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 ₹ 59.6 Cr.
- Current Price ₹ 4.21
- High / Low ₹ 12.0 / 4.10
- Stock P/E 14.2
- 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 | -3.43 | -3.98 | -7.90 | |
| 3.60 | 6.23 | 0.16 | 4.32 | 11.35 | |
| Net Cash Flow | 0.55 | -0.37 | -0.97 | -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
-
Statement Of Deviation.
14 Feb - No deviation in utilization of Rs.56,35,20,000 IPO proceeds; allotment 15/12/2025, listing 17/12/2025.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Feb - Monitoring Agency report: Rs56.35cr IPO; Rs36.29cr utilized, Rs20.06cr unutilized; no deviations; funds parked in subsidiary.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
9 Feb - Received USD 27,000 (≈Rs24.49L) PO from Ananta Ocean Shipping for Shipment Orchestrator deployment at Classic Fashion; two-year project.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Feb
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
3 Feb - Postal ballot: approve loans/RPTs — Rs500 crore loan limit; Rs20Cr loan to subsidiary; Rs10Cr and Rs100Cr RPT limits.
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.