Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Zeal Global Services Ltd. (ZEAL)
SME CapServices stocks · SME cap · NSE
Zeal Global Services Ltd. operates in Logistics, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:50 pm ISTDetails
Quote21 Oct, 03:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result01 Jun, 08:00 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
47NeutralSMA20 +5.5% / mo · MACD −
Stock trend: 47
Sector RS: —
Services FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but exact sector-index confirmation is unavailable. View sector evidence
Technical chart
ZEALD candles · FIT view-2.9%Latest close ₹68.00 on 2026-10-19
Bar
+0.0%
RSI
44
MACD hist
-1.05
52W pos
18%
2026-10-19O ₹68.00H ₹68.00L ₹68.00C ₹68.00Vol 600 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ZEALNifty 500
- ZEAL
- +3.0%
- Nifty 500
- -5.6%
- Vs Nifty 500
- +8.6 pp
Chart stats
19 Oct 2026- From 52W high
- -45.5%
- 52W range position
- 18%
- ATR (14)
- 5.1%
- Volume vs 20D
- 0.17x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹66.7 - ₹83
₹124.8
₹55.9 - ₹124.8
₹3.5
Latest completed session
20-session average
72.7% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED61
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad15
Revenue +15.2% · PAT +0.0% YoY
Technical
Neutral47
Price trend and sector-relative-strength timing.
Valuation
Legacy model+69.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence63
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 15/100PAT 0% YoY · Rev +15% YoY · margin expansion
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹114 Cr | +15.2% | -33.3% |
| EBITDA | ₹11 Cr | NDF | +37.5% |
| Operating margin | 10.0% | NDF | +560 bps |
| PAT | ₹7 Cr | +0.0% | +40.0% |
| PAT margin | 6.1% | NDF | +322 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 8.44
- P/B
- 1.02
- EV/EBITDA
- 4.56
- Market Cap
- 94.10Cr
Profitability
- ROE
- 12.80%
- ROCE
- 16.70%
- ROA
- 7.69%
- Dividend Y
- 2.12%
Growth (CAGR)
- Revenue 5Y
- 36.00%
- EPS 5Y
- 44.00%
- Revenue 3Y
- 37.00%
- EPS 3Y
- 4.00%
Balance Sheet
- Debt/Equity
- 0.22
- Interest Coverage
- 9.50×
- Altman Z
- 4.55
- Book Value
- 69.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- -12.00 Cr
- EPS TTM
- 8.38
Shareholding
- Promoter Hold
- 73.40%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 23%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 286-22.3% vs prev
Net Profit
₹ CrLatest: 11.0-26.7% vs prev
Return on Equity
%Latest: 12.0-35.4% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 44. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~5.2% over last month) — short-term momentum positive.
- RSI(14) at 44 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 44% off 52W high · 22% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
41
RS percentile
Stage 4 Downtrend
1M return
-12.3%
3M return
-0.9%
6M return
+14.3%
1Y return
-40.4%
RS 1D
+7
RS 20D
+16
Sector rank
#11
Industry rank
#34
Stage evidence
- Price is 3.5% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.7%.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
230 observations
19 Oct 2026Value 61+0.63%
RS vs Nifty 50061
Valuation & peers
U-Score 61 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 61 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · UNDERVALUEDValuation29/30
Growth20/25
Quality3/20
Balance Sheet13/15
Cash Flow1/10
Piotroski
5/9 (+3)
Penalties
-8
Raw sum
61
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
61/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 69.5%.
- Valuation contributes 29/30 to the score.
- Balance sheet contributes 13/15 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Quality is weaker at 3/20; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
8.4
PB
1.0
EV/EBITDA
4.6
ROE
12.8%
ROCE
16.7%
FCF Yield
—
Debt/Equity
0.2
MoS
+69.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
61
Previous: 61
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+69.5%
Previous: +69.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
60
60
60
60
60
61
61
61
61
61
61
61
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹114.39
+40.6% MoS
Growth-justified P/E
26.6
Growth-justified Value
₹222.49
+69.5% MoS
PEG
0.30
Comparable companies
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PRLIND
SME
Premier Roadlines Ltd.
Logistics
match 93
46
6.8
14.4%
-104%
FAIR VALUE
KLL
SME
Kaushalya Logistics Ltd.
Logistics
match 92
67
6.3
18.2%
+77%
UNDERVALUED
JAYESH
SME
Jayesh Logistics Ltd.
Logistics
match 88
62
10.8
29.0%
+59%
UNDERVALUED
ASHALOG
SME
Ashapura Logistics Ltd.
Logistics
match 88
52
9.1
6.7%
+66%
FAIR VALUE
PRANIK
SME
Pranik Logistics Ltd.
Logistics
match 88
73
6.2
17.0%
+77%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Zeal Global Services Ltd. operates in Logistics, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
63Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 40th percentile within Services. Main check: cash conversion is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
1 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
38th percentile
overall median 67 · Services: 40th pctile, median 66 · SME: 45th pctile, median 64
Evidence depth
Financial-only
1 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
53
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 73.4%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-12 Cr.
- ▸ROCE trend is -7.1%.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Zeal Global Services Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
Investor presentationNov 2024
Nov 2024 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.