On 6 Nov 2026, Shipwaves Online was priced at ₹3.06, or 9.3× trailing earnings, against an industry P/E of 23.5×, and the shares are 75% below their 52-week high. It earns ROCE of 8.2% and ROE of 6.7%, though net profit is above operating profit, which points to a one-off gain. Debt is 0.29× equity. It is listed on an SME platform with a market cap of ₹43 Cr, ranked 14th of 15 Marine Shipping companies by market cap; the shares fell 73% over the past year.
- ₹2.95
- ₹3.06
- ₹2.95
- ₹3.03
- 30K
Health check
- ReturnsBehind
−73.2% over a year, better than 0 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityWeak
ROCE 8.2% vs peer median 13.8%.
- Balance sheetFair
Debt 0.29× equity, interest covered 2.0×.
- Red flags5 to check
Return on equity is low at 6.7%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹43 Cr
- Small cap
- P/E
- 9.3
- Industry 23.5
- Price to book
- 0.51
- Peers 4.36
- Dividend yield
- 0.00%
- ROE
- 6.7%
- Peers 18.8%
- ROCE
- 8.2%
- Peers 13.8%
- Debt to equity
- 0.29
- Debt ₹25 Cr
- EPS (TTM)
- ₹0.33
- OPM (TTM)
- −3.4%
- Net margin 3.9%
- Sales growth
- −19.8%
- Latest quarter vs a year ago
- Profit growth
- −116.8%
- Latest quarter vs a year ago
- Price to sales
- 0.47
- EV/EBITDA 11.5
Strengths and risks
Risks to check
- Return on equity is low at 6.7%.
- Quarterly profit down 116.8% on a year ago.
- Quarterly sales down 19.8% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 75% below its 52-week high.
About Shipwaves Online
Shipwaves Online Limited, a logistics company, provides digital freight forwarding and enterprise saas solutions. It offers logistics services by leveraging technology to streamline the transportation process across multiple modesocean, land, and air. The company's platform facilitates hassle-free bookings, real-time shipment tracking, automated documentation, and customs clearance. Its solutions also include real-time data analytics, predictive insights…
- Headquarters
- Mangalore
- Employees
- 35
- Sector
- Industrials
- ISIN
- INE0O9L01010
- Website
- shipwaves.com
Price range
- Avg volume (3M)
- 1.2 L
- 1-year return
- minus 73.2%
- From 52-week high
- minus 74.5%
Peers · Marine Shipping
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPORTSAdani Ports and Special Economic Zone | 1,936.60 | plus 2.76% | 4,46,185 | 32.3 | 4.36 | 11.0% | 15.6% | 44.0% | 22.9% | 34.1% | 0.39% | plus 30.5% |
| JSWINFRAJSW Infrastructure | 338.30 | minus 2.31% | 78,692 | 50.3 | 4.42 | 12.0% | 9.9% | 36.2% | 19.0% | 27.2% | 0.27% | plus 19.5% |
| GESHIPGreat Eastern Shipping Co. | 1,428.70 | minus 2.14% | 19,236 | 4.6 | 1.20 | 17.4% | 18.8% | 42.5% | −1.6% | 4.5% | 4.03% | plus 38.6% |
| SHREEJISPGShreeji Shipping Global | 884.55 | plus 2.40% | 14,411 | 88.7 | 18.71 | – | 21.1% | 24.4% | −5.4% | 8.7% | 0.23% | plus 219.9% |
| SCIShipping Corporation of India | 261.07 | minus 0.90% | 12,161 | 6.1 | 1.34 | 14.1% | 15.5% | 23.5% | −0.1% | 15.8% | 2.80% | plus 5.3% |
| KMEWKnowledge Marine & Engineering Works | 652.80 | minus 79.23% | 8,279 | 60.7 | 14.00 | 13.4% | 20.0% | 39.9% | 7.6% | 18.8% | 0.00% | plus 125.5% |
| GPPLGujarat Pipavav Port | 166.49 | plus 3.23% | 8,052 | 14.6 | 3.37 | 26.7% | 21.8% | 52.0% | 6.6% | 18.0% | 6.06% | minus 0.9% |
| SHIPWAVESShipwaves Online | 3.06 | plus 0.99% | 43 | 9.3 | 0.51 | 8.2% | 6.7% | −3.4% | – | – | 0.00% | minus 73.2% |
| Median of 7 peers | – | −0.90% | 14,411 | 32.3 | 4.36 | 13.8% | 18.8% | 39.9% | 6.6% | 18.0% | 0.39% | 30.5% |
Quarterly results
| ₹ Cr | Mar 25 | Mar 26 |
|---|---|---|
| 62.6 | 50.2 | |
| 54.2 | 51.3 | |
| 8.3 | −1.1 | |
| 13.3% | −2.3% | |
| 0.4 | 1 | |
| 2 | 1.6 | |
| 6.7 | −1.8 | |
| 11.8% | 53.5% | |
| 5.3 | −0.9 | |
| 0.37 | -0.07 |
Profit & loss
- ROE
- 6.7%
| ₹ Cr | Mar 2025 | Mar 2026 |
|---|---|---|
| 108 | 91.2 | |
| 91.5 | 82.9 | |
| 16.8 | 8.3 | |
| 15.5% | 9.1% | |
| – | 1.7 | |
| 3.3 | 3.6 | |
| – | 2.7 | |
| −0.7 | – | |
| – | 3.8 | |
| – | −2.6% | |
| – | 3.6 | |
| 0.77 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2025 | Mar 2026 |
|---|---|---|
| – | 14.1 | |
| – | 71 | |
| – | 25.5 | |
| – | 22.4 | |
| 81.8 | 133 | |
| – | 3.9 | |
| – | 0 | |
| – | 3 | |
| 81.8 | 126 | |
| 81.8 | 133 |
Cash flow
| ₹ Cr | Mar 2026 |
|---|---|
| −17.9 | |
| −21.8 | |
| 41 | |
| 1.3 | |
| −18.3 | |
| −36.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.