BlackBuck is India’s largest trucking platform and offers various services to truck drivers and operators. The company is the leader in the business with a market share of 27.52% and has nearly 1 million users. Here is the prediction of BlackBuck share price target for 2024, 2025, and 2026 based on the available data and market conditions.
The BlackBuck is the largest player in the business with nearly a million truck drivers and operators. It is attracting investors who are looking to generate good returns. Trucks and other related heavy-duty vehicles play a major role in the GDP as most transportation is dependent on them.
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About Zinka Logistics Solutions Ltd
Zinka Logistics Solutions Ltd was incorporated in 2015 and it is a large-cap logistics sector company. The company has a platform or app known as BlackBuck which provides various services for truck drivers and operators.
As per reports, BlackBuck is the largest player in the business with a market share of 27.52% and has nearly 1 million users as of March 2024. Through the BlackBuck platform, the company provides various services to users like Payments for tolling and fueling, Telematics for GPS and Fuel Sensor, Loads Marketplace, and Vehicle Finance.
In the BlackBuck app, the company offers various products like BlackBuck FASTag, BlackBuck GPS, BlackBuck Fuel Cards, Loads Marketplace, and BlackBuck Loans. Some of the services are very useful for the truck drivers and operators.
The company generates nearly 44% of its total freight revenues from its top 5 customers. Some of the top customers of the company are Hindustan Unilever Ltd, Reliance Petro, Asian Paints, and more.
In FY2024, the company generated 40% of its revenue from commission income, 38% from subscription fees, 16% from services fees, and 6% revenue from interest income.
Zikla Logistics Solutions Ltd’s Scrip Info
| NSE | BLACKBUCK |
| BSE | 544288 |
| ISIN | INE0UIZ01018 |
| SECTOR | LOGISTICS |
Stock Insights & Key Metrics
Check the most important and helpful data and information that are helpful in the analysis of any stock. Here, you’ll get BlackBuck or Zinka Logistics Ltd.’s Financials, Fundamentals, Shareholding Pattern, Pros and Cons, Quarterly Results, etc.
Note: This shared data and information are not enough for complete analysis. You can check new and updated information about the company by clicking on the button.
Note: All the values are in Rupees (₹) Crores.
| Quarter | Net Profit & Loss |
|---|---|
| Sep 2023 | -₹48 Crore |
| Dec 2023 | ₹NA |
| Mar 2024 | ₹NA |
| Jun 2024 | ₹29 Crore |
| Sep 2024 | -₹269 Crore |
| Financial Year | Net Profit & Loss |
|---|---|
| March 2020 | ₹NA |
| March 2021 | -₹241 Crore |
| March 2022 | -₹285 Crore |
| March 2023 | -₹290 Crore |
| March 2024 | -₹194 Crore |
| Market Cap | ₹7,471 Crore | ROE | 0.00% |
| P/E Ratio TTM | -38.52 | EPS (TTM) | -10.99 |
| P/B Ratio | 8.52 | Div. Yield | 0.00% |
| Industry PE | 48.22 | Book Value | 49.68 |
| Debt To Equity | 0.34 | Face Value | 1 |
| Held By | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|
| FIIs | NA | NA | NA | 9.87% |
| DIIs | NA | NA | NA | 9.84% |
| Public | NA | NA | NA | 52.45% |
| Promoters | NA | NA | NA | 27.84% |
| Other Holders | NA | NA | NA | 0.00% |
Key Insights
- Zero promoter pledge.
- Low debt on the company.
- It is a loss-making company.
- The company’s profit is not improving.
- The company has a debt of Rs. 173Cr nearly.
- Over the years, the company’s net loss has increased.
- 3 years of compounded profit growth of the company is 9%.
- 3 years of compounded sales growth of the company is -30%.
BlackBuck Share Price Target
Zinka Logistics Solutions Ltd’s BlackBuck platform is the largest player in the business with a market share of 27.52%. It offers various services and products for truck drivers and operators. But still, it is a loss-making company and its losses are increasing also. It can be a problem for the long term in BlackBuck’s share price target for 2025, 2026, and 2027.
In a few words, the growth of the stock is completely dependent on the company’s profit and loss. In case, the company fails to post or show good results the stock price may crash.
| Year | Min. Est. Target | Max. Est. Target |
|---|---|---|
| 2025 | ₹490 | ₹520 |
| 2026 | ₹600 | ₹700 |
| 2027 | ₹700 | ₹800 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
BlackBuck Share Price Target 2025
BlackBuck (Zinka Logistics Solutions) stock was listed in the stock market on 22 Nov 2024 at Rs. 280 and gained nearly 3% listing premium. As of 14 Dec 2024, the BlackBuck stock is trading at Rs. 423.20 which is more than 50% from its listing price.
Currently, the stock is trading nearly 7-8% lower than its all-time high i.e. 460.50. It looks like, in the upcoming days, we may see profit booking in the stock for the short term.
Buying at this level is not recommended, let the stock fall and form any strong buying candle or pattern. If the stock breaks its all-time high in the upcoming days, you can plan a short-term trade for BlackBuck’s share price target of Rs. 490 to Rs. 520.
BlackBuck Share Price Target 2026 and 2027
In the Sept 2024 quarter, the company reported a net loss of Rs. 269 Crore. Also, the company is making losses over the years and there are not major improvements in the profit and loss of the company. It is a negative sign for the stock price. After all this, the stock is going up because as per intrinsic value, the stock is trading at fair valuation.
Annual Profit & Loss: Currently 4 years of annual profit and loss data of the company is available. In March 2021 it reported a net loss of Rs. 241 Crore and 867 sales, In March 2022, a net loss of Rs. 284 Crore and 833 sales, In March 2023, a net loss of Rs. 290 crore and 176 sales, and in March 2024 quarter net loss of Rs. 194 Crore and 297 sales. As you can see, in March 2024 the net loss of the company is by 96 Crore.
In the industry, there are various challenges the company faces or may face in the future like high operating costs, competitive market, dependence on digital adoption, regulatory changes, economic slowdown, fuel price volatility, and more.
In reality, the company may take a few more years to be profitable and generate cash from its operations. For the period, investing at this level is very risky. In the next 4 to 5 months, the stock may correct a lot.
If you want to invest in the stock as you expect good returns from the stock, we strongly recommend you to invest in the stock when it is down by at least 20% to 25% from its 52-week high. In the long term, if the company posts good quarterly results, you may see BlackBuck’s share price target for 2026 and 2027 trading at Rs. 600 to Rs. 800.
FAQs
BlackBuck stock is listed at Rs. 280, but after 1 to 2 weeks the stock started going up. Currently, it is trading at Rs. 423 which is more than 50% return from its listing price. The record high of the stock is Rs. 460.50.
As of now, the stock is looking slightly bearish but if the stock breaks its all time high, we can see a target of Rs. 490 to Rs. 500 in the short term. Make sure to keep a SL near stong support and as per risk managment.
Zinka Logistics Solutions Ltd’s digital platform BlackBuck offers a lot of products for truck drivers and operators like BlackBuck FASTag, BlackBuck GPS, BlackBuck Fuel Cards, Loads Marketplace, and BlackBuck Loans. Some of the services are very useful for the truck drivers and operators.
Not only small customers, but the company also provides its services to many large-cap companies like Hindustan Unilever Ltd, Reliance Petro, Asian Paints, and more.
Zinka Logistics Solutions Ltd’s digital product BlackBuck is the largest player in the industry with a market share of more than 27.52%.
But the problem is it is a loss-making company and its losses are increasing in almost every financial year. It is a negative sign for the long-term investors who are investing at this level.
In my view, the stock will not sustain at the level of its listing price. It may fall to a lower level in the next few months after listing.
Conclusion
Zinka Logistics Solutions Ltd’s BlackBuck digital platform offers various services and products to truck drivers. In trucking, it is the largest player with a market share of 27.52% and nearly 1 million users. For the long term, BlackBuck’s share price target for 2025, 2026, and 2027 looks bearish as it is loss-making and its annual losses are increasing.