ZAGGLEInformation Technology

Zaggle Prepaid Ocean Services Limited

IT Enabled Services · ISIN INE07K301024 · BSE 543985 · NSE EQ · FV ₹1
Last price
₹181
+2.01%today
What this company does

Zaggle Prepaid Ocean Services Limited operates in IT Enabled Services, part of the Information Technology sector. It booked ₹423 cr of revenue in its latest quarter (Q1 FY27) and kept 4.1% of sales as profit.

In the report:
45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of companies in Information Technology, on the 5 of 6 measures we could read for it. Each measure is ranked against the 15–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns27

How much profit it earns on the money it employs

Balance sheet70

How much it owes, and whether earnings cover the interest

Cash quality6

Whether reported profit actually arrives as cash

Valuation49

What today's price implies, against our models or its peers

Governance & risk89

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 28% vs last year
Promoters hold 44%
Virtually debt-free
Watch-outs
! Thin 4.1% net margin
! Profit down 33% vs last year
! 1.6% of promoter stake pledged
! Low 5.0% return on equity
! Operating cash flow is negative

What if I invest in ZAGGLE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹181 +2.01%
latest close · 2026-09-17
52-wk low ₹15442 sessions so far52-wk high ₹214
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio34.9High
LowAverageHigh
P/B ratio1.74Moderate
Below bookModerateHigh
EV / EBITDA15.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity5.0%Weak
WeakFairStrong ▸15%
Return on capital7.0%Weak
WeakFairStrong
Net margin4.1%Thin
ThinDecentStrong
EBITDA margin8.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover15.0×Strong
RiskyOkayStrong ▸5×
Current ratio8.72Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,439 cr
Book value
₹104
EPS
₹1.30
latest quarter
Net debt
₹-61 cr
more cash than debt
Enterprise value
₹2,378 cr
EBITDA
₹150 cr
annualised
EBIT
₹99 cr
annualised
Operating margin
5.9%
Return on assets
4.5%
Earnings yield
2.87%
P/S
1.44
Sales / share
₹125.9
Tax rate
34.4%
Face value
₹1
Shares
13.4 cr
Working capital
₹1,068 cr
Current assets
₹1,207 cr
Current liabilities
₹138 cr
Delivery %
36.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹44₹124, midpoint ₹47

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹423 cr
Other Income₹7 cr
Total Income₹430 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹19 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹13 cr
Other Expenses₹373 cr
Total Expenses₹407 cr
Profit before Tax₹23 cr
Tax Expense₹8 cr
Share of JV / Associates₹2 cr
Net Profit₹18 cr
Net margin on total income4.1%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹19 cr4.4%
Finance costs₹2 cr0.4%
Depreciation & amortisation₹13 cr2.9%
Other expenses₹373 cr86.4%
Tax expense₹8 cr1.8%
Profit for the period₹18 cr4.1%
Total income ₹430 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue526 cr618 cr423 cr
Total income534 cr626 cr430 cr
Expenses485 cr574 cr407 cr
Profit before tax50 cr53 cr23 cr
Tax13 cr14 cr8 cr
Net profit (owners' share)36 cr41 cr18 cr
Net margin (owners' share, on revenue)6.9%6.6%4.1%
EPS (₹)2.763.021.30
YoY (latest quarter): total income +25.1% · net profit -32.9%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,554 cr
Shareholder equity
₹1,404 cr
parent shareholders
Total debt
₹45 cr
Cash
₹106 cr
Cash flow · H1 FY26
Operating
₹-34 cr
Investing
₹80 cr
Financing
₹-4 cr
Peer comparison
IT Enabled Services · by market value
CompanyPriceMarket capP/E
L&T Technology Services Limited₹3,324₹35,238 cr25.1
Tata Technologies Limited₹759₹30,809 cr42.6
Inventurus Knowledge Solutions Limited₹1,729₹29,538 cr37.4
Netweb Technologies India Limited₹4,579₹26,070 cr76.4
Affle 3i Limited₹1,546₹21,734 cr42.3
SAGILITY LIMITED₹45₹20,851 cr24.2
Black Box Limited₹766₹13,611 cr60.8
Amagi Media Labs Limited₹574₹12,425 cr96.4
E2E Networks Limited₹604₹12,424 cr70.6
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
1.6% pledged
Promoter
44.3%
FII / Foreign
2.3%
DII / Domestic
5.4%
Retail / others
48.0%
Promoter stake up 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtKartikeya Pasumarti · -10,000 · ₹29.1 L28 Mar 24
SoldSaurabh Puri · -20,000 · ₹56.2 L26 Mar 24
SoldSaurabh Puri · -10,000 · ₹32.2 L13 Mar 24
Bulk / block deals
short · NSE115 Sep 26
short · NSE3,00026 Aug 26
short · NSE10021 Aug 26
Stake changes
BoughtRan Ventures Private Limited · promoter→ 44.30% · 16,90019 Jun 26
BoughtRAN Ventures Private Limited · promoter→ 44.29% · 30,00020 May 26
BoughtRAN Ventures Private Limited · promoter→ 44.26% · 50,00019 May 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 31 Oct 2025
See the official result
1
ISSUANCE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
3.11 cr votes for, 604 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 35 named members
owning 44.3% between them · as of 2026-06-30
RAJ P NARAYANAM34.33%
AVINASH RAMESH GODKHINDI5.71%
QUADIGO VENTURES LLP3.92%
RAN VENTURES PRIVATE LIMITED0.35%
ANJANA RAMESH THAKKERno shares
BIMAL RAJ KANETno shares
DIGERATIE TCX PRIVATE LIMITEDno shares
DIGERATIE XP PRIVATE LIMITEDno shares
Business done with them
FY2025 · 2 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.1% of its ₹1,304 cr revenue.
Raj P Narayanam
Other payments to them · Remuneration
also owns 34.33% of the company
₹1 cr
company paid
Avinash Ramesh Godkhindi
Other payments to them · Remuneration
also owns 5.71% of the company
₹77.5 L
company paid

The company also transacted with 12 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹15 cr raised in Dec 2025 by selling shares to selected investors

As of Jun 2026, the company says it has spent 25% of what it set aside.

Expenditure brand building activities including promotions,advertisements, marketing, and related initiatives, aims to enhance the Company's and its subsidiaries' market reach and visibility
23%
of what was set aside
Working Capital
95%
of what was set aside
General Corporate Purposes
0%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

₹595 cr raised in Dec 2024 by selling shares to large investors

As of Jun 2026, the company says it has spent 42% of what it set aside, leaving ₹346 cr still to be spent. Care Ratings Limited watches the spending on the exchange’s behalf.

Strategic investments, acquisitions and inorganic growth opportunities by our Company and our Subsidiary, SAISPL
42%
₹158 cr of ₹375 cr
Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by our Company
100%
₹59 cr of ₹59 cr
General corporate purposes
8%
₹11 cr of ₹140 cr
Issue related expenses
100%
₹21 cr of ₹21 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.