Zeal Global Services LimitedZEALCorporate

Logistics Solution Provider Latest results: Mar 2026 9 quarters of data

₹68.00

MCap ₹91 Cr · P/E 7.5

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🏭 Infrastructure sector

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₹114 Cr

Sales · Mar 2026

-42.1% YoY

₹11 Cr

Operating Profit · Mar 2026

+22.2% YoY

9.6%

OPM % · Mar 2026

+108.7% YoY

₹7 Cr

Net Profit · Mar 2026

+40.0% YoY

₹4.91

EPS · Mar 2026

+21.2% YoY

📝 Zeal Global Services Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Zeal Global Services Limited reported revenue of ₹114 crore for the quarter ended March 2026 (Q4 FY26), down 42.1% from ₹197 crore in the same quarter last year.

Net profit rose 40.0% year-on-year to ₹7 crore, from ₹5 crore. Earnings per share (EPS) came in at ₹4.91.

Operating profit stood at ₹11 crore — an operating margin (OPM) of 9.6%, compared with 4.6% in the year-ago quarter.

Full year and trailing twelve months

On a trailing-twelve-month (TTM) basis, revenue stands at ₹285 crore with a net profit of ₹12 crore.

Valuation snapshot

At the current price of ₹68.00, ZEAL has a market capitalisation of ₹91 crore and a trailing P/E of about 7.5.

Within the Logistics Solution Provider industry, it is the 25th-largest of the 51 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 73.40%, foreign institutional investors (FIIs) 0.00%, domestic institutional investors (DIIs) 2.44%, public shareholders 24.16% of Zeal Global Services Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹91 Cr

Current Price ?

₹68.0

P/E ?

7.54below ind

Industry P/E ?

15.40

P/B ?

0.98

P/S ?

0.32

P/FCF ?

-6.03

Enterprise Value ?

₹111 Cr

EV/EBITDA ?

5.82

PEG ?

1.89

Earnings Yield ?

11.8%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹285 Cr

OPM ?

6.7%

Profit after tax (TTM) ?

₹12 Cr

EPS (TTM) ?

₹9.02

ROCE ?

17.0%

ROE ?

13.0%

ROA ?

8.4%

Growth

Sales — latest qtr ?

₹114 Cr

PAT — latest qtr ?

₹7 Cr

YoY qtr sales growth ?

-42.1%

YoY qtr profit growth ?

40.0%

Sales growth (3y) ?

37%

Sales growth (5y) ?

36%

Profit growth (3y) ?

Profit growth (5y) ?

44%

Financial Health

Debt ?

₹20 Cr

Debt to Equity ?

0.22

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

73.40%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

3.7%

Return 6 months ?

-21.0%

🗓️ Quarterly results (9 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026	YoY %	QoQ %
Sales	64	56	56	94	99	170	197	171	114	-42.1%	—
Operating Profit	3	6	8	8	11	13	9	8	11	+22.2%	—
Other Income	0	0	0	1	2	2	2	2	2	+0.0%	—
Interest	0	0	1	1	1	0	1	1	1	+0.0%	—
Depreciation	0	0	1	1	2	3	3	3	3	+0.0%	—
Profit Before Tax	3	6	7	6	10	12	8	6	9	+12.5%	—
Net Profit	3	4	6	5	7	9	5	5	7	+40.0%	—
EPS	15.46	22.21	5.64	3.44	5.60	6.90	4.05	3.47	4.91	+21.2%	—
OPM %	4.7%	10.7%	14.3%	8.5%	11.1%	7.6%	4.6%	4.7%	9.6%	+108.7%	—

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	10	13	13	13	+0.0%
Reserves	13	53	68	79	+16.2%
Borrowings	17	10	14	20	+42.9%
Other Liabilities	20	39	47	31	-34.0%
Total Liabilities	60	115	143	143	+0.0%
Fixed Assets	9	18	19	23	+21.1%
CWIP	0	9	7	0	-100.0%
Investments	2	3	3	3	+0.0%
Other Assets	48	85	113	117	+3.5%
Total Assets	60	115	143	143	+0.0%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	-9	23	14	-12	-185.7%
Cash from Investing Activity	-9	-43	-17	5	+129.4%
Cash from Financing Activity	14	23	3	4	+33.3%
Net Cash Flow	-3	3	1	-4	-500.0%
Free Cash Flow	-19	3	10	-15	-250.0%
CFO/OP	-45%	149%	91%	-41%	-145.1%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	51	31	25	37	+48.0%
Cash Conversion Cycle	51	31	25	37	+48.0%
Working Capital Days	-35	-24	-15	5	+133.3%
ROCE %	53%	30%	24%	17%	-29.2%

👥 Shareholding (latest 4 periods)

Metric	Sep 2024	Mar 2025	Sep 2025	Mar 2026	% Chg
Promoters	73.40%	73.40%	73.40%	73.40%	+0.0%
FIIs	0.00%	0.00%	0.00%	0.00%	—
DIIs	0.00%	0.39%	2.19%	2.44%	+11.4%
Public	26.60%	26.21%	24.41%	24.16%	-1.0%
No. of Shareholders	1,409	1,410	1,301	1,183	-9.1%

⚖️ Peer comparison

Industry: Logistics Solution Provider · top 25 of 51 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	TCI Transport	₹848.35	6,518	14.3	5,026	460	10.6%	9.2%	9.5%	10.7%	9.6%	-0.6%
2	TVSSCS TVS Supply	₹125.17	5,523	85.7	11,746	68	7.1%	0.6%	10.1%	1241.8%	28.7%	-68.4%
3	VRLLOG VRL Logistics	₹288.30	5,043	18.9	3,356	268	20.4%	8.0%	1.9%	30.2%	18.1%	61.1%
4	MAHLOG Mahindra Logistics	₹396.45	3,936	90.4	7,378	48	4.5%	0.6%	14.7%	135.2%	23.3%	394.8%
5	GATEWAY Gateway Distriparks	₹52.34	2,615	10.7	2,210	248	21.6%	11.2%	31.6%	-30.6%	-0.2%	-17.6%
6	TCIEXP TCI Express	₹471.30	1,812	20.0	1,262	91	10.8%	7.2%	2.3%	-0.8%	8.8%	6.4%
7	ALLCARGO Allcargo Logistics	₹11.88	1,779	54.0	1,640	34	11.8%	2.1%	-82.1%	-85.0%	11.2%	216.7%
8	NAVKARCORP Navkar	₹88.19	1,327	—	—	—	—	—	—	—	—	—
9	RIIL Reliance Industrial	₹663.00	1,001	84.5	38	12	-25.1%	31.4%	-18.8%	3.6%	-31.4%	-8.5%
10	SVLL Shree Vasu	₹805.00	925	129.2	239	7	25.6%	3.0%	53.3%	164.6%	30.2%	74.1%
11	WCIL Western Carriers	₹87.45	892	24.3	1,878	37	4.4%	2.0%	6.0%	-40.4%	11.8%	-19.4%
12	RITCO Ritco Logistics	₹280.90	800	19.2	1,510	26	6.3%	1.8%	26.0%	-21.4%	3.0%	-61.2%
13	SJLOGISTIC S J	₹457.00	699	—	—	—	—	—	135.9%	198.9%	33.5%	48.3%
14	SICALLOG Sical Logistics	₹85.98	686	8.9	192	64	22.2%	33.3%	306.5%	191.2%	61.5%	405.8%
15	TREL Transindia Real	₹27.03	664	16.2	85	41	51.6%	48.4%	1.3%	-29.8%	4.2%	54.1%
16	SNOWMAN Snowman Logistics	₹34.42	576	107.6	619	5	15.4%	0.9%	9.4%	-42.0%	9.2%	79.0%
17	GLOTTIS Glottis	₹58.01	536	14.9	789	36	6.2%	4.6%	—	—	39.6%	-10.9%
18	LANCER Lancer Containe.	₹12.17	452	75.4	394	6	0.2%	1.5%	-43.4%	1319.5%	18.1%	133.9%
19	AVG AVG Logistics	₹179.99	337	9.9	565	28	14.7%	4.9%	1.1%	22.7%	6.0%	29.8%
20	OMFREIGHT Om Freight	₹90.00	303	15.5	556	19	5.6%	3.5%	—	—	104.8%	124.6%
21	PRLIND Premier Road	₹130.70	299	21.9	331	14	7.6%	4.1%	—	—	8.3%	-41.1%
22	TIGERLOGS Tiger Logistics	₹27.09	286	17.0	679	16	2.8%	2.4%	52.4%	15.5%	33.4%	-32.2%
23	DJML DJ Mediaprint	₹79.69	286	25.4	125	11	18.7%	8.6%	49.1%	60.2%	40.1%	12.8%
24	GICL Globe International	₹24.69	276	22.5	177	12	11.2%	6.7%	-6.6%	97.8%	5.0%	12.0%
25	ZEAL Zeal Global	₹189.50	252	22.6	285	12	6.7%	4.2%	—	—	-42.1%	40.0%

❓ Frequently asked questions

What was Zeal Global Services Limited's revenue in Q4 FY26?