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Zaggle Prepaid Ocean Services Ltd share Price Today

Company details

289.05
311.90
155.30
389.45
6M Return 29.75%
1Y Return 95.96%
Mkt Cap.(Cr) 3,800.62
Volume 4,606,035
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 4,606,035

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IT Software Products company Zaggle Prepaid Ocean Services announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Highest-ever quarterly revenue, marking the highest quarterly revenue from SaaS, Program Fees and Propel Revenue
  • Highest ever quarterly EBITDA and PAT
  • The increase in Incentive and cash back is attributed to the increase in revenue and market push for Zoyer
  • The revenue contribution from Zoyer has experienced significant growth
  • During the year the debt reduced from Rs 1,210 million to Rs 736 million. This led to a reduction in Finance costs on YoY basis. However, on a sequential basis the increase is due to fees paid on the prepayment of debt
  • The increase in other income stems from higher interest income on increased cash/ bank balances post IPO

FY24 Financial Highlights:

  • Highest ever annual performance in terms of revenue and profitability metrics
  • Customer base expansion with ~620 new corporates including marquee names such as Wipro, Bennett Coleman, Emcure Pharmaceuticals etc.
  • Onboarded high quality bank partners – SBI, ICICI Bank, Kotak Mahindra bank, Axis Bank, etc. This assists in enhancing the reach and maximise opportunities for growth.

Commenting on the performance Raj P Narayanam, Founder and Executive Chairman, Zaggle Prepaid Ocean Services Limited said, “In FY24 and Q4FY24 we set new record in terms of revenue from SaaS fees, Program Fees and Propel Points. This led to our highest ever performance across key profitability metrics during these periods.

In FY24, our revenue growth was 40.1% with an Adjusted EBITDA Margin (before ESOP expense) of 36.9%, successfully fulfilling our guidance.

During the quarter, we had a 46.0% YoY growth in revenues and a 12.7% YoY growth in Adjusted EBITDA (before ESOP expenses). Our track record of consistent financial performance over the years continues to be strong.

At Zaggle, we are pleased about our recent strategic alliance with Span Across IT Solutions as now we will be able to offer Taxation and Financial wellness solutions to our customers. Further, some of our recent noteworthy developments include onboarding Axis Bank to our bouquet of bank partners and our contract with EaseMyTrip & Riya Travels to offer bundled Expense and travel solutions to our customers.

We doubled our revenue over the last 3 years and are poised to double our revenue over the next 2 years through organic growth. Our expectation of revenue growth for this fiscal year is to the tune of 45%-55%. We are focused on garnering more market share and making significant investments in technology, specifically building deeper AI capabilities to cater to the massive demand for Spend management solutions.

We intend to pursue inorganic growth opportunities through mergers and acquisitions. Additionally, we plan to expand geographically into the US markets as part of our growth strategy.

The opportunity for Zaggle to shape the future of spend management in India is enormous. With a broad array of solutions, we are well-positioned to truly digitize Corporate India’s spends. We see abundant opportunities ahead and remain optimistic about the upcoming quarters.”

Result PDF

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Zaggle Prepaid Ocean Services Ltd shares SWOT Analysis

Strengths (8)

  • Strong Annual EPS Growth
  • Good quarterly growth in the recent results
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Low Piotroski Score : Companies with weak financials
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 318.5
R2 326.6
R3 341.3
Pivot

303.75

S1 295.6
S2 280.9
S3 272.8
EMA SMA
289.1
288.5
280.3
-
288.3
289.8
286.7
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MANSI SHARE AND STOCK ADVISORS PVT LTD Bulk Purchase 2024-06-12 280.91 651655 NSE
ICICI PRUDENTIAL MUTUAL FUND Bulk Purchase 2024-06-12 280 651206 NSE
VENTUREAST PROACTIVE FUND LLC Bulk Sell 2024-06-12 280.01 2227438 NSE
Name Category Shares
RAJ P NARAYANAM PROMOTER 37.68%
AVINASH RAMESH GODKHINDI PROMOTER 6.25%

FINANCIALS

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Operating Profit
Profit after Tax
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Reserves and Surplus
Debt
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Zaggle Prepaid Ocean Services Ltd Stocks COMPARISON

Financials( in Cr) Zaggle Prepaid Ocean Services Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 310.30 3,815.10 1,498.20 1,437.20 491.85
% Change 5.92 -0.44 0.62 0.43 3.01
Mcap Cr 3,800.62 1,380,336.75 621,882.89 390,007.93 256,998.41
Revenue TTM Cr 553.46 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 22.90 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 86.42 29.62 23.90 24.85 23.29
1 Year Return 95.96 18.84 15.78 26.34 29.38
ROCE 22.51 62.85 44.74 27.62 17.11
ROE 46.97 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 48.75 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Zaggle Prepaid Ocean Services Ltd Information

Stock PE (TTM)
86.42
Promoter Holding
43.93%
Book Value
46.9764
ROCE
22.51%
ROE
46.97%
Description
  • Zaggle Prepaid Ocean Services Ltd was incorporated as `Zaggle Prepaid Ocean Services Private Limited` at Hyderabad as a private limited company dated June 2, 2011. Subsequently, Company was converted into a public limited on August 22, 2022 and consequently the name was changed to `Zaggle Prepaid Ocean Services Limited` vide fresh certificate of incorporation dated September 13, 2022. The Company is a B2B2C Fintech SaaS Company, which is a leading player in spend management, with a differentiated value proposition and diversified user base. Incorporated in 2011, it interact with Customers (i.e., businesses) and end Users (i.e., employees) and are among a small number of uniquely positioned players with a diversified offering of financial technology products and services, having one of the largest number of issued prepaid cards in India in partnership with certain banking partners, a diversified portfolio of software as a service (Saa"), including tax and payroll software, and a wide touch point reach. The 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. The Company is sector-agnostic, and their network covers the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobile industries, among others, where it maintains relationships with TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt,MAZDA, PCBL (RP - Sanjiv Goenka Group), Hiranandani group, Cotiviti and Greenply Industries. In 2015, the Company launched Zaggle App. In 2019. it launched a prepaid card powered by IndusInd Bank Limited, a channel incentive and engagement platform, namely, "Propel" and an expense management card platform, namely, "Save". In 2022, it launched an integrated data-driven business, "Zoyer". It launched a wearable contactless payment device, "Zakey". The Company is planning to raise capital from Public by raising Rs. 490 crores through fresh issue and issuing 10,526,316 Equity Shares through Offer for sale.

Registered Address

301 III Floor CSR Estate Plot, No.8 Sector 1 HUDA Techno Enc., Hyderabad, Telangana, 500081

Tel : 91-40-23119049
Email : haripriya.singh:zaggle.in
Website : http://www.zaggle.in
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543985
NSE Code : ZAGGLE
Book Closure Date (Month) :
BSE Group : B
ISIN : INE07K301024

FAQ’s on Zaggle Prepaid Ocean Services Ltd Shares

You can buy Zaggle Prepaid Ocean Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Zaggle Prepaid Ocean Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 03:59 PM the closing price of Zaggle Prepaid Ocean Services Ltd was Rs.310.30.

The latest PE ratio of Zaggle Prepaid Ocean Services Ltd as of Jun 18, 2024 03:59 PM is 86.42

The latest PB ratio of Zaggle Prepaid Ocean Services Ltd as of Jun 18, 2024 03:59 PM is 0.15

The 52-week high of Zaggle Prepaid Ocean Services Ltd share price is Rs. 389.45 while the 52-week low is Rs. 155.30

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 Jun 18, 2024 03:59 PM, the market cap of Zaggle Prepaid Ocean Services Ltd stood at Rs. 3,800.62.

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