External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Motilal Oswal's research report onBlue Dart Express Blue Dart Express’s (BDE) revenue grew 8.7% YoY to INR13.2b in 4QFY24 (in line).</li><li>BDE handled 0.29m tons of cargo volume (+8.7% YoY).</li><li>The realization remained flat YoY at INR 44.5/kg.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Motilal Oswal's research report onBlue Dart Express Blue Dart Express’s (BDE) revenue grew 8.7% YoY to INR13.2b in 4QFY24 (in line).BDE handled 0.29m tons of cargo volume (+8.7% YoY).The realization remained flat YoY at INR 44.5/kg.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Blue Dart Express - Capacity Utilization Picking Up; Outlook Bright

External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Emkay Global Financial's research report on Blue Dart Express BDE reported a strong quarter as consolidated sales grew 9% YoY and EBITDA margins expanded 70bps YoY, on the back of higher utilization of new aircrafts and general price increase undertaken in Q4.</li><li>With Guwahati going live in Jan24, the management expects further ramp-up in volumes, utilization, and profitability.</li><li>Maintaining growth momentum with a premium-pricing model in a highly competitive B2B express market remains a tall ask, in our view.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Emkay Global Financial's research report on Blue Dart Express BDE reported a strong quarter as consolidated sales grew 9% YoY and EBITDA margins expanded 70bps YoY, on the back of higher utilization of new aircrafts and general price increase undertaken in Q4.With Guwahati going live in Jan24, the management expects further ramp-up in volumes, utilization, and profitability.Maintaining growth momentum with a premium-pricing model in a highly competitive B2B express market remains a tall ask, in our view.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Blue Dart Express - Strong Quarter; Margin Sustainability a Key Monitorable

<ul><li>Blue Dart Express (BDE) commands greater than 50% market share in the organized Air Express segment and has been picking up market share in the Ground Express segment.</li><li>The company has well-diversified service offerings of Air express (~65% revenue share) and Ground express (~35% revenue share).</li><li>Despite the challenging last few years, BDE has managed to grow revenue through improved volumes and realizations.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Blue Dart Express (BDE) commands greater than 50% market share in the organized Air Express segment and has been picking up market share in the Ground Express segment.The company has well-diversified service offerings of Air express (~65% revenue share) and Ground express (~35% revenue share).Despite the challenging last few years, BDE has managed to grow revenue through improved volumes and realizations.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Blue Dart Express (BDE) - Robust Portfolio of Air and Ground Cargo Offerings

<div><div><div><div><ul><li>BDE ended FY22 with a volume growth of ~30% YoY at 932.7kt, led by strong growth in the e-commerce vertical, which now constitutes ~25% of the business.</li><li>Other segments like document shipment have been performing well for BDE.</li><li>With the Education and BFSI sectors opening up, volumes are improving and have almost reached pre-COVID levels.</li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

BDE ended FY22 with a volume growth of ~30% YoY at 932.7kt, led by strong growth in the e-commerce vertical, which now constitutes ~25% of the business.Other segments like document shipment have been performing well for BDE.With the Education and BFSI sectors opening up, volumes are improving and have almost reached pre-COVID levels.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Blue Dart Express - Outlook Robust; Capacity Expansion on the Cards

<p>We recently released our Logistics thematic report, wherein we stressed upon the superlative growth potential of the Indian Logistics sector and the opportunities for the organized players like Blue Dart Express (BDE). We had assigned a Neutral stance on the stock owing to its rich valuation. The unparalleled network presence of BDE and strong growth in Express cargo would drive consistent growth in volumes across its offerings over the next few years.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We recently released our Logistics thematic report, wherein we stressed upon the superlative growth potential of the Indian Logistics sector and the opportunities for the organized players like Blue Dart Express (BDE). We had assigned a Neutral stance on the stock owing to its rich valuation. The unparalleled network presence of BDE and strong growth in Express cargo would drive consistent growth in volumes across its offerings over the next few years.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Focus on increasing share of Ground Express

India

Blue Dart Express Limited operates a courier service and an integrated express package distribution company.  The Company offers delivery of packages and documents in India and throughout the world.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Blue Dart Express (BDE IN)

Blue Dart Express - Capacity Utilization Picking Up; Outlook Bright

Motilal Oswal's research report onBlue Dart Express Blue Dart Express’s (BDE) revenue grew 8.7% YoY to INR13.2b in 4QFY24 (in line).

Motilal Oswal

Blue Dart Express - Strong Quarter; Margin Sustainability a Key Monitorable

Emkay Global Financial's research report on Blue Dart Express BDE reported a strong quarter as consolidated sales grew 9% YoY and EBITDA margins...

Emkay

Blue Dart Express (BDE) - Robust Portfolio of Air and Ground Cargo Offerings

Blue Dart Express (BDE) commands greater than 50% market share in the organized Air Express segment and has been picking up market share in the...

Motilal Oswal

Blue Dart Express - Outlook Robust; Capacity Expansion on the Cards

BDE has delivered a robust performance over the last several quarters, despite a steep rise in fuel prices. It has been able to take adequate price...

Motilal Oswal

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Blue Dart Express - Capacity Utilization Picking Up; Outlook Bright

Motilal Oswal's research report onBlue Dart Express Blue Dart Express’s (BDE) revenue grew 8.7% YoY to INR13.2b in 4QFY24 (in line).

Motilal Oswal

Blue Dart Express - Strong Quarter; Margin Sustainability a Key Monitorable

Emkay Global Financial's research report on Blue Dart Express BDE reported a strong quarter as consolidated sales grew 9% YoY and EBITDA margins...

Emkay

Blue Dart Express (BDE) - Robust Portfolio of Air and Ground Cargo Offerings

Blue Dart Express (BDE) commands greater than 50% market share in the organized Air Express segment and has been picking up market share in the...

Motilal Oswal

Blue Dart Express - Outlook Robust; Capacity Expansion on the Cards

BDE has delivered a robust performance over the last several quarters, despite a steep rise in fuel prices. It has been able to take adequate price...

Motilal Oswal

Focus on increasing share of Ground Express

We recently released our Logistics thematic report, wherein we stressed upon the superlative growth potential of the Indian Logistics sector and...

Motilal Oswal