Shadowfax Technologies Ltd.

•

shadowfax.inBSE: 544685NSE: SHADOWFAX

Market Cap₹ 14,965 Cr.

Current Price

High / Low₹ 269 / 99

Stock P/E134.0

Book Value₹ 30

Price to Book3.95

Dividend Yield0.00 %

ROCE11.6 %

ROE11.3 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 6732.9% YoY, showing strong momentum
Operating margins have improved to 5.3% from -7.0%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 5.00x)
Company converts assets efficiently - asset turnover of 2.1x

CONS

Company has a low return on equity of 0.0% over last 3 years
A large part of profit comes from other income (32.6% of PBT)
Company has a low return on capital employed of 5.7%
Free cash flow has been persistently negative
Effective tax rate is unusually low at -0.9% - earnings may be flattered

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesLogisticsLogistics

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	CONCOR	505.80	31.02	38522.64	1.70	268.90	0.61	2159.76	0.28	13.63	20.41
2.	DELHIVERY	451.00	361.29	33793.18	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	255.05	133.96	14964.56	0.00	654.00	6732.86	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	585.40	63.17	10664.07	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	856.45	14.41	6580.20	1.17	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	128.95	87.86	5689.58	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	18.87	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	399.70	103.12	3968.12	0.63	278.30	3048.09	20028.80	1132.85	10.40	5.76
9.	SINDHUTRAD	23.81	47.44	3671.33	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.58	10.96	2677.09	6.07	51.27	-17.56	549.30	-0.21	17.99	21.31
11.	TCIEXP	535.25	24.95	2057.72	1.31	20.49	5.24	313.40	9.29	13.92	10.03
12.	ALLCARGO	12.29	61.36	1840.77	0.00	140.00	241.47	5460.00	43.06	8.70	13.00

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	701	712	824	1,160	1,237	1,358
	680	700	824	1,093	1,156	1,314
Operating Profit	21	12	-0	66	81	44
OPM %	2.97%	1.69%	-0.02%	5.73%	6.55%	3.26%
	6	7	8	6	16	21
Interest	3	5	4	6	6	8
Depreciation	17	24	22	32	35	40
Profit before Tax	6	-10	8	35	55	65
Tax %	0.00%	3.62%	0.00%	0.00%	-1.77%	0.00%
Net Profit	0	0	8	35	56	65
	0.14	-0.20	0.16	0.69	0.95	1.11

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,415	1,885	2,485	4,202	4,578
	1,523	1,866	2,422	3,982	4,387
Operating Profit	-107	19	63	221	192
OPM %	-7.59%	0.99%	2.54%	5.25%	4.19%
	8	12	30	36	51
Interest	19	14	21	29	23
Depreciation	24	28	65	117	129
Profit before Tax	-143	-12	6	111	163
Tax %	-0.00%	-0.00%	-6.11%	-0.88%	-0.59%
Net Profit	-143	-12	6	112	164
EPS	-3.38	-495.08	0.42	1.92	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 44%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 0%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	152	582
	82	79	130	1,114
	62	11	90	179
Trade Payables	94	145	215	380
	204	550	671	576
Total Liabilities	443	786	1,258	2,831
	83	117	329	588
	60	312	329	354
	0	184	329	514
Cash & Bank	86	103	191	679
	214	70	80	697
Total Assets	443	786	1,258	2,831

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-70	132	50	350
Cash from Investing	-40	-311	-119	-1,091
Cash from Financing	90	200	130	863
	-23	20	61	122

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jan 2026	Mar 2026	Jun 2026
	16.71	16.59	16.51
	9.22	7.65	8.78
	16.38	20.64	19.10
Government	0.00	0.00	0.00
	57.69	55.12	55.61

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

ESOP/ESOS/ESPS

2026-09-10 - Shadowfax Technologies Limited has informed the Exchange regarding Allotment of 1,57,314 Shares of Rs. 10/- each to the eligible employees/ESOP holders.

2026-09-03

Press Release

2026-09-03 - Shadowfax Technologies Limited has informed the Exchange regarding a press release dated September 03, 2026, titled "Shadowfax Expands Shadowfax 360 with Channel Partner Network; Targets 1,000 Partners over Three Years".

2026-08-28

Options to purchase securities

2026-08-28 - Shadowfax Technologies Limited has informed the Exchange about grant of Employee Stock Options under Shadowfax Technologies Limited- Employee Stock Option Plan - 2016

2026-08-27

ESOP/ESOS/ESPS

2026-08-27 - Shadowfax Technologies Limited has informed the Exchange regarding Allotment of 1,69,338 Shares of Rs. 10/- each to the eligible employees/ESOP holders.

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Shadowfax Technologies Limited has informed the Exchange about Copy of Newspaper Advertisement published in connection with Notice of 11th Annual General Meeting and E-Voting information

2026-08-24

Updates

2026-08-24 - Shadowfax Technologies Limited has informed the Exchange about letter providing a web link of the Annual Report for the Financial year 2025-26, is being sent to those shareholders who have not registered their email address with the Depositories.

2026-08-24

Shareholders meeting

2026-08-24 - Shadowfax Technologies Limited has informed the Exchange regarding Notice of the 11th Annual General Meeting ("AGM") and Annual Report of the Company to be held on September 18, 2026

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Shadowfax Technologies Limited has informed the Exchange about Schedule of Investors Conference / Analyst Meet

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Shadowfax Technologies Limited has informed the Exchange about Schedule of Investors Conference / Analyst Meet

News

Recent coverage and analyst commentary for SHADOWFAX

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Shadowfax Technologies Ltd.

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Free 5nance Account

Name

CONCOR

505.80

31.02

38522.64

1.70

268.90

0.61

2159.76

0.28

13.63

20.41

DELHIVERY

451.00

361.29

33793.18

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

255.05

133.96

14964.56

0.00

654.00

6732.86

13581.20

1806.32

11.58

6.76

BLACKBUCK

585.40

63.17

10664.07

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

856.45

14.41

6580.20

1.17

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

128.95

87.86

5689.58

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

VRLLOG

231.45

18.87

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

MAHLOG

399.70

103.12

3968.12

0.63

278.30

3048.09

20028.80

1132.85

10.40

5.76

SINDHUTRAD

23.81

47.44

3671.33

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.58

10.96

2677.09

6.07

51.27

-17.56

549.30

-0.21

17.99

21.31

TCIEXP

535.25

24.95

2057.72

1.31

20.49

5.24

313.40

9.29

13.92

10.03

ALLCARGO

12.29

61.36

1840.77

0.00

140.00

241.47

5460.00

43.06

8.70

13.00

Dec 2024

Mar 2025

Jun 2025

Dec 2025

Mar 2026

Jun 2026

701

712

824

1,160

1,237

1,358

680

700

824

1,093

1,156

1,314

Operating Profit

-0

OPM %

2.97%

1.69%

-0.02%

5.73%

6.55%

3.26%

Interest

Depreciation

Profit before Tax

-10

Tax %

0.00%

3.62%

0.00%

-1.77%

0.00%

Net Profit

0.14

-0.20

0.16

0.69

0.95

1.11

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,415

1,885

2,485

4,202

4,578

1,523

1,866

2,422

3,982

4,387

Operating Profit

-107

221

192

OPM %

-7.59%

0.99%

2.54%

5.25%

4.19%

Interest

Depreciation

117

129

Profit before Tax

-143

-12

111

163

Tax %

-0.00%

-6.11%

-0.88%

-0.59%

Net Profit

-143

-12

112

164

EPS

-3.38

-495.08

0.42

1.92

—

Dividend Payout %

0.00%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

152

582

130

1,114

179

Trade Payables

145

215

380

204

550

671

576

Total Liabilities

443

786

1,258

2,831

117

329

588

312

329

354

184

329

514

Cash & Bank

103

191

679

214

697

Total Assets

443

786

1,258

2,831

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-70

132

350

Cash from Investing

-40

-311

-119

-1,091

Cash from Financing

200

130

863

-23

122

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jan 2026

Mar 2026

Jun 2026

16.71

16.59

16.51

9.22

7.65

8.78

16.38

20.64

19.10

Government

0.00

57.69

55.12

55.61

Shadowfax Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Shadowfax Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI