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Past 10 year's financial track record analysis by Moneyworks4me indicates that Zaggle Prepaid Ocean Services Ltd is a average quality company.
The key valuation ratios of Zaggle Prepaid Ocean Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Zaggle Prepaid Ocean Services Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 660.7% | 207.7% | 138% | 37.3% | 18% | - |
| Value Creation Index ⓘ | 47.9 | 14.4 | 9.2 | 1.7 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 68.3 | 240 | 371 | 553 | 776 | 909 |
| Sales YoY Gr. | - | 251.2% | 54.7% | 49.1% | 40.1% | - |
| Adj EPS ⓘ | 0.4 | 2.1 | 4.6 | 2.5 | 3.6 | 4.8 |
| YoY Gr. | - | 414.6% | 116.6% | -45.7% | 44.8% | - |
| BVPS (₹) ⓘ | -7.1 | -5 | -0.4 | 3.7 | 45.7 | 47 |
| Adj Net Profit ⓘ | 3.7 | 19.3 | 41.9 | 22.9 | 44 | 59 |
| Cash Flow from Ops. ⓘ | -20.4 | 3.4 | 20.1 | -15.6 | -82.8 | - |
| Debt/CF from Ops. ⓘ | -3.3 | 20.2 | 3.2 | -7.8 | -0.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 47.9% | 40.1% | ||||
| Adj EPS ⓘ | NA | NA | 19.4% | 44.8% | ||||
| BVPSⓘ | NA | NA | NA | 1127.7% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -5.7 | -35 | -170.7 | 101.4 | 14.1 | 10.3 |
| Op. Profit Mgn % ⓘ | 16.5 | 11.5 | 16.2 | 8.4 | 9.1 | 9.4 |
| Net Profit Mgn % ⓘ | 5.4 | 8.1 | 11.3 | 4.1 | 5.7 | 6.5 |
| Debt to Equity ⓘ | -1 | -1.5 | -18.1 | 3.5 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 50 | 56 | 81 | 119 | 122 |
| Cash Conv. Cycle ⓘ | 0 | -1 | 15 | 41 | 62 | 104 |
Return on Equity has increased versus last 3 years average to 10.30%
Sales growth is growing at healthy rate in last 3 years 47.85%
Net Profit is growing at healthy rate in last 3 years 19.38%
Sales growth is good in last 4 quarters at 58.91%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.8 | 4.8 |
| TTM Sales (₹ Cr.) | 909 | 909 |
| BVPS (₹.) ⓘ | 47 | 47 |
| Reserves (₹ Cr.) ⓘ | 564 | 564 |
| P/BV ⓘ | 9.41 | 9.41 |
| PE ⓘ | 92.38 | 92.35 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 155.60 / 493.00 |
| All Time Low / High (₹) | 155.60 / 493.00 |
| Market Cap (₹ Cr.) | 5,421 |
| Equity (₹ Cr.) | 12.3 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 409.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 68 | 240 | 371 | 553 | 776 |
| Operating Expenses ⓘ | 57 | 212 | 311 | 507 | 705 |
| Manufacturing Costs | 33 | 180 | 272 | 331 | 393 |
| Material Costs | 3 | 2 | 2 | 2 | 1 |
| Employee Cost | 11 | 12 | 15 | 44 | 51 |
| Other Costs ⓘ | 11 | 18 | 23 | 130 | 260 |
| Operating Profit ⓘ | 11 | 28 | 60 | 47 | 71 |
| Operating Profit Margin (%) | 16.5% | 11.5% | 16.1% | 8.4% | 9.1% |
| Other Income ⓘ | 0 | 0 | 0 | 3 | 11 |
| Interest ⓘ | 5 | 8 | 7 | 11 | 14 |
| Depreciation ⓘ | 2 | 2 | 2 | 6 | 8 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 5 | 18 | 51 | 32 | 60 |
| Tax ⓘ | 1 | -1 | 9 | 9 | 16 |
| Profit After Tax | 4 | 19 | 42 | 23 | 44 |
| PAT Margin (%) | 5.4% | 8.1% | 11.3% | 4.1% | 5.7% |
| Adjusted EPS (₹) | 0.4 | 2.1 | 4.6 | 2.5 | 3.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -65 | -46 | -4 | 34 | 559 | |||||
| Share Capital ⓘ | 0 | 0 | 0 | 9 | 12 | |||||
| Reserves ⓘ | -65 | -46 | -4 | 25 | 547 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 63 | 38 | 49 | 71 | 51 | |||||
| Long Term Debt | 63 | 38 | 48 | 51 | 15 | |||||
| Short Term Debt | 0 | 0 | 0 | 20 | 35 | |||||
| Trade Payables | 16 | 19 | 11 | 9 | 2 | |||||
| Others Liabilities ⓘ | 25 | 40 | 34 | 122 | 99 | |||||
| Total Liabilities ⓘ | 39 | 51 | 90 | 237 | 711 | |||||
Fixed Assets | ||||||||||
| Gross Block | 12 | 12 | 19 | 42 | 43 | |||||
| Accumulated Depreciation | 4 | 5 | 7 | 13 | 21 | |||||
| Net Fixed Assetsⓘ | 8 | 7 | 12 | 29 | 23 | |||||
| CWIP ⓘ | 0 | 0 | 2 | 11 | 50 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 2 | 27 | |||||
| Inventories | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Receivables | 16 | 23 | 43 | 103 | 175 | |||||
Cash Equivalents  ⓘ
| 6 | 3 | 4 | 23 | 279 | |||||
| Others Assetsⓘ | 9 | 18 | 30 | 70 | 158 | |||||
| Total Assets ⓘ | 39 | 51 | 90 | 237 | 711 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -20 | 3 | 20 | -16 | -83 |
| PBT ⓘ | 5 | 18 | 51 | 32 | 60 |
| Adjustment ⓘ | 6 | 10 | 10 | 30 | 26 |
| Changes in Working Capital ⓘ | -30 | -21 | -35 | -74 | -160 |
| Tax Paid ⓘ | -2 | -3 | -6 | -3 | -9 |
| Cash Flow From Investing Activity ⓘ | -4 | -1 | -10 | -18 | -332 |
| Capex | -4 | -1 | -8 | -16 | -46 |
| Net Investments | 0 | 0 | -2 | -2 | -24 |
| Others ⓘ | 0 | 0 | 0 | 0 | -262 |
| Cash Flow From Financing Activityⓘ | 27 | -6 | -12 | 53 | 403 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 15 | 487 |
| Net Proceeds from Borrowing ⓘ | 32 | -1 | -9 | 37 | -63 |
| Interest Paid ⓘ | -4 | -4 | -3 | -11 | -14 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1 | -1 | -1 | 12 | -8 |
| Net Cash Flow ⓘ | 3 | -3 | -2 | 19 | -12 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | 148.8 | 14.83 | |||||
| ROCE (%) | N/A | N/A | N/A | 37.32 | 17.97 | |||||
| Asset Turnover Ratio | 1.73 | 5.28 | 5.24 | 3.38 | 1.64 | |||||
| PAT to CFO Conversion(x) | -5 | 0.16 | 0.48 | -0.7 | -1.89 | Working Capital Days | ||||
| Receivable Days | 85 | 29 | 32 | 48 | 65 | |||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | |||||
| Payable Days | 2,026 | 4,233 | 3,063 | 2,077 | 1,662 | |||||
The company was incorporated as ‘Zaggle Prepaid Ocean Services Private Limited’ at Hyderabad as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 2, 2011 issued by the Registrar of Companies, Andhra Pradesh at Hyderabad. Subsequently, the company was converted into a public limited company under the Companies Act, 2013, pursuant to a special resolution passed by its Shareholders at the EGM held on August 22, 2022 and consequently, the name of the company was changed to ‘Zaggle Prepaid Ocean Services Limited’ and a fresh certificate of incorporation dated September 13, 2022 was issued by the Registrar of Companies, Telangana at Hyderabad.
Incorporated in 2011, the company operates in a segment where it interacts and interface with it Customers (i.e., businesses) and end Users (i.e., employees) and is among a small number of uniquely positioned players with a diversified offering of fintech products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners, a diversified portfolio of SaaS, including tax and payroll software, and a wide touchpoint reach. The company is sector-agnostic, and its network of corporate customers covers the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobile industries, among others, where it has relationships with brands such as TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP – Sanjiv Goenka Group), Hiranandani group, Cotiviti and Greenply Industries. It is placed at the intersection of the SaaS and fintech ecosystems, and its SaaS platform is designed for: (i) business spend management (including expense management and vendor management); (ii) rewards and incentives management for employees and channel partners; and (iii) gift card management for merchants, which it refer to as customer engagement management system (CEMS).
Business area of the company
The company’s core product portfolio include: ‘Propel’, a corporate SaaS platform for channel rewards and incentives, employee rewards and recognition; ‘Save’, a SaaS-based platform and a mobile application to offer expense management solution for business spend management facilitating digitised employee reimbursements and tax benefits; ‘CEMS’, a customer engagement management system that enables merchants to comprehensively manage their customer experiences including rewarding merchants through gift card and loyalty benefits; ‘Zaggle Payroll Card’, a prepaid payroll card that allows Customers to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers as an alternative to direct deposits to bank accounts or cash payments; and ‘Zoyer’, an integrated data driven, SaaS based business spend management platform with embedded automated finance capabilities in core invoice to pay workflows.
Key awards, accreditations and recognitions
Major Events
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
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