Shiprocket Ltd.
•₹ 140.81-0.59%
2026-08-21
PROS
- Operating margins have improved to -3.4% from -26.0%
- Working capital cycle has improved - days down from 116 to 22
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Company has a low return on equity of -22.4% over last 3 years
- Company has a low return on capital employed of -13.4%
- Receivables are growing faster than sales - a possible quality concern
- Interest coverage is weak at -2.0x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.22x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ETERNAL | 320.20 | 713.64 | 309004.23 | 0.00 | 92.00 | 268.00 | 20211.00 | 182.00 | 3.29 | 2.94 |
| 2. | NYKAA | 327.50 | 366.22 | 93799.73 | 0.00 | 79.76 | 225.95 | 2782.00 | 29.10 | 20.15 | 8.48 |
| 3. | MEESHO | 196.90 | 0.00 | 91038.09 | 0.00 | -1328.35 | -359.07 | 37128.11 | 1382.83 | -78.80 | -6.05 |
| 4. | SWIGGY | 272.40 | 0.00 | 75190.94 | 0.00 | -791.00 | 33.92 | 6812.00 | 37.31 | -27.59 | -9.56 |
| 5. | SHIPROCKET | 143.50 | 0.00 | 10440.74 | 0.00 | — | — | — | — | -3.02 | — |
| 6. | INDIAMART | 1732.85 | 21.12 | 10421.91 | 3.46 | 172.20 | 12.18 | 414.40 | 11.37 | 28.39 | 31.83 |
| 7. | FIRSTCRY | 196.70 | 0.00 | 10269.48 | 0.00 | -43.95 | 33.91 | 2106.23 | 13.08 | -1.65 | 2.83 |
| 8. | IBULLSLTD | 26.51 | 14.74 | 6175.62 | 0.00 | 1410.20 | 53516.67 | 3594.50 | — | 0.00 | 42.82 |
| 9. | MSTCLTD | 707.05 | 21.24 | 4977.63 | 2.22 | 58.22 | 37.50 | 94.24 | 21.71 | 60.68 | 61.36 |
| 10. | ISFT | 84.74 | 10.07 | 138.23 | 0.00 | 4.54 | 10.85 | 139.63 | 8.25 | 6.12 | 3.50 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
No quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 1,089 | 1,316 | 1,632 | 2,024 | |
| 1,372 | 1,609 | 1,692 | 2,094 | |
| Operating Profit | -245 | -252 | -17 | -13 |
| OPM % | -22 | -19 | -1 | -1 |
| Other Income | 38 | 42 | 43 | 56 |
| Interest | 10 | 23 | 22 | 26 |
| Depreciation | 41 | 76 | 35 | 36 |
| -359 | -595 | -74 | -79 | |
| Tax % | -0 | 0 | 0 | 0 |
| Net Profit | -359 | -595 | -74 | -79 |
| EPS | -7,797 | -11,437 | -1,171 | -1 |
| Dividend Payout % | 0 | 0 | 0 | 0 |
| Minority Interest | 22 | 3 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | -29 | -43 | -4 | -1 |
| Minority Interest | 22 | 3 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | -29 | -43 | -4 | -1 |
Mar 2023
- 1,089
- 1,372
- Operating Profit
- -245
- OPM %
- -22
- Other Income
- 38
- Interest
- 10
- Depreciation
- 41
- -359
- Tax %
- -0
- Net Profit
- -359
- EPS
- -7,797
- Dividend Payout %
- 0
- Minority Interest
- 22
- Share of Associates
- 0
- Adjusted EPS
- -29
- Minority Interest
- 22
- Share of Associates
- 0
- Adjusted EPS
- -29
Mar 2024
- 1,316
- 1,609
- Operating Profit
- -252
- OPM %
- -19
- Other Income
- 42
- Interest
- 23
- Depreciation
- 76
- -595
- Tax %
- 0
- Net Profit
- -595
- EPS
- -11,437
- Dividend Payout %
- 0
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- -43
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- -43
Mar 2025
- 1,632
- 1,692
- Operating Profit
- -17
- OPM %
- -1
- Other Income
- 43
- Interest
- 22
- Depreciation
- 35
- -74
- Tax %
- 0
- Net Profit
- -74
- EPS
- -1,171
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
Mar 2026
- 2,024
- 2,094
- Operating Profit
- -13
- OPM %
- -1
- Other Income
- 56
- Interest
- 26
- Depreciation
- 36
- -79
- Tax %
- 0
- Net Profit
- -79
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 23%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -22%
- Last Year:
- -7%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| LIABILITIES | - | - | - | - |
| 0 | 1 | 1 | 636 | |
| 1,466 | 838 | 1,005 | 478 | |
| 172 | 213 | 245 | 242 | |
| Trade Payables | 199 | 202 | 229 | 272 |
| 549 | 797 | 829 | 876 | |
| Total Liabilities | 2,387 | 2,051 | 2,309 | 2,505 |
| ASSETS | - | - | - | - |
| 1,318 | 1,042 | 1,014 | 1,029 | |
| Capital Work in Progress | 5 | 0 | 0 | 0 |
| 26 | 15 | 28 | 16 | |
| 1 | 1 | 2 | 3 | |
| 91 | 117 | 147 | 236 | |
| Cash & Bank | 94 | 253 | 502 | 188 |
| 853 | 623 | 616 | 1,033 | |
| Total Assets | 2,387 | 2,051 | 2,309 | 2,505 |
| Total Debt | 172 | 213 | 245 | 242 |
| Net Working Capital | 410 | 27 | 519 | 124 |
| Contingent Liabilities | 0 | 0 | 0 | 0 |
| Book Value per Share | 33951.39 | 16190.17 | 15813.21 | 17.51 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 172 | 213 | 245 | 242 |
| Net Working Capital | 410 | 27 | 519 | 124 |
| Contingent Liabilities | 0 | 0 | 0 | 0 |
| Book Value per Share | 33951.39 | 16190.17 | 15813.21 | 17.51 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2023
- 0
- 1,466
- 172
- Trade Payables
- 199
- 549
- Total Liabilities
- 2,387
- 1,318
- Capital Work in Progress
- 5
- 26
- 1
- 91
- Cash & Bank
- 94
- 853
- Total Assets
- 2,387
- Total Debt
- 172
- Net Working Capital
- 410
- Contingent Liabilities
- 0
- Book Value per Share
- 33951.39
- Face Value
- 10.00
- Total Debt
- 172
- Net Working Capital
- 410
- Contingent Liabilities
- 0
- Book Value per Share
- 33951.39
- Face Value
- 10.00
Mar 2024
- 1
- 838
- 213
- Trade Payables
- 202
- 797
- Total Liabilities
- 2,051
- 1,042
- Capital Work in Progress
- 0
- 15
- 1
- 117
- Cash & Bank
- 253
- 623
- Total Assets
- 2,051
- Total Debt
- 213
- Net Working Capital
- 27
- Contingent Liabilities
- 0
- Book Value per Share
- 16190.17
- Face Value
- 10.00
- Total Debt
- 213
- Net Working Capital
- 27
- Contingent Liabilities
- 0
- Book Value per Share
- 16190.17
- Face Value
- 10.00
Mar 2025
- 1
- 1,005
- 245
- Trade Payables
- 229
- 829
- Total Liabilities
- 2,309
- 1,014
- Capital Work in Progress
- 0
- 28
- 2
- 147
- Cash & Bank
- 502
- 616
- Total Assets
- 2,309
- Total Debt
- 245
- Net Working Capital
- 519
- Contingent Liabilities
- 0
- Book Value per Share
- 15813.21
- Face Value
- 10.00
- Total Debt
- 245
- Net Working Capital
- 519
- Contingent Liabilities
- 0
- Book Value per Share
- 15813.21
- Face Value
- 10.00
Mar 2026
- 636
- 478
- 242
- Trade Payables
- 272
- 876
- Total Liabilities
- 2,505
- 1,029
- Capital Work in Progress
- 0
- 16
- 3
- 236
- Cash & Bank
- 188
- 1,033
- Total Assets
- 2,505
- Total Debt
- 242
- Net Working Capital
- 124
- Contingent Liabilities
- 0
- Book Value per Share
- 17.51
- Face Value
- 10.00
- Total Debt
- 242
- Net Working Capital
- 124
- Contingent Liabilities
- 0
- Book Value per Share
- 17.51
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -138 | -216 | 2 | 53 | |
| Cash from Investing | -92 | 176 | -144 | 53 |
| Cash from Financing | 110 | -2 | 153 | -45 |
| -121 | -43 | 11 | 61 | |
| Free Cash Flow | -138 | -253 | 2 | 9 |
| OCF / Net Profit | 0.38 | 0.36 | -0.03 | -0.66 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
| OCF / Net Profit | 0.38 | 0.36 | -0.03 | -0.66 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
Mar 2023
- -138
- Cash from Investing
- -92
- Cash from Financing
- 110
- -121
- Free Cash Flow
- -138
- OCF / Net Profit
- 0.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.38
- Cumulative 5-Year FCF
- 0
Mar 2024
- -216
- Cash from Investing
- 176
- Cash from Financing
- -2
- -43
- Free Cash Flow
- -253
- OCF / Net Profit
- 0.36
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.36
- Cumulative 5-Year FCF
- 0
Mar 2025
- 2
- Cash from Investing
- -144
- Cash from Financing
- 153
- 11
- Free Cash Flow
- 2
- OCF / Net Profit
- -0.03
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.03
- Cumulative 5-Year FCF
- 0
Mar 2026
- 53
- Cash from Investing
- 53
- Cash from Financing
- -45
- 61
- Free Cash Flow
- 9
- OCF / Net Profit
- -0.66
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.66
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| PER SHARE | - | - | - | - |
| EPS (₹) | -7796.55 | -11436.54 | -1170.58 | -1.25 |
| Book Value (₹) | 33951.39 | 16190.17 | 15813.21 | 17.51 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -27.67 | 0.00 | -2.32 | -0.68 |
| PROFITABILITY | - | - | - | - |
| Operating Margin % | -25.98% | -22.29% | -3.67% | -3.44% |
| Net Margin % | -33.00% | -45.23% | -4.56% | -3.92% |
| ROE % | -24.50% | -51.63% | -8.07% | -7.48% |
| ROCE % | -18.64% | -33.91% | -3.24% | -3.02% |
| -15.05% | -26.82% | -3.42% | -3.29% | |
| EFFICIENCY | - | - | - | - |
| Debtor Days | 30 | 29 | 30 | 35 |
| Inventory Days | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 4387 |
| 31 | 29 | 30 | -4352 | |
| FINANCIAL HEALTH | - | - | - | - |
| Debt to Equity (x) | 0.11x | 0.24x | 0.23x | 0.22x |
| Interest Coverage (x) | -35.53x | -24.53x | -2.37x | -2.00x |
| 1.69x | 1.04x | 1.71x | 1.14x | |
| GROWTH | - | - | - | - |
| Revenue Growth % | 0.00% | 20.86% | 24.02% | 24.03% |
| Operating Profit Growth % | 0.00% | -2.81% | 93.18% | 22.77% |
| Net Profit Growth % | 0.00% | -65.65% | 87.49% | -6.44% |
| 0.00% | -46.69% | 89.76% | 99.89% | |
| VALUATION | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% |
| -0.56x | -0.07x | 11.48x | -52.07x |
Mar 2023
- EPS (₹)
- -7796.55
- Book Value (₹)
- 33951.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -27.67
- Operating Margin %
- -25.98%
- Net Margin %
- -33.00%
- ROE %
- -24.50%
- ROCE %
- -18.64%
- -15.05%
- Debtor Days
- 30
- Inventory Days
- 0
- Payable Days
- 0
- 31
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- -35.53x
- 1.69x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- -0.56x
Mar 2024
- EPS (₹)
- -11436.54
- Book Value (₹)
- 16190.17
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.00
- Operating Margin %
- -22.29%
- Net Margin %
- -45.23%
- ROE %
- -51.63%
- ROCE %
- -33.91%
- -26.82%
- Debtor Days
- 29
- Inventory Days
- 0
- Payable Days
- 0
- 29
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- -24.53x
- 1.04x
- Revenue Growth %
- 20.86%
- Operating Profit Growth %
- -2.81%
- Net Profit Growth %
- -65.65%
- -46.69%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- -0.07x
Mar 2025
- EPS (₹)
- -1170.58
- Book Value (₹)
- 15813.21
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.32
- Operating Margin %
- -3.67%
- Net Margin %
- -4.56%
- ROE %
- -8.07%
- ROCE %
- -3.24%
- -3.42%
- Debtor Days
- 30
- Inventory Days
- 0
- Payable Days
- 0
- 30
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- -2.37x
- 1.71x
- Revenue Growth %
- 24.02%
- Operating Profit Growth %
- 93.18%
- Net Profit Growth %
- 87.49%
- 89.76%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 11.48x
Mar 2026
- EPS (₹)
- -1.25
- Book Value (₹)
- 17.51
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.68
- Operating Margin %
- -3.44%
- Net Margin %
- -3.92%
- ROE %
- -7.48%
- ROCE %
- -3.02%
- -3.29%
- Debtor Days
- 35
- Inventory Days
- 0
- Payable Days
- 4387
- -4352
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- -2.00x
- 1.14x
- Revenue Growth %
- 24.03%
- Operating Profit Growth %
- 22.77%
- Net Profit Growth %
- -6.44%
- 99.89%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- -52.07x
Documents
Announcements
- Updates
2026-08-19 - Shiprocket Limited has informed the Exchange regarding 'Intimation under Regulation 8(2) of the Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.'
- Updates
2026-08-19 - Shiprocket Limited has informed the Exchange regarding 'Intimation under Regulation 30 (5) of the Securities and Exchange Board of India (Listing Obligations and isclosure Requirements Regulations), 2015 ( Listing Regulations )'.
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.