Shadowfax stock nearly doubles since listing as Q4 revenue jumps 74% and express share hits 27-29%

Logistics player Shadowfax has nearly doubled from its weak debut to ~Rs 223, taking market cap to ~Rs 13,037 cr. Q4 FY26 revenue rose 74% YoY to Rs 1,237 cr with PAT of Rs 56 cr; FY26 revenue hit Rs 4,202 cr (+69%). Orders doubled to 22.6 cr, dark stores scaled 15 to 100, and Amazon Now onboarding lifted sentiment.

— FiledFri, 26 Jun, 2026, 16:31 IST·First seen Fri, 26 Jun, 2026, 16:30 IST·Source Entrackr

What happened

Shadowfax stock has nearly doubled post-listing on strong Q4 FY26 results (revenue +74%, profit Rs 56 cr), rising express logistics market share to 27-29%,

Key facts

  • Stock ~Rs 223
  • Market cap ~Rs 13,037 cr
  • Q4 FY26 revenue Rs 1,237 cr (+74% YoY)
  • Q4 PAT Rs 56 cr
  • FY26 revenue Rs 4,202 cr (+69%)
  • FY26 PAT Rs 112 cr
  • 22.6 cr orders (+101%)
  • Express market share 27-29%
  • Dark stores 15 to 100
  • Prime Large 6,000 to 10,000 pin codes

Why this matters

With 27-29% express share, Amazon Now onboarding, and a Rs 13,037 cr market cap, Shadowfax is consolidating its position as the must-partner or must-counter player in India's last-mile stack.

What to watch

  • Q1 FY27 results: sequential revenue and PAT trajectory
  • Sell-side initiation reports and target prices
  • Block deals or bulk insider exits post lock-in
  • New quick-commerce client wins or losses
  • Express market share data from industry trackers
  • Fuel/labor cost inflation hitting last-mile margins
  • Track anchor/pre-IPO lock-in expiry calendar and insider sell disclosures
  • Monitor Amazon Now city rollout cadence and Shadowfax share of deliveries
  • Benchmark express take-rate vs Delhivery quarterly disclosures
  • Watch dark store unit economics: orders/store/day at the 100-store base
  • Flag any Zepto/Blinkit/Instamart insourcing announcements that shrink TAM

Also reported by