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 ₹ 11,971 Cr.
- Current Price ₹ 661
- High / Low ₹ 748 / 320
- Stock P/E 31.6
- Book Value ₹ 72.7
- 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 9.23 times its book value
- 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.
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 | 531 | |
| 1,066 | 1,107 | 407 | 455 | 333 | 384 | |
| Operating Profit | -200 | -275 | -232 | -158 | 93 | 147 |
| OPM % | -23% | -33% | -132% | -53% | 22% | 28% |
| 26 | 37 | -34 | -7 | -308 | -28 | |
| Interest | 57 | 31 | 4 | 3 | 4 | 5 |
| Depreciation | 11 | 15 | 20 | 25 | 34 | 42 |
| Profit before tax | -241 | -284 | -290 | -194 | -253 | 72 |
| Tax % | 0% | 0% | 0% | 0% | -97% | |
| -241 | -285 | -290 | -194 | -9 | 295 | |
| EPS in Rs | -23,904.95 | -28,173.27 | -28,762.38 | -19,202.97 | -0.49 | 16.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -20% |
| TTM: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 49% |
| TTM: | 606% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 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% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 1d
- Closure of Trading Window 2d
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Disclosure under Regulation 30A of LODR
15 Dec - Subscribed ₹100,00,00,050 for 6,666,667 BFPL shares on December 15, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3 Dec - Of Schedule of Analyst/Institutional Investor meet under SEBI (LODR) Regulations, 2015.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 25 Nov
Concalls
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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.