Zeal Global Services (NSE:ZEAL) ROE %: 14.65% (As of Mar. 2026) — 49% Below Median


NSE:ZEAL Zeal Global Services Ltd NSE:ZEAL
57 GF Score
Price ₹68.00
GF Value ₹197.69
Valuation Possible Value Trap
! 7 Warning Signs
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What is Zeal Global Services ROE %?

Zeal Global Services NSE:ZEAL 57 ROE % is 14.65% as of Mar. 2026, which is 49% below its 10-year median of 29.00. GuruFocus rates NSE:ZEAL with a GF Score™ of 57/100 and a GF Value™ of ₹197.69 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 983 Transportation companies, Zeal Global Services ranks better than 71.21% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Zeal Global Services's annualized net income for the quarter that ended in Mar. 2026 was ₹131 Mil. Zeal Global Services's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹891 Mil. Therefore, Zeal Global Services's annualized ROE % for the quarter that ended in Mar. 2026 was 14.65%.

The historical rank and industry rank for Zeal Global Services's ROE % or its related term are showing as below:

NSE:ZEAL' s ROE % Range Over the Past 10 Years
Min: 12.85   Med: 29   Max: 76.84
Current: 12.9

During the past 7 years, Zeal Global Services's highest ROE % was 76.84%. The lowest was 12.85%. And the median was 29.00%.

NSE:ZEAL's ROE % is ranked better than
71.21% of 983 companies
in the Transportation industry
Industry Median: 7.6 vs NSE:ZEAL: 12.90

Zeal Global Services  (NSE:ZEAL) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=130.538/890.9
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(130.538 / 2284.076)*(2284.076 / 1462.2655)*(1462.2655 / 890.9)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.72 %*1.562*1.6413
=ROA %*Equity Multiplier
=8.93 %*1.6413
=14.65 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=130.538/890.9
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (130.538 / 185.566) * (185.566 / 160.364) * (160.364 / 2284.076) * (2284.076 / 1462.2655) * (1462.2655 / 890.9)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7035 * 1.1572 * 7.02 % * 1.562 * 1.6413
=14.65 %

Note: The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Zeal Global Services ROE % Related Terms


Zeal Global Services ROE % Historical Data

* Premium members only.

The historical data trend for Zeal Global Services's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zeal Global Services ROE % Chart

Zeal Global Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial 76.84 55.92 27.01 19.75 12.85

Zeal Global Services Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 23.45 27.62 13.30 11.08 14.65

NSE:ZEAL vs UPS, FDX, JBHT: ROE % Comparison

For the Integrated Freight & Logistics subindustry, Zeal Global Services's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zeal Global Services ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, Zeal Global Services's ROE % distribution charts can be found below:

* The bar in red indicates where Zeal Global Services's ROE % falls into.


NSE:ZEAL
57GF Score
Zeal Global Services Ltd NSE:ZEAL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zeal Global Services ROE % Calculation

Zeal Global Services's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=111.491/( (810.967+923.753)/ 2 )
=111.491/867.36
=12.85 %

Zeal Global Services's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=130.538/( (858.047+923.753)/ 2 )
=130.538/890.9
=14.65 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 14.65% mean?
Zeal Global Services (NSE:ZEAL) has a ROE % of 14.65% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Zeal Global Services and its competitors. This is 49% below median its historical median of 29.00. Over the past decade, Zeal Global Services' ROE % has ranged from 12.85 to 76.84. According to the industry distribution chart, Zeal Global Services ranks #283 out of 983 companies in the Transportation industry, placing it in the top 28.8%.
Is Zeal Global Services' ROE % too high?
Zeal Global Services' current ROE % of 14.65% is 49% below median its 10-year median of 29.00. Over the past 10 years, this metric has ranged from a low of 12.85 to a high of 76.84. The Transportation industry median ROE % is 7.60. Zeal Global Services' value of 14.65% is 92.8% above this industry median. Based on the distribution chart, Zeal Global Services ranks #283 out of 983 companies in the Transportation industry, which is above the industry midpoint. Overall, Zeal Global Services has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zeal Global Services' ROE % compare to UPS and FDX?
According to the Transportation industry distribution chart, Zeal Global Services ranks #283 out of 983 companies for ROE %. This puts Zeal Global Services in the upper half of its industry. The industry median ROE % is 7.60. Zeal Global Services' value of 14.65% is 92.8% above this benchmark. Historically, Zeal Global Services' own ROE % has ranged from 12.85 to 76.84 over the past decade. While the company's 10-year median is 29.00 vs. the industry median of 7.60, Zeal Global Services has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.60, based on 983 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zeal Global Services's current ROE % of 14.65% is 92.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Zeal Global Services and its competitors. For the Transportation industry, the median ROE % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zeal Global Services's current ROE % is 14.65%, which is 49% below median its own 10-year median of 29.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zeal Global Services stock overvalued right now?
Based on GuruFocus' analysis, Zeal Global Services (NSE:ZEAL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹197.69, compared to a current price of ₹68.00 — trading 65.6% below its estimated fair value. The current ROE % is 14.65%, which is 49% below median its 10-year median of 29.00 and 92.8% above the Transportation industry median of 7.60. Zeal Global Services' overall GF Score™ is 57/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Zeal Global Services (NSE:ZEAL), the current ROE % is 14.65% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zeal Global Services (NSE:ZEAL) Overvalued in 2026?

Based on GuruFocus' analysis, Zeal Global Services stock appears to be undervalued. The current stock price of ₹68.00 is trading 65.6% below its estimated GF Value™ of ₹197.69. GuruFocus considers Zeal Global Services to be Possible Value Trap.

Key valuation signals for NSE:ZEAL:

  • ROE %: 14.65% (49% below median its 10-year median of 29.00)
  • GF Value™: ₹197.69 vs. price of ₹68.00 (65.6% below fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 92.8% above the Transportation median (#283 of 983)

No single metric tells the full story. See the NSE:ZEAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zeal Global Services Business Description

Address Street No. 6, A - 261/262, Third Floor, Mahipalpur Extension, New Delhi, IND, 110037
Zeal Global Services Ltd is engaged in the business of providing logistics solutions in the Air Cargo Industry. It has been operating as General Sales and Service Agent (GSSA) and sales partner for airlines in the region. The Company realizes that clients have specific requirements with regard to their shipments. Its approach is to bring economical solutions to its client's freighting needs through - excessive aircraft, load and destination compatibility analysis to suit the ever-changing needs of various industries such as fashion, pharmaceuticals, automotive and industrials. The company has one segment Air Cargo Service.
57GF Score

Get the complete analysis for NSE:ZEAL

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹68.00
Price
₹197.69
GF Value