Shadowfax Technologies (BOM:544685) Piotroski F-Score: 8 (As of Aug. 09, 2026) — Near Median

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BOM:544685 Shadowfax Technologies Ltd BOM:544685
14 GF Score
Price ₹241.55
! 5 Warning Signs
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What is Shadowfax Technologies Piotroski F-Score?

Shadowfax Technologies BOM:544685 +0.54% 14 Piotroski F-Score is 8 as of Aug. 09, 2026, which is at its 10-year median of 8.00. GuruFocus rates BOM:544685 with a GF Score™ of 14/100. The stock has 5 warning signs investors should review. Among 980 Transportation companies, Shadowfax Technologies ranks better than 97.04% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Shadowfax Technologies has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Shadowfax Technologies's Piotroski F-Score or its related term are showing as below:

BOM:544685' s Piotroski F-Score Range Over the Past 10 Years
Min: 7   Med: 8   Max: 8
Current: 8

During the past 4 years, the highest Piotroski F-Score of Shadowfax Technologies was 8. The lowest was 7. And the median was 8.

Shadowfax Technologies  (BOM:544685) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Shadowfax Technologies Piotroski F-Score Related Terms


Shadowfax Technologies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shadowfax Technologies's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shadowfax Technologies Piotroski F-Score Chart

Shadowfax Technologies Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 7.00 8.00

Shadowfax Technologies Quarterly Data
Mar23 Mar24 Mar25 Jun25 Sep25 Mar26 Jun26
Piotroski F-Score Get a 7-Day Free Trial 7.00 0.00 0.00 8.00 0.00

BOM:544685 vs UPS, FDX, JBHT: Piotroski F-Score Comparison

For the Integrated Freight & Logistics subindustry, Shadowfax Technologies's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shadowfax Technologies Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Shadowfax Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Shadowfax Technologies's Piotroski F-Score falls into.


BOM:544685
14GF Score
Shadowfax Technologies Ltd BOM:544685
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹1,117 Mil.
Cash Flow from Operations was ₹3,501 Mil.
Revenue was ₹42,024 Mil.
Gross Profit was ₹38,099 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (12592.55 + 28339) / 2 = ₹20465.775 Mil.
Total Assets at the begining of this year (Mar25) was ₹12,593 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1,791 Mil.
Total Current Assets was ₹16,375 Mil.
Total Current Liabilities was ₹8,894 Mil.
Net Income was ₹64 Mil.

Revenue was ₹24,851 Mil.
Gross Profit was ₹22,196 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (7861.37 + 12592.55) / 2 = ₹10226.96 Mil.
Total Assets at the begining of last year (Mar24) was ₹7,861 Mil.
Long-Term Debt & Capital Lease Obligation was ₹815 Mil.
Total Current Assets was ₹8,923 Mil.
Total Current Liabilities was ₹4,939 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Shadowfax Technologies's current Net Income (TTM) was 1,117. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Shadowfax Technologies's current Cash Flow from Operations (TTM) was 3,501. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=1117.1/12592.55
=0.08871118

ROA (Last Year)=Net Income/Total Assets (Mar24)
=64.3/7861.37
=0.00817924

Shadowfax Technologies's return on assets of this year was 0.08871118. Shadowfax Technologies's return on assets of last year was 0.00817924. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Shadowfax Technologies's current Net Income (TTM) was 1,117. Shadowfax Technologies's current Cash Flow from Operations (TTM) was 3,501. ==> 3,501 > 1,117 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1791.4/20465.775
=0.0875315

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=815.2/10226.96
=0.07971088

Shadowfax Technologies's gearing of this year was 0.0875315. Shadowfax Technologies's gearing of last year was 0.07971088. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=16374.9/8894.2
=1.84107621

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=8922.57/4938.82
=1.8066198

Shadowfax Technologies's current ratio of this year was 1.84107621. Shadowfax Technologies's current ratio of last year was 1.8066198. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Shadowfax Technologies's number of shares in issue this year was 512.431. Shadowfax Technologies's number of shares in issue last year was 578.133. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=38099.4/42024.4
=0.90660188

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=22195.5/24851.3
=0.89313235

Shadowfax Technologies's gross margin of this year was 0.90660188. Shadowfax Technologies's gross margin of last year was 0.89313235. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=42024.4/12592.55
=3.33724305

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=24851.3/7861.37
=3.16119201

Shadowfax Technologies's asset turnover of this year was 3.33724305. Shadowfax Technologies's asset turnover of last year was 3.16119201. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Shadowfax Technologies has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Shadowfax Technologies (BOM:544685) has a Piotroski F-Score of 8 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shadowfax Technologies and its competitors. This is near median its historical median of 8.00. Over the past decade, Shadowfax Technologies' Piotroski F-Score has ranged from 7.00 to 8.00. According to the industry distribution chart, Shadowfax Technologies ranks #29 out of 980 companies in the Transportation industry, placing it in the top 3%.
Is Shadowfax Technologies' Piotroski F-Score too high?
Shadowfax Technologies' current Piotroski F-Score of 8 is near median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Shadowfax Technologies' value of 8 is 33.3% above this industry median. Based on the distribution chart, Shadowfax Technologies ranks #29 out of 980 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Shadowfax Technologies has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Shadowfax Technologies' Piotroski F-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Shadowfax Technologies ranks #29 out of 980 companies for Piotroski F-Score. This places Shadowfax Technologies in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Shadowfax Technologies' value of 8 is 33.3% above this benchmark. Historically, Shadowfax Technologies' own Piotroski F-Score has ranged from 7.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 6.00, Shadowfax Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 980 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shadowfax Technologies's current Piotroski F-Score of 8 is 33.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shadowfax Technologies and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shadowfax Technologies's current Piotroski F-Score is 8, which is near median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shadowfax Technologies stock overvalued right now?
Shadowfax Technologies (BOM:544685) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is near median its 10-year median of 8.00 and 33.3% above the Transportation industry median of 6.00. Shadowfax Technologies' overall GF Score™ is 14/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Shadowfax Technologies (BOM:544685), the current Piotroski F-Score is 8 as of Aug. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shadowfax Technologies Business Description

Other Exchanges SHADOWFAX:India
Address Outer Ring Road, Survey No. 55/3 & 55/4, 3rd Floor, Shilpitha Tech Park, Devarabisanahalli Village, Bellandur, Varthur Hobli, Bengaluru, KA, IND, 560103
Shadowfax Technologies Ltd is engaged in the business of providing platform for logistics services using technology to Business to Business customers. The company provides logistics services to enterprise clients across sectors including e-commerce, quick commerce, food marketplaces, and on-demand mobility. Its offerings include express parcel delivery, reverse logistics, exchange deliveries, scheduled and time-bound deliveries, hyperlocal and on-demand deliveries, mobility-related services, and other logistics solutions. The company derives revenue from the provision of its logistics and delivery services, with the majority generated from its Express forward parcel services.
14GF Score

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