Blackbuck 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 ₹ 11,820 Cr.
- Current Price ₹ 653
- High / Low ₹ 748 / 248
- Stock P/E 30.9
- Book Value ₹ 72.8
- Dividend Yield 0.00 %
- ROCE 10.5 %
- ROE 47.3 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 22.8% CAGR over last 5 years
- Debtor days have improved from 39.8 to 24.2 days.
Cons
- Stock is trading at 8.98 times its book value
- The company has delivered a poor sales growth of -28.3% over past five years.
- Company has a low return on equity of -8.33% 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
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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 | TTM | |
|---|---|---|---|---|---|---|---|
| 2,230 | 853 | 767 | 668 | 296 | 422 | 523 | |
| 2,644 | 1,046 | 1,050 | 953 | 454 | 331 | 376 | |
| Operating Profit | -414 | -192 | -283 | -285 | -158 | 91 | 147 |
| OPM % | -19% | -23% | -37% | -43% | -53% | 22% | 28% |
| 54 | 27 | 36 | 20 | -8 | -309 | -28 | |
| Interest | 76 | 57 | 31 | 12 | 3 | 3 | 2 |
| Depreciation | 9 | 11 | 15 | 20 | 25 | 34 | 41 |
| Profit before tax | -446 | -234 | -293 | -297 | -194 | -254 | 75 |
| Tax % | 0% | 0% | 0% | 0% | 0% | -96% | |
| -446 | -234 | -293 | -297 | -194 | -9 | 298 | |
| EPS in Rs | -44,109.90 | -23,136.63 | -29,051.49 | -29,420.79 | -19,257.43 | -0.51 | 16.73 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -28% |
| 3 Years: | -18% |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 48% |
| TTM: | 605% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -27% |
| 3 Years: | -8% |
| Last Year: | 47% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 18 | 18 |
| Reserves | 510 | 286 | 591 | 352 | 310 | 1,218 | 1,297 |
| 544 | 394 | 190 | 166 | 179 | 8 | 19 | |
| 89 | 95 | 103 | 136 | 158 | 155 | 189 | |
| Total Liabilities | 1,143 | 776 | 884 | 654 | 648 | 1,399 | 1,523 |
| 23 | 15 | 21 | 31 | 39 | 45 | 75 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 305 | 56 | 243 | 222 | 75 | 109 | 97 |
| 814 | 704 | 620 | 401 | 534 | 1,246 | 1,351 | |
| Total Assets | 1,143 | 776 | 884 | 654 | 648 | 1,399 | 1,523 |
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 | -2 | -2 | 48 | -46 | -206 | 15 |
| ROCE % | -20% | -36% | -44% | -33% | 11% |
Documents
Announcements
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 2m
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 21m
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Disclosure Received Under Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares And Takeover) Regulations, 2011
14h - Promoter/EDs sold 20,00,000; 8,00,000; 8,00,000 shares on 18 Nov 2025 (open market).
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Disclosure Received Under Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares And Takeover) Regulations, 2011
14h - Accel sold 4,297,129 shares (2.37%), holdings down to 14,868,097 (8.23%), open-market sales Sep–Nov 2025.
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 15h
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Aug 2025TranscriptNotesPPT
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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]
Zinka Logistics, operating under the BlackBuck brand, is a technology-driven logistics company transforming the Indian trucking industry by digitizing and streamlining the truck operator lifecycle. The company operates on an asset-light, platform-led model with high operating leverage and profitability.