Chris Cross

Building trains. I take cars from a hundred places and assemble them into unit trains bound for cities, ports, and factories.

[Chris Cross @ChrisCrossaha]

Reliable information comes like a wave from the ocean.
https://t.co/lSGcvKMuyI

[SABARI SECURITIES @sabarisec]

Track-list update = first stock to be added from the logistics sector is ZINKA LOGISTICS (BLACKBUCK)

#zinkalogistics #sabarisec

ALMOST DEBT FREE + TURNAROUND 👍

Business Profile:

1. Zinka Logistics Solutions Ltd provides a digital trucking platform for payments, telematics, loads marketplace, and vehicle financing services

2. ZLSL began with an asset-light FTL model focused on long-haul trucking. Its current operations include:


a) Freight: Operating an asset-light model for long-haul FTL, ZLSL specializes in open-truck, standard-delivery, and inter-city freight services.


b) Truck Operator Services: ZLSL offers Fastags, fuel loyalty cards, and GPS tracking subscriptions to truck operators. Initially supporting its freight segment, this service has now evolved into a comprehensive solution for fleet owners, covering everything from fuel management to load boards.

3. Services Offered:

a) Payments: Tolling, Fueling

b) Telematics: GPS, Fuel Sensor

c) Loads Marketplace: Listing Marketplace, Freight Brokerage

d) Vehicle Financing: Used Vehicle Financing

4. Online Platform:


The company operates India's largest digital platform for truck operators, with 963,345 users, representing 27.52% of the country's truck operators in FY24. Its online platform, Blackbuck, connects shippers and truckers, facilitating on-the-spot shipments through a bidding system for price discovery. Additionally, the company has a network of 9,374 digital touchpoints for onboarding and servicing as of June 30, 2024.

5. Revenue Breakup

Commission income ~40%,
Subscription fees ~38%,
Service fees ~16%,
Interest income ~6%

Fundamentals:

1. Market cap = 8,223 crores ✅
2. PE (24.72) < Industry PE (32.74) ✅
3. PEG = 1.12 ✅
4. ROCE = 10.69 ✅
5. ROE = 43 ✅
6. Debt / Equity = 0.01 ✅
7. OPM % = 21.55 ✅

8. FII holding = 11.59 % 👍
9. DII holding = 10.26 % 👍

10. Total cash reserves increased by 4.5X in the last 4 years = 271 cr to 1,220 cr ✅

11. Total borrowings decreased by 10X in the last 4 years = 394 cr to 38 cr ✅

12. Total fixed asset increased by 3X in the last 4 years = 15 cr to 45 cr ✅

13. Cash from operating activity = Positive ✅

14. Operating ratios:

a. Total debtor days reduced from 26 to 23 days ✅
b. Cash conversion cycle has improved from 26 to 33 days ✅
c. Working capital days also improved from (73) to 38 days ✅

[Chris Cross @ChrisCrossaha]

Working with this kind of setup is a real pleasure.

[RWB_American @RWB_American]

Railways need maintenance and repairs of the track system.
They designed some interesting machines to fulfill the task.

[RWB_American @RWB_American]

Railways need maintenance and repairs of the track system.
They designed some interesting machines to fulfill the task.

[Jefferson @Jefferson_MFG]

First trains built by Derby's Bombardier for London Overground enter service - the rolling stock manufacturer is building 54 trains as part of a £260m deal and recently announced plans to create 300 jobs #UKmfg #GBmfg🇬🇧

[Chris Cross @ChrisCrossaha]

Rain turning to ice on the rails. Everything slows down. Switching gets careful, walking gets deliberate. The yard doesn't stop, but it respects the weather.
Time for another round of switching lists and hot coffee.
The yard is never quiet, but it has its rhythm.

[Chris Cross @ChrisCrossaha]

New hire was learning to throw switches. It's all about the clunk—a solid, deep sound means it's locked. A tinny click means it's not. He heard it on the third try. Nodded. He'll be alright.

[Chris Cross @ChrisCrossaha]

Midnight shift. Just built a unit train of grain hoppers for the Gulf Coast. 110 cars, all in order, all air-tested. The engineer got the highball. Watching a mile-long train you built roll out is a special kind of satisfaction.