Shipwaves Online Ltd
Incorporated in 2015, Shipwaves Online Limited is engaged in the business of digital freight forwarding and enterprise SaaS solutions.[1]
- Market Cap ₹ 61.0 Cr.
- Current Price ₹ 4.31
- High / Low ₹ 12.0 / 4.31
- Stock P/E 14.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 21.7 %
- ROE 30.1 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Cons
- Debtor days have increased from 63.5 to 93.1 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Part of BSE SME IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 42.66 | 57.87 | 69.31 | 65.09 | 77.21 | |
| 42.06 | 56.60 | 65.25 | 58.49 | 67.24 | |
| Operating Profit | 0.60 | 1.27 | 4.06 | 6.60 | 9.97 |
| OPM % | 1.41% | 2.19% | 5.86% | 10.14% | 12.91% |
| 0.05 | 0.09 | 0.18 | 0.52 | 0.51 | |
| Interest | 0.49 | 1.23 | 1.17 | 1.79 | 3.10 |
| Depreciation | 0.03 | 0.03 | 0.03 | 1.58 | 1.71 |
| Profit before tax | 0.13 | 0.10 | 3.04 | 3.75 | 5.67 |
| Tax % | 30.77% | 30.00% | 26.32% | 25.33% | 26.10% |
| 0.08 | 0.07 | 2.24 | 2.80 | 4.19 | |
| EPS in Rs | 16.00 | 0.07 | 0.24 | 0.30 | 0.44 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 291% |
| TTM: | 50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.05 | 9.45 | 9.45 | 9.45 | 9.45 |
| Reserves | -2.72 | -2.65 | -0.41 | 2.39 | 6.58 |
| 13.71 | 11.77 | 13.11 | 19.22 | 33.66 | |
| 4.29 | 2.56 | 4.28 | 9.97 | 14.83 | |
| Total Liabilities | 15.33 | 21.13 | 26.43 | 41.03 | 64.52 |
| 6.06 | 0.13 | 0.12 | 7.44 | 6.61 | |
| CWIP | 0.00 | 7.36 | 9.53 | 1.17 | 6.58 |
| Investments | 0.00 | 0.00 | 0.00 | 2.02 | 3.52 |
| 9.27 | 13.64 | 16.78 | 30.40 | 47.81 | |
| Total Assets | 15.33 | 21.13 | 26.43 | 41.03 | 64.52 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -1.21 | -4.34 | 2.29 | -0.45 | -3.45 | |
| -1.84 | -2.26 | -2.61 | -3.98 | -7.90 | |
| 3.60 | 6.23 | 0.16 | 4.32 | 11.35 | |
| Net Cash Flow | 0.55 | -0.37 | -0.16 | -0.11 | 0.00 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 39.27 | 37.40 | 25.70 | 71.78 | 93.13 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 39.27 | 37.40 | 25.70 | 71.78 | 93.13 |
| Working Capital Days | -26.01 | 11.23 | -11.01 | -7.46 | -2.98 |
| ROCE % | 8.98% | 20.68% | 20.82% | 21.72% |
Documents
Announcements
-
Intimation Of Extension Of Loan To Subsidiary Company.
30 Dec - Remitted ₹10 crore loan to subsidiary Shipwaves Online LLC on 29-Dec-2025; agreement dated 15-Dec-2025.
-
Intimation Of GST Order.
30 Dec - Received GST Section 73 order dated 29-12-2025; demand ₹2,08,11,060 (tax ₹1,04,38,280, interest ₹89,61,154, penalty ₹14,11,628).
-
Details Of KMP Authorised To Determine The Materiality Of Events Or Information.
17 Dec - 17-12-2025: Shipwaves designates Whole-Time Director Bibi Hajira authorised to determine materiality; contact details provided.
-
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015
17 Dec - Shipwaves Online: SEBI PIT fair-disclosure code published on website, announced 17-Dec-2025.
-
Intimation Under Regulation 7(1) Of The SEBI (LODR) Regulations 2015.
17 Dec - 17-12-2025: Shipwaves confirms Cameo Corporate Services continues as Registrar & Share Transfer Agent.
Business Profile[1]
Shipwaves Online Limited is a digital freight forwarding and logistics technology company, headquartered in Mangalore, Karnataka. It provides a comprehensive digital platform for multimodal transportation (Ocean, Air, and Land), integrating freight forwarding with Enterprise SaaS solutions.