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Shadowfax Technologies Ltd
₹289.35
+₹3.45 (+1.21%)
NSE · 16 Oct 2026, close
Market Cap
₹17,306 Cr
CMP
₹289.35
52-wk High / Low
₹302 / 99
P/E
102.0
P/B
9.8
Book Value
₹30.0
Div Yield
0.00%
ROCE
10.0%
ROE
10.4%
Face Value
₹10
D/E
0.14
Price+163.1% over Max
āagman read
Computed by āagmanPiotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹36
√(22.5 × EPS × book value per share)
ROIC
5.2%
vs 9.3% sector median
Cash flow to profit
3.13
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+374
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
10.4%
ROE × earnings retention ratio
ROE stability
36.6
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.08FII +1.13DII −1.54
Latest quarter vs the previous one
Cash-accrual divergence
−11.6%
of assets
Low = accruals track cash flow
Strengths
+Price is within 10% of its 52-week high (-4.3%)
Watch-outs
−Latest ROCE of 10% trails the sector median of 14%
−Annualised volatility of 47.6% is in the high band (≥45%)
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 701 | 712 | 824 | 982 | 1,160 | 1,237 | 1,358 |
| Expenses | 680 | 700 | 798 | 943 | 1,093 | 1,156 | 1,266 |
| Operating Profit | 21 | 12 | 25 | 39 | 66 | 81 | 92 |
| OPM % | 3.0% | 1.7% | 3.0% | 4.0% | 5.7% | 6.5% | 6.8% |
| Other Income | 6 | 7 | 8 | 6 | 6 | 16 | 21 |
| Interest | 3 | 5 | 4 | 4 | 6 | 6 | 8 |
| Depreciation | 17 | 24 | 22 | 28 | 32 | 35 | 40 |
| Profit before tax | 6 | −10 | 8 | 13 | 35 | 55 | 65 |
| Net Profit | 6 | −10 | 8 | 13 | 35 | 56 | 65 |
| EPS (₹) | 268.61 | −0.65 | 0.53 | 0.86 | 0.70 | 0.96 | 1.12 |
Profit & Loss
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 1,415 | 1,885 | 2,485 | 4,202 | 4,737 |
| Expenses | 1,523 | 1,866 | 2,422 | 3,982 | 4,459 |
| Operating Profit | −107 | 19 | 63 | 221 | 278 |
| OPM % | −7.6% | 1.0% | 2.5% | 5.3% | 5.9% |
| Other Income | 8 | 12 | 30 | 36 | 49 |
| Interest | 19 | 14 | 21 | 29 | 24 |
| Depreciation | 24 | 28 | 65 | 117 | 135 |
| Profit before tax | −143 | −12 | 6 | 111 | 168 |
| Net Profit | −143 | −12 | 6 | 112 | 169 |
| EPS (₹) | −6,185.60 | −493.97 | 0.42 | 1.92 | 3.64 |
Balance Sheet
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 152 | 582 | — |
| Reserves | 171 | 172 | 248 | 1,163 | — |
| Borrowings | 72 | 289 | 393 | 247 | — |
| Other Liabilities | 200 | 324 | 467 | 842 | — |
| Total Liabilities | 443 | 786 | 1,259 | 2,834 | — |
| Fixed Assets | 83 | 118 | 329 | 588 | — |
| CWIP | 0 | 0 | 0 | 0 | — |
| Investments | 60 | 312 | 329 | 354 | — |
| Other Assets | 300 | 356 | 601 | 1,892 | — |
| Total Assets | 443 | 786 | 1,259 | 2,834 | — |
Cash Flows
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity | −73 | 132 | 50 | 350 |
| Cash from Investing Activity | −40 | −311 | −119 | −1,091 |
| Cash from Financing Activity | 90 | 200 | 130 | 863 |
| Net Cash Flow | −23 | 20 | 61 | 122 |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| ROCE % | — | 1.0 | 4.0 | 10.0 |
| ROE % | — | — | — | 10.4 |
| EPS (₹) | −6,185.60 | −493.97 | 0.42 | 1.92 |
| Book Value (₹) | — | — | — | 30.0 |
| Face Value (₹) | — | — | — | 10 |
| P/E | — | — | — | 102.0 |
| Div Yield % | — | — | — | 0.00 |
| NPM % | −10.0 | −0.6 | 0.2 | 2.6 |
| OPM % | −8.0 | 1.0 | 2.5 | 5.0 |
| D/E | 0.42 | 1.68 | 0.98 | 0.14 |
| P/B | — | — | — | 9.8 |
Growth
Compounded sales growth
3 years+44.0%
TTM+69.0%
Compounded profit growth
3 years+41.0%
TTM+1,637.0%
Return on equity
3 years7.0%
Last year10.0%
Documents
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationCorporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman