Zaggle Prepaid Ocean Services Ltd.

•

zaggle.inBSE: 543985NSE: ZAGGLE

Market Cap₹ 2,512 Cr.

Current Price

High / Low₹ 405 / 154

Stock P/E19.4

Book Value₹ 104

Price to Book1.82

Dividend Yield0.00 %

ROCE14.1 %

ROE10.6 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Propel Platform Revenue / Gift Cards: 58.1% • Program Fee: 39.4% • Platform Fee / Saas Fee / Service Fee: 2.5%

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Company is almost debt free
Company comfortably covers its interest (33.7x coverage)
Stock looks reasonably valued - P/E of 19.4 is below its historical median
Working capital cycle has improved - days down from 280 to 204
Attractively priced for its growth - PEG of 0.2

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.42x)
Total debt has risen sharply - up 431.8% year on year
Equity base is being diluted - shares outstanding up 45.8%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	TCS	2202.00	16.00	796702.87	5.00	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1038.20	13.91	421325.69	4.62	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1207.00	18.80	327539.38	4.47	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1539.50	29.38	150891.59	3.31	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4301.15	24.39	127581.28	1.74	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11760.00	30.01	102409.76	3.40	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5537.45	45.42	87353.27	0.72	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1847.40	46.58	81835.77	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2294.10	22.92	43790.98	2.70	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3334.95	26.80	35379.24	1.74	357.10	12.97	2940.10	11.47	27.70	18.65
12.	ZAGGLE	186.85	19.40	2512.36	0.00	17.53	-32.86	423.26	27.50	14.10	7.85

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	118	184	200	273	252	303	337	412	332	432	526	618	423
	111	169	179	246	230	276	308	376	301	388	473	560	407
Operating Profit	8	15	20	27	22	27	29	36	30	44	52	58	17
OPM %	6.72%	8.16%	10.22%	9.96%	8.90%	8.83%	8.60%	8.72%	9.19%	10.17%	9.92%	9.44%	3.91%
	1	1	4	5	5	6	4	13	12	9	9	8	7
Interest	4	3	2	4	2	2	2	1	1	1	1	2	2
Depreciation	2	2	2	2	2	2	4	6	7	7	10	13	13
Profit before Tax	3	10	21	26	23	28	26	41	34	44	50	53	25
Tax %	31.44%	23.59%	27.18%	26.19%	26.54%	27.82%	24.82%	24.61%	25.34%	25.30%	25.51%	26.35%	31.22%
Net Profit	0	0	0	0	17	20	20	31	26	35	37	41	18
	0.24	0.78	1.47	1.57	1.37	1.66	1.61	2.32	1.94	2.61	2.76	3.02	1.30

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	553	776	1,304	1,908	1,999
	507	705	1,190	1,722	1,828
Operating Profit	47	71	114	185	171
OPM %	8.41%	9.11%	8.75%	9.71%	8.56%
	3	11	27	38	33
Interest	11	14	8	6	6
Depreciation	6	8	15	37	43
Profit before Tax	32	60	118	185	172
Tax %	27.61%	26.36%	25.77%	25.06%	26.56%
Net Profit	23	44	88	139	126
EPS	2.46	3.59	6.55	10.27	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 51%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 82%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -49%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 12%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9	12	13	13
Minority Interest	0	0	1	3
	25	547	1,221	1,368
	137	60	15	49
Trade Payables	9	2	5	21
	57	72	59	101
Total Liabilities	237	693	1,314	1,553
	29	23	142	219
	2	27	25	32
	0	0	0	1
	0	175	215	361
Cash & Bank	23	279	653	546
	184	190	279	395
Total Assets	237	693	1,314	1,553

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-12	-83	20	-51
Cash from Investing	-18	-332	-486	70
Cash from Financing	53	403	496	44
	19	-12	30	63

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43.93	43.88	40.09	44.21	44.20	44.20	44.13	44.15	44.30
	5.95	6.14	9.41	8.44	8.50	8.64	7.61	4.06	2.31
	5.44	8.80	12.98	11.53	8.91	6.88	6.00	5.65	3.71
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	44.68	41.16	37.52	35.81	38.38	40.28	42.25	46.13	49.69

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Updates

2026-09-09 - Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Update to the disclosure made on March 26, 2026

2026-09-08

General Updates

2026-09-08 - Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Newspaper Publication

2026-09-07

General Updates

2026-09-07 - Zaggle Prepaid Ocean Services Limited has informed the Exchange about Business Responsibility and Sustainability Report for the financial year 2025-26

2026-09-07

Shareholders meeting

2026-09-07 - Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Notice and Annual Report of the 15th Annual General Meeting to be held on September 29, 2026

2026-08-29

General Updates

2026-08-29 - Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding newspaper publication

2026-08-21

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-21 - Zaggle Prepaid Ocean Services Limited has informed the Exchange about Transcript

2026-08-15

General Updates

2026-08-15 - Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Update to the disclosure made on May 24, 2024

2026-08-14

General Updates

2026-08-14 - Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding Monitoring Agency Report for the quarter ended June 30, 2026

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Zaggle Prepaid Ocean Services Limited has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for ZAGGLE

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AI Stock Analyst

Zaggle Prepaid Ocean Services Ltd.

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Free 5nance Account

Name

TCS

2202.00

16.00

796702.87

5.00

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1038.20

13.91

421325.69

4.62

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1207.00

18.80

327539.38

4.47

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

167.50

12.55

165902.38

6.57

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1539.50

29.38

150891.59

3.31

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4301.15

24.39

127581.28

1.74

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

11760.00

30.01

102409.76

3.40

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5537.45

45.42

87353.27

0.72

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1847.40

46.58

81835.77

0.86

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2294.10

22.92

43790.98

2.70

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3334.95

26.80

35379.24

1.74

357.10

12.97

2940.10

11.47

27.70

18.65

ZAGGLE

186.85

19.40

2512.36

0.00

17.53

-32.86

423.26

27.50

14.10

7.85

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

118

184

200

273

252

303

337

412

332

432

526

618

423

111

169

179

246

230

276

308

376

301

388

473

560

407

Operating Profit

OPM %

6.72%

8.16%

10.22%

9.96%

8.90%

8.83%

8.60%

8.72%

9.19%

10.17%

9.92%

9.44%

3.91%

Interest

Depreciation

Profit before Tax

Tax %

31.44%

23.59%

27.18%

26.19%

26.54%

27.82%

24.82%

24.61%

25.34%

25.30%

25.51%

26.35%

31.22%

Net Profit

0.24

0.78

1.47

1.57

1.37

1.66

1.61

2.32

1.94

2.61

2.76

3.02

1.30

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

553

776

1,304

1,908

1,999

507

705

1,190

1,722

1,828

Operating Profit

114

185

171

OPM %

8.41%

9.11%

8.75%

9.71%

8.56%

Interest

Depreciation

Profit before Tax

118

185

172

Tax %

27.61%

26.36%

25.77%

25.06%

26.56%

Net Profit

139

126

EPS

2.46

3.59

6.55

10.27

—

Dividend Payout %

0.00%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

547

1,221

1,368

137

Trade Payables

101

Total Liabilities

237

693

1,314

1,553

142

219

175

215

361

Cash & Bank

279

653

546

184

190

279

395

Total Assets

237

693

1,314

1,553

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-12

-83

-51

Cash from Investing

-18

-332

-486

Cash from Financing

403

496

-12

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

43.93

43.88

40.09

44.21

44.20

44.13

44.15

44.30

5.95

6.14

9.41

8.44

8.50

8.64

7.61

4.06

2.31

5.44

8.80

12.98

11.53

8.91

6.88

6.00

5.65

3.71

Government

0.00

44.68

41.16

37.52

35.81

38.38

40.28

42.25

46.13

49.69

Zaggle Prepaid Ocean Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Zaggle Prepaid Ocean Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI