---
title: "Shipwaves Online Ltd (544646) — Share Price, Financials & Analysis"
symbol: "544646"
company: "Shipwaves Online Ltd"
canonical: "https://tapetide.com/stocks/544646"
isin: "INE0O9L01010"
nse_symbol: "SHIPWAVESONLINELTD"
bse_code: "544646"
sector: "Transport Services"
industry: "Transport Services"
market_cap_cr: 51.81
generated_at: "2026-09-13T21:13:49.900Z"
---

# Shipwaves Online Ltd (544646)

Canonical page: https://tapetide.com/stocks/544646

## Company

- **NSE Symbol:** SHIPWAVESONLINELTD
- **BSE Code:** 544646
- **ISIN:** INE0O9L01010
- **Sector:** Transport Services
- **Industry:** Transport Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-17
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** shipwaves.com

## About

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

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:33:41.027654Z.

- **Market Cap:** ₹51.81 Cr
- **Classification:** SME
- **P/E (reported):** 14.3
- **Book Value:** ₹6.02
- **Price to Book:** 0.64
- **Dividend Yield:** 0%
- **ROE:** 44.33%
- **ROCE:** 55.43%
- **Debt to Equity:** 0.3
- **Revenue (yearly):** ₹91.17 Cr
- **Net Income:** ₹3.6 Cr
- **EBITDA:** ₹8.28 Cr
- **52-Week High:** ₹12
- **52-Week Low:** ₹2.55
- **RSI (14):** 62.64

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.61 times its book value

### Weaknesses

- 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

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -111.97% | 90.99% | -129.52% |
| ebitda margin growth | -49.86% | -25.23% | — |
| net income growth | -70.49% | -42.86% | — |
| revenue growth | -16.13% | -2.15% | — |
| roce | 13.1% | 13.1% | — |
| roe | 6.43% | 42.99% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Sep 2025 | Mar 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 |
| Profit before tax | 6.71 | 5.55 | -1.8 |
| Tax % | 11.77 | 15.68 | -53.33 |
| Net Profit | 5.92 | 4.69 | -0.84 |
| EPS in Rs | 0.56 | 0.47 | -0.06 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 96.71 | 108.28 | 91.17 |
| Expenses | 85.67 | 88.59 | 82.9 |
| Operating Profit | 11.04 | 19.69 | 8.27 |
| OPM % | 11.42 | 18.18 | 9.07 |
| Other Income | 0.57 | -0.36 | 1.7 |
| Interest | 2.34 | 3.5 | 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 |
| Net Profit | 6.29 | 12.2 | 3.85 |
| EPS in Rs | 0.62 | 1.15 | 0.25 |
| Dividend Payout % | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 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 | 21.47 | 22.43 |
| Total Liabilities | 53.99 | 81.86 | 133.11 |
| Fixed Assets | 16.03 | 12.67 | 34.93 |
| CWIP | 1.17 | 6.58 | 0 |
| Investments | 0 | 1.5 | 1.5 |
| Other Assets | 36.79 | 61.11 | 96.68 |
| Total Assets | 53.99 | 81.86 | 133.11 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | 2.59 | -0.31 | -17.93 |
| Cash from Investing Activity | -11.17 | -6.54 | -21.78 |
| Cash from Financing Activity | 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/OP | 22 | 4 | -215 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | 25.82 | 43.08 | 68.5 |
| Inventory Days | — | — | 0 |
| Cash Conversion Cycle | 25.82 | 43.08 | 68.5 |
| Working Capital Days | -3.25 | 22.32 | 184.32 |
| ROCE % | — | 35.35 | 8.38 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 99.96% | 66.79% | 67.36% | 67.4% |
| FIIs | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 29.95% | 29.56% | 29.73% |
| Others | 0.04% | 3.27% | 3.07% | 2.87% |
| No. of Shareholders | 9 | 9 | 1806 | 1762 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 8 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3.53 | Buy |
| EMA (10) | 3.56 | Buy |
| SMA (20) | 3.48 | Buy |
| EMA (20) | 3.46 | Buy |
| SMA (50) | 3.3 | Buy |
| EMA (50) | 3.41 | Buy |
| SMA (100) | 3.54 | Buy |
| EMA (100) | 3.69 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.28 | Neutral |
| MACD (12,26,9) | 0.12 | Buy |
| Stochastic (14,3,3) | 80.74 | Sell |
| ADX (14) | 18.96 | Neutral |
| Williams %R (14) | -32.26 | Neutral |
| ATR (14) | 0.26 | High Volatility |
| ROC (12) | 4.89 | Buy |
| Stoch RSI (14) | 45.73 | Neutral |
| UO (7,14,28) | 59.35 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9535c588-3a5e-4d3c-9ddf-22c794b7c3f7.pdf) |
| 2026-09-07 | [Notice Of 11Th Annual General Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f97bf46-cbed-4115-81d1-059560f32b8f.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1199d11-d9ee-43ef-bcc3-daca7ea8b6e6.pdf) |
| 2026-09-07 | [Intimation Of Dispatch Of Letter To Non-Email Shareholders.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e88f1804-dd2d-4b72-9ccb-d9269a46e0ed.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Preferential Issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d0fe517f-53cb-4e9b-8162-5878888e5781.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1fe517c8-ef8d-4980-9387-62670282d986.pdf) |
| 2026-09-01 | [Board Meeting Outcome for Intimation Of Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f5203f0-29f3-47ce-9025-d1e82df4d3f4.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Preferential Issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b8fac3bd-7d31-4340-b6bb-8ecca3a93681.pdf) |
| 2026-09-01 | [Intimation Regarding 11Th Annual General Meeting Of Members Of The Company For The Financial Year 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb355477-3178-48a1-bdf8-97e3911a6067.pdf) |
| 2026-08-28 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0609b0bf-cb72-4ae6-a3e4-4546ca13748e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Received USD 27,000 (≈Rs24.49L) PO from Ananta Ocean Shipping for Shipment Orchestrator deployment at Classic Fashion; two-year project. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 9 Feb - Received USD 27,000 (≈Rs24.49L) PO from Ananta Ocean Shipping for Shipment Orchestrator deployment at Classic Fashion; two-year project.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c17ab2a-b699-4414-872d-a0ec177f3cfc.pdf) |
| 7 Apr - Regulation 74(5) certificate for quarter ended 31 March 2026; no demat or remat requests received. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 7 Apr - Regulation 74(5) certificate for quarter ended 31 March 2026; no demat or remat requests received.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dfd4aa0f-ed2b-4580-b0a9-7f00424e6280.pdf) |
| 6 Mar - Postal ballot 04-03-2026: Item 1 failed; Items 2-4 passed; 49,750,000 promoter votes invalidated. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 6 Mar - Postal ballot 04-03-2026: Item 1 failed; Items 2-4 passed; 49,750,000 promoter votes invalidated.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f40b9c65-5e96-44ea-820d-51aef30e7809.pdf) |
| 4 Feb - Board meeting Feb 13, 2026 to approve unaudited Q3/9M results ended Dec 31, 2025; trading window closed. | [Board Meeting Intimation for Approval Of Quarterly Results For The Quarter Ended And Nine Months Ended On 31.12.2025 4 Feb - Board meeting Feb 13, 2026 to approve unaudited Q3/9M results ended Dec 31, 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/947146f7-7f45-4d0c-afda-6b5d1ba54494.pdf) |
| 29 Dec 2025 - Form D: Mrs. Kanchan Sharma gifted 112,000 equity shares (27 Dec 2025). | [Announcement under Regulation 30 (LODR)-Trading Plan under SEBI (PIT) Regulations, 2015 29 Dec 2025 - Form D: Mrs. Kanchan Sharma gifted 112,000 equity shares (27 Dec 2025).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/73b4396f-12dd-4c32-9789-8a65fd2d239e.pdf) |
| 28 Mar - Postal ballot: approved related-party transactions up to Rs100Cr; subsidiary loans up to Rs20Cr; Rs500Cr Section185 loan rejected. | [Intimation Of Postal Ballot Minutes. 28 Mar - Postal ballot: approved related-party transactions up to Rs100Cr; subsidiary loans up to Rs20Cr; Rs500Cr Section185 loan rejected.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c65a381-c4fb-47a1-851d-bcac0e7c6edb.pdf) |
| 28 Apr - Shipwaves Online says corporate governance report not applicable for quarter ended 31 March 2026. | [Non-Applicability Of Corporate Governance For The Quarter Ended 31St March 2026. 28 Apr - Shipwaves Online says corporate governance report not applicable for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/50d82aca-6a9a-4b56-b021-d800343a065e.pdf) |
| 28 Apr - Shipwaves Online says corporate governance report not applicable for quarter ended 31 March 2026. | [Non-Applicability Of Corporate Governance For The Quarter Ended 31St March 2026. 28 Apr - Shipwaves Online says corporate governance report not applicable for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/50d82aca-6a9a-4b56-b021-d800343a065e.pdf) |
| 27 Mar - Trading window closed from April 1, 2026 until 48 hours after FY2026 results. | [Closure of Trading Window 27 Mar - Trading window closed from April 1, 2026 until 48 hours after FY2026 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fbca9441-de86-4e56-9d6c-1cc4458fb930.pdf) |
| 17 Feb - Copy of Newspaper Publication for the Unaudited Financial results for the quarter ended on 31.12.2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Feb - Copy of Newspaper Publication for the Unaudited Financial results for the quarter ended on 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e05404a5-273b-49d7-a644-f32bab187cfe.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-27 | [Financial Results For The Half Year And Year Ended 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8972fca7-21b0-46f8-a117-c703cb6e36da.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c0c5a66-25b2-4d70-83f8-037ec581d369.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3012599-2d8d-4404-99c5-dd57686cd1d5.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28001775-2b03-4760-8739-45b2c529b5e0.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539148/75445539148.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539148/71666539148.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539148/66664539148.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539148/5391480319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539148/5391480318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539148/5391480317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/539148/5391480316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2021 | [Concall - Sep 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19e52072-782c-48a0-b851-4bd068aff32f.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/66c0445d-2a9e-4060-beea-ae70b333a3ab.pdf) |
| Dec 2021 | [Concall - Dec 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0590c5a8-8f9f-482a-840a-f6d9e8742c40.pdf) |
| Dec 2019 | [Concall - Dec 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d9b095bc-119f-4b62-a930-7df340887642.pdf) |
| Dec 2019 | [Concall - Dec 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5490b334-16d1-4ef9-aad1-26c329919cd5.pdf) |
| Aug 2020 | [Concall - Aug 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8385d847-1c4a-4f3a-9382-ed4dee74f9e5.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T21:13:49.900Z.