Zaggle Prepaid Ocean Services Limited (ZAGGLE)

Information Technology · IT - Services · NSE · Updated 15 July 2026

₹211.96 ↓ 49.1% (1Y)

🎯 Key Takeaways

Zaggle Prepaid Ocean Services Limited is in a high-growth phase, transitioning from early-stage scaling to structured profitability with clear expansion ambitions. Management is targeting FY27 standalone revenue growth of 25–30% and consolidated growth of ~40%, underpinned by AI-driven product development and geographic expansion into MENA and US markets.
Revenue grew 11.3% QoQ to ₹337 in Q3FY25.
⚠️ Revenue concentration risk: A significant portion of growth is tied to new geographies (MENA, US), where regulatory and operational challenges may imp

Market Cap

₹2,832

P/E Ratio

33.9

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About ZAGGLE 📊 Interactive Charts

📖 The Story

Zaggle Prepaid Ocean Services Limited is in a high-growth phase, transitioning from early-stage scaling to structured profitability with clear expansion ambitions. Management is targeting FY27 standalone revenue growth of 25–30% and consolidated growth of ~40%, underpinned by AI-driven product development and geographic expansion into MENA and US markets. The company has demonstrated consistent top-line and margin expansion, signaling operational scaling and improved execution efficiency.

📰 What's Happening

The company reported record financial performance for Q4 and FY26, with consolidated revenue up 46.3% YoY to ₹19,076 million and PAT rising 51.8% YoY to ₹1,388 million. Adjusted EBITDA grew 62.4% YoY to ₹605 million, driven by margin expansion to 9.8%. Management highlighted AI-first product development and international market entry as key growth levers. A discrepancy in consolidated EPS filings was formally corrected and updated with revised XBRL documentation submitted to NSE. Trading restrictions were imposed ahead of Q1 FY27 results to ensure compliance during insider trading window closure.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	118	184	200	273	252	303	337
Operating Profit	9	16	25	32	27	33	32
OPM %	6.7%	8.2%	10.2%	10.0%	8.9%	8.8%	8.6%
Net Profit	2	8	15	19	17	20	20
EPS	₹0.24	₹0.78	₹1.47	₹1.57	₹1.37	₹1.66	₹1.61

Revenue has grown consistently over the past eight quarters, with a notable acceleration to ₹6,179 million in Q4FY26 (+49.9% YoY), reflecting strong demand and scalability. Profitability trends show OPM expansion from 6.7% in Q1FY24 to 10.0% in Q4FY24, and further improvement in adjusted EBITDA margin to 9.8%, indicating operating leverage and cost discipline. Net profit and EPS trends align with revenue growth, with PAT increasing 30.4% YoY in Q4FY26 to ₹406 million, supporting sustained earnings momentum.

🔮 Management Outlook & What's Next

Management projects FY27 standalone revenue growth of 25–30% and consolidated revenue growth of approximately 40%, driven by AI-first product development and expansion into MENA and US markets. This forward guidance, disclosed in the Q4FY26 results filing, underscores confidence in scalable growth and monetization of new geographies. No specific margin or profitability targets were provided, but margin expansion was cited as a key outcome of operational efficiencies.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — IT - Services

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
L&T Technology Services Limited	37,049	28.5	—	—	—
Inventurus Knowledge Solutions Limited	27,371	37.5	—	—	—
Tata Technologies Limited	25,193	39.0	—	—	—
Netweb Technologies India Limited	21,868	106.3	—	—	—
Affle 3i Limited	20,797	45.6	15.4%	12.4%	0.00
SAGILITY LIMITED	19,662	21.3	—	—	—
Black Box Limited	15,597	79.7	—	—	—
Cyient Limited	9,676	15.1	—	—	—
Amagi Media Labs Limited	8,751	—	—	—	—
Datamatics Global Services Limited	4,385	20.6	—	—	—

🔗 Peer Stock Analyses

LTTS IKS TATATECH NETWEB AFFLE

⚠️ Risk Factors

1. Revenue concentration risk: A significant portion of growth is tied to new geographies (MENA, US), where regulatory and operational challenges may impact execution. 2. Execution risk in international markets: Expansion into unfamiliar territories increases complexity in customer acquisition and compliance. 3. Margin sustainability: While EBITDA margins have improved, the pace of investment in AI and global expansion could pressure profitability if revenue growth slows. 4. Regulatory scrutiny: The recent EPS filing discrepancy highlights potential vulnerabilities in reporting accuracy, which could affect investor trust if recurring.

📋 Recent Filings

🧠 Analyst's Read

Zaggle is transitioning from a high-growth startup phase to a scalable, profitable IT services player with international ambitions. The key watchpoint is execution risk in new markets and whether margin expansion can be sustained amid rising investments in AI and global infrastructure. Investors should monitor Q1FY27 results for early signs of international traction and management's ability to deliver on FY27 growth targets.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on ZAGGLE

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

📡 Get AI alerts when ZAGGLE files new disclosures

Track ZAGGLE filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track ZAGGLE — Free

Free account · 2 AI queries/day