ZINKA LOGISTICS SOL LTD (BLACKBUCK) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of ZINKA LOGISTICS SOL LTD ₹299, price ₹599, upside -50.0%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
22‑month range ₹253.15 – ₹733.50 · fair‑value band ₹189.88 – ₹361.14 · the ₹598.95 price screens above the ₹299.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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BlackBuck Limited provides digital platform for truck operators in India. The company provides tracking; digital marketplace for loads; fuel cards; and technology led vehicle finance platform, as well as financing for the purchase of used vehicles.
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BlackBuck Limited provides digital platform for truck operators in India. The company provides tracking; digital marketplace for loads; fuel cards; and technology led vehicle finance platform, as well as financing for the purchase of used vehicles. It also offers digital platforms to digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics. BlackBuck Limited was formerly known as Zinka Logistics Solutions Limited and changed its name to BlackBuck Limited in August 2025. The company was incorporated in 2015 and is based in Bengaluru, India.
Stock analysis
ZINKA LOGISTICS SOL LTD (BLACKBUCK) currently trades at ₹598.95, while our model-based Fair Value estimate is ₹299.30, implying the stock looks roughly 100.1% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹403.02 per share, and 0 of the 24 models we run sit above the ₹598.95 price.
Bear case: the Asset-Based group reads lowest at ₹52.30, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹189.88 (bear) to ₹361.14 (bull), the price of ₹598.95 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
ZINKA LOGISTICS SOL LTD reported revenue of ₹6.5B in FY2026 versus ₹1.2B in FY2022, a compound +52.9%/yr. Reported net income was ₹1.6B in FY2026.
Key figures
Market cap ₹110B (≈ $1.1B) · P/E ratio 68.2 · P/S ratio 16.8 · EPS (TTM) ₹8.78 · Net margin 24.6% · Return on equity 12.1% · Return on assets (EBIT) −16.4% · Operating margin 14.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −50%, BLACKBUCK screens richer than that median.
Fair Value models
Bear ₹189.88Fair Value ₹299.30Bull ₹361.14
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹4.33 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−206.4% (2022) → 17.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+53.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+28.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +47.1% a year for the price and +23.3% for the forecasts.
Compare ZINKA LOGISTICS SOL LTD with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 704 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−50.0% · Below median
Profitability
Return on equity (TTM)12.1% · Above median
Return on assets4.5% · Above median
Net margin (TTM)24.6% · Top 25%
Operating margin (TTM)14.9% · Top 25%
Growth and dividend
Revenue growth52.5% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (TTM)68.2× · Priciest 25%
P/B7.71× · Priciest 25%
P/S (TTM)16.82× · Priciest 25%
P/FCF1.1× · Cheapest 25%
EV/EBITDA62.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)100· sector 36
PAST (return on equity)48· sector 16
HEALTH (low debt)100· sector 97
DIVIDEND (yield)0· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ZINKA LOGISTICS SOL LTD Fair Value". https://www.fairvalue-calculator.com/stock/BLACKBUCK
Frequently asked questions
Is ZINKA LOGISTICS SOL LTD (BLACKBUCK) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹299.30 versus a price of ₹598.95, about −50% upside (overvalued).
What is the fair value of BLACKBUCK?
Our model-based fair value for ZINKA LOGISTICS SOL LTD is ₹299.30 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹598.95.
What is the quality score of BLACKBUCK?
ZINKA LOGISTICS SOL LTD has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
Our model-based price target is the fair value of ₹299.30 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario ₹189.88, optimistic scenario ₹361.14. It is a calculation from audited fundamentals, not an analyst target.
What is the ZINKA LOGISTICS SOL LTD stock forecast for 2026?
Our models put fair value at ₹299.30, about −50% upside versus a price of ₹598.95 (overvalued). Cautious scenario ₹189.88, optimistic scenario ₹361.14. The calculation is refreshed regularly with new filings.
What is the revenue of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
ZINKA LOGISTICS SOL LTD reported trailing-twelve-month revenue of about ₹6.5B (latest available figure, as of Sep 27, 2026).
What growth is priced into ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
For today's price to be fair in a discounted-cash-flow model, ZINKA LOGISTICS SOL LTD would have to grow free cash flow by +53.2 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +52.9 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of BLACKBUCK use?
Our models discount ZINKA LOGISTICS SOL LTD at 13.9 %: a base by market capitalisation (small), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ZINKA LOGISTICS SOL LTD that is +53.2 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has ZINKA LOGISTICS SOL LTD (BLACKBUCK) delivered so far?
Over the past 4 years revenue at ZINKA LOGISTICS SOL LTD grew +52.9 % a year. The price currently implies +53.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ZINKA LOGISTICS SOL LTD (BLACKBUCK) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into ZINKA LOGISTICS SOL LTD (+53.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
The free-cash-flow yield on the price is 0.96 %: that much free cash flow ZINKA LOGISTICS SOL LTD produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ZINKA LOGISTICS SOL LTD it is ₹299.30 per share (as of Sep 27, 2026), against a price of ₹598.95. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is ZINKA LOGISTICS SOL LTD stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BLACKBUCK trades above its calculated fair value: price ₹598.95, fair value ₹299.30, a gap of about −50% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BLACKBUCK?
No. The price is what the market pays today (₹598.95); the fair value is what the company's own numbers justify (₹299.30). For ZINKA LOGISTICS SOL LTD the two are ₹299.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is ZINKA LOGISTICS SOL LTD worth?
The market values ZINKA LOGISTICS SOL LTD at about ₹110B (market capitalisation, as of Sep 27, 2026). Per share that is ₹598.95; our models calculate a fair value of ₹299.30 per share.
What do the bullish and bearish scenarios say about BLACKBUCK?
Our models span a range for ZINKA LOGISTICS SOL LTD: cautious scenario ₹189.88, base ₹299.30, optimistic ₹361.14 per share (as of Sep 27, 2026, price ₹598.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BLACKBUCK?
ZINKA LOGISTICS SOL LTD trades at a price-to-earnings ratio of 68.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹299.30 is built from several models across several years. Other multiples: P/B 7.7, P/S 16.8, EV/EBITDA 62.0.
How solid is the balance sheet of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
Balance-sheet figures for ZINKA LOGISTICS SOL LTD (as of Sep 27, 2026): return on equity 12.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is BLACKBUCK from its 52-week high?
ZINKA LOGISTICS SOL LTD trades at ₹598.95, about 18% below its 52-week high of ₹733.50 and 20% above the low of ₹500.20 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹299.30 is for.
Which stocks are comparable to ZINKA LOGISTICS SOL LTD?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ZINKA LOGISTICS SOL LTD stock attractive at the current price?
The data as of Sep 27, 2026: price ₹598.95, calculated fair value ₹299.30 (−50%), Quality Score 59/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BLACKBUCK calculated?
We run ZINKA LOGISTICS SOL LTD through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹299.30, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. ZINKA LOGISTICS SOL LTD itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
The closing price on Sep 25, 2026 was ₹598.95. Our model-based fair value is ₹299.30, about −50% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ZINKA LOGISTICS SOL LTD right now?
The price sits above even our optimistic bull case (₹361.14). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹189.88 to ₹361.14) leaves room in how you read the outcome.
Key figures of ZINKA LOGISTICS SOL LTD
How large is the market capitalisation of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
The market capitalisation of ZINKA LOGISTICS SOL LTD is ₹110B (≈ $1.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
The price-to-sales ratio of ZINKA LOGISTICS SOL LTD is 16.8 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
Earnings per share at ZINKA LOGISTICS SOL LTD are ₹8.78 (price ÷ EPS = P/E 68.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
The net margin of ZINKA LOGISTICS SOL LTD is 24.6% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
The return on equity (ROE) of ZINKA LOGISTICS SOL LTD is 12.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
On an EBIT basis the return on assets of ZINKA LOGISTICS SOL LTD is −16.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
The operating margin of ZINKA LOGISTICS SOL LTD is 14.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
Revenue at ZINKA LOGISTICS SOL LTD is growing +52.5% versus a year earlier (3y avg +54.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ZINKA LOGISTICS SOL LTD (BLACKBUCK)?
Earnings per share at ZINKA LOGISTICS SOL LTD are growing −85.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does ZINKA LOGISTICS SOL LTD (BLACKBUCK) hold?
ZINKA LOGISTICS SOL LTD holds more cash than debt, ₹5.8B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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