Zaggle Prepaid Ocean Services share price today

Zaggle Prepaid Ocean Services Ltd's share price was ₹165.11 at the close on 4 November 2026. It has been falling for 59 weeks. That is 26.4% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 57 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Zaggle Prepaid Ocean Services Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹150 and ₹392, and at that close it sat 6% of the way up from that low.

Over the last 3.1 years the share price moved +4% while the NIFTY 500 moved +26%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 14 November 2025. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit fell in the June 2026 quarter, indian funds and insurers (DIIs) cut their stake for 7 quarters in a row and revenue up on a year earlier for 12 quarters in a row (every quarter we can compare).

1. Profit fell in the June 2026 quarter

   Profit was ₹18 crore, -30.8% on a year earlier (₹26 crore), after 10 quarters of growth.

   Why: Profit fell because costs rose from moving DICE, vendor and transaction charges, pay rises at the end of the year, and Zagg.money spending.

   Next results: check whether lower other costs in the September quarter make up for higher employee costs.

   From the earnings call on 14 Aug 2026.

2. Indian funds and insurers (DIIs) cut their stake for 7 quarters in a row

   From 14.6% to 2.7% of the company by the September 2026 quarter.

3. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹423 crore, +27.4% on a year earlier.

   Why: Revenue rose because the rewards business earned much more.

   Next results: check whether DICE billing and the bank card switch start adding revenue.

   From the earnings call on 14 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Zaggle Prepaid Ocean Services reported revenue of ₹423 crore, up 27.4% from ₹332 crore a year earlier, and a profit of ₹18.0 crore, down 30.8% from ₹26.0 crore.

Zaggle Prepaid Ocean Services results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Zaggle Prepaid Ocean Services' management discussed these results on a call held on 14 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Zaggle Prepaid Ocean Services closed at ₹165.11 on 4 November 2026, down 54.6% from ₹364.00 a year earlier (7 November 2025) and down 26.3% over three years. Its highest weekly close since September 2023 was ₹562.15 on 3 January 2025.

Zaggle Prepaid Ocean Services share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

170 weekly closes from 22 September 2023 to 4 November 2026.

4 Nov 2026: Zaggle Prepaid Ocean Services closed at ₹165.11, up 7.1% on the week and down 3.9% on the month. 14 Aug 2026: Zaggle Prepaid Ocean Services held its results call for April to June 2026. Management guided: FY27 consolidated revenue growth around 40% retained.

Earlier

• Results for April to June 2026: Revenue up 27.4% and profit down 30.8% on a year earlier.

Zaggle Prepaid Ocean Services has paid no dividend on the NSE since its first NSE close in our records (22 September 2023), the start of the period we checked.

No. Zaggle Prepaid Ocean Services Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 14 August 2026, Zaggle Prepaid Ocean Services' management guided: FY27 consolidated revenue growth around 40% retained.

“We are moving from a merely profitable growth paradigm that has served us very well over the past decade to a more focused approach on improving cash flows and calibrating capitalization, which will position us well for the next phase of growth with higher margins.”Dr. Raj Narayanam, on the call for April to June 2026

What management guided

• FY27 standalone revenue growth about 25% retained.
• Operating cash flow correction from negative to positive expected over 16-18 months.
• DICE FY27 revenue in the ₹15-16 crore range, with gross margins above 90%; billing starts Q2 and full pickup Q3.
• DICE 85+ client novations planned by end-Q2 and payment-rail integration by August 31, latest September 10; Q2 employee costs rise while other expenses taper.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 14 August 2026.

When Zaggle Prepaid Ocean Services reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Revenue acceleration against retained standalone and consolidated frameworks; check whether DICE billing and bank recarding convert into growth.

Zaggle Prepaid Ocean Services is on 3 of our India lists: Undervalued stocks, 52 week high & low and IT stocks.

Zaggle Prepaid Ocean Services Ltd earned ₹18.0 Cr of net profit in the Jun 2026 quarter, −30.8% on the same quarter a year earlier. Full-year FY26 profit was ₹139 Cr. Over 6 years profit has grown 80.6% a year on average. That is 4.3% of the quarter's revenue. The same quarter a year earlier earned ₹26.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹139 Cr (+58.0% on the year before).

Why profit moved: revenue changed +27.4% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +40.4% and revenue +44.0%. Profit is growing slower than sales: rising costs are taking part of the growth.

Zaggle Prepaid Ocean Services Ltd reported ₹423 Cr of revenue in the Jun 2026 quarter, +27.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 6 years it has grown 74.3% a year on average. The last full year, FY26, came in at ₹1,908 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,999 Cr.

FY26 revenue was ₹1,908 Cr, +46.3% on the year before.

Recent pace: the last four quarters grew +44.0% on average, against 74.3% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +44.4%, against +48.3% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +35.1%, against +49.0% a year (rolling over).

Zaggle Prepaid Ocean Services Ltd's operating margin was 7.0% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 9.0% and 16.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.9 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years Zaggle Prepaid Ocean Services Ltd's operations used more cash than they brought in, so cash conversion was −42%, a gap worth watching. In FY26 its operations used ₹51.0 Cr of cash, against ₹139 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹133 Cr of spending on assets, free cash was −₹184 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −42% of profit came in as cash: the cash cycle got 35 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 35 days longer. The next section looks at where the cash is stuck.

Zaggle Prepaid Ocean Services Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 69 days in FY26, up from 34 days in FY21. It spent ₹306 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,908 Cr, each day of that cycle ties up about ₹5.2 Cr, so roughly ₹361 Cr is tied up in the business at any time.

Spending on assets: ₹306 Cr over the last 3 years, against ₹60.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹67.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Zaggle Prepaid Ocean Services Ltd's P/E is 17.1×, about the lowest it has ever been. Its usual P/E (the middle reading) is 61.4×, over 3.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +56.8% while the price moved −54.6%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved −9.7% a year; about +72.7% a year came from earnings growth and about −82.4 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Zaggle Prepaid Ocean Services Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +210.5% at its peak to +35.1%, but the business is still expanding, with ROCE steady at 13.5%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Zaggle Prepaid Ocean Services Ltd earned a ROCE of 14% in FY26. That is up from a low of 13% in FY25. Its return on capital used (ROIC) is 30.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.3% net margin and 1.23× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 7.3% net margin × 1.23× asset turnover × 1.11× leverage (assets divided by equity) ≈ 10.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 42.9% − 12.0% = +30.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 42.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 37.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Zaggle Prepaid Ocean Services Ltd has total debt of ₹55.0 Cr against shareholder equity of ₹1,407 Cr as of Jun 2026, so its debt is 0.04× its equity, which is very little. Year by year, that ratio went from 2.88 in FY23 to 0.04 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions cut their stake in Zaggle Prepaid Ocean Services Ltd by 8.0 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 2.7% of the company. Foreign institutions moved −3.6 points over the same period, to 2.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: −8.0 points over 8 quarters, to 2.7%; Foreign institutions: −3.6 points over 8 quarters, to 2.5%; Promoters: +0.4 points over 8 quarters, to 44.3%.

Why the owners changed: domestic institutions drove it (−8.0 points), together with foreign institutions (−3.6 points). They reduced their stake.

For Zaggle Prepaid Ocean Services Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

52.1 out of 100, rank 2 of 9 in IT Product Companies, with 96% of the evidence available.

Zaggle Prepaid Ocean Services Ltd scores 52.1 out of 100 against the 9 companies it is compared with in IT Product Companies, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 22.4 + 6.9 + 19.3 + 3.5 = 52.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Zaggle Prepaid Ocean Services ranks 2 of 9 IT Product Companies companies on the 4-Factor Sector Score, with 52.1 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: IT Product Companies, all 9 compared on one page.

Zaggle Prepaid Ocean Services is the 6th largest of 9 IT Product Companies companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Intellect Design Arena, Newgen Software Technologies and Network People Services Technologies. Just below it: Ramco Systems, Nucleus Software Exports and Accelya Solutions India.

IT Product Companies companies close in size

3. Intellect Design Arena Ltd ₹7,091 crore
4. Newgen Software Technologies Ltd ₹6,305 crore
5. Network People Services Technologies Ltd ₹3,338 crore
6. Zaggle Prepaid Ocean Services Ltd ₹2,073 crore
7. Ramco Systems Ltd ₹1,905 crore
8. Nucleus Software Exports Ltd ₹1,718 crore
9. Accelya Solutions India Ltd ₹1,386 crore

All 9 IT Product Companies companies, largest first

Companies close in size in other industries

1218. Fusion Finance Ltd ₹2,093 crore · Finance & Investments - Microfinance
1219. Pennar Industries Ltd ₹2,090 crore · Pre-Engineering Buildings
1220. Zaggle Prepaid Ocean Services Ltd ₹2,073 crore
1221. Bodal Chemicals Ltd ₹2,072 crore · Dyes & Pigments
1222. Mobavenue AI Tech Ltd ₹2,067 crore · Advertisement

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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