Shiprocket Ltd

AI

Shiprocket Ltd

₹ 120 -2.01%
23 Oct 2:54 p.m.
About

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]

Key Points

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]

  • Market Cap ₹ 8,695 Cr.
  • Current Price ₹ 120
  • High / Low ₹ 157 / 117
  • Stock P/E
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE -0.28 %
  • ROE -2.03 %
  • Face Value ₹ 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -8.46% over last 3 years.
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2025 Mar 2026 Jun 2026
437 545 581
447 549 560
Operating Profit -10 -3 21
OPM % -2.2% -0.6% 3.6%
14 14 15
Interest 6 7 6
Depreciation 7 11 10
Profit before tax -9 -7 20
Tax % 0% 0% 0%
-9 -7 20
EPS in Rs -0.48 -0.11 0.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
161 358 602 1,067 1,283 1,611 1,997
154 348 674 1,267 1,528 1,651 2,024
Operating Profit 7 10 -72 -200 -246 -40 -27
OPM % 4.5% 2.8% -12% -19% -19% -2.5% -1.3%
4 7 25 -38 -267 44 52
Interest 1 2 1 9 23 22 26
Depreciation 0 1 6 39 64 33 34
Profit before tax 10 14 -55 -287 -598 -50 -35
Tax % 0% 13% -0% -0% 0% 0% 0%
10 12 -55 -287 -599 -50 -35
EPS in Rs 0.89 1.10 -4.72 -20.22 -38.15 -2.69 -0.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 41%
3 Years: 23%
TTM: 24%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 23%
TTM: 37%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: -10%
3 Years: -8%
Last Year: -2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.43 0.36 0.34 0.61 0.61 0.64 636
Reserves 26 91 1,340 1,682 1,253 1,481 981
52 44 77 246 287 391 343
43 103 198 437 525 472 609
Total Liabilities 122 238 1,616 2,365 2,065 2,344 2,568
1 2 129 1,104 965 940 954
CWIP 0 0 0 5 0 0 0
Investments 0 0 85 265 109 126 112
121 236 1,402 991 991 1,278 1,502
Total Assets 122 238 1,616 2,365 2,065 2,344 2,568

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
11 35 -36 -76 -180 8 49
-33 -57 -1,233 -302 86 -151 58
54 43 1,281 411 96 154 -44
Net Cash Flow 31 20 11 33 2 11 63
Free Cash Flow 10 33 -48 -106 -204 2 33
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 148% 373% 42% 32% 71% 3% -242%

Ratios

Standalone / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 11 14 27 29 33 35 43
Inventory Days 0 0 1 1 1
Days Payable 66 68 84 74
Cash Conversion Cycle 11 -52 -40 -55 -40 35 43
Working Capital Days -75 -61 111 110 -42 8 4
ROCE % 15% -7% -12% -15% -2% -0%

Shareholding Pattern

Numbers in percentages

19 Recently
Sep 2026
4.62%
16.92%
73.44%
5.03%
No. of Shareholders 86,834

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents