NSE: BLUEDART | BSE: 526612

Mid-range Performer

Download real time

5636.50 -36.00 (-0.63%)

High vol. this week

NSE 07 Oct, 2025 10:06 AM (IST)

13,374.2

Market Cap

High in industry

0.7

Beta 1Year

Very Low volatility

Blue Dart Express Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BLUEDART, BSE:526612 Blue Dart Express Ltd.

Blue Dart Express Ltd.

03 May 2024

5636.50

-0.63%

Capacity utilization picking up; outlook bright

Buy: Blue Dart Express Ltd.

Target

Motilal Oswal

Blue Dart Express’s (BDE) revenue grew 8.7% YoY to INR13.2b in 4QFY24 (in
line). BDE handled 0.29m tons of cargo volume (+8.7% YoY). The realization
remained flat YoY at INR 44.5/kg. It carried 91m shipments in 4Q.

Blue Dart Express Ltd. average weekly volume is high.

Blue Dart Express Ltd.

28 Oct 2023

5636.50

-0.63%

Strong Q2 show; visible margin improvement

Hold: Blue Dart Express Ltd.

Recommendation Target

ICICI Securities Limited

Blue Dart Express’ (BDE) Q2FY24 EBITDA surpassed our estimates by 9.2%. Key points: 1) Number of shipments and tonnage rose ~13.6% YoY and 2.5% YoY, respectively; 2) EBITDA margin improved to 16.8% (Q2FY23: 15.4%)

Blue Dart Express Ltd. average weekly volume is high.

Blue Dart Express Ltd.

21 Sep 2023

5636.50

-0.63%

Margins to improve with better capacity utilization, reducing disparity between Brent and ATF prices

Buy: Blue Dart Express Ltd.

Motilal Oswal

Blue Dart Express Ltd. has an average target of 7265.00 from 2 brokers.

Blue Dart Express Ltd.

02 Aug 2023

5636.50

-0.63%

Higher costs due to capacity expansion and elevated ATF prices hurt performance

Buy: Blue Dart Express Ltd.

Target

Motilal Oswal

Blue Dart Express Ltd. is trading below all available SMAs

Blue Dart Express Ltd.

28 Jul 2023

5636.50

-0.63%

Margins might drag at current levels; consensus estimates prone to downward revision

Sell: Blue Dart Express Ltd.

Target

ICICI Securities Limited

Blue Dart Express’ (BDE) Q1FY24 EBITDA fell short of our estimate by 10%. Key points: 1) number of shipments rose ~9% and tonnage 2.6% YoY; 2) both revenue and EBITDA per shipment continue to decline; 3) EBITDA margin contracted to 15.4% (Q1FY23: 20.7%) – lowest since Q1FY20 – on unfavourable price-cost impact despite the benefit of lower ATF prices.

Blue Dart Express Ltd. average weekly volume is high.

Blue Dart Express Ltd.

14 Jul 2023

5636.50

-0.63%

Expansion of fleet and branch network bodes well

Buy: Blue Dart Express Ltd.

Target

Motilal Oswal

Blue Dart Express Ltd. has lost -32.16% in the last 1 Year

Blue Dart Express Ltd.

20 Jun 2023

5636.50

-0.63%

Lower ATF prices to support margins; aircraft addition to boost volumes in 2HFY24

Buy: Blue Dart Express Ltd.

Recommendation Target

Motilal Oswal

Blue Dart Express Ltd. has an average target of 7265.00 from 2 brokers.

Blue Dart Express Ltd.

09 May 2023

5636.50

-0.63%

Subdued volumes and high ATF prices hurt margins

Neutral: Blue Dart Express Ltd.

Target

Motilal Oswal

Blue Dart Express Ltd. has lost -32.16% in the last 1 Year

Blue Dart Express Ltd.

08 May 2023

5636.50

-0.63%

Margins continue to decline

Sell: Blue Dart Express Ltd.

Target

ICICI Securities Limited

Blue Dart Express’ (BDE) Q4FY23 performance undershot street estimates by 6%; however, it was broadly in line with our estimates. Key points: 1) Number of shipments rose ~12% YoY to 82mn, possibly due to higher share of road cargoes; 2) realisation/kg remained static QoQ, implying insufficient absorption of price hikes taken in Jan-23.

Blue Dart Express Ltd. has lost -32.16% in the last 1 Year

Blue Dart Express Ltd.

27 Jan 2023

5636.50

-0.63%

Stung by higher cost

Sell: Blue Dart Express Ltd.

Target

ICICI Securities Limited

Blue Dart Express’ (BDE) Q3FY23 performance undershot our and street estimates by 13% and 14%, respectively, owing to higher costs. Key points: 1) Number of shipments rose ~18% YoY to 87.9mn, possibly due to higher share of road cargoes; 2) higher costs resulted in gross margin/kg contracting 25% YoY (0.6% QoQ) to Rs13.2/kg.

Blue Dart Express Ltd. average weekly volume is high.

Is Blue Dart Express Ltd. worth buying?

109 Votes:

Buy 74.31%

Sell 13.76%

Hold 11.93%

RESEARCH REPORTS

Buy SEE REPORTS >

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Buy SEE REPORTS >

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