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 ₹ 50.8 Cr.
- Current Price ₹ 3.59
- High / Low ₹ 12.0 / 3.31
- Stock P/E 14.2
- Book Value ₹ 6.02
- Dividend Yield 0.00 %
- ROCE 8.38 %
- ROE 6.43 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Stock is trading at 0.60 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Debtor days have increased from 45.8 to 68.5 days.
- Working capital days have increased from 67.8 days to 184 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 | Mar 2026 | |
|---|---|---|---|
| 96.71 | 108.28 | 91.17 | |
| 85.67 | 88.59 | 82.90 | |
| Operating Profit | 11.04 | 19.69 | 8.27 |
| OPM % | 11.42% | 18.18% | 9.07% |
| 0.57 | -0.36 | 1.70 | |
| Interest | 2.34 | 3.50 | 3.57 |
| Depreciation | 2.02 | 2.16 | 2.65 |
| Profit before tax | 7.25 | 13.67 | 3.75 |
| Tax % | 13.24% | 10.83% | -2.67% |
| 6.29 | 12.20 | 3.85 | |
| EPS in Rs | 0.62 | 1.15 | 0.25 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
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| TTM: | -16% |
| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | -69% |
| Stock Price CAGR | |
|---|---|
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| 5 Years: | % |
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| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 9.45 | 9.45 | 14.15 |
| Reserves | 5.37 | 16.42 | 71.04 |
| 24.13 | 34.52 | 25.49 | |
| 15.04 | 21.47 | 22.43 | |
| Total Liabilities | 53.99 | 81.86 | 133.11 |
| 16.03 | 12.67 | 34.93 | |
| CWIP | 1.17 | 6.58 | 0.00 |
| Investments | 0.00 | 1.50 | 1.50 |
| 36.79 | 61.11 | 96.68 | |
| Total Assets | 53.99 | 81.86 | 133.11 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 2.59 | -0.31 | -17.93 | |
| -11.17 | -6.54 | -21.78 | |
| 8.69 | 6.89 | 40.97 | |
| Net Cash Flow | 0.10 | 0.04 | 1.26 |
| Free Cash Flow | -3.83 | -5.25 | -36.25 |
| CFO/OP | 22% | 4% | -215% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 25.82 | 43.08 | 68.50 |
| Inventory Days | 0.00 | ||
| Days Payable | |||
| Cash Conversion Cycle | 25.82 | 43.08 | 68.50 |
| Working Capital Days | -3.25 | 22.32 | 184.32 |
| ROCE % | 35.35% | 8.38% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Revenue from Air Shipment Operations INR Lakhs |
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| Revenue from Ocean Shipment Operations INR Lakhs |
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| Revenue from Road Shipment Operations INR Lakhs |
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| Revenue from SaaS Operations INR Lakhs |
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| Sundry Debtors Holding Period Days ・Includes some standalone data |
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| Unbilled Revenue (Work-in-Progress) INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Financial Results For The Half Year And Year Ended 31St March 2026.
27 May - Board approved audited standalone and consolidated FY26 results; appointed secretarial auditor for five years.
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Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015
27 May - Board approved amended insider-trading code on 27 May 2026.
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Statement Of Deviation For The Quarter Ended 31St March 2026.
27 May - Shipwaves Online reports no deviation in IPO fund use for quarter ended 31 March 2026, raising Rs. 56.35 crore.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
27 May - CARE report for quarter ended 31 March 2026 shows nil deviation; ₹5.03 crore remains unutilized.
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Board Meeting Outcome for Outcome Of The Board Meeting.
27 May - Board approved FY26 audited standalone and consolidated results, code amendment, and secretarial auditor appointment.
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.