Shipwaves OnlineShare price, financial results, shareholding and management
- Market cap
- ₹43 cr
- Stock P/E
- 12.1peers 15.8
- Book value
- ₹6
- Price to book
- 0.51
- EV / operating profit
- -
- Market cap to sales
- 0.47
- ROCE · FY26
- 8.2%
- ROE · FY26
- 6.4%
- ROE, 3-year average
- 39.7%
- Operating margin · FY26
- 9.1%peers 8.2%
- Sales growth, 3 years
- 9.6%
- Profit growth, 3 years
- 16.8%
- Debt to equity
- 0.30peers 0.42
- Borrowings
- ₹25.5 cr
- Interest cover
- 2.0×
- Cash from business / op. profit
- -217%
- Debtor days
- 69
- Pledged
- 0.00%
- Promoter holding
- 67.40%
- Change in promoter holding
- +0.04 pts
- Shareholders
- 1,762
- 52-week high / low
- ₹12 / ₹3
- Dividend yield
- 0.00%
- Face value
- ₹1
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
newboard is reading this company's filings. Its plain description, key points, management and study will appear here soon; the figures below are worked out from what it has filed.
Shipwaves Online share price chart
Close on 6 Nov 2026 · +0.99% on the day · Vol 30,000
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -4.4%
- 3 months
- +5.2%
- 6 months
- -22.7%
- Traded a day, 20 days
- ₹0.01 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | -16% | -71% |
| 3 years, a year | +10% | +17% |
| Latest half, H2 FY26 | -20% | -115% |
Shipwaves Online revenue and profit growth
Half-yearly results · Profit and lossSales have grown steadily. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were lower than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Shipwaves Online half-yearly results
SME companies report every six months · ₹ crore
| H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|
| Sales | 62.58 | 40.98 | 50.19 |
| Expenses | 53.24 | 33.09 | 49.80 |
| Operating profit | 9.34 | 7.89 | 0.39 |
| OPM | 14.9% | 19.3% | 0.8% |
| Interest | 2.03 | 1.94 | 1.63 |
| Depreciation | 1.01 | 1.13 | 1.53 |
| Profit before tax | 6.71 | 5.55 | -1.85 |
| Net profit | 5.92 | 4.69 | -0.89 |
Shipwaves Online profit and loss
Full years to March, FY21 to FY26 · ₹ crore, consolidated where reported
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Sales | 42.66 | 57.87 | 69.31 | 96.71 | 108.28 | 91.17 |
| Expenses | 42.06 | 56.60 | 65.25 | 85.67 | 88.59 | 82.90 |
| Operating profit | 0.60 | 1.27 | 4.06 | 11.04 | 19.69 | 8.27 |
| OPM | 1.4% | 2.2% | 5.9% | 11.4% | 18.2% | 9.1% |
| Other income | 0.05 | 0.09 | 0.18 | 0.57 | -0.36 | 1.70 |
| Interest | 0.49 | 1.23 | 1.17 | 2.34 | 3.50 | 3.57 |
| Depreciation | 0.03 | 0.03 | 0.03 | 2.02 | 2.16 | 2.65 |
| Profit before tax | 0.13 | 0.10 | 3.04 | 7.25 | 13.67 | 3.47 |
| Tax rate | 30.8% | 30.0% | 26.3% | 13.2% | 10.8% | -2.9% |
| Net profit | 0.08 | 0.07 | 2.24 | 6.29 | 12.20 | 3.57 |
| EPS ₹ | 16 | 0.07 | 0.24 | 0.62 | 1.15 | 0.25 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY26) comes from tax charged on a small or negative profit, as reported.
Earnings per share before FY22 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Shipwaves Online profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Operating margin | 1.4% | 2.2% | 5.9% | 11.4% | 18.2% | 9.1% |
| Tax rate | 30.8% | 30.0% | 26.3% | 13.2% | 10.8% | -2.9% |
| ROCE | · | 9.0% | 20.7% | 31.4% | 34.6% | 8.2% |
| ROE | · | 3.4% | 28.3% | 52.7% | 60.0% | 6.4% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Shipwaves Online debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It cut its borrowings last year. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Shipwaves Online balance sheet
At each 31 March · ₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Equity capital | 0.05 | 9.45 | 9.45 | 9.45 | 9.45 | 14.15 |
| Reserves | -2.72 | -2.65 | -0.41 | 5.37 | 16.42 | 71.04 |
| Net worth | -2.67 | 6.80 | 9.04 | 14.82 | 25.87 | 85.19 |
| Borrowings | 13.71 | 11.77 | 13.11 | 24.13 | 34.52 | 25.49 |
| Other liabilities | 4.29 | 2.56 | 4.28 | 15.04 | 21.47 | 22.43 |
| Total liabilities | 15.33 | 21.13 | 26.43 | 53.99 | 81.86 | 133.11 |
| Fixed assets | 6.06 | 0.13 | 0.12 | 16.03 | 12.67 | 34.93 |
| Capital work in progress | 0 | 7.36 | 9.53 | 1.17 | 6.58 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1.50 | 1.50 |
| Other assets | 9.27 | 13.64 | 16.78 | 36.79 | 61.11 | 96.68 |
Shipwaves Online cash flow
₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Cash from operations | -1.21 | -4.34 | 2.29 | 2.59 | -0.31 | -17.93 |
| Cash from investing | -1.84 | -2.26 | -3.43 | -11.17 | -6.54 | -21.78 |
| Cash from financing | 3.60 | 6.23 | 0.16 | 8.69 | 6.89 | 40.97 |
| Net cash flow | 0.55 | -0.37 | -0.98 | 0.11 | 0.04 | 1.26 |
Working capital
Days
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Debtor days | 39 | 37 | 26 | 26 | 43 | 69 |
| Inventory days | · | · | · | · | · | 0 |
| Cash conversion cycle | 39 | 37 | 26 | 26 | 43 | 69 |
| Working capital days | -26 | 11 | -11 | -3 | 22 | 184 |
Shipwaves Online peers and competitors
Listed SME companies in the same industryBy sales, Shipwaves Online is number 34 of the 50 listed SME companies in transport services.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Marinetrans India | 18 | 29.5 | 127 | 0.6 | 1.3% | 0.36 |
| Oneclick Logistics India | 315 | 110.8 | 115 | 2.8 | 5.1% | 0.12 |
| Cargotrans Maritime | 56 | 11.3 | 111 | 5 | 8.0% | 0.06 |
| Cargosol Logistics | 25 | - | 111 | 0 | 4.9% | 1.23 |
| Sadhav Shipping | 186 | 12.6 | 97.6 | 14.7 | 25.4% | 0.80 |
| Shipwaves Online | 43 | 12.1 | 91.2 | 3.6 | 9.1% | 0.30 |
| Destiny Logistics & Infra | 226 | 66.4 | 79.2 | 3.4 | 4.2% | 0.19 |
| Transvoy Logistics India | 29 | 16.8 | 64.9 | 1.7 | 10.0% | 3.11 |
| Fly-Hi Maritime Travels | 52 | 6.2 | 62 | 8.4 | 20.6% | 0.72 |
| Brace Port Logistics | 70 | 15.8 | 61.6 | 4.4 | 8.3% | 0.01 |
| BLT Logistics | 13 | 3.4 | 56.2 | 3.8 | 17.2% | 0.48 |
| Median of the 10 others | 54 | 15.8 | 88.4 | 3.6 | 8.2% | 0.42 |
Shipwaves Online shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company, a little more than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Shipwaves Online shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Dec 25 | Mar 26 | Jun 26 | |
|---|---|---|---|
| Promoters | 66.79% | 67.36% | 67.40% |
| Number of shareholders | 2,072 | 1,806 | 1,762 |
Shipwaves Online latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹50.2 cr (-20%), net profit -₹0.9 cr (-115%) on H2 FY25.
- Shareholding, 30 June 2026: promoters 67.36% to 67.40%.
- 30 Sept 2026: an order announced.
Shipwaves Online announcements
5 on record, latest first; each opens the filing on the exchange
- Company UpdateIntimation of Compliance Certificate under Reg. 74(5) of SEBI(DP) RegulationsPDF ↗
- AGM/EGMIntimation of Scrutinizer Report and Voting Results of 11th Annual General MeetingPDF ↗
- Company UpdateIntimation of receipt of order from NFACPDF ↗
- Company UpdateIntimation of GST show cause noticePDF ↗
- AGM/EGMIntimation of Proceedings of 11th Annual General MeetingPDF ↗
Shipwaves Online annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Shipwaves Online share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Shipwaves Online's data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (14,14,95,000 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY21 (₹16.00) and FY22 (₹0.07) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY21 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Shipwaves Online
What does Shipwaves Online do?
Shipwaves Online is an SME company listed on BSE SME, in transport services.
What is the share price of Shipwaves Online?
₹3.1 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Shipwaves Online?
₹43 cr at the close on 6 Nov 2026, on 14,14,95,000 shares.
What is the P/E of Shipwaves Online?
12.1 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Shipwaves Online's revenue and profit?
Revenue ₹91 cr and profit after tax ₹4 cr in FY26.
Who are the promoters of Shipwaves Online?
The promoter group; promoters held 67.40% at 30 June 2026.
What is Shipwaves Online's website?
www.shipwaves.com
More SME companies like Shipwaves Online
Other listed SME companies in transport services, the closest in size first, each read from its own documents.
- Pranik LogisticsPRANIK · NSE Emerge · Transport Services · listed 2024Market cap ₹43 cr
- Neptune LogitekNEPLOG · BSE SME · Transport ServicesMarket cap ₹40 cr
- Deccan Transcon LeasingDECCANTRAN · NSE Emerge · Transport Services · listed 2024Market cap ₹39 cr
- Fly-Hi Maritime TravelsFLYHI · BSE SME · Transport ServicesMarket cap ₹52 cr
- Cargotrans MaritimeCARGOTRANS · BSE SME · Transport ServicesMarket cap ₹35 cr
- ARVIND PORT AND INFRAARVINDPORT · NSE Emerge · Transport Services · listed 2023Market cap ₹55 cr
Built from 5 exchange announcements, 3 shareholding patterns and 6 years of reported results. Every figure carries its source; where the documents are silent, the page says so.