Shipwaves Online (544646)

Score breakdown: P/E: 3/3 · ROCE: 2/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

Strengths

• Low P/E of 5.36 makes the stock optically inexpensive at ₹61 Cr market cap.
• ROCE of 35.35% suggests efficient use of capital in the recent period.
• Latest quarter is profitable: ₹41 Cr sales and ₹5 Cr net profit, implying a ~12% net margin.
• Small market cap offers potential upside if fundamentals improve and data becomes transparent.

Concerns

• Critical data missing: book value, ROE, debt/equity, promoter holding, and 52-week range.
• Piotroski F-Score of 3/9 points to weak financial health and potential red flags.
• Reported sales growth and profit growth are 0.00%, with no dividend—no growth or income support.
• The cheap P/E may be a value trap if earnings quality or balance sheet strength deteriorates.

AI Analysis

At ₹4.32, Shipwaves Online carries a market cap of just ₹61 crore. To a value investor, the headline numbers look tempting: a P/E of 5.36 and ROCE of 35.35%. But I have learned that cheap can be a trap. The latest quarter shows sales of ₹41 crore and net profit of ₹5 crore, so the business is profitable at present. Yet the lack of book value, ROE, promoter holding, and 52-week range is a serious concern. I cannot assess the balance sheet or management skin in the game. There is no dividend, and reported sales and profit growth are 0.00%. With no growth, this is not a franchise with a moat—it seems like a capital allocator with recent efficiency, but no evidence of durable advantage or expansion. The Piotroski F-score of 3 out of 9 is a warning flag; it tells me the financial health is weaker than the low P/E suggests. I cannot call this a wonderful business at a fair price; it may be a mediocre business at a low price. In Graham's spirit, margin of safety requires more than a cheap multiple—it requires reliable numbers, strong balance sheet, and predictable earnings. Here, too many fields are N/A. Perhaps the reported ROCE and low valuation are enough for a speculator, not for an investor. I would wait for a full annual report, promoter holding, debt figures, and a track record of growth. If the business truly stagnates, this could be a value trap; if quarterly earnings are sustainable and balance sheet is clean, the low price may offer something. But I cannot commit capital based on this insufficient data.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer