Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Shadowfax Technologies Ltd

SHADOWFAX
Logistics

Shadowfax Technologies Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

Biggest watch item: the price is already 31 weeks into its uptrend — timing risk, not thesis risk.

The price is in a confirmed uptrend (31 weeks in) while the P/E sits at the 54th percentile of its own 1-year range. Underneath, the last four quarters read improving — profit +712.5% year on year, and 339% of the last 2 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Price
₹253
P/E
87.9×
54th pctile
of its own 1-year range
Revenue (Jun 26)
₹1,358 Cr
+64.8% YoY
Profit (Jun 26)
₹65.0 Cr
+712.5% YoY
Operating margin
7.0%
+3.9 pp YoY
ROCE
10%
FY26
Cash conversion
339%
of profit, last 2 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 25% on reported income across 6 comparable periods, so nothing from the second source is placed here — the PEG ratio, the quarterly return curves, the total-debt and debt-to-equity series and the F-score are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Shadowfax Technologies Ltd trades at ₹253, in a confirmed uptrend and 31 weeks into that stage. That is +37.7% against its own 200-day average. It sits at 96% of a 52-week range of ₹107 to ₹260. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 26 straight weeks.

Today the stock is in a confirmed uptrend — week 31 of stage 2, confirmed. At ₹253 it trades +37.7% versus its 200-day average and sits at 96% of its 52-week range (₹107–₹260).

Sep 26: ₹253 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 1-year window.
+37.7% versus the 200-day line, week 31 of stage 2
Price50-day avg200-day avg
S4S2₹272₹228₹184₹139₹95.3₹253₹184Feb 26Apr 26Jun 26Jul 26Sep 26
S4S2₹272₹228₹184₹139₹95.3₹253₹184Feb 26Jun 26Sep 26
Beating or trailing, week by week since 2026 Each cell is one week from 2026 to now (39 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Feb 26Sep 26

Against the market, two honest reads. Cumulative: over the last 7 months the stock moved +132% while the NIFTY 500 moved −2% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 26 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Shadowfax Technologies Ltd trades at 87.9× P/E, mid-range by its own standards (54th percentile). Its long-run median P/E is 74.2×, measured across 0.6 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 87.9× is mid-range by its own standards (54th percentile), against a long-run median of 74.2× measured over 0.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 87.9× vs a 74.2× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 0.6-year window; loss-period spikes above 223× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
mid-range by its own standards (54th percentile)
P/EMedianEPS (TTM) (quarterly)
236.1×₹3.9187.2×₹2.9138.3×₹2.089.3×₹1.040.4×₹0.0×69.60×₹4Jan 26Mar 26May 26Jul 26Sep 26
236.1×₹3.9187.2×₹2.9138.3×₹2.089.3×₹1.040.4×₹0.0×69.60×₹4Jan 26May 26Sep 26
P/E
87.9×
54th percentile of 1y

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

The PEG ratio, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 25% on reported income across 6 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Shadowfax Technologies Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Growth, year by year: revenue +69.1% in FY26, profit +1,766.7% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
72%301.2%61%300.6%50%300.0%40%299.4%29%298.8%%%69.1%300%FY23FY24FY26
72%301.2%61%300.6%50%300.0%40%299.4%29%298.8%%%69.1%300%FY23FY24FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfit
74%301.2%72%300.6%69%300.0%67%299.4%64%298.8%%%64.8%300%Dec 24Sep 25Jun 26
74%301.2%72%300.6%69%300.0%67%299.4%64%298.8%%%64.8%300%Dec 24Sep 25Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
11%8.1%5.5%2.9%0.3%%10%FY24FY25FY26
11%8.1%5.5%2.9%0.3%%10%FY24FY25FY26
ROCE
Rising
latest 10.0% · span 1.0%–10.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+69.1%+43.7%
Profit+1,766.7%
EPS+357.1%
Revenue YoY (Jun 26)
+64.8%
latest quarter vs a year ago
Profit YoY (Jun 26)
+712.5%
latest quarter vs a year ago
Revenue 10y
43.7%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

50.7/100 — rank 17 of 18 in Logistics · 38% evidence confidence · provisional, ranked below fully-evidenced peers

Shadowfax Technologies Ltd scores 50.7 out of 100 against the 18 companies it is compared with in Logistics, ranking 17. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 23 + 8.6 + 9.1 + 10 = 50.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Shadowfax Technologies Ltd reported ₹1,358 Cr of revenue in the Jun 26 quarter, +64.8% year on year. That is the 3rd straight quarter of year-on-year growth. Over 3 years it has compounded at 43.7% a year. The last full year, FY26, came in at ₹4,202 Cr. The last four reported quarters add to ₹4,737 Cr.

FY26 revenue came in at ₹4,202 Cr (+69.1% on the year), capping 3 years at 43.7% compound. The latest quarter (Jun 26) printed ₹1,358 Cr, +64.8% year on year — the 3rd consecutive quarter of year-over-year growth.

FY26 revenue ₹4,202 Cr (+69.1% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 4-year window. A bar is red when it is lower than the year before.
43.7% a year over 3 years
RevenueYoY growth
4.5k72%3.4k61%2.3k50%1.1k40%029%₹ Cr%₹4,20269.1%FY23FY24FY26
4.5k72%3.4k61%2.3k50%1.1k40%029%₹ Cr%₹4,20269.1%FY23FY24FY26
Jun 26: ₹1,358 Cr (+64.8% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
1.5k74%1.1k72%73369%36767%064%₹ Cr%₹1,35864.8%Dec 24Sep 25Jun 26
1.5k74%1.1k72%73369%36767%064%₹ Cr%₹1,35864.8%Dec 24Sep 25Jun 26

Pace check: the last four quarters averaged +68.0% growth against the decade's 43.7% — the current year is running faster than its own long-run rate.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Shadowfax Technologies Ltd's operating margin is 7.0% in the Jun 26 quarter, +3.9 percentage points against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged −8.0% to 5.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 7.0%, +3.9 pp against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged −8.0%–5.0%.

Why the margin moved: operating margin went +3.7 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 5.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 4-year window.
within a −8.0–5.0% band over 4 years
operating marginYoY change (pp)
6.0%9.6%2.3%7.4%−1.5%5.3%−5.3%3.1%−9.0%0.9%%%5%2.5%FY23FY24FY26
6.0%9.6%2.3%7.4%−1.5%5.3%−5.3%3.1%−9.0%0.9%%%5%2.5%FY23FY24FY26
Jun 26: 7.0% operating margin (+3.9 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
7.4%5.5%5.9%4.8%4.3%4.2%2.8%3.5%1.3%2.8%%%7%3.9%Dec 24Sep 25Jun 26
7.4%5.5%5.9%4.8%4.3%4.2%2.8%3.5%1.3%2.8%%%7%3.9%Dec 24Sep 25Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Shadowfax Technologies Ltd earned ₹65.0 Cr of net profit in the Jun 26 quarter, +712.5% year on year. Full-year FY26 profit was ₹112 Cr. That is 4.8% of the quarter's revenue. The same quarter a year earlier earned ₹8.0 Cr.

Jun 26 profit was ₹65.0 Cr, +712.5% year on year. On the full year, FY26 printed ₹112 Cr (+1,766.7%).

FY26 profit ₹112 Cr (+1,766.7% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 4-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
1321,767.9%581,767.3%−161,766.7%−891,766.1%−1631,765.5%₹ Cr%₹1121,766.7%FY23FY24FY26
1321,767.9%581,767.3%−161,766.7%−891,766.1%−1631,765.5%₹ Cr%₹1121,766.7%FY23FY24FY26
Jun 26: ₹65.0 Cr (+712.5% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
71731%49664%28598%6531%−16465%₹ Cr%₹65712.5%Dec 24Sep 25Jun 26
71731%49664%28598%6531%−16465%₹ Cr%₹65712.5%Dec 24Sep 25Jun 26
08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 2 fiscal years 339% of Shadowfax Technologies Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹350 Cr of operating cash against ₹112 Cr of profit. After ₹376 Cr of capital spending, ₹−26.0 Cr was left as free cash.

FY26: operating cash of ₹350 Cr against reported profit of ₹112 Cr, leaving free cash of ₹−26.0 Cr after ₹376 Cr of capital spending. Across the last 2 fiscal years the conversion rate is 339% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹350 Cr vs profit ₹112 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 4-year window, annual resolution. FY25 reflects an acquisition year — point shown clipped.
339% of 2-year profit arrived as cash
Operating cashNet profitFree cash
389246104−39−182₹ Cr₹350₹112₹−26FY23FY24FY26
389246104−39−182₹ Cr₹350₹112₹−26FY23FY24FY26
FY26: CFO = 313% of profit (three-year rate 339%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
316%258%200%142%84%%300%FY23FY24FY26
316%258%200%142%84%%300%FY23FY24FY26

Why conversion sits at 339%: the cash cycle held roughly steady between FY23 and FY26 — so conversion tracks profitability rather than the cycle.

Router verdict: the bigger cash user is investment — capital spending ran 3.4× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Shadowfax Technologies Ltd's cash conversion cycle runs 45 days in FY26, up from 40 days in FY23. Capital spending ran ₹715 Cr over the last 3 years. At FY26 sales of ₹4,202 Cr each day of that cycle holds about ₹11.5 Cr, so roughly ₹518 Cr sits inside the business at any moment.

FY26: debtors at 45 days (an asset-light business — no inventory to speak of) — for a full cycle of 45 days, looser than FY23's 40.

In money terms: at FY26 sales of ₹4,202 Cr, each day of the cycle holds about ₹11.5 Cr — so the 45-day loop keeps roughly ₹518 Cr sitting inside the business at any moment.

FY26: a 45-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 4-year window.
+5 days vs FY23
Cash cycleDebtor days
4945423935days45d45dFY23FY24FY26
4945423935days45d45dFY23FY24FY26

On the investment side: capital spending of ₹715 Cr over the last 3 fiscal years against ₹210 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹376 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
4063052031020₹ Cr₹376₹0FY24FY25FY26
4063052031020₹ Cr₹376₹0FY24FY25FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Shadowfax Technologies Ltd earns a ROCE of 10% in FY26. That is up from a trough of 1% in FY24. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 2.7% net margin on 1.48× asset turns.

FY26 ROCE is 10%, recovered from a FY24 trough of 1% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 2.7% net margin × 1.48× asset turns × 1.62× balance-sheet leverage ≈ 6.5% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 10% Return on capital employed by fiscal year, % (line). 3-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY24's 1%
ROCEWACC
13%9.7%6.5%3.3%0.0%%10%FY24FY25FY26
13%9.7%6.5%3.3%0.0%%10%FY24FY25FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 25% on reported income across 6 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Shadowfax Technologies Ltd carries ₹247 Cr of borrowings against ₹1,745 Cr of equity in FY26, a debt-to-equity of 0.14. Operating profit covers the interest bill 8×. Over 3 years borrowings went from ₹72.0 Cr to ₹247 Cr. Capital spending ran ₹715 Cr across the last 3 of those years.

FY26: borrowings of ₹247 Cr against equity of ₹1,745 Cr — a debt-to-equity of 0.14. Operating profit covers the interest bill 8×. Over 3 years borrowings went from ₹72.0 Cr to ₹247 Cr while capital spending ran ₹715 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹247 Cr at 0.14× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 4-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
4241.8×3181.4×2120.9×1060.5×00.0×₹ Cr×₹2470.14×FY23FY24FY26
4241.8×3181.4×2120.9×1060.5×00.0×₹ Cr×₹2470.14×FY23FY24FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 25% on reported income across 6 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Shadowfax Technologies Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 3 quarters.
PromotersForeign inst.Domestic inst.Public
62%47%33%18%3.6%%16.5%8.8%19.1%55.6%Jan 26Mar 26Jun 26
62%47%33%18%3.6%%16.5%8.8%19.1%55.6%Jan 26Mar 26Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Shadowfax Technologies Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Logistics
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Aegis Logistics LtdAEGISLOG 72.5/100Favorable setup82% evidence LEADER 27.6/35 Revenue 30.4% · PAT 83.5% · OPM change 16 pp 95% evidence 17.1/25 ROCE 13.3% · OPM 30% 76% evidence 7.8/20 P/E 38× · PEG — 50% evidence 20.0/20 RS sector 45.8% · RS bench 58.6% · 1Y 91.4%12 of 12 weeks ahead 100% evidence
Exact sum: 27.6 + 17.1 + 7.8 + 20 = 72.5 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Blackbuck LtdBLACKBUCK 62.0/100Mixed-positive evidence87% evidence BREAKING OUT 25.6/35 Revenue 48.6% · PAT 100% · OPM change -4 pp 100% evidence 13.1/25 ROCE 12.8% · OPM 24% 100% evidence 7.5/20 P/E 66.6× · PEG 2.42 65% evidence 15.8/20 RS sector 22.4% · RS bench 5.8% · 1Y 6.7%4 of 9 weeks ahead 70% evidence
Exact sum: 25.6 + 13.1 + 7.5 + 15.8 = 62 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3S J Logistics (India) LtdSJLOGISTIC 60.6/100Mixed-positive evidence73% evidence ASLEEP 22.4/35 Revenue 67.9% · PAT 93.4% · OPM change 3 pp 71% evidence 19.5/25 ROCE 32.4% · OPM 19% 95% evidence 14.2/20 P/E 6.6× · PEG — 50% evidence 4.5/20 RS sector -30.8% · RS bench -4.7% · 1Y -17.9%4 of 11 weeks ahead 70% evidence
Exact sum: 22.4 + 19.5 + 14.2 + 4.5 = 60.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Gateway Distriparks LtdGATEWAY 55.8/100Mixed-positive evidence94% evidence ASLEEP 16.2/35 Revenue 17.7% · PAT -35.9% · OPM change -1 pp 100% evidence 12.0/25 ROCE 10.8% · OPM 21% 100% evidence 18.1/20 P/E 10.9× · PEG 1.02 100% evidence 9.5/20 RS sector 0.8% · RS bench -7.4% · 1Y -17.2%0 of 10 weeks ahead 70% evidence
Exact sum: 16.2 + 12 + 18.1 + 9.5 = 55.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Sical Logistics LtdSICALLOG 55.2/100Mixed-positive evidence72% evidence BREAKING OUT 20.2/35 Revenue 51.4% · PAT 100% · OPM change -5 pp 71% evidence 9.1/25 ROCE 9.8% · OPM 19% 95% evidence 8.5/20 P/E 3169× · PEG — 15% evidence 17.4/20 RS sector 15% · RS bench 23.9% · 1Y 27.5%11 of 11 weeks ahead 100% evidence
Exact sum: 20.2 + 9.1 + 8.5 + 17.4 = 55.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Allcargo Terminals LtdATL 55.1/100Mixed-positive evidence87% evidence TURNING 21.7/35 Revenue 12.3% · PAT 39.2% · OPM change 3.7 pp 95% evidence 14.2/25 ROCE 11.2% · OPM 22.1% 95% evidence 13.7/20 P/E 15.9× · PEG — 50% evidence 5.5/20 RS sector -12.4% · RS bench -3.4% · 1Y -5.5%3 of 12 weeks ahead 100% evidence
Exact sum: 21.7 + 14.2 + 13.7 + 5.5 = 55.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7JITF Infra Logistics LtdJITFINFRA 53.2/100Mixed-positive evidence63% evidence ASLEEP 17.7/35 Revenue 24.3% · PAT -80% · OPM change -2.3 pp 71% evidence 16.5/25 ROCE 15.4% · OPM 21.4% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 9.0/20 RS sector -0.3% · RS bench -6.1% · 1Y -28.6%3 of 10 weeks ahead 70% evidence
Exact sum: 17.7 + 16.5 + 10 + 9 = 53.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Tejas Cargo India LtdTEJASCARGO 52.3/100Thin evidence · provisional56% evidence TURNING 15.7/35 Revenue — · PAT — · OPM change -2 pp 26% evidence 13.9/25 ROCE 12.1% · OPM 20% 95% evidence 9.6/20 P/E 45.7× · PEG — 15% evidence 13.1/20 RS sector 15.5% · RS bench 24.4% · 1Y 26.2%4 of 11 weeks ahead 100% evidence
Exact sum: 15.7 + 13.9 + 9.6 + 13.1 = 52.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Blue Dart Express LtdBLUEDART 49.8/100Mixed-negative evidence94% evidence TURNING 19.9/35 Revenue 9.2% · PAT 15.3% · OPM change 2 pp 100% evidence 16.5/25 ROCE 15.8% · OPM 16% 100% evidence 7.4/20 P/E 35.4× · PEG 3.26 100% evidence 6.0/20 RS sector -5.9% · RS bench -8.4% · 1Y -15.3%1 of 10 weeks ahead 70% evidence
Exact sum: 19.9 + 16.5 + 7.4 + 6 = 49.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Transport Corporation of India LtdTCI 47.1/100Mixed-negative evidence100% evidence ASLEEP 16.4/35 Revenue 9.6% · PAT 7% · OPM change 0 pp 100% evidence 16.0/25 ROCE 19.4% · OPM 11% 100% evidence 13.6/20 P/E 14.4× · PEG 1.41 100% evidence 1.1/20 RS sector -22.2% · RS bench -14.1% · 1Y -25.4%0 of 12 weeks ahead 100% evidence
Exact sum: 16.4 + 16 + 13.6 + 1.1 = 47.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Ritco Logistics LtdRITCO 44.8/100Mixed-negative evidence87% evidence LEADER 11.9/35 Revenue 16.9% · PAT -35.4% · OPM change -1.1 pp 95% evidence 8.1/25 ROCE 10.1% · OPM 6% 95% evidence 7.4/20 P/E 27× · PEG — 50% evidence 17.4/20 RS sector 7.9% · RS bench 18.5% · 1Y 10.1%11 of 12 weeks ahead 100% evidence
Exact sum: 11.9 + 8.1 + 7.4 + 17.4 = 44.8 · Decision use: Price leads the evidence: RS versus the benchmark is 18.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
12TransIndia Real Estate LtdTREL 44.5/100Mixed-negative evidence87% evidence BREAKING OUT 10.4/35 Revenue 1.2% · PAT -26.8% · OPM change -11 pp 95% evidence 10.3/25 ROCE 2.9% · OPM 55% 95% evidence 13.5/20 P/E 17.3× · PEG — 50% evidence 10.3/20 RS sector -6.1% · RS bench 3.6% · 1Y -17.4%3 of 12 weeks ahead 100% evidence
Exact sum: 10.4 + 10.3 + 13.5 + 10.3 = 44.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
13Sindhu Trade Links LtdSINDHUTRAD 42.0/100Mixed-negative evidence69% evidence ASLEEP 12.5/35 Revenue -63.7% · PAT 11.4% · OPM change 8 pp 95% evidence 7.4/25 ROCE 4.5% · OPM 16% 76% evidence 9.4/20 P/E 47.8× · PEG — 15% evidence 12.7/20 RS sector 2.9% · RS bench 1.8% · 1Y -0.9%1 of 10 weeks ahead 70% evidence
Exact sum: 12.5 + 7.4 + 9.4 + 12.7 = 42 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Container Corporation Of India LtdCONCOR 41.6/100Mixed-negative evidence100% evidence TURNING 13.6/35 Revenue 1.7% · PAT -4% · OPM change 1 pp 100% evidence 14.8/25 ROCE 12.6% · OPM 21% 100% evidence 4.7/20 P/E 30.6× · PEG 3.55 100% evidence 8.5/20 RS sector -8.6% · RS bench 0.9% · 1Y -7.9%4 of 12 weeks ahead 100% evidence
Exact sum: 13.6 + 14.8 + 4.7 + 8.5 = 41.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Western Carriers (India) LtdWCIL 31.9/100Adverse evidence74% evidence BASING 10.0/35 Revenue 9.3% · PAT -35.6% · OPM change -1 pp 95% evidence 7.6/25 ROCE 6.8% · OPM 4% 95% evidence 10.6/20 P/E 24.3× · PEG — 15% evidence 3.7/20 RS sector -15% · RS bench -17.2% · 1Y -36.5%1 of 10 weeks ahead 70% evidence
Exact sum: 10 + 7.6 + 10.6 + 3.7 = 31.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Reliance Industrial Infrastructure LtdRIIL 28.0/100Adverse evidence81% evidence ASLEEP 10.5/35 Revenue -16% · PAT -0.3% · OPM change -21.3 pp 95% evidence 4.8/25 ROCE 3% · OPM -37.3% 95% evidence 7.6/20 P/E 88.5× · PEG — 50% evidence 5.1/20 RS sector -10.7% · RS bench -8.3% · 1Y -22.7%1 of 10 weeks ahead 70% evidence
Exact sum: 10.5 + 4.8 + 7.6 + 5.1 = 28 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Shadowfax Technologies Ltdthis pageSHADOWFAX 50.7/100Thin evidence · provisional38% evidence BREAKING OUT 23.0/35 Revenue — · PAT — · OPM change 3.9 pp 45% evidence 8.6/25 ROCE 10% · OPM 7% 76% evidence 9.1/20 P/E 87.9× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence
Exact sum: 23 + 8.6 + 9.1 + 10 = 50.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
18Allcargo Gati Ltd(Merged)ACLGATI 37.4/100Thin evidence · provisional41% evidence 16.4/35 Revenue -1.1% · PAT 100% · OPM change -1.5 pp 27% evidence 5.6/25 ROCE 2.2% · OPM 3.6% 57% evidence 8.7/20 P/E 97.5× · PEG — 15% evidence 6.7/20 RS sector -5% · RS bench -8.2% · 1Y 7.7%0 of 12 weeks ahead to 2025-11-12 70% evidence
Exact sum: 16.4 + 5.6 + 8.7 + 6.7 = 37.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Shadowfax Technologies Ltd's share price today?

Shadowfax Technologies Ltd trades at ₹253. The company is valued at ₹14,872 Cr. The stock sits at 96% of its 52-week range of ₹107–₹260, +37.7% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 31 weeks in. — as of 11 September 2026.

What were Shadowfax Technologies Ltd's latest quarterly results?

Shadowfax Technologies Ltd reported revenue of ₹1,358 Cr and net profit of ₹65.0 Cr for the Jun 26 quarter. Revenue rose 64.8% and profit rose 712.5% year on year. Earnings per share were ₹1.12. The operating margin was 7.0%, 3.9 pp higher than a year earlier. — as of 11 September 2026.

What is Shadowfax Technologies Ltd's revenue?

Shadowfax Technologies Ltd reported revenue of ₹1,358 Cr in the Jun 26 quarter, +64.8% year on year. For the full FY26 fiscal year, revenue was ₹4,202 Cr (+69.1%). Over the last 3 years revenue compounded at 43.7% a year. — as of 11 September 2026.

What is Shadowfax Technologies Ltd's profit?

Shadowfax Technologies Ltd earned ₹65.0 Cr of net profit in the Jun 26 quarter, +712.5% year on year. Full-year FY26 profit was ₹112 Cr. The operating margin ran 7.0% in the latest quarter. — as of 11 September 2026.

What is Shadowfax Technologies Ltd's market cap?

Shadowfax Technologies Ltd's market capitalisation is ₹14,872 Cr at a share price of ₹253. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Shadowfax Technologies Ltd's P/E ratio?

Shadowfax Technologies Ltd trades at a P/E of 87.9×, at the 54th percentile of its own 1-year range, against a long-run median of 74.2×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Shadowfax Technologies Ltd pay a dividend?

No — Shadowfax Technologies Ltd has recorded a dividend payout of 0% of profit in each of its last 4 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 11 September 2026.

Is Shadowfax Technologies Ltd overvalued?

On its own history, Shadowfax Technologies Ltd looks mid-range: its P/E of 87.9× sits at the 54th percentile of its 1-year range (long-run median 74.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is Shadowfax Technologies Ltd growing?

Yes — Shadowfax Technologies Ltd is growing: latest-quarter revenue +64.8% year on year, profit +712.5%, and the margin +3.9 pp at 7.0%. The earnings engine currently reads: improving — as of 11 September 2026.

How is Shadowfax Technologies Ltd performing?

Shadowfax Technologies Ltd is in a confirmed uptrend, 31 weeks in. Its latest quarter's revenue rose 64.8% and profit rose 712.5% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 26 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

Is Shadowfax Technologies Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 31 of stage 2), trading +37.7% versus its 200-day average and at 96% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Shadowfax Technologies Ltd beating the market?

On recent form, yes — Shadowfax Technologies Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 26 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 7 months the stock moved +132% against the NIFTY 500's −2% — ahead of the index over the full window. — as of 11 September 2026.

Will Shadowfax Technologies Ltd's share price go up?

This page publishes no price forecast for Shadowfax Technologies Ltd. What it measures instead: the share price is ₹253, the price is in a confirmed uptrend 31 weeks in. Its P/E of 87.9× sits at the 54th percentile of its own 1-year range. — as of 11 September 2026.

Who owns Shadowfax Technologies Ltd?

Promoters hold 16.5% of Shadowfax Technologies Ltd, foreign institutions 8.8%, domestic institutions 19.1% and the public 55.6% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.

Does Shadowfax Technologies Ltd have too much debt?

No — Shadowfax Technologies Ltd's debt-to-equity is 0.14, and operating profit covers the interest bill 8×. FY26 borrowings were ₹247 Cr against equity of ₹1,745 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is Shadowfax Technologies Ltd's capex?

Shadowfax Technologies Ltd spent ₹715 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹376 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Shadowfax Technologies Ltd's cash flow?

Shadowfax Technologies Ltd generated ₹350 Cr of operating cash flow in FY26 and ₹−26.0 Cr of free cash flow after ₹376 Cr of capital spending. Reported profit that year was ₹112 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Shadowfax Technologies Ltd's profit real cash?

Yes — over the last 2 fiscal years, 339% of Shadowfax Technologies Ltd's reported profit arrived as operating cash. Though the latest year ran at 313% — the trend is the thing to watch. In FY26, operating cash was ₹350 Cr against reported profit of ₹112 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is Shadowfax Technologies Ltd in its business cycle?

Shadowfax Technologies Ltd's FY26 operating margin was 5.0%, against a 4-year band of −8.0%–5.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 7.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What could break the Shadowfax Technologies Ltd story?

Biggest watch item: the price is already 31 weeks into its uptrend — timing risk, not thesis risk. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Shadowfax Technologies Ltd a stock worth studying right now?

This is not investment advice. The machine read: Shadowfax Technologies Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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