Zeal Global Services Ltd
- Market Cap ₹ 91.8 Cr.
- Current Price ₹ 69.0
- High / Low ₹ 141 / 55.9
- Stock P/E 7.96
- Book Value ₹ 67.6
- Dividend Yield 0.00 %
- ROCE 17.4 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.02 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.49.1 Cr.
* 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
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 76 | 61 | 121 | 112 | 193 | 368 | 285 | |
| 75 | 58 | 114 | 97 | 175 | 346 | 266 | |
| Operating Profit | 2 | 2 | 7 | 15 | 19 | 21 | 19 |
| OPM % | 2% | 4% | 6% | 13% | 10% | 6% | 7% |
| 0 | 0 | 0 | 0 | 2 | 4 | 4 | |
| Interest | 0 | 0 | 0 | 1 | 2 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 3 | 5 | 6 |
| Profit before tax | 2 | 2 | 7 | 13 | 16 | 19 | 16 |
| Tax % | 26% | 25% | 26% | 26% | 26% | 26% | 26% |
| 1 | 2 | 5 | 10 | 12 | 14 | 12 | |
| EPS in Rs | 22.33 | 28.67 | 26.82 | 10.00 | 8.77 | 10.79 | 8.67 |
| Dividend Payout % | 49% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 36% |
| TTM: | -22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 6% |
| TTM: | -19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 19% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.60 | 0.60 | 2 | 10 | 13 | 13 | 13 |
| Reserves | 4 | 5 | 9 | 11 | 51 | 65 | 77 |
| 3 | 2 | 2 | 17 | 10 | 14 | 20 | |
| 15 | 11 | 17 | 20 | 39 | 47 | 32 | |
| Total Liabilities | 22 | 19 | 30 | 58 | 113 | 139 | 142 |
| 0 | 1 | 0 | 9 | 18 | 19 | 20 | |
| CWIP | 0 | 0 | 0 | 0 | 9 | 5 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 4 | 10 |
| 22 | 18 | 29 | 48 | 85 | 111 | 112 | |
| Total Assets | 22 | 19 | 30 | 58 | 113 | 139 | 142 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 9 | -5 | 7 | -9 | 23 | 14 | -10 | |
| -1 | 0 | -5 | -9 | -43 | -19 | 5 | |
| 1 | -1 | 0 | 14 | 23 | 3 | 4 | |
| Net Cash Flow | 9 | -6 | 2 | -4 | 3 | -1 | -2 |
| Free Cash Flow | 9 | -6 | 7 | -19 | 3 | 11 | -11 |
| CFO/OP | 478% | -189% | 123% | -45% | 149% | 88% | -28% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 17 | 56 | 39 | 51 | 31 | 25 | 37 |
| Inventory Days | 0 | 0 | |||||
| Days Payable | |||||||
| Cash Conversion Cycle | 17 | 56 | 39 | 51 | 31 | 25 | 37 |
| Working Capital Days | -61 | -14 | -9 | -35 | -24 | -14 | 4 |
| ROCE % | 33% | 72% | 58% | 32% | 25% | 17% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Number of Airline Partners Number |
|
||||||
| Cargo Tonnage Metric Tons |
|||||||
| Total Employees Number |
|||||||
| Global Reach (Countries Covered) Number |
|||||||
Extracted by Screener AI
Documents
Announcements
-
Utilisation of Funds
1 June 2026 - Submitted fund utilization certificate for issue proceeds for half year and year ended 31 March 2026.
-
Outcome of Board Meeting
30 May 2026 - Board approved FY26 audited results, recommended Rs1.50 dividend, and regularized Mrs. Deeksha Bajaj as independent director.
-
Dividend
30 May 2026 - Board approved FY26 audited results, proposed ₹1.50 final dividend, RPTs, and regularized Deeksha Bajaj as independent director.
-
General Updates
17 April 2026 - Zeal Global confirms corporate governance provisions are largely non-applicable on NSE SME, except Regulation 23.
-
Structural Digital Database
17 April 2026 - Submitted SDD compliance certificate for year ended 31 March 2026, confirming 2 required events captured.
Annual reports
Concalls
-
Nov 2024TranscriptAI SummaryPPT
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.