While most of the stocks are hitting rock bottom levels, shares of Blue Dart Express, a courier and express services company hit a 10-year high of ₹7,880 in Thursday's trade. The stock ended at Rs. 7,824.90 on the BSE in Friday's trade, up 0.29 per cent.
Currently, the stock is trading 46% above its 52-week low of Rs. 5,306.5. The stock has delivered a return of 22.92 per cent in the last six months and a return of 33.35 per cent in the last one year.
On the technical front, the stock is trading higher than the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 200-day moving averages.
The market capitalization of Blue Dart Express stands at ₹18,626.43 crore. It has a P/E of 48.24 and an EPS of ₹161.08.
Furthermore, the stock gained more than 23.45% in the last six months, in contrast to the movement in the Nifty500 index which has declined by nearly 10.40% in the same period.
Over the last 3 years, the market price of the stock has zoomed by 191.36 per cent.
The company delivered a robust performance over the last several quarters, despite a steep rise in fuel prices.
Blue Dart Express grew its EBIT margin by 124% and net profit margin by 275.41% over the last 12 months. Furthermore, it reported a record EBITDA margin of 23.20%.
In Q4 2022, Blue Dart Express reported an increase of 52.18 per cent in its consolidated net profit at ₹136.97 crore as against a net profit of ₹90 crore in the January-March quarter a year ago.
The revenue from operations rose 20.14 per cent to ₹1,165.91 crore as against ₹968.28 crore in the corresponding quarter of the preceding fiscal.
For the fiscal year ended March 31, 2022, Blue Dart Express has reported an almost four-fold jump in its consolidated net profit at ₹382.21 crore. It reported a net profit of ₹101.81 crore in FY21.
Its operating revenue increased 34.12 per cent year on year to ₹4,410.49 crore. It was ₹3,288.13 crore in the financial year 2020-21.
The company delivered an ROE of 43.83% in the year ending March 31, 2022, outperforming its 5-year average of 22.08% and its annual revenue growth of 34.12% outperformed its 3-year CAGR of 11.5%.
The company saw its FIIs holdings rise from 2.0% in March 2021 to 3.3% in March 2022. While the promoters hold 75 per cent of the shares in the company, Mutual funds hold 3.69 per cent of the shares, and regular shareholders own 12.23 per cent.
An average of 08 analysts polled by MintGenie have a 'buy' call on the stock.
