Blue Dart Express (BLUEDART) | Financial Analysis & Statements
Blue Dart Express Ltd. Mid-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
14.4B
Gross Profit
2.2B
15.52%
Operating Income
746.7M
5.18%
Net Income
488.3M
3.39%
EPS (Diluted)
₹20.58
Balance Sheet Metrics
Total Assets
36.6B
Total Liabilities
21.0B
Shareholders Equity
15.6B
Debt to Equity
1.35
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2025
Blue Dart Express Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 57.2B | 52.7B | 51.7B | 44.1B | 32.9B |
| Cost of Goods Sold | 47.4B | 43.1B | 41.6B | 33.9B | 26.9B |
| Gross Profit | 9.8B | 9.6B | 10.1B | 10.2B | 6.0B |
| Gross Margin % | 17.2% | 18.2% | 19.5% | 23.1% | 18.2% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 597.8M | 675.4M | 635.6M | 616.0M | 432.5M |
| Other Operating Expenses | 3.9B | 3.4B | 2.6B | 2.6B | 2.1B |
| Total Operating Expenses | 4.5B | 4.1B | 3.3B | 3.2B | 2.6B |
| Operating Income | 4.0B | 4.3B | 5.7B | 6.1B | 2.7B |
| Operating Margin % | 7.0% | 8.1% | 11.1% | 13.9% | 8.1% |
| Non-Operating Items | |||||
| Interest Income | 75.7M | 142.3M | 79.5M | 116.4M | 75.7M |
| Interest Expense | 823.9M | 780.6M | 668.5M | 869.7M | 1.1B |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 3.5B | 3.9B | 5.1B | 5.1B | 1.4B |
| Income Tax | 948.2M | 916.9M | 1.4B | 1.3B | 379.8M |
| Effective Tax Rate % | 27.3% | 23.3% | 27.1% | 25.4% | 27.2% |
| Net Income | 2.5B | 3.0B | 3.7B | 3.8B | 1.0B |
| Net Margin % | 4.4% | 5.7% | 7.2% | 8.7% | 3.1% |
| Key Metrics | |||||
| EBITDA | 8.9B | 8.9B | 9.6B | 10.3B | 7.1B |
| EPS (Basic) | ₹106.38 | ₹126.86 | ₹156.16 | ₹161.08 | ₹42.91 |
| EPS (Diluted) | ₹106.38 | ₹126.86 | ₹156.16 | ₹161.08 | ₹42.91 |
| Basic Shares Outstanding | 23727934 | 23727934 | 23727934 | 23727934 | 23727934 |
| Diluted Shares Outstanding | 23727934 | 23727934 | 23727934 | 23727934 | 23727934 |
Income Statement Trend
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Blue Dart Express Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 1.7B | 1.6B | 937.5M | 1.8B | 835.1M |
| Short-term Investments | 3.9B | 3.1B | 1.7B | 2.2B | 4.0B |
| Accounts Receivable | 8.3B | 7.0B | 6.6B | 6.0B | 5.2B |
| Inventory | 515.3M | 518.3M | 393.5M | 349.9M | 317.8M |
| Other Current Assets | 666.6M | 560.7M | 907.2M | 387.4M | 377.3M |
| Total Current Assets | 15.0B | 12.9B | 10.6B | 10.8B | 10.8B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 2.4B | 2.2B | 1.9B | 1.7B | 1.7B |
| Goodwill | 576.2M | 698.1M | 729.7M | 813.0M | 787.0M |
| Intangible Assets | 576.2M | 698.1M | 729.7M | 813.0M | 787.0M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 105.6M | 145.5M | 198.8M | 92.7M | 76.5M |
| Total Non-Current Assets | 21.6B | 21.8B | 21.6B | 17.5B | 18.2B |
| Total Assets | 36.6B | 34.6B | 32.2B | 28.3B | 29.0B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 6.8B | 6.1B | 5.9B | 5.8B | 5.1B |
| Short-term Debt | 2.3B | 4.7B | 2.1B | 4.0B | 5.3B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 439.5M | 453.7M | 552.1M | 39.7M | 53.0M |
| Total Current Liabilities | 13.2B | 14.9B | 11.2B | 12.7B | 12.9B |
| Non-Current Liabilities | |||||
| Long-term Debt | 7.8B | 6.0B | 9.1B | 6.6B | 9.9B |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | 7.3M | 5.9M |
| Total Non-Current Liabilities | 7.9B | 6.0B | 9.3B | 6.8B | 10.1B |
| Total Liabilities | 21.0B | 20.9B | 20.4B | 19.6B | 23.1B |
| Equity | |||||
| Common Stock | 237.6M | 237.6M | 237.6M | 237.6M | 237.6M |
| Retained Earnings | 14.3B | 12.4B | 10.6B | 7.5B | 4.7B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 15.6B | 13.7B | 11.8B | 8.7B | 5.9B |
| Key Metrics | |||||
| Total Debt | 10.1B | 10.7B | 11.2B | 10.7B | 15.2B |
| Working Capital | 1.9B | -2.1B | -555.1M | -2.0B | -2.1B |
Balance Sheet Composition
Blue Dart Express Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 3.5B | 3.9B | 5.1B | 5.1B | 1.4B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | 12.8M | 21.4M | 3.9M | 2.3M | - |
| Working Capital Changes | -1.4B | 396.7M | -921.2M | -421.4M | -197.6M |
| Operating Cash Flow | 2.8B | 4.9B | 4.8B | 5.4B | 2.2B |
| Investing Activities | |||||
| Capital Expenditures | -2.5B | -2.6B | -5.7B | -1.7B | -1.6B |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | -87.3B | -74.7B | -71.6B | -51.0B | -22.8B |
| Investment Sales | 86.8B | 73.5B | 72.1B | 52.7B | 19.1B |
| Investing Cash Flow | -3.0B | -3.8B | -5.2B | 36.8M | -5.3B |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -593.2M | -711.8M | -830.5M | -949.1M | - |
| Debt Issuance | - | 46.9M | 500.0M | 0 | 3.0B |
| Debt Repayment | -546.9M | - | 0 | -4.0B | -2.4B |
| Financing Cash Flow | -1.1B | -932.4M | -63.0M | -4.9B | 650.0M |
| Free Cash Flow | 4.8B | 5.8B | 1.5B | 6.9B | 5.9B |
| Net Change in Cash | -1.3B | 117.7M | -475.9M | 516.0M | -2.4B |
Cash Flow Trend
Blue Dart Express Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
50.00
Forward P/E
27.74
Price to Book
7.78
Price to Sales
2.10
PEG Ratio
5.76
Profitability Ratios
Profit Margin
4.21%
Operating Margin
13.49%
Return on Equity
16.19%
Return on Assets
6.89%
Financial Health
Current Ratio
1.14
Debt to Equity
0.65
Beta
0.27
Per Share Data
EPS (TTM)
₹106.97
Book Value per Share
₹687.57
Revenue per Share
₹2,540.73
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| BLUEDART | 126.9B | 50.00 | 7.78 | 16.19% | 4.21% | 0.65 |
| Delhivery Limited | 336.8B | 222.62 | 3.50 | 1.72% | 1.55% | 17.23 |
| Transport | 72.2B | 16.13 | 3.02 | 18.82% | 9.36% | 10.42 |
| TVS Supply Chain | 50.4B | 54.98 | 2.55 | -0.74% | 0.88% | 112.34 |
| Mahindra Logistics | 43.9B | 647.28 | 5.47 | -7.89% | -0.36% | 46.73 |
| Gateway Distriparks | 28.8B | 1,922.00 | 1.27 | 15.12% | 0.09% | 28.44 |
Financial data is updated regularly. All figures are in the company's reporting currency.





