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  2. SECTOR : SOFTWARE & SERVICES
  3. INDUSTRY : IT SOFTWARE PRODUCTS
  4. ZAGGLE PREPAID OCEAN SERVICES LTD.
Zaggle Prepaid Ocean Services Ltd.
NSE: ZAGGLE | BSE: 543985

Zaggle Prepaid Ocean Live Share Price Today, Share Analysis and Chart

aboutZaggle Prepaid Ocean Services Ltd. is an India-based B2B2C fintech company specializing in business spend management. The company operates a combined SaaS and fintech platform that provides solutions for expense management, employee benefits, and rew... Read More
Client AdditionsRevenue Trajectory
Ask AI about Zaggle Prepaid Ocean
173.320.29(0.17%)
927.1K
NSE+BSE Volume

NSE 13 Nov, 2026 3:31 PM (IST)

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My Notes

Zaggle Prepaid Ocean Stock Price Analysis

Day Price Range

0.2% 1 Day return
173.3 (LTP)
169.5175
LowHigh

Week Price Range

4.9% 1 Week return
173.3 (LTP)
165175
LowHigh

Month Price Range

3.3% 1 Month return
173.3 (LTP)
146.6175
LowHigh

52 Week Price Range

-54.9% 1 Year return
173.3 (LTP)
146.6405.4
LowHigh

Zaggle Prepaid Ocean Forecaster - Analyst Share Price Target and Estimates

Revenue forecast

EPS forecast

CURRENT EPS
10.3
AVG. ESTIMATE
10.2
LOW ESTIMATE
10.2
HIGH ESTIMATE
10.2
CURRENT EPS
AVG. ESTIMATE

Consensus Recommendation

2 ANALYST Recommendations
STRONG BUY
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Zaggle Prepaid Ocean Technical Analysis

Zaggle Prepaid Ocean EMA & SMA

Bullish+4
6 bullish, 2 bearish
Bullish6
Bearish2
5 Day170.8
10 Day168.0
12 Day167.3
20 Day166.5
26 Day167.1
50 Day172.2
100 Day186.5
200 Day218.8

Zaggle Prepaid Ocean Delivery And Volume

Daily Avg. Delivery Volume %
13 Nov, 202644.3%
Week45.6%
Month29.3%

Zaggle Prepaid Ocean Active Candlesticks

Long Legged Doji Uptrend
Legend
Positive IndicatorNeutral IndicatorNegative Indicator

Zaggle Prepaid Ocean Resistance and Support

172.61
Pivot
First Resistance175.7
Second Resistance178.1
Third Resistance181.2
First Support170.2
Second Support167.1
Third Support164.7
Day RSI57
Day MACD0.2
Day MFI76.4
Day MACD Signal Line-2

Zaggle Prepaid Ocean Beta

1 Month0.5
1 Year1.4
3 Month0.9
3 Year1.4

Zaggle Prepaid Ocean Price Change Analysis

↑3.3%
Over 1 Month
LowHigh
146.7175
↓-13.8%
Over 3 Months
LowHigh
146.7204.0
↓-38.9%
Over 6 Months
LowHigh
146.7268.3
↓-54.9%
Over 1 Year
LowHigh
146.7405.4

Zaggle Prepaid Ocean Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026
 
NameCategorySharesShares %
Raj P NarayanamPromoter46,155,32334.3 %
Zuzu Software Services LlpPublic5,226,3133.9 %
Bank Of India Conservative Hybrid FundDii2,922,5912.2 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

Zaggle Prepaid Ocean Deals - Insider, Bulk, Block and SAST

Client NameDeal TypeActionDateAvg. PriceQuantityExchange
QE SECURITIES LLPBulkSell21 Aug 2026200.09743,310NSE
QE SECURITIES LLPBulkPurchase21 Aug 2026200.12779,444NSE
HRTI PRIVATE LIMITEDBulkSell20 Aug 2026193.541,263,871NSE
JUNOMONETA FINSOL PRIVATE LIMITEDBulkSell20 Aug 2026193.59979,048NSE
MICROCURVES TRADING PRIVATE LIMITEDBulkSell20 Aug 2026194.331,035,199NSE
QE SECURITIES LLPBulkSell20 Aug 2026193.201,746,704NSE
HRTI PRIVATE LIMITEDBulkPurchase20 Aug 2026193.971,292,148NSE
JUNOMONETA FINSOL PRIVATE LIMITEDBulkPurchase20 Aug 2026193.55977,511NSE
MICROCURVES TRADING PRIVATE LIMITEDBulkPurchase20 Aug 2026194.231,035,199NSE
QE SECURITIES LLPBulkPurchase20 Aug 2026194.051,742,168NSE

Zaggle Prepaid Ocean Corporate Actions

Zaggle Prepaid Ocean Board Meetings

Zaggle Prepaid Ocean past and upcoming board meetings.

#Ex-Date
PurposeNotes
113 Nov 2026
Quarterly Results & ESOP-
214 Aug 2026
Quarterly Results-
313 May 2026
Audited Results & ESOP-
412 Feb 2026
Quarterly Results-
511 Nov 2025
Quarterly Results-

Zaggle Prepaid Ocean Research Reports

Zaggle Prepaid Ocean research reports with share price targets, and buy/hold/sell recommendations from top brokers.

#
Date
Broker NameTargetPrice When RecommendedTypeUpsideChange Since RecommendationLinks
114 Sep 2023SBI Securities--IPO Subscribe--%pdf
213 Sep 2023HDFC Securities--IPO Note--%pdf
312 Sep 2023Ventura--IPO Note--%pdf

Zaggle Prepaid Ocean Corporate Filings

Zaggle Prepaid Ocean BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.

DateAnnouncement TitleDetailsLinks
14 Nov 2026
Zaggle Prepaid Ocean Services Ltd - 543985 - Correction Of Nomenclature Of A Line Item Of Consolidated Financial Results Of Zaggle Prepaid Ocean Services Limited For The Quarter And Half Year Ended September 30, 2026
Correction of Nomenclature of a line item of Consolidated Financial Results of Zaggle Prepaid Ocean Services Limited for the quarter and half year ended September 30, 2026
PDF
13 Nov 2026
Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Recording of Earning Calls for Q2 FY 2026-27
PDF
13 Nov 2026
Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Monitoring Agency Report for the quarter ended September 30, 2026
PDF
13 Nov 2026
Q2FY27 Quarterly Result Announced for Zaggle Prepaid Ocean Services Ltd.
IT Software Products company Zaggle Prepaid Ocean Services announced Q2FY27 results Consolidated Financial Highlights: Total Income: Consolidated Total Income stood at Rs 5,861.80 million in Q2FY27 compared to Rs 4,298.59 million in Q1FY27 (+36.37% QoQ) and Rs 4,414.49 million in Q2FY26 (+32.79% YoY). For H1FY27, Total Income was Rs 10,160.39 million compared to Rs 7,851.20 million in H1FY26 (+29.41% YoY). Revenue from Operations: Consolidated Revenue from Operations stood at Rs 5,798.55 million in Q2FY27 compared to Rs 4,232.65 million in Q1FY27 (+37.00% QoQ) and Rs 4,322.16 million in Q2FY26 (+34.16% YoY). For H1FY27, Revenue from Operations was Rs 10,031.20 million compared to Rs 7,641.81 million in H1FY26 (+31.27% YoY). Profit Before Tax (PBT): Consolidated PBT stood at Rs 317.83 million in Q2FY27 compared to Rs 254.80 million in Q1FY27 (+24.74% QoQ) and Rs 462.07 million in Q2FY26 (-31.22% YoY). For H1FY27, PBT was Rs 572.63 million compared to Rs 809.53 million in H1FY26 (-29.26% YoY). Profit After Tax (PAT): Consolidated PAT stood at Rs 244.67 million in Q2FY27 compared to Rs 175.26 million in Q1FY27 (+39.60% QoQ) and Rs 349.84 million in Q2FY26 (-30.06% YoY). For H1FY27, PAT was Rs 419.93 million compared to Rs 610.89 million in H1FY26 (-31.26% YoY). Earnings Per Share (EPS): Consolidated Basic and Diluted EPS stood at Rs 1.82 in Q2FY27 compared to Rs 1.30 in Q1FY27 (+40.00% QoQ) and Basic EPS of Rs 2.61 (-30.27% YoY) and Diluted EPS of Rs 2.60 (-30.00% YoY) in Q2FY26. For H1FY27, Basic and Diluted EPS was Rs 3.12 compared to Basic EPS of Rs 4.55 (-31.43% YoY) and Diluted EPS of Rs 4.54 (-31.28% YoY) in H1FY26. Standalone Financial Highlights: Total Income: Standalone Total Income stood at Rs 5,446.87 million in Q2FY27 compared to Rs 3,969.00 million in Q1FY27 (+37.24% QoQ) and Rs 4,402.85 million in Q2FY26 (+23.71% YoY). For H1FY27, Total Income was Rs 9,415.87 million compared to Rs 7,834.80 million in H1FY26 (+20.18% YoY). Revenue from Operations: Standalone Revenue from Operations stood at Rs 5,382.22 million in Q2FY27 compared to Rs 3,901.74 million in Q1FY27 (+37.94% QoQ) and Rs 4,309.84 million in Q2FY26 (+24.88% YoY). For H1FY27, Revenue from Operations was Rs 9,283.96 million compared to Rs 7,624.73 million in H1FY26 (+21.76% YoY). Profit Before Tax (PBT): Standalone PBT stood at Rs 324.10 million in Q2FY27 compared to Rs 234.28 million in Q1FY27 (+38.34% QoQ) and Rs 444.63 million in Q2FY26 (-27.11% YoY). For H1FY27, PBT was Rs 558.38 million compared to Rs 790.18 million in H1FY26 (-29.34% YoY). Profit After Tax (PAT): Standalone PAT stood at Rs 247.72 million in Q2FY27 compared to Rs 174.25 million in Q1FY27 (+42.16% QoQ) and Rs 332.42 million in Q2FY26 (-25.48% YoY). For H1FY27, PAT was Rs 421.97 million compared to Rs 591.17 million in H1FY26 (-28.62% YoY). Earnings Per Share (EPS): Standalone Basic and Diluted EPS stood at Rs 1.84 in Q2FY27 compared to Basic EPS of Rs 1.30 (+41.54% QoQ) and Diluted EPS of Rs 1.29 (+42.64% QoQ) in Q1FY27, and Basic EPS of Rs 2.48 (-25.81% YoY) and Diluted EPS of Rs 2.47 (-25.51% YoY) in Q2FY26. For H1FY27, Basic EPS was Rs 3.14 compared to Rs 4.39 in H1FY26 (-28.47% YoY), and Diluted EPS was Rs 3.13 compared to Rs 4.39 in H1FY26 (-28.70% YoY). Business & Segment-Wise Highlights: Propel Platform Revenue / Gift Cards: Consolidated revenue from Propel platform / Gift cards stood at Rs 3,685.60 million in Q2FY27 compared to Rs 2,506.99 million in Q1FY27 (+47.01% QoQ) and Rs 2,465.50 million in Q2FY26 (+49.49% YoY). For H1FY27, segment revenue was Rs 6,192.59 million compared to Rs 4,224.54 million in H1FY26 (+46.59% YoY). Program Fee: Consolidated revenue from Program fee stood at Rs 1,953.85 million in Q2FY27 compared to Rs 1,600.17 million in Q1FY27 (+22.10% QoQ) and Rs 1,738.95 million in Q2FY26 (+12.36% YoY). For H1FY27, segment revenue was Rs 3,554.02 million compared to Rs 3,193.73 million in H1FY26 (+11.28% YoY). Platform Fee / SaaS Fee / Service Fee: Consolidated revenue from Platform fee / SaaS fee / Service fee stood at Rs 159.10 million in Q2FY27 compared to Rs 125.49 million in Q1FY27 (+26.78% QoQ) and Rs 117.71 million in Q2FY26 (+35.16% YoY). For H1FY27, segment revenue was Rs 284.59 million compared to Rs 223.54 million in H1FY26 (+27.31% YoY). Geographical Revenue Mix: Consolidated revenue within India stood at Rs 5,784.26 million in Q2FY27 (+36.66% QoQ, +33.83% YoY) and Rs 10,016.91 million in H1FY27 (+31.08% YoY), while revenue outside India stood at Rs 14.29 million in both Q2FY27 and H1FY27. Raj P Narayanam, Founder & Executive Chairman, Zaggle Prepaid Ocean Services, said: “I am pleased to report that our continued efforts towards improving operating cash flows have enabled us to turn OCF positive during Q2FY27 at both standalone and consolidated levels. We believe this marks an important step towards building a more sustainable and scalable operating model. On the business front, we witnessed strong traction in our loyalty and rewards segment, supported by increased festive-season activity. This contributed to revenue growth across both Zaggle and Greenedge. Additionally, our Dice acquisition began contributing SaaS revenues during the quarter, further strengthening our technology-led revenue streams. We have also made meaningful progress in integrating Dice, with approximately 70% of customer contracts novated and the balance expected to be completed in Q3. The acquisition has expanded our enterprise network, bringing marquee relationships such as Hindalco, Trident, Bajel, Aakash Educational Services and IDFC First Bank into our fold. Building on our expanding network, we continue to focus on driving greater adoption of our co-brandedcredit cards and UPI offerings, leveraging our existing salaried user base while maintaining disciplined customer acquisition costs. On the international front, we have taken an important step towards expanding our presence through the establishment of Zaggle Holdings Limited in Abu Dhabi Global Market (ADGM). This provides us with a platform to expand our presence in the region and create opportunities for growth over the medium to long term. Looking ahead, our focus remains on strengthening the core business, improving cash flow generation, integrating our acquisitions and scaling AI across our platforms. Our expanding enterprise relationships, diversified product portfolio and international presence provide a strong foundation for sustainable and profitable growth.” Result PDF
PDF
13 Nov 2026
Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of Equity Shares under Zaggle Employee Stock Option Scheme 2022
PDF

Zaggle Prepaid Ocean Documents

Zaggle Prepaid Ocean Earnings Call

Zaggle Prepaid Ocean earnings calls, including management commentary and AI-generated summaries.

DateTitleLinks
13 Nov 2026Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 Aug 2026Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Aug 2026Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20 May 2026Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 May 2026Zaggle Prepaid Ocean Services Results Earnings Call for Q4FY26 & Full Year

Zaggle Prepaid Ocean Annual Reports

Zaggle Prepaid Ocean financials, including annual results, balance sheets, and cash flow statements.

DateReport TitleLinks
2026Annual Report Mar-2026
2025Annual Report Mar-2025
2024Annual Report Mar-2024

Zaggle Prepaid Ocean Credit Ratings

Zaggle Prepaid Ocean credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

DateRating AgencyCompany NameDescriptionLinks
03 Mar 2026care ratingsZaggle Prepaid Ocean Services Limited
15 Jul 2025care ratingsZaggle Prepaid Ocean Services Limited

Zaggle Prepaid Ocean Investor Presentations

Zaggle Prepaid Ocean investor presentations, including business updates, financial insights, and strategic initiatives.

DateReport TitleLinks
13 Nov 2026Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Investor Presentation
14 Aug 2026Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Investor Presentation
13 May 2026Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Investor Presentation
12 Feb 2026Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Investor Presentation
11 Nov 2025Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Investor Presentation

Zaggle Prepaid Ocean - Company Profile

Zaggle Prepaid Ocean Management Structure

Zaggle Prepaid Ocean management structure with salaries, total experience, and qualifications.

NAMEDESIGNATIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
HARI PRIYACompany Secretary,Compliance Officer54.7Mar 26
Mr. Saurabh PurlChief Business Officer-Mar 26
Ms. Latha IyerChief Human Resources Officer-Mar 26
Mr. Rajesh TummalagantiDeputy Chief Financial Officer-Mar 26
Mr. Venkatesh RamachandranGroup Chief Financial Officer-Mar 26
Avinash Ramesh GodkhindiExecutive Director,Managing Director,Chief Executive Officer-Mar 26

Zaggle Prepaid Ocean Board of Directors

Zaggle Prepaid Ocean Board of directors with salaries, total experience, and qualifications.

NAMEPOSITIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Raj P NarayanamChairman & Exec. Director102Mar 25
Avinash Ramesh GodkhindiManaging Director & CEO77.5Mar 25
HARI PRIYACompany Sec. & Compli. Officer50.3Mar 25
Virat DiwanjiNon-Exec & Non-Independent Dir43Mar 25
A Krishna KumarIndependent Non Exe. Director14.3Mar 25
Arun Vijaykumar GuptaIndependent Non Exe. Director9.6Mar 25
Prerna TandonIndependent Non Exe. Director8.1Mar 25
Abhay Deshpande RaosahebIndependent Non Exe. Director-Mar 25

About the company - Business Profile

Zaggle Prepaid Ocean Services Ltd. is an India-based B2B2C fintech company specializing in business spend management. The company operates a combined SaaS and fintech platform that provides solutions for expense management, employee benefits, and rewards and recognition. It holds a significant market position as a leading issuer of prepaid cards in India, with over 50 million cards issued since inception. Zaggle's ecosystem connects corporate customers, their employees, and channel partners with banking partners and merchants to streamline and digitize financial transactions.

Key Points

  • Key Facts: Founded in June 2011, Zaggle is headquartered in Hyderabad, Telangana. The company successfully listed its shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in 2023.
  • Operations and Resources: The company operates through 12 offices and employs over 400 personnel as of late 2025. It maintains a robust technology platform that is GDPR compliant and supports a multilingual interface.
  • Market and Significance: Zaggle serves over 3,455 active corporate clients and has an aggregate user base exceeding 3.7 million. It provides critical infrastructure for enterprise spend management, catering to diverse sectors including logistics, finance, and consumer goods.
  • Business Model: Zaggle operates a SaaS-plus-FinTech model. It earns revenue through three primary pillars:
    • Program Fees: Interchange fees earned on card spends by corporate employees and partners.
    • SaaS/Software Fees: Subscription fees for its expense management and employee benefit platforms.
    • Propel Platform Revenue: Revenue generated from gift cards and point redemption on its reward platform.
    • New Pillar (Zagg.Money): Following the acquisition of Rio Money, the company is building a fourth monetization pillar targeting its salaried user base for high-margin financial products.
  • Revenue Breakdown (FY 2024-25):
    • Total Revenue: ₹13,037.57 million (a 68% increase from ₹7,755.98 million in FY 2023-24).
    • Propel Platform/Gift Cards: ₹7,218.48 million (approx. 55% of revenue).
    • Program Fees: ₹5,456.41 million (approx. 42% of revenue).
    • SaaS/Service Fees: ₹362.68 million.
    • Geographical Focus: 100% of the revenue for FY 2024-25 was generated within India.
  • Key Products and Technology:
    • Zaggle Save: A platform for employee expense management and benefits.
    • Zaggle Propel: A rewards, recognition, and channel incentive platform.
    • Zaggle Zoyer: A business spend management and vendor payment automation platform.
    • Zaggle International Payments (ZIP): A solution for cross-border transactions and remittances.
    • Fleet Management: A closed-loop spend management system for managing fleet expenses.
  • Clients and Partnerships:
    • Banking Partners: Collaborates with HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, Kotak Mahindra Bank, IDFC First Bank, and NSDL Payments Bank.
    • Network Partners: Strategic alliances with Visa (7-year duration) and Mastercard (5-year duration).
    • Notable Clients: Tata Motors, Siemens, Tech Mahindra, Polycab India, Zomato Hyperpure, and Honda India.
  • Financial Performance (9M FY26):
    • Revenue from operations for the nine months ended December 31, 2025, reached ₹12,601.0 million, representing 41.4% year-on-year growth.
    • Profit After Tax (PAT) for 9M FY26 stood at ₹950.9 million, a 71.3% increase year-on-year.
  • Strategic Initiatives: The company is pursuing both organic and inorganic growth, evidenced by the acquisition of Rio Money to expand into the salaried segment. Future outlook focuses on cross-selling financial services (lending, insurance, tax planning) to its established user base and exploring global market opportunities.

References

  1. Annual Report May 2024
  2. Annual Report May 2025
  3. Investor Presentation Feb 2026
  4. Investor Presentation Nov 2025
  5. Quarterly Results Feb 2026
  6. Quarterly Results Nov 2025

Zaggle Prepaid Ocean FAQ

Zaggle Prepaid Ocean today is trading in the green, up by 0.17% at ₹173.32.
Zaggle Prepaid Ocean is currently trading up 0.17% on an intraday basis. In the past week the stock rose 4.89%. Stock has been down 13.79% in the past quarter and fell 54.93% in the past year. You can view this in the share price history/seasonality section.
Zaggle Prepaid Ocean is listed on NSE with the ticker ZAGGLE and on BSE as 543985. It's currently trading on NSE at a share price of ₹173.32 and on BSE with a share price of ₹174.7.
The market cap of Zaggle Prepaid Ocean is ₹2,330.43 Cr. as of Nov 13, 2026.
Zaggle Prepaid Ocean has never announced any dividend since the time of its listing on the BSE/NSE exchanges.
Zaggle Prepaid Ocean has never issued stock splits or bonus shares since the time of its listing on the BSE/NSE exchanges.
Zaggle Prepaid Ocean reported ₹586.18 Cr. in revenue, ₹24.47 Cr. in net profit, and ₹48.04 Cr. in EBITD as of Nov 13, 2026 for Q2 FY26-27.
According to the predictions of 2 analysts, the share price prediction for Zaggle Prepaid Ocean is ₹365 with an upside of 111%.
The PE ratio of Zaggle Prepaid Ocean is 19.58 as of Nov 13, 2026.
The PB ratio of Zaggle Prepaid Ocean is 1.64 as of Nov 13, 2026.
There are no analyst reports for Zaggle Prepaid Ocean.
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