NSE: BLUEDART | BSE: 526612

Mid-range Performer

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5791.00 -105.00 (-1.78%)

38.97% Fall from 52W High

2,962 NSE+BSE Volume

NSE 26 Aug, 2025 10:56 AM (IST)

13,740.8

Market Cap

High in industry

0.6

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.

04 Feb 2020

5791.00

-1.78%

Blue Dart Express

Buy: Blue Dart Express Ltd.

Recommendation Target

ICICI Securities Limited

In addition to expanding its reach to tier II, III cities (~19200 pin-codes across India), BlueDart has also embarked on a strategy to right size the company. DHL also plans to cut-back the work force (22-23% of topline), which would incrementally drive margins forward. During Q3, BlueDart took an exceptional loss of | 64 crore, which includes organisational right sizing, discontinuance of certain business activities and changing the operating software of certain business function. Further, the management of BlueDart...

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

Blue Dart Express Ltd.

22 Aug 2019

5791.00

-1.78%

First Light | August MPC Minutes, Blue Dart Express

Not Rated: Blue Dart Express Ltd.

BOB Capital Markets Ltd.

August MPC Minutes: Focus on growth to continue. BDE: Buffeted by headwinds

Blue Dart Express Ltd. is trading below all available SMAs

Blue Dart Express Ltd.

21 Aug 2019

5791.00

-1.78%

Blue Dart Express (NOT RATED): Buffeted by headwinds

Not Rated: Blue Dart Express Ltd.

BOB Capital Markets Ltd.

We recently met the management of Blue Dart Express (BDE) and present the key takeaways in this report.

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

Blue Dart Express Ltd.

01 Aug 2019

5791.00

-1.78%

Blue Dart Express

Hold: Blue Dart Express Ltd.

Target

ICICI Securities Limited

Focus on network expansion, tapping growing industries Amid a challenging economic and competitive scenario, Blue Dart is focusing on expanding its reach, improving transit times and targeting higher revenue from small towns and SME segment. It has already reached ~18000 pin codes and expects to reach ~19200 pin codes across India in a few months. The widespread infrastructure, push towards automation and building a strong IT network will enable the company to have a competitive...

Blue Dart Express Ltd. is trading below all available SMAs

Blue Dart Express Ltd.

17 May 2019

5791.00

-1.78%

Blue Dart Express

Hold: Blue Dart Express Ltd.

Recommendation Target

ICICI Securities Limited

As per the management, BlueDart reached ~18000 pin codes & expects to reach ~19200 pin-codes across India in few months. With this feat, it expects to remain the preferred logistics partner in all Tier 1, 2, 3, 4 cities. The company has also undertaken an investment programme for two to three years that will make it ready for the next leg of growth, which includes aggressive reach expansion, focus on emerging markets, sectors and SMEs etc. The widespread infrastructure and a push towards automation and building a strong IT network will enable the company to have a competitive...

Blue Dart Express Ltd. has lost -28.47% in the last 1 Year

Blue Dart Express Ltd.

01 Feb 2019

5791.00

-1.78%

Blue Dart Express

Buy: Blue Dart Express Ltd.

Recommendation Target

ICICI Securities Limited

Revenues grew 21% YoY to | 855 crore (I-direct estimate: | 775 crore). Both B2B and B2C continued to show good traction during the quarter, post double digit growth in H1FY19 EBITDA margins contracted 438 bps YoY to 7% (I-direct estimate: 6%)...

Blue Dart Express Ltd. has lost -28.47% in the last 1 Year

Blue Dart Express Ltd.

02 Nov 2018

5791.00

-1.78%

Blue Dart Express

Hold: Blue Dart Express Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues grew 14% YoY to | 798 crore (I-direct estimates: | 700 crore). Both the B2B and B2C continued to show good traction (high double digit) during the quarter, post a double digit growth in Q1 EBITDA margins contracted 590 bps YoY to 5% (I-direct estimate: 8%) with an absolute EBITDA de-growth of 48% YoY to | 40 crore (I-direct estimate: | 59 crore). EBITDA margins were below I-direct estimates mainly due to higher freight handling and servicing cost (67.5% vs. Idirect estimate of 65%)...

Blue Dart Express Ltd. is trading below all available SMAs

Blue Dart Express Ltd.

01 Aug 2018

5791.00

-1.78%

Blue Dart Express

Hold: Blue Dart Express Ltd.

Recommendation Target

ICICI Securities Limited

EBITDA margins contracted 80 bps YoY to 6.1% (I-direct estimate: 10%) with absolute EBITDA de-growth of 3% YoY to | 45 crore (Idirect estimate: | 70 crore). EBITDA was below I-direct estimate mainly due to higher freight handling and servicing cost and also higher employee costs (due to implementation of Minimum Wages Act) Adjusted PAT de-grew 5% to | 22 crore (I-direct estimate: | 39 crore), mainly due to a weak operational performance Continued push towards building strong technology, infra network BlueDart has undertaken an investment programme for two to three years...

Blue Dart Express Ltd. is trading below all available SMAs

Blue Dart Express Ltd.

10 May 2018

5791.00

-1.78%

Blue Dart Express

Buy: Blue Dart Express Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues grew 6% YoY to | 717 (I-direct estimate: | 700 crore). Market sentiment remained sluggish due to a challenging economic environment, slowing business growth, intense competitive pressures in B2B and B2C segments, introduction of GST, initial hiccups in ewaybill implementation, etc. Though the transition period is expected to continue for some time into the year, as per the management, BlueDart remains committed to sustaining its strategic thrust to maintain market leadership in all segments...

Blue Dart Express Ltd. has lost -28.47% in the last 1 Year

Blue Dart Express Ltd.

06 Feb 2018

5791.00

-1.78%

Blue Dart Express

Buy: Blue Dart Express Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues de-grew 2.1% YoY (flattish QoQ) to | 704.6 (I-direct estimates: | 689.8 crore). The management believes that implementation of GST and e-way bill, though being game changers in long term, pose a set of intractable changes in the short term. Though the transition period is expected to continue for sometime into the year, Bluedart remains committed to sustain its strategic thrust to maintain market leadership in the express delivery market...

Blue Dart Express Ltd. has lost -28.47% in the last 1 Year

Is Blue Dart Express Ltd. worth buying?

108 Votes:

Buy 75.0%

Sell 13.89%

Hold 11.11%

RESEARCH REPORTS

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Buy SEE REPORTS >

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