Shiprocket Limited

NSE: SHIPROCKET · Logistics Solution Provider

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52W Range₹117 – ₹157

Snapshot

Unlock Shiprocket Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Shiprocket Limited is an end-to-end, merchant-first technology platform that enables e-commerce transactions for micro, small, and medium enterprises and large retailers in India. The company operates as a horizontal enablement platform simplifying logistics, checkout, payments, fulfilment, and cross-border trade.

Business Model

The company monetises through its Core Business by providing domestic shipping aggregation, order tracking, and weight discrepancy intelligence, alongside an Emerging Business segment offering cargo services, cross-border shipping, marketing solutions, and capital services.

Growth Outlook

Growth is driven by the expansion of direct-to-consumer e-commerce in India, increased adoption of merchant solutions, and scaling of emerging services such as cross-border trade, marketing solutions, and hyperlocal deliveries.

Key Risks

  • Intense Competition. The e-commerce enablement and logistics sector faces intense competition from alternative tech platforms and traditional logistics providers.
  • Logistics Partner Dependency. Reliance on third-party logistics aggregators and carriers poses potential risks to service reliability and margin stability.
  • E-commerce Market Volatility. Fluctuations in overall digital commerce volumes and merchant retention can directly impact transaction-led revenues.

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Peers · Logistics Solution Provider

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Shiprocket LimitedSHIPROCKET
₹9,257 Cr———-3.3%———
Blue Dart Express Ltd.BLUEDART
₹11,388 Cr37.1710.679.2%16.7%17.2%19.6%-21.3%
Transport Corporation of India LimitedTCI
₹6,368 Cr14.7311.309.6%11.4%19.5%16.6%-26.7%
TVS Supply Chain Solutions LimitedTVSSCS
₹5,845 Cr87.967.2716.9%7.4%3.6%8.2%+1.7%
VRL LogisticsVRLLOG
₹5,155 Cr18.677.905.6%21.1%24.0%20.5%+4.1%
Afcom HoldingsAFCOM
₹4,210 Cr———40.0%——+68.4%

As of Mar 2026

Financials