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Employees: 1,470
Size Shiprocket (SHIPROCKET.NS) is an India Information Technology company (Packaged Software) with a market value of $963M, the 607th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹125.04 on 6 Nov 2026.
Growth Revenue grew 24.0% over the last twelve months (peer median +8.9%); the operating margin is -5.1% (peer median 3.8%).
Valuation It trades at 4.5× enterprise value to sales against a peer median of 3.7× (9th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 56% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is +33 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 20.9 points below its cost of capital (15.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | ₹20.2B | ₹16.3B | ₹13.2B | ₹10.9B |
| Revenue growth | — | +24% | +24% | +21% | — |
| Gross profit | n/a | ₹593M | ₹315M | -₹2.34B | -₹1.74B |
| EBITDA | n/a | -₹661M | -₹599M | -₹2.94B | -₹2.83B |
| Net income | n/a | -₹792M | -₹744M | -₹5.92B | -₹3.37B |
| Free cash flow | n/a | ₹883M | ₹25.4M | -₹2.11B | -₹1.46B |
| Capital expenditure | n/a | ₹182M | ₹65.8M | ₹245M | ₹313M |
| Total debt | n/a | ₹3.45B | ₹3.35B | ₹3.16B | ₹2.71B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SHIPROCKET.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.1% | +2.9% | 6th lowest of 21 |
| Distance from 52-week high | -20.3% | -43.1% | 2nd highest of 21 |
| Revenue growth (TTM) | +24.0% | +8.9% | 4th highest of 21 |
| Operating margin | -5.1% | 3.8% | 6th lowest of 21 |
| EV / Sales | 4.5× | 3.7× | 9th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 56.2% | 17.7% | most demanding of 10 |
| Growth delivered (Del g) | +23.0% | +10.9% | 3rd highest of 10 |
| Hurdle (Req g minus delivered) | +33.3 pp | -0.4 pp | most demanding of 10 |
| ROIC minus cost of capital | -20.9 pp | -4.6 pp | 2nd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shiprocket SHIPROCKET.NS | India | $963M | n/a | +24% | -5% | 4.5× | 56.2% | +23.0% |
| Kakao Games 293490.KS | South Korea | $962M | +3% | -21% | -27% | 4.0× | n/a | n/a |
| Nexwise Intelligence China 301248.SZ | China | $967M | -47% | +11% | 13% | 11.1× | n/a | n/a |
| Chengdu Information Technology of Chinese Academy of Sciences 300678.SZ | China | $969M | -24% | +100% | 0% | 6.3× | n/a | n/a |
| GuoChuang Software 300520.SZ | China | $955M | -40% | -14% | -12% | 5.1× | n/a | n/a |
| Shandong Extreme Vision Technology 6636.HK | Hong Kong | $939M | -34% | +14% | -19% | 21.5× | n/a | n/a |
| Beijing CTJ Information Technology 301153.SZ | China | $939M | -15% | +23% | 15% | 5.3× | 17.7% | +7.0% |
| Guotai Epoint Software 688232.SS | China | $932M | -13% | -9% | 0% | 1.7× | 29.4% | -3.0% |
| ODDITY Tech ODD | United States | $931M | +36% | -10% | -1% | 1.9× | n/a | n/a |
| Playtika PLTK | United States | $931M | -33% | +6% | 17% | 1.1× | -16.4% | +3.0% |
| Birlasoft BSOFT.NS | India | $998M | -7% | +4% | 15% | 1.3× | 7.9% | +8.4% |
| Hangzhou Raycloud Technology 688365.SS | China | $926M | -27% | +14% | -1% | 10.2× | n/a | n/a |
| BZS (Beijing) Technology Development 603082.SS | China | $925M | +9% | +22% | 6% | 2.2× | 19.0% | +13.7% |
| Tuya 2391.HK | Hong Kong | $1.00B | -33% | +7% | 5% | n/a | n/a | n/a |
| Dmall 2586.HK | Hong Kong | $922M | +8% | +19% | 7% | 2.7× | 6.6% | +34.6% |
| Asiainfo Security Technologies 688225.SS | China | $917M | -4% | -4% | -7% | 1.6× | n/a | n/a |
| N-able NABL | United States | $914M | -1% | +10% | 3% | 2.3× | 26.5% | +10.9% |
| Tier IV 593A.T | Japan | $913M | n/a | +66% | -164% | 21.4× | n/a | n/a |
| ZoomInfo Technologies GTM | United States | $1.02B | -45% | +3% | 23% | 1.9× | -9.7% | +21.3% |
| RateGain Travel Technologies RATEGAIN.NS | India | $910M | +15% | +114% | 15% | 3.7× | 32.4% | +48.7% |
| Suzhou MedicalSystem Technology 603990.SS | China | $1.04B | +44% | -15% | 5% | 23.0× | n/a | n/a |