Zaggle Prepaid Ocean Services Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,166 Cr
- P/E
- 17.41
- ROE
- 10.04%
- PEG
- 0.22
- Price to sales
- 1.12
- Debt to equity
- 0.04
- 52W high / low
- ₹401 / ₹150
- Sales growth (5Y)
- 50.50%
- EBITDA margin
- 9.36%
- Net profit margin
- 7.17%
- Promoter holding
- 44.30%
- Sales (last year)
- ₹1,911 Cr
Zaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows.[1]
Guidance scorecard · Q1 FY27 call
What Zaggle Prepaid Ocean Services Ltd's management guided
and where it ranks in IT - Services
IT - Services
RevenueQ1 FY27 call
20–40%- The company projects an overall revenue growth of approximately 25% on a stand-alone basis for FY27, maintaining this guidance despite a slower Q1.
- Consolidated revenue growth for the year is expected to reach around 40%, with Q1 at 28%.
- Growth in program fees is expected to improve significantly in the coming quarters after a conscious optimization this year.
- The DICE acquisition is expected to contribute revenue starting Q2, with full impact emerging by Q3, enhancing SaaS revenue and consolidated growth.
- AI initiatives (Zaggle Brain, Propel AI, Save AI) are anticipated to accelerate revenue generation and payback periods.
2 more points from Zaggle Prepaid Ocean Services Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Zaggle Prepaid Ocean Services Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Strategic investment of around INR 8 crores in Unobanc Private Limited (moneyHOP), which holds an authorized dealer Category 2 RBI license.
- Ongoing investments in AI capabilities across products like Zoyer, Save, Propel, and the AI-driven Project Shiva (Zaggle Brain) with patent filing planned.
- Opening of a subsidiary in ADGM, Abu Dhabi Global Markets (Q2 FY27) as part of international expansion.
- Acquisition of DICE completed recently; integration of payment rails underway, expected complete by August-September 2026, driving future SaaS revenue growth.
2 more points from Zaggle Prepaid Ocean Services Ltd's call on capex
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FundraisingQ1 FY27 call
See what Zaggle Prepaid Ocean Services Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The company signed a 5-year agreement with HPCL as an aggregator for its Driver Track Plus (DT Plus) program, indicating ongoing contract wins.
- There is a large pipeline of marquee clients poised for Q2 and onward, reflecting strong potential new business.
- The company has onboarded several marquee clients across products Save, Zoyer, and Propel, as well as DICE clients who will contribute from Q2 FY27.
- AI-driven cross-sell initiatives are yielding new contract wins with existing customers.
2 more points from Zaggle Prepaid Ocean Services Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹28,129 Cr | 107.9 | |
| 2 | 40%+ | Flat | ₹1,612 Cr | 37.6 | |
| 3 | 40%+ | Flat | ₹1,534 Cr | 131.2 | |
| 4 | 40%+ | Flat | ₹571 Cr | 24.8 | |
| 5 | 40%+ | Flat | ₹378 Cr | 26.9 | |
| 6 | 40%+ | Flat | ₹84 Cr | 8.3 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Services rankingFinancials of Zaggle Prepaid Ocean Services Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Zaggle Prepaid Ocean Services Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 187 | 118 | 184 | 200 | 273 | 252 | 303 | 336 | 411 | 331 | 431 | 498 | 593 |
| Expenses + | 169 | 111 | 169 | 179 | 246 | 230 | 276 | 307 | 375 | 301 | 387 | 447 | 538 |
| Operating Profit | 18 | 8 | 15 | 20 | 27 | 22 | 27 | 29 | 37 | 31 | 44 | 51 | 55 |
| OPM % | 9% | 7% | 8% | 10% | 10% | 9% | 9% | 9% | 9% | 9% | 10% | 10% | 9% |
| Other Income + | 1 | 1 | 1 | 4 | 5 | 5 | 4 | 4 | 13 | 12 | 9 | 8 | 8 |
| Interest | 6 | 4 | 3 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 6 | 7 | 7 | 10 | 10 |
| Profit before tax | 10 | 3 | 10 | 21 | 26 | 23 | 26 | 27 | 42 | 35 | 44 | 48 | 51 |
| Tax % | 25% | 31% | 24% | 27% | 26% | 27% | 28% | 24% | 24% | 25% | 25% | 25% | 25% |
| Net Profit + | 8 | 2 | 8 | 15 | 19 | 17 | 19 | 20 | 32 | 26 | 33 | 36 | 38 |
| EPS in Rs | 0.82 | 0.22 | 0.62 | 1.25 | 1.56 | 1.37 | 1.51 | 1.51 | 2.38 | 1.93 | 2.48 | 2.68 | 2.81 |
Financials of Zaggle Prepaid Ocean Services Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 68 | 240 | 371 | 553 | 776 | 1,303 | 1,853 |
| Expenses + | 57 | 212 | 311 | 505 | 705 | 1,187 | 1,672 |
| Operating Profit | 11 | 28 | 60 | 48 | 71 | 115 | 181 |
| OPM % | 16% | 12% | 16% | 9% | 9% | 9% | 10% |
| Other Income + | 0 | 0 | 0 | 1 | 11 | 25 | 37 |
| Interest | 5 | 8 | 7 | 11 | 14 | 8 | 5 |
| Depreciation | 2 | 2 | 2 | 6 | 8 | 15 | 35 |
| Profit before tax | 5 | 18 | 51 | 32 | 60 | 117 | 178 |
| Tax % | 22% | -6% | 18% | 28% | 26% | 26% | 25% |
| Net Profit + | 4 | 19 | 42 | 23 | 44 | 87 | 133 |
| EPS in Rs | 206.67 | 1,073.89 | 2,328.89 | 2.48 | 3.59 | 6.52 | 9.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Zaggle Prepaid Ocean Services Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.18 | 0.18 | 0.18 | 9 | 12 | 13 | 13 |
| Reserves | -65 | -46 | -4 | 40 | 563 | 1,234 | 1,387 |
| Borrowings + | 71 | 73 | 70 | 141 | 87 | 16 | 53 |
| Other Liabilities + | 43 | 35 | 26 | 45 | 34 | 44 | 66 |
| Total Liabilities | 49 | 62 | 93 | 235 | 696 | 1,308 | 1,520 |
| Fixed Assets + | 8 | 7 | 12 | 29 | 23 | 104 | 200 |
| CWIP | 0 | 0 | 2 | 11 | 50 | 22 | 0 |
| Investments | 0 | 0 | 0 | 2 | 26 | 82 | 192 |
| Other Assets + | 41 | 55 | 79 | 193 | 597 | 1,101 | 1,127 |
| Total Assets | 49 | 62 | 93 | 235 | 696 | 1,308 | 1,520 |
Financials of Zaggle Prepaid Ocean Services Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -20 | 3 | 20 | -16 | -83 | 20 | -6 |
| Cash from Investing Activity + | -4 | -1 | -10 | -18 | -332 | -486 | 18 |
| Cash from Financing Activity + | 27 | -6 | -12 | 53 | 403 | 496 | 47 |
| Net Cash Flow | 3 | -3 | -2 | 19 | -12 | 30 | 59 |
| Free Cash Flow | -24 | 2 | 13 | -32 | -129 | -47 | -113 |
| CFO/OP | -164% | 25% | 43% | -25% | -104% | 41% | 19% |
Financials of Zaggle Prepaid Ocean Services Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 34 | 42 | 68 | 82 | 60 | 66 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 85 | 34 | 42 | 68 | 82 | 60 | 66 |
| Working Capital Days | -139 | -51 | 16 | 23 | 100 | 98 | 88 |
| ROCE % | 154% | 124% | 33% | 17% | 13% | 13% |
Guidance history
How Zaggle Prepaid Ocean Services Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 0–2% | Planned | — | — |
| Q4 FY26 call → | 20–40% | Up 0–2% | Planned | — | — |
| Q3 FY26 call → | 40%+ | Up 0–2% | Planned | None planned | — |
| Q2 FY26 call → | 40%+ | Up 2%+ | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
3 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −55.4% | 2% |
| Last 6 months | −32.9% | 6% |
| Last 3 months | −21.1% | 14% |
The price is 71.3% below its all-time high of ₹562.15 (3 Jan 2025). Stocks more than 20% below their peak have their score halved, so 6 became 3.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Zaggle Prepaid Ocean Services Ltd: 0.4 × 2 + 0.4 × 6 + 0.2 × 14 = 6, halved to 3 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Zaggle Prepaid Ocean Services Ltd's management said in earlier quarters
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