The shares of this company held by Ace Investor Ashish Kacholia surged by 7 percent on Thursday’s trading session to touch the day high of Rs 350.60 per share after it announced that it had entered into an agreement with Grant Thornton Bharat LLP. In this article, we will discuss more about this agreement.
With a market capitalization of Rs 4,754 crores, the shares of Zaggle Prepaid Ocean Services are currently trading at Rs 354 per share, down by 40.7 percent from its 52-week high of Rs 591.90 per share. In the last year, the stock has delivered an impressive return of 19.39 percent. As of March 2025, Ashish Kacholia has a holding of 2.24% stake in the company.
About the announcement
Zaggle Prepaid Ocean Services announced that it has entered into an agreement with Grant Thornton Bharat LLP, which is formerly known as Grant Thornton India LLP. As per the terms and conditions of the agreement, Grant Thornton will offer the Zaggle Spend Management platform to its corporate clients and large enterprises. This partnership is scheduled to be executed within three years.
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Financial Highlights
The company reported a revenue growth of 68.5 percent to Rs 337 crores in Q3 FY25 from Rs 200 crores in Q3 FY24. It reported a net profit growth of 33 percent to Rs 20 crores in Q3 FY25 from Rs 15 crores in Q3 FY24. The company has an ROE and ROCE of 14.1 percent and 17.2 percent, respectively, and is currently trading at a P/E of 61.88x against its industry average of 29.49x.
About the company
Zaggle Prepaid Ocean Services Limited is a fintech company that offers digital solutions for corporate spend management. Its offerings are Propel for rewards, Save for reimbursement, Zoyer for automation of spends, CEMS for customer loyalty, and Zaggle Payroll Card for hassle-free payment of salaries. These services help corporates, SMEs, and startups make their financial operations easy.
Written by Satyajeet Mukherjee
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