Zinka Logistics shares in focus as Quickroutes plans Rs 647 crore stake sale
Zinka Logistics Solutions
shares will be in focus on Tuesday as
Quickroutes International
is expected to divest a 9% stake in the company through a block deal, aiming to raise approximately Rs 647 crore, CNBC-TV18 reported, citing sources.
The floor price for the deal has been set at Rs 405 per share, the sources added.
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Zinka Logistics, incorporated on April 20, 2015, operates what is considered the country's largest
digital platform for truck operators
by user count. In FY24, over 9.6 lakh truck operators—representing 27.52% of India's total—used the platform.
The platform enables truck operators to manage toll and fuel payments, monitor fleets using telematics, find freight via a digital marketplace, and access financing for used vehicles. Most users access these services through the BlackBuck mobile app.
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Financials
For the quarter ended March 31, 2025, Zinka Logistics reported a consolidated total income of Rs 136.76 crore, up 11.03% from Rs 123.18 crore in the previous quarter and 47.54% higher than Rs 92.69 crore in the year-ago period. Net profit after tax stood at Rs 280.17 crore.
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Shareholding Pattern
As of March 31, 2025, promoters held a 27.7% stake in the company. Foreign institutional investors (FIIs) owned 11.59%, while domestic institutional investors (DIIs) held 10.26%.
Zinka Logistics share price target
According to Trendlyne, the average target price for Zinka Logistics is Rs 571, indicating a potential upside of nearly 31% from current levels. Of the six analysts tracking the stock, the consensus rating is 'Buy'.
Zinka Logistics shares
are down 4% year-to-date but have gained 35% over the past six months. The company's current market capitalisation stands at Rs 7,814 crore.
(
Disclaimer
: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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