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 ₹ 9,079 Cr.
- Current Price ₹ 500
- High / Low ₹ 748 / 420
- Stock P/E 55.4
- Book Value ₹ 78.2
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 12.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 21.8% CAGR over last 5 years
- Debtor days have improved from 21.5 to 15.4 days.
Cons
- Stock is trading at 6.40 times its book value
- Promoter holding is low: 25.0%
- Tax rate seems low
- Company has a low return on equity of 13.7% over last 3 years.
- Earnings include an other income of Rs.58.8 Cr.
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 867 | 119 | 176 | 297 | 427 | 652 | |
| 1,066 | 350 | 407 | 455 | 333 | 485 | |
| Operating Profit | -200 | -231 | -232 | -158 | 93 | 167 |
| OPM % | -23% | -194% | -132% | -53% | 22% | 26% |
| 26 | -17 | -34 | -7 | -308 | 59 | |
| Interest | 57 | 21 | 4 | 3 | 4 | 5 |
| Depreciation | 11 | 15 | 20 | 25 | 34 | 53 |
| Profit before tax | -241 | -284 | -290 | -194 | -253 | 167 |
| Tax % | 0% | 0% | 0% | 0% | -97% | 4% |
| -241 | -285 | -290 | -194 | -9 | 160 | |
| EPS in Rs | -23,904.95 | -28,174.26 | -28,762.38 | -19,202.97 | -0.49 | 8.82 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 3 Years: | 55% |
| TTM: | 53% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 37% |
| TTM: | -55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -7% |
| 3 Years: | 14% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 18 | 18 |
| Reserves | 271 | 585 | 353 | 311 | 1,220 | 1,404 |
| 394 | 201 | 178 | 184 | 38 | 59 | |
| 99 | 113 | 124 | 159 | 157 | 255 | |
| Total Liabilities | 765 | 900 | 654 | 654 | 1,433 | 1,736 |
| 15 | 21 | 31 | 39 | 45 | 116 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 |
| Investments | 50 | 236 | 211 | 60 | 57 | 50 |
| 699 | 642 | 413 | 555 | 1,331 | 1,567 | |
| Total Assets | 765 | 900 | 654 | 654 | 1,433 | 1,736 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 60 | -78 | -119 | 45 | 58 | 169 | |
| 178 | -219 | 169 | 19 | -467 | -171 | |
| -213 | 282 | -37 | -14 | 384 | -11 | |
| Net Cash Flow | 24 | -15 | 13 | 50 | -25 | -13 |
| Free Cash Flow | 55 | -100 | -144 | 21 | 15 | 971 |
| CFO/OP | -18% | 36% | 53% | -24% | 50% | 111% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 119 | 656 | 263 | 26 | 23 | 15 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 119 | 656 | 263 | 26 | 23 | 15 |
| Working Capital Days | -2 | 296 | -176 | -204 | 10 | -16 |
| ROCE % | -29% | -36% | -32% | 11% | 13% |
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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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper publication for the audited financial results for the year ended March 31, 2026
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - BlackBuck will attend 360 ONE Capital's 16th Annual Investor Conference on 27 May 2026 in Mumbai.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - BlackBuck posted the May 19, 2026 Q4 and FY26 earnings conference call audio recording.
- Announcement under Regulation 30 (LODR)-Investor Presentation 19 May
Concalls
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May 2026Transcript PPT
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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.