Shadowfax Technologies Ltd.

•

shadowfax.inBSE: 544685NSE: SHADOWFAX

Market Cap₹ 14,863 Cr.

Current Price

High / Low₹ 269 / 99

Stock P/E129.0

Book Value₹ 30

Price to Book3.94

Dividend Yield0.00 %

ROCE11.8 %

ROE11.6 %

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 6814.0% YoY, showing strong momentum
Operating margins have improved to 5.2% from -7.0%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.79x)
Company converts assets efficiently - asset turnover of 2.0x

CONS

Company has a low return on equity of 0.1% over last 3 years
A large part of profit comes from other income (31.8% of PBT)
Company has a low return on capital employed of 5.8%
Free cash flow has been persistently negative
Effective tax rate is unusually low at 0.0% - 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	499.80	30.65	38065.66	1.72	268.90	0.61	2159.76	0.28	13.63	20.41
2.	DELHIVERY	438.60	351.36	32864.05	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	253.25	133.05	14862.94	0.00	654.00	6732.86	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	629.05	67.88	11459.23	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	859.95	14.47	6607.09	1.16	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	130.35	88.81	5751.35	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	18.88	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	396.65	102.33	3937.84	0.63	278.30	3048.09	20028.80	1132.85	10.40	5.76
9.	SINDHUTRAD	24.08	47.98	3712.96	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.34	10.91	2665.10	6.09	51.27	-17.56	549.30	-0.21	17.99	21.31
11.	TCIEXP	513.50	23.94	1974.11	1.36	20.49	5.24	313.40	9.29	13.92	10.03
12.	ALLCARGO	12.15	60.66	1819.80	0.00	140.00	241.47	5460.00	43.06	8.70	13.00

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	701	694	796	1,128	1,206	1,324
	680	683	795	1,063	1,127	1,279
Operating Profit	21	11	1	65	79	45
OPM %	2.98%	1.59%	0.11%	5.77%	6.52%	3.41%
	6	7	8	6	16	21
Interest	3	5	3	5	6	7
Depreciation	17	23	22	30	33	37
Profit before Tax	6	-10	9	37	55	66
Tax %	0.00%	-0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	6	-10	9	37	55	66
	0.14	-0.20	0.18	0.72	0.98	1.13

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,415	1,885	2,467	4,080	4,454
	1,523	1,866	2,405	3,866	4,264
Operating Profit	-107	19	62	214	190
OPM %	-7.59%	0.99%	2.52%	5.24%	4.26%
	8	12	30	37	52
Interest	19	14	21	27	22
Depreciation	24	28	64	108	122
Profit before Tax	-143	-12	6	115	167
Tax %	-0.00%	-0.00%	0.00%	0.00%	0.00%
Net Profit	-143	-12	6	115	167
EPS	-1856.00	-495.08	0.41	1.98	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 42%

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:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	152	582
	82	79	130	1,118
	62	11	78	170
Trade Payables	94	145	204	362
	204	550	645	556
Total Liabilities	443	786	1,209	2,788
	83	117	262	520
	60	312	374	405
	0	184	312	499
Cash & Bank	86	103	184	673
	214	70	77	692
Total Assets	443	786	1,209	2,788

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-70	132	50	342
Cash from Investing	-40	-311	-128	-1,087
Cash from Financing	90	200	132	870
	-23	20	53	126

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

499.80

30.65

38065.66

1.72

268.90

0.61

2159.76

0.28

13.63

20.41

DELHIVERY

438.60

351.36

32864.05

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

253.25

133.05

14862.94

0.00

654.00

6732.86

13581.20

1806.32

11.58

6.76

BLACKBUCK

629.05

67.88

11459.23

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

859.95

14.47

6607.09

1.16

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

130.35

88.81

5751.35

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

VRLLOG

231.45

18.88

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

MAHLOG

396.65

102.33

3937.84

0.63

278.30

3048.09

20028.80

1132.85

10.40

5.76

SINDHUTRAD

24.08

47.98

3712.96

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.34

10.91

2665.10

6.09

51.27

-17.56

549.30

-0.21

17.99

21.31

TCIEXP

513.50

23.94

1974.11

1.36

20.49

5.24

313.40

9.29

13.92

10.03

ALLCARGO

12.15

60.66

1819.80

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

694

796

1,128

1,206

1,324

680

683

795

1,063

1,127

1,279

Operating Profit

OPM %

2.98%

1.59%

0.11%

5.77%

6.52%

3.41%

Interest

Depreciation

Profit before Tax

-10

Tax %

0.00%

-0.00%

0.00%

Net Profit

-10

0.14

-0.20

0.18

0.72

0.98

1.13

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,415

1,885

2,467

4,080

4,454

1,523

1,866

2,405

3,866

4,264

Operating Profit

-107

214

190

OPM %

-7.59%

0.99%

2.52%

5.24%

4.26%

Interest

Depreciation

108

122

Profit before Tax

-143

-12

115

167

Tax %

-0.00%

0.00%

Net Profit

-143

-12

115

167

EPS

-1856.00

-495.08

0.41

1.98

—

Dividend Payout %

0.00%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

152

582

130

1,118

170

Trade Payables

145

204

362

204

550

645

556

Total Liabilities

443

786

1,209

2,788

117

262

520

312

374

405

184

312

499

Cash & Bank

103

184

673

214

692

Total Assets

443

786

1,209

2,788

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-70

132

342

Cash from Investing

-40

-311

-128

-1,087

Cash from Financing

200

132

870

-23

126

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