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 ₹ 11,333 Cr.
- Current Price ₹ 623
- High / Low ₹ 748 / 388
- Stock P/E 29.2
- Book Value ₹ 72.5
- 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 8.59 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
Services Services Transport Services Transport Related Services
Part of Nifty Microcap 250 Nifty Total Market BSE Services BSE 1000
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 | 579 | |
| 2,644 | 1,046 | 1,050 | 953 | 454 | 331 | 416 | |
| Operating Profit | -414 | -192 | -283 | -285 | -158 | 91 | 162 |
| OPM % | -19% | -23% | -37% | -43% | -53% | 22% | 28% |
| 54 | 27 | 36 | 20 | -8 | -309 | 54 | |
| Interest | 76 | 57 | 31 | 12 | 3 | 3 | 2 |
| Depreciation | 9 | 11 | 15 | 20 | 25 | 34 | 47 |
| Profit before tax | -446 | -234 | -293 | -297 | -194 | -254 | 167 |
| Tax % | 0% | 0% | 0% | 0% | 0% | -96% | |
| -446 | -234 | -293 | -297 | -194 | -9 | 379 | |
| EPS in Rs | -44,109.90 | -23,136.63 | -29,051.49 | -29,420.79 | -19,257.43 | -0.51 | 21.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -28% |
| 3 Years: | -18% |
| TTM: | 47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 48% |
| TTM: | 1084% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 56% |
| 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 |
| Free Cash Flow | -447 | 55 | -97 | -151 | 34 | 41 |
| CFO/OP | 101% | -19% | 28% | 45% | -32% | 80% |
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% |
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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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
9 Apr - BlackBuck filed FY2026-27 initial disclosure, stating it is not a large corporate; outstanding borrowing Rs 25.71 crore.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr
- Closure of Trading Window 25 Mar
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 23 Mar
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Announcement under Regulation 30 (LODR)-Change in Management
23 Mar - BlackBuck CPO Manish Singh resigns; leaving effective March 31, 2026, for personal pursuits.
Concalls
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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.