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BLUEDART - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.9

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.9

Stock Code BLUEDART Market Cap 12,454 Cr. Current Price 5,247 ₹ High / Low 7,225 ₹
Stock P/E 43.4 Book Value 713 ₹ Dividend Yield 0.48 % ROCE 18.6 %
ROE 15.0 % Face Value 10.0 ₹ DMA 50 5,509 ₹ DMA 200 5,849 ₹
Chg in FII Hold -0.90 % Chg in DII Hold 0.49 % PAT Qtr 108 Cr. PAT Prev Qtr 79.5 Cr.
RSI 38.6 MACD -116 Volume 7,128 Avg Vol 1Wk 9,561
Low price 5,028 ₹ High price 7,225 ₹ PEG Ratio -2.58 Debt to equity 0.28
52w Index 9.95 % Qtr Profit Var 35.9 % EPS 105 ₹ Industry PE 21.0

📊 Financials

  • Revenue Growth: PAT improved from 79.5 Cr. to 108 Cr. (+35.9% QoQ)
  • Profit Margins: EPS at 105 ₹, consistent with scale
  • Debt Ratios: Debt-to-Equity 0.28, moderate leverage
  • Cash Flows: Supported by logistics demand, but cyclical
  • Return Metrics: ROE 15.0%, ROCE 18.6% — decent efficiency

💹 Valuation

  • P/E Ratio: 43.4 (premium vs Industry PE 21.0)
  • P/B Ratio: ~7.4 (high, reflects brand strength)
  • PEG Ratio: -2.58 (negative, indicates weak growth outlook)
  • Intrinsic Value: Current price (5,247 ₹) below DMA 50 (5,509 ₹) & DMA 200 (5,849 ₹), showing technical weakness

🏢 Business Model & Competitive Advantage

  • Leading logistics and courier company with strong brand recognition
  • Competitive advantage in express delivery and distribution network
  • Strong presence in e-commerce logistics
  • Profitability metrics moderate compared to valuation

📈 Entry Zone Recommendation

  • Entry Zone: 5,100–5,250 ₹ (near support levels, RSI at 38.6)
  • Long-Term Holding: Suitable for investors seeking logistics exposure, but valuations are stretched

✅ Positive

  • Quarterly PAT growth (+35.9%)
  • Strong brand presence in logistics sector
  • DII holding increased (+0.49%)
  • Moderate debt-to-equity ratio (0.28)

⚠️ Limitation

  • High P/E ratio compared to industry
  • Negative PEG ratio (-2.58), weak growth outlook
  • Stock trading below DMA 50 & 200, showing weakness

📉 Company Negative News

  • FII holding decreased (-0.90%)
  • Technical weakness with MACD negative (-116)

📈 Company Positive News

  • DII holding increased (+0.49%)
  • Quarterly PAT improved significantly

🏭 Industry

  • Logistics industry growing with e-commerce and supply chain demand
  • Industry PE at 21.0, Blue Dart trades at a premium

🔎 Conclusion

Blue Dart is a leading logistics company with strong brand equity and consistent profitability. However, valuations are stretched with a P/E of 43.4 and negative PEG ratio, indicating muted growth prospects. Entry around 5,100–5,250 ₹ is favorable for long-term investors seeking logistics exposure, but caution is advised due to weak technicals and premium valuation.

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