BLACKBUCKServices

BLACKBUCK LIMITED

Transport Related Services · ISIN INE0UIZ01018 · BSE 544288 · NSE EQ · FV ₹1
Last price
₹612
-1.22%today
What this company does

BLACKBUCK LIMITED operates in Transport Related Services, part of the Services sector. It booked ₹204 cr of revenue in its latest quarter (Q1 FY27) and kept 20.7% of sales as profit.

In the report:
56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of companies in Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 17–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
57

At close. Not part of the score.

Profitability & returns57

How much profit it earns on the money it employs

Balance sheet85

How much it owes, and whether earnings cover the interest

Cash quality47

Whether reported profit actually arrives as cash

Valuation10

What today's price implies, against our models or its peers

Governance & risk79

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 21% net margin
Sales up 42% vs last year
Profit up 25% vs last year
Virtually debt-free
Turns profit into real cash
Watch-outs
! 1.4% of promoter stake pledged

What if I invest in BLACKBUCK?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹612 -1.22%
latest close · 2026-09-17
52-wk low ₹51742 sessions so far52-wk high ₹644
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio66.2High
LowAverageHigh
P/B ratio7.83High
Below bookModerateHigh
EV / EBITDA41.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.9%Fair
WeakFairStrong ▸15%
Return on capital11.8%Fair
WeakFairStrong
Net margin20.7%Strong
ThinDecentStrong
EBITDA margin32.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.02Comfortable
LowModerateHigh ▸1
Interest cover31.9×Strong
RiskyOkayStrong ▸5×
Current ratio3.33Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹11,138 cr
Book value
₹78
EPS
₹2.31
latest quarter
Net debt
₹-66 cr
more cash than debt
Enterprise value
₹11,072 cr
EBITDA
₹264 cr
annualised
EBIT
₹174 cr
annualised
Operating margin
21.3%
Return on assets
9.7%
Earnings yield
1.51%
P/S
13.64
Sales / share
₹44.8
Tax rate
-0.1%
Face value
₹1
Shares
18.2 cr
Working capital
₹609 cr
Current assets
₹870 cr
Current liabilities
₹261 cr
Delivery %
50.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹13₹34, midpoint ₹23

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹204 cr
Other Income₹16 cr
Total Income₹220 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹43 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹23 cr
Other Expenses₹112 cr
Total Expenses₹178 cr
Profit before Tax₹42 cr
Tax Expense₹-4.5 L
Net Profit₹42 cr
Net margin on total income19.1%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹43 cr19.3%
Finance costs₹1 cr0.6%
Depreciation & amortisation₹23 cr10.2%
Other expenses₹112 cr50.7%
Profit for the period₹42 cr19.1%
Total income ₹220 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue172 cr185 cr204 cr
Total income188 cr200 cr220 cr
Expenses142 cr159 cr178 cr
Profit before tax42 cr40 cr42 cr
Tax11 cr-25 cr-4.5 L
Net profit (owners' share)32 cr66 cr42 cr
Net margin (owners' share, on revenue)18.5%35.4%20.7%
EPS (₹)1.743.602.31
YoY (latest quarter): total income +38.2% · net profit +25.1%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,736 cr
Shareholder equity
₹1,422 cr
parent shareholders
Total debt
₹26 cr
Cash
₹92 cr
Cash flow · H1 FY26
Operating
₹130 cr
Investing
₹-157 cr
Financing
₹-4 cr
Peer comparison
Services · by market value (sector-level match)
CompanyPriceMarket capP/E
Adani Ports and Special Economic Zone Limited₹1,738₹4.00 L cr27.7
InterGlobe Aviation Limited₹4,845₹1.87 L cr
GMR AIRPORTS LIMITED₹95₹1.56 L cr264.0
JSW Infrastructure Limited₹327₹75,897 cr49.5
Container Corporation of India Limited₹488₹37,178 cr34.6
Delhivery Limited₹426₹31,897 cr247.6
Redington Limited₹400₹31,278 cr16.1
The Great Eastern Shipping Company Limited₹1,425₹20,346 cr3.9
Firstsource Solutions Limited₹273₹19,035 cr28.4
Same sector · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
1.4% pledged
Promoter
25.0%
FII / Foreign
31.5%
DII / Domestic
14.4%
Retail / others
29.1%
Promoter stake down 2.8% over the last 8 quarters.
Smart-money activity
Insider trades
SoldRAMASUBRAMANIAN BALASUBRAMANIAM · Promoters8.00 L · ₹54.1 cr18 Nov 25
SoldCHANAKYA HRIDAYA · Promoters8.00 L · ₹54.1 cr18 Nov 25
SoldRAJESH KUMAR NAIDU YABAJI · Promoters20.00 L · ₹135.3 cr18 Nov 25
Bulk / block deals
short · NSE115 Sep 26
SoldACCEL INDIA IV (MAURITIUS) LIMITED · NSE27.00 L @ ₹576.0511 Sep 26
BoughtABAKKUS INVESTMENT MANAGERS PRIVATE LIMITED · NSE21.00 L @ ₹576.0511 Sep 26
Stake changes
SoldSBI Mutual fund under its Various Schemes→ 4.41% · 4.98 L12 Feb 26
SoldChanakya Hridaya · promoter→ 7.45% · 8.00 L18 Nov 25
SoldRamasubramanian Balasubramaniam · promoter→ 6.98% · 8.00 L18 Nov 25
Promoter pledges
Pledged360 One Distribution Services Ltd6.30 L · 0.00% held29 Jun 26
Pledged360 One Distribution Services Limited6.30 L · 0.00% held29 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 12 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Standalone & Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
7.39 cr votes for, 108 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Mr. Ramasubramanian Balasubramaniam (DIN: 00442915), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 99% of shareholders other than promotersneeded 50%
7.35 cr votes for, 4.26 L against · 1% of mutual funds and other big investors said no
3
To appoint M/S B S R & Co. LLP Chartered Accountants (FRN: 101248W/-W-100022) as Statutory Auditors of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
7.39 cr votes for, 108 against · 0% of mutual funds and other big investors said no
4
To appoint CS Pramod S (Practicing Company Secretary) (ICSI Membership No: A36020, COP: 13335) as Secretarial Auditor of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
7.39 cr votes for, 108 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 33 named members
owning 18.1% between them · as of 2026-06-30
RAJESH KUMAR NAIDU YABAJI10.62%
CHANAKYA HRIDAYA7.39%
YABAJI RAJKUMARI0.07%
204 Venturesno shares
Amurugam A Aramvalarthanathanno shares
Anusha Thummalano shares
Apurva Jainno shares
Arumugam Pillai Aramvalarthanathanno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹550 cr raised in Nov 2024 by selling shares to the public

As of Jun 2026, the company says it has spent 90% of what it set aside, leaving ₹57 cr still to be spent. ICRA Limited watches the spending on the exchange’s behalf.

Funding towards sales and marketing costs
now filed as: Not Applicable, since there is no deviation from the Object.
86%
₹171 cr of ₹200 cr
Investment in Blackbuck Finserve Private Limited, NBFC subsidiary for financing the augmentation of its capital base to meet its future capital requirements
now filed as: Not Applicable, since there is no deviation from the Object.
100%
₹140 cr of ₹140 cr
Funding of expenditure in relation to product development
now filed as: Not Applicable, since there is no deviation from the Object.
80%
₹60 cr of ₹75 cr
General corporate purposes
now filed as: Not Applicable, since there is no deviation from the Object.
90%
₹122 cr of ₹135 cr
Spent by quarter: 31%37%45%72%81%90% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.