ZEAL

Zeal Global Services Limited

Listed company · ISIN INE0PPS01018 · NSE SM · FV ₹10
Last price
₹69
-9.80%today
What this company does

Zeal Global Services Limited is a listed company. It booked ₹114 cr of revenue in its latest half year (H2 FY26) and kept 5.7% of sales as profit.

60out of 100
Equitytale Health Score
Mixed

Healthier than 60% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,334–2,885 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)
52

At close. Not part of the score.

Profitability & returns64

How much profit it earns on the money it employs

Balance sheet55

How much it owes, and whether earnings cover the interest

Cash quality16

Whether reported profit actually arrives as cash

Valuation81

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

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

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
A mixed picture
Strengths
✓ Makes a profit
✓ Promoters hold 73%
✓ No promoter shares pledged
✓ Strong 17% return on equity
Watch-outs
! Thin 5.7% net margin

What if I invest in ZEAL?

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 We do not publish price targets or predict returns.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 half year + price
₹69▼ -9.80%
latest close · 2026-10-01
52-wk low ₹6143 sessions so far52-wk high ₹94
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 ratio7.0Low
LowAverageHigh
P/B ratio1.15Moderate
Below bookModerateHigh
EV / EBITDA5.3Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.5%Strong
WeakFairStrong ▸15%
Return on capital22.2%Strong
WeakFairStrong
Net margin5.7%Decent
ThinDecentStrong
EBITDA margin9.1%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.25Comfortable
LowModerateHigh ▸1
Interest cover9.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.41Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹91 cr
Book value
₹59
EPS
₹4.90
latest half year
Net debt
₹18 cr
owes more than its cash
Enterprise value
₹109 cr
EBITDA
₹21 cr
annualised
EBIT
₹21 cr
annualised
Operating margin
9.1%
Return on assets
9.1%
Earnings yield
14.30%
P/S
0.40
Sales / share
₹171.6
Tax rate
27.0%
Face value
₹10
Shares
1.3 cr
Working capital
₹21 cr
Current assets
₹71 cr
Current liabilities
₹50 cr
Delivery %
85.7%
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 half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-10-01.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹60–₹60, midpoint ₹60

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 · H2 FY26 (consolidated)
Revenue from Operations₹114 cr
Other Income₹2 cr
Total Income₹117 cr
Cost of Materials₹89 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹4 cr
Finance Costs₹1 cr
Other Expenses₹10 cr
Total Expenses₹107 cr
Profit before Tax₹9 cr
Tax Expense₹3 cr
Net Profit₹7 cr
Net margin on total income5.6%
Where the money goes · H2 FY26
% of total income
Materials + stock-in-trade₹89 cr76.7%
Employee benefit expense₹4 cr3.8%
Finance costs₹1 cr1.0%
Other expenses₹13 cr10.7%
Tax expense₹3 cr2.2%
Profit for the period₹7 cr5.6%
Total income ₹117 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH1 FY26H2 FY26
Revenue171 cr114 cr
Total income173 cr117 cr
Expenses167 cr107 cr
Profit before tax6 cr9 cr
Tax2 cr3 cr
Net profit (owners' share)5 cr7 cr
Net margin (owners' share, on revenue)2.7%5.7%
EPS (₹)3.474.90
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹143 cr
Shareholder equity
₹79 cr
parent shareholders
Total debt
₹20 cr
Cash
₹2 cr
Corporate actions
Dividend yield
2.19%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹1.5 / share11 Sep 2026
Who owns it · 2026-03-31
No pledge
Promoter
73.4%
FII / Foreign
—
DII / Domestic
2.4%
Retail / others
24.2%
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.

Yearly shareholder meeting · 25 Sep 2026
See the official result
1
To consider and adopt: (a)the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31st, 2026, the reports of the Board of Directors and Auditors thereon; and (b) the Audited consolidated Financial Statements of the Company for the Financial Year ended March 31st, 2026 and Auditors Report thereon.
Backed by 100% of shareholders other than promotersneeded 50%
10.21 L votes for, 600 against
2
To declare dividend on equity shares for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
10.21 L votes for, 600 against
3
To re-appoint a director in place of Mr. Vishal Sharma (DIN: 03595316) who retires by rotation at this Annual General Meeting and being eligible offered himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 75%
10.21 L votes for, 600 against
4
To consider and approve regularization of Mrs. Deeksha Bajaj (DIN: 06883669) as Independent Director of the company
Backed by 100% of shareholders other than promotersneeded 50%
10.21 L votes for, 600 against

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 — 4 named members
owning 73.4% between them · as of 2026-03-31
NIPUN ANAND55.78%
VISHAL SHARMA17.62%
MONA SHARMAno shares
URMIL ANANDno shares

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.

₹36 cr raised in Aug 2023 by selling shares to the public

As of Mar 2026, the company says it has spent 100% of what it set aside.

WORKING CAPITAL REQUIREMENTS
100%
₹12 cr of ₹12 cr
INVESTMENT IN SUBSIDIARIES
100%
₹10 cr of ₹10 cr
REPAYMENT OF DEBT
100%
₹4 cr of ₹4 cr
GENERAL CORPORATE PURPOSE
100%
₹7 cr of ₹7 cr
ISSUE EXPENSES
100%
₹3 cr of ₹3 cr
Spent by quarter: 95% → 100% (to Mar 2026)

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.