Zinka Logistics Solutions Limited (BLACKBUCK) AI Stock Analysis

Zinka Logistics Solutions Limited

(NSE:BLACKBUCK)

Select Model

Rating:76.25Outperform

Price Target:INR 636.00▲(12.25% Upside)

Action:reiterated

Date:09/12/26

The overall score reflects strong financial momentum and a solid balance sheet as the primary strengths, supported by a favorable technical setup with the price above key moving averages and healthy momentum indicators, while a rich valuation with a high P/E and no dividend income acts as the main constraint on the rating.

Positive Factors

Revenue Growth and ProfitabilityThe sharp increase in revenue and reported net profitability shows meaningful scale expansion and improved operating outcomes. If these gains persist, the larger revenue base can support stronger earnings capacity and provide resources for continued investment in the platform and trucking ecosystem.

Negative Factors

Earnings VolatilityThe swing from a deeply loss-making year to strong profitability creates uncertainty around the durability and comparability of current earnings. Such volatility makes it harder to establish a stable earnings baseline and increases the risk that future results vary materially from the latest performance.

Zinka Logistics Solutions Limited (BLACKBUCK) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 102.78B
Dividend Yield: ―
Average Volume (3M): 60.12K
Price to Earnings (P/E): 56.7
Beta (1Y): 1.04
Revenue Growth: 50.17%
EPS Growth: -39.95%
Country: India
Employees: 1,613
Sector: General
Sector Strength: 55
Industry: Software - Application

Zinka Logistics Solutions Limited Business Overview & Revenue Model

Company Description

BlackBuck Limited operates a comprehensive digital ecosystem catering to truck operators across India. This platform delivers various services, such as real-time tracking, an online marketplace for connecting loads with carriers, and dedicated fuel c...

Zinka Logistics Solutions Limited Financial Statement Overview

Summary

Financial performance is strong, with sharp FY2026 revenue growth, a clear turnaround from prior-year losses to solid earnings, healthy EBITDA and net margins, low leverage, and improving operating and free cash flow, offset slightly by only moderate return on equity and incomplete cash conversion of earnings.

Income Statement

86Very Positive

Balance Sheet

78Positive

Cash Flow

82Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	4.73B	49.89M	6.52B	2.96B	1.76B	1.19B
Gross Profit	2.25B	14.82M	1.14B	670.51M	652.12M	456.23M
EBITDA	-2.29B	-2.45B	2.26B	-1.55B	-2.13B	-1.98B
Net Income	-36.31M	-86.55M	1.60B	-1.94B	-2.90B	-2.85B
Balance Sheet
Total Assets	0	14.33B	17.36B	6.54B	6.54B	9.00B
Cash, Cash Equivalents and Short-Term Investments	7.21B	6.76B	6.48B	3.26B	3.67B	2.38B
Total Debt	0	378.41M	592.11M	1.84B	1.78B	2.01B
Total Liabilities	-12.38B	1.95B	3.14B	3.43B	3.02B	3.15B
Stockholders Equity	12.38B	12.38B	14.22B	3.11B	3.53B	5.85B
Cash Flow
Free Cash Flow	-110.36M	146.80M	1.06B	202.18M	-1.45B	-1.01B
Operating Cash Flow	245.58M	583.25M	2.18B	445.51M	-1.19B	-781.64M
Investing Cash Flow	-4.48B	-4.67B	-2.22B	191.85M	1.69B	-2.19B
Financing Cash Flow	4.12B	3.84B	-86.16M	-138.21M	-369.18M	2.82B

Zinka Logistics Solutions Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price566.60

Price Trends

50DMA594.08Negative

100DMA576.11Negative

200DMA577.76Negative

Market Momentum

MACD-9.95Positive

RSI44.91Neutral

STOCH53.86Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLACKBUCK, the sentiment is Negative. The current price of 566.60 is below the 20-day moving average (MA) of 579.83, below the 50-day MA of 594.08, and below the 200-day MA of 577.76, indicating a bearish trend. The MACD of -9.95 indicates Positive momentum. The RSI at 44.91 is Neutral, neither overbought nor oversold. The STOCH value of 53.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BLACKBUCK.

Zinka Logistics Solutions Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BLACKBUCK against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BLACKBUCK	76Outperform	INR 103.26B	56.74	―	―	50.17%	-39.95%
IN:TATAELXSI	73Outperform	INR 236.14B	35.23	―	1.98%	10.01%	-0.08%
IN:UNIECOM	69Neutral	INR 9.03B	40.94	―	―	―	―
IN:MAPMYINDIA	64Neutral	INR 43.58B	31.64	―	0.44%	1.83%	-12.91%
IN:RAMCOSYS	57Neutral	INR 19.08B	64.91	―	―	10.73%	236.66%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:GENESYS	46Neutral	INR 11.46B	22.97	―	―	3.73%	-49.32%

* General Sector Average

Performance Comparison

IN:BLACKBUCK and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BLACKBUCK	Zinka Logistics Solutions Limited	566.60	-117.10	-17.13%
IN:GENESYS	Genesys International Corporation Limited	171.40	-176.41	-50.72%
IN:MAPMYINDIA	C.E. Info Systems Ltd.	795.00	-1007.67	-55.90%
IN:RAMCOSYS	Ramco Systems Limited	507.10	-115.65	-18.57%
IN:TATAELXSI	Tata Elxsi Limited	3790.00	-1551.49	-29.05%
IN:UNIECOM	Unicommerce eSolutions Limited	80.35	-50.75	-38.71%

Zinka Logistics Solutions Limited Corporate Events

BlackBuck shifts loads business to wholly owned transport subsidiary

Oct 12, 2026

BlackBuck Limited has approved the transfer of its Loads Business Undertaking, which contributed 12.6% of standalone income in FY 2025-2026, to its wholly owned subsidiary BlackBuck Transport Services Private Limited via a slump sale. The unit will m...

BlackBuck Sets Virtual AGM and Launches E-Voting for FY 2025-26

Aug 25, 2026

BlackBuck Limited has scheduled its eleventh Annual General Meeting for September 18, 2026, at 11:30 a.m. IST, to be held via video conference and other audio-visual means in line with regulatory guidance from the Ministry of Corporate Affairs and SE...

BlackBuck Publishes FY26 Business Responsibility and Sustainability Report

Aug 25, 2026

BlackBuck Limited has released its Business Responsibility and Sustainability Report for the financial year ended March 31, 2026, as part of its annual reporting obligations under Indian listing regulations. The disclosures are presented on a standal...

BlackBuck Schedules 11th AGM via Video Conferencing, Publishes Shareholder Notice

Aug 22, 2026

BlackBuck Limited has announced that its 11th Annual General Meeting will be held on September 18, 2026, at 11:30 a.m. IST via video conferencing and other audio-visual means. The company has published public notices about the AGM, including details...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 12, 2026

Zinka Logistics Solutions Limited AI Stock Analysis