What Sical logistics does

Sical Logistics Limited is an Indian integrated logistics and mining-services company headquartered in Chennai and listed on the National Stock Exchange under ticker SICAL. Founded in 1955, the company operates a multimodal platform combining rail and road transportation alongside large-scale coal mining and overburden excavation services, delivered primarily to government-owned coal mining PSUs in India. Its core customers are state-owned entities such as South Eastern Coalfields Limited (SECL), and the business model is anchored in long-dated enterprise contracts secured through formal tender processes — most notably the Rs 4,038 crore Letter of Acceptance for the Porda Chimtapani Open Cast project in Raigarh, Chhattisgarh, to be executed over 4,214 days.

Revenue is generated through two primary streams: multimodal logistics services (rail- and road-based freight movement for industrial and government clients, billed via transaction/contract fees) and mining and excavation services (multi-year overburden removal and coal production contracts, structured as long-duration licensing-style engagements). The company operates through a material subsidiary, Sical Multimodal and Rail Transport Limited, and its go-to-market is enterprise field sales targeted at major PSUs and large coal mining operations. Pricing is contract-based and not publicly disclosed, with deal sizes routinely in the hundreds to thousands of crores of rupees.

Sical's recent operating history is defined by a 2016 NCLT-approved resolution plan under the Insolvency and Bankruptcy Code, followed by debt restructuring — including a Rs 115 crore refinancing package with Axis Bank in July 2026. FY2026 (year ended March 2026) results show a financial turnaround: revenue rose 73.87% to Rs 385.68 crore and the company returned to a net profit of Rs 45.40 crore from a Rs 33.49 crore loss the prior year, though Q4 FY2026 still posted a consolidated net loss of Rs 9.95 crore. The company has 501-1,000 employees, a market capitalization of Rs 584.37 crore as of January 2026, and no disclosed AI/ML, software, or technology platform products beyond its physical logistics and mining infrastructure.

Name

Sical logistics

Legal name

Sical Logistics Limited

Website

https://sical.in

Company type

Public

Founded year

1955

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Sical Logistics Limited is a Chennai-based, publicly listed Indian provider of integrated multimodal (rail and road) logistics services and large-scale coal mining and excavation contracts, primarily serving government-owned mining PSUs such as South Eastern Coalfields Limited.

Ownership category

akta.pro rank

Product category

Logistics Services

NAICS

Short Line Railroads (482112), Specialized Freight (except Used Goods) Trucking, Long-Distance (48423)

SIC

Railroads, Line-Haul Operating (4011)

akta.pro primary industry

Defense & Government Project Logistics (TLACAIAG)

Keywords

• Multimodal logistics
• Rail freight transport
• Road transportation
• Coal mining services
• Contract mining

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Logistics Services: Multimodal logistics operations including rail and road transportation, providing integrated logistics solutions to industrial clients and government entities.
2. Mining and Excavation Services: Large-scale coal mining and overburden excavation contracts, such as the Rs 4,038 crore Porda Chimtapani Open Cast project, executed over multi-year periods.

Go-to-market motion1 record

Core offering

Sical Logistics Limited is an integrated logistics solutions provider offering multimodal rail and road transport, coal mining and excavation services, and end-to-end supply chain solutions across India. The company executes large-scale mining contracts — including a Rs 4,038 crore project with South Eastern Coalfields Limited (SECL) — through subsidiaries such as Sical Multimodal and Rail Transport Limited.

Differentiator

Problem solved

Functional benefit

Products and services

• Multimodal Logistics Services
• Coal Mining and Excavation Services

Quantifiable outcome

• Revenue grew 73.87% to Rs 385.68 crore in FY2026
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Delhivery: India's largest integrated logistics platform by volume, offering express parcel, freight, and supply chain services. Comparable broad logistics platform but more tech-enabled and focused on e-commerce/consumer customers rather than industrial mining clients.
• Adani Logistics: Logistics arm of Adani Group with rail, road, warehousing, and port-led multimodal logistics operations. Significantly larger and broader in scope than Sical but comparable in infrastructure-led multimodal logistics targeting industrial customers.
• Mahindra Logistics: Large Indian 3PL with broad supply chain management capabilities across multiple verticals. Larger and more diversified than Sical but comparable in offering integrated enterprise logistics solutions to industrial customers.

Direct peers

• TCI Express: Express cargo and logistics arm of Transport Corporation of India, offering multimodal and time-sensitive freight services. Comparable in multimodal logistics offerings for industrial and enterprise customers across India.
• Gati: Express distribution and supply chain solutions provider in India, now part of Allcargo group. Comparable multimodal and enterprise logistics offerings targeting industrial customers across India.
• Patel Integrated Logistics: Indian logistics company offering transport, warehousing, and supply chain solutions with multimodal capabilities. Comparable in serving industrial clients with integrated logistics and similar small-mid cap profile.
• Allcargo Logistics: Integrated logistics provider with multimodal capabilities including container freight stations, contract logistics, and project cargo handling. Comparable multimodal breadth and target industrial/government customer base as Sical Logistics.
• Aegis Logistics: Indian logistics and energy infrastructure company offering liquid logistics, terminals, and supply chain services. Comparable in serving large industrial and government customers across logistics operations with similar project-based revenue model.
• Container Corporation of India: India's largest rail-based container logistics operator, also a public sector enterprise. Directly comparable to Sical's rail-focused multimodal logistics subsidiary in serving industrial clients with rail-led transportation solutions and government/PSU customers.
• Transport Corporation of India: Established Indian multimodal logistics company offering integrated supply chain solutions including rail, road, warehousing, and project logistics. Directly comparable to Sical's integrated multimodal platform serving industrial and enterprise customers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/sical-logistics-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sical logistics