Fortune India 500 2025 edition
Rank#409- Total income
- ₹5,762 Cr
- Profit
- ₹252 Cr
Last year #399
Blue Dart Express Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Listed - NSE: BLUEDART · BSE: 526612 Public Limited Company transport and logistics Fortune India 500 · #409 BSE 500
Market Cap
₹10,244 Cr
BLUEDART · NSE
Share Price
₹4,215.30
-2.35% today
Revenue
₹6,141 Cr
FY 2025-26 · +7.4% YoY
EBITDA
₹907 Cr
Margin 14.8%
Net Profit
₹262 Cr
FY 2025-26 · +15.7% YoY
P/E (TTM)
32.1x
P/B 5.9x
ROE
14.8%
ROCE 15.0%
Debt / Equity
0.64
Interest cover 23.1x
About Blue Dart Express Limited
Data last updated:
Blue Dart Express Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Dhl Express (Singapore) Pte. Ltd.. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 05 April 1991 and has been in existence for over 35 years.
Blue Dart Express is ranked #409 on the Fortune India 500 (2025). It is part of the BSE 500 index.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L61074MH1991PLC061074. Its GSTIN is 27AAACB0446L1ZS (Maharashtra). The company holds 56 GST registrations, of which 50 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 526612 and NSE: BLUEDART.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹23.73 Cr. It was formerly known as Blue Dart Express Private Limited. It is led by directors including Balfour John Manuel (Managing Director) and Subramanian Sivarama Ramachandran.
Its last annual general meeting (AGM) was held on 13 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Blue Dart Centresahar Airport Road Andheri (East), Mumbai, Maharashtra, India – 400099.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6,140.88 Cr, a growth of 7.4% compared to the previous year. For the same year it recorded a net profit of ₹261.66 Cr (net margin 4.3%) and EBITDA of ₹906.54 Cr (EBITDA margin 14.8%). The net worth stands at ₹1,776.83 Cr (up 14% YoY). Total assets are valued at ₹2,921.45 Cr (up 13.7% YoY).
The company has about 12,617 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: BlueDart and Blue Dart. As per MCA filings, the company has satisfied charges of ₹80.15 Cr on record. Court records list 676 cases involving the company, including 379 filed by the company and 298 filed against it; 178 cases are pending. The company has 15 deals on record (14 market trades, 1 acquisition); the latest was in October 2025. Its 5 peer companies in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities) are compared by revenue, 1 larger and 4 smaller; the largest is DHL Express (India) Private Limited with revenue of ₹6,559.73 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 2,141 overdue payments to 331 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluedart.com.
Company details
CIN L61074MH1991PLC061074
Registration Number 061074
Incorporation Date 05 April 1991
ROC Mumbai
Listing Status Listed - Listed on NSE (BLUEDART); Listed on BSE (526612)
Company Status Active
Date of Last AGM 13 August 2025
Date of Balance Sheet 31 March 2026
Parent Company Dhl Express (Singapore) Pte. Ltd.
Compliance Status Active Compliant
CIN history
Blue Dart Express has one previous CIN (Corporate Identification Number): U61074MH1991PLC061074. The current CIN is L61074MH1991PLC061074, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L61074MH1991PLC061074 | Current |
| U61074MH1991PLC061074 | Previous |
Key People
Balfour John Manuel Managing Director Subramanian Sivarama Ramachandran Director Florian Ulrich Bumberger Director Recognitions & Rankings of Blue Dart Express
Stock market indices
BSE 500
Contact details
Blue Dart Express Limited's registered office is in Mumbai, Maharashtra. Its website is bluedart.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlue Dart Centresahar Airport Road Andheri (East), Mumbai, Maharashtra, India – 400099
- IndustryTransport and Logistics, Express Logistics
To see the full contact details of Blue Dart Express Limited, buy the company report.
Comprehensive company report
Blue Dart Express Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Blue Dart Express operates two associated brands: BlueDart and Blue Dart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Courier and logistics services are delivered across India. | bluedart.com | |
| Courier and logistics services are provided by BlueDart across India. | bluedart-tracking.in |
Business activity
The main business activity of Blue Dart Express is transport and storage. In detail, this covers postal & courier activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H7 | Postal & Courier activities |
To see the full business activity and turnover split of Blue Dart Express Limited, buy the company report.
Financials of Blue Dart Express Limited
FY 2025-26 filings availableBlue Dart Express Limited reported revenue of ₹6,140.88 Cr (up 7.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹6,141 Cr
+7.4% YoY
EBITDA
₹907 Cr
+3.9% YoY
Profit After Tax
₹262 Cr
+15.7% YoY
Net Worth
₹1,777 Cr
+14.0% YoY
Total Assets
₹2,921 Cr
+13.7% YoY
Total Debt
₹1,142 Cr
+13.4% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,141 | 5,720 | 5,268 | 5,172 | 4,410 | 3,288 | 3,175 |
| Revenue growth | +7.4% | +8.6% | +1.9% | +17.3% | +34.1% | +3.6% | - |
| EBITDA | 907 | 873 | 853 | 937 | 964 | 660 | 410 |
| EBITDA margin | +14.8% | +15.3% | +16.2% | +18.1% | +21.9% | +20.1% | +12.9% |
| Profit before tax | 327 | 347 | 393 | 508 | 512 | 140 | (39.12) |
| Net profit | 262 | 226 | 290 | 358 | 404 | 116 | 35.49 |
| Net profit margin | +4.3% | +4.0% | +5.5% | +6.9% | +9.2% | +3.5% | +1.1% |
| EPS (₹) | 104.12 | 106.24 | 126.69 | 155.95 | 160.86 | 42.85 | (17.62) |
| Balance sheet | |||||||
| Total assets | 2,921 | 2,570 | 2,442 | 2,318 | 1,957 | 2,136 | 1,817 |
| Net worth | 1,777 | 1,559 | 1,367 | 1,180 | 872 | 592 | 491 |
| Total debt | 1,142 | 1,007 | 1,073 | 1,120 | 1,066 | 1,522 | 530 |
| Cash & bank | 239 | 167 | 166 | 95.52 | 184 | 311 | 100 |
| Net working capital | 134 | 25.03 | (39.89) | (15.89) | (2.87) | 168 | (102) |
| Cash flow | |||||||
| Cash from operations | 810 | 735 | 847 | 717 | 860 | 750 | 364 |
| Cash from investing | (315) | (300) | (375) | (514) | 11.31 | (529) | (193) |
| Cash from financing | (424) | (434) | (401) | (291) | (772) | (235) | (340) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,658 | 1,533 | 1,616 | 1,549 | 1,442 | 1,417 | 1,512 | 1,448 |
| Revenue growth (YoY) | +15.0% | +8.2% | +6.9% | +7.0% | +7.4% | - | - | - |
| Other income | 15.41 | 11.98 | 10.49 | 9.59 | 9.86 | 12.27 | 11.96 | 8.67 |
| EBITDA | 261 | 222 | 237 | 252 | 196 | 213 | 239 | 218 |
| EBITDA margin | +15.8% | +14.5% | +14.7% | +16.3% | +13.6% | +15.0% | +15.8% | +15.1% |
| Depreciation | 137 | 140 | 145 | 131 | 121 | 124 | 121 | 121 |
| Interest | 20.60 | 21.54 | 23.78 | 21.72 | 18.60 | 20.03 | 20.61 | 20.80 |
| Profit before tax | 119 | 72.53 | 78.99 | 109 | 65.93 | 81.04 | 109 | 84.91 |
| Tax | 30.55 | 23.68 | 10.66 | 27.92 | 17.10 | 25.89 | 28.25 | 22.07 |
| Net profit | 88.49 | 48.85 | 68.33 | 81.38 | 48.83 | 55.15 | 81.01 | 62.84 |
| EPS (₹) | 37.29 | 20.59 | 28.79 | 34.30 | 20.58 | 23.24 | 34.14 | 26.49 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,141 | 5,720 | 5,268 | 5,172 | 4,409 | 3,280 | 3,166 |
| Revenue growth | +7.4% | +8.6% | +1.9% | +17.3% | +34.4% | +3.6% | - |
| EBITDA | 528 | 496 | 517 | 632 | 668 | 342 | 124 |
| EBITDA margin | +8.6% | +8.7% | +9.8% | +12.2% | +15.2% | +10.4% | +3.9% |
| Profit before tax | 316 | 336 | 383 | 499 | 504 | 131 | (47.20) |
| Net profit | 254 | 218 | 277 | 354 | 398 | 112 | 26.02 |
| Net profit margin | +4.1% | +3.8% | +5.3% | +6.8% | +9.0% | +3.4% | +0.8% |
| EPS (₹) | 100.88 | 102.96 | 121.48 | 154.23 | 158.43 | 40.53 | (16.12) |
| Balance sheet | |||||||
| Total assets | 2,410 | 1,971 | 1,718 | 1,524 | 1,209 | 1,118 | 869 |
| Net worth | 1,831 | 1,623 | 1,439 | 1,260 | 955 | 679 | 584 |
| Total debt | 579 | 348 | 279 | 260 | 248 | 431 | 75.00 |
| Cash & bank | 236 | 165 | 166 | 94.76 | 183 | 308 | 98.53 |
| Net working capital | 249 | 63.33 | 98.47 | 10.94 | (17.62) | 154 | (21.36) |
| Cash flow | |||||||
| Cash from operations | 347 | 489 | 446 | 319 | 583 | 449 | 93.66 |
| Cash from investing | (17.68) | (267) | (133) | (217) | (112) | (394) | (39.46) |
| Cash from financing | (258) | (222) | (242) | (190) | (371) | (69.81) | (222) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,658 | 1,533 | 1,616 | 1,549 | 1,442 | 1,417 | 1,512 | 1,448 |
| Revenue growth (YoY) | +15.0% | +8.2% | +6.9% | +7.0% | +7.4% | - | - | - |
| Other income | 21.97 | 18.18 | 18.87 | 19.35 | 20.67 | 20.56 | 19.58 | 19.03 |
| Total expenses | 1,488 | 1,409 | 1,470 | 1,392 | 1,342 | 1,299 | 1,365 | 1,327 |
| EBITDA | 170 | 125 | 146 | 157 | 100 | 118 | 146 | 122 |
| EBITDA margin | +10.3% | +8.1% | +9.0% | +10.1% | +6.9% | +8.3% | +9.7% | +8.4% |
| Depreciation | 64.62 | 66.37 | 71.01 | 59.40 | 50.46 | 52.85 | 52.15 | 51.92 |
| Interest | 11.17 | 11.67 | 12.64 | 10.54 | 7.18 | 7.54 | 7.26 | 7.04 |
| Profit before tax | 116 | 64.74 | 81.04 | 107 | 63.18 | 78.24 | 106 | 81.95 |
| Tax | 29.71 | 21.52 | 11.00 | 27.09 | 16.25 | 25.02 | 27.25 | 21.19 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,658 | 1,533 | 1,616 | 1,549 | 1,442 | 1,417 | 1,512 | 1,448 |
| Revenue growth (YoY) | +15.0% | +8.2% | +6.9% | +7.0% | +7.4% | - | - | - |
| Other income | 15.41 | 11.98 | 10.49 | 9.59 | 9.86 | 12.27 | 11.96 | 8.67 |
| EBITDA | 261 | 222 | 237 | 252 | 196 | 213 | 239 | 218 |
| EBITDA margin | +15.8% | +14.5% | +14.7% | +16.3% | +13.6% | +15.0% | +15.8% | +15.1% |
| Depreciation | 137 | 140 | 145 | 131 | 121 | 124 | 121 | 121 |
| Interest | 20.60 | 21.54 | 23.78 | 21.72 | 18.60 | 20.03 | 20.61 | 20.80 |
| Profit before tax | 119 | 72.53 | 78.99 | 109 | 65.93 | 81.04 | 109 | 84.91 |
| Tax | 30.55 | 23.68 | 10.66 | 27.92 | 17.10 | 25.89 | 28.25 | 22.07 |
| Net profit | 88.49 | 48.85 | 68.33 | 81.38 | 48.83 | 55.15 | 81.01 | 62.84 |
| EPS (₹) | 37.29 | 20.59 | 28.79 | 34.30 | 20.58 | 23.24 | 34.14 | 26.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,141 | 5,720 | 5,268 | 5,172 | 4,410 | 3,288 | 3,175 |
| Revenue growth | +7.4% | +8.6% | +1.9% | +17.3% | +34.1% | +3.6% | - |
| Other income | 41.92 | 41.98 | 50.84 | 32.04 | 30.79 | 20.30 | 15.52 |
| Total expenses | 5,234 | 4,848 | 4,415 | 4,235 | 3,447 | 2,628 | 2,765 |
| Employee cost | 1,043 | 968 | 907 | 838 | 765 | 729 | 734 |
| EBITDA | 907 | 873 | 853 | 937 | 964 | 660 | 410 |
| EBITDA margin | +14.8% | +15.3% | +16.2% | +18.1% | +21.9% | +20.1% | +12.9% |
| Depreciation | 536 | 485 | 433 | 394 | 395 | 430 | 347 |
| Interest | 85.64 | 82.39 | 78.06 | 66.85 | 86.97 | 111 | 117 |
| Profit before tax | 327 | 347 | 393 | 508 | 512 | 140 | (39.12) |
| Tax | 79.36 | 94.82 | 91.69 | 138 | 130 | 37.98 | 2.74 |
| Net profit | 262 | 226 | 290 | 358 | 404 | 116 | 35.49 |
| Net profit margin | +4.3% | +4.0% | +5.5% | +6.9% | +9.2% | +3.5% | +1.1% |
| EPS (₹) | 104.12 | 106.24 | 126.69 | 155.95 | 160.86 | 42.85 | (17.62) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 23.76 | 23.76 | 23.76 | 23.76 | 23.76 | 23.76 | 23.76 |
| Reserves & surplus | 1,753 | 1,535 | 1,344 | 1,156 | 848 | 568 | 467 |
| Shareholders' funds (net worth) | 1,777 | 1,559 | 1,367 | 1,180 | 872 | 592 | 491 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 1,142 | 1,007 | 1,073 | 1,120 | 1,066 | 1,522 | 530 |
| Total debt | 1,142 | 1,007 | 1,073 | 1,120 | 1,066 | 1,522 | 530 |
| Total liabilities | 2,921 | 2,570 | 2,442 | 2,318 | 1,957 | 2,136 | 1,817 |
| Assets | |||||||
| Gross block | 3,984 | 3,523 | 3,475 | 2,968 | 2,691 | 2,598 | 2,371 |
| Net block | 2,035 | 1,814 | 1,823 | 1,437 | 1,437 | 1,583 | 1,665 |
| Capital work in progress | 26.91 | 76.95 | 73.86 | 439 | 69.13 | 6.68 | 18.03 |
| Investments | 413 | 386 | 307 | 171 | 207 | 150 | 0.00 |
| Inventories | 55.94 | 51.53 | 51.83 | 39.35 | 34.99 | 31.78 | 26.99 |
| Sundry debtors | 918 | 786 | 670 | 637 | 580 | 518 | 528 |
| Cash & bank balances | 239 | 167 | 166 | 95.52 | 184 | 311 | 100 |
| Loans & advances | 126 | 113 | 90.09 | 118 | 69.60 | 70.09 | 66.09 |
| Total current assets | 1,339 | 1,118 | 979 | 889 | 869 | 930 | 721 |
| Total current liabilities | 1,205 | 1,093 | 1,018 | 905 | 872 | 762 | 824 |
| Net working capital | 134 | 25.03 | (39.89) | (15.89) | (2.87) | 168 | (102) |
| Total assets | 2,921 | 2,570 | 2,442 | 2,318 | 1,957 | 2,136 | 1,817 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 166 | 165 | 93.75 | 183 | 83.51 | 97.51 | 266 |
| Net cash from operating activities | 810 | 735 | 847 | 717 | 860 | 750 | 364 |
| Net cash from investing activities | (315) | (300) | (375) | (514) | 11.31 | (529) | (193) |
| Net cash from financing activities | (424) | (434) | (401) | (291) | (772) | (235) | (340) |
| Net change in cash | 71.68 | 1.71 | 70.86 | (88.80) | 99.04 | (14.00) | (169) |
| Closing cash | 239 | 167 | 166 | 95.52 | 184 | 311 | 100 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.4% | +8.6% | +1.9% | +17.3% | +34.1% | +3.6% | - |
| EBITDA growth | +3.9% | +2.3% | -9.0% | -2.7% | +45.9% | +61.1% | - |
| PBT growth | -5.9% | -11.6% | -22.7% | -0.8% | +266.5% | +9998.0% | - |
| Net income growth | +15.7% | -21.9% | -19.1% | -11.3% | +248.6% | +226.5% | - |
| Revenue CAGR (3Y) | +5.9% | +9.1% | +17.0% | +17.7% | +11.6% | +5.5% | +5.7% |
| EBITDA CAGR (3Y) | -1.1% | -3.3% | +8.9% | +31.7% | +50.0% | +23.4% | +6.3% |
| Profitability & leverage | |||||||
| Net income margin | +4.0% | +4.4% | +5.7% | +7.2% | +8.7% | +3.1% | -1.3% |
| Return on capital employed | +15.0% | +17.1% | +19.8% | +26.9% | +29.3% | +13.8% | +9.6% |
| Return on net worth | +14.8% | +17.3% | +23.6% | +36.1% | +52.2% | +21.4% | +6.6% |
| Debt / equity | 0.64 | 0.71 | 0.86 | 1.07 | 1.77 | 1.90 | 1.03 |
| Long-term debt / equity | 0.43 | 0.47 | 0.59 | 0.77 | 1.13 | 1.30 | 0.78 |
| Interest cover | 23.12 | 21.25 | 18.59 | 12.31 | 15.30 | 48.15 | 187.09 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.64 | 1.63 | 1.64 | 1.83 | 1.67 | 1.32 | 1.87 |
| Inventory turnover | 114.28 | 110.68 | 115.55 | 139.15 | 132.11 | 111.90 | 119.82 |
| Debtors turnover | 7.21 | 7.85 | 8.06 | 8.50 | 8.03 | 6.29 | 6.23 |
| EPS (₹) | 104.12 | 106.24 | 126.69 | 155.95 | 160.86 | 42.85 | (17.62) |
| Dividend per share (₹) | 25.00 | 25.00 | 25.00 | 30.00 | 60.00 | 15.00 | 0.00 |
| Book value per share (₹) | 747.82 | 656.16 | 575.45 | 496.45 | 367.00 | 249.14 | 206.58 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,658 | 1,533 | 1,616 | 1,549 | 1,442 | 1,417 | 1,512 | 1,448 |
| Revenue growth (YoY) | +15.0% | +8.2% | +6.9% | +7.0% | +7.4% | - | - | - |
| Other income | 21.97 | 18.18 | 18.87 | 19.35 | 20.67 | 20.56 | 19.58 | 19.03 |
| Total expenses | 1,488 | 1,409 | 1,470 | 1,392 | 1,342 | 1,299 | 1,365 | 1,327 |
| EBITDA | 170 | 125 | 146 | 157 | 100 | 118 | 146 | 122 |
| EBITDA margin | +10.3% | +8.1% | +9.0% | +10.1% | +6.9% | +8.3% | +9.7% | +8.4% |
| Depreciation | 64.62 | 66.37 | 71.01 | 59.40 | 50.46 | 52.85 | 52.15 | 51.92 |
| Interest | 11.17 | 11.67 | 12.64 | 10.54 | 7.18 | 7.54 | 7.26 | 7.04 |
| Profit before tax | 116 | 64.74 | 81.04 | 107 | 63.18 | 78.24 | 106 | 81.95 |
| Tax | 29.71 | 21.52 | 11.00 | 27.09 | 16.25 | 25.02 | 27.25 | 21.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,141 | 5,720 | 5,268 | 5,172 | 4,409 | 3,280 | 3,166 |
| Revenue growth | +7.4% | +8.6% | +1.9% | +17.3% | +34.4% | +3.6% | - |
| Other income | 77.07 | 78.29 | 71.84 | 50.54 | 28.47 | 20.98 | 14.01 |
| Total expenses | 5,613 | 5,225 | 4,750 | 4,540 | 3,741 | 2,937 | 3,043 |
| Employee cost | 805 | 737 | 708 | 650 | 590 | 567 | 574 |
| EBITDA | 528 | 496 | 517 | 632 | 668 | 342 | 124 |
| EBITDA margin | +8.6% | +8.7% | +9.8% | +12.2% | +15.2% | +10.4% | +3.9% |
| Depreciation | 247 | 209 | 187 | 167 | 169 | 201 | 153 |
| Interest | 42.03 | 28.79 | 19.27 | 17.42 | 24.10 | 31.72 | 32.14 |
| Profit before tax | 316 | 336 | 383 | 499 | 504 | 131 | (47.20) |
| Tax | 75.86 | 91.24 | 94.15 | 132 | 127 | 34.74 | (8.91) |
| Net profit | 254 | 218 | 277 | 354 | 398 | 112 | 26.02 |
| Net profit margin | +4.1% | +3.8% | +5.3% | +6.8% | +9.0% | +3.4% | +0.8% |
| EPS (₹) | 100.88 | 102.96 | 121.48 | 154.23 | 158.43 | 40.53 | (16.12) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 23.76 | 23.76 | 23.76 | 23.76 | 23.76 | 23.76 | 23.76 |
| Reserves & surplus | 1,807 | 1,600 | 1,415 | 1,237 | 931 | 655 | 560 |
| Shareholders' funds (net worth) | 1,831 | 1,623 | 1,439 | 1,260 | 955 | 679 | 584 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 579 | 348 | 279 | 260 | 248 | 431 | 75.00 |
| Total debt | 579 | 348 | 279 | 260 | 248 | 431 | 75.00 |
| Total liabilities | 2,410 | 1,971 | 1,718 | 1,524 | 1,209 | 1,118 | 869 |
| Assets | |||||||
| Gross block | 1,519 | 1,179 | 1,232 | 1,110 | 999 | 971 | 898 |
| Net block | 879 | 612 | 541 | 483 | 432 | 494 | 562 |
| Capital work in progress | 0.35 | 3.19 | 2.50 | 25.87 | 18.60 | 3.27 | 4.28 |
| Investments | 557 | 530 | 451 | 315 | 351 | 294 | 144 |
| Inventories | 8.81 | 8.68 | 8.60 | 7.84 | 7.01 | 5.82 | 3.73 |
| Sundry debtors | 916 | 785 | 668 | 635 | 579 | 515 | 525 |
| Cash & bank balances | 236 | 165 | 166 | 94.76 | 183 | 308 | 98.53 |
| Loans & advances | 195 | 165 | 113 | 82.44 | 38.11 | 44.33 | 43.97 |
| Total current assets | 1,356 | 1,123 | 956 | 820 | 807 | 873 | 671 |
| Total current liabilities | 1,107 | 1,060 | 857 | 809 | 824 | 718 | 692 |
| Net working capital | 249 | 63.33 | 98.47 | 10.94 | (17.62) | 154 | (21.36) |
| Total assets | 2,410 | 1,971 | 1,718 | 1,524 | 1,209 | 1,118 | 869 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 164 | 164 | 92.99 | 181 | 80.72 | 96.04 | 264 |
| Net cash from operating activities | 347 | 489 | 446 | 319 | 583 | 449 | 93.66 |
| Net cash from investing activities | (17.68) | (267) | (133) | (217) | (112) | (394) | (39.46) |
| Net cash from financing activities | (258) | (222) | (242) | (190) | (371) | (69.81) | (222) |
| Net change in cash | 71.01 | (0.26) | 71.17 | (88.13) | 100 | (15.32) | (168) |
| Closing cash | 236 | 165 | 166 | 94.76 | 183 | 308 | 98.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.4% | +8.6% | +1.9% | +17.3% | +34.4% | +3.6% | - |
| EBITDA growth | +6.5% | -4.2% | -18.2% | -5.3% | +95.0% | +176.8% | - |
| PBT growth | -6.1% | -12.3% | -23.3% | -1.0% | +284.2% | +9998.0% | - |
| Net income growth | +16.5% | -21.3% | -21.7% | -11.2% | +255.5% | +330.7% | - |
| Revenue CAGR (3Y) | +5.9% | +9.1% | +17.1% | +17.8% | +11.7% | +5.5% | +5.7% |
| EBITDA CAGR (3Y) | -5.8% | -9.5% | +14.8% | +72.2% | +56.7% | +9.6% | -22.4% |
| Profitability & leverage | |||||||
| Net income margin | +3.9% | +4.3% | +5.5% | +7.1% | +8.5% | +2.9% | -1.2% |
| Return on capital employed | +16.3% | +19.8% | +24.8% | +37.8% | +45.3% | +18.6% | +5.8% |
| Return on net worth | +13.9% | +16.0% | +21.4% | +33.1% | +46.1% | +17.8% | +4.2% |
| Debt / equity | 0.27 | 0.20 | 0.20 | 0.23 | 0.42 | 0.40 | 0.18 |
| Long-term debt / equity | 0.19 | 0.13 | 0.12 | 0.13 | 0.22 | 0.21 | 0.10 |
| Interest cover | 14.98 | 10.05 | 5.84 | 3.74 | 4.83 | 22.37 | -110.56 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.55 | 4.74 | 4.50 | 4.90 | 4.48 | 3.51 | 4.82 |
| Inventory turnover | 702.22 | 662.06 | 640.86 | 696.60 | 687.30 | 686.85 | 658.29 |
| Debtors turnover | 7.22 | 7.87 | 8.08 | 8.52 | 8.06 | 6.31 | 6.25 |
| EPS (₹) | 100.88 | 102.96 | 121.48 | 154.23 | 158.43 | 40.53 | (16.12) |
| Dividend per share (₹) | 25.00 | 25.00 | 30.00 | 30.00 | 60.00 | 15.00 | 0.00 |
| Book value per share (₹) | 770.68 | 683.21 | 605.48 | 530.45 | 401.89 | 285.85 | 245.58 |
To see the full year-wise statements and ratios of Blue Dart Express Limited, buy the company report.
Board of directors of Blue Dart Express Limited
Blue Dart Express has 6 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balfour John Manuel Also directs: Express Industry Council of India, Blue Dart Aviation Limited | Managing Director | 31 Jul 2019 | 7 Years 2 Months | Current |
| Subramanian Sivarama Ramachandran | Director | 27 Mar 2019 | 7 Years 6 Months | Current |
| Florian Ulrich Bumberger | Director | 24 Feb 2021 | 5 Years 8 Months | Current |
| Sebastian Paebens | Director | 26 May 2025 | 1 Years 4 Months | Current |
| Kavita Nair | Director | 26 Mar 2019 | 7 Years 6 Months | Current |
| Vandana Aggarwal | Director | 23 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Blue Dart Express Limited is compared with the 5 companies closest to it by revenue in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| DHL Express (India) Private Limited | ₹6,559.73 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Blue Dart Express Limitedthis company | ₹6,140.88 Cr (FY 2026) | ₹261.66 Cr | 4.3% | 7.4% | 12,617 | Mumbai, Maharashtra, India |
| Fedex Express Transportation and Supply Chain Services (India) Private Limited | ₹4,664.6 Cr (FY 2025) | 48.0% | Mumbai, Maharashtra, India | |||
| Busybees Logistics Solutions Private Limited | ₹2,960.86 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| DTDC Express Limited | ₹2,471.65 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India | |||
| Ecom Express Limited | ₹2,407.75 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India |
To see the full peer comparison of Blue Dart Express Limited, buy the company report.
Auditor
Blue Dart Express Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2024 | 117366W/W-100018 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 3.40%, domestic institutional investors hold 14.40% and retail and other public shareholders hold 7.20%.
Sep 2026
QUARTER
75.00% Promoters
14.40% DII (Domestic Institutional)
3.40% FII (Foreign Institutional)
7.20% Retail & Others
Promoter holding - history
Now 75.00% · Sep 2026High 75.00% · Dec 2025Low 75.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% |
| Public | 25.00% | 25.00% | 25.00% | 25.00% |
Charges & borrowings
Open charges
None
Satisfied charges
₹80.15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2006 | 80011991 | Idbi Bank | ₹12 Cr | Satisfied | |
| 17 Jun 2004 | 80018519 | Citi Bank N.A | ₹20 Cr | Satisfied | |
| 05 Nov 2003 | 80013196 | Industrial Development Bank of India Limited | ₹12 Cr | Satisfied | |
| 14 Nov 1998 | 80022773 | Canara Bank | ₹8.1 Cr | Satisfied | |
| 14 Nov 1998 | 80022775 | Icici Bank | ₹12 Cr | Satisfied |
To see the full charge records of Blue Dart Express Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Blue Dart Express Limited has 15 deals on record (14 market trades, 1 acquisition); the latest was in October 2025.
Total deals
15
Market trades
14
Acquisition
1
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Market trade | ₹100.5 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Oct 2025 | Market trade | ₹73.23 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2025 | Market trade | ₹71.56 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| May 2009 | Market trade | ₹22.5 Cr | Buyer: Bright Star Investments Private Limited Seller: Derive Trading and Resorts Private Limited |
| Nov 2008 | Market trade | ₹20.02 Cr | Buyer: Derive Trading and Resorts Private Limited Seller: Aruna Fund Ltd Sub A/C. Of Notz Stucki Et Cie S A |
To see the full deal history of Blue Dart Express Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Blue Dart Express Limited has 676 court cases on record: 379 filed by Blue Dart Express, 298 filed against it. 178 cases are pending and 498 are disposed.
Total cases
676
Filed by the company
379
Filed against the company
298
Pending
178
Disposed
498
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 508 | 216 | 143 |
| High courts | 160 | 76 | 34 |
| Supreme Court | 8 | 6 | 1 |
Cases on record (5 of 676)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed against the company by Icici Bank Ltd. | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by Northern Lights Ventures Private Limited | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by M/S. Imagenous Engineering Pvt.Ltd. Through Its Authorized Signatory Digneshkumar Shah | Pending |
| Madras High Court | Appeal | Filed by the company against Tata Aig General Insurance Company Limited and 1 other | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Tata Aig General Insurance Company Limited and 1 other | Pending |
To see the full case history of Blue Dart Express Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Blue Dart Express Limited was last rated by Icra on 29 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Dec 2021 |
To see the full credit ratings and regulatory alerts of Blue Dart Express Limited, buy the company report.
MSME payment delays
Blue Dart Express Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 2,141 overdue payments to 331 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 331)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Joint Market Project | |||
| an individual supplier | |||
| Logiq Labs Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Blue Dart Express Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Blue Dart Express has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Blue Dart Aviation Limited | U35303MH1994PLC078691 | |
| Concorde Air Logistics Limited | U60230MH2004PLC146141 |
To see the full group structure of Blue Dart Express Limited, buy the company report.
Employees & EPFO
Blue Dart Express Limited has a workforce of 12,617 employees on its EPFO records as of Sep 24, 2024, across 3 active EPFO establishments.
Employee count
12,617
Active EPFO establishments
3
Employee growth
0.67%
GST
Blue Dart Express has 56 GST registrations: 50 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
56
Active
50
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB0446L1ZS | Maharashtra | Active | 01 Jul 2017 |
| 27AAACB0446L2ZR | Maharashtra | Active | 02 Jul 2017 |
| 27AAACB0446L3ZQ | Maharashtra | Active | 15 Apr 2020 |
| 02AAACB0446L1Z4 | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Blue Dart Express Limited, buy the company report.
Recent activity
Blue Dart Express Limited has 63 board changes on record since 1991: 36 appointments and 27 cessations. The latest: Sagar Madhusudan Patil was appointed as CFO on 20 Jun 2025.
Filing
Blue Dart Express Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Blue Dart Express Limited last Annual general meeting of members was held on 13 Aug 2025 as per latest MCA records.
Appointed
Sagar Madhusudan Patil was appointed as CFO.
Appointed
Sebastian Paebens was appointed as Director.
Ceased
Sudha Bhalchandra Pai ceased to be CFO.
Ceased
Michael Mcmahon ceased to be Director.
Appointed
Vandana Aggarwal was appointed as Director.
Ceased
Sharad Pandurang Upasani ceased to be Director.
Ceased
Vaidhyanathan Narayan Iyer ceased to be CFO.
Ceased
Tulsi Nowlakha Mirchandaney ceased to be Director.
Ceased
Padmini Bhalchandra Khare ceased to be Director.
Appointed
Sudha Bhalchandra Pai was appointed as CFO.
68 earlier events are in the company report.
News
Blue Dart Express: Signs MOU With NCRTC To Study Parcel Movement On Delhi-Meerut Corridor For Better Logistics Solutions.
Blue Dart Express: To Raise Prices By 9-12% For Domestic Services Starting January 1, 2027.
Frequently asked questions
Blue Dart Express is an active public limited company based in Mumbai, Maharashtra, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 05 April 1991 (35+ years old) and is registered under CIN L61074MH1991PLC061074. Listed on BSE: 526612 and NSE: BLUEDART.
Blue Dart Express reported revenue of ₹6,140.88 Cr for FY 2025-26 (up 7.4% YoY) based on consolidated financials.
Blue Dart Express has 6 current directors:
- Balfour John Manuel - Managing Director
- Subramanian Sivarama Ramachandran - Director
- Florian Ulrich Bumberger - Director
- Sebastian Paebens - Director
- Kavita Nair - Director
- Vandana Aggarwal - Director
The latest financial statements of Blue Dart Express on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 13 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Blue Dart Express is 27AAACB0446L1ZS, registered in Maharashtra. The company has 56 GST registrations in all, of which 50 are active and 6 are cancelled or inactive. Other active GSTINs include 27AAACB0446L2ZR (Maharashtra), 27AAACB0446L3ZQ (Maharashtra), 02AAACB0446L1Z4 (Himachal Pradesh).
The CIN (Corporate Identification Number) of Blue Dart Express is L61074MH1991PLC061074. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Blue Dart Express is a listed company as per MCA records. Its shares are listed on both BSE (code: 526612) and NSE (symbol: BLUEDART).
Blue Dart Express has 676 court cases on record: 379 filed by the company and 298 filed against it. 178 are pending. Most are in the district courts.
Blue Dart Express was incorporated on 05 April 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Blue Dart Express has 15 deals on record (14 market trades, 1 acquisition); the latest was in October 2025.
The peers of Blue Dart Express by revenue are DHL Express (India) Private Limited, Fedex Express Transportation and Supply Chain Services (India) Private Limited, Busybees Logistics Solutions Private Limited, DTDC Express Limited, Ecom Express Limited, all in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities).
Sagar Madhusudan Patil was appointed as CFO on 20 Jun 2025. Sebastian Paebens was appointed as Director on 26 May 2025. Sudha Bhalchandra Pai ceased to be CFO on 30 Apr 2025. Blue Dart Express has 63 board changes on record in total.