Sical Logistics Ltd.

•

sical.inBSE: 520086NSE: SICALLOG

Market Cap₹ 781 Cr.

Current Price

High / Low₹ 122 / 60

Stock P/E11.0

Book Value₹ 19

Price to Book-112.94

Dividend Yield0.00 %

ROCE2.4 %

ROE-217.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2011 • Logistics: 100.8% • Eliminations: -0.8%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 810.4% YoY, showing strong momentum
Operating margins have improved to 9.7% from -9.0%
Working capital cycle has improved - days down from -103 to -352
Company generates healthy free cash flow
Institutional investors have been accumulating - FII+DII up 3.2pp

CONS

Company is loss-making at the operating / net level
Net worth is negative - accumulated losses have eroded equity
Company has a low return on equity of -88.4% over last 3 years
Company has a low return on capital employed of -58.7%
Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -20.3pp

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesLogisticsLogistics

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	CONCOR	499.80	30.65	38065.66	1.72	268.90	0.61	2159.76	0.28	13.63	20.41
2.	DELHIVERY	438.60	351.36	32864.05	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	253.25	133.05	14862.94	0.00	654.00	6732.86	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	629.05	67.88	11459.23	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	859.95	14.47	6607.09	1.16	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	130.35	88.81	5751.35	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	18.88	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	396.65	102.33	3937.84	0.63	278.30	3048.09	20028.80	1132.85	10.40	5.76
9.	SINDHUTRAD	24.08	47.98	3712.96	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.34	10.91	2665.10	6.09	51.27	-17.56	549.30	-0.21	17.99	21.31
11.	TCIEXP	513.50	23.94	1974.11	1.36	20.49	5.24	313.40	9.29	13.92	10.03
12.	SICALLOG	97.90	10.99	781.09	0.00	21.24	810.37	132.58	35.92	2.38	18.84

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70	62	45	44	42	49	50	81	98	90	93	105	133
	64	54	41	45	40	45	43	73	75	72	75	86	129
Operating Profit	6	7	4	-1	2	4	7	9	23	18	18	19	4
OPM %	8.80%	11.75%	8.90%	-1.88%	3.62%	8.57%	14.56%	10.54%	23.51%	20.16%	19.16%	18.47%	2.87%
	8	9	29	9	2	11	2	13	3	30	58	2	-16
Interest	9	10	11	10	10	11	11	12	15	23	17	17	13
Depreciation	13	13	11	11	11	10	9	7	10	10	10	10	8
Profit before Tax	-8	-6	12	-12	-17	-5	-10	2	-0	14	49	-6	22
Tax %	-15.30%	-7.56%	1.99%	-20.78%	-2.14%	-11.19%	56.79%	8.79%	-2663.64%	6.58%	2.39%	-49.91%	5.60%
Net Profit	0	0	0	0	-18	-6	-4	2	-3	13	48	-9	21
	-1.66	-1.09	1.68	-2.09	-2.75	-1.01	-0.71	-0.61	-0.46	2.01	6.93	-1.42	2.86

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	777	1,033	1,355	1,525	1,006	504	349	392	221	222	421
	676	886	1,194	1,353	1,028	518	389	365	204	200	362
Operating Profit	102	147	161	172	-22	-14	-41	27	17	21	59
OPM %	13.06%	14.26%	11.89%	11.29%	-2.23%	-2.77%	-11.63%	6.91%	7.51%	9.68%	14.07%
	15	17	16	6	29	-935	-119	-743	56	29	74
Interest	57	59	62	64	55	139	21	19	39	43	69
Depreciation	34	43	63	72	84	79	71	56	48	38	40
Profit before Tax	26	63	53	43	-133	-1,167	-252	-791	-15	-31	80
Tax %	28.21%	39.12%	42.70%	43.55%	17.68%	-0.20%	-2.05%	-0.81%	-29.55%	15.42%	7.85%
Net Profit	19	38	30	24	-109	-1,169	-257	-798	-20	-26	73
EPS	0.00	0.00	0.00	0.00	-18.29	-198.15	-44.50	-133.03	-3.78	-5.13	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -12%
5 Years:: -26%
3 Years:: -14%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 30%

RETURN ON EQUITY

10 Years:: -26%
5 Years:: -53%
3 Years:: -88%
Last Year:: -217%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	56	56	56	59	59	59	59	65	65	65
Minority Interest	187	188	197	193	176	170	165	109	127	134
	400	438	469	544	433	-726	-989	-12	-37	-70
	911	1,052	1,040	1,430	1,394	1,318	1,377	481	347	326
Trade Payables	76	92	108	121	194	169	382	66	42	48
	344	468	582	402	501	734	570	82	222	354
Total Liabilities	1,972	2,293	2,451	2,749	2,758	1,723	1,562	791	766	857
	764	901	921	907	940	839	764	605	557	602
Capital Work in Progress	673	765	879	1,028	1,284	394	408	0	10	52
	17	17	24	18	6	9	1	1	1	1
	13	14	14	15	16	15	9	0	0	0
	0	0	0	0	0	0	0	0	44	72
Cash & Bank	29	41	8	61	50	65	87	82	119	87
	476	556	605	720	461	400	293	103	34	44
Total Assets	1,972	2,293	2,451	2,749	2,758	1,723	1,562	791	766	857

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	86	47	130	91	296	159	40	4	8	20
Cash from Investing	-188	-241	-184	-217	-242	-26	-55	79	-7	-64
Cash from Financing	119	198	32	168	-47	-110	-36	-23	25	-3
	7	11	-33	5	3	23	-23	62	26	-47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	93.79	90.00	90.00	90.00	89.89	89.87	89.87	73.50	73.50
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.09	3.09
	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.07	0.10
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	6.19	9.98	9.98	9.98	10.10	10.11	10.11	23.33	23.30

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Updates

2026-09-07 - Sical Logistics Limited has informed the Exchange regarding Intimation under Regulations 30 and 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("'the SEBI Listing Regulations').

2026-09-07

Shareholders meeting

2026-09-07 - Sical Logistics Limited has submitted the Voting Results, Scrutinizer s Report and Minutes of Postal Ballot Proceedings pursuant to Postal Ballot Notice dated July 30, 2026

2026-09-04

Shareholders meeting

2026-09-04 - Sical Logistics Limited has informed the Exchange regarding summary of the Postal Ballot Proceedings

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Sical Logistics Limited has informed the Exchange about submission of copies of Newspaper Publication - Post-Dispatch Notice of 71st Annual General Meeting (AGM)

2026-09-03

Shareholders meeting

2026-09-03 - Sical Logistics Limited has informed the Exchange regarding Notice of the 71st Annual General Meeting to be held on September 30, 2026

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Sical Logistics Limited has informed the Exchange about submission of copies of Newspaper Publications - Pre-Dispatch Notice of 71st Annual General Meeting.

2026-09-01

Bagging/Receiving of orders/contracts

2026-09-01 - Sical Logistics Limited has informed the Exchange about Receiving of Letter of Acceptance

2026-09-01

Change in Management

2026-09-01 - Sical Logistics Limited has informed the Exchange regarding the Appointment of Internal Auditor of the Company for the Financial Year 2026-27

2026-09-01

Outcome of Board Meeting

2026-09-01 - Sical Logistics Limited has informed the Exchange regarding Outcome of Board Meeting held on September 01, 2026.

News

Recent coverage and analyst commentary for SICALLOG

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Sical Logistics Ltd.

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Free 5nance Account

Name

CONCOR

499.80

30.65

38065.66

1.72

268.90

0.61

2159.76

0.28

13.63

20.41

DELHIVERY

438.60

351.36

32864.05

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

253.25

133.05

14862.94

0.00

654.00

6732.86

13581.20

1806.32

11.58

6.76

BLACKBUCK

629.05

67.88

11459.23

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

859.95

14.47

6607.09

1.16

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

130.35

88.81

5751.35

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

VRLLOG

231.45

18.88

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

MAHLOG

396.65

102.33

3937.84

0.63

278.30

3048.09

20028.80

1132.85

10.40

5.76

SINDHUTRAD

24.08

47.98

3712.96

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.34

10.91

2665.10

6.09

51.27

-17.56

549.30

-0.21

17.99

21.31

TCIEXP

513.50

23.94

1974.11

1.36

20.49

5.24

313.40

9.29

13.92

10.03

SICALLOG

97.90

10.99

781.09

0.00

21.24

810.37

132.58

35.92

2.38

18.84

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

105

133

129

Operating Profit

-1

OPM %

8.80%

11.75%

8.90%

-1.88%

3.62%

8.57%

14.56%

10.54%

23.51%

20.16%

19.16%

18.47%

2.87%

-16

Interest

Depreciation

Profit before Tax

-8

-6

-12

-17

-5

-10

-0

-6

Tax %

-15.30%

-7.56%

1.99%

-20.78%

-2.14%

-11.19%

56.79%

8.79%

-2663.64%

6.58%

2.39%

-49.91%

5.60%

Net Profit

-18

-6

-4

-3

-9

-1.66

-1.09

1.68

-2.09

-2.75

-1.01

-0.71

-0.61

-0.46

2.01

6.93

-1.42

2.86

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

777

1,033

1,355

1,525

1,006

504

349

392

221

222

421

676

886

1,194

1,353

1,028

518

389

365

204

200

362

Operating Profit

102

147

161

172

-22

-14

-41

OPM %

13.06%

14.26%

11.89%

11.29%

-2.23%

-2.77%

-11.63%

6.91%

7.51%

9.68%

14.07%

-935

-119

-743

Interest

139

Depreciation

Profit before Tax

-133

-1,167

-252

-791

-15

-31

Tax %

28.21%

39.12%

42.70%

43.55%

17.68%

-0.20%

-2.05%

-0.81%

-29.55%

15.42%

7.85%

Net Profit

-109

-1,169

-257

-798

-20

-26

EPS

0.00

-18.29

-198.15

-44.50

-133.03

-3.78

-5.13

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

187

188

197

193

176

170

165

109

127

134

400

438

469

544

433

-726

-989

-12

-37

-70

911

1,052

1,040

1,430

1,394

1,318

1,377

481

347

326

Trade Payables

108

121

194

169

382

344

468

582

402

501

734

570

222

354

Total Liabilities

1,972

2,293

2,451

2,749

2,758

1,723

1,562

791

766

857

764

901

921

907

940

839

764

605

557

602

Capital Work in Progress

673

765

879

1,028

1,284

394

408

Cash & Bank

119

476

556

605

720

461

400

293

103

Total Assets

1,972

2,293

2,451

2,749

2,758

1,723

1,562

791

766

857

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

130

296

159

Cash from Investing

-188

-241

-184

-217

-242

-26

-55

-7

-64

Cash from Financing

119

198

168

-47

-110

-36

-23

-3

-33

-23

-47

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

93.79

90.00

89.89

89.87

73.50

0.00

3.09

0.02

0.07

0.10

Government

0.00

6.19

9.98

10.10

10.11

23.33

23.30

Sical Logistics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Sical Logistics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI