Zaggle Prepaid Ocean Services (ZAGGLE) had a P/E of 17.1× on 6 Nov 2026, below the industry P/E of 25.1×, and the shares are 59% below their 52-week high. It earns ROCE of 13% and ROE of 10%, and sales and net profit grew 51% and 82% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹2,226 Cr, ranked 12th of 25 Software (Infrastructure) companies by market cap; the shares fell 54% over the past year.
- ₹166.35
- ₹167.48
- ₹162.91
- ₹167.70
- 6.4 L
Health check
- ReturnsBehind
−53.7% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 17.1 vs industry 25.1.
- GrowthStrong
Sales +51.0%, profit +82.0% a year over 3 years.
- ProfitabilityAverage
ROCE 13.5% vs peer median 8.9%.
- Balance sheetStretched
Practically debt-free, Piotroski 3 of 9.
- Red flags2 to check
Quarterly profit down 32.9% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,226 Cr
- Small cap
- P/E
- 17.1
- Industry 25.1
- Price to book
- 1.70
- Peers 5.54
- Dividend yield
- 0.00%
- ROE
- 10.4%
- Peers 9.4%
- ROCE
- 13.5%
- Peers 8.9%
- Debt to equity
- 0.04
- Debt ₹55 Cr
- EPS (TTM)
- ₹9.67
- Face value ₹1
- OPM (TTM)
- 9.3%
- Net margin 6.5%
- Sales growth
- +27.5%
- Latest quarter vs a year ago
- Profit growth
- −32.9%
- Latest quarter vs a year ago
- Price to sales
- 1.11
- EV/EBITDA 2.5
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 27.5% on a year ago.
- P/E of 17.1 against an industry P/E of 25.1.
Risks to check
- Quarterly profit down 32.9% on a year ago.
- 59% below its 52-week high.
About Zaggle Prepaid Ocean Services
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…
- Headquarters
- Mumbai
- Employees
- 312
- Sector
- Technology
- ISIN
- INE07K301024
- Website
- zaggle.in
Price range
- Avg volume (3M)
- 27.6 L
- 1-year return
- minus 53.7%
- From 52-week high
- minus 59.2%
Peers · Software - Infrastructure
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JPLJio Platforms | 1,406.40 | minus 0.80% | 12,95,158 | 40.8 | 3.57 | 8.9% | 9.4% | 32.8% | – | – | 0.00% | minus 0.8% |
| PAYTMOne 97 Communications | 1,794.40 | plus 0.72% | 1,14,873 | 136.1 | 6.94 | 3.7% | 5.3% | 8.0% | 1.2% | – | 0.00% | plus 40.5% |
| OFSSOracle Financial Services Software | 10,215.00 | plus 0.64% | 89,010 | 25.0 | 11.57 | 43.2% | 47.4% | 51.6% | 10.4% | 13.5% | 2.64% | plus 21.9% |
| PINELABSPine Labs | 162.45 | plus 0.51% | 18,759 | 116.9 | 3.15 | 3.5% | 3.3% | 17.1% | 21.0% | – | 0.00% | minus 35.3% |
| FRACTALFractal Analytics | 808.85 | minus 0.07% | 14,043 | 38.0 | 4.07 | 10.4% | 13.6% | 16.7% | 18.4% | 12.9% | 0.00% | minus 4.5% |
| E2EE2E Networks | 487.05 | minus 4.97% | 10,007 | 86.8 | 5.54 | −0.5% | 6.9% | 70.9% | 54.8% | – | 0.00% | plus 64.6% |
| MPIMANIPALManipal Payment and Identity Solutions | 312.80 | minus 0.81% | 7,251 | 23.8 | 8.78 | 43.4% | 46.2% | 24.9% | 13.7% | 29.1% | 0.00% | minus 9.4% |
| ZAGGLEZaggle Prepaid Ocean Services | 165.24 | minus 1.47% | 2,226 | 17.1 | 1.70 | 13.5% | 10.4% | 9.3% | 51.0% | 82.0% | 0.00% | minus 53.7% |
| Median of 7 peers | – | −0.07% | 18,759 | 40.8 | 5.54 | 8.9% | 9.4% | 24.9% | 16.1% | 13.5% | 0.00% | −0.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 332 | 432 | 526 | 618 | 423 | |
| 301 | 388 | 473 | 560 | 392 | |
| 30.5 | 44 | 52.2 | 58.3 | 30.9 | |
| 9.2% | 10.2% | 9.9% | 9.4% | 7.3% | |
| 12.4 | 11.1 | 8.7 | 10.3 | 8.9 | |
| 1.1 | 1.4 | 1.3 | 1.6 | 1.7 | |
| 7 | 7.5 | 9.8 | 12.5 | 12.7 | |
| 34.7 | 46.2 | 49.7 | 54.5 | 25.5 | |
| 24.9% | 24.3% | 25.5% | 25.4% | 31.2% | |
| 26.1 | 35 | 36.4 | 40.6 | 17.5 | |
| 1.94 | 2.60 | 2.75 | 3.02 | 1.30 |
Profit & loss
- Sales CAGR 3Y
- +51.0%
- Profit CAGR 3Y
- +82.0%
- EPS CAGR 3Y
- +76.2%
- ROE
- 10.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 553 | 776 | 1,304 | 1,908 | |
| – | +40.1% | +68.1% | +46.3% | |
| 507 | 705 | 1,190 | 1,722 | |
| 46.9 | 70.7 | 114 | 185 | |
| 8.5% | 9.1% | 8.8% | 9.7% | |
| −2.2 | 9.7 | 24.1 | 42 | |
| 8.1 | 12.6 | 7.6 | 5.3 | |
| 6.2 | 8.4 | 14.8 | 36.9 | |
| 1.3 | 0.3 | 2.5 | – | |
| 31.6 | 59.8 | 118 | 185 | |
| 27.6% | 26.4% | 25.8% | 25.1% | |
| 22.9 | 44 | 87.9 | 138 | |
| – | +92.2% | +99.7% | +57.1% | |
| 1.88 | 4.03 | 6.96 | 10.26 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.2 | 12.2 | 13.4 | 13.4 | |
| 39.5 | 563 | 1,235 | 1,391 | |
| 141 | 86.6 | 19.9 | 54.6 | |
| 44.7 | 34.1 | 47.2 | 94.8 | |
| 235 | 696 | 1,315 | 1,554 | |
| 24.2 | 16.7 | 52.1 | 47.7 | |
| 2.1 | 2.3 | 2.3 | 2.3 | |
| 0.5 | 1.2 | 1.9 | 4.9 | |
| 20.8 | 273 | 627 | 521 | |
| 187 | 402 | 632 | 978 | |
| 235 | 696 | 1,315 | 1,554 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −15.6 | −82.7 | 19.7 | −51.5 | |
| −18.1 | −332 | −486 | 70.3 | |
| 52.6 | 403 | 496 | 44.1 | |
| 18.9 | −11.6 | 30.2 | 63 | |
| −16.2 | −45.9 | −67.5 | −107 | |
| −31.8 | −129 | −47.8 | −159 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 4.3% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.