McDowell & Company Ltd (Merged)
About
Blue Dart Express was the brainchild of 3 young businessmen - Clyde Cooper, Tushar Jani and Khushroo Dubash - to combat India’s increasing exports. This idea revolutionized logistical solutions with international air packaging and distribution services. Blue Dart is now part of DHL group’s eCommerce division. It has expanded to cover more than 55,000 locations in India and over 220 countries and territories globally. It is headquartered in Mumbai and has warehouses in 85 locations all across India. Chaired by Mr. Prakash Apte, the company continues to emphasize on adopting technological advancements in logistical requirements with a focus on sustainability, particularly through its climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach) programs.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5319 2.2% | 5204 17.2% | 4441 34.2% | 3308 3.7% | 3191 -0.1% | 3194 13.3% | 2820 3.8% | 2716 4.5% | 2598 13.1% | 2297 16.2% | 1976 -10.7% | 2212 45.8% | 1517 31.3% | 1155 26.2% | 915 -7.3% | 988 - |
| Net Operating Income (INR Cr) | 5268 1.85% | 5172 17.27% | 4410 34.13% | 3288 3.56% | 3175 0.02% | 3174 13.40% | 2799 4.08% | 2690 4.94% | 2563 12.80% | 2272 17.32% | 1937 -10.82% | 2172 45.23% | 1495 30.05% | 1150 26.70% | 908 -7.08% | 977 20.35% |
| Profit (INR Cr) | 301 -18.8% | 371 -3.1% | 382 275.4% | 102 - | -42 - | 90 -38.0% | 145 3.5% | 140 -29.0% | 197 52.2% | 129 5.5% | 123 -36.6% | 193 55.6% | 124 31.1% | 95 54.8% | 61 -21.5% | 78 - |
| Assets (INR Cr) | 2442 5.4% | 2318 18.4% | 1957 -8.4% | 2136 17.5% | 1817 55.0% | 1172 20.8% | 970 0.9% | 961 9.3% | 879 34.4% | 654 0.3% | 652 -2.6% | 670 -0.4% | 672 23.4% | 545 20.3% | 453 14.8% | 395 - |
| Net Worth (INR Cr) | 1367 15.9% | 1180 35.3% | 872 47.3% | 592 20.6% | 491 -15.0% | 578 8.6% | 532 23.8% | 429 12.5% | 382 24.3% | 307 -52.2% | 643 -2.6% | 660 -0.6% | 664 21.8% | 545 20.3% | 453 14.8% | 395 23.5% |
| Employee Cost (INR Cr) | 907 8.3% | 838 9.5% | 765 5.0% | 729 -0.6% | 734 5.0% | 698 19.5% | 585 5.3% | 555 5.6% | 525 63.3% | 322 20.6% | 267 -11.2% | 300 56.1% | 192 29.9% | 148 10.5% | 134 1.6% | 132 - |
| Interest Cost (INR Cr) | 78 | 67 | 87 | 111 | 117 | 43 | 41 | 45 | 43 | 11 | 0 | 0 | 0 | 0 | 1 | 1 |
| Cash & Bank Balance (INR Cr) | 166 | 96 | 184 | 311 | 100 | 269 | 229 | 257 | 288 | 166 | 106 | 242 | 40 | 35 | 26 | 49 |
| Total Debt (INR Cr) | 1073 | 1120 | 1066 | 1522 | 530 | 573 | 418 | 491 | 397 | 332 | 0 | 0 | 0 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.7% | 7.1% | 8.6% | 3.1% | - | 2.8% | 5.1% | 5.2% | 7.6% | 5.6% | 6.2% | 8.7% | 8.2% | 8.2% | 6.7% | 7.9% |
| Profit As % Of Assets | 12.3% | 16.0% | 19.5% | 4.8% | - | 7.7% | 14.9% | 14.5% | 22.4% | 19.8% | 18.8% | 28.9% | 18.5% | 17.4% | 13.5% | 19.8% |
| Profit As % Of Networth | 22.0% | 31.4% | 43.8% | 17.2% | - | 15.5% | 27.2% | 32.6% | 51.5% | 42.1% | 19.1% | 29.3% | 18.7% | 17.4% | 13.5% | 19.8% |
| Interest Cost to EBITDA % | 9.2% | 7.1% | 9.0% | 16.8% | 28.6% | 14.9% | 11.5% | 13.2% | 10.6% | 5.0% | 0.0% | 0.0% | - | 0.0% | 0.5% | 0.4% |
| Debt to Equity Ratio | 0.78 | 0.95 | 1.22 | 2.57 | 1.08 | 0.99 | 0.79 | 1.14 | 1.04 | 1.08 | - | - | - | - | - | - |
| RONW | 23.6% | 36.1% | 52.2% | 21.4% | - | 16.2% | 30.1% | 34.5% | 57.1% | 26.8% | 18.6% | 23.1% | 20.3% | 19.0% | 14.4% | 21.8% |
| ROCE | 19.8% | 26.9% | 29.3% | 13.8% | 9.6% | 16.5% | 26.7% | 28.7% | 44.2% | 31.4% | 27.9% | 32.7% | 29.5% | 28.2% | 22.2% | 33.6% |