Shadowfax Technologies Ltd
Incorporated in June 2016, Shadowfax Technologies Ltd is a logistics solution provider company in India.[1]
- Market Cap ₹ 11,179 Cr.
- Current Price ₹ 191
- High / Low ₹ 212 / 98.6
- Stock P/E 97.1
- Book Value ₹ 30.0
- Dividend Yield 0.00 %
- ROCE 9.66 %
- ROE 9.56 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 22.4% CAGR over last 5 years
Cons
- Stock is trading at 6.37 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 16.6%
- Tax rate seems low
- Company has a low return on equity of 5.62% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 323 | 464 | 991 | 1,415 | 1,885 | 2,467 | 4,080 | |
| 413 | 609 | 1,143 | 1,523 | 1,866 | 2,412 | 3,875 | |
| Operating Profit | -90 | -145 | -152 | -107 | 19 | 55 | 205 |
| OPM % | -28% | -31% | -15% | -8% | 1% | 2% | 5% |
| 10 | 24 | 7 | 8 | 12 | 30 | 37 | |
| Interest | 2 | 2 | 9 | 19 | 14 | 14 | 18 |
| Depreciation | 5 | 10 | 21 | 24 | 28 | 64 | 108 |
| Profit before tax | -87 | -133 | -176 | -143 | -12 | 6 | 115 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| -87 | -133 | -176 | -143 | -12 | 6 | 115 | |
| EPS in Rs | -3,770.03 | -5,787.46 | -7,637.47 | -6,185.60 | -493.97 | 0.41 | 1.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 42% |
| TTM: | 65% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 41% |
| TTM: | 1755% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -10% |
| 3 Years: | 6% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.23 | 0.23 | 0.23 | 0.23 | 0.24 | 152 | 582 |
| Reserves | 405 | 296 | 152 | 171 | 172 | 509 | 1,166 |
| 6 | 10 | 98 | 66 | 281 | 122 | 234 | |
| 58 | 132 | 201 | 206 | 333 | 426 | 806 | |
| Total Liabilities | 468 | 439 | 452 | 443 | 786 | 1,209 | 2,788 |
| 20 | 50 | 60 | 83 | 118 | 262 | 520 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 290 | 169 | 58 | 60 | 312 | 374 | 405 |
| 158 | 219 | 334 | 300 | 356 | 573 | 1,863 | |
| Total Assets | 468 | 439 | 452 | 443 | 786 | 1,209 | 2,788 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -106 | -113 | -132 | -73 | 132 | 50 | 342 | |
| -244 | 122 | 130 | -40 | -320 | -128 | -1,087 | |
| 367 | -0 | 72 | 90 | 209 | 132 | 870 | |
| Net Cash Flow | 17 | 9 | 69 | -23 | 20 | 53 | 126 |
| Free Cash Flow | -115 | -133 | -163 | -120 | 70 | -34 | 158 |
| CFO/OP | 112% | 77% | 76% | 65% | 661% | 65% | 179% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 41 | 26 | 40 | 36 | 46 | 45 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 49 | 41 | 26 | 40 | 36 | 46 | 45 |
| Working Capital Days | 17 | -4 | -23 | -15 | -27 | 33 | 8 |
| ROCE % | -43% | -61% | -53% | -2% | 3% | 10% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Average Quarterly Unique Transacting Delivery Partners number |
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| Express Orders million |
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| Hyperlocal Orders million |
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| Network Touchpoints number |
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| Pin Code Reach number |
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| Total Orders million |
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| Express Market Share percentage |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Shadowfax submitted FY26 Annual Secretarial Compliance Report; no non-compliances reported.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 May
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 May
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 May - Q4 FY26 call: revenue above Rs 4,200 crore, PAT Rs 112 crore; Amazon Now start, 100 dark stores.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 18 May
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
Business Profile[1]
Shadowfax is a technology-led third-party logistics (3PL) company focused on enabling digital commerce in India. It provides end-to-end express logistics and large-scale hyperlocal delivery through a proprietary tech platform and a nationwide asset-light network, serving e-commerce, quick commerce, food delivery, and mobility platforms, and positions itself as a full-stack last-mile and mid-mile logistics enabler.