Zaggle Prepaid Ocean Services Limited has informed the Exchange about Credit Rating
ZAGGLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed Zaggle's long-term bank facility rating of 'CARE A-; Stable' on Rs. 100 crore of cash credit facilities, with no change from the previous rating in July 2025. The rating is supported by Zaggle's established position in digital expense management, strong revenue growth (Rs. 1,302.65 crore in FY25, up from Rs. 775.60 crore in FY24), comfortable financial risk profile, and strong liquidity with over Rs. 508 crore in cash and liquid investments as of December 2025. The company has over 3,700 corporate customers and 3.5 million platform users, with low churn below 1.5%. Key constraints include moderate profitability margins (PBILDT margin around 8.85% in FY25), acquisition-related risks, and dependence on third-party payment networks and RBI regulations.
This is a neutral development for shareholders since the rating and stable outlook were simply reaffirmed, indicating CARE sees no change in Zaggle's credit quality. It signals continued financial stability and the company's ability to service its debt comfortably, but does not provide a fresh catalyst for the stock.