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Digital marketplace matching truck owners with shippers, plus fuel cards, tolls and financing for truckers.
Digital marketplace matching truck owners with shippers, plus fuel cards, tolls and financing for truckers.
Revenue comes from several lines: small cuts on the toll and fuel payments it handles for truck owners, subscription fees for vehicle tracking, and charges on freight booking. Payments and tracking, rather than brokering freight itself, are what make each truck owner worth more over time.
In one line: India's Convoy/Uber Freight.
Moat: narrow (network effects, data). Large network of trucks and shippers plus payments data create switching costs, though price competition is high.
Headquarters: Bengaluru, India · Founded: 2015 · Employees: 1,613
Size Blackbuck (BLACKBUCK.NS) is an India Information Technology company (Packaged Software) with a market value of $1.08B, the 572nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹557.55 on 6 Nov 2026.
Performance Over six months the shares fell 0.5%, against -21.7% for the median peer and 0.0% for the India market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 50.2% over the last twelve months (peer median +5.5%); the operating margin is 14.1% (peer median 1.5%).
Valuation It trades at 52.8× forward earnings against a peer median of 24.3× (4th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 35% a year for seven years (Req g). Recent delivered growth is +55%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.9 points above its cost of capital (9.3% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹7.97B | ₹6.52B | ₹4.27B | ₹2.97B | ₹1.76B |
| Revenue growth | — | +53% | +44% | +69% | — |
| Gross profit | ₹1.12B | ₹2.85B | ₹1.27B | -₹1.13B | -₹1.75B |
| EBITDA | ₹1.90B | ₹1.70B | ₹943M | -₹1.55B | -₹2.30B |
| Net income | ₹1.81B | ₹1.60B | -₹86.5M | -₹1.94B | -₹2.90B |
| Free cash flow | n/a | ₹1.06B | ₹339M | ₹225M | -₹1.35B |
| Capital expenditure | n/a | ₹1.12B | ₹436M | ₹243M | ₹256M |
| Total debt | ₹440M | ₹592M | ₹378M | ₹1.84B | ₹1.78B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BLACKBUCK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.6% | -5.2% | 5th lowest of 21 |
| 6-month return | -0.5% | -21.7% | 6th highest of 20 |
| Distance from 52-week high | -22.6% | -42.0% | 6th highest of 21 |
| Revenue growth (TTM) | +50.2% | +5.5% | 3rd highest of 21 |
| Operating margin | 14.1% | 1.5% | 6th highest of 21 |
| Forward P/E | 52.8× | 24.3× | 4th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 34.8% | 7.2% | 2nd most demanding of 9 |
| Growth delivered (Del g) | +54.8% | +11.8% | highest of 9 |
| Hurdle (Req g minus delivered) | -20.1 pp | +0.3 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | +6.9 pp | -6.3 pp | 4th highest of 19 |
| EV / EBITDA | 48.3× | 9.1× | most expensive of 6 |
| Net debt / EBITDA | -5.2× | 0.6× | least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Blackbuck BLACKBUCK.NS | India | $1.08B | -1% | +50% | 14% | 52.8× | 34.8% | +54.8% |
| Bingo Software 688227.SS | China | $1.08B | -56% | -7% | -11% | n/a | n/a | n/a |
| Tansun Technology 300872.SZ | China | $1.08B | -11% | -10% | -12% | 70.3× | n/a | n/a |
| BigBear.ai BBAI | United States | $1.07B | -47% | -1% | -66% | n/a | n/a | n/a |
| Shenzhen Sunline Tech 300348.SZ | China | $1.10B | -22% | +19% | -1% | 84.3× | n/a | n/a |
| Bravura Solutions BVS.AX | Australia | $1.06B | +50% | -10% | 25% | 24.3× | 4.1% | +3.1% |
| PATEO CONNECT Technology (Shanghai) 2889.HK | Hong Kong | $1.05B | -65% | +72% | -24% | n/a | n/a | n/a |
| Sichuan Xun You Network Technology 300467.SZ | China | $1.05B | -22% | +2% | 1% | n/a | n/a | n/a |
| 74Software 74SW.PA | France | $1.11B | -5% | +11% | 14% | 13.3× | -1.7% | +18.9% |
| Suzhou MedicalSystem Technology 603990.SS | China | $1.04B | +44% | -15% | 5% | 95.1× | n/a | n/a |
| Red Violet RDVT | United States | $1.12B | +41% | +20% | 18% | 40.3× | 39.4% | +21.1% |
| Riskified RSKD | United States | $1.13B | +78% | +10% | -4% | 27.3× | 12.6% | +15.3% |
| Hangzhou Diagens Biotechnology 2526.HK | Hong Kong | $1.13B | -68% | +134% | -49% | n/a | n/a | n/a |
| Shanghai Yaoji Technology 002605.SZ | China | $1.14B | -11% | -3% | 20% | 15.0× | 6.4% | +1.0% |
| ZoomInfo Technologies GTM | United States | $1.02B | -45% | +3% | 23% | 3.1× | -9.7% | +21.3% |
| Tuya 2391.HK | Hong Kong | $1.00B | -33% | +7% | 5% | n/a | n/a | n/a |
| Birlasoft BSOFT.NS | India | $998M | -7% | +4% | 15% | 14.8× | 7.9% | +8.4% |
| Merit Interactive 300766.SZ | China | $1.17B | -30% | +30% | -2% | n/a | n/a | n/a |
| Chinasoft International 0354.HK | Hong Kong | $1.18B | 0% | +3% | 2% | 12.4× | 17.8% | +3.1% |
| ICkey (Shanghai) Internet & Technology 301563.SZ | China | $1.19B | -26% | +26% | 4% | n/a | n/a | n/a |
| Beijing Zhongke WengeAI Science and Technology 1956.HK | Hong Kong | $1.19B | n/a | +28% | -54% | n/a | n/a | n/a |