Ashish Kacholia stock jumps 4% after signing agreement with DTDC Express

This Ashish Kacholia invested company, specializing in providing automated solutions for business expense management, jumped upto 4 percent upon signing a 5-year agreement with DTDC Express Ltd.

With a market capitalization of Rs. 5,574.80 crores on Wednesday, the shares of Zaggle Prepaid Ocean Services Ltd jumped upto 3.7 percent, making a high of Rs. 428.70 compared to its previous close of Rs. 413.35.

Zaggle Prepaid Ocean Services Ltd, engaged in providing automated solutions for business expense management, has announced that it has entered into a domestic agreement with DTDC Express Limited. Under this five-year agreement, Zaggle will provide its employee expense management and benefits solutions, Zaggle Zoyer, and Zaggle Save, to DTDC. 

Ace Investor Stake

Asish Kacholia holds around  30,03,356 shares, which consist of around a 2.24 percent stake in the company as of March 2025.

Financials & Others

The company’s total revenue rose by 52.7 percent from Rs. 278.05 crore to Rs. 424.83 crore in Q4FY24-25. Meanwhile, Net profit rose from Rs. 19.16 crore to Rs. 31.14 crore during the same period.

The company appears financially strong with a low debt-to-equity ratio of 0.02 and an average ROE of 20.36% over the last three years. It has delivered solid revenue growth of 27.84% annually over the same period. A PEG ratio of 0.77 indicates the stock may be undervalued relative to its earnings growth.

Zaggle Prepaid Ocean Services Limited is a leading Indian fintech and SaaS company specializing in spend management solutions. Founded in 2011 and headquartered in Hyderabad, it offers prepaid cards, employee expense management, rewards, and payment automation services through platforms like Zaggle Save, Zoyer, and Propel. 

Partnering with major banks and networks like HDFC, IndusInd, Visa, and Mastercard, Zaggle serves corporates, SMEs, and government institutions across various sectors, streamlining financial processes and promoting digital payments.

Zaggle has secured significant customer wins recently, driving its growth, including a perpetual contract to provide Indus Towers Limited with its Zaggle Save employee expense management and benefits platform. Tech Mahindra will use Zaggle’s Zatix platform with a credit card offering for one year, in addition to already using Zaggle Save.

Along with it, Siemens Limited has signed a three-year deal for the Zaggle Propel rewards platform. Honasa Consumer (Mamaearth) and PhysicsWallah have both adopted the Zaggle Zoyer platform for three and two years, respectively, with PhysicsWallah also being an existing Zaggle Save user. 

Written by Sridhar J

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