SHADOWFAX

Shadowfax Technologies share price & financials

Price
₹223.25
Market cap
₹14.3k Cr
Sector
Services
Calls analysed
3
Latest concall · Q1 FY27 · call held 31 Jul 2026

Shadowfax Technologies Limited Q1 FY27

Revenue ₹1,358 cr +65%Adjusted EBITDA ₹67 cr Adjusted EBITDA Margin 4.9% PAT ₹65 cr

What went well

  • Revenue grew 65% year-on-year to ₹1,358 crores, marking the fifth consecutive quarter of 65%+ growth.
  • Adjusted EBITDA rose to ₹67 crores, with margins expanding to 4.9% from 4.7% last quarter.
  • Profit after taxes reached a record ₹65 crores, making it the most profitable quarter in the company's history.

What to watch

  • The quarter was complex due to diesel price increases, gas crisis, and elections in large states, impacting logistics operations.
  • Transportation costs slightly increased from 18.7% to 18.8% due to fuel hikes.
Read the full call →

What Shadowfax Technologies Limited does

Shadowfax Technologies is a technology-led third-party logistics (3PL) provider that enables digital commerce penetration across India through an integrated mid-mile and last-mile delivery network. It earns primarily from express parcel delivery (forward, reverse pickup and hand-in-hand exchange) for e-commerce and D2C clients, and from hyperlocal services covering quick commerce, food and on-demand mobility. The network combines company-owned, automated sortation hubs (an asset-heavy 'under the roof' layer) with a large crowdsourced base of delivery partners (an asset-light 'on the road' layer). Growth engines beyond the core express and hyperlocal business include Prime same-day/next-day delivery for D2C and SME sellers, Prime Large for heavy and volumetric shipments, a dark-store-based vertical quick-commerce format, and CriticaLog, a wholly owned subsidiary for time-sensitive, high-value freight.

Segments

  • Express
  • Hyperlocal
  • Other Logistics Services
Pin codes serviced
15,656
Network touchpoints (first/middle/last-mile facilities)
4,778
Total operations space
47L+ sq ft
Permanent employees
5,427
Contractual workforce
19,069
Average quarterly unique transacting delivery partners
2,59,609
Employees 5,427 (Q4 FY26 (March 2026)) Company website

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 2 delivered 2 missed 15 open
  • Capex Intensity (Full Year) delivered said Q3 FY26 Promised: roughly about 4% odd on a full year basis Q1 FY27: Promise relates to FY26 and was achieved. No new information.
  • Last-Mile Facilities Launch went quiet said Q3 FY26 Promised: 80 to 100 every single month Q1 FY27: No specific update on the number of new facilities or touch points launched per month was provided. The company reported pin code expansion instead.
  • Capex Intensity (Next 2 Years) revised down said Q3 FY26 Promised: 2.8% to 3% over the next two years Q1 FY27: While absolute capex guidance for FY27 remains unchanged, the new higher revenue guidance of 38-40% implies a capex intensity of ~3.2%, which is still above the original 2.8-3% target.

All 19 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 64.8%, net profit up 712.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue701 712 824 982 1,160 +65%1,237 +74%1,358 +65%
EBITDA21 12 25 39 66 +214%81 +575%92 +268%
Net profit6 -10 8 13 35 +483%56 +660%65 +713%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +130.4% YTD

₹100₹150₹200₹250JanFebMarAprMayJunJulAugSeptQ3 FY26 — 12 Feb 2026Q4 FY26 — 14 May 2026Q1 FY27 — 31 Jul 2026

YTD: ₹109.98 on 28 Jan 2026 → ₹253.4. High ₹264.84 (19 Aug 2026), low ₹100.85 (29 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
+10.3%
31 Jul
Q4 FY26
−2.4%
14 May
Q3 FY26
+4.4%
12 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Year endingFY26
Revenue₹4.2k Cr
Operating profit₹211 Cr
Operating margin5.0%
Interest₹20 Cr
Depreciation₹117 Cr
Net profit₹112 Cr
Net margin2.7%
Cash from operations₹350 Cr
Free cash flow₹165 Cr
ROCE9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY23FY24FY25FY26
Equity capital₹0 Cr₹0 Cr₹152 Cr₹582 Cr
Reserves₹171 Cr₹172 Cr₹248 Cr₹1.2k Cr
Borrowings₹72 Cr₹289 Cr₹393 Cr₹247 Cr
Other liabilities₹200 Cr₹324 Cr₹467 Cr₹842 Cr
Total liabilities₹443 Cr₹786 Cr₹1.3k Cr₹2.8k Cr
Fixed assets₹83 Cr₹118 Cr₹329 Cr₹588 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹60 Cr₹312 Cr₹329 Cr₹354 Cr
Other assets₹300 Cr₹356 Cr₹601 Cr₹1.9k Cr
Total assets₹443 Cr₹786 Cr₹1.3k Cr₹2.8k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Mar 2026, DIIs trimmed −1.54 pp while FIIs added +1.13 pp. The shareholder count shrank 14% to 67,373.

Promoters
16.5%
FIIs
8.8%
DIIs
19.1%
Public
55.6%

Since Mar 2026

  • DIIs −1.54 pp
  • FIIs +1.13 pp
  • Public +0.50 pp
Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 3 holders trimming and 4 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Shadowfax Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Newquest Asia Fund Iv Singapore Pte Ltd 11.53%−0.06 pp
Eight Roads Investments Mauritius Ii Limited 9.50%unchanged
Abhishek Bansal 9.28%−0.05 pp
Flipkart Internet Private Limited 7.29%unchanged
Vaibhav Khandelwal 7.22%unchanged
Isif Hybrid Long - Short Fund AIF6.99%newly disclosed
Nokia Growth Partners Iv Lp 4.62%unchanged
International Finance Corporation NBFC / DFI3.61%unchanged
Nippon Life India Trustee Ltd-A/C Nippon Power & I Mutual fund2.45%newly disclosed
Qualcomm Asia Pacific Pte Ltd 2.26%unchanged
Mirae Asset Late Stage Opportunities Fund Mutual fund1.93%−0.98 pp
Edelweiss Discovery Fund- Series I Mutual fund1.71%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in SHADOWFAX

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹380 Cr
2 schemes
Biggest holder
Nippon India Small Cap Fund
₹347 Cr · 0.4% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹347 Crheld
Nippon India Power & Infra Fund Nippon India Mutual Fund₹33 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+99%
vs est. average cost
Held by funds
₹380 Cr
2 schemes · ≈ 2.3% of the company
Biggest holder
Nippon India Small Cap Fund
₹347 Cr · 0.4% of that fund

Shares held by these funds −5%

Jan '26 1.47 cr shares Jul '26

All earnings calls (3)

Read the Q1 FY27 call →

Learn to analyse Shadowfax Technologies Limited

Guides on how to read this kind of business and the numbers that matter.