BLUEDART - Fundamental Analysis: Financial Health & Valuation

📈 Positive

• ROCE of 18.6% and ROE of 15.0% — solid return metrics for a logistics company.
• EPS of ₹109 — strong earnings performance.
• Quarterly PAT growth of 30.8% — reflects operational efficiency and demand recovery.
• MACD positive at 109 and RSI at 83.3 — strong bullish momentum.
• Trading above DMA 50 and DMA 200 — confirms technical strength.
• Low debt-to-equity ratio of 0.28 — indicates financial discipline.

⚠️ Limitation

• P/E ratio of 60.2 vs industry average of 27.0 — significantly overvalued.
• PEG ratio of -3.58 — suggests valuation is not supported by growth.
• Book Value of ₹713 vs current price of ₹6,573 — high P/B ratio.
• Dividend yield of 0.37% — modest income for yield-focused investors.
• FII holding declined by 0.49% — reflects foreign investor caution.
• RSI above 80 — indicates overbought territory, potential for short-term correction.

📉 Company Negative News

• Stock corrected ~20.8% from its 52-week high of ₹8,304.
• FII outflows amid valuation concerns and sector rotation.

📢 Company Positive News

• Q2 PAT rose to ₹79.5 Cr from ₹46.9 Cr — strong sequential growth.
• High trading volume and MACD surge reflect strong market interest.
• Expansion in e-commerce logistics and express delivery segments driving growth.

🏭 Industry

• Logistics and express delivery sector benefits from rising e-commerce, supply chain digitization, and infrastructure push.
• Industry P/E of 27.0 — Blue Dart trades at a premium, reflecting brand strength and market leadership.
• Sector faces margin pressure due to fuel costs and competitive pricing.

🧾 Conclusion

• Business Model: Premium logistics and express delivery provider with strong brand recall and pan-India network.
• Competitive Advantage: Speed, reliability, and integration with DHL’s global network.
• Entry Zone: ₹6,000–₹6,300 — near DMA 200 and technical support.
• Long-Term Holding: Suitable for investors seeking logistics exposure with a 3–5 year horizon, mindful of valuation risks.