Zeal Global Services Ltd
- Market Cap ₹ 97.5 Cr.
- Current Price ₹ 73.2
- High / Low ₹ 166 / 55.9
- Stock P/E 9.76
- Book Value ₹ 62.2
- Dividend Yield 0.00 %
- ROCE 24.5 %
- ROE 20.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.18 times its book value
- Company has delivered good profit growth of 60.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.7%
- Debtor days have improved from 35.8 to 25.0 days.
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
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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 | TTM | |
|---|---|---|---|---|---|---|---|
| 76 | 61 | 121 | 112 | 193 | 368 | 369 | |
| 75 | 58 | 114 | 97 | 175 | 346 | 352 | |
| Operating Profit | 2 | 2 | 7 | 15 | 19 | 21 | 16 |
| OPM % | 2% | 4% | 6% | 13% | 10% | 6% | 4% |
| 0 | 0 | 0 | 0 | 2 | 4 | 4 | |
| Interest | 0 | 0 | 0 | 1 | 2 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 3 | 5 | 5 |
| Profit before tax | 2 | 2 | 7 | 13 | 16 | 19 | 14 |
| Tax % | 26% | 25% | 26% | 26% | 26% | 26% | |
| 1 | 2 | 5 | 10 | 12 | 14 | 10 | |
| EPS in Rs | 22.33 | 28.67 | 26.82 | 10.00 | 8.77 | 10.79 | 7.51 |
| Dividend Payout % | 49% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 45% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 60% |
| 3 Years: | 40% |
| TTM: | -38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -52% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.60 | 0.60 | 2 | 10 | 13 | 13 | 13 |
| Reserves | 4 | 5 | 9 | 11 | 51 | 65 | 69 |
| 3 | 2 | 2 | 17 | 10 | 14 | 25 | |
| 15 | 11 | 17 | 20 | 39 | 47 | 38 | |
| Total Liabilities | 22 | 19 | 30 | 58 | 113 | 139 | 146 |
| 0 | 1 | 0 | 9 | 18 | 19 | 22 | |
| CWIP | 0 | 0 | 0 | 0 | 9 | 5 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 4 | 8 |
| 22 | 18 | 29 | 48 | 85 | 111 | 115 | |
| Total Assets | 22 | 19 | 30 | 58 | 113 | 139 | 146 |
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 |
| Free Cash Flow | 9 | -6 | 7 | -19 | 3 | 11 |
| CFO/OP | 478% | -189% | 123% | -45% | 149% | 88% |
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 | -61 | -14 | -9 | -35 | -24 | -14 |
| ROCE % | 33% | 72% | 58% | 32% | 25% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Number of Airline Partners Number |
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| Cargo Tonnage Metric Tons |
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| Total Employees Number |
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| Global Reach (Countries Covered) Number |
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Extracted by Screener AI
Documents
Announcements
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General Updates
17 April 2026 - Zeal Global confirms corporate governance provisions are largely non-applicable on NSE SME, except Regulation 23.
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Structural Digital Database
17 April 2026 - Submitted SDD compliance certificate for year ended 31 March 2026, confirming 2 required events captured.
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Price movement
8 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
4 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
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Trading Window
25 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited results for half-year and year ended Mar 31, 2026.
Annual reports
Concalls
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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.