- NEGATIVE
Annual Revenue Shipwaves Online Mar-2026 Annual Revenue is Rs 67 Cr which is growth of -13.9% YoY.
- NEGATIVE
Annual Net Profit Shipwaves Online Mar-2026 Annual Net Profit is Rs 2 Cr which is growth of -59.8% YoY.
aboutShipwaves Online Ltd. (operating as Shipway) is a multi-channel courier aggregation and logistics automation platform. It functions as a SaaS-based e-commerce enablement service, helping businesses streamline shipping, tracking, and returns. The ... Read More
3.00-0.03(-0.99%)
30,000
BSE Volume
BSE 30 Oct, 2026 3:31 PM (IST)
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Shipwaves Online Stock Price Analysis
Day Price Range-1.0% 1 Day return | 3 (LTP) 33 LowHigh |
|---|---|
Week Price Range-3.2% 1 Week return | 3 (LTP) 33.2 LowHigh |
Month Price Range-13.0% 1 Month return | 3 (LTP) 33.7 LowHigh |
Competitors/Peers
Annual
Balance Sheet
Ratios
Cash Flow
Documents
Shipwaves Online annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Base Level
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Actual
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YoY & New to Old
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 |
|---|---|---|---|---|---|---|---|---|---|
-1.3% | 9.4% | 66.9 | 77.7 | 65.6 | 69.5 | 57.9 | 42.7 | ||
Operating Exp. Ann. | -2.8% | 7.3% | 60 | 67.2 | 58.5 | 65.3 | 56.6 | 42.1 | |
Operating Profit Ann. | 6.8% | 52.8% | 5 | 10 | 6.6 | 4.1 | 1.3 | 0.6 | |
OPM Ann. % | 8.4% | 39.7% | 7.45% | 12.82% | 10.07% | 5.85% | 2.20% | 1.40% | |
-0.5% | 9% | 65.5 | 72.1 | 61.9 | 66.5 | 57.8 | 42.6 | ||
EBITDA Ann. | 18% | 58% | 6.9 | 10.5 | 7.1 | 4.2 | 1.3 | 0.7 | |
EBITDA Ann. margin % | 18.9% | 46.6% | 10.28% | 13.48% | 10.86% | 6.11% | 2.23% | 1.52% | |
Interest Ann. | 41.5% | 46.7% | 3.4 | 1.7 | 1.8 | 1.2 | 1.2 | 0.5 | |
Depr. | - | - | 2 | 3.1 | 1.6 | 0 | 0 | 0 | |
PBT Ann. | -20.6% | 71.9% | 1.5 | 5.7 | 3.8 | 3 | 0.1 | 0.1 | |
Tax Ann. | - | - | -0.2 | 1.5 | 1 | 0.8 | 0 | 0 | |
-8.2% | 76.2% | 1.7 | 4.2 | 2.8 | 2.2 | 0.1 | 0.1 | ||
Net Profit Ann. | -8.2% | 76.2% | 1.7 | 4.2 | 2.8 | 2.2 | 0.1 | 0.1 | |
NPM Ann. % | -7.1% | 68.6% | 2.59% | 5.43% | 4.29% | 3.23% | 0.11% | 0.19% | |
EPS Adj. latest Ann. | -20.6% | - | 0.1 | 0.3 | 0.2 | 0.2 | 0 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
-13.9%
2Y CAGR
1%
3Y CAGR
-1.3%
5Y CAGR
9.4%
Total Revenue Annual is falling faster than historical averages.
Net Profit Ann.
1Y CHG
-59.5%
2Y CAGR
-22.1%
3Y CAGR
-8.2%
5Y CAGR
76.2%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
-10.7%
2Y CAGR
1.3%
3Y CAGR
-2.8%
5Y CAGR
7.3%
Operating Expenses Annual Cr is falling faster than historical averages.
Shipwaves Online Technical Analysis
Shipwaves Online EMA & SMA
Bearish-8
0 bullish, 8 bearish
Bullish0
Bearish8
| 5 Day | 3.1 |
|---|---|
| 10 Day | 3.1 |
| 12 Day | 3.1 |
| 20 Day | 3.2 |
| 26 Day | 3.2 |
|---|---|
| 50 Day | 3.3 |
| 100 Day | 3.5 |
| 200 Day | 4.1 |
Shipwaves Online Delivery And Volume
Daily Avg. Delivery Volume %
30 Oct, 2026100.0%
Week92.3%
Month78.8%
Shipwaves Online Active Candlesticks
Short Line Uptrend
Legend
Positive IndicatorNeutral IndicatorNegative Indicator
Shipwaves Online Resistance and Support
3.00
Pivot
| First Resistance | 3 |
|---|---|
| Second Resistance | 3 |
| Third Resistance | 3 |
| First Support | 3 |
|---|---|
| Second Support | 3 |
| Third Support | 3 |
| Day RSI | 37.5 |
|---|---|
| Day MACD | -0.1 |
| Day MFI | 41.1 |
| Day MACD Signal Line | -0.1 |
Shipwaves Online Beta
| 1 Month | 0.5 |
|---|---|
| 1 Year | - |
| 3 Month | 1.1 |
|---|---|
| 3 Year | - |
Shipwaves Online Price Change Analysis
↓-13.0%
Over 1 Month
LowHigh
33.7
↓-2.6%
Over 3 Months
LowHigh
2.63.9
↓-29.4%
Over 6 Months
LowHigh
2.64.3
-
Over 1 Year
LowHigh
2.612
Shipwaves Online Deals - Insider, Bulk, Block and SAST
| Client Name | Deal Type | Action | Date | Avg. Price | Quantity | Exchange |
|---|---|---|---|---|---|---|
| ISHAAN TRADEFIN LLP | Bulk | Sell | 12 Jan 2026 | 4.15 | 1,320,000 | BSE |
| ISHAAN TRADEFIN LLP | Bulk | Purchase | 12 Jan 2026 | 4.10 | 190,000 | BSE |
| DEVI TRADERS LLP | Bulk | Sell | 12 Jan 2026 | 4.23 | 2,080,000 | BSE |
| DEVI TRADERS LLP | Bulk | Purchase | 12 Jan 2026 | 4.19 | 1,400,000 | BSE |
| DANISH GAFARBHAI PANJA | Bulk | Purchase | 12 Jan 2026 | 4.49 | 1,080,000 | BSE |
| ISHAAN TRADEFIN LLP | Bulk | Purchase | 07 Jan 2026 | 4.76 | 1,590,000 | BSE |
| ISHAAN TRADEFIN LLP | Bulk | Sell | 07 Jan 2026 | 4.76 | 700,000 | BSE |
| NEO APEX VENTURE LLP | Bulk | Sell | 06 Jan 2026 | 5.01 | 1,510,000 | BSE |
| DEVI TRADERS LLP | Bulk | Purchase | 06 Jan 2026 | 5.01 | 1,900,000 | BSE |
| DEVI TRADERS LLP | Bulk | Sell | 06 Jan 2026 | 5.01 | 700,000 | BSE |
Shipwaves Online Corporate Actions
Shipwaves Online Board Meetings
Shipwaves Online past and upcoming board meetings.
#Ex-Date | Purpose | Notes |
|---|---|---|
101 Sep 2026 | Others | - |
227 Aug 2026 | Proposal of raising of funds | - |
327 May 2026 | Audited Results | - |
Shipwaves Online Corporate Filings
Shipwaves Online BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.
| Date | Announcement Title | Details | Links |
|---|---|---|---|
| 07 Oct 2026 | Shipwaves Online Ltd - 544646 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 | Intimation of Compliance Certificate under Reg. 74(5) of SEBI(DP) Regulations. | |
| 01 Oct 2026 | Shipwaves Online Ltd - 544646 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report | Intimation of Scrutinizer Report and Voting Results of 11th Annual General Meeting. | |
| 30 Sep 2026 | Shipwaves Online Ltd - 544646 - Intimation Of Receipt Of Order From NFAC. | Intimation of receipt of order from NFAC. | |
| 30 Sep 2026 | Shipwaves Online Ltd - 544646 - Intimation Of Receipt Of GST Show Cause Notice. | Intimation of GST show cause notice. | |
| 30 Sep 2026 | Shipwaves Online Ltd - 544646 - Shareholder Meeting / Postal Ballot-Outcome of AGM | Intimation of Proceedings of 11th Annual General Meeting. |
Shipwaves Online - Company Profile
Shipwaves Online Management Structure
Shipwaves Online management structure with salaries, total experience, and qualifications.
Shipwaves Online Board of Directors
Shipwaves Online Board of directors with salaries, total experience, and qualifications.
Website: www.shipwaves.com
About the company - Business Profile
Shipwaves Online Ltd. (operating as Shipway) is a multi-channel courier aggregation and logistics automation platform. It functions as a SaaS-based e-commerce enablement service, helping businesses streamline shipping, tracking, and returns. The company was acquired by Unicommerce eSolutions Ltd. (a subsidiary of AceVector Limited, formerly Snapdeal) in early FY 2024-25, integrating it into a broader suite of e-commerce operations tools alongside Uniware and ConvertWay.
Key Points
- Key Facts:
- Founded: August 06, 2015 (as Shipway Technology Private Limited).
- Headquarters: Gurugram, Haryana, India.
- Parent Company: Unicommerce eSolutions Ltd. (holds 100% stake as of FY25/FY26 updates).
- Stock Listing: Indirectly through its parent Unicommerce eSolutions Ltd. (UNIECOM).
- Operations and Resources:
- Shipway operates as an asset-light SaaS platform with 120+ integrated courier partners.
- It maintains a tech-driven logistics infrastructure that includes ShipSense AI, an automated courier allocation engine.
- Post-acquisition, it has been integrated into the Unicommerce ecosystem to provide end-to-end post-purchase solutions.
- Market and Significance:
- Serves D2C brands, Instagram sellers, and established e-commerce players.
- It operates in a courier aggregation market estimated at approximately ₹4,000 crores.
- Notable clients in the ecosystem include brands like Mamaearth, Boat, and SUGAR Cosmetics.
- Business Model and Core Strengths:
- Business Model: Operates on a SaaS and usage-based model (courier aggregation charges).
- Strengths: Excels in RTO (Return to Origin) reduction, branded tracking, and automated refund/exchange management. It offers a "software-only" option for clients to manage their own courier relationships.
- Revenue and Financials:
- Annualized Revenue Run Rate (ARR): Approximately ₹100 crores as of Q3 FY26, up from ₹71 crores in Q1 FY25.
- Profitability: Turned PAT (Profit After Tax) positive in Q1 FY25 and has maintained profitability through Q3 FY26 following a strategic base-cleaning exercise.
- Revenue Breakdown: Primarily derived from India, with growing contributions from international markets (Middle East and Southeast Asia) where it grows faster than domestic operations.
- Key Products and Technological Advancements:
- Shipway Cargo: Launched in FY26 to handle bulky B2B shipments, warehouse transfers, and quick commerce hub deliveries.
- ShipSense AI: Uses historical data to auto-select the best-fit courier based on cost, speed, and serviceability metrics.
- RTO Suite: Employs fraud detection and address verification to minimize returns.
- Mobile Application: A new app launched in FY26 to support operational workflows for sellers on the move.
- Subsidiaries and Integration:
- Shipway includes ConvertWay, an AI-enabled marketing automation platform focused on pre-purchase customer engagement.
- Strategic Initiatives and Future Outlook:
- Cross-selling: Increasing the overlap between Uniware and Shipway clients (currently at 10%+ cross-sell rate, up from <5% at acquisition).
- Al-First Innovation: Investing in Al capabilities and specialized teams for high-value clients to drive future growth.
- Market Expansion: Targeting unpenetrated segments like social media sellers and international D2C brands.
References