Sical Logistics Faces Financial Struggles Amid Significant Stock Volatility and Declining Performance

Sical Logistics, a microcap player in the logistics industry, has experienced significant volatility today, hitting a new 52-week low of Rs. 78.55. This marks a notable decline, as the stock has underperformed its sector by 5.02% and has seen a consecutive drop over the past three days, totaling a decline of 14.19%. The stock opened with a gap down of 4.94% and has remained at this price throughout the trading session.
In terms of performance metrics, Sical Logistics has struggled over the past year, with a staggering 58.79% decline compared to the Sensex's modest gain of 1.88%. The company's financial health raises concerns, highlighted by a high debt-to-equity ratio of 100.12 times and a debt-to-EBITDA ratio of 7.26 times, indicating challenges in servicing its debt. Additionally, the company reported a net sales decline of 20.44% and a negative profit after tax of Rs. -38.92 crore for the nine-month period.

Overall, Sical Logistics is currently trading below its moving averages, reflecting a bearish technical trend, and has not attracted interest from domestic mutual funds, which hold no stake in the company.