ZAGGLE PREPAID OCEAN SERVICES LIMITED
₹154.20-₹7.25 (-4.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹4,112 Cr
- P/E
- 36.9x
- EV / EBITDA
- 49.8x
- Revenue
- ₹1,303 Cr
- Net margin
- 5.7%
- ROCE
- 8.8%
Price chart
Technical chartScreen technicals →-58.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -10.9%
- 3M
- -24.8%
- 6M
- -36.0%
- 1Y
- -58.5%
- 5Y
- -28.2%
52-week range
Day change -₹7.25 (-4.5%) from ₹161 to ₹154 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in ZAGGLE, bought on each weekday since 2023.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 62.7%
Concerns1
- Low return on equity of 7.0%
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Financial Services
- Shares outstanding
- 13.4 Cr shares
- ISIN
- INE07K301024
- BSE code
- 543985
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,112 Cr
- P/E
- 36.9x
- P/B
- 3.1x
- EV / EBITDA
- 49.8x
- EV / Sales
- 5.3x
- P/S
- 5.3x
- Earnings yield
- 2.7%
- 52-week high
- ₹401.15
- 52-week low
- ₹150.20
Profitability
- Operating margin
- 9.1%
- Net margin
- 5.7%
- EBITDA margin
- 10.6%
- ROE
- 7.0%
- ROCE
- 8.8%
- ROA
- 6.3%
- Dividend payout
- 0.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 18.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,303 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 67.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 62.7%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹82.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 67.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 97.7%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 61.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹83.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 418.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹30.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 196.2%
Solvency and efficiency
- Current ratio
- 18.32
- Debt / Assets
- 0.13
- Debt / EBITDA
- 1.06
- Financial leverage
- 1.21
- CFO / Net profit
- -1.89
- Cash / Market cap
- 14.5%
- Cash per share
- ₹44.43
- Asset turnover
- 1.11
- Fixed asset turnover
- 33.74
- Capital intensity
- 0.03
- Debtor days
- 82 days
- Cash conversion cycle
- 82 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹7 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,188 Cr |
| Sales | Operating profit | ₹115 Cr |
| Operating profit | Interest | ₹8 Cr |
| Operating profit | Depreciation | ₹15 Cr |
| Operating profit | Profit before tax | ₹92 Cr |
| Other income | Profit before tax | ₹25 Cr |
| Profit before tax | Tax and other | ₹30 Cr |
| Profit before tax | Net profit | ₹87 Cr |
Revenue and net profit
Revenue grew 67.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹240 Cr | ₹19 Cr |
| FY2022 | ₹371 Cr | ₹42 Cr |
| FY2023 | ₹553 Cr | ₹23 Cr |
| FY2024 | ₹776 Cr | ₹44 Cr |
| FY2025 | ₹1,303 Cr | ₹87 Cr |
Cash flows
FY2025: ₹20.0 Cr from operations, -₹466 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹3 Cr | ₹2 Cr |
| FY2022 | ₹20 Cr | ₹10 Cr |
| FY2023 | -₹16 Cr | -₹34 Cr |
| FY2024 | -₹83 Cr | -₹415 Cr |
| FY2025 | ₹20 Cr | -₹466 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,303 Cr+67.9%1Y
- Net profit
- ₹87 Cr+97.7%1Y
- Cash from operations
- ₹20 Cr
- Free cash flow
- -₹466 Cr
- Revenue CAGR, 5Y
- 62.7%
- EBITDA CAGR, 5Y
- 49.4%
- Net profit CAGR, 5Y
- 61.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,303 Cr | ₹115 Cr | — | ₹87 Cr | ₹20 Cr | -₹466 Cr | 7.0% | +67.9% | +97.7% |
Monthly returns
Month-by-month returns of ZAGGLE across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,308 Cr |
| Equity capital | ₹13 Cr |
| Reserves | ₹1,234 Cr |
| Borrowings | ₹16 Cr |
| Other liabilities | ₹44 Cr |
| Assets | ₹1,308 Cr |
| Fixed assets | ₹104 Cr |
| Capital work in progress | ₹22 Cr |
| Investments | ₹82 Cr |
| Other assets | ₹1,101 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ZAGGLE trades at 36.9x earnings against a peer median of 26.9x (a 37% premium).
Not shown (no positive earnings and no EV / Sales): IndoStar Capital Finance Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| ZAGGLE PREPAID OCEAN SERVICES LIMITEDZAGGLEthis companyP/E ↑ premium | ₹4,112 Cr | 36.9x | 3.1x | 7.0% | 49.8x |
| CARE Ratings LimitedCARERATING | ₹4,862 Cr | 30.5x | 5.3x | 17.2% | 27.8x |
| Northern Arc Capital Ltd.NORTHARC | ₹4,246 Cr | 12.2x | 1.2x | 10.1% | 10.2x |
| JANA SMALL FINANCE BANK LIMITEDJSFB | ₹4,242 Cr | 10.3x | 1.0x | — | — |
| ANAND RATHI SHARE AND STOCK BROKERS LIMITEDARSSBL | ₹3,975 Cr | 40.0x | 3.0x | 20.6% | 18.7x |
| IndoStar Capital Finance LimitedINDOSTAR | ₹3,673 Cr | — | 0.8x | 1.5% | 12.1x |
| Indo Thai Securities LimitedINDOTHAI | ₹3,287 Cr | 85.8x | 15.3x | 5.0% | 148.9x |
| Share India Securities LimitedSHAREINDIA | ₹3,277 Cr | 15.0x | 1.6x | 12.6% | 6.5x |
| PAISALO DIGITAL LIMITEDPAISALO | ₹3,173 Cr | 15.6x | 1.9x | — | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
ZAGGLE since 1 January, against earlier years.
Historical volatility
ZAGGLE's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 12.0% |
| FY2022 | 16.0% |
| FY2023 | 9.0% |
| FY2024 | 9.0% |
| FY2025 | 9.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,303 Cr |
| Costs | |
| Interest | ₹8 Cr |
| Expenses | ₹1,187 Cr |
| Operating profitOperating Profit | ₹115 Cr |
| Other income and charges | |
| Profit before tax | ₹117 Cr |
| Tax | |
| Net profitNet Profit | ₹87 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,308 Cr |
| Equity capitalEquity Capital | ₹13 Cr |
| Reserves | ₹1,234 Cr |
| Borrowings | ₹16 Cr |
| Other liabilitiesOther Liabilities | ₹44 Cr |
| AssetsTotal Assets | ₹1,308 Cr |
| Fixed assetsFixed Assets | ₹104 Cr |
| Capital work in progressCWIP | ₹22 Cr |
| Investments | ₹82 Cr |
| Other assetsOther Assets | ₹1,101 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹20 Cr |
| Investing cash flowCash from Investing Activity | -₹486 Cr |
| Financing cash flowCash from Financing Activity | ₹496 Cr |
| Change in cashNet Cash Flow | ₹30 Cr |
Learn while you research
Academy chapters picked for ZAGGLE PREPAID OCEAN SERVICES LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 36.9, learn when high multiples are justified.6 min read
- 04 Growth Investing68% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read