Zinka Logistics Solutions Ltd
Incorporated in 2015, Zinka Logistics Solutions Ltd provides a digital trucking platform for payments, telematics, loads marketplace, and vehicle financing services[1]
- Market Cap ₹ 7,710 Cr.
- Current Price ₹ 430
- High / Low ₹ 551 / 248
- Stock P/E 23.2
- Book Value ₹ 69.7
- Dividend Yield 0.00 %
- ROCE 10.7 %
- ROE 43.0 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 39.8 to 24.2 days.
- Company's working capital requirements have reduced from 50.0 days to 27.4 days
Cons
- Stock is trading at 6.18 times its book value
- The company has delivered a poor sales growth of -28.3% over past five years.
- Promoter holding is low: 27.7%
- Company has a low return on equity of -8.59% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Services Transport Related Services
Part of BSE SmallCap BSE IPO BSE Allcap Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 2,230 | 853 | 767 | 668 | 296 | 422 | |
| 2,644 | 1,046 | 1,050 | 953 | 455 | 331 | |
| Operating Profit | -414 | -192 | -283 | -285 | -159 | 91 |
| OPM % | -19% | -23% | -37% | -43% | -54% | 22% |
| 54 | 27 | 36 | 20 | -8 | -309 | |
| Interest | 76 | 57 | 31 | 12 | 3 | 2 |
| Depreciation | 9 | 11 | 15 | 20 | 25 | 34 |
| Profit before tax | -446 | -234 | -293 | -297 | -194 | -254 |
| Tax % | 0% | 0% | 0% | 0% | 0% | -96% |
| -446 | -234 | -293 | -297 | -194 | -9 | |
| EPS in Rs | -44,109.90 | -23,136.63 | -29,051.49 | -29,420.79 | -19,257.43 | -0.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -28% |
| 3 Years: | -18% |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 46% |
| TTM: | 298% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -28% |
| 3 Years: | -9% |
| Last Year: | 43% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 18 |
| Reserves | 510 | 286 | 591 | 352 | 310 | 1,218 |
| 544 | 394 | 190 | 166 | 179 | 8 | |
| 89 | 95 | 103 | 136 | 158 | 155 | |
| Total Liabilities | 1,143 | 776 | 884 | 654 | 648 | 1,399 |
| 23 | 15 | 21 | 31 | 39 | 45 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 305 | 56 | 243 | 222 | 16 | 97 |
| 814 | 704 | 620 | 401 | 593 | 1,257 | |
| Total Assets | 1,143 | 776 | 884 | 654 | 648 | 1,399 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -438 | 59 | -75 | -125 | 58 | 85 | |
| 91 | 182 | -216 | 169 | 11 | -476 | |
| 173 | -213 | 272 | -37 | -18 | 361 | |
| Net Cash Flow | -174 | 27 | -19 | 7 | 51 | -31 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 72 | 120 | 94 | 69 | 26 | 24 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 72 | 120 | 94 | 69 | 26 | 24 |
| Working Capital Days | 63 | 140 | 133 | 45 | 78 | 27 |
| ROCE % | -20% | -36% | -44% | -33% | 11% |
Documents
Announcements
-
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015.
1d - Board approved Postal Ballot for company name change and ESOP ratifications per SEBI norms.
-
Closure of Trading Window
26 Jun - Trading window closed from July 1, 2025, till 48 hours post Q1 results announcement.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 24 Jun
-
Announcement under Regulation 30 (LODR)-Credit Rating
24 Jun - ICRA upgrades Zinka Logistics' short-term bank facility rating to [ICRA]A3+ from [ICRA]A4+ for Rs 147 Cr.
-
Disclosure Received Under Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares And Takeover) Regulations, 2011.
5 Jun - Accel India IV sold 2.35 million shares (1.32%) in Zinka Logistics on June 3, 2025 via open market.
Concalls
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May 2025TranscriptPPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Dec 2024Transcript PPT REC
Business Overview:[1]
ZLSL began with an asset-light FTL model focused on long-haul trucking. Its current operations include:
a) Freight: Operating an asset-light model for long-haul FTL, ZLSL specializes in open-truck, standard-delivery, and inter-city freight services.
b) Truck Operator Services: ZLSL offers Fastags, fuel loyalty cards, and GPS tracking subscriptions to truck operators. Initially supporting its freight segment, this service has now evolved into a comprehensive solution for fleet owners, covering everything from fuel management to load boards.