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Swing Capital

Zaggle Prepaid Ocean Services Ltd

NSE: ZAGGLE BSE: 543985

Zaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows.[1]

₹219
52W: ₹186 — ₹470
PE 22.1 · Book ₹104 · +111% vs book
Market Cap₹2,944 Cr
Stock P/E22.1Price to Earnings
ROCE13.5%Return on Capital
ROE10%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +Company is almost debt free.
  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 47.0% CAGR over last 5 years

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has a low return on equity of 10.4% over last 3 years.

Shareholding Pattern

Promoters44.16%
FIIs4.06%
DIIs7.4%
Public44.38%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters43.93%43.88%▼0.040.09%▼3.844.21%▲4.144.2%▼0.044.2%44.13%▼0.144.16%▲0.0
FIIs5.95%6.14%▲0.29.17%▲3.08.44%▼0.78.5%▲0.18.64%▲0.17.61%▼1.04.06%▼3.6
DIIs5.44%10.69%▲5.214.56%▲3.913.26%▼1.310.64%▼2.68.63%▼2.07.75%▼0.97.4%▼0.3
Public44.68%39.27%▼5.436.17%▼3.134.09%▼2.136.64%▲2.538.53%▲1.940.5%▲2.044.38%▲3.9

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales200273252303336411331431498593
Expenses179246230276307375301387447538
Operating Profit20272227293731445155
OPM %10%10%9%9%9%9%9%10%10%9%
Net Profit15191719203226333638
EPS ₹1.251.561.371.511.512.381.932.482.682.81

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,853Cr, up 42.2% YoY. OPM at 10%.

Debt Position

Borrowings at ₹53Cr. Debt-to-equity ratio: 0.04x. Healthy balance sheet.

Institutional Flow

DIIs: 7.4% (-1.14pp change). FIIs: 4.06% (-11.54pp change). Promoters hold 44.16%.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 13% (Mar 2026). Working capital days: 88.

Valuation

PE 22.1x with 13.5% ROCE. Price is 111% above book value of ₹104. Dividend yield: 0%.

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