Zaggle Prepaid Ocean Services Limited (ZAGGLE.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-193.3%

-₹146.55

vs ₹157.12 price

Levered DCF

-₹926.55

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	18.24×	50.65×	69.54×	63.85×	46.17×	75.05×	527.83×
P/B	1.79×	3.58×	5.32×	39.66×	-543.4×	-42.44×	-28.72×
P/S	1.32×	3.43×	3.95×	3.49×	5.21×	8.06×	0×
EV / EBITDA	8.92×	27.26×	38.5×	43.06×	35.36×	72.53×	173.65×
Gross margin	39.2%	42.7%	43.2%	34.2%	54.1%	81.8%	0.0%
Operating margin	7.8%	7.6%	8.1%	7.7%	15.7%	10.7%	0.0%
Net margin	7.2%	6.7%	5.7%	4.1%	11.3%	8.1%	0.0%
Current ratio	8.72×	20.06×	6.18×	1.49×	1.46×	0.55×	0×
Debt / equity	0.04×	0.02×	0.15×	2.9×	-19.76×	-1.6×	0×
Interest coverage	27.78×	12.96×	4.7×	4.29×	8.22×	3.32×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	9.8%	7.0%	7.7%	47.0%	-1178.2%	-42.4%	-5.5%
Return on invested capital	7.6%	5.8%	7.0%	16.1%	70.5%	91.1%	0.0%
Return on assets	8.9%	6.7%	6.3%	9.8%	45.2%	31.1%	0.0%
Free cash flow yield	-5.1%	-1.1%	-4.2%	-1.6%	0.6%	0.1%	-1.5%
Earnings yield	5.5%	2.0%	1.4%	1.2%	2.2%	1.0%	0.2%
Enterprise value	₹20.3B	₹38.4B	₹31.4B	₹20.6B	₹20B	₹20B	₹19.3B
Net debt / EBITDA	-2.16×	-4.5×	0.96×	2.55×	1.23×	2.54×	0×
Cash conversion cycle (days)	63	58	84	66	16	-186	0