Date: May 29, 2026

Business Overview

Sical Logistics Limited is an integrated logistics player founded in 1955. The company provides end-to-end logistics services including mining logistics, port operations, Container Freight Stations (CFS), rail logistics, warehousing services, and Multi-Modal Logistics Parks (MMLP). The company handles 25+ Million Tonnes of Bulk Cargo and 0.5 Million TEU under CFS annually.

Corporate History & Ownership

The Coffee Day Group acquired majority share in the Company in 2011. The company went through challenging times due to liquidity issues and underwent Insolvency in March 2021. Pristine Group, one of the leading logistics players in Northern India, acquired the Company in January 2023 to expand their footprints in the Southern region.

Financial Results (Consolidated)

  • Revenue: ₹3,804 million for FY26 (compared to ₹2,434 million in FY25)
  • EBITDA: ₹783 million for FY26 (compared to ₹274 million in FY25)
  • Profit Before Tax: ₹571 million for FY26 (compared to loss of ₹307 million in FY25)
  • Total Assets: ₹9,073 million as of March 31, 2026 (₹8,576 million as of March 31, 2025)
  • Total Equity: ₹2,696 million as of March 31, 2026 (₹1,296 million as of March 31, 2025)
  • Borrowings (Non-current): ₹3,572 million as of March 31, 2026 (₹2,375 million as of March 31, 2025)
  • Borrowings (Current): ₹763 million as of March 31, 2026 (₹2,941 million as of March 31, 2025)
  • Cash & Bank Balances: ₹660 million as of March 31, 2026 (₹865 million as of March 31, 2025)

Fundraising / Financing

The company raised ₹930.3 million in a Rights Issue in FY26 in the ratio of 11:5 to meet MPS requirement of 25% public float.

Orders & Contracts

Mining Logistics - Completed Execution:
  • Bharatpur-OCP (2014): Contract Qty 42 Million Ton, Duration 36 Months, Contract Value ₹2,500 Million
  • Lajkura OCP (2014): Contract Qty 14.2 Million Ton, Duration 24 Months, Contract Value ₹580 Million
  • Bharatpur-OCP (2017): Contract Qty 42 Million Ton, Duration 36 Months, Contract Value ₹2,500 Million
Mining Logistics - Execution In Progress:
  • Nigahi-OCP (2023): Contract Qty 472.5 Million Ton, Duration 60 Months, Contract Value ₹26,560 Million
  • Lajkura-OCP (2016): Contract Qty 53 Million Ton, Duration 60 Months, Contract Value ₹3,850 Million
  • Samleshwari-OCP (2016): Contract Qty 37 Million Ton, Duration 36 Months, Contract Value ₹2,630 Million
  • Jhingurda-OCP (2017): Contract Qty 28 Million Ton, Duration 48 Months, Contract Value ₹3,040 Million
  • Amlohri-OCP (2018): Contract Qty 145 Million Ton, Duration 60 Months, Contract Value ₹15,820 Million
  • SECL Porda-Chimtapani Mining Project (2026): Duration 140 Months, Contract Value ₹34,222 Million

Terminal Business - Container Freight Station (CFS)

The company operates CFS terminals providing container handling, storage, customs clearance support, and value-added services. The Chennai CFS was recognised as the top performing CFS in the Southern Region by NICDC Logistics Data Services in FY23, FY24, FY25, and FY26. Chennai CFS has 10%+ market share.

Terminal Business - Multi-Modal Logistics Parks (MMLP)

Sical has entered into MMLP business with the commercial commencement of first private MMLP at Chennai.

Warehousing & 3PL

The company recently entered the national super stockist model within pharmaceutical sector. Services include handling of inward and outward stocks, purchase order management, order processing, inventory management, and transportation. Value-added services include specialized repair, kitting, promo bundling, and shrink wrapping.

Board of Directors

The current board includes:

  • Amit Kumar - Director (28+ years experience in government, railways and logistics sector)
  • Rajnish Kumar - Director (28+ years experience with Indian Railways, CONCOR and Pristine Logistics)
  • Sanjay Mawar - Director (Member of Supreme Court Bar Association)
  • Sharad Kumar - Independent Director (30+ years in banking and financial service sector)
  • Satish Kumar Reddy - Chairman and Independent Director (28+ years as civil servant in Indian Revenue Service)
  • Neelaveni Vivekanandan - Independent Director (32+ years experience as practitioner of law)
  • S. Rajappan - Whole time Director (40+ years experience in Industrial relations matters)

Growth Strategies

  • Leveraging rich experience in coal mining for further expansion
  • Capturing the under-served southern rail-linked logistics corridor
  • Scaling through expanding CFS, Warehousing & 3PL Markets

Industry Overview

The CFS/ICD industry is valued at approximately ₹60-70 billion as of fiscal 2025. There are around 250 operational ICD/CFS facilities in India. The market is projected to grow at 4-6% CAGR over the next five years, reaching ₹80-90 billion.

Auditor

Ernst & Young LLP