Zaggle Prepaid Ocean Services

Quick check

The five things to look at first. Open one for more.

• DebtAdequate safetyRated A- by CARE.
• ResultsProfit fallingIn the Jun 2026 quarter, sales rose 18% and profit fell 35% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 44% of the company, about the same as in Jun 2025.
• ValuationCheap vs its pastThe share trades at 16.8 times its yearly earnings (P/E), cheaper than 99% of the time in the last 3 years. Its usual P/E is about 64.

Zaggle Prepaid Ocean Services against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)16.8 against a typical 25.2: cheaper than most peers (1st = cheapest).35th of 106
• Sales growth+17.8% against a typical +20.8% from a year earlier.48th of 85
• Profit growth−34.6% against a typical +5.6% from a year earlier.58th of 77
• Share price, 3 months−22.5% against a typical −9.1%.74th of 93
• Size₹ 2,005.2 Cr. market value against a typical ₹ 206.6 Cr. (1st = largest).17th of 100

Exchange filings and their impact on the company.

• 28 Oct 2026Bagging/Receiving of orders/contractsLow impactPositive
  Zaggle won a 1-year Propel platform mandate from AGP City Gas with usage-linked fees.

  Zaggle Prepaid Ocean Services signed an agreement with AGP City Gas Private Limited on October 27, 2026 to provide its Zaggle Propel platform. The contract is valid for 1 year and is with a domestic entity with no promoter interest. The fee depends on monthly active users and vouchers redeemed, so no fixed contract value was disclosed, indicating a small usage-linked SaaS win.

  Full analysisFiling
• 22 Oct 2026General UpdatesLow impactNeutralPrice −1.7% that day
  Zaggle incorporated an ADGM holding subsidiary, with no near-term financial impact.

  Zaggle Prepaid Ocean Services has incorporated a wholly owned subsidiary, Zaggle Holding Limited, in the Abu Dhabi Global Market, UAE. The certificate of incorporation was received on October 22, 2026, following an earlier intimation on October 6, 2026. No investment amount, capital or business plan was disclosed, so this creates an overseas holding structure with no immediate impact on revenue or profits.

  Full analysisFiling
• 6 Oct 2026Outcome of Board MeetingLow impactPositivePrice +0.9% that day
  Zaggle to set up $10k ADGM holding subsidiary to anchor future overseas fintech expansion.

  Zaggle's board on October 6, 2026 approved incorporation of a wholly owned subsidiary, Zaggle Holding Limited, in Abu Dhabi Global Market (ADGM), UAE. The entity will focus on fintech, SaaS and AI and act as a holding company for group and third-party investments, with 100% ownership by Zaggle. Initial capital is only USD 10,000 to be infused in tranches, so near-term financial impact is negligible but it signals intent to expand in the Middle East.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Raj P. Narayanam

Executive Chairman of the Board

Avinash Ramesh Godkhindi

Managing Director and Chief Executive Officer, Executive Director

Venkatesh Ramachandran

Group Chief Financial Officer

Hari Priya

Company Secretary and Compliance Officer