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 ₹ 12,466 Cr.
- Current Price ₹ 689
- High / Low ₹ 748 / 248
- Stock P/E 32.9
- 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 9.48 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.
Peer comparison
Services Services Transport Services Transport Related Services
Part of BSE SmallCap BSE IPO BSE Allcap Nifty Microcap 250 Nifty Total Market
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: | % |
| 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
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2h - INR 20 crore corporate guarantee to IDFC First Bank for Blackbuck Finserve's INR 20 crore term loan.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Nov - Of Schedule of Analyst/Institutional Investor meet under SEBI (LODR) Regulations, 2015.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Nov - BlackBuck to hold in-person one-to-one institutional investor meetings in Mumbai on Nov 12–13, 2025 (09:00–18:30 IST).
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 7 Nov
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Nov - Newspaper Publication of the un-audited financial results for the quarter and half year ended September 30, 2025.
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Aug 2025TranscriptNotesPPT
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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.