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Shiprocket Ltd (SHIPROCKET)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544871 NSE: SHIPROCKET e-Commerce | Small Cap | Shiprocket Share Price

₹143.50 14.00 (0.00%)

As on 19-Aug'26 16:59

Shiprocket Ltd (SHIPROCKET)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544871 NSE: SHIPROCKET e-Commerce | Small Cap | Shiprocket Share Price

₹143.50 14.00 (0.00%)

As on 19-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹10,441 Cr.
Current Price
₹143.5
52-Week Low / High
₹130 / 155
TTM EPS
₹-0.5
TTM Sales
₹1,997 Cr.
Book Value per Share
₹17.9
P/E Ratio
0.00
Industry PE
102.1
Price to Book (P/B)
8.04
In line with its 5-year historical median
Price to Sales (P/S)
5.23
In line with its 5-year historical median
EV/EBITDA
363.50
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-3.10%
Return on Capital Employed (ROCE)
-0.50%
Return on Assets (ROA)
-1.43%
Operating Profit Margin
-1.4%
Net Profit Margin
-1.76%
Gross Profit Margin
0.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
23.97%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
₹571 Cr.
Equity
₹727.6 Cr.
Face Value
₹10
All Time Low / High
- / -

Shiprocket stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Shiprocket Ltd a good quality company?
Shiprocket Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Shiprocket Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Shiprocket Ltd vs industry peers?
Shiprocket Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 16.67%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Shiprocket Ltd?
Promoters hold % of the Shiprocket Ltd, with % of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Shiprocket Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shiprocket Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'24Mar'25Mar'26TTM
ROCE % -37.8%-1.7%-0.5%-
Value Creation
Index
-3.8-1.1-1.0-

Growth Parameters

Sales 1,2831,6111,9971,997
Sales YoY Gr.-25.6%24%-
Adj EPS -27.7-3-0.5-0.5
YoY Gr.-NANA-
BVPS (₹) 62.762.41917.9
Adj Net
Profit
-383-49.9-30.8-35
Cash Flow from Ops. -1807.548.6-
Debt/CF from Ops. -1.232.55-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANANA24%
Adj EPS NANANANA
BVPSNANANA-69.6%
Share Price - - - -

Key Financial Parameters

Mar'24Mar'25Mar'26TTM
Return on
Equity %
-29.2-3.5-2-2.6
Op. Profit
Mgn %
-19.1-2.5-1.4NAN
Net Profit
Mgn %
-29.8-3.1-1.5-1.8
Debt to
Equity
0.20.20.2-
Working Cap
Days
01761940
Cash Conv.
Cycle
0-18-100

Valuation of Shiprocket - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Financials

PARTICULARSMar'24Mar'25Mar'26
Sales1,2831,6111,997
Operating Expenses + 1,5281,6512,027
Manufacturing Costs1,0401,2661,586
Material Costs5818
Employee Cost 381275297
Other Costs 103103126
Operating Profit -246-40-30
Operating Profit Margin (%) -19.1%-2.5%-1.5%
Other Income + 424459
Exceptional Items -3090-4
Interest 232226
Depreciation 643334
Profit Before Tax -599-50-35
Tax 000
Profit After Tax -599-50-35
PAT Margin (%) -46.7%-3.1%-1.8%
Adjusted EPS (₹)-43.4-3.0-0.6
Dividend Payout Ratio (%)0%0%0%
PARTICULARSMar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 9211,1151,207
Share Capital 5860636
Reserves 8631,055571
Debt +213245242
Long Term Debt000
Short Term Debt213245242
Minority Interest000
Trade Payables204229261
Others Liabilities 726756858
Total Liabilities 2,0652,3442,568

Fixed Assets

Net Fixed Assets +965940954
Gross Block1,2461,2421,285
Accumulated Depreciation281302330
CWIP 000
Investments 109126112
Inventories111
Trade Receivables117153237
Cash Equivalents 234483171
Others Assets 6396411,092
Total Assets 2,0652,3442,568
PARTICULARSMar'24Mar'25Mar'26
Cash Flow From Operating Activity + -180849
PBT -599-50-35
Adjustment 56211593
Changes in Working Capital -137-676
Tax Paid -69-16
Cash Flow From Investing Activity + 86-15158
Capex -24-6-16
Net Investments 162-1325
Others -52-1369
Cash Flow From Financing Activity + 55154-44
Net Proceeds from Shares 932090
Net Proceeds from Borrowing 000
Interest Paid -23-22-26
Dividend Paid 000
Others -16-33-18
Net Cash Flow -391163
PARTICULARSMar'24Mar'25Mar'26
Ratios
ROE (%)-69.3-5.21-3.1
ROCE (%)-37.78-1.71-0.5
Asset Turnover Ratio0.620.730.81
PAT to CFO Conversion(x)N/AN/AN/A
Working Capital Days
Receivable Days33.4030.6035.60
Inventory Days0.400.300.30
Payable Days005,029.30

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Announcements

Shiprocket Ltd FAQs

The current trading price of Shiprocket on 19-Aug-2026 16:59 is ₹143.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Aug-2026 the market cap of Shiprocket stood at ₹10,440.7 Cr

The latest P/E ratio of Shiprocket as of 18-Aug-2026 is 0.00.

The latest P/B ratio of Shiprocket as of 18-Aug-2026 is 8.04.

The 52-week high of Shiprocket is ₹155.4 and the 52-week low is ₹129.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shiprocket is ₹1,997 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shiprocket Ltd is a below average quality company.

The key valuation ratios of Shiprocket Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shiprocket Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Shiprocket Ltd

Shiprocket was incorporated as ‘Bigfoot Retail Solutions Private Limited’ at New Delhi, as a private limited company on September 28, 2011. The name of the company was changed to ‘Shiprocket Private Limited’ pursuant to a Shareholder’s resolution dated June 12, 2024. Subsequently, the company was converted to a public limited company and the name of the company was changed to ‘Shiprocket Limited’ pursuant to a Shareholder’s resolution dated January 18, 2025.

The company is an end-to-end, new age, merchant-first, and API-led technology platform designed to enable e-commerce transactions for India’s MSMEs and Large Retailers. Its Shiprocket platform simplifies logistics, checkout, payments, fulfilment, and cross-border trade, enabling Merchants to sell online and offline efficiently and at scale. Its platform is purpose-built to simplify e-commerce for Merchants who sell directly to end consumers through their own websites, apps or social media channels (Direct Commerce).

The company’s core business encompasses its Domestic Shipping platform, whereby it provides Merchants with access to logistics partners to deliver goods to end consumers within India, and its Shipping Apps, which are value added software utilities that enhance Merchants’ Domestic Shipping transactions by offering features like instant pickups, order tracking, secure shipments, weight discrepancy intelligence, and early COD remittance. Its business also has offerings that focus on new market creation and solving challenges in early stages of the order journey and underserved segments of e-commerce. These additional offerings primarily comprise cargo and fulfilment, cross border platform, ads and marketing solutions, capital solutions, hyperlocal deliveries and other Merchant solutions.

Business area of the company 

The company is an e-commerce enablement platform powering direct commerce. It helps small businesses, retail brands, direct-to-consumer merchants, and social commerce retailers scale through its technology stack. It is also engaged in the business of analytics, marketing automation and personalization services for ecommerce and Retail companies. It runs analytics on behaviour and transactional data and utilises that data for providing marketing or analysis services to its merchants. Further, it acts as a services provider facilitating financing arrangements between Non-Banking Financial companies (NBFCs)/Lending Partners and the merchants to enable access to credit.

Services of the company

Domestic Shipping Platform

Shipping Apps

  • Brand Boost
  • Delivery Boost
  • Early COD
  • Shiprocket Secure
  • Shiprocket Direct

Cargo and fulfilment

  • Cargo
  • Fulfilment
  • Shiprocket Omuni

Cross-border

Ads and marketing solutions

  • Shiprocket Ads and Marketing Solutions
  • Fastrr Checkout

Capital solutions

Hyperlocal deliveries

Other Merchant solutions

Awards, accreditations and recognition

  • 2023: Recognised as the winner in the ‘Mid-Sized business’ category at the Lenovo it4SMB Awards, 2023.
  • 2023: Awarded the ‘Best Software Solutions Provider of the Year (Enterprise Tech)’ at the Entrepreneur India Startups Awards, 2023.
  • 2023: Awarded in the ‘Small and Mid-sized Organisations Category’ at the ET Future Ready Organisations Awards, 2023.
  • 2023: Recognised as the winner in the category ‘Technology Provider of the Year’ at the E-commerce and Digital Natives Awards, 2023 by ET Retail.
  • 2023: Awarded for the ‘Best Supply chain and logistics partner for DNB’ at IAMAI's Digital Native Brand Awards, 2023.
  • 2023: Awarded for the ‘B2B Marketing Program of the Year’ at the e4m Red Carpet Experiential Marketing Awards. 
  • 2024: Awarded bronze place in the category ‘Best Place to Work’ at the 9th HR Excellence Awards, 2024.
  • 2024: Recognised as a ‘Trailblazer in the Indian logistics landscape’ at the CII Unicorn Summit.
  • 2025: Recognised for the 2025 ASK Private Wealth Hurun India Excellence in Enabling Scalable E-Commerce Logistics Technology.
  • 2025: Recognised as the ‘Best Employer’ in North India - Best Employer Brand Awards 2025.

History and milestones

  • 2011-12: Incorporated as Bigfoot Retail Solutions Private Limited.
  • 2015-16: Re-branded its business as ‘Kraftly’, an offline-to-online e-commerce platform.
  • 2016-17: Further re-branded its business as ‘Shiprocket’, providing logistics / fulfilment services, along with returns management and payment flow for its merchants.
  • 2019-20: The company’s revenue from operations for the year ended March 31, 2020, was Rs 1,611.86 million.
  • 2021-22: The company’s revenue from operations for the year ended March 31, 2022, was Rs 6,105.70 million.
  • 2022-23: Acquired Pickrr.
  • 2022-23: Acquired Shiprocket Omuni.
  • 2022-23: The company’s revenue from operations for the year ended March 31, 2023, was Rs 10,888.27 million.
  • 2023-24: The company’s revenue from operations for the year ended March 31, 2024, was Rs 13,159.76 million.
  • 2024-25: The company achieved adjusted EBITDA of Rs 70.28 million.
  • 2025-26: The company’s revenue from operations for the year ended March 31, 2026, was Rs 20,241.41 million.

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