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Zaggle Prepaid Ocean Services Limited (ZAGGLE.NS)

INR211.96 -0.78 (-0.37%)
IN NSE Technology Software - Infrastructure
Address Bldg, C.T.S. No. 4A, Vlg Saki Naka 400072
Mumbai, IN
CEO Avinash Ramesh Godkhindi
Website zaggle.in
IPO 2023-09-22
ISIN INE07K301024

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ZAGGLE.BO (INR) National Stock Exchange of India · ZAGGLE.NS (INR)
Description

Zaggle Prepaid Ocean Services Limited, founded in 2011 and headquartered in Mumbai, India, develops cutting-edge financial products and solutions aimed at automating and optimizing business expense management for corporations, small and medium-sized enterprises, and emerging startups. The company offers a range of distinct platforms: Propel functions as a corporate software-as-a-service (SaaS) platform, facilitating the administration of channel rewards, incentives, and employee recognition initiatives. Save provides a comprehensive SaaS platform and mobile application for business spend management, enabling digital employee reimbursements and maximizing tax benefits. Its Customer Engagement Management System (CEMS) assists merchants in enhancing customer interactions and loyalty through features like gift card distribution and reward programs. The Zaggle Payroll Card serves as a prepaid payroll solution, allowing companies to compensate contractors, consultants, seasonal and temporary staff, and unbanked workers as an alternative to traditional bank transfers or cash. Zoyer is an integrated, data-driven SaaS platform designed for business spend management, incorporating automated financial functionalities directly into core invoice-to-pay processes.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR211.96 -0.78 (-0.37%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.60
Float Shares
59.01M
Free Float %
43.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.05% -5.33% -15.90% -8.98% -43.81% -38.62% -50.22% +34.82% +34.82% +34.82% +34.82%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
211.96
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
14.14
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Software - Infrastructure: +13.7%
    +46.3% Q1'26: +49.9% (vs Q1'25)
  • EPS growth Software - Infrastructure: +28.7%
    +47.4% Q1'26: +30.7% (vs Q1'25)
  • FCF margin FCF growth · Software - Infrastructure: +32.2%
    -5.4% Q1'26: -12.2% (vs Q1'25)
  • EBIT margin Software - Infrastructure: +8.8%
    +7.8% Q1'26: +7.4% (vs Q1'25)
  • ROIC Software - Infrastructure: +6.6%
    +12.1% Q1'26: +14.9% (vs Q1'25)
  • Share dilution Software - Infrastructure: +0.0%
    +6.5% Q1'26: -0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Infrastructure: -1.06×
    0.30× Q1'26: 0.23× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.80) × ERP
WACC = 98% × Ke + 2% × Kd (9.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 211.96
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
2 Rev. Ana.
2 EPS Ana.
Mar 2029
2 Rev. Ana.
2 EPS Ana.
Revenue
7.76B
est: 7.80B (-0.6%)
13.04B
est: 12.00B (+8.6%)
18.55B
18.48B – 18.61B
+54.5% YoY
26.18B
26.02B – 26.33B
+41.2% YoY
34.54B
34.18B – 34.91B
+32.0% YoY
45.01B
44.74B – 45.28B
+30.3% YoY
EBITDA
815.51M
est: 877.29M (-7.0%)
1.41B
est: 1.32B (+6.9%)
2.04B
2.03B – 2.04B
+54.5% YoY
2.87B
2.86B – 2.89B
+41.2% YoY
3.79B
3.75B – 3.83B
+32.0% YoY
4.94B
4.91B – 4.97B
+30.3% YoY
EBIT
734.98M
est: 810.75M (-9.3%)
1.26B
est: 1.18B (+7.1%)
1.82B
1.81B – 1.83B
+54.5% YoY
2.57B
2.55B – 2.58B
+41.2% YoY
3.39B
3.35B – 3.42B
+32.0% YoY
4.42B
4.39B – 4.44B
+30.3% YoY
Net Income
440.20M
est: 467.38M (-5.8%)
879.19M
est: 1.28B (-31.2%)
1.37B
1.36B – 1.37B
+6.8% YoY
1.84B
1.83B – 1.86B
+35.0% YoY
2.51B
2.40B – 2.59B
+36.1% YoY
3.40B
3.36B – 3.41B
+35.4% YoY
SGA
352.81M
est: 336.32M (+4.9%)
373.27M
est: 521.97M (-28.5%)
806.66M
803.71M – 809.62M
+54.5% YoY
1.14B
1.13B – 1.15B
+41.2% YoY
1.50B
1.49B – 1.52B
+32.0% YoY
1.96B
1.95B – 1.97B
+30.3% YoY
EPS
4.06
est: 3.70 (+9.7%)
6.99
est: 9.50 (-26.4%)
10.15
10.10 – 10.20
+6.8% YoY
13.70
13.59 – 13.81
+35.0% YoY
18.55
17.82 – 19.28
+35.4% YoY
25.15
24.99 – 25.31
+35.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-20 A- 4/5 1/5 4/5 5/5 3/5 3/5 4/5
2026-05-19 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-18 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
150.88M
OE per share TTM
1.18
Owner's Yield
0.53%
Maintenance CapEx ratio
8.92%
Maint CapEx / Avg PPE
2.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck India Growth Leaders ETF GLIN 0.07% 65.0K 0.72%
2 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.01% 98.3K 0.65%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.92M
Shares Outstanding
134.46M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Raj Narayanam Executive Chairman 10M male
Avinash Ramesh Godkhindi MD, Chief Executive Officer & Director 8M male
Latha Iyer Chief Human Resources Officer female
Nilesh Dadpe Executive Vice President - Cross Sell male
Rajesh Tummalaganti Interim Chief Financial Officer male
Saurabh Puri Chief Business Officer male
Srikanth Gaddam Chief Technology Officer male
Venkata Aditya Kumar Grandhi Chief Financial Officer male
Abhishek Bhattacharjee Head of Strategic Partnership & New Initiatives male
Vidya Niwas Khetawat Chief Investor Relations Officer male
Hari Priya Company Secretary & Compliance Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits