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 ₹ 10,534 Cr.
- Current Price ₹ 578
- High / Low ₹ 748 / 495
- Stock P/E 60.7
- 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 7.39 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: | -18% |
| 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 / 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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| 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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| Tolling Gross Transaction Value (GTV) ₹ in Crores |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
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Board Meeting Outcome for Outcome Of Board Meeting Held On October 12, 2026
- Board approved slump sale of Loads Business Undertaking to subsidiary BTSPL on October 12, 2026.
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015.
- BlackBuck invested ₹21.999 crore in WOS TZF via rights issue on September 28, 2026.
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Disclosure Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
- MCA approved incorporation of wholly owned subsidiary BlackBuck Transport Services Private Limited on September 24, 2026.
- Closure of Trading Window
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 2025PPT
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May 2025Transcript
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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.