Zaggle Prepa Ocean SER L
NSE: ZAGGLE · IT Enabled Services · sector
₹151.46NSE close 2026-10-26
Key numbers
Market cap₹2,037 cr
Price₹151.46
52w high / low₹405 / ₹151
P/E15.6xSector median 20.1x
P/B1.4xSector median 1.6x
Book value₹104.4
Dividend yield–Sector median 0.70%
ROE9.8%Sector median 8.4%
ROCE12.1%Sector median 11.3%
OPM9.3%Sector median 9.6%
Debt / equity0.03xSector median 0.03x
EV/EBITDA8.3xSector median 10.8x
Interest cover29.7x
Current ratio8.72x
Sales growth 3y–Sector median +11.0%
Profit growth 3y–Sector median +16.6%
PEG0.47x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 91 companies in IT Enabled Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹546 cr vs borrowings ₹45 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 29.7x in the last 12 months.
- 1.61% of the promoters' shares are pledged (0.7% of all shares).
- Operating cash flow was below net profit in 3 of the last 3 years (FY26, FY25, FY24).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 25% of net profit in the last 12 months.
- Debtor days went from 82 (FY24) to 69 (FY26).
- No dividend in the last 3 financial years.
- Price ₹151.46 on 2026-10-26: -62.6% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹562.15 · low ₹151.46
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 303 | 337 | 412 | 332 | 432 | 526 | 618 | 423 |
| EBITDA | 27 | 29 | 36 | 30 | 44 | 52 | 58 | 31 |
| OPM % | 8.8% | 8.6% | 8.7% | 9.2% | 10.2% | 9.9% | 9.4% | 7.3% |
| Other income | 6 | 4 | 13 | 12 | 9 | 9 | 8 | 7 |
| Net profit | 20 | 20 | 31 | 26 | 35 | 36 | 41 | 18 |
| EPS (₹) | 1.66 | 1.61 | 2.32 | 1.94 | 2.61 | 2.76 | 3.02 | 1.30 |
| Revenue YoY | +42.9% | +56.0% | +49.9% | +27.5% | ||||
| Profit YoY | +72.4% | +84.3% | +30.4% | -32.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 776 | 1,304 | 1,908 | 1,999 |
| EBITDA | 71 | 114 | 185 | 185 |
| Net profit | 44 | 88 | 138 | 130 |
| EPS (₹) | 4.06 | 6.99 | 10.28 | 9.69 |
| Revenue growth | +68.1% | +46.3% | +44.5% | |
| Profit growth | +99.7% | +57.1% | +33.1% | |
| Dividend / share (₹) | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +44.5% |
| Net profit | – | – | +33.1% |
| EPS | – | – | – |
| Share price | – | -39.3% (2y) | -55.3% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 575 | 1,248 | 1,404 |
| Borrowings | 74 | 9 | 45 |
| Cash & equivalents | 280 | 653 | 546 |
| Total assets | 696 | 1,315 | 1,554 |
| Fixed assets | 3 | 40 | 38 |
| Capital work in progress | – | 0 | 0 |
| Investments | 0 | 2 | 32 |
| Receivables | 175 | 215 | 361 |
| Inventory | 0 | 0 | 1 |
| Payables | 2 | 5 | 21 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | -83 | 20 | -51 |
| Cash from investing | -332 | -486 | 75 |
| Cash from financing | 403 | 496 | 44 |
| Capex | 314 | 67 | 107 |
| Free cash flow | -397 | -48 | -159 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 7.7% | 7.0% | 9.8% |
| ROCE % | 11.3% | 10.0% | 12.8% |
| Debtor days | 82 | 60 | 69 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 1 | 1 | 4 |
| Cash conversion cycle (days) | 81 | 59 | 65 |
| Working capital days | 231 | 280 | 204 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 44.30% |
| FIIs | 2.49% |
| DIIs | 2.69% |
| of which Mutual funds | 2.32% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 50.52% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 40.09% | 44.21% | 44.20% | 44.20% | 44.13% | 44.15% | 44.30% | 44.30% |
| Promoter group | % |
|---|---|
| RAJ P Narayanam | 34.33% |
| Avinash Ramesh Godkhindi | 5.71% |
| Quadigo Ventures LLP | 3.92% |
| RAN Ventures Private Limited | 0.35% |
| Sumedha RAO | 0.00% |
| Anjana Ramesh Thakker | 0.00% |
| Bimal RAJ Kanet | 0.00% |
| Jayachandran Madhavi | 0.00% |
| Kolar Ameer Pasha | 0.00% |
| Madhusudana RAO Narayanam | 0.00% |
| Manish Godkhindi | 0.00% |
| Meghna Ramesh Godkhindi | 0.00% |
| Nikhath Fathima | 0.00% |
| Rajeshwari Ramesh Godkhindi | 0.00% |
| Ramesh Dattatraya Godkhindi | 0.00% |
| Public holders above 1% | % |
|---|---|
| Zuzu Software Services LLP | 3.89% |
| Bank of India Conservative Hybrid Fund | 2.17% |
| Kedia Securities Private Limited | 1.49% |
1,29,345 shareholders. Pledged: 1.61% of promoter shares.
Peers in IT Enabled Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LTTS | ₹42,777 cr | 27.8x | 6.0x | 23.2% | 26.8% | 17.8% | +11.1% | 1.39% |
| IKS | ₹28,359 cr | 36.4x | 10.1x | 33.3% | 30.2% | 34.3% | – | – |
| TATATECH | ₹27,242 cr | 48.4x | 7.1x | 15.2% | 18.1% | 13.9% | – | 1.75% |
| NETWEB | ₹24,404 cr | 93.4x | 33.7x | 41.6% | 37.4% | 13.3% | – | 0.05% |
| SAGILITY | ₹20,823 cr | 21.0x | 2.1x | 11.0% | 13.1% | 23.6% | – | 0.11% |
| AFFLE | ₹18,518 cr | 38.7x | 5.1x | 14.5% | 16.1% | 22.5% | +23.6% | – |
| BBOX | ₹14,137 cr | 60.6x | 11.0x | 22.1% | 20.2% | 8.2% | +0.2% | 0.12% |
| CYIENT | ₹13,821 cr | 36.3x | 2.4x | 6.9% | 11.6% | 11.2% | +6.5% | 2.38% |
| ESDS | ₹12,988 cr | – | – | – | – | – | – | – |
| ZAGGLE | ₹2,037 cr | 15.6x | 1.4x | 9.8% | 12.1% | 9.3% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Propel platform revenue / Gift cards | ₹1,107 cr | 58.1% | ₹0 cr | 0.0% |
| Program fee | ₹752 cr | 39.4% | ₹0 cr | 0.0% |
| Platform fee / SaaS fee / Service fee | ₹48 cr | 2.5% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-17 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Program Fee: Program fees represent the aggregate of the following: (i) interchange fees (including residual income) generated from transactions made by employees and channel partners of the Company's corporate clients on their cards, excluding amounts collected on behalf of the Company's preferred banking partners. (ii) any additional income received by the Company from its preferred banking partners and third-party payment networks such as Visa, and (iii) inactivity fees earned on the un-utilised balance remaining on the cards.
- Propel platform revenue/ gift cards: Revenue classified under Propel platform and gift cards represents amounts received from the Company's customers towards the issuance of reward points (propel points) to the employees and channel partners of such customers.
- Platform fee / SaaS fee / Service fee: Zaggle earns fee income from customers for access to and use of its software platform. It comprises fixed subscription charges billed on a per-user basis, along with any one-time setup or implementation fees.
| Sector | Information Technology |
| Industry | IT Enabled Services |
| Sub-industry | IT Enabled Services |
| Symbol | ZAGGLE |
| BSE code | 543985 |
| ISIN | INE07K301024 |
| Face value | ₹1.0 |
| Incorporated | 2011-06-02 |
| Website | www.zaggle.in |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.