Blue Dart Share Price Target Forecast 2022, 2023, 2025, 2030

DECEMBER 8, 2021

Motilal Oswal: Blue Dart Express Share Price Target 2022; Neutral For Rs 7390

Blue Dart Express has given a Neutral Rating by Motilal Oswal in its Research Report dated December 07, 2021, with a target price of Rs 7390.

We recently published our Logistics thematic study, in which we highlighted the Indian logistics sector’s great development potential and prospects for organised players such as Blue Dart Express (BDE). Due to the stock’s high valuation, we give it a neutral rating. Over the next few years, BDE’s unrivalled network footprint and significant development in Express Cargo will generate continuous expansion in the volume of its services.

Margins are projected to stay high in the short future, notwithstanding lower gasoline costs (due to tax cuts). BDE wants to raise its contribution from the Ground Express sector, which is now at 30%.


With a revised TP of INR7,390/Share (27x FY24E EV/EBITDA) and a neutral rating, we project BDE to achieve a Revenue/EBITDA/PAT CAGR of 17 percent /18 percent /36 percent between FY 2011-24E. is the source of this information.

NOVEMBER 3, 2021

Blue Dart has announced its second-quarter results, which include new all-time highs in revenue and profitability.

At its board meeting in Mumbai today, Blue Dart Express Limited, South Asia’s largest express air and integrated transport and distribution firm, published its financial results for the quarter ending September 30, 2021.

For the quarter ending September 30, 2021, the firm reported a profit after tax of $895 million (compared to $414 million in the previous year’s equivalent period); revenue from operations was $11,236 million. For the half year ending September 30, 2021, revenue from operations was 19,884 million, while profit after tax was 1,189 million.

“The firm experienced a solid rebound to demand throughout the quarter, as wave II of the pandemic began to wind down,” says Balfour Manuel, Dart’s Managing Director. All economic indices, such as GDP growth, industrial output index, and GST revenues, showed signs of improvement. The increasing commercial activity of key industrial sectors is reflected in the quarter’s growth.”

The company’s sales for the quarter was $11,236 million, up 30% from the same quarter previous year, with quarterly revenue increase of 30% consecutively. The quarter’s EBITDA was $1,690 million, up 46.6 percent over the prior year. The EBITDA margin increased to 14.96 percent, up from 13.31 percent the year before. Revenue for the first half of the year was $19,884 million, up 55 percent over the previous year. EBITDA was $2,582 million, up from a negative $7 million the previous year. For the quarter, the consolidated EBITDA margin was 22%. The company’s margins rose as a result of healthy top-line growth, improved realisation, continuous cost-cutting efforts, and financial re-engineering. During the quarter, the firm and its wholly owned subsidiary paid off the majority of its bank borrowings, lowering the company’s financial costs. lately,

During the past quarter, the pandemic produced an unprecedented scenario in the country. Despite the difficult circumstances, Blue Darters were instrumental in obtaining medications, testing equipment, and other emergency supplies, which was greatly appreciated by the consumers. To show their appreciation, the firm has offered all staff, save senior management, a modest ex-gratia payment of €300 in Rupees. An unusual item of 359.50 million was recorded as an ex-gratia expenditure in the current quarter financial year.

During the quarter, the firm successfully launched the Blue Dart Med-Express consortium, which uses drone technology to provide a comprehensive healthcare service to the country’s interior.

The firm’s promises to being a ‘wonderful place to work’ and a ‘highly trusted corporation,’ with an emphasis on diversity and inclusion, are steadfast. Blue Dart has always believed in giving equitable job chances to all individuals who want to help the company succeed. The corporation is focusing on long-term solutions to minimise carbon emissions, such as using electric cars, lowering paper use, and establishing green facilities, among other things. To offset its carbon footprint, the firm has planted approximately 555,000 trees. As part of its ESG journey, Blue Dart is dedicated to the highest levels of compliance.

One of the organization’s major axes is exceptional service quality, which is combined with automation and technology to provide clients with one-stop, hassle-free logistical solutions. During the half-year ending September 30, 2021, the firm made 116.25 million shipments weighing 422,933 tonnes in its quest to make consumers happy.

The government’s emphasis on developing infrastructure, such as dedicated corridors, logistics parks, economic zones, dedicated rail corridors, and waterways, is intended to facilitate the transit of commodities. Aside from that, initiatives such as “Make in India” and “Atmanirbhar Bharat” are expected to increase economic activity by expanding the PLI plan to diverse industries. A government-led vaccination drive is also expected to help alleviate the pandemic’s effects. All of these actions are anticipated to improve the country’s overall economic situation. With its air and ground infrastructure, committed Blue Darts, and world-class service delivery experience, Blue Dart is well positioned to capitalise on this potential in the long run. is the source of this information.

30 July, 2021

Blue Dart Express reports a net profit of Rs 31 crore for the first quarter.

Blue Dart Express said on Friday that its consolidated net profit for the quarter ended June 30 was Rs 31.27 crore. Blue Dart Express, on the other hand, posted a combined net loss of Rs 125.84 crore in the previous financial year, according to a BSE filing.

According to the statement, the company’s consolidated total income increased to Rs 872.81 crore in April-June 2021 from Rs 418.83 crore the previous year.

“As we combat numerous new kinds of the epidemic and face a second wave of the pandemic, Blue Dart’s company stays nimble and responsive to the changing external environment.”

“Our results indicate a developing economy that is increasingly depending on the digitalization process and a sustained e-commerce boom,” stated Balfour Manuel, Managing Director of Blue Dart. Both are really beneficial to us.” is the source for this information.

11 JUNE 2021

Small & Midcap Mantra | Blue Dart has rallied over 200 percent in a year, but it’s still a good investment.

Blue Dart Express Limited has been placed on the 2021 buyer’s list. In comparison to the Nifty 50’s 12 percent increase this year, the stock has risen approximately 50%. Blue Dart has risen about 200 percent in a year, while the Nifty has gained more than 50 percent.

Blue Dart reached a 52-week high of Rs 6,184 on the BSE on May 27, 2021, and has been trading in a range since then, but technical analysts believe the stock will go higher at Rs 7,000 in the next months.

BlueDart is a premium logistics company with a 75:25 air:surface ratio and a B2B:B2C ratio of 78:22. E-commerce, medicines, consumer electronics, and other industries, according to experts, have played a vital role in revenue growth since Q1FY20.

“There are several equities in the logistics area where most quality firms that have undergone major price/time declines are offered at favourable risk-reward propositions,” said Dharmesh Shah, Technical Head, ICICI Direct.

“In the present environment, we have chosen firms that match this criterion and provide a positive risk-reward arrangement.” While several of the most popular stocks have already returned to their all-time highs, we expect more equities to catch up,” he added.

Technically, the stock has witnessed a strong retracement momentum, having entirely retraced the previous 15 quarters’ loss (Rs 5,620-1,822) in just four quarters, showing the structural correction that is anticipated to take the next leg. provides useful information.

“As the stock rebounds from the February-April move, we expect it to stay above its 50-day EMA, which it has held since August 2020, and gradually advance above Rs 6,975 in the following months” (3,820). Price parity exists at (-5,845). Shah claims that he is one of 4,952 people.

The stock has remained above the upward sloping support trend line (lower level at 1,873-3,820), indicating stronger purchasing interest and underlying strength.

Elara Capital has maintained a “buy” recommendation on Blue Dart with a target price of Rs 6,226 in its May report, according to the brokerage firm.

For the fourth quarter ending March 2021, the firm recorded a consolidated net profit of Rs 90 crore, compared to a net loss of Rs 30.57 crore the previous year.

The business’s standalone gross debt was decreased from Rs 525 million to Rs 225 million, and the consolidated balance sheet changed into net cash, owing to strong free cash flow creation, which is a positive indicator for the company.

According to the Elara Capital assessment, the management might investigate additional debt reduction, aircraft purchases, or value-added investments with Rs 4.6 billion in cash and existing investments.

“We anticipate high-single-digit volume growth, driven by GDP growth, new client acquisitions, omni-channel tie-ups, e-commerce expansion, and value-added services.” During FY22-23E, we estimate the standalone EBITDA margin to stay in the 12-14 percent range.

Elara reaffirmed its “Buy” recommendation for FY23E profits growth of 18%, 25x (unchanged) EV/EBITDA on FY23E from Rs 5,565 to Rs 6,226. is the source of this information.

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