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Shipwaves Online Ltd (544646) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 544646 NSE: | Logistics | Small Cap

Shipwaves Online Share Price

4.49 0.00 (0.00%)
As on 13-Apr'26 16:59

Shipwaves Online Ltd (544646)

BSE: 544646 NSE:
Key Metrics
Market Cap
₹64 Cr.
P/E Ratio
15.15
Price to Book (P/B)
0.88
Price to Sales (P/S)
0.82
EV/EBITDA
8.96
Return on Capital Employed (ROCE)
21.71%
Current Price
₹4.5
Return on Equity (ROE)
30.09%
Return on Assets (ROA)
7.95%
Operating Profit Margin
12.9%
Net Profit Margin
5.43%
Gross Profit Margin
9.6%
Book Value per Share
₹5.1
Sales Growth (YoY)
18.62%
Sales Growth (3 Years)
10.09%
Operating Profit Growth (1 Year)
50.91%
Operating Profit Growth (3 Years)
98.68%
Net Profit Growth (1 Year)
49.64%
52-Week Low / High
₹3 / 12
Net Profit Growth (3 Years)
297.21%
Dividend Yield
0.00%
Promoter Holding
66.79%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1 Revenue growth of Shipwaves Online Ltd?
Shipwaves Online Ltd revenue growth is 18.6% for FY-2025 , which is above its 5 year CAGR of 0% , indicating faster growth.
Q.1 Promoter shareholding and pledge status of Shipwaves Online Ltd?
Promoters hold 66.79% of the Shipwaves Online Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Revenue growth of Shipwaves Online Ltd vs industry peers?
Shipwaves Online Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 0.00% , indicating slower growth and losing its market share.
Q.1 Which industry/sub-sector does Shipwaves Online Ltd belong to?
Shipwaves Online Ltd belongs to the Transportation & Logistics sector, operating specifically within the Logistics segment.
Q.1 Stock return of Shipwaves Online Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

DeciZen - make an informed investing decision on Shipwaves Online

Based on:

M-Cap below 100cr DeciZen not available

Shipwaves Online stock performance

Key Ratios
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Is Shipwaves Online Ltd an attractive stock to invest in?

1. Is Shipwaves Online Ltd a good quality company?

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

2. Is Shipwaves Online Ltd undervalued or overvalued?

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

3. Is Shipwaves Online Ltd a good buy now?

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

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.
Shipwaves Online Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.2%20.7%20.8%21.7%-
Value Creation
Index
-0.50.50.50.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 57.969.365.177.277
Sales YoY Gr.-19.8%-6.1%18.6%-
Adj EPS 00.20.30.40.3
YoY Gr.-NA12.5%55.6%-
BVPS (₹) 0.111.31.75.1
Adj Net
Profit
0.12.22.63.94
Cash Flow from Ops. -4.32.3-0.5-3.5-
Debt/CF from Ops. -2.75.7-42.9-9.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA10.1%18.6%
Adj EPS NANANA55.6%
BVPSNANA189.6%36%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
128.324.628.38.8
Op. Profit
Mgn %
2.25.910.212.9NAN
Net Profit
Mgn %
0.13.245.15.5
Debt to
Equity
1.71.51.62.1-
Working Cap
Days
0711191700
Cash Conv.
Cycle
01827520

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.09%

Return on Equity has declined versus last 3 years average to 8.80%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 2.10

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials

Standalone Consolidated
TTM EPS (₹) 0.3 0.8
TTM Sales (₹ Cr.) 77.2 108
BVPS (₹) 5.1 5.8
Reserves (₹ Cr.) 58 68
P/BV 0.88 0.77
PE 15.15 5.86
From the Market
52 Week Low / High (₹) 3.31 / 12.00
All Time Low / High (₹) 3.31 / 12.00
Market Cap (₹ Cr.) 63.5
Equity (₹ Cr.) 14.2
Face Value (₹) 1
Industry PE 34.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Shipwaves Online - Standalone Basis

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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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales57.8769.3165.0977.21
Operating Expenses + 56.6065.2558.4967.24
Manufacturing Costs54.726355.3664.10
Material Costs0000
Employee Cost 1.271.341.301.40
Other Costs 0.600.901.831.74
Operating Profit 1.274.066.609.96
Operating Profit Margin (%) 2.2%5.9%10.1%12.9%
Other Income + 0.090.180.520.51
Exceptional Items 0000
Interest 1.231.171.793.10
Depreciation 0.030.031.581.71
Profit Before Tax 0.103.043.755.67
Tax 0.030.800.961.48
Profit After Tax 0.072.242.804.19
PAT Margin (%) 0.1%3.2%4.3%5.4%
Adjusted EPS (₹)0.00.20.30.4
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 6.809.0411.8416.03
Share Capital 9.459.459.459.45
Reserves -2.65-0.412.396.58
Debt +11.7713.1119.2232.40
Long Term Debt4.420.090.093.05
Short Term Debt7.3513.0219.1329.36
Minority Interest0000
Trade Payables1.122.484.804.28
Others Liabilities 0.561.725.1811.77
Total Liabilities 20.2626.3541.0364.49

Fixed Assets

Net Fixed Assets +0.130.127.446.61
Gross Block0.400.419.3110.20
Accumulated Depreciation0.260.291.883.59
CWIP 7.369.531.176.58
Investments 002.023.52
Inventories0000
Trade Receivables5.934.8812.8019.70
Cash Equivalents 1.081.493.013.26
Others Assets 5.7510.3314.6124.81
Total Assets 20.2626.3541.0364.49

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -4.342.29-0.45-3.45
PBT 0.103.043.755.67
Adjustment 1.241.063.184.65
Changes in Working Capital -4.73-2.06-7.56-12.96
Tax Paid -0.960.250.19-0.81
Cash Flow From Investing Activity + -2.26-2.61-3.98-7.90
Capex -1.46-2.19-0.53-6.30
Net Investments -0.82-0.56-1.63-1.76
Others 0.020.14-1.820.16
Cash Flow From Financing Activity + 6.230.164.3211.35
Net Proceeds from Shares 9.40000
Net Proceeds from Borrowing -2.81-4.3402.96
Interest Paid -1.23-1.17-1.79-3.10
Dividend Paid 0000
Others 0.865.676.1111.49
Net Cash Flow -0.37-0.16-0.11-0

Finance Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.9828.2926.7730.09
ROCE (%)7.1620.6820.8321.71
Asset Turnover Ratio2.862.971.931.46
PAT to CFO Conversion(x)-621.02-0.16-0.82
Working Capital Days
Receivable Days37285077
Inventory Days0000
Payable Days0000

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Announcements

Shipwaves Online Ltd FAQs

The current trading price of Shipwaves Online on 13-Apr-2026 16:59 is ₹4.49.

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 12-Apr-2026 the market cap of Shipwaves Online stood at ₹63.53 Cr

The latest P/E ratio of Shipwaves Online as of 12-Apr-2026 is 15.15.

The latest P/B ratio of Shipwaves Online as of 12-Apr-2026 is 0.88.

The 52-week high of Shipwaves Online is ₹12.00 and the 52-week low is ₹3.31.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shipwaves Online is ₹77.21 ( Cr.) .

About Shipwaves Online Ltd

Shipwaves Online was originally incorporated as a Private Limited Company under the name and style of ‘Shipwaves Online Private Limited’ on February 27, 2015. Subsequently, the company was converted into Public Limited Company under the Companies Act, 2013 and the name of the company was changed to ‘Shipwaves Online Limited’ vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated November 18, 2022.

The company offers few primary service categories - Digital Freight Forwarding and Enterprise SaaS Solutions - each designed to meet the evolving needs of businesses in the global logistics and supply chain industry. As a digital freight forwarder, it provides end-to-end logistics services by leveraging advanced technology to streamline the transportation process across multiple modes - ocean, land, and air. Its platform facilitates hassle-free bookings, real-time shipment tracking, automated documentation, and efficient customs clearance. Through a digital-first approach, it helps businesses optimize freight movement, reduce manual intervention, and achieve cost and time savings. Its expertise covers everything from booking and managing cargo space to ensuring on-time deliveries, all while offering full visibility and transparency throughout the shipment lifecycle. 

In addition to its freight forwarding capabilities, it delivers robust Enterprise SaaS Solutions tailored to meet the complex demands of supply chain management. Its SaaS platform offers an integrated suite of tools designed to streamline logistics operations, providing businesses with complete visibility and control over their supply chain. These solutions include real-time data analytics, predictive insights for demand forecasting, supply chain optimization, inventory management, and comprehensive shipment planning tools. Its software platform helps enterprises of all sizes to digitalize and automate their logistics processes, improving overall efficiency, minimizing risks, and driving performance. Together, its Digital Freight Forwarding services and Enterprise SaaS Solutions form a cohesive and innovative approach to managing modern logistics challenges with precision and scalability.

Business area of the company

The company’s expertise spans across multimodal transportation solutions, offering seamless end-to-end support for shipments across Ocean, Land, and Air. With a focus on providing efficient, cost-effective, and reliable services, it enables businesses to manage and move shipments globally with ease. Its platform is built to offer real-time visibility, ensuring that clients have full transparency and control over their logistics operations from the point of origin to the final destination. By integrating the capabilities of multimodal transport, it provides businesses with the flexibility to choose the best routes and modes of transportation based on their specific requirements - be it speed, cost, or efficiency.

Services of the company

Freight Forwarding

  • Ocean FCL (Full Container Load)
  • Ocean LCL (Less than Container Load)
  • NVOCC (Non-Vessel Operating Common Carrier)
  • Air Cargo
  • Road Transport

Digital Platform 

  • Quick Quotes
  • Online Booking
  • Bank Regularization
  • Digital Documentation
  • User Dashboard

Enterprise SaaS

  • Order Management
  • Rate Procurement
  • Shipment Planner
  • Real-Time Visibility
  • Data Analytics

Additional Services

  • Trade Finance
  • Insurance
  • Warehousing
  • Customs Clearance
  • Relocation

Awards and recognitions

  • 2022: Landmarks in Logistics Awards for Digital Freight Forwarder of the Year 
  • 2023: Best Innovative Enterprise (Logistics) Award, 2023 by SIRC, ICAI 
  • 2023: Global Maritime India Summit Award, 2023 for Maritime Innovation and Startups 
  • 2023: Received Certificate from Financial Times as one of High Growth Companies Asia-Pacific, 2023 
  • 2023: Certificate from The Economic Times and Statista for including the name in India’s Growth Champions 2023 

History and millstones

  • 2015: Incorporation of Private Limited Company in the name of M/s. Shipwaves Online Private Limited 
  • 2022: Converted into a Public Limited Company and the name of the company changed to ‘Shipwaves Online Limited’
  • 2024: Investment in foreign subsidiary Shipwaves Online LLC, Dubai.

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