Zaggle Prepaid Ocean Services Limited (ZAGGLE) AI Stock Analysis

• Market Cap: ₹46.85B
• Dividend Yield: N/A
• Average Volume (3M): 71.37K
• Price to Earnings (P/E): 46.3
• Beta (1Y): 1.72
• Revenue Growth: 52.15%
• EPS Growth: 52.02%
• Country: IN
• Employees: 301
• Sector: Services
• Sector Strength: N/A
• Industry: Software - Infrastructure
• EPS (TTM): 1.90
• Shares Outstanding: 134,254,030
• 10 Day Avg. Volume: 45,262
• 30 Day Avg. Volume: 71,366
• PEG Ratio: 0.70
• Price to Book (P/B): 3.58
• Price to Sales (P/S): 3.43
• P/FCF Ratio: -93.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹427.00
• Price Target Upside: 22.35% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: ₹427.00 ▲(22.35% Upside)

Zaggle Prepaid Ocean Services Limited shows strong financial performance with solid revenue growth and financial stability, which is the most significant factor in its score. However, the high P/E ratio suggests overvaluation, and technical indicators show a neutral trend, which tempers the overall score.

Zaggle Prepaid Ocean Services Limited Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

ZAGGLE generates revenue through several key streams including transaction fees from prepaid card usage, subscription fees for businesses utilizing its payment processing services, and commissions on digital wallet transactions. Additionally, the company may partner with financial institutions and retailers to expand its service offerings, which can include revenue-sharing agreements. By leveraging technology to enhance user experience and streamline payment processes, ZAGGLE is positioned to capture a growing share of the digital payment market.

Zaggle Prepaid Ocean Services Limited Financial Statement Overview

Summary

Zaggle Prepaid Ocean Services Limited demonstrates strong revenue growth and effective cost management, with a healthy gross profit margin and improving net profit margin. The balance sheet shows financial stability with low leverage, although there is room for improvement in return on equity and cash flow efficiency.

Income Statement

Zaggle Prepaid Ocean Services Limited exhibits strong revenue growth, with a significant increase in total revenue from the previous year. The gross profit margin and EBIT margin are healthy, indicating efficient cost management and operational performance. The net profit margin is also improving, showing enhanced profitability. However, there is room for improvement in EBITDA margin for even better performance.

Balance Sheet

The company has a strong equity position with an improving equity ratio, reflecting financial stability. The debt-to-equity ratio is low, indicating conservative leverage usage, which reduces financial risk. However, the return on equity could be higher, suggesting potential for improved profitability relative to shareholders' equity.

Cash Flow

Cash flow positions are improving with positive operating cash flow. The company has managed to turn free cash flow positive, showing better cash generation from operations. However, the free cash flow to net income ratio indicates that further efforts are needed to enhance cash flow efficiency relative to net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.84B	13.04B	7.76B	5.53B	3.71B	2.40B
Gross Profit	5.76B	5.57B	3.35B	1.89B	2.01B	1.96B
EBITDA	1.57B	1.41B	815.51M	477.27M	603.48M	264.60M
Net Income	972.96M	879.19M	440.20M	229.01M	419.21M	193.30M
Balance Sheet
Total Assets	0.00	13.15B	6.96B	2.35B	926.53M	620.80M
Cash, Cash Equivalents and Short-Term Investments	6.53B	6.53B	2.83B	238.28M	36.11M	27.89M
Total Debt	0.00	198.78M	866.27M	1.41B	703.11M	730.58M
Total Liabilities	-12.49B	660.72M	1.21B	1.86B	962.11M	1.08B
Stockholders Equity	12.49B	12.48B	5.75B	487.51M	-35.58M	-455.51M
Cash Flow
Free Cash Flow	0.00	-477.83M	-1.29B	-317.89M	125.09M	24.30M
Operating Cash Flow	0.00	197.02M	-827.46M	-156.18M	200.81M	34.14M
Investing Cash Flow	0.00	-4.86B	-3.32B	-181.48M	-98.69M	-10.06M
Financing Cash Flow	0.00	4.96B	4.03B	526.44M	-122.90M	-56.83M

Zaggle Prepaid Ocean Services Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 349.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZAGGLE, the sentiment is Negative. The current price of 349 is below the 20-day moving average (MA) of 350.85, below the 50-day MA of 369.99, and below the 200-day MA of 396.51, indicating a bearish trend. The MACD of -5.53 indicates Negative momentum. The RSI at 45.46 is Neutral, neither overbought nor oversold. The STOCH value of 56.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ZAGGLE.

Zaggle Prepaid Ocean Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VRLLOG	74 Outperform	₹47.01B	21.42	―	4.65%	8.04%	221.22%
TCI	70 Outperform	₹91.04B	21.31	―	0.84%	11.32%	20.27%
ZAGGLE	68 Neutral	₹46.85B	46.31	―	―	52.15%	52.02%
THOMASCOOK	66 Neutral	₹76.58B	30.18	―	0.28%	12.46%	-4.05%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
QUESS	55 Neutral	₹34.83B	27.08	―	4.29%	-7.67%	-61.64%
TVSSCS	54 Neutral	₹54.66B	108.66	―	―	6.33%	―

Zaggle Prepaid Ocean Services Limited Corporate Events

Zaggle Secures Three-Year Contract with Apollo Health

Zaggle Prepaid Ocean Services Limited has announced a significant agreement with Apollo Health and Lifestyle Limited and its subsidiaries. Under this domestic contract, Zaggle will provide its Zaggle Zoyer and Zaggle Save propositions, focusing on employee expense management and benefits, over a three-year period. This partnership is expected to enhance Zaggle’s market positioning by expanding its client base in the healthcare sector, potentially leading to increased revenue and growth opportunities.