---
title: "Shadowfax Technologies Ltd (SHADOWFAX) — Share Price, Financials & Analysis"
symbol: "SHADOWFAX"
company: "Shadowfax Technologies Ltd"
canonical: "https://tapetide.com/stocks/SHADOWFAX"
isin: "INE12UN01015"
nse_symbol: "SHADOWFAX"
bse_code: "544685"
sector: "Services"
industry: "Transport Services"
market_cap_cr: 14449.02
generated_at: "2026-09-13T18:47:21.209Z"
---

# Shadowfax Technologies Ltd (SHADOWFAX)

Canonical page: https://tapetide.com/stocks/SHADOWFAX

## Company

- **NSE Symbol:** SHADOWFAX
- **BSE Code:** 544685
- **ISIN:** INE12UN01015
- **Sector:** Services
- **Industry:** Transport Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2026-01-28
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shadowfax.in

## About

Incorporated in June 2016, Shadowfax Technologies Ltd is a logistics solution provider company in India.[1]

## Latest Price

- **Price:** ₹253.4
- **Change:** -1.7 (-0.67%)
- **Open:** ₹253
- **Day High:** ₹255
- **Day Low:** ₹246.5
- **Previous Close:** ₹255.1
- **Volume:** 1996782
- **As Of:** 2026-09-11T10:21:24+00:00

## Key Fundamentals

Observed at 2026-09-11T04:44:25.551661Z.

- **Market Cap:** ₹14449.02 Cr
- **Classification:** Smallcap
- **P/E (reported):** 88.6
- **P/E (TTM):** 67.57
- **EPS (TTM):** ₹3.75
- **Book Value:** ₹29.81
- **Price to Book:** 8.55
- **Dividend Yield:** 0%
- **ROE:** 6.4%
- **ROCE:** 6.72%
- **Debt to Equity:** 0.13
- **Revenue (yearly):** ₹4238.6 Cr
- **Net Income:** ₹111.7 Cr
- **EBITDA:** ₹248 Cr
- **52-Week High:** ₹268.65
- **52-Week Low:** ₹98.55
- **RSI (14):** 55.13

## Key Insights

### Strengths

- Company has reduced debt.
- Company has delivered good profit growth of 22.4% CAGR over last 5 years

### Weaknesses

- Stock is trading at 8.44 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 16.5%
- Tax rate seems low
- Company has a low return on equity of 7.15% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 602.15% | 166.13% | — |
| ebitda margin growth | 16.77% | 71.55% | 383.47% | — |
| net income growth | 17.2% | — | 41% | 22% |
| revenue growth | 10.11% | 68.55% | 42% | 54% |
| roce | 19.18% | 151.69% | -728.04% | — |
| roe | 17.14% | 559.79% | 1.52% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 701 | 694 | 796 | 950 | 1128 | 1206 | 1324 |
| Expenses | 680 | 683 | 770 | 915 | 1063 | 1127 | 1234 |
| Operating Profit | 21 | 11 | 26 | 35 | 65 | 79 | 90 |
| OPM % | 3 | 1.6 | 3.3 | 3.7 | 6 | 7 | 7 |
| Other Income | 6 | 7 | 8 | 6 | 6 | 16 | 21 |
| Interest | 3 | 5 | 3 | 3 | 5 | 6 | 7 |
| Depreciation | 17 | 23 | 22 | 24 | 30 | 33 | 37 |
| Profit before tax | 6 | -10 | 9 | 14 | 37 | 55 | 66 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 6 | -10 | 9 | 14 | 37 | 55 | 66 |
| EPS in Rs | 268.61 | -0.66 | 0.6 | 0.94 | 0.73 | 0.95 | 1.13 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 323 | 464 | 991 | 1415 | 1885 | 2467 | 4080 | 4608 |
| Expenses | 413 | 609 | 1143 | 1523 | 1866 | 2405 | 3866 | 4339 |
| Operating Profit | -90 | -145 | -152 | -107 | 19 | 62 | 214 | 269 |
| OPM % | -28 | -31 | -15 | -8 | 1 | 2.5 | 5 | 6 |
| Other Income | 10 | 24 | 7 | 8 | 12 | 30 | 37 | 49 |
| Interest | 2 | 2 | 9 | 19 | 14 | 21 | 27 | 22 |
| Depreciation | 5 | 10 | 21 | 24 | 28 | 64 | 108 | 124 |
| Profit before tax | -87 | -133 | -176 | -143 | -12 | 6 | 115 | 172 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -87 | -133 | -176 | -143 | -12 | 6 | 115 | 172 |
| EPS in Rs | -3770.03 | -5787.46 | -7637.47 | -6185.6 | -493.97 | 0.41 | 1.98 | 3.75 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 248 | 1166 |
| Borrowings | 6 | 10 | 98 | 66 | 289 | 383 | 234 |
| Other Liabilities | 58 | 132 | 201 | 206 | 324 | 426 | 806 |
| Total Liabilities | 468 | 439 | 452 | 443 | 786 | 1209 | 2788 |
| Fixed Assets | 20 | 50 | 60 | 83 | 118 | 262 | 520 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 290 | 169 | 58 | 60 | 312 | 374 | 405 |
| Other Assets | 158 | 219 | 334 | 300 | 356 | 573 | 1863 |
| Total Assets | 468 | 439 | 452 | 443 | 786 | 1209 | 2788 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -106 | -113 | -132 | -73 | 132 | 50 | 342 |
| Cash from Investing Activity | -244 | 122 | 130 | -40 | -311 | -128 | -1087 |
| Cash from Financing Activity | 367 | 0 | 72 | 90 | 200 | 132 | 870 |
| Net Cash Flow | 17 | 9 | 69 | -23 | 20 | 53 | 126 |
| Free Cash Flow | -115 | -133 | -163 | -120 | 78 | -34 | 158 |
| CFO/OP | 112 | 77 | 76 | 65 | 660 | 58 | 172 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 49 | 41 | 26 | 40 | 36 | 46 | 45 |
| Cash Conversion Cycle | 49 | 41 | 26 | 40 | 36 | 46 | 45 |
| Working Capital Days | 17 | -4 | -23 | -15 | -27 | -15 | -24 |
| ROCE % | — | -43 | -61 | -53 | 1 | 4 | 10 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2026 | Jun 2026 |
| --- | --- | --- |
| Promoters | 16.59% | 16.51% |
| FIIs | 7.65% | 8.78% |
| DIIs | 20.64% | 19.1% |
| Government | 0% | 0% |
| Public | 7.81% | 8.44% |
| Others | 47.31% | 47.17% |
| No. of Shareholders | 78607 | 67373 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 9 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 254.83 | Sell |
| EMA (10) | 253.32 | Buy |
| SMA (20) | 254.49 | Sell |
| EMA (20) | 251.44 | Buy |
| SMA (50) | 238.51 | Buy |
| EMA (50) | 239.22 | Buy |
| SMA (100) | 216.71 | Buy |
| EMA (100) | 211.89 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.66 | Neutral |
| MACD (12,26,9) | 3.7 | Sell |
| Stochastic (14,3,3) | 65.68 | Neutral |
| ADX (14) | 15.9 | Neutral |
| Williams %R (14) | -33.21 | Neutral |
| ATR (14) | 10.75 | High Volatility |
| ROC (12) | 2.95 | Buy |
| Stoch RSI (14) | 47.2 | Neutral |
| UO (7,14,28) | 55.92 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 5 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 5 analyst ratings, observed at 2026-09-11T04:44:23.892399+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e331217d-e984-4d70-8069-7d85d7589176.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0288c44b-9e4f-4b3e-a646-e5d0621227fd.pdf) |
| 2026-08-28 | [Grant Of Employee Stock Options Under Shadowfax Technologies Limited -Employee Stock Option Plan 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8952c4f0-bdc7-442c-adf5-e8328ed21a2c.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23bc665a-65e0-4be2-bee0-a53ec46b5837.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8fc7078f-0c16-4cf3-8cad-03de1531c602.pdf) |
| 2026-08-24 | [Notice Of The 11Th Annual General Meeting ("AGM") And Annual Report Of The Company To Be Held On September 18 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60f062f1-62d9-4a9e-ad77-582f94ea2bb7.pdf) |
| 2026-08-24 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3088ecc7-51b6-45ba-96d9-f89adac528b2.pdf) |
| 2026-08-24 | [Intimation About Letter Providing A Web-Link Of The Annual Report For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0834d6e9-60e4-4bbf-8852-1a9ad98777cb.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1088385-70ee-4b0e-8104-3d2d2c92d242.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=577c67e7-5009-49c3-97f5-b593dd76c0cf.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac7a4482-da1b-4ff4-b481-c87d828a602d.pdf) |
| 2026-05-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1847ec7d-159f-455f-97ac-54cdfd43e756.pdf) |
| 2026-02-18 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9ab23de-c299-4a0f-9721-6ef692d7ab81.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-31 | [Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6df22336-ea96-421e-b8f8-8693f1f7221b.pdf) |
| 2026-05-14 | [Results For The Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75e75d34-c40a-49e4-8d6e-420801fb70ab.pdf) |
| 2026-02-12 | [Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine-Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e96e5344-3aeb-4d25-a12c-af7c5692ab86.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c9466ba-2d6e-46b2-b3c1-5db33b7243a7.pdf) |
| 2026-05-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dcdd0b99-737b-4784-b0d1-88e3a0cc9f41.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e228a64-350e-42af-96ce-a1ba39358408.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e3a0cf4-6318-41a3-85a6-321f8dc87d49.pdf) |
| 2026-05-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca55e744-513d-40c8-86cf-214e4515b2d3.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99ceace0-4937-49ab-9d29-31f6507cab49.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 May - Postal ballot on May 7, 2026 approved SFX ESOP 2016 amendments and subsidiary employee coverage. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 8 May - Postal ballot on May 7, 2026 approved SFX ESOP 2016 amendments and subsidiary employee coverage.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e856cd7b-57ec-46e3-984b-2cae57664713.pdf) |
| 8 May - Postal ballot on April 1, 2026 approved ESOP 2016 amendments and subsidiary extension on May 7, 2026. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 8 May - Postal ballot on April 1, 2026 approved ESOP 2016 amendments and subsidiary extension on May 7, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e3b9e62b-134b-40dc-8ab3-6798a747b86b.pdf) |
| 8 May - Board meeting on May 14, 2026 to approve audited FY26 standalone and consolidated results; trading window closed. | [Board Meeting Intimation for Board Meeting Intimation For The Board Meeting Scheduled To Be Held On May 14 2026 8 May - Board meeting on May 14, 2026 to approve audited FY26 standalone and consolidated results; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e076e569-224d-4c78-a5c8-06e1119bf3fe.pdf) |
| 8 Apr - Shadowfax filed Regulation 74(5) compliance certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 8 Apr - Shadowfax filed Regulation 74(5) compliance certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c997514-6ef6-4d00-ab6d-eb8316c7011b.pdf) |
| 7 Apr - Postal ballot on April 8-May 7, 2026 for ESOP 2016 ratification and subsidiary employee coverage. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 7 Apr - Postal ballot on April 8-May 7, 2026 for ESOP 2016 ratification and subsidiary employee coverage.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f21caf44-d830-41f8-995f-b6450184e80b.pdf) |
| 4h - Shadowfax will hold a Q4 FY26 earnings conference call on May 14, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4h - Shadowfax will hold a Q4 FY26 earnings conference call on May 14, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ba0ebf06-4f2e-493f-a51e-cecf553b0990.pdf) |
| 26 Mar - Trading window closed April 1, 2026; reopens 48 hours after March 31, 2026 financial results. | [Closure of Trading Window 26 Mar - Trading window closed April 1, 2026; reopens 48 hours after March 31, 2026 financial results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4018a3d6-94c3-4006-9736-94af71be819b.pdf) |
| 26 Feb - INR 50 Cr, 2.1 lakh sq.ft OneNCR hub operational; 48,000/hr sorter; 1M daily capacity. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 26 Feb - INR 50 Cr, 2.1 lakh sq.ft OneNCR hub operational; 48,000/hr sorter; 1M daily capacity.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f761729d-fee9-4dcd-b54b-9094a93f3fb7.pdf) |
| 21 Apr - Shadowfax launches Shadowfax 360 on April 21, 2026 for SMEs and D2C brands. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015 - Launch Of Shadowfax 360 21 Apr - Shadowfax launches Shadowfax 360 on April 21, 2026 for SMEs and D2C brands.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f6b4d068-f036-46e3-8f80-d81d20a22f88.pdf) |
| 21 Apr - Shadowfax launches Shadowfax 360 digital shipping platform for SMEs and D2C brands on April 21, 2026. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 21 Apr - Shadowfax launches Shadowfax 360 digital shipping platform for SMEs and D2C brands on April 21, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/602960fb-4a95-4562-b661-b2e05139358a.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1847ec7d-159f-455f-97ac-54cdfd43e756.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1847ec7d-159f-455f-97ac-54cdfd43e756.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dcdd0b99-737b-4784-b0d1-88e3a0cc9f41.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dcdd0b99-737b-4784-b0d1-88e3a0cc9f41.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:47:21.209Z.