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 ₹ 9,474 Cr.
- Current Price ₹ 520
- High / Low ₹ 748 / 420
- Stock P/E 56.6
- Book Value ₹ 78.3
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 12.6 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 22.1% CAGR over last 5 years
Cons
- Stock is trading at 6.64 times its book value
- The company has delivered a poor sales growth of -5.56% over past five years.
- Promoter holding is low: 25.0%
- Tax rate seems low
- Company has a low return on equity of 13.8% 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.
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2,230 | 853 | 767 | 668 | 296 | 422 | 641 | |
| 2,644 | 1,046 | 1,050 | 953 | 454 | 331 | 472 | |
| Operating Profit | -414 | -192 | -283 | -285 | -158 | 91 | 169 |
| OPM % | -19% | -23% | -37% | -43% | -53% | 22% | 26% |
| 54 | 27 | 36 | 20 | -8 | -309 | 57 | |
| Interest | 76 | 57 | 31 | 12 | 3 | 3 | 3 |
| Depreciation | 9 | 11 | 15 | 20 | 25 | 34 | 52 |
| Profit before tax | -446 | -234 | -293 | -297 | -194 | -254 | 171 |
| Tax % | 0% | 0% | 0% | 0% | 0% | -96% | 4% |
| -446 | -234 | -293 | -297 | -194 | -9 | 164 | |
| EPS in Rs | -44,109.90 | -23,136.63 | -29,051.49 | -29,420.79 | -19,257.43 | -0.51 | 9.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 3 Years: | -1% |
| TTM: | 52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 37% |
| TTM: | -54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -8% |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 18 | 18 |
| Reserves | 510 | 286 | 591 | 352 | 310 | 1,218 | 1,406 |
| 544 | 394 | 190 | 166 | 179 | 8 | 33 | |
| 89 | 95 | 103 | 136 | 158 | 155 | 251 | |
| Total Liabilities | 1,143 | 776 | 884 | 654 | 648 | 1,399 | 1,708 |
| 23 | 15 | 21 | 31 | 39 | 45 | 116 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Investments | 305 | 56 | 243 | 222 | 75 | 109 | 197 |
| 814 | 704 | 620 | 401 | 534 | 1,246 | 1,393 | |
| Total Assets | 1,143 | 776 | 884 | 654 | 648 | 1,399 | 1,708 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -438 | 59 | -75 | -125 | 58 | 85 | 192 | |
| 91 | 182 | -216 | 169 | 11 | -476 | -210 | |
| 173 | -213 | 272 | -37 | -18 | 361 | -5 | |
| Net Cash Flow | -174 | 27 | -19 | 7 | 51 | -31 | -22 |
| Free Cash Flow | -447 | 55 | -97 | -151 | 34 | 41 | 80 |
| CFO/OP | 101% | -19% | 28% | 45% | -32% | 80% | 123% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 120 | 94 | 69 | 26 | 24 | 15 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 72 | 120 | 94 | 69 | 26 | 24 | 15 |
| Working Capital Days | -2 | -2 | 48 | -46 | -206 | 15 | -22 |
| ROCE % | -20% | -36% | -44% | -33% | 11% | 13% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Average Monthly Transacting Truck Operators Units |
|
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| Gross Transaction Value (GTV) of Payments INR Cr |
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| Total payment transactions Cr Units |
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| Active Telematics Devices Units |
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| Tolling Market Share (Truck Segment) % |
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| Daily Time spent on App by Transacting Customers Minutes |
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| Monthly transacting users using at least two services Units |
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| Physical Touchpoints Units |
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Extracted by Screener AI
Documents
Announcements
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Statement Of Deviation Or Variation For The Quarter Ended March 31, 2026.
8h - BlackBuck reported no deviation in IPO fund use for quarter ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 25 May
-
Communication To The Shareholders W.R.T. Change Of The Registered Office Of The Company
22 May - Board approved shifting registered office to Koramangala, Bengaluru, effective May 19, 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
21 May - Newspaper publication for the audited financial results for the year ended March 31, 2026
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 21 May
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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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.