Buy Blue Dart Express; target of Rs 8250: Motilal Oswal

Motilal Oswal is bullish on Blue Dart Express recommended buy rating on the stock with a target price of Rs 8250 in its research report dated July 14, 2023.

Broker Research

July 17, 2023 / 12:21 IST

Buy

26 Aug, 2025 12:21

Volume

Todays L/H

Motilal Oswal's research report on Blue Dart Express

BDE holds a significant market share of ~60% in the organized Air Express segment. This places the company in a favourable position to capitalize on the various business prospects available within the Express logistics industry. The Surface segment accounts for ~35% of BDE's total revenue. This segment is experiencing robust growth, with double-digit expansion, surpassing the high single-digit growth observed in the Air segment. BDE provides the e-commerce industry with highly efficient solutions, which include enabling digital payments through 16+ different digital wallets on their courier handheld machines. Additionally, the company accepts credit and debit cards, offering convenient payment choices for their customers.

Outlook

We expect BDE to clock a CAGR of 14%/21%/28% in revenue/EBITDA/PAT in FY23-25. We reiterate our BUY rating with a TP of INR8,250 (20x FY25E EV/EBITDA).

For all recommendations report, click here