Zeal Global Services Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹107 Cr
- P/E
- 9.60
- ROE
- 12.85%
- PEG
- 2.27
- Price to sales
- 0.38
- Debt to equity
- 0.22
- 52W high / low
- ₹99.3 / ₹56.7
- Sales growth (5Y)
- 36.35%
- EBITDA margin
- 6.50%
- Net profit margin
- 3.91%
- Promoter holding
- 73.40%
- Sales (last year)
- ₹286 Cr
Incorporated in 2014, Zeal Global Services Ltd provides Air Cargo Services[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Transport 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.
Zeal Global Services shareholding (Sep 2026)
Promoters
73.40%
unchanged QoQ
FIIs
0.00%
unchanged QoQ
DIIs
2.45%
+0.01 pp QoQ
Public
24.15%
−0.01 pp QoQ
Peers
Transport Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹796 Cr | 25.0 | |
| 2 | 40%+ | Flat | ₹3,876 Cr | 26.4 | |
| 3 | 40%+ | Flat | ₹564 Cr | 15.8 | |
| 4 | 20–40% | Up 2%+ | ₹589 Cr | 7.8 | |
| 5 | 20–40% | Up 2%+ | ₹236 Cr | 8.2 | |
| 6 | 20–40% | Up 0–2% | ₹543 Cr | 14.9 |
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Pro shows every company guiding 40%+ revenue growth →Full Transport Services rankingFinancials of Zeal Global Serv
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Zeal Global Serv
Shareholding breakup across reporting periods.
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters + | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% |
| FIIs + | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.39% | 2.19% | 2.44% | 2.45% |
| Public + | 26.60% | 26.54% | 26.60% | 26.21% | 24.41% | 24.16% | 24.15% |
| No. of Shareholders | 811 | 879 | 1,409 | 1,410 | 1,301 | 1,183 | 1,094 |
Financials of Zeal Global Serv
Quarterly Results
Quarter-by-quarter operating performance
Financials of Zeal Global Serv
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 76 | 61 | 121 | 112 | 193 | 368 | 286 |
| Sales growth | -21% | +100% | -7% | +72% | +90% | -22% | |
| Expenses + | 75 | 58 | 114 | 97 | 175 | 346 | 267 |
| Operating Profit | 2 | 2 | 7 | 15 | 19 | 21 | 19 |
| OPM % | 2.5% | 4.0% | 6% | 13% | 10% | 6% | 6% |
| Other Income + | 0 | 0 | 0 | 0 | 2 | 4 | 4 |
| Interest | 0 | 0 | 0 | 1 | 2 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 3 | 5 | 6 |
| Profit before tax | 2 | 2 | 7 | 13 | 16 | 19 | 15 |
| Tax % | 26% | 26% | 26% | 26% | 26% | 26% | 27% |
| Net Profit + | 1 | 2 | 7 | 10 | 12 | 15 | 11 |
| EPS in Rs | 1.68 | 2.51 | 7.37 | 10.08 | 9.03 | 10.95 | 8.38 |
| Dividend Payout % | 52% | 11% | 0% | 0% | 0% | 0% | 0% |
Financials of Zeal Global Serv
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.60 | 0.60 | 2 | 10 | 13 | 13 | 13 |
| Reserves | 4 | 5 | 11 | 13 | 53 | 68 | 79 |
| Borrowings + | 3 | 2 | 2 | 17 | 10 | 14 | 20 |
| Other Liabilities + | 15 | 11 | 17 | 20 | 39 | 47 | 31 |
| Total Liabilities | 22 | 19 | 32 | 60 | 115 | 143 | 143 |
| Fixed Assets + | 0 | 1 | 0 | 9 | 18 | 19 | 15 |
| CWIP | 0 | 0 | 0 | 0 | 9 | 7 | 8 |
| Investments | 0 | 0 | 2 | 2 | 3 | 3 | 3 |
| Other Assets + | 22 | 18 | 29 | 48 | 85 | 113 | 117 |
| Total Assets | 22 | 19 | 32 | 60 | 115 | 143 | 143 |
Financials of Zeal Global Serv
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 + | 9 | -5 | 7 | -9 | 23 | 14 | -12 |
| Cash from Investing Activity + | -1 | 0 | -5 | -9 | -43 | -17 | 5 |
| Cash from Financing Activity + | 1 | -1 | 0 | 14 | 23 | 3 | 4 |
| Net Cash Flow | 9 | -6 | 2 | -3 | 3 | 1 | -4 |
| Free Cash Flow | 9 | -6 | 7 | -19 | 3 | 10 | -15 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 566% | -187% | 123% | -45% | 149% | 91% | -41% |
Financials of Zeal Global Serv
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 17 | 56 | 39 | 51 | 31 | 25 | 37 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 17 | 56 | 39 | 51 | 31 | 25 | 37 |
| Working Capital Days | -64 | -14 | -9 | -35 | -24 | -15 | 5 |
| ROCE % | 34% | 65% | 53% | 30% | 24% | 17% |
Zeal Global Services: frequently asked questions
What is Zeal Global Services share price today?
Zeal Global Services last traded at ₹80.45, with a market capitalisation of ₹107 Cr and a P/E ratio of 9.6.
What is the promoter holding in Zeal Global Services?
Promoters held 73.40% of Zeal Global Services in Sep 2026 (unchanged versus Mar 2026).
How much do FIIs and DIIs hold in Zeal Global Services?
In Sep 2026, foreign institutional investors held 0.00% and domestic institutions (including mutual funds) held 2.45% of Zeal Global Services.
What is Zeal Global Services's ROE and ROCE?
Zeal Global Services's return on equity is 12.8% and its return on capital employed is 16.7%.
Does Zeal Global Services pay a dividend?
Yes. Zeal Global Services's dividend yield is 1.86% at the current price. The full payout history is on the Zeal Global Services dividends page.
Which sector does Zeal Global Services belong to?
Zeal Global Services is in the Transport Services sector. Its peer comparison and sector ranking are on this page.
What did Zeal Global Services's management say on the latest earnings call?
Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from Zeal Global Services's management.
How does Arthneeti AI analyse Zeal Global Services?
Arthneeti reads Zeal Global Services's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.
Continue your research
What Zeal Global Serv's management said in earlier quarters
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