Overview

Detailed Summary

Unicommerce is an Indian SaaS platform that automates end-to-end e-commerce operations for brands, marketplaces and sellers via Uniware (OMS/WMS), Shipway (logistics automation and courier aggregation) and ConvertWay (marketing automation), acting as a system-of-record processing over one billion annual order items and serving more than 7,500 clients across retail, D2C and marketplaces.
Q3 FY26 delivered a sharp inflection: consolidated revenue rose 72.2% YoY to ₹56.4 Cr and adjusted EBITDA grew 51.0% YoY to ₹13.4 Cr, translating to annualised run-rates exceeding ₹225 Cr revenue and ₹53 Cr adjusted EBITDA, signalling accelerating scale and improving operating leverage for Unicommerce.
Unicommerce is explicitly ‘becoming AI-first’, having launched Catalyst AI Voice Agent, UniBot AI Assistant and ShipSense AI within two quarters to embed AI into core workflows; management is prioritising calibrated investments in AI product development and sales capacity to monetise these capabilities across Uniware, Shipway and ConvertWay.
The Shipway acquisition materially changed consolidated mix but has been accretive operationally: Shipway reached an annualised run-rate of ~₹100 Cr in Q3 FY26, remains PAT profitable standalone and presents a large, underpenetrated addressable market for courier aggregation and logistics automation that Unicommerce intends to scale.
Unicommerce processes an estimated 25–30% of India’s dropship volumes (FY25) and reported 110+ enterprise client additions in Q3 FY26, demonstrating broad client adoption, product depth (UniCapture, UniReco, quick commerce and B2B modules) and a declining concentration in top-10 revenue exposure, supporting diversified growth.

Sector: IT - Software
Industry: Computers - Software - Medium / Small
Market Cap: 1,167 Cr
Volatility: Moderate Risk
P/E Ratio: 66.3
Industry P/E: 29.1
PEG Ratio: 2.3
P/B Ratio: 6.6
52W High: 155.90
52W Low: 96.00

Sales CAGR

1Y: 30.13%
3Y: 24.42%
5Y: 28.82%
10Y: —

Profit CAGR

1Y: 34.30%
3Y: 53.37%
5Y: —
10Y: —

ROE

TTM: 10.93%
3Y: 19.33%
5Y: 17.96%
10Y: —

ROCE

TTM: 14.36%
3Y: 23.73%
5Y: 21.63%
10Y: —

Technicals

‌

Forecasts

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AURUM	170.50	1,217 Cr	-49.26	2.51	0.00	-6.53	-0.98	-2.83
GENESYS	288.05	1,199 Cr	30.72	1.75	0.00	8.59	11.67	4.25
EXPLEOSOL	765.55	1,185 Cr	11.17	1.68	6.55	14.79	20.08	11.62
UNIECOM	104.80	1,167 Cr	66.33	6.58	0.00	10.93	14.36	8.08
DSSL	913.00	1,136 Cr	13.84	4.17	0.00	28.93	28.14	9.53
KODYTECH	832.05	1,061 Cr	66.78	19.40	0.00	11.61	16.77	8.98
IZMO	708.00	1,057 Cr	28.50	2.78	0.00	8.30	8.79	7.95

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	26	27	27	29	33	45	45	51	56
Expenses	21	23	23	24	24	37	37	42	45
Operating Profit	4.56	3.63	4.19	5.72	8.33	8.24	8.41	9.13	11
OPM %	17.57	13.68	15.25	19.52	25.44	18.20	18.72	17.77	19.40
Other Income	1.70	1.19	1.55	1.29	1.50	1.06	0.83	0.85	1.22
Interest	0.15	0.17	0.16	0.14	0.13	0.15	0.15	0.20	0.22
Depreciation	0.89	0.86	0.85	0.85	1.14	4.36	3.93	2.00	2.02
Profit Before Tax	5.21	3.80	4.74	6.02	8.56	4.80	5.16	7.79	9.93
Tax %	25.72	24.21	25.95	25.58	26.52	30.21	24.61	25.80	25.58
Net Profit	3.88	2.88	3.51	4.47	6.29	3.35	3.89	5.78	7.39
EPS in Rs	—	—	—	0.36	0.51	0.28	0.31	0.50	0.63

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Sales	104	135
Expenses	89	108
Operating Profit	14	26
OPM %	13.92	19.64
Other Income	5.85	5.41
Interest	0.39	0.58
Depreciation	2.40	7.20
Profit Before Tax	17	24
Tax %	24.96	26.91
Net Profit	13	18
EPS in Rs	—	—
Dividend Payout %	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Equity Capital	5.89	10
Reserves	63	60
Borrowings	7.70	7.70
Other Liabilities	33	150
Total Liabilities	109	228
Fixed Assets	7.93	161
CWIP	0.00	6.31
Investments	6.01	3.61
Other Assets	95	57
Total Assets	109	228

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Cash from Operating Activity	6.17	28
Cash from Investing Activity	-30	-22
Cash from Financing Activity	-1.97	-5.28
Net Cash Flow	-25	0.70

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jan 2024	Aug 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Aug 2025	Sep 2025	Dec 2025
Promoters	72.33%	39.42%	39.42%	39.42%	39.19%	39.19%	37.03%	36.34%	36.02%
FIIs	0.00%	4.00%	2.30%	0.32%	0.42%	0.15%	0.15%	0.25%	0.02%
DIIs	27.67%	23.65%	10.28%	8.06%	7.51%	6.12%	5.79%	5.68%	5.47%
Public	0.00%	32.93%	47.99%	52.20%	52.88%	54.53%	57.04%	57.73%	58.50%
Total Shareholders	18	20,718	1,00,817	1,11,460	1,11,115	1,08,562	1,08,565	1,04,706	1,00,860

Market Transactions

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Projection

Unlock Premium Features

Get In-depth insights on EPS and Revenue forecasts

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Available on Pro Plan