Shiprocket Ltd

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Shiprocket Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Shiprocket Ltd

₹ 133 6.51%
08 Nov - close price
shiprocket.in BSE: 544871 NSE: SHIPROCKET
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]

Website BSE NSE
  • Market Cap ₹ 9,690 Cr.
  • Current Price ₹ 133
  • High / Low ₹ 157 / 116
  • Stock P/E
  • Book Value ₹ 33.1
  • Dividend Yield 0.00 %
  • ROCE -2.68 %
  • ROE -5.14 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.02 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -11.8% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Consumer Discretionary Consumer Services Retailing E-Retail/ E-Commerce

Part of BSE IPO Nifty IPO

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2025 Sep 2025 Mar 2026 Jun 2026 Sep 2026
442.50 500.18 554.43 592.09 673.65
460.11 520.06 567.41 602.96 676.27
Operating Profit -17.61 -19.88 -12.98 -10.87 -2.62
OPM % -3.98% -3.97% -2.34% -1.84% -0.39%
13.77 14.34 14.75 13.68 19.86
Interest 6.41 6.73 6.73 6.43 4.88
Depreciation 7.78 8.02 11.34 10.09 11.76
Profit before tax -18.03 -20.29 -16.30 -13.71 0.60
Tax % 0.00% 0.00% 0.00% 0.00% 0.00%
-18.03 -20.29 -16.30 -13.71 0.60
EPS in Rs -0.97 -1.09 -0.26 -0.22 0.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
358 611 1,089 1,316 1,632 2,024
348 690 1,372 1,609 1,692 2,091
Operating Profit 10 -79 -283 -293 -60 -67
OPM % 2.8% -13% -26% -22% -3.7% -3.3%
7 24 -25 -203 43 50
Interest 2 1 10 23 22 26
Depreciation 1 7 41 76 35 36
Profit before tax 14 -64 -359 -595 -74 -79
Tax % 13% -0% 0% 0% 0% 0%
12 -64 -359 -595 -74 -79
EPS in Rs 1.10 -5.47 -23.75 -37.76 -4.00 -1.25
Dividend Payout % 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: 20%
TTM: -2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: -13%
3 Years: -12%
Last Year: -5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 0.36 0.34 0.45 0.52 0.64 636 728
Reserves 91 1,332 1,643 1,228 1,431 888 1,682
44 78 330 374 394 345 102
103 208 414 449 483 636 710
Total Liabilities 238 1,618 2,387 2,051 2,309 2,505 3,222
2 188 1,318 1,042 1,014 1,029 1,028
CWIP 0 0 5 0 0 0 0
Investments 0 9 26 15 28 16 16
236 1,421 1,038 995 1,266 1,460 2,178
Total Assets 238 1,618 2,387 2,051 2,309 2,505 3,222

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
35 -43 -138 -216 2 53
3 -1,210 -92 176 -144 53
43 1,281 110 -2 153 -45
Net Cash Flow 81 28 -121 -43 11 61
Free Cash Flow 33 -55 -169 -240 -5 35
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 374% 47% 43% 74% 10% -106%

Ratios

Consolidated / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 14 28 30 32 33 43
Inventory Days 0 1
Days Payable 66 69
Cash Conversion Cycle -52 -40 30 32 33 43
Working Capital Days -61 108 99 -67 -2 -12
ROCE % -8% -17% -18% -3% -3%

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

Announcements

Annual reports

DRHP

Concalls