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 ₹ 56.5 Cr.
- Current Price ₹ 3.99
- High / Low ₹ 12.0 / 3.40
- Stock P/E 4.95
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 35.4 %
- ROE 56.1 %
- Face Value ₹ 1.00
Pros
Cons
- Debtor days have increased from 34.4 to 43.1 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 97 | 108 | |
| 86 | 89 | |
| Operating Profit | 11 | 20 |
| OPM % | 11% | 18% |
| 1 | -0 | |
| Interest | 2 | 4 |
| Depreciation | 2 | 2 |
| Profit before tax | 7 | 14 |
| Tax % | 13% | 11% |
| 6 | 12 | |
| EPS in Rs | 0.62 | 1.15 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 95% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 56% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 9 | 9 | 9 |
| Reserves | 5 | 16 | 21 |
| 24 | 35 | 40 | |
| 15 | 21 | 28 | |
| Total Liabilities | 54 | 82 | 98 |
| 16 | 13 | 19 | |
| CWIP | 1 | 7 | 0 |
| Investments | 0 | 2 | 2 |
| 37 | 61 | 78 | |
| Total Assets | 54 | 82 | 98 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 3 | -0 | |
| -11 | -7 | |
| 9 | 7 | |
| Net Cash Flow | 0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 26 | 43 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 26 | 43 |
| Working Capital Days | -3 | 22 |
| ROCE % | 35% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Revenue from Air Shipment Operations INR Lakhs |
|
||
| Revenue from Ocean Shipment Operations INR Lakhs |
|||
| Revenue from Road Shipment Operations INR Lakhs |
|||
| Revenue from SaaS Operations INR Lakhs |
|||
| Sundry Debtors Holding Period Days ・Includes some standalone data |
|||
| Unbilled Revenue (Work-in-Progress) INR Lakhs |
|||
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Mar - ₹1.56 Crore three-year logistics digitalization order from Hindalco (announced March 13, 2026)
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
12 Mar - Hindalco awarded Shipwaves Rs.1,56,70,678 three-year logistics digitalization contract (12-03-2026).
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
6 Mar - Postal ballot 04-03-2026: Item 1 failed; Items 2-4 passed; 49,750,000 promoter votes invalidated.
-
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.
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.