Shadowfax Technologies Ltd
Incorporated in June 2016, Shadowfax Technologies Ltd is a logistics solution provider company in India.[1]
- Market Cap ₹ 11,273 Cr.
- Current Price ₹ 193
- High / Low ₹ 212 / 98.6
- Stock P/E 101
- Book Value ₹ 30.0
- Dividend Yield 0.00 %
- ROCE 9.38 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 6.44 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 6.94% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 1,415 | 1,885 | 2,485 | 4,202 | |
| 1,523 | 1,866 | 2,422 | 3,991 | |
| Operating Profit | -107 | 19 | 63 | 212 |
| OPM % | -8% | 1% | 3% | 5% |
| 8 | 12 | 30 | 36 | |
| Interest | 19 | 14 | 21 | 20 |
| Depreciation | 24 | 28 | 65 | 117 |
| Profit before tax | -143 | -12 | 6 | 111 |
| Tax % | 0% | 0% | -6% | -1% |
| -143 | -12 | 6 | 112 | |
| EPS in Rs | -6,185.60 | -493.97 | 0.42 | 1.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 44% |
| TTM: | 69% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 41% |
| TTM: | 1637% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.23 | 0.24 | 152 | 582 |
| Reserves | 171 | 172 | 248 | 1,163 |
| 72 | 289 | 393 | 247 | |
| 200 | 324 | 467 | 842 | |
| Total Liabilities | 443 | 786 | 1,259 | 2,834 |
| 83 | 118 | 329 | 588 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 60 | 312 | 329 | 354 |
| 300 | 356 | 601 | 1,892 | |
| Total Assets | 443 | 786 | 1,259 | 2,834 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -73 | 132 | 50 | 350 | |
| -40 | -311 | -119 | -1,091 | |
| 90 | 200 | 130 | 863 | |
| Net Cash Flow | -23 | 20 | 61 | 122 |
| Free Cash Flow | -120 | 78 | -36 | 165 |
| CFO/OP | 65% | 660% | 57% | 165% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 40 | 36 | 48 | 45 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 40 | 36 | 48 | 45 |
| Working Capital Days | -15 | -27 | -18 | 6 |
| ROCE % | 1% | 4% | 9% |
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
1d - Shadowfax submitted FY26 Annual Secretarial Compliance Report; no non-compliances reported.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
- 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.