MarketFriction

Sical Logistics Ltd

NSE SICALLOG · BSE 520086 · Logistics Solution Provider
₹87.08 -4.51%
NSE close2026-10-01
52 week range60.11 - 122.50
Market cap₹712 Cr.
P/E2,886
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales62454442495081989093105133
Expenses5841454045437375727586108
Operating Profit44-124792318181925
OPM %6%9%-1.9%3.6%9%15%11%24%20%19%18%19%
Other Income929921121333058219
Interest101110101111121523171713
Depreciation131111111097101010108
Profit before tax-1012-12-17-5-102-01449-622
Tax %5%2%21%2%11%-57%9%2,664%7%2%50%6%
Net Profit-1011-15-18-6-52-31348-921
EPS in Rs-0.420.53-0.65-0.86-0.32-0.22-0.20-0.210.562.30-1.252.52
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8551,0331,3551,7321,006504349392221222386421
Expenses7538831,1821,5591,028513388365204200307340
Operating Profit102149173173-22-9-392817217880
OPM %12%14%13%10%-2.2%-1.9%-11%7%8%10%20%19%
Other Income15155629-939-120-780472992108
Interest5759626455139211939437269
Depreciation344363728479715648384240
Profit before tax26635343-133-1,167-252-828-24-315780
Tax %28%39%43%44%-18%0%2%1%19%-15%14%
Net Profit19393418-122-1,166-266-834-28-264974
EPS in Rs1.042.211.921.10-5.71-61.91-13.90-39.94-1.35-1.246.184.13
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-8%-5%-1%52%
Compounded Profit Growth%13%15%101%
Stock Price CAGR-5%54%%3%
Return on Equity%%-136%-67%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital565656565959595965656580
Reserves387400438469544433-726-989-12-37-7052
Borrowings7611,0021,2561,3301,4141,2791,2641,766483507608485
Other Liabilities5395155425967339961,135730256232256290
Total Liabilities1,7431,9722,2932,4512,7492,7671,7311,566793768859907
Fixed Assets569764901921907940839764605557602555
CWIP6916737658791,0281,284394408010524
Investments01717241869111116
Other Assets483519610627795537488393187199204331
Total Assets1,7431,9722,2932,4512,7492,7671,7311,566793768859907
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7575551205429215868782052
Cash from Investing Activity-137-188-241-184-217-242-26-5570-7-6420
Cash from Financing Activity6811919832168-47-110-36-2325-3-88
Net Cash Flow6711-335323-235325-47-16
Free Cash Flow-81-126-217-56-1522112256354-3571
CFO/OP88%84%32%75%53%-1,319%-1,681%-103%14%26%59%76%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7387101838487154148517311991
Inventory Days
Days Payable
Cash Conversion Cycle7387101838487154148517311991
Working Capital Days-35-65-94-118-92-393-1,211-2,006-135-297-491-43
ROCE %5%5%7%6%5%-4%-6%-11%-3%-3%-1%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters95.00%95.00%93.79%93.79%90.00%90.00%90.00%89.89%89.87%89.87%73.50%73.50%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.09%3.09%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.07%0.10%
Public4.97%4.98%6.19%6.18%9.97%9.98%9.99%10.10%10.10%10.11%23.33%23.30%
No. of Shareholders48,86044,15742,87441,95341,80041,43440,99040,72140,33039,95840,05140,121

Fundamentals

Market Cap₹ 712 Cr.
Current Price₹ 89.1
Stock P/E2,886
Book Value₹ 16.5
ROCE5.76 %
ROE-67.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)52%
Compounded Profit Growth (TTM)101%
Consolidated figures.
Valuation
Market capRs 695 Cr
Enterprise valueRs 1,114 Cr
P/E (TTM)9.94x
Price to book5.29x
Price to sales1.65x
EV / EBITDA5.90x
EV / EBIT7.47x
EV / sales2.65x
Price to cash flow13.28x
Earnings yield10.06%
P/E, 3-year average10.20x
P/B, 3-year average-18.78x
P/E, 5-year average10.20x
P/B, 5-year average-11.12x
Profitability
Operating margin (excl. other income)20.31%
Operating margin (incl. other income)44.29%
EBITDA margin44.87%
Pre-tax margin18.94%
Net profit margin16.61%
Net margin, latest quarter15.15%
ROE77.90%
ROCE21.18%
ROA5.58%
ROE, 3-year average-68.87%
ROCE, 3-year average8.75%
ROA, 3-year average-0.41%
ROE, 5-year average3.22%
ROCE, 5-year average-24.75%
ROA, 5-year average-17.55%
ROIC (approx.)23.33%
Tax rate13.89%
Other income / net worth70.44%
Growth
Sales growth (latest year)73.87%
Sales CAGR, 3 years-0.55%
Sales CAGR, 5 years-5.20%
Sales growth QoQ26.06%
Sales growth YoY (latest quarter)35.92%
Per share
EPS (TTM)Rs 8.76
EPS (latest year)Rs 6.18
EPS (latest quarter)Rs 2.52
EPS, 3-year averageRs -0.71
EPS, 5-year averageRs -34.88
Book value per shareRs 16.46
Sales per shareRs 52.73
Cash flow per shareRs 6.56
Free cash flow per shareRs 8.90
Efficiency
Asset turnover0.43x
Fixed asset turnover0.69x
Inventory turnover6415.25x
Inventory days0 days
Debtor days91 days
Debtors turnover4.02x
Cash conversion cycle91 days
Working capital days-43 days
Leverage
Total debtRs 485 Cr
Cash and bankRs 66 Cr
Net debtRs 419 Cr
Debt to equity3.69x
Net debt / EBITDA2.22x
Interest coverage2.15x
Current ratio (filing 2026-03-31)1.12x
Quick ratio (filing 2026-03-31)1.12x
Trade payables (filing 2026-03-31)Rs 64 Cr
Owners' fund to total sources14.48%
Debt to assets53.49%
Cash flow
Cash from Operating Activity (latest year)Rs 52 Cr
Cash from Investing Activity (latest year)Rs 20 Cr
Cash from Financing Activity (latest year)Rs -88 Cr
Net Cash Flow (latest year)Rs -16 Cr
Free cash flow (latest year)Rs 71 Cr
FCFE (approx.: FCF + change in debt)Rs -52 Cr
Sales to cash flow7.37x
Statement figures
Net sales (TTM)Rs 421 Cr
Net sales (latest year)Rs 386 Cr
Sales (latest quarter)Rs 133 Cr
Operating profit excl. other income (latest year)Rs 78 Cr
Operating profit (latest quarter)Rs 25 Cr
Other income (TTM)Rs 108 Cr
EBITDA (TTM)Rs 189 Cr
PBDT (TTM)Rs 119 Cr
Profit before tax (TTM)Rs 80 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 70 Cr
Net profit (latest year)Rs 49 Cr
Net profit (latest quarter)Rs 20 Cr
Depreciation (TTM)Rs 40 Cr
Depreciation (latest quarter)Rs 8 Cr
Interest (TTM)Rs 69 Cr
Cost of goods sold (latest year)Rs 257 Cr
Total expenditure (latest year)Rs 307 Cr
Total income (latest year)Rs 478 Cr
Share capitalRs 80 Cr
ReservesRs 52 Cr
Shareholders' fundsRs 131 Cr
Total assetsRs 907 Cr
Net blockRs 555 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 16 Cr
ReceivablesRs 96 Cr
InventoryRs 0 Cr
Other liabilitiesRs 290 Cr
Shares outstanding (crore)7.98
Ownership
Promoter holding73.50% (-16.39 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.9 is at the 24th percentile of its own 3.8-year range (median 26.9, low 1.9, high 43.5).
P/B 5.29 is at the 66th percentile (median 2.60).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSICALLOGNifty 50Difference
1 week-6.8%-2.8% -4.0 pts
1 month-11.8%-6.8% -5.0 pts
3 months-6.6%-7.6% +1.0 pts
6 months+34.1%+0.4% +33.7 pts
1 year-11.2%-9.9% -1.3 pts
2 years-55.3%-13.6% -41.8 pts
3 years+1217.4%+14.2% +1203.2 pts
5 years+756.2%+27.9% +728.4 pts

Red flags

F-score 8 of 8
lookProfit leans on other income Other income was 162% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-09-30: Sical Logistics Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-23CTL Trusteeship LimitedAcquirerbuy11,900,000SAST Others
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹133 Cr +35.7% vs Jun 2025. Net profit ₹21 Cr +800.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-02-18Rights 11:5 @ Premium Rs 54/-
DateTypeWhat it says
2026-09-30Change in AuditorsChange in Auditors of the company.
2026-09-30Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of 71st Annual General Meeting held on September 30, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-04-27NCLTS Lakshmisubramanian (IRP) of M/s Sical Logistics Ltd Vs The Commissioner Office of the Commissioner Central Excise & CGST & 2 Others
2021-04-27NCLTCommittee of Creditors of M/s Sical Logistics Ltd Vs S Lakshmisubramanian (IRP) of M/s Sical Logistics Ltd
2021-04-27NCLTCommittee of Creditors of M/s Sical Logistics Ltd Vs S Lakshmisubramanian (IRP) of M/s Sical Logistics Ltd
2021-02-25NCLTIDFC First Bank Ltd Vs Sical Logistics Ltd & 1 Another
2020-09-16NCLTMOI Toyofuji Automotive Logistics India Pvt Ltd Vs SICAL Logistics Pvt Ltd
2020-01-08NCLATState Bank of India VS Sical Logistics Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
ESM: stage 1Less than 100 unique PAN traded in previous 30 days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03