Blackbuck Ltd
NSE: BLACKBUCK BSE: 544288IT / Software
Incorporated in 2015, Zinka Logistics Solutions Ltd provides a digital trucking platform for payments, telematics, loads marketplace, and vehicle financing services[1]
₹532
52W: ₹420 — ₹748
PE 24.9 · Book ₹72.5 · +634% vs bookMarket Cap₹9,677 Cr
Stock P/E24.9Price to Earnings
ROCE10.5%Return on Capital
ROE47.3%Return on Equity
Div. Yield0%Face Value ₹1
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Company is expected to give good quarter
- +Company has delivered good profit growth of 22.8% CAGR over last 5 years
- +Debtor days have improved from 39.8 to 24.2 days.
Weaknesses
- −Stock is trading at 7.38 times its book value
- −The company has delivered a poor sales growth of -28.3% over past five years.
- −Promoter holding is low: 25.0%
- −Company has a low return on equity of -8.33% over last 3 years.
Shareholding Pattern
Promoters25.05%
FIIs32.45%
DIIs10.83%
Public31.67%
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 27.84% | 27.7%▼0.1 | 27.43%▼0.3 | 27.19%▼0.2 | 25.12%▼2.1 | 25.05%▼0.1 |
| FIIs | 11.73% | 11.59%▼0.1 | 20.52%▲8.9 | 26.2%▲5.7 | 28.25%▲2.1 | 32.45%▲4.2 |
| DIIs | 9.98% | 10.26%▲0.3 | 13.48%▲3.2 | 14.33%▲0.8 | 13.23%▼1.1 | 10.83%▼2.4 |
| Public | 50.45% | 50.44%▼0.0 | 38.56%▼11.9 | 32.27%▼6.3 | 33.42%▲1.1 | 31.67%▼1.8 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 63 | 80 | 93 | 91 | 98 | 113 | 120 | 141 | 149 | 169 |
| Expenses | 101 | 91 | 180 | 84 | 83 | 83 | 81 | 100 | 112 | 124 |
| Operating Profit | -37 | -11 | -86 | 8 | 14 | 29 | 39 | 41 | 37 | 45 |
| OPM % | -59% | -14% | -93% | 9% | 15% | 26% | 33% | 29% | 25% | 27% |
| Net Profit | -48 | -20 | -91 | 28 | -270 | -48 | 281 | 35 | 31 | 32 |
| EPS ₹ | -4723.76 | -1956.44 | -8988.12 | 2801.98 | -26710.89 | -2.73 | 15.82 | 1.95 | 1.69 | 1.79 |
AI Insights
Revenue Trend
TTM revenue at ₹579Cr, up 37.2% YoY. OPM at 28%.
Debt Position
Borrowings at ₹19Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.
Institutional Flow
DIIs: 10.83% (+0.85pp change). FIIs: 32.45% (+20.72pp change). Promoters hold 25.05%.
Margin & Efficiency
ROCE improving from 0% (Mar 2020) to 11% (Mar 2025). Working capital days: 15.
Valuation
PE 24.9x with 10.5% ROCE. Price is 634% above book value of ₹72.5. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 May - Intimation of Schedule of Analyst/Institutional Investor meet under SEBI (LODR) Regulations, 2015.
- Compliances-Reg.24(A)-Annual Secretarial Compliance 13 May - BlackBuck filed its FY2025-26 annual secretarial compliance report; no major non-compliances reported.
- Board Meeting Intimation for Meeting Of The Board To Be Held On Tuesday, May 19, 2026. 12 May - Board meeting on May 19, 2026 to approve audited standalone and consolidated FY2026 results.
- Disclosure Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 11 May - MCA struck off BlackBuck's wholly owned subsidiary ZZ Logistics Solutions on May 11, 2026.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 11 May - ICRA report for Q4 FY2026 shows no deviation in BlackBuck IPO proceeds utilization.
- Financial Year 2025 from bse
- Rating update 23 Jan from icra
- Rating update 24 Jun 2025 from icra