ZAGGLE
Zaggle Prepaid Ocean Services Limited
Corporate spend-management platform with prepaid cards and vendor payments
Information Technology›Information Technology›IT - Services›IT Enabled Services
zaggle.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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What you need to know
Zaggle sells corporate spend-management and payments tools to Indian businesses, including prepaid and credit cards, employee benefit wallets, rewards and incentives (Propel), and spend and vendor-payment management (Zoyer).
Company snapshot
19thBy market cap
Ranked among 56 companies in IT Enabled Services.
What we see
- ✓Debt-to-equity of 0.03x — the company is largely funded by its own money, not borrowed funds.
- ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 184 Cr | 200 Cr | 273 Cr | 252 Cr | 303 Cr | 337 Cr | 412 Cr | 332 Cr | 432 Cr | 526 Cr | 618 Cr | 423 Cr |
| Operating expenses (approx.) | 169 Cr | 179 Cr | 246 Cr | 230 Cr | 276 Cr | 308 Cr | 376 Cr | 301 Cr | 388 Cr | 473 Cr | 560 Cr | 392 Cr |
| EBITDA | 15 Cr | 20 Cr | 27 Cr | 22 Cr | 27 Cr | 29 Cr | 36 Cr | 30 Cr | 44 Cr | 52 Cr | 58 Cr | 31 Cr |
| OPM % | 8.2% | 10.2% | 10.0% | 8.9% | 8.8% | 8.6% | 8.7% | 9.2% | 10.2% | 9.9% | 9.4% | 7.3% |
| Other income | 0.67 Cr | 4 Cr | 5 Cr | 5 Cr | 6 Cr | 4 Cr | 13 Cr | 12 Cr | 9 Cr | 9 Cr | 8 Cr | 7 Cr |
| Interest | 3 Cr | 2 Cr | 4 Cr | 2 Cr | 2 Cr | 2 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 2 Cr | 2 Cr |
| Depreciation | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 4 Cr | 6 Cr | 7 Cr | 7 Cr | 10 Cr | 13 Cr | 13 Cr |
| Profit before tax | 10 Cr | 21 Cr | 26 Cr | 23 Cr | 28 Cr | 26 Cr | 41 Cr | 35 Cr | 46 Cr | 50 Cr | 54 Cr | 25 Cr |
| Tax % | 23.6% | 27.2% | 26.2% | 26.5% | 27.8% | 24.8% | 24.6% | 24.9% | 24.3% | 25.5% | 25.4% | 31.2% |
| Net profit | 8 Cr | 15 Cr | 19 Cr | 17 Cr | 20 Cr | 20 Cr | 31 Cr | 26 Cr | 35 Cr | 37 Cr | 41 Cr | 18 Cr |
| EPS (₹) | ₹0.78 | ₹1.47 | ₹1.57 | ₹1.37 | ₹1.66 | ₹1.61 | ₹2.32 | ₹1.94 | ₹2.61 | ₹2.76 | ₹3.03 | ₹1.30 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 553 Cr | 776 Cr | 1,304 Cr | 1,908 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 505 Cr | 705 Cr | 1,190 Cr | 1,723 Cr | Sign in free for the trailing twelve months |
| EBITDA | 48 Cr | 71 Cr | 114 Cr | 185 Cr | Sign in free for the trailing twelve months |
| OPM % | 8.7% | 9.1% | 8.7% | 9.7% | Sign in free for the trailing twelve months |
| Other income | 1 Cr | 11 Cr | 27 Cr | 38 Cr | Sign in free for the trailing twelve months |
| Interest | 11 Cr | 14 Cr | 8 Cr | 5 Cr | Sign in free for the trailing twelve months |
| Depreciation | 6 Cr | 8 Cr | 15 Cr | 37 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 32 Cr | 60 Cr | 118 Cr | 185 Cr | Sign in free for the trailing twelve months |
| Tax % | 27.6% | 26.4% | 25.8% | 25.1% | Sign in free for the trailing twelve months |
| Net profit | 23 Cr | 44 Cr | 88 Cr | 139 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹2.48 | ₹4.06 | ₹6.99 | ₹10.28 | Sign in free for the trailing twelve months |
| Dividend payout % | — | 0.0% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 9 Cr | 12 Cr | 13 Cr | 13 Cr |
| Reserves | 40 Cr | 563 Cr | 1,235 Cr | 1,391 Cr |
| Borrowings | 121 Cr | 74 Cr | 9 Cr | 45 Cr |
| Other liabilities | 65 Cr | 47 Cr | 58 Cr | 101 Cr |
| Total liabilities | 235 Cr | 696 Cr | 1,315 Cr | 1,554 Cr |
| Fixed assets (net) | 2 Cr | 3 Cr | 40 Cr | 38 Cr |
| CWIP | — | 50 Cr | 0 Cr | 0 Cr |
| Investments | 2 Cr | 27 Cr | 25 Cr | 32 Cr |
| Inventories | 0.10 Cr | 0.36 Cr | 0.33 Cr | 0.84 Cr |
| Trade receivables | 103 Cr | 175 Cr | 215 Cr | 361 Cr |
| Cash & bank | 20 Cr | 8 Cr | 38 Cr | 106 Cr |
| Other assets | 108 Cr | 434 Cr | 997 Cr | 1,016 Cr |
| Total assets | 235 Cr | 696 Cr | 1,315 Cr | 1,554 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operating activity | -16 Cr | -83 Cr | 20 Cr | -51 Cr |
| Cash from investing | -24 Cr | -332 Cr | -486 Cr | 75 Cr |
| Cash from financing | 59 Cr | 403 Cr | 496 Cr | 44 Cr |
| Net cash flow | 19 Cr | -12 Cr | 30 Cr | 68 Cr |
| Free cash flow (OCF − Capex) | -32 Cr | -397 Cr | -48 Cr | -159 Cr |
Ratios
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE % | 25.3% | 11.3% | 10.0% | 13.1% |
| ROE % | 47.0% | 7.7% | 7.0% | 9.8% |
| Debtor days | 68 | 82 | 60 | 69 |
| Inventory days | 0 | 0 | 0 | 0 |
| Days payable | 6 | 1 | 1 | 4 |
| Cash conversion cycle | 62 | 81 | 59 | 65 |
| OCF / EBITDA % | -32.5% | -117.2% | 17.3% | -27.8% |
| OCF / EBITDA % (3 years) | — | — | -33.8% | -31.0% |
| Debt / equity | 2.48 | 0.13 | 0.0068 | 0.03 |
| Current ratio | 1.49 | 6.18 | 20.06 | 8.72 |
| Net debt / EBITDA | 2.11 | 0.93 | -0.26 | -0.33 |