Sanco Trans - Sanco Trans

📊 BSE: 523116 🏢 Logistics Solution Provider 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Total operating income grew 16.7% YoY from INR 101.77 Cr in FY21 to INR 118.80 Cr in FY22. Segment performance in FY21 showed Handling at INR 53.2 Cr (50.4% of revenue), Equipment and Fleet Hire at INR 28.6 Cr (27.1% of revenue), and Warehousing earnings growing 64.4% YoY to INR 19.4 Cr (18.4% of revenue).

Geographic Revenue Split

Operations are primarily concentrated within Tamil Nadu, with most revenue derived from the Chennai port ecosystem including Chennai Port, Ennore Port, and Kattupalli Port.

Profitability Margins

PAT increased by 185.6% from INR 2.92 Cr in FY21 to INR 8.34 Cr in FY22. PBILDT margin improved from 7.97% in FY20 to 10.40% in FY21, driven by a shift toward higher-margin warehouse earnings.

EBITDA Margin

PBILDT margin stood at 10.40% in FY21. Core profitability is sensitive to the mix of services, with warehousing providing higher margins compared to the competitive fleet hire segment.

Capital Expenditure

Not explicitly disclosed in available documents, though the company maintains a fleet of transport and heavy equipment and two Container Freight Stations (CFS).

Credit Rating & Borrowing

CARE BB+; Stable was reaffirmed in August 2021 for INR 14.68 Cr of facilities; however, the rating was withdrawn in August 2022 as the company repaid all bank facilities in full.

⚙️ Operational Drivers

Raw Materials

Fuel (Diesel) and vehicle spare parts represent the primary operational costs for the fleet of transport and heavy equipment, though specific percentage splits are not disclosed.

Import Sources

Sourced locally within India, primarily in Tamil Nadu, to support logistics and CFS operations.

Capacity Expansion

Current capacity is 90,000 TEUs across two Container Freight Stations in Chennai. Capacity utilization improved significantly from 43.11% in FY20 to 68% in FY21.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but profitability is constrained by the fragmented nature of the logistics industry and price competition.

Manufacturing Efficiency

Capacity utilization of CFS facilities reached 68% in FY21, up from 43.11% in FY20, indicating improved operational throughput.

Logistics & Distribution

Not disclosed as a specific percentage of revenue.

📈 Strategic Growth

Expected Growth Rate

26%

Growth Strategy

Growth is targeted through increasing total income above INR 150 Cr (a ~26% increase from FY22 levels) by leveraging the proximity of CFS to major ports and expanding high-margin warehousing services which grew 64% in FY21.

Products & Services

Container handling, transportation (equipment and fleet hire), warehousing, freight forwarding, and agency services.

Brand Portfolio

Sanco Trans Limited.

Market Expansion

Focus remains on the Tamil Nadu region, specifically the port-linked logistics corridor in Chennai.

Market Share & Ranking

Not disclosed, but the company operates in a highly fragmented industry with intense competition from small-scale truck and warehouse operators.

🌍 External Factors

Industry Trends

The logistics industry is evolving with a shift toward integrated warehousing; Sanco is positioning itself by increasing its warehouse revenue contribution to 18.4% of the total mix.

Competitive Landscape

Intense competition from numerous small-time truck operators, warehouse owners, and freight forwarders.

Competitive Moat

Moat is based on the strategic location of its 90,000 TEU capacity CFS facilities near major ports, which is a durable advantage due to high land costs and regulatory requirements for new CFS setups.