Past 10 year’s financial track record analysis by Moneyworks4me indicates that Zinka Logistics Solutions Ltd is a below average quality company.
The key valuation ratios of Zinka Logistics Solutions Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Zinka Logistics Solutions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -9.7% | -28% | -22.6% | -35% | -32.3% | -20.4% | -36% | -36.8% | -33% | - |
| Value Creation Index ⓘ | -1.7 | -3.1 | -2.7 | -3.6 | -3.4 | -2.5 | -3.7 | -3.7 | -3.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||||||
| Sales ⓘ | 77.9 | 564 | 889 | 1,791 | 2,230 | 853 | 767 | 176 | 296 | 296 |
| Sales YoY Gr. | - | 623.4% | 57.7% | 101.5% | 24.5% | -61.7% | -10.1% | -77.1% | 68.7% | - |
| Adj EPS ⓘ | -2.9 | -15.2 | -20.7 | -60.8 | -80.5 | -41.3 | -52.2 | -41.2 | -29.3 | -9.5 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 29.8 | 55.1 | 34 | 78.3 | 82.9 | 38.2 | 76.1 | 24.5 | 27.8 | 86.2 |
| Adj Net Profit ⓘ | -16.5 | -86.5 | -117 | -345 | -457 | -234 | -295 | -233 | -165 | -167 |
| Cash Flow from Ops. ⓘ | -82.2 | -179 | -225 | -492 | -438 | 59.2 | -74.8 | -125 | 57.7 | - |
| Debt/CF from Ops. ⓘ | 0 | -0.5 | -1.2 | -1.1 | -1.2 | 6.7 | -2.5 | -1.3 | 2.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | -30.2% | -29.7% | 68.7% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | -18.7% | -10.1% | 13.6% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -9.8 | -36.3 | -46.1 | -76.2 | -75.2 | -58.8 | -67.3 | -49.5 | -50 | -16.7 |
| Op. Profit Mgn % ⓘ | -25.2 | -14.5 | -12.2 | -17.1 | -18.6 | -22.5 | -36.9 | -127.8 | -52.3 | -14.2 |
| Net Profit Mgn % ⓘ | -21.2 | -15.4 | -13.2 | -19.3 | -20.5 | -27.4 | -38.5 | -132.8 | -55.8 | -56.5 |
| Debt to Equity ⓘ | 0 | 0.3 | 1.4 | 1.2 | 1.2 | 1.8 | 0.4 | 1.2 | 1.1 | 0 |
| Working Cap Days ⓘ | 0 | 82 | 102 | 92 | 99 | 235 | 218 | 708 | 232 | 251 |
| Cash Conv. Cycle ⓘ | 0 | 65 | 78 | 65 | 67 | 146 | 107 | 321 | 77 | 153 |
Sales growth is good in last 4 quarters at 27.03%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -29.71%
Debt to equity has increased versus last 3 years average to 1.10
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -9.5 | -11 |
| TTM Sales (₹ Cr.) | 296 | 297 |
| BVPS (₹.) ⓘ | 86.2 | 86.3 |
| Reserves (₹ Cr.) ⓘ | 1,504 | 1,506 |
| P/BV ⓘ | 6.06 | 6.05 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 248.25 / 546.80 |
| All Time Low / High (₹) | 248.25 / 546.80 |
| Market Cap (₹ Cr.) | 9,224 |
| Equity (₹ Cr.) | 17.7 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 40.5 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 78 | 564 | 889 | 1,791 | 2,230 | 853 | 767 | 176 | 296 |
| Operating Expenses ⓘ | 97 | 645 | 997 | 2,097 | 2,644 | 1,046 | 1,050 | 414 | 463 |
| Manufacturing Costs | 1 | 17 | 16 | 29 | 4 | 30 | 713 | 109 | 98 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 9 | 39 | 59 | 86 | 171 | 116 | 224 | 216 | 287 |
| Other Costs ⓘ | 88 | 590 | 922 | 1,982 | 2,470 | 900 | 114 | 90 | 78 |
| Operating Profit ⓘ | -20 | -81 | -109 | -306 | -414 | -192 | -283 | -239 | -166 |
| Operating Profit Margin (%) | -25.2% | -14.5% | -12.2% | -17.1% | -18.6% | -22.5% | -36.9% | -135.0% | -56.1% |
| Other Income ⓘ | 3 | 3 | 13 | 12 | 54 | 27 | 36 | 20 | 27 |
| Interest ⓘ | 0 | 8 | 20 | 48 | 76 | 57 | 31 | 4 | 3 |
| Depreciation ⓘ | 0 | 1 | 1 | 3 | 9 | 11 | 15 | 20 | 25 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -16 | -87 | -117 | -345 | -446 | -234 | -293 | -243 | -168 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -16 | -87 | -117 | -345 | -446 | -234 | -293 | -243 | -168 |
| PAT Margin (%) | -21.2% | -15.4% | -13.1% | -19.3% | -20.0% | -27.4% | -38.2% | -138.0% | -56.5% |
| Adjusted EPS (₹) | -2.9 | -15.7 | -21.2 | -62.6 | -80.9 | -41.2 | -51.7 | -44.1 | -30.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 169 | 304 | 187 | 431 | 457 | 217 | 432 | 135 | 153 | |
| Share Capital ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Reserves ⓘ | 169 | 303 | 187 | 431 | 457 | 217 | 432 | 135 | 153 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Debt | 0 | 87 | 252 | 487 | 480 | 332 | 185 | 166 | 169 | |
| Long Term Debt | 0 | 0 | 39 | 71 | 85 | 64 | 12 | 0 | 0 | |
| Short Term Debt | 0 | 87 | 213 | 416 | 396 | 268 | 173 | 166 | 169 | |
| Trade Payables | 5 | 7 | 17 | 39 | 21 | 16 | 18 | 16 | 15 | |
| Others Liabilities ⓘ | 7 | 9 | 33 | 371 | 185 | 211 | 250 | 337 | 311 | |
| Total Liabilities ⓘ | 181 | 407 | 489 | 1,328 | 1,143 | 776 | 884 | 654 | 648 | |
Fixed Assets | ||||||||||
| Gross Block | 1 | 3 | 6 | 13 | 37 | 39 | 60 | 82 | 98 | |
| Accumulated Depreciation | 0 | 1 | 2 | 5 | 14 | 24 | 39 | 51 | 58 | |
| Net Fixed Assetsⓘ | 1 | 2 | 4 | 8 | 23 | 15 | 21 | 31 | 39 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investmentsⓘ | 0 | 0 | 9 | 261 | 305 | 56 | 243 | 222 | 75 | |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Receivables | 64 | 147 | 256 | 436 | 438 | 280 | 198 | 127 | 21 | |
Cash Equivalents  ⓘ
| 104 | 227 | 159 | 474 | 192 | 226 | 180 | 160 | 328 | |
| Others Assetsⓘ | 12 | 31 | 61 | 150 | 184 | 199 | 242 | 115 | 185 | |
| Total Assets ⓘ | 181 | 407 | 489 | 1,328 | 1,143 | 776 | 884 | 654 | 648 | |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -82 | -179 | -225 | -492 | -438 | 59 | -75 | -125 | 58 |
| PBT ⓘ | -16 | -87 | -117 | -345 | -446 | -234 | -293 | -297 | -194 |
| Adjustment ⓘ | -3 | 18 | 30 | 128 | 167 | 39 | 146 | 134 | 198 |
| Changes in Working Capital ⓘ | -62 | -104 | -129 | -259 | -142 | 145 | 68 | 36 | 47 |
| Tax Paid ⓘ | -1 | -6 | -10 | -16 | -18 | 23 | 6 | 3 | 7 |
| Cash Flow From Investing Activity ⓘ | -44 | -146 | 105 | -274 | -22 | 182 | -216 | 169 | 11 |
| Capex | -1 | -2 | -3 | -7 | -9 | -4 | 15 | -25 | -24 |
| Net Investments | -45 | -147 | 95 | -265 | -34 | 250 | -181 | 54 | 44 |
| Others ⓘ | 3 | 2 | 12 | -2 | 21 | -64 | -50 | 141 | -9 |
| Cash Flow From Financing Activityⓘ | 185 | 302 | 115 | 1,060 | 173 | -213 | 272 | -27 | -18 |
| Net Proceeds from Shares ⓘ | 185 | 221 | 0 | 839 | 0 | 0 | 508 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 41 | -205 | -12 | 0 |
| Interest Paid ⓘ | 0 | -7 | -17 | -44 | -66 | -53 | -29 | -11 | -10 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 87 | 132 | 265 | 239 | -202 | -2 | -5 | -8 |
| Net Cash Flow ⓘ | 59 | -23 | -6 | 294 | -287 | 27 | -19 | 17 | 51 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -9.76 | -36.64 | -47.59 | -111.55 | -100.33 | -69.38 | -90.48 | -85.82 | -116.43 | |
| ROCE (%) | -9.7 | -27.96 | -22.55 | -35 | -32.3 | -20.39 | -35.97 | -36.83 | -32.95 | |
| Asset Turnover Ratio | 0.43 | 1.92 | 1.98 | 1.97 | 1.8 | 0.89 | 0.92 | 0.23 | 0.46 | |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 302 | 68 | 83 | 71 | 72 | 153 | 114 | 337 | 91 | |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Zinka Logistics Solutions Limited was incorporated as ‘Zinka Logistics Solutions Private Limited’ at Bengaluru, Karnataka as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated April 20, 2015, issued by the Registrar of Companies. Subsequently, the company was converted to a public limited company and the name of the company changed to ‘Zinka Logistics Solutions Limited’ pursuant to a Shareholders’ resolution dated June 11, 2024 and a fresh certificate of incorporation dated June 19, 2024 was issued by the Registrar of Companies.
Zinka Logistics Solution is India’s largest digital platform for truck operators. India’s growing economy needs the support of robust logistical capabilities and small and medium size truck operators are the backbone of logistics in the country. These truck operators are served through value chains which are unorganized and fragmented, making their operations inefficient. It is on a mission to digitally empower India’s truck operators, helping them manage their business and grow their income. Using its platform, its customers (primarily comprising truck operators) digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics, find loads on its marketplace and get access to financing for the purchase of used vehicles.
Truck operators use the BlackBuck mobile application (the BlackBuck App) for their diverse business needs. Its offerings solve critical problems for its customers and form an integral part of their daily lives. The needs of the trucking industry are very specific and the truck operator's demography in India is unique. It has built its offerings and distribution strategy specifically for these users and the industry, and this is the key underlying reason for the strong truck operator engagement on the BlackBuck App and the market share it possess. The company follows an omnichannel customer onboarding and servicing strategy, which is made specifically for the demography of its customer base. It has a digital-led marketing strategy which provides awareness of its solutions and brand to customers. Using a combination of an on-ground sales force, channel partners and tele sales it supports customers through their entire onboarding process.
Business area of the company
The company is India’s largest digital platform for truck operators. Using its platform, its customers (primarily comprising truck operators) digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics (i.e., vehicle tracking and fuel monitoring solutions), find loads on its marketplace and get access to financing for the purchase of used vehicles.
Awards, accreditations and recognitions
History and milestones
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