Synopsis: A logistic provider saw its stock hit the upper circuit after the company received an LoA for an Open Cast Project in Raigarh, Chhattisgarh. Additionally, this stock has given a compounded return of 123 percent in the last 3 years.
A microcap stock where the company is an integrated logistics solutions provider was in the spotlight as the stock hit its upper circuit soon after the company bagged an LoA with a value of Rs 4038 Crore, for a project at Raigarh, Chhattisgarh. The value of the LoA is 650 percent of the current market capitalization of the company.
With a market cap of Rs 609 Cr, Sical Logistics Ltd saw its stock hit the upper circuit of Rs 93.3 which is 5 percent higher than the previous close of Rs 88.9. This stock has given a compounded return of 123 percent in the last 3 years.
What’s the News?
Sical Logistics Limited announced that the company has received a significant boost after securing a Letter of Acceptance dated January 12, 2026, from South Eastern Coalfields Limited for operations at the Porda Chimtapani Open Cast Project in Raigarh, .
The contract is valued at a massive Rs 4,038 Crore, which is more than 650 percent the market cap of the company. This order has been marked as one of the largest project wins from the company’s end, strengthening its position in the coal logistics and mining services segment.
This order has a long execution period of 4,214 days, the order provides strong long-term revenue visibility and earnings stability, as this order could get as much as Rs 336 Cr in the yearly revenue for the next 11 years.
Also, last week, Sical Logistics Limited announced that its board approved the issuance of an unconditional and irrevocable corporate guarantee of up to Rs 20 crore in favour of CSB Bank Limited. The guarantee supports credit facilities availed by its step-down subsidiary, Sical Multimodal and Rail Transport Limited (SMART), including a Rs 10 crore cash credit limit and a Rs 10 crore term loan with an eight-year tenure to meet working capital and capital expenditure requirements.
Followingly, the company completed the sale of non-core land assets measuring 5.52 acres in Trichy, Tamil Nadu, in line with its NCLT-approved resolution plan, supporting balance sheet strengthening and financial consolidation.
Business & Financial Overview
Incorporated in 1955, Sical Logistics Ltd is one of the leading integrated logistics solutions provider in India. Headquartered in Chennai, the company offers end-to-end logistics services across multiple segments, including Container Freight Station (CFS) operations, Coastal Shipping, Container Rail services, Integrated Logistics solutions, Mining services, and Offshore Logistics. The company has a strong presence across ports, rail, road, and marine logistics, catering to diverse sectors such as infrastructure, energy, and commodities.
In the latest quarter Sical Logistics Ltd saw a YoY revenue growth of 83 percent, going from Rs 49 Cr in Q2FY25 to Rs 90 Cr in Q2FY26, while the QoQ went down by 8 percent falling from Rs 98 Cr in Q1FY26.
The YoY Net Profits have witnessed a growth, as in Q2FY26 the company made a profit of Rs 13 Crore, while last year in Q2FY25 the company had made a loss of Rs 6 crore. Additionally, the company has reduced its debt significantly from the Rs 1200- 1700 Crore levels in FY21 and FY22 to the current debt of Rs 607 Crore as of Q2FY26.
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