Zeal Global Services Ltd
- Market Cap ₹ 186 Cr.
- Current Price ₹ 140
- High / Low ₹ 245 / 119
- Stock P/E 13.0
- Book Value ₹ 58.9
- Dividend Yield 0.71 %
- ROCE 24.6 %
- ROE 20.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 60.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
- Debtor days have improved from 35.8 to 25.0 days.
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 76 | 61 | 121 | 112 | 193 | 368 | |
| 75 | 58 | 114 | 97 | 175 | 347 | |
| Operating Profit | 2 | 2 | 7 | 15 | 19 | 21 |
| OPM % | 2% | 4% | 6% | 13% | 10% | 6% |
| 0 | 0 | 0 | 0 | 2 | 4 | |
| Interest | 0 | 0 | 0 | 1 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 3 | 5 |
| Profit before tax | 2 | 2 | 7 | 13 | 16 | 19 |
| Tax % | 26% | 25% | 26% | 26% | 26% | 26% |
| 1 | 2 | 5 | 10 | 12 | 14 | |
| EPS in Rs | 22.33 | 28.67 | 26.82 | 10.00 | 8.77 | 10.79 |
| Dividend Payout % | 49% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 45% |
| TTM: | 90% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 40% |
| TTM: | 23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 28% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.60 | 0.60 | 2 | 10 | 13 | 13 |
| Reserves | 4 | 5 | 9 | 11 | 51 | 65 |
| 3 | 2 | 2 | 17 | 10 | 14 | |
| 15 | 11 | 17 | 20 | 39 | 47 | |
| Total Liabilities | 22 | 19 | 30 | 58 | 113 | 139 |
| 0 | 1 | 0 | 9 | 18 | 24 | |
| CWIP | 0 | 0 | 0 | 0 | 9 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 4 |
| 22 | 18 | 29 | 48 | 85 | 111 | |
| Total Assets | 22 | 19 | 30 | 58 | 113 | 139 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 9 | -5 | 7 | -9 | 23 | 14 | |
| -1 | 0 | -5 | -9 | -43 | -19 | |
| 1 | -1 | 0 | 14 | 23 | 3 | |
| Net Cash Flow | 9 | -6 | 2 | -4 | 3 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 17 | 56 | 39 | 51 | 31 | 25 |
| Inventory Days | 0 | 0 | ||||
| Days Payable | ||||||
| Cash Conversion Cycle | 17 | 56 | 39 | 51 | 31 | 25 |
| Working Capital Days | -52 | -6 | -4 | 21 | -6 | -0 |
| ROCE % | 33% | 72% | 58% | 32% | 25% |
Documents
Announcements
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Updates
9 June 2025 - Statutory auditor certifies IPO fund utilization of Rs 56.46 Cr as per disclosures, no deviations reported.
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Updates
5 June 2025 - Company Secretary cum Compliance Officer resigns effective 31 May 2025.
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Outcome of Board Meeting
30 May 2025 - Audited consolidated and standalone financial results for FY ended March 31, 2025 approved with unmodified audit opinion.
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Structural Digital Database
30 May 2025 - Compliance certificate for SEBI insider trading regulations FY 2024-25 confirming SDD maintenance.
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
23 May 2025 - ZEAL GLOBAL SERVICES LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
Annual reports
Concalls
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Nov 2024TranscriptNotesPPT
Business Overview:[1]
ZGSL is in the business of providing cargo General Sales and Service Agent (GSSA) services including sales, marketing, operations, and administration. Company has a network in 164 countries and a partnership with 14+ airlines. It has served 1100+ clients in 46+ segments.