This logistics company delivered 260% returns to its investors in the last 2.5 years!

resr 5paisa Research Team

Last Updated: 7th September 2023 - 05:09 pm

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An investment of Rs 1 lakh in the shares of this company two and a half years ago would have turned to Rs 3.61 lakh today.

Blue Dart Express Ltd, an S&P BSE 500 company, has delivered multibagger returns to its shareholders in the last two and a half years. During this period, the company’s share price jumped from Rs 2079.65 on 02 June 2020 to Rs 7511.90 on 06 December 2022, an increase of 261% in the holding period.

An investment of Rs 1 lakh in the shares of this company two and a half years ago would have turned to Rs 3.61 lakh today.

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue increased by 17.95% YoY to Rs 1325.28 crore. Owing to a steeper growth in expenses, the bottom line increased by only 3.41% YoY to Rs 93.64 crore.

Blue Dart Express Limited is South Asia's premier express air and integrated transportation & distribution company. The company offers secure and reliable delivery of consignments in India. As part of the DPDHL Group’s (DHL Express, DHL Global Forwarding & DHL Supply Chain) Post - E-commerce - Parcel (PeP) division, Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering several countries and territories and offers the entire spectrum of distribution services including air express, freight forwarding, supply chain solutions and customs clearance.

The company is currently trading at a TTM PE of 37.70x. In FY22, the company delivered an ROE & ROCE of 52% and 53% respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 17,917.56 crore.

Today, the scrip opened at Rs 7545 and has touched a high and low of Rs 7590.75 and Rs 7512.50, respectively. So far 422 shares have been traded on the bourses.

At 11.38 am, the shares of Blue Dart Express Ltd were trading at Rs 7527.65, an increase of 0.21% from the previous day’s closing price of Rs 7511.90 on BSE. The stock has a 52-week high and low of Rs 9,639.45 and Rs 5,428.45, respectively on BSE.

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