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 ₹ 10,655 Cr.
- Current Price ₹ 586
- High / Low ₹ 748 / 372
- Stock P/E 27.8
- 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
- Debtor days have improved from 104 to 23.4 days.
Cons
- Stock is trading at 8.09 times its book value
- Promoter holding has decreased over last quarter: -2.07%
- Company has a low return on equity of -7.85% 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 BSE Allcap Nifty Microcap 250 Nifty Total Market BSE Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 867 | 833 | 176 | 297 | 427 | 588 | |
| 1,066 | 1,107 | 407 | 455 | 333 | 427 | |
| Operating Profit | -200 | -275 | -232 | -158 | 93 | 161 |
| OPM % | -23% | -33% | -132% | -53% | 22% | 27% |
| 26 | 37 | -34 | -7 | -308 | 53 | |
| Interest | 57 | 31 | 4 | 3 | 4 | 5 |
| Depreciation | 11 | 15 | 20 | 25 | 34 | 47 |
| Profit before tax | -241 | -284 | -290 | -194 | -253 | 162 |
| Tax % | 0% | 0% | 0% | 0% | -97% | |
| -241 | -285 | -290 | -194 | -9 | 375 | |
| EPS in Rs | -23,904.95 | -28,173.27 | -28,762.38 | -19,202.97 | -0.49 | 21.04 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -20% |
| TTM: | 48% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 49% |
| TTM: | 1091% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 40% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -29% |
| 3 Years: | -8% |
| Last Year: | 47% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 18 | 18 |
| Reserves | 271 | 585 | 353 | 311 | 1,220 | 1,296 |
| 394 | 199 | 178 | 184 | 38 | 48 | |
| 99 | 116 | 124 | 159 | 157 | 207 | |
| Total Liabilities | 765 | 900 | 654 | 654 | 1,433 | 1,568 |
| 15 | 21 | 31 | 39 | 45 | 75 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 50 | 236 | 211 | 60 | 57 | 70 |
| 699 | 642 | 413 | 555 | 1,331 | 1,423 | |
| Total Assets | 765 | 900 | 654 | 654 | 1,433 | 1,568 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 60 | -78 | -119 | 45 | 58 | |
| 178 | -219 | 169 | 19 | -467 | |
| -213 | 282 | -37 | -14 | 384 | |
| Net Cash Flow | 24 | -15 | 13 | 50 | -25 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 119 | 94 | 263 | 26 | 23 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 119 | 94 | 263 | 26 | 23 |
| Working Capital Days | -2 | 42 | -176 | -204 | 10 |
| ROCE % | -35% | -36% | -32% | 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 ・Standalone data |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 24 Feb
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Feb - Of Schedule of Analyst/Institutional Investor Conference under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations')
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Disclosure Received Under Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares And Takeover) Regulations, 2011.
16 Feb - BlackBuck received Reg.29(2) disclosure from SBI Mutual Fund dated Feb 13, 2026 regarding sale.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 14 Feb
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 Feb - Transcript of the Earnings Conference call for Analysts and investors conducted on February 05, 2026
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.