ZAGGLE

Track this name

Zaggle Prepaid Ocean Services Limited

Information TechnologyIT Enabled ServicesSmall capSlim edge

Track this name

The storyRetail credit card

Cross-selling and a widening client base are the quiet multipliers, but a soft print just cooled the momentum; the market still hasn't priced in the upside.

Overall read

6.6/10

Outlook-led

The three reads · this quarter

The standing reads · change less often

Moat

Slim edge

First-mover scale with network effects, but weak ROCE and limited pricing power narrow the moat.

Key variables

3 tracked

lead: Corporate Ecosystem Scale

Continues steady growth, reflecting sustained client acquisition and platform stickiness.

Walk the talk

Weak

as of Q1 FY27

ZAGGLE

Track this name

Zaggle Prepaid Ocean Services Limited

Information TechnologyIT Enabled ServicesSmall cap

Track this name

The storyRetail credit card

Cross-selling and a widening client base are the quiet multipliers, but a soft print just cooled the momentum; the market still hasn't priced in the upside.

Overall read

6.6/10

Outlook-led

The three reads · this quarter

ZAGGLE

Track this name

Zaggle Prepaid Ocean Services Limited

Information TechnologyIT Enabled ServicesSmall capSlim edge

Track this name

The storyRetail credit card

Cross-selling and a widening client base are the quiet multipliers, but a soft print just cooled the momentum; the market still hasn't priced in the upside.

Overall read

6.6/10

Outlook-led

Where it sits

#55/146TOP 38%

Where it sits

The three reads · this quarter

Moat

Slim edge

First-mover scale with network effects, but weak ROCE and limited pricing power narrow the moat.

Key variables

3 tracked

lead: Corporate Ecosystem Scale

Continues steady growth, reflecting sustained client acquisition and platform stickiness.

Walk the talk

Weak

as of Q1 FY27

Growth readSolidbase 25-30% · Rank 48/100

DICE acquisition integration is key near-term catalyst, adding high-margin SaaS revenue and cross-sell opportunities.

bear <25%base 25-30%bull >40%

7.9CHEAP

Valuation readUndervaluedpriced 2 days ago

Cheap on its own multiples, and the price assumes less growth than even our downside case.

P/E vs own history · cheapEV/EBITDA vs own history · cheap