Shipwaves Online Limited - internet in Mangalore, Karnataka, India. FY 2026 financials & compliance.
CIN L74900KA2015PLC079072 Incorporated 27 February 2015 ROC Bangalore HQ Mangalore, Karnataka, India
Active Listed - BSE: 544646 Public Limited Company internet MSME · Medium
Data last updated
Market Cap
₹43.86 Cr
SHIPWAVES · BSE
Share Price
₹3.10
0.00% today
Revenue
₹91.17 Cr
FY 2025-26 · -15.8% YoY
EBITDA
₹8.28 Cr
Margin 9.1%
Net Profit
₹3.58 Cr
FY 2025-26 · -68.8% YoY
P/E (TTM)
12.3x
P/B 0.5x
Authorised capital
₹29 Cr
Registered with MCA
Paid-up capital
₹14.15 Cr
Issued & subscribed

About Shipwaves Online Limited

Data last updated:

Shipwaves Online Limited is a public limited company based in Mangalore, Karnataka, India. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 27 February 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L74900KA2015PLC079072. Its GSTIN is 29AAVCS4771J1ZE (Karnataka). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544646.

The company has an authorised share capital of ₹29 Cr and a paid-up capital of ₹14.15 Cr. It was formerly known as Shipwaves Online Private Limited. It is led by directors including Bibi Hajira (Whole-Time Director) and Mohammed Sahim Haris (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 18 – 2 – 16/4(3) 3rd Floor Mukka Corporate House 1st Cross Attavara, Mangalore, Karnataka, India – 575001.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹91.17 Cr, a decline of 15.8% compared to the previous year. For the same year it recorded a net profit of ₹3.58 Cr (net margin 3.9%) and EBITDA of ₹8.28 Cr (EBITDA margin 9.1%). The net worth stands at ₹85.19 Cr (up 229.3% YoY). Total assets are valued at ₹113.44 Cr (up 82% YoY).

The company has about 25 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: ShipWaves. As per MCA filings, the company has open charges of ₹24.95 Cr and satisfied charges of ₹25.22 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 6 deals on record (4 secondary share transfers, 1 funding round, 1 ipo), with disclosed funding of ₹9.4 Cr; the latest was in December 2025. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 26 overdue payments to 16 micro and small suppliers.

Shipwaves Online Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-11-0001471). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shipwaves.com.

Company details

CIN L74900KA2015PLC079072
Registration Number 079072
Incorporation Date 27 February 2015
ROC Bangalore
Listing Status Listed - Listed on BSE (544646)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-11-0001471

CIN history

Shipwaves Online has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74900KA2015PLC079072, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L74900KA2015PLC079072Current
U74900KA2015PTC079072Previous
U74900KA2015PLC079072Previous

Recognitions & Rankings of Shipwaves Online

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-KR-11-0001471

Contact details

Shipwaves Online Limited's registered office is in Mangalore, Karnataka.

  • Social Media
  • Apps
  • Registered Address
    18 – 2 – 16/4(3) 3rd Floor Mukka Corporate House 1st Cross Attavara, Mangalore, Karnataka, India – 575001
  • Industry
    Internet, Online Service Marketplaces
Comprehensive company report
Shipwaves Online Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Shipwaves Online operates one associated brand: ShipWaves. Each brand links to its own profile.

BrandDescriptionWebsite
Provides digital platforms for freight forwarding and enterprise logistics solutions.shipwaves.com

Business activity

The main business activity of Shipwaves Online is transport and storage. In detail, this covers services incidental to land, water & air transportation.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
HTransport and storageH5Services incidental to land, water & air transportation

To see the full business activity and turnover split of Shipwaves Online Limited, buy the company report.

Financials of Shipwaves Online Limited

FY 2025-26 filings available

Shipwaves Online Limited reported revenue of ₹91.17 Cr (down 15.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹91.17 Cr
-15.8% YoY
EBITDA
₹8.28 Cr
-56.3% YoY
Profit After Tax
₹3.58 Cr
-68.8% YoY
Net Worth
₹85.19 Cr
+229.3% YoY
Total Assets
₹113 Cr
+82.0% YoY
Total Debt
₹25.49 Cr
-26.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue91.1710896.71
Revenue growth-15.8%+12.0%-
EBITDA8.2818.9611.04
EBITDA margin+9.1%+17.5%+11.4%
Profit before tax3.7613.677.25
Net profit3.5811.475.84
Net profit margin+3.9%+10.6%+6.0%
EPS (₹)0.331.150.62
Balance sheet
Total assets11362.3239.45
Net worth85.1925.8714.82
Total debt25.4934.5224.13
Cash & bank8.503.523.22
Net working capital76.7341.5322.37
Cash flow
Cash from operations(17.93)(0.31)2.59
Cash from investing(21.78)(6.54)(11.17)
Cash from financing40.976.898.69
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue65.0177.2165.0969.3157.8742.66
Revenue growth-15.8%+18.6%-6.1%+19.8%+35.7%-
EBITDA4.989.966.604.071.270.60
EBITDA margin+7.7%+12.9%+10.1%+5.9%+2.2%+1.4%
Profit before tax1.455.663.753.050.100.13
Net profit1.694.182.802.250.070.09
Net profit margin+2.6%+5.4%+4.3%+3.3%+0.1%+0.2%
EPS (₹)0.160.440.300.240.0116.80
Balance sheet
Total assets97.1649.9831.2622.1518.5711.05
Net worth71.3016.0311.849.046.80(2.67)
Total debt25.4933.6619.2213.1111.7713.71
Cash & bank7.033.263.011.491.080.63
Net working capital69.4033.2320.8112.4210.214.07
Cash flow
Cash from operations(25.92)(3.45)(0.45)2.29(4.34)(1.21)
Cash from investing(16.02)(7.90)(3.98)(3.43)(2.26)(1.84)
Cash from financing41.9911.354.320.166.233.60

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue91.1710896.71
Revenue growth-15.8%+12.0%-
Other income1.700.370.57
Total expenses82.8989.3285.67
Employee cost0.007.137.14
EBITDA8.2818.9611.04
EBITDA margin+9.1%+17.5%+11.4%
Depreciation2.652.162.02
Interest3.573.502.34
Profit before tax3.7613.677.25
Tax(0.10)1.480.96
Net profit3.5811.475.84
Net profit margin+3.9%+10.6%+6.0%
EPS (₹)0.331.150.62
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital14.159.459.45
Reserves & surplus71.0416.425.37
Shareholders' funds (net worth)85.1925.8714.82
Minority interest1.931.650.28
Secured loans17.3125.5319.05
Unsecured loans8.188.995.08
Total debt25.4934.5224.13
Total liabilities11362.3239.45
Assets
Gross block41.8017.2418.88
Net block34.4712.6716.03
Capital work in progress0.466.581.17
Investments1.501.500.00
Inventories0.000.000.00
Sundry debtors17.1112.786.84
Cash & bank balances8.503.523.22
Loans & advances70.8044.7226.73
Total current assets96.4161.0236.79
Total current liabilities19.6819.4914.42
Net working capital76.7341.5322.37
Total assets11362.3239.45
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash0.260.210.11
Net cash from operating activities(17.93)(0.31)2.59
Net cash from investing activities(21.78)(6.54)(11.17)
Net cash from financing activities40.976.898.69
Net change in cash1.260.040.10
Closing cash8.503.523.22
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth-15.8%+12.0%-
EBITDA growth-56.3%+71.7%-
PBT growth-72.5%+88.6%+9997.0%
Net income growth-68.8%+96.4%-
Profitability & leverage
Net income margin+4.2%+11.3%+6.5%
Return on capital employed-+34.4%+24.5%
Return on net worth-+60.0%+42.4%
Debt / equity-1.441.63
Long-term debt / equity-0.180.28
Interest cover63.4120.8325.94
Efficiency & per share
Fixed asset turnover-6.005.12
Inventory turnover-0.000.00
Debtors turnover-11.0414.14
EPS (₹)0.331.150.62
Dividend per share (₹)0.000.000.00
Book value per share (₹)0.002.741.57
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue65.0177.2165.0969.3157.8742.66
Revenue growth-15.8%+18.6%-6.1%+19.8%+35.7%-
Other income1.900.510.520.180.090.05
Total expenses60.0367.2558.4965.2456.6042.06
Employee cost0.001.401.301.341.271.43
EBITDA4.989.966.604.071.270.60
EBITDA margin+7.7%+12.9%+10.1%+5.9%+2.2%+1.4%
Depreciation2.011.711.580.030.030.03
Interest3.423.101.791.171.230.49
Profit before tax1.455.663.753.050.100.13
Tax(0.24)1.480.950.800.030.04
Net profit1.694.182.802.250.070.09
Net profit margin+2.6%+5.4%+4.3%+3.3%+0.1%+0.2%
EPS (₹)0.160.440.300.240.0116.80
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital14.159.459.459.459.450.05
Reserves & surplus57.156.582.39(0.41)(2.65)(2.72)
Shareholders' funds (net worth)71.3016.0311.849.046.80(2.67)
Secured loans17.3125.5319.0513.027.356.48
Unsecured loans8.188.130.170.094.427.23
Total debt25.4933.6619.2213.1111.7713.71
Total liabilities97.1649.9831.2622.1518.5711.05
Assets
Gross block29.1010.209.310.410.406.29
Net block23.506.617.430.120.146.06
Capital work in progress0.466.581.179.537.360.00
Investments3.523.522.020.000.000.00
Inventories0.000.000.000.000.000.00
Sundry debtors17.0319.7012.804.885.934.59
Cash & bank balances7.033.263.011.491.080.63
Loans & advances61.8324.8114.6110.335.763.13
Total current assets85.8947.7730.4216.7012.778.35
Total current liabilities16.4914.549.614.282.564.28
Net working capital69.4033.2320.8112.4210.214.07
Total assets97.1649.9831.2622.1518.5711.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash0.000.000.111.080.630.08
Net cash from operating activities(25.92)(3.45)(0.45)2.29(4.34)(1.21)
Net cash from investing activities(16.02)(7.90)(3.98)(3.43)(2.26)(1.84)
Net cash from financing activities41.9911.354.320.166.233.60
Net change in cash0.050.00(0.11)(0.97)(0.37)0.55
Closing cash7.033.263.011.491.080.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth-15.8%+18.6%-6.1%+19.8%+35.7%-
EBITDA growth-50.0%+50.9%+62.2%+220.5%+111.7%-
PBT growth-74.4%+50.9%+23.0%+2950.0%-23.1%+9997.0%
Net income growth-59.6%+49.3%+24.4%+3114.3%-22.2%-
Revenue CAGR (3Y)-2.1%+10.1%+15.1%---
EBITDA CAGR (3Y)+7.0%+98.7%+122.4%---
Profitability & leverage
Net income margin+2.6%+5.4%+4.3%+3.3%+0.1%+0.2%
Return on capital employed-+21.6%+20.6%+19.2%+7.6%+4.4%
Return on net worth-+30.1%+26.3%+23.7%+1.5%+160.0%
Debt / equity-1.901.551.576.170.00
Long-term debt / equity-0.110.010.282.820.00
Interest cover115.1537.5835.6628.9699.1985.96
Efficiency & per share
Fixed asset turnover-7.9113.39171.1417.306.78
Inventory turnover-0.000.000.000.000.00
Debtors turnover-4.757.3612.8211.009.29
EPS (₹)0.160.440.300.240.0116.80
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)0.001.701.250.960.72(533.62)

To see the full year-wise statements and ratios of Shipwaves Online Limited, buy the company report.

Board of directors of Shipwaves Online Limited

Shipwaves Online has 8 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kalandan Mohammed HarisDirector27 Feb 201511 Years 7 MonthsCurrent
Kalandan Mohammed AlthafDirector27 Feb 201511 Years 7 MonthsCurrent
Bibi HajiraWhole-Time Director27 Feb 201511 Years 7 MonthsCurrent
Kalandan Mohammad ArifDirector24 Jan 20251 Years 9 MonthsCurrent
Karkala Shankar Balachandra RaoDirector24 Jan 20251 Years 9 MonthsCurrent
Narendra Surendra KamathDirector24 Jan 20251 Years 9 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Charges & borrowings

Open charges
₹24.95 Cr
Satisfied charges
₹25.22 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹18.60 Cr
Others₹5.00 Cr
Axis Bank Limited₹1.35 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Jul 2026101351518Hdfc Bank Limited₹1.6 CrOpen
30 Jun 2026101351514Hdfc Bank Limited₹5 CrOpen
31 Jul 2024100962212Others₹5 CrOpen
31 Oct 2023100817411Axis Bank Limited₹1.35 CrOpen
15 May 2020100337268Hdfc Bank Limited₹12 CrOpen

To see the full charge records of Shipwaves Online Limited, buy the company report.

Total charge records: 10 View all charges

Deals & funding

Shipwaves Online Limited has 6 deals on record (4 secondary share transfers, 1 funding round, 1 ipo), with disclosed funding of ₹9.4 Cr; the latest was in December 2025.

Total deals
6
Secondary share transfers
4
Funding round
1
IPO
1
Disclosed funding
₹9.4 Cr

Deals on record (5 of 6)

WhenDealAmountParties
Dec 2025IPO₹56.35 CrInvestors: Public Market Investors
Mar 2022Funding round₹9.4 CrInvestors: 4 individuals
Feb 2021Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Feb 2019Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Sep 2016Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 2 individuals

To see the full deal history of Shipwaves Online Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Shipwaves Online Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 26 overdue payments to 16 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 16)

SupplierAmount dueDue sinceReported on
Global Logistics Solutions India Private Limited
Fredrick Exim LLP
Asian Worldwide Services (India) Private Limited
Regent Logicare Private Limited
Cargo Consolidators India Private Limited

To see the full MSME payment records of Shipwaves Online Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Shipwaves Online has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
29AAVCS4771J1ZEKarnatakaActive01 Jul 2017
27AAVCS4771J2ZHMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Shipwaves Online Limited, buy the company report.

Recent activity

Shipwaves Online Limited has 12 board changes on record since 2015: 8 appointments and 4 cessations. The latest: Hamad Bava was appointed as Director on 24 Jan 2025.

Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.60 Cr with Charge ID 101351518 was registered on 14 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.00 Cr with Charge ID 101351514 was registered on 30 Jun 2026.
Charges
A charge registered on 27 Feb 2025 via Charge ID 101062928 with Axis Bank Limited was fully satisfied on 30 Jun 2026.
Charges
A charge registered on 11 Jun 2025 via Charge ID 101109259 with Others was fully satisfied on 15 Apr 2026.
Filing
Shipwaves Online Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
AGM
Shipwaves Online Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 28 Dec 2023 via Charge ID 100850641 with Others was fully satisfied on 30 Jun 2025.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101109259 was registered on 11 Jun 2025.
Charges
A charge registered on 22 Oct 2021 via Charge ID 100509261 with Others was fully satisfied on 25 Apr 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 7.50 Cr with Charge ID 101062928 was registered on 27 Feb 2025.
Appointed
Hamad Bava was appointed as Director.
Appointed
Kalandan Mohammad Arif was appointed as Director.

21 earlier events are in the company report.

Frequently asked questions

Shipwaves Online is an active public limited company based in Mangalore, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 27 February 2015 (11+ years old) and is registered under CIN L74900KA2015PLC079072. Listed on BSE: 544646.

Shipwaves Online reported revenue of ₹91.17 Cr for FY 2025-26 (down 15.8% YoY) based on consolidated financials.

Shipwaves Online has 8 current directors:

The latest financial statements of Shipwaves Online on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Shipwaves Online is 29AAVCS4771J1ZE, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAVCS4771J2ZH (Maharashtra).

The CIN (Corporate Identification Number) of Shipwaves Online is L74900KA2015PLC079072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Shipwaves Online is a listed company as per MCA records. Its shares are listed on BSE (code: 544646).

Shipwaves Online has 3 court cases on record: 3 filed by the company. 1 is pending.

Shipwaves Online was incorporated on 27 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.

Shipwaves Online has 6 deals on record (4 secondary share transfers, 1 funding round, 1 ipo), with disclosed funding of ₹9.4 Cr; the latest was in December 2025.

Hamad Bava was appointed as Director on 24 Jan 2025. Kalandan Mohammad Arif was appointed as Director on 24 Jan 2025. Karkala Shankar Balachandra Rao was appointed as Director on 24 Jan 2025. Shipwaves Online has 12 board changes on record in total.