Zaggle Prepaid Ocean Services Ltd - Stock Valuation and Financial Performance

BSE: 543985 | NSE: ZAGGLE | Fintech | Small Cap

Zaggle Prepaid Ocean Share Price

301.50 3.00 1.01%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Zaggle Prepaid Ocean

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Zaggle Prepaid Ocean Services stock performance -

mw4me loader
P/E Ratio (SA):
83.89
Market Cap:
3,692.9 Cr.
52-wk low:
155.6
52-wk high:
391.7

Is Zaggle Prepaid Ocean Services Ltd an attractive stock to invest in?

1. Is Zaggle Prepaid Ocean Services Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Zaggle Prepaid Ocean Services Ltd is a average quality company.

2. Is Zaggle Prepaid Ocean Services Ltd undervalued or overvalued?

The key valuation ratios of Zaggle Prepaid Ocean Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Zaggle Prepaid Ocean Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Zaggle Prepaid Ocean Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Zaggle Prepaid Ocean:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Zaggle Prepaid Ocean Services Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 489.2%198.2%111%26.8%-
Value Creation
Index
33.913.26.90.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 68.3240371553776
Sales YoY Gr.-251.2%54.7%49.1%-
Adj EPS 0.42.14.62.53.6
YoY Gr.-414.6%116.6%-45.7%-
BVPS (₹) -7.1-5-0.43.747
Adj Net
Profit
3.719.341.922.944
Cash Flow from Ops. -20.43.420.1-15.6-
Debt/CF from Ops. -3.320.23.2-7.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA100.8%49.1%
Adj EPS NANA82.2%-45.7%
BVPSNANANANA
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-5.7-35-170.7101.414.2
Op. Profit
Mgn %
16.511.516.28.79.1
Net Profit
Mgn %
5.48.111.34.15.7
Debt to
Equity
-1-1.5-18.13.50
Working Cap
Days
0505680122
Cash Conv.
Cycle
0-11541104

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.20%

Sales growth is growing at healthy rate in last 3 years 100.83%

Net Profit is growing at healthy rate in last 3 years 82.20%

Sales growth is good in last 4 quarters at 39.12%

No data to display

Latest Financials - Zaggle Prepaid Ocean Services Ltd.

Standalone Consolidated
TTM EPS (₹) 3.6 3.6
TTM Sales (₹ Cr.) 776 776
BVPS (₹.) 47 47
Reserves (₹ Cr.) 563 563
P/BV 6.42 6.42
PE 83.89 83.89
From the Market
52 Week Low / High (₹) 155.60 / 391.65
All Time Low / High (₹) 155.60 / 391.65
Market Cap (₹ Cr.) 3,693
Equity (₹ Cr.) 12.3
Face Value (₹) 1
Industry PE 332.6

Management X-Ray of Zaggle Prepaid Ocean:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Zaggle Prepaid Ocean

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales68240371553
Operating Expenses 57212311505
Manufacturing Costs33180272432
Material Costs3222
Employee Cost 11121544
Other Costs 11182328
Operating Profit 11286048
Operating Profit Margin (%) 16.5%11.5%16.1%8.7%
Other Income 0001
Interest 58711
Depreciation 2226
Exceptional Items 0000
Profit Before Tax 5185132
Tax 1-199
Profit After Tax 4194223
PAT Margin (%) 5.4%8.1%11.3%4.1%
Adjusted EPS (₹)0.42.14.62.5
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -65-46-434
Share Capital 0009
Reserves -65-46-425
Minority Interest0000
Debt63384971
Long Term Debt63384851
Short Term Debt00020
Trade Payables1619119
Others Liabilities 254034117
Total Liabilities 395190232

Fixed Assets

Gross Block12121942
Accumulated Depreciation45713
Net Fixed Assets871229
CWIP 00211
Investments 0002
Inventories0000
Trade Receivables162343103
Cash Equivalents 63423
Others Assets9183066
Total Assets 395190232

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -20320-16
PBT 5185132
Adjustment 6101030
Changes in Working Capital -30-21-35-74
Tax Paid -2-3-6-3
Cash Flow From Investing Activity -4-1-10-24
Capex -4-1-8-16
Net Investments 00-2-2
Others 000-6
Cash Flow From Financing Activity 27-6-1259
Net Proceeds from Shares 00015
Net Proceeds from Borrowing 32-1-937
Interest Paid -4-4-3-10
Dividend Paid 0000
Others -1-1-117
Net Cash Flow 3-3-219
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/A148.8
ROCE (%)N/AN/AN/A37.32
Asset Turnover Ratio1.735.285.243.43
PAT to CFO Conversion(x)-50.160.48-0.7
Working Capital Days
Receivable Days85293248
Inventory Days0000
Payable Days2,0264,2333,0632,077

Zaggle Prepaid Ocean Services Ltd Stock News

Zaggle Prepaid Ocean Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Zaggle Prepaid Ocean on 12-Jul-2024 16:01 is ₹301.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of Zaggle Prepaid Ocean stood at ₹3,692.9.
The latest P/E ratio of Zaggle Prepaid Ocean as of 12-Jul-2024 16:01 is 83.89.
The latest P/B ratio of Zaggle Prepaid Ocean as of 12-Jul-2024 16:01 is 6.42.
The 52-week high of Zaggle Prepaid Ocean is ₹391.6 and the 52-week low is ₹155.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zaggle Prepaid Ocean is ₹775.6 ( Cr.) .

About Zaggle Prepaid Ocean Services Ltd

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

  • 2019: Certificate of compliance with ‘ISO/IEC 27001:2013’ issued by Certiva Limited.
  • 2019: Awarded the “Best Prepaid Card of the year” at Payments and Cards Awards at the 7th Payment and Cards Summit by Kamikaze.
  • 2019: Awarded the “Best Prepaid Card Solution” at India Digital Awards by Internet and Mobile Association of India.
  • 2021: Awarded the “Best Digital Card” at the BW Businessworld Festival of Fintech Conclave Awards.
  • 2021: Awarded the “Best Employee Engagement Program (Multi Industry)” at the Human Excellence Awards 2021.
  • 2021: Recognised for “Epitomizing Excellence in the BFSI Industry 2021” at the 50 most trusted BFSI brands awards by Marksmen Daily.
  • 2021:  Awarded the “Best Employee Engagement Award in B2B Sector” at the 29th Edition of the World HRD Congress and Awards by Times Ascent.
  • 2022: Recognised as the “Most Preferred Workplace 2022” by Marksmen Daily.
  • 2022: Recognized by the Telangana Government for building a robust and sustainable SaaS and fintech business.
  • 2022: Awarded the “Certificate of Appreciation” at the India Startup Festival 2022 by Sri Sathya Sai Grama Muddenahalli, Bengaluru.
  • 2023: Awarded “Best B2B Payment Solution Provider” at the 10th Payments Industry Awards
  • 2023: Awarded “Winner” in the “Best Payments Solutions of the Year” category at the BW Businessworld Festival of Fintech Conclave Awards.

Major Events

  • 2015: Launched Zaggle app and started focusing on customer loyalty programs.
  • 2019: Launched a prepaid card powered by IndusInd Bank Limited.
  • 2019: Launched a channel incentive and engagement platform, namely, “PROPEL”.
  • 2019: Launched an expense management card platform, namely, “Save”.
  • 2020: Partnered with Yes Bank Limited for issuance of cobranded prepaid cards.
  • 2021: Partnered with Razorpay, Tata Securities and Fibe, formerly EarlySalary for offering VAS products including for insurance, investing and tax planning, to enhance User experience and maintain Customer/ User retention.
  • 2021: Partnered with NSDL Payments Bank Limited for issuance of cobranded prepaid cards.
  • 2022: Launched an integrated data-driven business spend management platform with embedded finance capabilities, namely, “Zoyer”.
  • 2022: Launched a wearable contactless payment device, in partnership with one of its Preferred Banking Partners, namely, “Zakey”.
  • 2023: Partnered with Yes Bank Limited for issuance of cobranded corporate credit cards, integrated with “ZatiX”, an analytics platform.


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