Zeal Global Services
ZEAL NSE
Zeal Global Services
ServicesNSE: ZEAL Transport Services
Key Fundamentals
SMELogistics Solution ProviderLogistics & CargoMarket Cap
₹107 Cr
Volatility
Moderate
P/E Ratio
9.6
EBITDA
₹18.42 Cr
Return on Equity
17.71%
Debt to Equity
0.22
Book Value
₹69.41
EPS
₹9.03
52W High
₹93.55
52W Low
₹61.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 1.10 times its book value
Weaknesses
1- Contingent liabilities of Rs.62.7 Cr.
Growth Rate
Revenue Growth
-23.29% lower than
3Y
Net Income Growth
-25.62% lower than
3Y
Cash Flow Change
-38.19% lower than
3Y
ROE
1.08% lower than
3Y
ROCE
-5.59% higher than
3Y
EBITDA Margin (Avg.)
-8.1% higher than
3Y
Quarterly Results
| Particulars | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 64 | 56 | 56 | 94 | 99 | 170 | 197 | 171 | 114 |
| Expenses | 61 | 50 | 48 | 87 | 88 | 158 | 189 | 164 | 103 |
| Operating Profit | 3 | 6 | 8 | 8 | 11 | 13 | 9 | 8 | 11 |
| OPM % | 5% | 11% | 15% | 8% | 11% | 7% | 4.5% | 4.4% | 10% |
| Other Income | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 |
| Interest | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 2 | 3 | 3 | 3 | 3 |
| PBT | 3 | 6 | 7 | 6 | 10 | 12 | 8 | 6 | 9 |
| Tax % | 27% | 25% | 27% | 26% | 26% | 26% | 27% | 26% | 27% |
| Net Profit | 3 | 4 | 6 | 5 | 7 | 9 | 5 | 5 | 7 |
| EPS in Rs | 15.46 | 22.21 | 5.64 | 3.44 | 5.6 | 6.9 | 4.05 | 3.47 | 4.91 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 76 | 61 | 121 | 112 | 193 | 368 | 286 |
| Expenses | 75 | 58 | 114 | 97 | 175 | 346 | 267 |
| Operating Profit | 2 | 2 | 7 | 15 | 19 | 21 | 18 |
| OPM % | 2.5% | 4% | 6% | 13% | 10% | 6% | 6% |
| Other Income | 0 | 0 | 0 | 0 | 2 | 4 | 4 |
| Interest | 0 | 0 | 0 | 1 | 2 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 3 | 5 | 6 |
| PBT | 2 | 2 | 7 | 13 | 16 | 19 | 15 |
| Tax % | 26% | 26% | 26% | 26% | 26% | 26% | 27% |
| Net Profit | 1 | 2 | 7 | 10 | 12 | 15 | 11 |
| EPS in Rs | 21 | 31.33 | 36.95 | 10.08 | 9.03 | 10.95 | 8.38 |
| Div. Payout % | 52% | 11% | 0% | 0% | 0% | 0% | 18% |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.6 | 0.6 | 2 | 10 | 13 | 13 | 13 |
| Reserves | 4 | 5 | 11 | 13 | 53 | 68 | 79 |
| Borrowings | 3 | 2 | 2 | 17 | 10 | 14 | 20 |
| Other Liabilities | 15 | 11 | 17 | 20 | 39 | 47 | 31 |
| Total Liabilities | 22 | 19 | 32 | 60 | 115 | 143 | 143 |
| Fixed Assets | 0 | 1 | 0 | 9 | 18 | 19 | 23 |
| CWIP | 0 | 0 | 0 | 0 | 9 | 7 | 0 |
| Investments | 0 | 0 | 2 | 2 | 3 | 3 | 3 |
| Other Assets | 22 | 18 | 29 | 48 | 85 | 113 | 117 |
| Total Assets | 22 | 19 | 32 | 60 | 115 | 143 | 143 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | 9 | -5 | 7 | -9 | 23 | 14 | -12 |
| Investing | -1 | 0 | -5 | -9 | -43 | -17 | 5 |
| Financing | 1 | -1 | 0 | 14 | 23 | 3 | 4 |
| Net Cash Flow | 9 | -6 | 2 | -3 | 3 | 1 | -4 |
| Free Cash Flow | 9 | -6 | 7 | -19 | 3 | 10 | -15 |
| CFO/OP | 566 | -187 | 123 | -45 | 149 | 91 | -41 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 17 | 56 | 39 | 51 | 31 | 25 | 37 |
| Cash Conversion Cycle | 17 | 56 | 39 | 51 | 31 | 25 | 37 |
| Working Capital Days | -64 | -14 | -9 | -35 | -24 | -15 | 5 |
| ROCE % | — | 34% | 65% | 53% | 30% | 24% | 17% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Zeal Global Services insights
28 extracted metrics + investor summaries across FY20–FY26.
Documents
1
Price movement
8 Sep - 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 … 8 Sep - 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 …
2
Shareholders meeting
31 Aug - 13th AGM on September 25, 2026; dividend Rs 1.5/share proposed, Mr. Vishal Sharma reappointment. 31 Aug - 13th AGM on September 25, 2026; dividend Rs 1.5/share proposed, Mr. Vishal Sharma reappointment.
3
Outcome of Board Meeting
25 Aug - Zeal Global Services Limited has informed regarding Outcome of Board Meeting held on August 25, 2026. 25 Aug - Zeal Global Services Limited has informed regarding Outcome of Board Meeting held on August 25, 2026.
4
Record Date
25 Aug - Record date for the purpose of Dividend is 11-Sep-2026. 25 Aug - Record date for the purpose of Dividend is 11-Sep-2026.
5
Cessation
19 Aug - Pooja Garg resigned as Company Secretary-cum-Compliance Officer, effective 19 August 2026. 19 Aug - Pooja Garg resigned as Company Secretary-cum-Compliance Officer, effective 19 August 2026.
Frequently Asked Questions about Zeal Global Services
What does Zeal Global Services Ltd do?
Incorporated in 2014, Zeal Global Services Ltd provides Air Cargo Services[1]
Where is Zeal Global Services Ltd (ZEAL) listed?
Zeal Global Services Ltd trades as ZEAL on the NSE.
Which sector does Zeal Global Services Ltd belong to?
Zeal Global Services Ltd is classified under the Services sector, in the Transport Services industry.
What is the market capitalisation of Zeal Global Services Ltd?
Zeal Global Services Ltd has a market capitalisation of ₹107.21 Cr, which places it in the Small Cap band.
What is the PE ratio of Zeal Global Services Ltd?
Zeal Global Services Ltd trades at a PE ratio of 9.60, on earnings per share of ₹9.03, against a book value of ₹69.41 per share.
What is the 52-week high and low of Zeal Global Services Ltd?
Over the last 52 weeks Zeal Global Services Ltd has traded between ₹61.5 and ₹93.55.
Does Zeal Global Services Ltd pay dividends?
Zeal Global Services Ltd has a dividend yield of 1.90%.
What is the Return on Equity (ROE) of Zeal Global Services Ltd?
Zeal Global Services Ltd reported a return on equity of 17.71%. Its debt-to-equity ratio is 0.22.
Company Information
Incorporated in 2014, Zeal Global Services Ltd provides Air Cargo Services[1]
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