Shadowfax Technologies (SHADOWFAX)₹284.95−3.75%Logistics Solution Provider
In the Sep 2026 quarter (consolidated), Shadowfax Technologies reported sales of ₹1,540 Cr, up 56.7% from Sep 2025, and net profit of ₹68.12 Cr, up 423.2% year on year. For the year to Mar 2026, sales were ₹4,207 Cr and net profit ₹112 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 702 | 713 | 826 | 983 | 1,161 | 1,238 | 1,360 | 1,540 |
| Expenses | 681 | 700 | 799 | 944 | 1,094 | 1,156 | 1,268 | 1,436 |
| Operating Profit | 21.06 | 12.03 | 25.06 | 39.12 | 66.18 | 81.17 | 92.18 | 104 |
| OPM % | 3.0% | 1.7% | 3.1% | 4.0% | 6.0% | 7.0% | 7.0% | 7.0% |
| Other Income | 6.02 | 7.01 | 8.02 | 6.02 | 6.02 | 16.05 | 21.04 | 20.07 |
| Interest | 3.01 | 4.99 | 4.01 | 4.01 | 6.01 | 5.99 | 8.01 | 9.99 |
| Depreciation | 16.99 | 23.96 | 21.97 | 27.98 | 31.99 | 34.94 | 39.95 | 45.96 |
| Profit before tax | 5.99 | −9.97 | 7.98 | 12.95 | 34.90 | 54.80 | 64.83 | 67.84 |
| Tax % | 0.0% | −4.0% | 0.0% | 0.0% | 0.0% | −2.0% | 0.0% | 0.0% |
| Net Profit | 6.01 | −10.01 | 8.01 | 13.02 | 35.02 | 56.07 | 65.07 | 68.12 |
| EPS (Rs) | 0.53 | −0.64 | 0.52 | 0.85 | 0.69 | 0.95 | 1.11 | 1.15 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 1,417 | 1,887 | 2,488 | 4,207 | 5,299 |
| Expenses | 1,523 | 1,867 | 2,423 | 3,981 | 4,953 |
| Operating Profit | −107 | 19.05 | 63.17 | 221 | 344 |
| OPM % | −8.0% | 1.0% | 2.5% | 5.0% | 6.5% |
| Other Income | 8.02 | 12.04 | 30.06 | 36.11 | 63.18 |
| Interest | 18.99 | 14.01 | 20.99 | 28.99 | 30.00 |
| Depreciation | 23.98 | 27.98 | 64.89 | 117 | 153 |
| Profit before tax | −143 | −11.97 | 5.98 | 111 | 222 |
| Tax % | 0.0% | 0.0% | −6.0% | −1.0% | — |
| Net Profit | −143 | −12.03 | 6.01 | 112 | 224 |
| EPS (Rs) | −12.31 | −0.98 | 0.41 | 1.91 | 3.90 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.22 | 0.23 | 152 | 580 |
| Reserves | 170 | 171 | 247 | 1,159 |
| Borrowings | 72.05 | 289 | 393 | 247 |
| Other Liabilities | 199 | 323 | 465 | 839 |
| Total Liabilities | 442 | 784 | 1,256 | 2,825 |
| Fixed Assets | 82.63 | 118 | 328 | 585 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 60.05 | 312 | 329 | 355 |
| Other Assets | 299 | 355 | 599 | 1,885 |
| Trade receivables | 156 | 183 | 328 | 512 |
| Cash & equivalents | 85.97 | 103 | 191 | 679 |
| Total Assets | 442 | 784 | 1,256 | 2,825 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | −73.30 | 133 | 50.17 | 351 |
| Cash from investing activity | −40.15 | −312 | −119 | −1,094 |
| Cash from financing activity | 90.08 | 200 | 130 | 864 |
| Net cash flow | −22.94 | 19.93 | 60.85 | 122 |
| Capex | 47.14 | 53.18 | 86.25 | 186 |
| Free cash flow | −120 | 77.73 | −35.91 | 165 |
| CFO / OP % | 65.0% | 660.0% | 57.0% | 170.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor days | 41 | 37 | 49 | 46 |
| Cash conversion cycle | 41 | 37 | 49 | 46 |
| Working capital days | −14 | −26 | −17 | −24 |
| ROCE % | — | 1.0% | 4.0% | 10.1% |
For the Sep 2026 quarter, Shadowfax Technologies reported sales of ₹1,540 Cr, up 56.7% year on year and net profit of ₹68.12 Cr, up 423.2% year on year. The operating margin was 7.0%.
Shadowfax Technologies' sales for the year to Mar 2026 were ₹4,207 Cr; over the last twelve months they were ₹5,299 Cr.
Net profit for the year to Mar 2026 was ₹112 Cr, and ₹224 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.90.
Shadowfax Technologies reported borrowings of ₹247 Cr at Mar 2026, against cash and equivalents of ₹679 Cr.
Cash from operations was ₹351 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹165 Cr.