The shares of India’s leading logistics player which has a market share of 36 percent, are in green upon inaugurating 40 new franchisees, introducing 40 new express sales associates and regional participants across India on the occasion of its 40th anniversary.
At 11:58 a.m. the shares of Blue Dart Express Limited were trading at Rs. 6,988, up 0.78 percent from its previous day’s close price of Rs. 6,933.60 and its market capitalization is Rs. 16,567 Crores.
Blue Dart Express Limited celebrated its 40th anniversary on 19th November 2023, on this auspicious occasion it inaugurated 40 new franchisees and company-owned retail stores. Additionally, it introduced 40 new express sales associates and regional participants across the country in both formats, covering the length and breadth of the nation.
Blue Dart Express has rapidly increased its footprint with over 100+ new stores this year, enabling customers to ship to more than 56,000 locations across the country. Collaborating with DHL, it boasts a network of over 700+ retail stores throughout India, providing a reliable, resilient, and responsive service that ensures swift delivery and expanded direct access to all pin codes nationwide.
The company’s revenue from operations grew 17.27 percent from Rs. 4,410 Crores in FY22 to Rs. 5,172 Crores in FY23, accompanied by decreasing profits of Rs. 382 Crores to Rs. 370 Crores.
It has reported a return on equity (ROE) of 31.41 percent and a return on capital employed (ROCE) of 27.29 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold a 75 percent stake, the Domestic Institutional Investors hold 11.76 percent and the Foreign Institutional Investors (FII) hold 4.73 percent.
Blue Dart Express is in the business of providing door-to-door and integrated package/courier delivery services globally. It offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions, customs clearance, etc.
Written by: Bharath K.S
