Blue Dart Express Limited
Blue Dart Express Limited provides courier and express services in India. It provides day-definite and time-definite delivery schedules across air and ground network under the Domestic Priority, Dart Apex, Dart Surfaceline, and Dart Plus names; and door-to-door ground distribution service under the Dart Surfaceline name. The company also offers air freight services between the airports of Kolkata… Read more
Blue Dart Express Limited (BLUEDART) - Net Assets
Latest net assets as of September 2025: ₹16.31 Billion INR
Based on the latest financial reports, Blue Dart Express Limited (BLUEDART) has net assets worth ₹16.31 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹38.21 Billion) and total liabilities (₹21.90 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹16.31 Billion |
| % of Total Assets | 42.69% |
| Annual Growth Rate | 12.6% |
| 5-Year Change | 163.37% |
| 10-Year Change | 308.23% |
| Growth Volatility | 19.87 |
Blue Dart Express Limited - Net Assets Trend (2004–2025)
This chart illustrates how Blue Dart Express Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Blue Dart Express Limited (2004–2025)
The table below shows the annual net assets of Blue Dart Express Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹15.59 Billion | +14.03% |
| 2024-03-31 | ₹13.67 Billion | +15.91% |
| 2023-03-31 | ₹11.80 Billion | +35.27% |
| 2022-03-31 | ₹8.72 Billion | +47.31% |
| 2021-03-31 | ₹5.92 Billion | +20.60% |
| 2020-03-31 | ₹4.91 Billion | -15.04% |
| 2019-03-31 | ₹5.78 Billion | +8.63% |
| 2018-03-31 | ₹5.32 Billion | +23.83% |
| 2017-03-31 | ₹4.29 Billion | +12.46% |
| 2016-03-31 | ₹3.82 Billion | +24.29% |
| 2015-03-31 | ₹3.07 Billion | -52.21% |
| 2014-03-31 | ₹6.43 Billion | -6.05% |
| 2013-03-31 | ₹6.84 Billion | +3.11% |
| 2012-03-31 | ₹6.64 Billion | +21.77% |
| 2011-03-31 | ₹5.45 Billion | +20.29% |
| 2010-03-31 | ₹4.53 Billion | +14.80% |
| 2009-03-31 | ₹3.95 Billion | +23.53% |
| 2008-03-31 | ₹3.20 Billion | +27.22% |
| 2007-03-31 | ₹2.51 Billion | +23.83% |
| 2006-03-31 | ₹2.03 Billion | +24.82% |
| 2005-03-31 | ₹1.62 Billion | +25.88% |
| 2004-03-31 | ₹1.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Dart Express Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1433760000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹14.34 Billion | 91.96% |
| Common Stock | ₹237.60 Million | 1.52% |
| Other Comprehensive Income | ₹667.70 Million | 4.28% |
| Other Components | ₹347.50 Million | 2.23% |
| Total Equity | ₹15.59 Billion | 100.00% |
Blue Dart Express Limited Competitors by Market Cap
The table below lists competitors of Blue Dart Express Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JINS HOLDINGS INC.
F:5F3
|
$333.84 Million |
|
Orange County Bancorp Inc
NASDAQ:OBT
|
$333.88 Million |
|
Longjian Road & Bridge Co Ltd
SHG:600853
|
$333.96 Million |
|
EirGenix Inc.
TW:6589
|
$334.08 Million |
|
Chrysos Corporation Ltd
AU:C79
|
$333.68 Million |
|
Multipolar Technology Tbk
JK:MLPT
|
$333.67 Million |
|
Universal Store Holdings Ltd
AU:UNI
|
$333.66 Million |
|
FORTERRA PLC LS -01
F:F0T
|
$333.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Dart Express Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,672,700,000 to 15,590,400,000, a change of 1,917,700,000 (14.0%).
- Net income of 2,524,200,000 contributed positively to equity growth.
- Dividend payments of 593,200,000 reduced retained earnings.
- Other comprehensive income increased equity by 639,800,000.
- Other factors decreased equity by 653,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹2.52 Billion | +16.19% |
| Dividends Paid | ₹593.20 Million | -3.8% |
| Other Comprehensive Income | ₹639.80 Million | +4.1% |
| Other Changes | ₹-653.10 Million | -4.19% |
| Total Change | ₹- | 14.03% |
Book Value vs Market Value Analysis
This analysis compares Blue Dart Express Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.84x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 94.63x to 7.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹54.40 | ₹5148.50 | x |
| 2005-03-31 | ₹68.48 | ₹5148.50 | x |
| 2006-03-31 | ₹85.48 | ₹5148.50 | x |
| 2007-03-31 | ₹105.85 | ₹5148.50 | x |
| 2008-03-31 | ₹134.66 | ₹5148.50 | x |
| 2009-03-31 | ₹166.35 | ₹5148.50 | x |
| 2010-03-31 | ₹190.96 | ₹5148.50 | x |
| 2011-03-31 | ₹229.71 | ₹5148.50 | x |
| 2012-03-31 | ₹279.73 | ₹5148.50 | x |
| 2013-03-31 | ₹278.12 | ₹5148.50 | x |
| 2014-03-31 | ₹270.97 | ₹5148.50 | x |
| 2015-03-31 | ₹129.49 | ₹5148.50 | x |
| 2016-03-31 | ₹160.95 | ₹5148.50 | x |
| 2017-03-31 | ₹181.00 | ₹5148.50 | x |
| 2018-03-31 | ₹224.13 | ₹5148.50 | x |
| 2019-03-31 | ₹243.48 | ₹5148.50 | x |
| 2020-03-31 | ₹206.86 | ₹5148.50 | x |
| 2021-03-31 | ₹249.48 | ₹5148.50 | x |
| 2022-03-31 | ₹367.50 | ₹5148.50 | x |
| 2023-03-31 | ₹497.12 | ₹5148.50 | x |
| 2024-03-31 | ₹576.23 | ₹5148.50 | x |
| 2025-03-31 | ₹657.05 | ₹5148.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Dart Express Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.19%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.41%
- • Asset Turnover: 1.56x
- • Equity Multiplier: 2.35x
- Recent ROE (16.19%) is below the historical average (23.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 20.84% | 7.59% | 1.24x | 2.21x | ₹139.91 Million |
| 2005 | 23.11% | 8.17% | 1.59x | 1.78x | ₹213.09 Million |
| 2006 | 21.88% | 10.65% | 1.32x | 1.56x | ₹241.03 Million |
| 2007 | 20.36% | 7.62% | 1.92x | 1.39x | ₹260.14 Million |
| 2008 | 22.21% | 8.76% | 1.88x | 1.35x | ₹390.23 Million |
| 2009 | 19.70% | 7.97% | 1.91x | 1.29x | ₹383.02 Million |
| 2010 | 13.47% | 6.73% | 1.56x | 1.28x | ₹157.05 Million |
| 2011 | 17.37% | 8.24% | 1.65x | 1.28x | ₹401.51 Million |
| 2012 | 18.71% | 8.32% | 1.77x | 1.27x | ₹578.17 Million |
| 2013 | 23.43% | 8.90% | 1.65x | 1.59x | ₹886.33 Million |
| 2014 | 19.07% | 6.33% | 2.06x | 1.46x | ₹583.04 Million |
| 2015 | 42.09% | 5.69% | 2.30x | 3.22x | ₹986.04 Million |
| 2016 | 51.38% | 7.66% | 2.02x | 3.32x | ₹1.58 Billion |
| 2017 | 32.56% | 5.20% | 1.92x | 3.26x | ₹968.92 Million |
| 2018 | 27.21% | 5.17% | 1.86x | 2.83x | ₹915.29 Million |
| 2019 | 15.54% | 2.83% | 1.75x | 3.14x | ₹319.88 Million |
| 2020 | -8.53% | -1.32% | 1.20x | 5.38x | ₹-909.43 Million |
| 2021 | 17.20% | 3.10% | 1.13x | 4.89x | ₹426.14 Million |
| 2022 | 43.83% | 8.67% | 1.56x | 3.24x | ₹2.95 Billion |
| 2023 | 31.41% | 7.16% | 1.60x | 2.73x | ₹2.53 Billion |
| 2024 | 22.02% | 5.71% | 1.52x | 2.53x | ₹1.64 Billion |
| 2025 | 16.19% | 4.41% | 1.56x | 2.35x | ₹965.16 Million |
Industry Comparison
This section compares Blue Dart Express Limited's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $14,766,157,419
- Average return on equity (ROE) among peers: 12.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Dart Express Limited (BLUEDART) | ₹16.31 Billion | 20.84% | 1.34x | $333.76 Million |
| Accuracy Shipping Limited (ACCURACY) | $735.93 Million | 5.53% | 1.45x | $2.50 Million |
| Allcargo Logistics Limited (ALLCARGO) | $19.82 Billion | 8.65% | 0.72x | $40.62 Million |
| Arshiya Limited (ARSHIYA) | $33.73 Million | 4.42% | 0.38x | $3.52 Million |
| Allcargo Terminals Ltd (ATL) | $154.47 Million | 19.84% | 11.16x | $12.62 Million |
| AVG Logistics Limited (AVG) | $220.53 Million | 20.43% | 2.79x | $17.26K |
| Delhivery Limited (DELHIVERY) | $91.45 Billion | -2.72% | 0.25x | $2.75 Billion |
| Future Supply Chain Solutions Limited (FSC) | $2.39 Billion | 19.23% | 0.44x | $764.81K |
| Gateway Distriparks Limited (GATEWAY) | $17.88 Billion | 13.41% | 0.40x | $275.16 Million |
| Jet Freight Logistics Limited (JETFREIGHT) | $213.79 Million | 24.55% | 2.51x | $4.55 Million |