Zaggle Prepaid Ocean Services Limited

NSE: ZAGGLE · IT Enabled Services

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52W Range₹147 – ₹405

Snapshot

Unlock Zaggle Prepaid Ocean Services Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Zaggle Prepaid Ocean Services Limited is a financial technology company that provides SaaS-based business spend management and employee engagement solutions. Its platform automates workflows for corporate expenses, rewards, incentives, and payroll management.

Business Model

The company generates revenue primarily through its SaaS-based platforms, which offer automated expense management, rewards, and payroll solutions to corporates and SMEs. It leverages a data-driven approach to facilitate business spend management and merchant engagement.

Growth Outlook

Growth is driven by the increasing digitisation of corporate spend management and the adoption of automated payroll and reward solutions among Indian enterprises. The expansion of its integrated Zoyer platform further enhances its capability to capture invoice-to-pay workflows.

Key Risks

  • Regulatory Risk. Changes in RBI regulations regarding prepaid payment instruments and digital financial services could impact the company's operational model.
  • Competition. The fintech sector in India is highly competitive, with numerous players offering similar expense management and SaaS-based financial solutions.
  • Technology Dependency. The company's business model relies heavily on the continuous performance and security of its proprietary SaaS platforms and integrated workflows.
  • Client Concentration. Dependence on corporate clients for revenue may lead to volatility if key enterprise customers reduce their spend or switch to alternative providers.

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Key Metrics

REVENUE

₹1,999 Cr

TTM · consolidated

+44.5%YoY

NET PROFIT

₹130 Cr

TTM · consolidated

+33.8%YoY

EPS

₹9.70

TTM · consolidated

+28.8%YoY

RETURN ON EQUITY

9.8%

TTM · consolidated

+2.0 ppYoY

RETURN ON CAPITAL EMPLOYED

13.1%

TTM · consolidated

+2.3 ppYoY

P/E

17.7×

Q1 FY27 · consolidated

17.7 vs 25.3x5Y avg

EV/EBITDA

10.8x

Q1 FY27 · consolidated

10.8 vs 17.6x5Y avg

EBITDA MARGIN

10.9%

TTM · consolidated

-0.4 ppYoY

NET PROFIT MARGIN

4.1%

Q1 FY27 · consolidated

-3.8 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

+0.02xYoY

Peers · IT Enabled Services

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Zaggle Prepaid Ocean Services LimitedZAGGLE
₹2,418 Cr17.7×10.8044.5%10.9%9.8%13.1%-49.5%
BLS E-ServicesBLSE
₹2,930 Cr50.4×27.9071.2%8.6%14.0%17.4%+75.1%
Sasken Technologies LimitedSASKEN
₹2,704 Cr37.6×18.0568.1%12.4%8.8%11.1%+22.3%
Protean eGov Technologies LimitedPROTEAN
₹2,584 Cr31.4×14.8121.4%16.5%8.0%10.1%-28.3%
Brightcom GroupBCG
₹1,935 Cr1.9×0.28—25.5%9.6%14.3%-32.2%
Genesys International Corporation LimitedGENESYS
₹1,883 Cr37.8×15.873.7%37.9%4.9%8.4%-44.2%

As of Q1 FY27

Financials