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Zaggle Prepaid Ocean Services share price & results

Zaggle Prepaid Ocean Services Limited· Information Technology

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's #1 prepaid-card issuer; SaaS+fintech platform for corporate spend, expense and rewards.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue423 ₹ crore+27.4% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin7.0 %−2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit18.0 ₹ crore−30.8% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity9.83 %+1.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-8.28 %−4.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)44.44 %−21.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

5 of 9 judged targets kept · 15 open · verdicts reflect calls analysed to Q1 FY27.

Zaggle Prepaid Ocean Services Limited management guidance track record on Inve: 24 targets tracked across analysed earnings calls (5 achieved, 4 missed, 15 open).

TargetOriginal wordingSaidLatest callVerdict
FY25 Top Line Growth45-55%
Call transcript, Q2 FY25 · 13 Nov 2024		Q2 FY25Q1 FY27:Historical target already achieved.
Call transcript, Q1 FY27 · 14 Aug 2026		Achieved
Propel Gross Margin7-9% for full year FY25
Call transcript, Q2 FY25 · 13 Nov 2024		Q2 FY25Q1 FY27:Historical target missed.
Call transcript, Q1 FY27 · 14 Aug 2026		Missed
FY27 Standalone Revenue Growth25% to 30%
Call transcript, Q4 FY26 · 13 May 2026		Q4 FY26Q1 FY27:Q1 FY27 standalone revenue grew 18% YoY, below the full-year guidance of 25-30%. Management attributes this to seasonality and expects acceleration, but the target is at risk.
Call transcript, Q1 FY27 · 14 Aug 2026		At Risk

Source: Inve Guidance Tracker for Zaggle Prepaid Ocean Services Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Zaggle Prepaid Ocean Services Limited's 24 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 21 more targets are in the full ledger.

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Price

₹151.46 +0.73% · +₹1.1

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −58.2% 1Y

₹200₹300₹400Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 13 May 2026Q1 FY27 — 14 Aug 2026

1Y: ₹362.75 on 24 Oct 2025 → ₹151.46. High ₹401.35 (17 Nov 2025), low ₹150.36 (23 Oct 2026).

Previous close
₹150.36
Market cap
₹2.0k Cr
52-week range
₹150.36 – ₹401.35
One year
−58.45%
Price to earnings (TTM to Jun 2026)
15.63×
Return on equity (TTM to Jun 2026)
9.83%

Overview

Symbol
NSE:ZAGGLE
Exchange
NSE
Currency
INR

What Zaggle Prepaid Ocean Services Limited does

Based on the company's own presentations, annual report and earnings calls.

Zaggle Prepaid Ocean Services runs a SaaS-plus-fintech ecosystem that digitises non-capex corporate spend — employee expenses, reimbursements and benefits, vendor procure-to-pay, channel-partner incentives, and rewards/recognition programs. It earns through SaaS/platform fees charged to corporates, a share of card interchange from partner banks (program fees), and merchant commission on Propel platform redemptions (gift cards/vouchers). The company embeds prepaid and corporate credit cards, mobile apps and API integrations on top of client ERPs, HRMS and CRM systems, and works with banking and card-network partners (Visa, Mastercard, NPCI) to issue and process cards. It has expanded inorganically into UPI/consumer credit cards, golf-focused loyalty and rewards, tax e-filing (TaxSpanner) and an API banking platform (TransXT/86400), and has also set up a GIFT City IFSC entity for cross-border payments.

Segments

  • Software/SaaS Fees
  • Program Fees
  • Propel Platform Revenue
Corporate customers on platform
3,900+ (FY26)
Aggregate users on platform
3.9 million+ (FY26)
Cards issued (cumulative)
50 million+
Market position
#1 prepaid card issuer in India / #1 spend-management company in India
Bank partners
19
Employees
310+
Founded 2011Employees 310 (Q4 FY26 (Mar 2026))

How the price took the results

close before → close after

Q1 FY27
−0.2%
14 Aug
Q4 FY26
+0.5%
13 May
Q3 FY26
+2.4%
12 Feb
Q2 FY26
+4.2%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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