Synopsis: Ashish Kacholia-backed Zaggle has signed a long-term agreement with APAC Financial Services to provide its employee expense management platform, strengthening its enterprise customer base through a recurring SaaS business model.
The shares of this small cap company majorly engaged in managing the business expenses of corporates, SMEs, & Startups through automated and innovative workflows were in focus after bagging a 5 year SaaS Deal with APAC financials.
With the market capitalization of Rs. 2755 Crores, the shares of Zaggle Prepaid Ocean Services Limited reached an intraday high of Rs. 207.3 per share rising nearly 5 percent from its previous day close of Rs. 198.60 per share and is trading at a P/E of 20.7 whereas industry P/E stands at 22.8
What is the NEWS:
Ashish Kacholia-backed Zaggle has entered into a five-year agreement with APAC Financial Services Private Limited to provide its Zoyer platform along with Zaggle Save, its employee expense management and benefits solution.
Through this partnership, APAC Financial will use Zaggle’s software to manage employee expenses and benefits more efficiently on a single platform. The agreement follows a Software-as-a-Service (SaaS) model, which means Zaggle will earn revenue based on the number of active users on the platform, while additional income will depend on how much employees spend using the services.
Since the earnings will vary with platform usage over the contract period, the company has not disclosed the total value of the deal. The agreement is with a domestic customer, does not involve any related-party transaction, and there is no promoter interest in the client company. The deal also adds another enterprise customer to Zaggle’s growing client base and supports its recurring revenue business.
About the Company and Financials:
Zaggle Prepaid Ocean Services Limited is an Indian fintech company that provides spend management, employee benefits, corporate payments, and business expense management solutions. Its cloud-based platforms help businesses automate employee reimbursements, rewards and recognition, fuel and travel expenses, and vendor payments.
The company follows a SaaS-based business model, earning recurring revenue from software subscriptions and transaction-based services while serving enterprises, SMEs, and startups across multiple industries.
Year on Year analysis: Revenue from operations has increased from Rs. 411 Crores in Q4 FY25 to Rs. 593 Crores in Q4 FY26, up 44 percent. Operating profit has increased from Rs. 37 Crores to Rs. 55 Crores, up 48 percent and net profit has increased from Rs. 32 Crores to Rs. 38 Crores, up 18 percent.
Quarter on Quarter analysis: Revenue from operations has increased from Rs. 498 Crores in Q3 FY26 to Rs. 593 Crores in Q4 FY26, up 19 percent. Operating profit has increased from Rs. 51 Crores to Rs. 55 Crores, up 8 percent and net profit has increased from Rs. 36 Crores to Rs. 38 Crores, up 5.6 percent.
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