowfax Technologies LtdSHADOWFAX | 57.5/100Mixed-positive evidence60% evidence | BREAKING OUT | 30.9/35 Revenue 70.8% · PAT 1777.8% · OPM change 3.9 pp 95% evidence | 7.5/25 ROCE 9.4% · OPM 7% 95% evidence | 9.1/20 P/E 84.1× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence |
| Exact sum: 30.9 + 7.5 + 9.1 + 10 = 57.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5S J Logistics (India) LtdSJLOGISTIC | 56.6/100Mixed-positive evidence73% evidence | ASLEEP | 20.8/35 Revenue 67.9% · PAT 93.4% · OPM change 3 pp 71% evidence | 19.6/25 ROCE 32.4% · OPM 19% 95% evidence | 12.8/20 P/E 6.1× · PEG — 50% evidence | 3.4/20 RS sector -30.8% · RS bench -13.8% · 1Y -25.3%6 of 11 weeks ahead 70% evidence |
| Exact sum: 20.8 + 19.6 + 12.8 + 3.4 = 56.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Sical Logistics LtdSICALLOG | 54.3/100Mixed-positive evidence70% evidence | TURNING | 28.2/35 Revenue 73.9% · PAT 100% · OPM change 7.9 pp 83% evidence | 9.4/25 ROCE 9.8% · OPM 18.5% 95% evidence | 8.5/20 P/E 691× · PEG — 15% evidence | 8.2/20 RS sector -26.6% · RS bench 42.8% · 1Y 21.1%6 of 9 weeks ahead 70% evidence |
| Exact sum: 28.2 + 9.4 + 8.5 + 8.2 = 54.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7JITF Infra Logistics LtdJITFINFRA | 54.1/100Mixed-positive evidence67% evidence | TURNING | 15.9/35 Revenue 24% · PAT -80% · OPM change 1.4 pp 83% evidence | 15.7/25 ROCE 15.4% · OPM 17.7% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 12.5/20 RS sector -0.3% · RS bench 5.5% · 1Y -3.7%3 of 10 weeks ahead 70% evidence |
| Exact sum: 15.9 + 15.7 + 10 + 12.5 = 54.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Allcargo Terminals LtdATL | 51.9/100Mixed-positive evidence69% evidence | ASLEEP | 18.8/35 Revenue 8.3% · PAT 46.2% · OPM change 3.1 pp 62% evidence | 14.0/25 ROCE 11.6% · OPM 21.2% 95% evidence | 14.1/20 P/E 13.9× · PEG — 50% evidence | 5.0/20 RS sector -13.4% · RS bench -14% · 1Y -24%1 of 10 weeks ahead 70% evidence |
| Exact sum: 18.8 + 14 + 14.1 + 5 = 51.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Tejas Cargo India LtdTEJASCARGO | 51.4/100Thin evidence · provisional56% evidence | FADING | 15.3/35 Revenue — · PAT — · OPM change -2 pp 26% evidence | 13.9/25 ROCE 12.1% · OPM 20% 95% evidence | 9.8/20 P/E 38× · PEG — 15% evidence | 12.4/20 RS sector 16.5% · RS bench 4.9% · 1Y 8.1%10 of 11 weeks ahead 100% evidence |
| Exact sum: 15.3 + 13.9 + 9.8 + 12.4 = 51.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 10Blue Dart Express Ltdthis pageBLUEDART | 49.9/100Mixed-negative evidence94% evidence | ASLEEP | 19.2/35 Revenue 9.2% · PAT 15.3% · OPM change 2 pp 100% evidence | 16.7/25 ROCE 16.6% · OPM 16% 100% evidence | 6.8/20 P/E 37.8× · PEG 3.79 100% evidence | 7.2/20 RS sector -5.9% · RS bench -6.3% · 1Y -23.6%0 of 10 weeks ahead 70% evidence |
| Exact sum: 19.2 + 16.7 + 6.8 + 7.2 = 49.9 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 11Transport Corporation of India LtdTCI | 47.7/100Mixed-negative evidence100% evidence | BASING | 15.3/35 Revenue 9.6% · PAT 7% · OPM change 0 pp 100% evidence | 16.1/25 ROCE 19.4% · OPM 11% 100% evidence | 13.3/20 P/E 15.7× · PEG 1.41 100% evidence | 3.0/20 RS sector -17.4% · RS bench -11.9% · 1Y -22.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 15.3 + 16.1 + 13.3 + 3 = 47.7 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 12Ritco Logistics LtdRITCO | 46.3/100Mixed-negative evidence83% evidence | LEADER | 11.9/35 Revenue 26% · PAT -21.4% · OPM change -2.4 pp 83% evidence | 8.2/25 ROCE 10.1% · OPM 5.1% 95% evidence | 8.5/20 P/E 23.2× · PEG — 50% evidence | 17.7/20 RS sector 7.2% · RS bench 14% · 1Y 0.6%12 of 12 weeks ahead 100% evidence |
| Exact sum: 11.9 + 8.2 + 8.5 + 17.7 = 46.3 · Decision use: Price leads the evidence: RS versus the benchmark is 14%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 13TransIndia Real Estate LtdTREL | 44.4/100Mixed-negative evidence83% evidence | ASLEEP | 17.5/35 Revenue 2.4% · PAT -29.8% · OPM change 41.2 pp 83% evidence | 10.5/25 ROCE 3.8% · OPM 58.3% 95% evidence | 13.7/20 P/E 16.1× · PEG — 50% evidence | 2.7/20 RS sector -17% · RS bench -11.5% · 1Y -28.2%3 of 12 weeks ahead 100% evidence |
| Exact sum: 17.5 + 10.5 + 13.7 + 2.7 = 44.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Sindhu Trade Links LtdSINDHUTRAD | 43.3/100Thin evidence · provisional58% evidence | TURNING | 15.2/35 Revenue -69.8% · PAT -52.9% · OPM change 115.5 pp 62% evidence | 5.9/25 ROCE 4.4% · OPM 4.5% 76% evidence | 9.3/20 P/E 65.5× · PEG — 15% evidence | 12.9/20 RS sector 2.9% · RS bench 0.5% · 1Y -20.2%2 of 10 weeks ahead 70% evidence |
| Exact sum: 15.2 + 5.9 + 9.3 + 12.9 = 43.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 15Container Corporation Of India LtdCONCOR | 42.9/100Mixed-negative evidence100% evidence | FADING | 12.1/35 Revenue 1.7% · PAT -4% · OPM change 1 pp 100% evidence | 14.7/25 ROCE 12.4% · OPM 21% 100% evidence | 6.0/20 P/E 32.2× · PEG 3.55 100% evidence | 10.1/20 RS sector -3.9% · RS bench 2.5% · 1Y -12.2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 12.1 + 14.7 + 6 + 10.1 = 42.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Western Carriers (India) LtdWCIL | 31.3/100Adverse evidence70% evidence | ASLEEP | 8.9/35 Revenue 6% · PAT -40.4% · OPM change -1.5 pp 83% evidence | 7.5/25 ROCE 6.8% · OPM 4.3% 95% evidence | 10.4/20 P/E 23.6× · PEG — 15% evidence | 4.5/20 RS sector -15% · RS bench -20.5% · 1Y -17.6%1 of 10 weeks ahead 70% evidence |
| Exact sum: 8.9 + 7.5 + 10.4 + 4.5 = 31.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17Reliance Industrial Infrastructure LtdRIIL | 28.8/100Adverse evidence81% evidence | ASLEEP | 10.5/35 Revenue -16% · PAT -0.3% · OPM change -21.3 pp 95% evidence | 4.4/25 ROCE 3% · OPM -37.3% 95% evidence | 7.5/20 P/E 92.4× · PEG — 50% evidence | 6.4/20 RS sector -10.7% · RS bench -8.6% · 1Y -18.2%7 of 10 weeks ahead 70% evidence |
| Exact sum: 10.5 + 4.4 + 7.5 + 6.4 = 28.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18Allcargo Gati Ltd(Merged)ACLGATI | 37.9/100Thin evidence · provisional41% evidence | 16.2/35 Revenue -1.1% · PAT 100% · OPM change -1.5 pp 27% evidence | 5.6/25 ROCE 2.2% · OPM 3.6% 57% evidence | 8.7/20 P/E 97.5× · PEG — 15% evidence | 7.4/20 RS sector -5% · RS bench -8.2% · 1Y -0.6%0 of 12 weeks ahead to 2025-11-12 70% evidence | |
| Exact sum: 16.2 + 5.6 + 8.7 + 7.4 = 37.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Blue Dart Express Ltd's share price today?
Blue Dart Express Ltd trades at ₹5,160, −12.4% over the past year. The company is valued at ₹12,245 Cr. The stock sits at 25% of its 52-week range of ₹4,700–₹6,572, −3.4% versus its 200-day average. On the tape, the price is in a downtrend, 83 weeks in. — as of 31 July 2026.
What were Blue Dart Express Ltd's latest quarterly results?
Blue Dart Express Ltd reported revenue of ₹1,658 Cr and net profit of ₹88.0 Cr for the Jun 26 quarter. Revenue rose 15.0% and profit rose 79.6% year on year. Earnings per share were ₹37.29. The operating margin was 16.0%, 2.0 pp higher than a year earlier. — as of 31 July 2026.
What is Blue Dart Express Ltd's revenue?
Blue Dart Express Ltd reported revenue of ₹1,658 Cr in the Jun 26 quarter, +15.0% year on year. For the full FY26 fiscal year, revenue was ₹6,141 Cr (+7.4%). Over the last 10 years revenue compounded at 9.1% a year. — as of 31 July 2026.
What is Blue Dart Express Ltd's profit?
Blue Dart Express Ltd earned ₹88.0 Cr of net profit in the Jun 26 quarter, +79.6% year on year. Full-year FY26 profit was ₹247 Cr. The operating margin ran 16.0% in the latest quarter. — as of 31 July 2026.
What is Blue Dart Express Ltd's market cap?
Blue Dart Express Ltd's market capitalisation is ₹12,245 Cr at a share price of ₹5,160. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Blue Dart Express Ltd's P/E ratio?
Blue Dart Express Ltd trades at a P/E of 37.8×, at the 5th percentile of its own 11-year range, against a long-run median of 54.8×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Blue Dart Express Ltd pay a dividend?
Yes — Blue Dart Express Ltd's dividend payout was 24% of profit in FY26, and it recorded a payout in 12 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Blue Dart Express Ltd overvalued?
On its own history, Blue Dart Express Ltd looks cheap against its own history: its P/E of 37.8× has been cheaper only 5% of the time in 11 years (long-run median 54.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Blue Dart Express Ltd growing?
Yes — Blue Dart Express Ltd is growing: latest-quarter revenue +15.0% year on year, profit +79.6%, and the margin +2.0 pp at 16.0%. The 10-year compound rates are 9.1% (revenue) and 2.3% (profit). The earnings engine currently reads: improving — as of 31 July 2026.
How is Blue Dart Express Ltd performing?
Blue Dart Express Ltd is in a downtrend, 83 weeks in. Its latest quarter's revenue rose 15.0% and profit rose 79.6% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Blue Dart Express Ltd in?
Mixed — no clean majority across the growth curves, ROCE slipping at 17.3% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +9.2% latest, profit growth +15.3% latest, eps growth +15.8% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Blue Dart Express Ltd in an uptrend?
No — the price is in a downtrend (week 83 of stage 4), trading −3.4% versus its 200-day average and at 25% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Blue Dart Express Ltd beating the market?
On recent form, yes — Blue Dart Express Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved −10% against the NIFTY 500's +276% — behind the index over the full window. — as of 31 July 2026.
Will Blue Dart Express Ltd's share price go up?
This page publishes no price forecast for Blue Dart Express Ltd. What it measures instead: the share price is ₹5,160, the price is in a downtrend 83 weeks in. Its P/E of 37.8× sits at the 5th percentile of its own 11-year range. — as of 31 July 2026.
Who owns Blue Dart Express Ltd?
Promoters hold 75.0% of Blue Dart Express Ltd, foreign institutions 3.4%, domestic institutions 14.5% and the public 7.2% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 2.0 points over 8 quarters. — as of 31 July 2026.
Does Blue Dart Express Ltd have too much debt?
It is moderate — Blue Dart Express Ltd's debt-to-equity is 0.64, and operating profit covers the interest bill 11×. FY26 borrowings were ₹1,142 Cr against equity of ₹1,777 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.
What is Blue Dart Express Ltd's capex?
Blue Dart Express Ltd spent ₹1,640 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹707 Cr, with ₹27.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Blue Dart Express Ltd's cash flow?
Blue Dart Express Ltd generated ₹810 Cr of operating cash flow in FY26 and ₹103 Cr of free cash flow after ₹707 Cr of capital spending. Reported profit that year was ₹247 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Blue Dart Express Ltd's profit real cash?
Yes — over the last 3 fiscal years, 299% of Blue Dart Express Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹810 Cr against reported profit of ₹247 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is Blue Dart Express Ltd in its business cycle?
Blue Dart Express Ltd's FY26 operating margin was 15.0%, against a 13-year band of 9.0%–23.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 16.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Blue Dart Express Ltd story?
The sharpest disagreement: Foreign institutions moved −2.0 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Blue Dart Express Ltd a stock worth studying right now?
This is not investment advice. The machine read: Blue Dart Express Ltd's earnings have outrun its stock. EPS grew −2.0% in a year against a −12.4% price move. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.