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 ₹ 10,600 Cr.
- Current Price ₹ 582
- High / Low ₹ 748 / 495
- Stock P/E 61.1
- Book Value ₹ 78.3
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 12.5 %
- 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 7.43 times its book value
- The company has delivered a poor sales growth of -5.56% over past five years.
- Tax rate seems low
- Company has a low return on equity of 13.6% 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 2,230 | 853 | 767 | 668 | 296 | 422 | 641 | 701 | |
| 2,644 | 1,046 | 1,050 | 953 | 454 | 331 | 472 | 523 | |
| Operating Profit | -414 | -192 | -283 | -285 | -158 | 91 | 169 | 178 |
| OPM % | -19% | -23% | -37% | -43% | -53% | 22% | 26% | 25% |
| 54 | 27 | 36 | 20 | -8 | -309 | 57 | 56 | |
| Interest | 76 | 57 | 31 | 12 | 3 | 3 | 3 | 3 |
| Depreciation | 9 | 11 | 15 | 20 | 25 | 34 | 52 | 66 |
| Profit before tax | -446 | -234 | -293 | -297 | -194 | -254 | 171 | 165 |
| Tax % | -0% | -0% | -0% | -0% | -0% | -96% | 4% | |
| -446 | -234 | -293 | -297 | -194 | -9 | 164 | 171 | |
| EPS in Rs | -44,109.90 | -23,136.63 | -29,051.49 | -29,420.79 | -19,257.43 | -0.51 | 9.01 | 9.40 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 3 Years: | -1% |
| TTM: | 49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 37% |
| TTM: | -52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -5% |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|
| Average Monthly Transacting Truck Operators Units |
|
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| Monthly Transacting Users Using At Least Two Services (Power Users) Units |
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| Tolling/Payments Gross Transaction Value (GTV) ₹ in Crores |
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| Total Tolling/Payment Transactions Units in Crores |
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| Tolling Market Share (GTV in Truck T segment) % |
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| Time Spent on App Daily by Transacting Customers Minutes |
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| Physical Touchpoints (Distribution Network) Touchpoints |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- BlackBuck to attend Axis Capital Consumer & Tech Conference on September 10, 2026 in Mumbai.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication regarding 11th Annual General Meeting of the Company.
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Notice And Annual Report For The Financial Year 2025-26 - Letters To Shareholders
- BlackBuck's 11th AGM is on September 18, 2026; notice and FY26 annual report shared.
- Reg. 34 (1) Annual Report.
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Business Responsibility and Sustainability Reporting (BRSR)
- BlackBuck filed its FY26 Business Responsibility and Sustainability Report with the annual report.
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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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]
BlackBuck Limited, formerly Zinka Logistics Solutions Limited, operates digital platform focused on truck operator lifecycle. Offerings include tolling, vehicle tracking, fuel payments, vehicle finance, loads classified, Superloads, fuel sensors and fleet documentation.