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Zaggle Prepaid Ocean Services Limited ZAGGLE NSETECH

Technology · Software - Infrastructure · India
https://www.zaggle.in

Zaggle Prepaid Ocean Services Limited builds financial products and solutions to manage the business expenses of corporates, small and medium-sized enterprises, and startups through automated workflows. It operates Propel, a corporate software-as-a-service (SaaS) platform for channel rewards and incentives, employee rewards, and recognition; and Save, a SaaS-based platform and a mobile application to offer expense management solution for business spend management facilitating digitized employee reimbursements and tax benefits. The company also provides CEMS, a customer engagement management system that enables merchants to manage their customer experiences, including rewarding merchants through gift card and loyalty benefits; and Zaggle Payroll Card, a prepaid payroll card that enables customers to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers as an alternative to direct deposits to bank accounts or cash payments. In addition, it operates Zoyer, an integrated data driven SaaS based business spend management platform with embedded automated finance capabilities in core invoice to pay workflows. The company was incorporated in 2011 and is based in Mumbai, India.

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₹209.96
-52.45% 1Y

Market & Price

Market Cap
₹2,828.66 Cr
Current Price
₹209.96
High / Low (52W)
₹460.15 / ₹187.47
Beta
0.80

Valuation

Stock P/E
20.44
Industry PE
25.13
Forward P/E
11.33
PEG Ratio
-
Book Value
₹97.83
Price to Book
2.15
P/S
1.48
EV/EBITDA
3.69
Dividend Yield
-

Profitability & Returns

ROCE
13.46%
ROE
10.45%
ROA
28.47%
Profit Margin
7.24%
Op Margin
32.03%
EPS (Latest Qtr)
₹3.02
EPS (TTM)
₹10.27

Balance Sheet & Liquidity

Debt/Equity
3.88
Quick Ratio
6.60
Current Ratio
8.72
Debt
₹54.63 Cr
Total Assets
₹1,553.65 Cr
Current Assets
₹1,206.87 Cr
Working Capital
₹1,068.44 Cr

Ownership

Promoter Holding
52.00%
Chg in Prom Hold
-
FII / Inst Holding
8.78%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹2,545.33 Cr
Total Revenue (TTM)
₹1,907.65 Cr
EBITDA
₹690.22 Cr
Free Cash Flow
₹734.97 Cr
Operating Cash Flow
₹-51.47 Cr
Shares Outstanding
₹13.45 Cr
Gross Margin
41.16%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
51.06%
Profit 5Y
82.01%
Revenue (YoY)
49.90%
Earnings (YoY)
21.90%

PROS

  • Compounding revenue at 51.1% over 5 years.
  • Profit CAGR of 82.0% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 54.4% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ZAGGLE Zaggle Prepaid Ocean Services Limited NSETECH 209.96 20.44 ₹2,828.66 Cr - 13.46% 10.45% 51.06% 82.01%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,258.90 16.61 ₹8.17 L Cr 5.49% 54.93% 48.40% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,160.90 15.01 ₹4.70 L Cr 4.31% 41.66% 31.44% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,183.80 19.31 ₹3.20 L Cr 8.11% 27.21% 23.36% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 204.25 16.26 ₹2.14 L Cr 8.32% 18.42% 15.49% 4.05% 2.44%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,483.90 27.40 ₹1.31 L Cr 3.44% 20.60% 16.61% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,061.60 24.04 ₹1.20 L Cr 1.85% 25.39% 21.29% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,523.90 61.35 ₹1.03 L Cr - 27.64% 24.72% 0.98% -
9 WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH 3,140.80 27.70 ₹90,345.53 Cr 0.13% 24.21% 31.57% 71.63% 191.18%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -412.11 Cr331.96 Cr432.22 Cr525.55 Cr617.92 Cr
Cost of Revenue -239.25 Cr185.24 Cr251.95 Cr302.04 Cr383.17 Cr
Gross Profit -172.85 Cr146.72 Cr180.27 Cr223.51 Cr234.75 Cr
Operating Expenses -143.21 Cr123.25 Cr143.78 Cr181.19 Cr188.95 Cr
Operating Income -29.65 Cr23.47 Cr36.49 Cr42.32 Cr45.80 Cr
EBITDA -48.67 Cr42.85 Cr55.05 Cr60.86 Cr68.61 Cr
Interest Expense -1.13 Cr1.08 Cr1.37 Cr1.28 Cr1.60 Cr
Pretax Income -41.28 Cr34.75 Cr46.21 Cr49.74 Cr54.46 Cr
Tax Provision -10.15 Cr8.64 Cr11.22 Cr12.68 Cr13.86 Cr
Net Income -31.14 Cr26.11 Cr34.98 Cr36.39 Cr40.60 Cr
Diluted EPS -2.311.942.602.753.02

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -553.46 Cr775.60 Cr1,303.76 Cr1,907.65 Cr
Cost of Revenue -360.91 Cr428.61 Cr746.54 Cr1,122.40 Cr
Gross Profit -192.55 Cr346.99 Cr557.22 Cr785.25 Cr
Operating Expenses -151.88 Cr284.62 Cr458.00 Cr637.17 Cr
Operating Income -40.67 Cr62.38 Cr99.22 Cr148.07 Cr
EBITDA -45.97 Cr80.79 Cr140.87 Cr227.37 Cr
Interest Expense -8.14 Cr12.64 Cr7.66 Cr5.33 Cr
Pretax Income -31.64 Cr59.78 Cr118.42 Cr185.16 Cr
Tax Provision -8.73 Cr15.76 Cr30.52 Cr46.40 Cr
Net Income -22.90 Cr44.02 Cr87.92 Cr138.08 Cr
Diluted EPS 3.431.884.036.96-

Compounded Sales Growth

5 Years:51.06%
1 Year:49.90%

Compounded Profit Growth

5 Years:82.01%
1 Year:21.90%

Stock Price Performance

1 Year:-52.45%
6 Months:-44.67%
3 Months:-6.33%
1 Month:-12.79%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -234.76 Cr696.14 Cr1,315.04 Cr1,553.65 Cr
Current Assets -175.84 Cr586.50 Cr1,053.19 Cr1,206.87 Cr
Cash & Equivalents -19.59 Cr7.94 Cr38.18 Cr105.98 Cr
Inventory -9.70 L35.80 L33.10 L84.10 L
Receivables -102.66 Cr174.62 Cr215.17 Cr361.18 Cr
Total Liabilities -186.01 Cr120.75 Cr66.07 Cr146.86 Cr
Current Liabilities -117.67 Cr94.88 Cr52.51 Cr138.42 Cr
Long Term Debt -51.33 Cr15.47 Cr3.45 Cr0
Total Debt -141.35 Cr86.63 Cr19.88 Cr54.63 Cr
Total Equity -48.75 Cr575.38 Cr1,247.97 Cr1,404.21 Cr
Shares Outstanding -12.21 Cr12.25 Cr13.42 Cr13.45 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow --15.62 Cr-82.75 Cr19.70 Cr-51.47 Cr
Investing Cash Flow --18.15 Cr-331.89 Cr-485.80 Cr70.29 Cr
Financing Cash Flow -52.64 Cr402.99 Cr496.32 Cr44.14 Cr
Capital Expenditure --16.17 Cr-45.94 Cr-67.48 Cr-107.11 Cr
Free Cash Flow --31.79 Cr-128.69 Cr-47.78 Cr-158.58 Cr
Net Change in Cash -18.88 Cr-11.65 Cr30.22 Cr62.96 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -34.8%44.7%42.7%41.2%
Operating Margin % -7.3%8.0%7.6%7.8%
Net Margin % -4.1%5.7%6.7%7.2%
ROE % -47.0%7.7%7.0%9.8%
ROCE % -34.7%10.4%7.9%10.5%

Shareholding Pattern

Insiders
52.00%
Institutions
8.78%
Public Float
18.30%

Analyst View

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