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Blackbuck Ltd

BLACKBUCK NSE

Key Fundamentals

MicrocapLogistics Solution ProviderLogistics & Cargo
Market Cap
₹10,317 Cr
Volatility
Moderate
P/E Ratio
62.98
EBITDA
₹163 Cr
Return on Equity
-3.09%
Debt to Equity
0.04
Book Value
₹78.06
52W High
₹748
52W Low
₹496

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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39 extracted metrics + investor summaries across FY21–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

4
  • 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.

Weaknesses

3
  • Stock is trading at 7.28 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 13.7% over last 3 years.

Growth Rate

Revenue Growth
41.00% ↗
Net Income Growth
-498.30% ↘
Cash Flow Change
30.93% ↗
ROE
-94.24% ↘
ROCE
-56.03% ↘
EBITDA Margin (Avg.)
-18.19% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

Blackbuck Ltd operates in the logistics and cargo sector with a market cap of ₹9,947 Cr, trading at a PE of 58.9x and PB of 6.99x. The company is nearly debt-free with strong recent revenue growth of 49% TTM, though profitability has declined 53% TTM and promoter holding remains low at 25%.

Bull Case 8
  • Company is almost debt-free, providing significant financial flexibility and low interest burden in a capital-intensive logistics sector
  • TTM revenue growth of 49% indicates strong top-line momentum and expanding market share in digital freight matching
  • 3-year compounded sales CAGR of 55% demonstrates sustained high-growth trajectory over a meaningful period
  • 5-year compounded profit CAGR of 22% shows the company has been able to scale profitability alongside revenue growth
  • Debtor days improved from 21.5 to 15.4 days, reflecting better working capital management and faster collections
  • 3-year ROE of 14% shows improving capital efficiency compared to the negative 5-year ROE of -7%, indicating a turnaround in returns
  • Last year ROE of 12% confirms the company has transitioned from loss-making years to consistent profitability
  • Stock has delivered 17% returns over 1 year, showing positive market sentiment and price discovery post-listing
Bear Case 8
  • PE ratio of 58.9x is elevated, implying the stock prices in significant future growth and leaves limited margin of safety
  • TTM profit declined 53%, a sharp deterioration in earnings that contradicts the high valuation multiple
  • Promoter holding at only 25% is low, raising concerns about alignment of interests and potential selling pressure
  • Price-to-book ratio of 6.99x means the market values the company at nearly 7 times its net asset value, leaving downside risk in a correction
  • 5-year compounded sales CAGR of -6% reveals that long-term revenue trajectory was negative before the recent surge, questioning sustainability
  • 3-year ROE of only 13.7% is modest given the premium valuation, suggesting the company has not yet demonstrated capital efficiency commensurate with its market cap of ₹9,947 Cr
  • Zero dividend yield indicates no shareholder returns via payouts, with all value dependent on capital appreciation
  • Tax rate appears low, which if normalized in future periods could compress net margins and reported profitability

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Headwinds 2
  • ₹22.42 Cr GST demand upheld Jul 31

    Joint Commissioner dismissed BlackBuck's appeal on ITC disallowances for FY20-21, confirming ₹22.42 Cr tax demand with interest comprising nearly half the liability. Company considering further appeal before GST Appellate Tribunal.

  • Promoter share pledge disclosed Jul 13

    Promoter Ramasubramanian Balasubramaniam pledged shares for personal borrowing, revised under SEBI SAST Regulations.

Positives 2
  • Revenue surges 42% in Q1FY27 Jul 29

    Revenue jumped 42% YoY to ₹2,041.68M, PAT rose 25% to ₹421.67M, and Adjusted EBITDA increased 16% to ₹546.20M driven by core tolling and Superloads segments.

  • Tax penalty dropped for AY 2018-19 Jul 25

    Income Tax Department determined penalty at NIL for AY 2018-19 after deleting the underlying addition related to ESOP expenditure.

Neutral 1
  • Q1FY27 earnings call available Jul 29

    BlackBuck made the audio recording of its Q1FY27 earnings conference call available on its website per SEBI regulations, call held July 29, 2026.

TL;DR: BlackBuck delivered strong Q1FY27 results with 42% revenue growth and healthy profitability, signaling effective scaling of its logistics platform. The ₹22.42 Cr GST demand is a near-term overhang but manageable relative to earnings, and the tax penalty drop for AY 2018-19 removes a legacy risk. Promoter pledge warrants monitoring but is not unusual. The growth trajectory remains firmly positive, with Superloads segment expansion as the key catalyst going forward.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
59
63
81
93
92
99
114
122
144
151
172
185
204
Expenses
90
100
91
180
84
84
84
82
103
115
127
140
154
Operating Profit
-31
-37
-11
-87
8
15
30
40
40
37
45
45
50
OPM %
-52%
-59%
-13%
-93%
9%
15%
26%
33%
28%
24%
26%
24%
24%
Other Income
2
-4
-2
3
28
-276
-69
9
16
16
13
14
16
Interest
1
1
1
1
1
1
2
1
1
1
1
1
1
Depreciation
7
6
6
6
7
7
8
12
9
12
14
17
23
PBT
-36
-48
-19
-91
29
-269
-48
35
46
39
42
40
42
Tax %
0%
0%
1%
0%
0%
0%
0%
-696%
26%
25%
25%
-63%
0%
Net Profit
-36
-48
-20
-91
29
-269
-48
280
34
29
32
66
42
EPS in Rs
-3,558
-4,720
-1,940
-8,985
2,839
-26,680
-2.72
15.79
1.88
1.62
1.75
3.62
2.32
Figures in ₹ Crores

Profit & Loss

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
867
119
176
297
427
652
713
Expenses
1,066
350
407
455
333
485
536
Operating Profit
-200
-231
-232
-158
93
167
176
OPM %
-23%
-194%
-132%
-53%
22%
26%
25%
Other Income
26
-17
-34
-7
-308
59
59
Interest
57
21
4
3
4
5
6
Depreciation
11
15
20
25
34
53
66
PBT
-241
-284
-290
-194
-253
167
164
Tax %
0%
0%
0%
0%
-97%
4%
—
Net Profit
-241
-285
-290
-194
-9
160
169
EPS in Rs
-23,905
-28,174
-28,762
-19,203
-0.49
8.82
9.31
Div. Payout %
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.01
0.01
0.01
0.01
18
18
Reserves
271
585
353
311
1,220
1,404
Borrowings
394
201
178
184
38
59
Other Liabilities
99
113
124
159
157
255
Total Liabilities
765
900
654
654
1,433
1,736
Fixed Assets
15
21
31
39
45
116
CWIP
0
0
0
0
0
2
Investments
50
236
211
60
57
50
Other Assets
699
642
413
555
1,331
1,567
Total Assets
765
900
654
654
1,433
1,736
Figures in ₹ Crores

Cash Flow

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
60
-78
-119
45
58
169
Investing
178
-219
169
19
-467
-171
Financing
-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
Figures in ₹ Crores

Ratios

  Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
119
656
263
26
23
15
Cash Conversion Cycle
119
656
263
26
23
15
Working Capital Days
-2
296
-176
-204
10
-16
ROCE %
—
-29%
-36%
-32%
11%
13%

Shareholding Pattern

As of Jun 2026
FIIs 31.48%
Promoters 25.00%
Others 20.53%
DIIs 14.38%
Public 8.61%
Total 100.00%
  Aug 2021Nov 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
61.41%
27.84%
27.84%
27.70%
27.43%
27.19%
25.12%
25.05%
25.00%
FIIs
0.00%
9.87%
11.73%
11.59%
20.52%
26.20%
28.25%
32.46%
31.48%
DIIs
0.00%
9.83%
9.99%
10.27%
13.49%
14.33%
13.23%
10.83%
14.38%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
3.29%
1.25%
1.49%
3.80%
9.42%
11.69%
10.45%
8.61%
Others
38.59%
49.16%
49.20%
48.95%
34.76%
22.85%
21.71%
21.21%
20.53%
No. of Shareholders
12
86,844
33,737
28,943
39,118
61,618
82,857
82,331
79,449

Documents

Frequently Asked Questions about Blackbuck Ltd

What does Blackbuck Ltd do?
Incorporated in 2015, Zinka Logistics Solutions Ltd provides a digital trucking platform for payments, telematics, loads marketplace, and vehicle financing services[1]
Where is Blackbuck Ltd (BLACKBUCK) listed?
Blackbuck Ltd is listed on the Indian stock exchanges. It is listed on NSE: BLACKBUCK and BSE: 544288. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Blackbuck Ltd belong to?
Blackbuck Ltd operates in the Logistics & Cargo sector within the Logistics Solution Provider industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Blackbuck Ltd?
Blackbuck Ltd has a market capitalisation of approximately ₹10317.43 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Blackbuck Ltd?
The Price-to-Earnings (PE) ratio of Blackbuck Ltd is 62.98. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Blackbuck Ltd?
Over the past 52 weeks, Blackbuck Ltd has traded between a low of ₹496 and a high of ₹748. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Blackbuck Ltd?
Blackbuck Ltd has a Return on Equity (ROE) of -3.09%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Blackbuck Ltd on Tapetide?
On Tapetide, you can view Blackbuck Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 2015, Zinka Logistics Solutions Ltd provides a digital trucking platform for payments, telematics, loads marketplace, and vehicle financing services[1]

Website blackbuck.com
CEO Mr. Rajesh Kumar Naidu Yabaji
Employees 1,664
Listed 2024-11-22
Face Value ₹ 1
Issued Size 18,12,81,862

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