Zeal Global Services IPO: Air cargo logistics company ZGSL sets sights on SME IPO
₹5 as of today. The company's fully devoted team, with over 5000 man-hours of GSSA industry expertise, is skilled at identifying critical procurement areas and providing competitive pricing solutions. Zeal Global Services takes pleasure in providing effective support for goods export, assuring a smooth and trouble-free process.
ZGSL's financial performance has been improving in recent years, as evidenced by rising total assets, total revenue, and profit after tax. The company's net worth, reserves, and surplus have all increased significantly, bolstering its financial position. Zeal Global Services Limited (ZGSL) has experienced exceptional financial growth in recent years, with total assets increasing from 22.03 crores in March 2020 to 49.69 crores in January 2023, representing a stunning gain of nearly 125.99%.
During the same time period, total revenue increased by approximately 23.91%, rising from 76.71 crores to 95.05 crores. Furthermore, ZGSL's profit after tax increased dramatically, rising from 1.33 crores in March 2020 to 8.26 crores in January 2023, representing a stunning 519.50% increase. Their corrected financial information for the fiscal year ending January 31, 2023 shows an EPS of 8.46 per equity share and a P/E ratio of 12.18, demonstrating the company's reasonable valuation.
These solid financial metrics highlight ZGSL's long-term potential for investors. The IPO revenues will be used for operating capital, investments in subsidiaries, debt repayment, general business objectives, and issue expenses. Zeal Global Services intends to build on its solid basis and grow its international reach, serving clients in India, China, the Middle East, Sri Lanka, Singapore, and Malaysia.
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