SHADOWFAX
Shadowfax Technologies Limited
Technology-led logistics and express parcel delivery network
Services›Services›Transport Services›Logistics Solution Provider
shadowfax.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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What you need to know
Shadowfax is a technology-led third-party logistics company that delivers parcels and local orders for e-commerce and quick-commerce companies across India.
Company snapshot
3rdBy market cap
Ranked among 34 companies in Logistics Solution Provider.
What we see
- ✓190% of operating profit came in as cash over the last three years — profits are backed by real cash.
- ✗Net margin is very thin at 2.7% — little room for error if costs rise.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 1,160 Cr | 1,237 Cr | 1,358 Cr |
| Operating expenses (approx.) | 1,093 Cr | 1,156 Cr | 1,266 Cr |
| EBITDA | 66 Cr | 81 Cr | 92 Cr |
| OPM % | 5.7% | 6.6% | 6.8% |
| Other income | 6 Cr | 16 Cr | 21 Cr |
| Interest | 6 Cr | 6 Cr | 8 Cr |
| Depreciation | 32 Cr | 35 Cr | 40 Cr |
| Profit before tax | 35 Cr | 55 Cr | 65 Cr |
| Tax % | 0.0% | -1.8% | 0.0% |
| Net profit | 35 Cr | 56 Cr | 65 Cr |
| EPS (₹) | ₹0.69 | ₹0.95 | ₹1.11 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 1,415 Cr | 1,885 Cr | 2,485 Cr | 4,202 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,529 Cr | 1,873 Cr | 2,429 Cr | 3,991 Cr | Sign in free for the trailing twelve months |
| EBITDA | -113 Cr | 11 Cr | 56 Cr | 212 Cr | Sign in free for the trailing twelve months |
| OPM % | -8.0% | 0.6% | 2.3% | 5.0% | Sign in free for the trailing twelve months |
| Other income | 8 Cr | 12 Cr | 30 Cr | 36 Cr | Sign in free for the trailing twelve months |
| Interest | 13 Cr | 7 Cr | 14 Cr | 20 Cr | Sign in free for the trailing twelve months |
| Depreciation | 24 Cr | 28 Cr | 65 Cr | 117 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -143 Cr | -12 Cr | 6 Cr | 111 Cr | Sign in free for the trailing twelve months |
| Tax % | — | — | -6.0% | -0.9% | Sign in free for the trailing twelve months |
| Net profit | -143 Cr | -12 Cr | 6 Cr | 112 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-3.38 | ₹-0.28 | ₹0.13 | ₹2.22 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 0.23 Cr | 0.24 Cr | 152 Cr | 582 Cr |
| Reserves | 176 Cr | 422 Cr | 509 Cr | 1,163 Cr |
| Borrowings | 61 Cr | 32 Cr | 6 Cr | 0.28 Cr |
| Other liabilities | 206 Cr | 333 Cr | 592 Cr | 1,089 Cr |
| Total liabilities | 443 Cr | 786 Cr | 1,259 Cr | 2,834 Cr |
| Fixed assets (net) | 66 Cr | 89 Cr | 117 Cr | 489 Cr |
| CWIP | — | — | — | — |
| Investments | 60 Cr | 312 Cr | 329 Cr | 354 Cr |
| Trade receivables | 157 Cr | 184 Cr | 329 Cr | 514 Cr |
| Cash & bank | 81 Cr | 101 Cr | 162 Cr | 284 Cr |
| Other assets | 80 Cr | 100 Cr | 323 Cr | 1,193 Cr |
| Total assets | 443 Cr | 786 Cr | 1,259 Cr | 2,834 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operating activity | -73 Cr | 132 Cr | 50 Cr | 350 Cr |
| Cash from investing | -40 Cr | -311 Cr | -119 Cr | -1,091 Cr |
| Cash from financing | 90 Cr | 200 Cr | 130 Cr | 863 Cr |
| Net cash flow | -23 Cr | 20 Cr | 61 Cr | 122 Cr |
| Free cash flow (OCF − Capex) | -120 Cr | 78 Cr | -36 Cr | 165 Cr |
Ratios
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE % | -54.7% | -1.0% | 3.1% | 7.5% |
| ROE % | -80.9% | -2.8% | 1.0% | 6.4% |
| Debtor days | 40 | 36 | 48 | 45 |
| Inventory days | — | — | — | 0 |
| Days payable | 24 | 28 | 31 | 33 |
| Cash conversion cycle | 16 | 7 | 17 | 12 |
| OCF / EBITDA % | — | n.m. | n.m. | 165.3% |
| OCF / EBITDA % (3 years) | — | — | — | 190.2% |
| Debt / equity | 0.34 | 0.07 | 0.0098 | 0.0002 |
| Current ratio | 1.39 | 1.80 | 1.81 | 1.84 |
| Net debt / EBITDA | — | -6.11 | -2.77 | -1.34 |