Sical Logistics Limited – Investor Presentation Summary

Key Operational Highlights

  • Mining Logistics handled significant overburden removal projects including Nigahi OCP (472.5 Mn T contract) and SECL Porda-Chimtapani project
  • Container Freight Stations handled volumes: Chennai 148,192 TEUs (+14% YoY), Tuticorin 27,492 TEUs, Vizag 24,362 TEUs (+31% YoY)
  • Multi-Modal Logistics Park at Chennai commenced commercial operations in December 2025
  • Warehousing & 3PL operations span 20 warehouses with 1.2 Mn sq ft cumulative area including temperature-controlled facilities

Segment-wise Performance

Mining Logistics

  • Q2FY27 Revenue: ₹477.0 Million (+31.3% YoY)
  • H1FY27 Revenue: ₹1,186.7 Million (+47.9% YoY)
  • Margin pressure due to monsoon-related production shortfalls

Terminals (CFS & MMLP)

  • Q2FY27 Revenue: ₹385.7 Million (+13.3% YoY)
  • H1FY27 Revenue: ₹829.9 Million (+18.6% YoY)
  • Q2FY27 EBITDA: ₹81.8 Million (+16.6% YoY)
  • H1FY27 EBITDA: ₹179.2 Million (+12.5% YoY)

Warehousing & 3PL

  • Q2FY27 Revenue: ₹191.9 Million
  • H1FY27 Revenue: ₹363.8 Million
  • Q2FY27 EBITDA: ₹9.9 Million (+29.4% YoY)
  • H1FY27 EBITDA: ₹22.3 Million (+29.3% YoY)

Financial Highlights

Q2FY27 Performance

  • Total Revenue: ₹1,054.6 Million (+17.4% YoY)
  • Mining Logistics: ₹477.0 Million
  • Terminals: ₹385.7 Million
  • Warehousing & 3PL: ₹191.9 Million

H1FY27 Performance

  • Total Revenue: ₹2,380.4 Million (+27.1% YoY)
  • Mining Logistics: ₹1,186.7 Million
  • Terminals: ₹829.9 Million
  • Warehousing & 3PL: ₹363.8 Million

EBITDA Performance (excludes Other Income)

  • Mining Logistics: Faced margin pressure due to monsoon season production shortfalls
  • Terminals: Strong growth with 16.6% increase in Q2
  • Warehousing & 3PL: 29.4% growth in Q2

Geographical Revenue Split

Container Freight Stations Catchment Areas

  • Chennai CFS: Tamil Nadu, Karnataka, Andhra Pradesh
  • Tuticorin CFS: Tamil Nadu
  • Vizag CFS: Andhra Pradesh, Chhattisgarh, Odisha

Balance Sheet Snapshot (as of Mar-26)

Assets

  • Property, plant & equipment: ₹5,066 Million
  • Capital work in progress: ₹42 Million
  • Right-of-use assets: ₹440 Million
  • Trade receivables: ₹960 Million
  • Cash & bank balances: ₹660 Million
  • Total assets: ₹9,073 Million

Liabilities & Equity

  • Borrowings (non-current): ₹3,572 Million
  • Borrowings (current): ₹763 Million
  • Lease liabilities (non-current): ₹387 Million
  • Lease liabilities (current): ₹129 Million
  • Total equity: ₹2,696 Million

Capex & Cash Flow Health

FY26 Cash Flow Highlights

  • Net cash from operating activities: ₹523 Million (2.6x YoY increase)
  • Operating profit before working capital changes: ₹843 Million (3.1x YoY increase)
  • Net outflow from financing activities: ₹879 Million (reflecting debt reduction)
  • Cash & cash equivalents at period end: ₹313 Million

Strategic & R&D Initiatives

New Contract Wins

  • SECL Porda-Chimtapani Mining Project: 140-month contract, ₹34,222 Million value
  • CCL Dhori Project: 60-month contract, ₹5,347 Million value (includes 18% GST)
  • Total new contracts: ₹39,569 Million

Infrastructure Development

  • Chennai MMLP: Commercial commencement December 2025
  • Bengaluru land parcel: Planned development for rail-linked logistics corridor

Technology & Innovation

  • Terminal automation and real-time cargo tracking systems
  • Integrated IT systems improving operational visibility
  • Pioneered dwarf and fly-ash containers to widen Indian Railways' commodity basket

Industry Trends & Business Environment

Market Growth Drivers

  • Coal production expected to rise from 998 Mn T (FY24) to 1,290 Mn T (FY29)
  • Private rail-linked terminal share expected to increase from 40% (FY25) to 55% (FY30)
  • Warehousing demand CAGR: 12.8% (FY25E–FY30P)
  • 3PL demand CAGR: 16.2% (FY25E–FY30P)

Policy Support

  • National Logistics Policy targeting logistics costs reduction to 8% of GDP by 2030
  • National Rail Policy promoting modal shift to rail (targeting 45% freight share)
  • PM Gati Shakti Scheme integrating infrastructure planning
  • Dedicated Freight Corridors reducing transit time and cost

Management Commentary & Growth Outlook

Strategic Focus Areas

  • Leveraging 7+ decades experience in coal mining for further expansion
  • Capturing underserved southern rail-linked logistics corridor
  • Scaling CFS, warehousing & 3PL markets
  • Benefiting from structural policy support

Market Position

  • Chennai CFS recognized as top-performing CFS in southern region (FY23-FY26)
  • 10%+ market share in Chennai CFS segment
  • Strong relationships with port authorities, PSUs, and large industrial clients

Operational Strengths

  • Owned terminal infrastructure with majority assets owned
  • Asset-light model in Warehousing & 3PL based on leasing and partnerships
  • Single-window coordination across ports, terminals, rail and inland logistics
  • Strategic outsourcing partnerships limiting capital expenditure