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Sical Logistics Ltd Stock Analysis

Small Cap
Evaluated by 439 users | BSE: 520086 | NSE: SICAL |
Logistics
Sical is India’s leading provider of integrated solutions for offshore logistics and multi-modal logistics for bulk and containerized cargo. The company is the handler of more than 26 million tonnes of bulk cargo and 500,000 TEUs of containerized cargo annually.Sical provides end-to-end...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 3.21%5.31%6.33%5.08%6.05%6.85%8.51%7.55%3.37%-4.34%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 5385015005615785918171,0741,303837
Y-o-Y Gr. Rt.--6.8%-0.2%12.3%3%2.2%38.4%31.4%21.3%-35.8%
Adjusted EPS (Rs.) 2.962.211.940.031.563.588.465.455.11-14.47
Y-o-Y Gr. Rt.--25.3%-12.2%-98.5%5100%129.5%136.3%-35.6%-6.2%-383.2%
Book Value per Share (Rs.) 67.5272.4274.9877.780.1590.5898.77103.92103.0488.5
Adjusted Net Profit 11.712.310.80.28.719.947.130.329.9-84.7
Net Op. Cash Flow (Rs. Cr.) -12.163.319.518.43.7984386.7-44.1215
Debt to Cash Flow from Ops -22.753.5717.2522.8130.956.9121.9711.91-23.73.91
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Sical Logistics Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5%7.7%0.8%-35.8%
Adjusted EPS -219.3%-256.1%-219.6%-383.2%
Book Value per Share 3.12-3.6-14.1
Share Price -17.9% -38.6% -61.4% 22.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 3.253.112.630.041.984.198.945.385.06-15.11
Operating Profit Margin (%) -0.989.3810.267.948.6812.8213.7210.4410.83-3.72
Net Profit Margin (%) 2.182.462.160.031.53.365.762.822.29-10.12
Debt to Equity 1.030.560.810.971.081.341.721.791.731.62
Working Capital Days 304281242274374477437396314459
Cash Conversion Cycle -12375672828266596283
Entity Percentage Holding
Promoters 38.49%
Institutions 0.40%
Non-Institutions 61.11%
Pledged *89.0783.2873.6582.1083.0481.0573.5970.3362.7662.76
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Sical Logistics Ltd's performance infers:

Sical Logistics Ltd earnings have declined by -256.1%, whereas share price has depreciated -38.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Sical Logistics Ltd share prices over the last 10 years. Here is what we found out:

Sical Logistics Ltd share price has depreciated -16.7% annually over the past ten years.

Sical is India’s leading provider of integrated solutions for offshore logistics and multi-modal logistics for bulk and containerized cargo. The company is the handler of more than 26 million tonnes of bulk cargo and 500,000 TEUs of containerized cargo annually.

Sical provides end-to-end solutions in:

  • Bulk logistics – stevedoring; port terminals; customs house and shipping agency; trucking; railroad; warehousing
  • Container logistics – container

Sical is India’s leading provider of integrated solutions for offshore logistics and multi-modal logistics for bulk and containerized cargo. The company is the handler of more than 26 million tonnes of bulk cargo and 500,000 TEUs of containerized cargo annually.

Sical provides end-to-end solutions in:

  • Bulk logistics – stevedoring; port terminals; customs house and shipping agency; trucking; railroad; warehousing
  • Container logistics – container terminals; ICD; CFS
  • Offshore logistics – platform supply vessel; cutter suction dredger

Sical’s delivery network includes an exclusive walk-in berth at Chennai for ships carrying bulk cargo; a container terminal at Tuticorin; 225,000 square feet of storage across 17 warehouses; owned and regularly contracted fleet of more than 1000 transport vehicles; container freight stations at 3 locations across India; Sical Torino, a deepwater-capable platform supply vessel, and Sical Portofino, a cutter suction dredger.

Commodities services by the company are Dry bulk, Liquid bulk, Gases, Steel material, Ores, Metals, Containers, Over-dimensional cargo and Packaged goods.  

Subsidiaries

Sical Infra Assets, a 100% subsidiary of Sical Logistics, bundles the parent's seven different special purpose vehicles (SPVs) for operating asset-heavy, capital-intensive, longer gestation infrastructure-based businesses. The SPVs: Sical Multimodal and Rail Transport Ltd (SMART), Nagpur Sical Gupta Road Terminal Ltd (NSGRT), Nagpur Sical Gupta Logistics Ltd (NSGL), Sical Iron Ore Terminals Ltd (SIOT), PSA Sical Terminals Ltd, Chennai International Terminals Pvt Ltd (CITPL), Sical Distriparks Ltd and Bergen Offshore Logistics Pte Ltd. The rationale behind forming SIAL was to promote the longer duration BOT type infrastructure business separately from the short cycle services-oriented businesses.

Infrastructure

  • Exclusive berth at Chennai port (JD5) for handling bulk cargo provides walk-in berthing for bulk cargo vessels; avoids pre-berthing delays.
  • Container terminal at Tuticorin port with 250,000 ft2 of open-bonded area, container stacking capacity of 3,000 TEUs.
  • Port handling, customs handling at the ports of Chennai, Tuticorin, Vishakhapatnam, Nhavasheva, Kandla, Haldia, Paradip and Goa.
  • Ship agency at all Indian ports.
  • Container freight stations near the ports Nhava Sheva, Tuticorin, Chennai.
  • Trucking fleet: 1000 vehicles.
  • Warehouses at 17 locations across India with 2.05 lakh sq ft storage area.

Awards

  • Chamber of Commerce EXIM achievement award for Best CFS - 2011- 2012
    Sical won Tamil Chamber of Commerce EXIM achievement award for "Stevedore of the Year 2011-2012"
  • South East Conclave award for “Best CFS of the year” 2012
    Sical won “Stevedore of the year 2011 – 2012” award from Ennore Port Limited
  • 2010
    South East Conclave awards for Best Logistics Company of the year - 2010
  • 2011
    Chamber of Commerce EXIM achievement award for Best Stevedore - 2011
  • Best bulk logistics provider – Express, Logistics and Supply Chain Conclave, September 2008
  • Best bulk logistics provider – Express, Logistics and Supply Chain Conclave, September 2007
  • PSA Sical Terminals Limited rated No.1 in technical efficiency, scale efficiency and overall efficiency, occupying first place in the world along with Singapore, Hong Kong and Kaohsiung. The study, commissioned by Government of India, aimed to benchmark the efficiency of the Indian container terminals against the best in the world.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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