Blue Dart Express Ltd.
NSE: BLUEDARTBlue Dart Express Ltd.: A 30-second snapshot
Blue Dart Express (BLUEDART), India's largest air-express logistics network and a DHL Group subsidiary, trades at ₹4,720.5 — down 30.41% over 12 months and 33.04% below its 52-week high, with price below both moving averages and RSI at 29.54. FY26 Q4 results showed year-over-year revenue and profit growth alongside a ₹25 dividend, while the forward PE of 27.41 sits well below the trailing PE of 45.25.
P/E
45.3
Forward P/E
27.4
ROE
+14.8%
Debt / Equity
—
Profit Margin
+4.0%
Div. Yield
+0.5%
5Y ROE > 15%
3/5
5Y FCF > 0
4/5
Quality
50/100
News
4 headlines · 2 positive · 0 negative
Blue Dart Express Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026 - marketscreener.com
marketscreener.com
BLUEDART: Revenue and profit rose year-over-year, with a ₹25 dividend and strong e-commerce momentum - TradingView
TradingView
Blue Dart Schedules Earnings Call for FY 2025-26 Results - The Globe and Mail
The Globe and Mail
Blue Dart Express Schedules Board Meeting on May 9, 2026 for Q4 FY26 Results - scanx.trade
scanx.trade
Recent context
- ·Q4 FY26 results (reported May 9, 2026) showed year-over-year revenue and profit growth with a ₹25 dividend declared; management commentary cited strong e-commerce shipment momentum as a key volume driver.
- ·News sentiment across 4 recent headlines is neutral (2 positive, 2 neutral, 0 negative), with no adverse earnings or operational headlines visible in recent coverage despite the significant 12-month price decline.
- ·The 33.04% drawdown from the 52-week high places the current price at ₹4,720.5, with the nearest identified technical support at ₹4,683 and resistance levels clustered between ₹5,580 and ₹5,775.
Strengths
- +FCF positive in 4 of the available years, indicating the core logistics operations generate cash despite thin reported margins.
- +5-year earnings CAGR of 189.1% demonstrates substantial profitability recovery from a prior trough, underpinned by e-commerce volume growth noted in FY26 commentary.
- +Trailing PE of 45.25 is elevated in absolute terms but the forward PE compresses to 27.41, reflecting analyst expectations of a meaningful earnings step-up in the near term.
- +Quality score of 36 ranks 3rd of 6 in the Services peer group — ahead of Delhivery (18), CONCOR (23), and INDIGO (11) — suggesting relatively stronger fundamental composite versus most listed logistics peers.
Weaknesses
- −Price at ₹4,720.5 is 8.2% below 50-DMA (₹5,145.43) and 14.7% below 200-DMA (₹5,536.92), with the stock below both moving averages for an extended period and RSI at 29.54.
- −Profit margin of 4.03% is thin for a capital-intensive express-logistics operator; a 5-year revenue CAGR of 8% alongside a 189.1% earnings CAGR points to earnings recovery from a depressed base rather than consistent top-line expansion.
- −Trailing PE of 45.25 remains elevated versus sector peers ADANIPORTS (30.60) and CONCOR (28.35), leaving limited room for multiple expansion if the earnings step-up anticipated in forward estimates does not materialise.
- −ROE has exceeded 15% in only 3 of the available measurement years and the consistency score stands at 44, indicating uneven historical returns on equity.
Open questions
- ?Does the 189.1% 5-year earnings CAGR reflect a structural improvement in Blue Dart's pricing power and operating leverage, or is it predominantly a recovery from an unusually depressed earnings base in the base year?
- ?How does Blue Dart's 4.03% net profit margin compare to global air-express peers, and what contractual or fuel-hedging mechanisms protect or compress that margin as jet-fuel costs and DHL interline rates fluctuate?
- ?Given that the forward PE of 27.41 implies a significant earnings step-up from the trailing PE of 45.25, what are the specific revenue or cost assumptions underpinning those forward estimates, and how sensitive are they to e-commerce volume growth rates?
- ?With the stock 33% below its 52-week high and RSI at 29.54 while FY26 results showed growth, what factors — competitive pricing from road-logistics peers, macro demand slowdown, or sector rotation — could explain the sustained price-fundamental divergence?
Peer comparison: Services
Ranks 3 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| BLUEDART | Blue Dart Express Ltd.You're viewing | 45.3 | +14.8% | 36 |
| Industry avg | across 5 peers | 92.9 | +9.0% | 28 |
| ADANIPORTS | Adani Ports and Special Economic Zone Ltd. | 30.6 | +15.6% | 49 |
| GMRAIRPORT | GMR Airports Ltd. | — | — | 40 |
| CONCOR | Container Corporation of India Ltd. | 28.4 | +9.8% | 23 |
| DELHIVERY | Delhivery Ltd. | 219.7 | +1.6% | 18 |
| INDIGO | InterGlobe Aviation Ltd. | — | — | 11 |
Technical state
Current price
₹4,720.50
SMA 50
₹5,145.43
SMA 200
₹5,536.92
RSI (14)
29.5 (oversold)
From 52w high
-33.0%
1Y return
-30.4%
3M return
-16.0%
50-DMA
Below
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumPrice at ₹4,720.5 is below both the 50-DMA (₹5,145.43) and 200-DMA (₹5,536.92), down 30.41% over 12 months and 16.04% over 3 months, with RSI at 29.54 (oversold territory) and a 33.04% drawdown from the 52-week high.
- mediumTrailing PE of 45.25 is above sector peers ADANIPORTS (30.60) and CONCOR (28.35); quality score of 36 ranks 3rd of 6 peers; profit margin is thin at 4.03% for a logistics operator.
- low5-year earnings CAGR of 189.1% against 5-year revenue CAGR of 8% suggests the earnings expansion likely reflects a low base effect; ROE exceeded 15% in only 3 of available years, with consistency score at 44.
- lowAnalyst consensus rating is unavailable (only coverage count of 5 analysts is present); debt-to-equity is null; peer 1-year price change data is unavailable for all 5 peers, limiting relative performance comparison.
Cross-section contradictions
- FY26 results show revenue and profit growth YoY with a ₹25 dividend declared and positive news sentiment (2 positive, 0 negative out of 4 headlines), yet the stock is down 30.41% over 12 months and 33.04% from its 52-week high — no adverse news catalyst is evident in recent coverage to explain the sustained drawdown.
- Forward PE of 27.41 sits materially below trailing PE of 45.25, implying the market prices in a significant near-term earnings step-up; yet the stock price is at a multi-year low relative to the 52-week range.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 1 Jun 2026 · rotates through NIFTY 500 every ~5 days