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Shipwaves Online

544646 BSE
₹3.09 up 0.03 (0.98%)
Market Cap
₹43.76 Cr

Shipwaves Online (SHIPWAVES) share price was ₹3.09 at the 27 Oct 2026 close; market capitalisation ₹43.76 Cr; sector Transport Services. In the Mar 2026 quarter, revenue fell 19.8% year on year to ₹50.19 Cr and net profit was −₹0.84 Cr, against ₹5.92 Cr a year earlier (compared with Mar 2025). Promoters held 67.40% of Shipwaves Online in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 42/100 (Weak) as of 28 Oct 2026.

Close 27 Oct 2026 ₹3.09 −8.31 −72.89% since 17 Dec 2025

Key Fundamentals

SMETransport ServicesServices
Market Cap
₹43.76 Cr
EBITDA
₹10.00 Cr
Return on Equity
4.42%
Return on Capital Employed
8.16%
Debt to Equity
0.3
Book Value
₹6.02
EPS (TTM)
—
52W High
₹12.00
52W Low
₹2.55

Price-based figures as of 29 Oct 2026, 11:17 IST · TTM

Peer Comparison

Services › Transport Services › Logistics Solution Provider

₹419.6025.7431,957 Cr2.470.38%9.54%12.38%9,440 Cr1,248 Cr
₹389.35309.0129,174 Cr3.010.00%1.57%2.62%11,504 Cr94 Cr
₹287.5576.6816,876 Cr9.650.00%6.40%6.72%4,786 Cr172 Cr
₹4,245.6035.0910,074 Cr5.670.58%13.92%16.93%6,404 Cr286 Cr
₹881.0014.816,769 Cr2.431.18%17.65%18.12%5,332 Cr461 Cr
₹110.8175.904,889 Cr2.400.00%5.67%9.25%11,794 Cr67 Cr
₹266.8017.474,714 Cr4.091.87%20.73%18.84%3,379 Cr268 Cr
Shipwaves Online (this company)
₹3.09—44 Cr0.510.00%4.42%8.16%——
Median 8 companies₹338.4535.098,421 Cr2.740.19%7.97%10.82%6,404 Cr268 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

42 Weak
Overall score

Data confidence 81/100

Category scores

Quality Good 55
Returns, margins, earnings quality 22% weight
Valuation Weak 40
Cheap vs sector & own history 24% weight
Growth Poor 32
Sales & profit trajectory 9% weight
Financial Health Weak 39
Solvency, leverage, coverage 9% weight
Momentum Poor 23
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has reduced debt.
  • Stock is trading at 0.53 times its book value

Weaknesses

4
  • 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 65.9 days to 178 days

Technical Indicators

Oscillators

Bullish

Bearish
2
Neutral
4
Bullish
3

Overall

Bearish

Bearish
12
Neutral
4
Bullish
3

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-14.61% lower than 3Y

change over 1 year

Net Income Growth
-68.85% lower than 3Y

change over 1 year

Cash Flow Change
—

EBITDA Margin Change
-39.56%

change over 1 year Operating margin 0.78% · Mar 2026

Quarterly Results

Particulars Mar 2025Sep 2025Mar 2026
Sales
62.58
40.98
50.19
Expenses
53.24
33.09
49.8
Operating Profit
9.34
7.89
0.39
OPM %
14.92%
19.25%
0.78%
Other Income
0.41
0.73
0.97
Interest
2.03
1.94
1.63
Depreciation
1.01
1.13
1.53
PBT
6.71
5.55
-1.8
Tax %
11.77%
15.68%
-53.33%
Net Profit
5.92
4.69
-0.84
EPS (₹)
0.56
0.47
-0.06
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2024Mar 2025Mar 2026
Sales
96.71
108
91.17
Expenses
85.67
89.46
82.9
Operating Profit
11.04
18.82
8.27
OPM %
11.42%
17.38%
9.07%
Other Income
0.57
0.51
1.7
Interest
2.34
3.5
3.57
Depreciation
2.02
2.16
2.65
PBT
7.25
13.67
3.75
Tax %
13.24%
10.83%
-2.67%
Net Profit
6.29
12.2
3.85
EPS (₹)
0.62
1.15
0.25
Div. Payout %
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2024Mar 2025Mar 2026
Equity Capital
9.45
9.45
14.15
Reserves
5.37
16.42
71.04
Borrowings
24.13
34.52
25.49
Other Liabilities
15.04
21.42
22.44
Total Liabilities
53.99
81.81
133
Fixed Assets
16.03
12.67
34.47
CWIP
1.17
6.58
0.46
Investments
0
1.5
1.5
Other Assets
36.79
61.06
96.69
Total Assets
53.99
81.81
133
Figures in ₹ Crores

Cash Flow

Particulars Mar 2024Mar 2025Mar 2026
Operating
2.59
-0.31
-17.93
Investing
-11.17
-6.54
-21.78
Financing
8.69
6.89
40.97
Net Cash Flow
0.1
0.04
1.26
Free Cash Flow
-3.83
-5.25
-36.25
CFO/EBITDA
22
5
-215
Figures in ₹ Crores

Ratios

Particulars Mar 2024Mar 2025Mar 2026
Debtor Days
25.82
43.08
68.5
Cash Conversion Cycle
25.82
43.08
68.5
Working Capital Days
-3.25
22.52
178
ROCE %
—
33.91%
8.38%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Shipwaves Online insights

53 extracted metrics + investor summaries across FY19–FY26.

Shareholding Pattern

Promot.67.40%Others3.17%Public29.43%As ofSep 2026

Documents

Frequently Asked Questions about Shipwaves Online

What does Shipwaves Online Ltd do?
Incorporated in 2015, Shipwaves Online Limited is engaged in the business of digital freight forwarding and enterprise SaaS solutions.[1]
Where is Shipwaves Online Ltd (SHIPWAVES) listed?
Shipwaves Online Ltd trades under code 544646 on the BSE.
Which sector does Shipwaves Online Ltd belong to?
Shipwaves Online Ltd is classified under the Transport Services sector.
What is the market capitalisation of Shipwaves Online Ltd?
Shipwaves Online Ltd has a market capitalisation of ₹43.76 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Shipwaves Online Ltd?
Over the last 52 weeks Shipwaves Online Ltd has traded between ₹2.55 and ₹12 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Shipwaves Online Ltd?
Shipwaves Online Ltd reported a return on equity of 4.42%. Its debt-to-equity ratio is 0.30.

Company Information

Incorporated in 2015, Shipwaves Online Limited is engaged in the business of digital freight forwarding and enterprise SaaS solutions.[1]

Listed 2025-12-17
Face Value ₹ 1
Shares Outstanding 14,16,12,903

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