Zaggle - Public Comps and Valuation Multiples

Zaggle Overview

About Zaggle

Zaggle Prepaid Ocean Services Ltd is into spend management, with a differentiated value proposition and diversified user base. It offers a diversified portfolio of SaaS, including tax and payroll software. The company's core product portfolio includes; Propel, a SaaS platform for channel partner rewards and incentives, employee rewards and recognition; SAVE, a SaaS-based platform for employee expense management, reimbursements and benefits; and Zoyer, an integrated data driven SaaS-based procure-to-pay and utility payment platform. The company's operating segments are based on the nature of the products and services provided and include; Propel platform revenue/gift cards which derives maximum revenue, Platform fee/SaaS fee/Service fee and Program fee.

Founded

2011

HQ

Employees

425

Website

zaggle.in

Sectors

Financial Management Software
Human Capital Management Software
B2B SaaS
Horizontal SaaS
HRTech
FinTech

Financials

LTM Revenue $175M

LTM EBITDA $16.1M

EV

$465M

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Zaggle Financials

As of September 2025, Zaggle reported last 12-month revenue of $175M and EBITDA of $16.1M.

In the same period, Zaggle generated $81.7M in LTM gross profit and $12.7M in net income.

See Zaggle valuation multiples based on analyst estimates

Zaggle P&L

In the most recent fiscal year, Zaggle reported revenue of $147M and EBITDA of $15.9M.

Zaggle expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Zaggle valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$175M	XXX	$147M	XXX	XXX	XXX
Gross Profit	$81.7M	XXX	$61.3M	XXX	XXX	XXX
Gross Margin	47%	XXX	42%	XXX	XXX	XXX
EBITDA	$16.1M	XXX	$15.9M	XXX	XXX	XXX
EBITDA Margin	9%	XXX	11%	XXX	XXX	XXX
EBIT	n/a	XXX	$11.2M	XXX	XXX	XXX
EBIT Margin	n/a	XXX	8%	XXX	XXX	XXX
Net Profit	$12.7M	XXX	$9.9M	XXX	XXX	XXX
Net Margin	7%	XXX	7%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Zaggle including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $175M. EBITDA for the last twelve months was $16.1M. In the most recent fiscal year, Zaggle achieved $147M in revenue and $15.9M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$175M	Analyst estimates available to subscribers	$147M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$81.7M	Analyst estimates available to subscribers	$61.3M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	46.8% gross margin	Analyst estimates available to subscribers	41.7% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$16.1M	Analyst estimates available to subscribers	$15.9M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	9.2% EBITDA margin	Analyst estimates available to subscribers	10.8% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	n/a	Analyst estimates available to subscribers	$11.2M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	n/a	Analyst estimates available to subscribers	7.6% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$12.7M	Analyst estimates available to subscribers	$9.9M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	7.3% net profit margin	Analyst estimates available to subscribers	6.7% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Zaggle

This financial data table provides comprehensive performance metrics for Zaggle, a company based in India. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Zaggle generated $175M in revenue over the last twelve months.
The company achieved $16.1M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $81.7M.
Net income over the last twelve months reached $12.7M.

Fiscal Year Performance

In the most recent fiscal year, Zaggle reported $147M in total revenue.
Fiscal year EBITDA was $15.9M.
The company maintained a gross profit margin of 41.7% in the most recent fiscal year.
EBITDA margin for the fiscal year was 10.8%.
Net profit margin reached 6.7% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Zaggle. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Zaggle Stock Performance

Zaggle has current market cap of INR 47.3B (or $533M), and EV of INR 41.2B (or $465M).

Market Cap Evolution

Zaggle Stock Data

As of October 16, 2025, Zaggle's stock price is INR 352 (or $4).

See Zaggle trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$465M	$533M	XXX	XXX	XXX	XXX	$0.10

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Zaggle Valuation Multiples

Zaggle's trades at 3.5x EV/Revenue multiple, and 32.8x EV/EBITDA.

See valuation multiples for Zaggle and 15K+ public comps

Zaggle Financial Valuation Multiples

As of October 16, 2025, Zaggle has market cap of $533M and EV of $465M.

Equity research analysts estimate Zaggle's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Zaggle has a P/E ratio of 41.9x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$533M	XXX	$533M	XXX	XXX	XXX
EV (current)	$465M	XXX	$465M	XXX	XXX	XXX
EV/Revenue	2.7x	XXX	3.5x	XXX	XXX	XXX
EV/EBITDA	28.8x	XXX	32.8x	XXX	XXX	XXX
EV/EBIT	n/a	XXX	45.7x	XXX	XXX	XXX
EV/Gross Profit	5.7x	XXX	n/a	XXX	XXX	XXX
P/E	41.9x	XXX	61.4x	XXX	XXX	XXX
EV/FCF	n/a	XXX	-60.6x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Zaggle Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Zaggle Margins & Growth Rates

Zaggle's last 12 month revenue growth is 32%

Zaggle's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Zaggle's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Zaggle's rule of X is 88% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Zaggle and other 15K+ public comps

Zaggle Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	32%	XXX	35%	XXX	XXX	XXX
EBITDA Margin	9%	XXX	11%	XXX	XXX	XXX
EBITDA Growth	42%	XXX	31%	XXX	XXX	XXX
Rule of 40	42%	XXX	42%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	88%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.1M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	3%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	34%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial