Shiprocket Ltd
Shiprocket Ltd is an API-led, merchant-
first e-commerce enablement platform
for Indian MSMEs and large retailers,
spanning domestic/cross-border shipping, fulfilment, checkout, marketing, omnichannel commerce, hyperlocal delivery and finance facilitation.[1]
- Market Cap ₹ 9,291 Cr.
- Current Price ₹ 128
- High / Low ₹ 157 / 124
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.52.1 Cr.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 161 | 358 | 602 | 1,067 | 1,283 | 1,997 | |
| 154 | 348 | 674 | 1,267 | 1,528 | 2,024 | |
| Operating Profit | 7 | 10 | -72 | -200 | -246 | -27 |
| OPM % | 4.5% | 2.8% | -12% | -19% | -19% | -1.3% |
| 4 | 7 | 25 | -38 | -267 | 52 | |
| Interest | 1 | 2 | 1 | 9 | 23 | 26 |
| Depreciation | 0 | 1 | 6 | 39 | 64 | 34 |
| Profit before tax | 10 | 14 | -55 | -287 | -598 | -35 |
| Tax % | 0% | 13% | -0% | -0% | 0% | 0% |
| 10 | 12 | -55 | -287 | -599 | -35 | |
| EPS in Rs | 235.78 | 292.44 | -1,255.77 | -5,377.60 | -10,147.68 | -0.55 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 23% |
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| 5 Years: | % |
| 3 Years: | 23% |
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Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.43 | 0.36 | 0.34 | 0.61 | 0.61 | |
| Reserves | 26 | 91 | 1,340 | 1,682 | 1,253 | |
| 52 | 44 | 77 | 246 | 287 | ||
| 43 | 103 | 198 | 437 | 525 | ||
| Total Liabilities | 122 | 238 | 1,616 | 2,365 | 2,065 | |
| 1 | 2 | 129 | 1,104 | 965 | ||
| CWIP | 0 | 0 | 0 | 5 | 0 | |
| Investments | 0 | 0 | 85 | 265 | 109 | |
| 121 | 236 | 1,402 | 991 | 991 | ||
| Total Assets | 122 | 238 | 1,616 | 2,365 | 2,065 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 11 | 35 | -36 | -76 | -180 | ||
| -33 | -57 | -1,233 | -302 | 86 | ||
| 54 | 43 | 1,281 | 411 | 96 | ||
| Net Cash Flow | 31 | 20 | 11 | 33 | 2 | |
| Free Cash Flow | 10 | 33 | -48 | -106 | -204 | |
| CFO/OP | 148% | 373% | 42% | 32% | 71% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 11 | 14 | 27 | 29 | 33 | |
| Inventory Days | 0 | 0 | 1 | 1 | 1 | |
| Days Payable | 66 | 68 | 84 | 74 | ||
| Cash Conversion Cycle | 11 | -52 | -40 | -55 | -40 | |
| Working Capital Days | -75 | -61 | 111 | 110 | -42 | |
| ROCE % | 15% | -7% | -12% | -15% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement regarding 15th Annual General Meeting (''AGM'') of the Company and e-voting information
-
General Update-Letter To Shareholders Under Reg. 36(1)(B)
- Shiprocket sent FY2025-26 AGM and annual report links; 15th AGM on September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Advertisement in Newspapers- Financial Express (English) and Jansatta (Hindi)
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Intimation of Pre-Dispatch of Newspaper advertisement regarding AGM Notice of 15th Annual General Meeting of Shiprocket Limited to be held through Video Conferencing (''VC'') /Other …
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of earnings call on September 8, 2026 for Q1 FY27 results.
Listed entity:
Shiprocket Ltd got listed on August 19th 2026 after a ₹97/share IPO. Its 6 direct subsidiaries and one step-down subsidiary include key
cargo /checkout, Omni/fulfilment, ONDC
seller-app and overseas operations.[1][2][3]