Blue Dart Express cash flow

Latest FY26

Cash from operations: ₹810cr+10.2% on FY25
Capital spending: ₹315cr+23.9% on FY25
Free cash flow: ₹496cr+3.0% on FY25
Cash from financing: −₹424cr−₹434 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	536	485	433	394
	—	85.6	82.4	78.1	66.9
	—	−7.4	−7.6	−13.6	−8.0
	—	−23.9	−24.6	−15.5	−16.9
	—	1.2	1.3	2.1	0.4
	—	19.5	5.3	3.2	24.3
	—	9.0	9.2	−4.1	8.4
	—	−6.5	−2.8	−14.8	−6.1
	—	−137	−120	−42.5	−63.4
	—	6.8	−11.5	−7.0	4.0
	—	−12.4	−5.3	−11.7	−6.0
	—	−20.9	−10.6	34.6	−52.0
	—	−0.1	0.4	5.7	−6.3
	—	71.0	77.2	22.2	5.2
	—	32.0	11.9	84.9	29.1
	—	9.8	−1.4	−9.8	9.0
	—	40.7	−17.5	−7.7	−16.3
	—	−1.7	1.5	−13.9	−1.0
Cash from operating activities
	380	327	347	393	508
	—	602	473	523	366
	—	929	820	916	874
	—	119	85.2	69.3	157
	—	810	735	847	717
Cash from investing activities
	—	315	254	268	571
	—	2.4	6.6	6.2	1.4
	—	0.4	1.5	7.7	2.6
	—	−3.1	−53.9	−121	53.3
	—	−315	−300	−375	−514
Cash from financing activities
	—	0.0	−54.7	4.7	50.0
	—	279	238	230	215
	—	85.8	81.3	77.7	69.7
	—	59.3	59.3	71.2	83.1
	—	0.0	0.0	−26.8	26.8
	—	−424	−434	−401	−291
	—	71.7	1.7	70.9	−88.8
	—	71.7	1.7	70.9	−88.8
	—	—	166	165	93.8
Reference items
	1,016	951	873	853	937
	16.0%	15.5%	15.3%	16.2%	18.1%
	496	496	481	579	145
	—	410	345	506	—
	₹208.84	₹208.84	₹202.79	₹244.08	₹61.26
	20.31×	—	—	—	—
	—	3.28×	2.91×	2.81×	1.93×
	—	119	85.2	69.3	157
	—	85.8	81.3	77.7	69.7

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

BLUEDART₹4,241.00

Blue Dart Express Ltd.

· Consumer Services

₹ CrorePeersDELHIVERY CARTRADE CHALET ABLBL ABFRL URBANCO ECLERX EIHOTELMcap ₹10,064 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	394.5	432.9	484.9	536.1	—
+ Finance Costs	66.9	78.1	82.4	85.6	—
+ Interest Income	-8.0	-13.6	-7.6	-7.4	—
+ Dividend Income	-16.9	-15.5	-24.6	-23.9	—
+ Share-based Payments	0.4	2.1	1.3	1.2	—
+ Unrealised FX (Gain) / Loss	24.3	3.2	5.3	19.5	—
+ Other Non-cash Items	8.4	-4.1	9.2	9.0	—
Changes in Working Capital
+ Inventories	-6.1	-14.8	-2.8	-6.5	—
+ Trade Receivables — Current	-63.4	-42.5	-119.9	-136.7	—
+ Other Financial Assets — Current	4.0	-7.0	-11.5	6.8	—
+ Other Financial Assets — Non-current	-6.0	-11.7	-5.3	-12.4	—
+ Other Current Assets	-52.0	34.6	-10.6	-20.9	—
+ Other Non-current Assets	-6.3	5.7	0.4	-0.1	—
+ Trade Payables — Current	5.2	22.2	77.2	71.0	—
+ Other Financial Liabilities — Current	29.1	84.9	11.9	32.0	—
+ Other Current Liabilities	9.0	-9.8	-1.4	9.8	—
+ Provisions — Current	-16.3	-7.7	-17.5	40.7	—
+ Provisions — Non-current	-1.0	-13.9	1.5	-1.7	—
Cash from Operating Activities
Profit Before Tax (per I/S)	508.2	392.7	347.2	326.8	379.9
+ Total Adjustments (incl. Working Capital)	365.7	523.3	473.0	602.2	—
Cash from Operations (pre-tax)	873.9	916.0	820.3	928.9	—
+ Income Taxes Paid	157.2	69.3	85.2	118.7	—
Cash from Operating Activities	716.7	846.7	735.1	810.3	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	571.4	267.5	253.9	314.7	—
+ Disp of Fixed Assets	1.4	6.2	6.6	2.4	—
+ Interest Received — Investing	2.6	7.7	1.5	0.4	—
+ Other Inflows / (Outflows) — Investing	53.3	-121.0	-53.9	-3.1	—
Cash from Investing Activities	-514.1	-374.6	-299.7	-314.9	—
Cash from Financing Activities
+ Proceeds from Borrowings	50.0	4.7	-54.7	0.0	—
+ Payment of Lease Liabilities	215.5	230.3	238.4	278.5	—
+ Interest Paid	69.7	77.7	81.3	85.8	—
+ Dividends Paid	83.1	71.2	59.3	59.3	—
+ Other Inflows / (Outflows) — Financing	26.8	-26.8	0.0	0.0	—
Cash from Financing Activities	-291.5	-401.2	-433.7	-423.7	—
Net Changes in Cash (pre-FX)	-88.8	70.9	1.7	71.7	—
Net Changes in Cash	-88.8	70.9	1.7	71.7	—
Closing Cash	93.8	164.6	166.3	—	—
Reference Items
EBITDA	937.5	852.8	872.6	950.6	1,016.2
EBITDA Margin %	18.13	16.19	15.25	15.48	15.99
Free Cash Flow (CFO − Capex)	145.4	579.2	481.2	495.6	495.6
Free Cash Flow to Equity	—	506.2	345.3	409.8	—
Free Cash Flow per Basic Share	61.26	244.08	202.79	208.84	208.84
Price to Free Cash Flow	—	—	—	—	20.31
Cash Flow to Net Income	1.93	2.81	2.91	3.28	—
Cash Paid for Taxes	157.2	69.3	85.2	118.7	—
Cash Paid for Interest	69.7	77.7	81.3	85.8	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.