BSE: 544566
Sunsky Logistics Limited
Provides logistics and transport services in India using a fleet that includes flatbed trailers, and is based out of Ahmedabad, Gujarat. Listed on the BSE SME platform in October 2025 following an IPO that raised Rs 1,683.60 lakhs, with the bulk of proceeds deployed toward purchasing flatbed trailers (Rs 642.31 lakhs), repaying borrowings (Rs 350 lakhs), working capital (Rs 275 lakhs), and general corporate purposes (Rs 251.86 lakhs). In FY26, the company invested Rs 2,119.09 lakhs in property, plant and equipment for fleet expansion. Revenue from operations was Rs 2,527.67 lakhs for FY26, up 14.5% from Rs 2,208.37 lakhs in FY25, and net profit rose to Rs 284.96 lakhs from Rs 262.51 lakhs. Costs are dominated by other operating expenses at 77.6% of revenue, with employee costs at 4.3%. Long-term borrowings rose sharply to Rs 961.99 lakhs (from Rs 118.12 lakhs), and operating cash flow turned negative at Rs 426.50 lakhs in FY26, driven by higher trade receivables and other current assets. The board has approved a proposal to incorporate a subsidiary in the USA. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Logistics and transport services. Asset-heavy, fleet-based road transport and logistics services
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 25 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 2.70 |
| ROE % · ROCE % | — · 13.3 |
| Debt / equity (x) | — |
| Cash from operations | (4) |
| Capex | (21) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 12 | 13 |
| Profit before tax | 2 | 1 |
| Net profit | — | — |
| EPS (₹) | 2.06 | 0.99 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CONTAINER CORP OF IND LTD | 32,380 | 26.0 | 2.48 | 13.7 | 9.5 | 11.6 | 7.2 | 24.5 |
| DELHIVERY LIMITED | 28,606 | 305.6 | 2.95 | 29.2 | 1.6 | 1.2 | — | 8.7 |
| SHADOWFAX TECHNOLOGIES L | 17,061 | 106.0 | 9.78 | 67.7 | 6.4 | 5.7 | — | 8.3 |
| BLUE DART EXPRESS LTD | 10,021 | 34.9 | 5.64 | 10.5 | 13.9 | 13.4 | 13.3 | 16.7 |
| TRANSPORT CORPN OF INDIA | 6,519 | 14.2 | 2.50 | 11.8 | 17.7 | 14.4 | 11.9 | 11.3 |
| TVS SUPPLY CHAIN SOL L | 4,874 | 75.6 | 2.36 | 6.0 | 5.7 | 4.8 | — | 7.2 |
| VRL LOGISTICS LIMITED | 4,688 | 17.6 | 4.10 | — | 20.7 | 14.5 | — | 21.9 |
| MAHINDRA LOGISTIC LIMITED | 4,309 | 116.4 | 3.59 | 11.0 | 0.9 | 2.0 | 16.5 | 6.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.8 | 15.6 | 18 of 51 | 66% |
| ROCE | 11.7 | 7.7 | 16 of 55 | 72% |
| Market cap | 49 | 119 | 41 of 56 | 27% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 22 Oct 2026 · Board Meeting on 29 Oct to Consider H1 FY27 Financial Results | board shareholder meetings | low | — | — |
| 8 Oct 2026 · RTA certificate on dematerialised securities for H2 FY26 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closure for half-year ended Sep 30, 2026 | compliance | minimal | — | — |
| 22 Sept 2026 · 06th AGM held via video conferencing; resolutions put to e-vote | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Cyber Fraud: USD 488,000 Lost to Email Impersonation Scam | regulatory legal | high | — | — |
| 29 Aug 2026 · Notice of 6th AGM published in newspapers | compliance | minimal | — | — |
| 27 Aug 2026 · Sunsky Logistics submits 6th Annual Report for FY 2025-26 | compliance | minimal | — | — |
| 27 Aug 2026 · Notice of 6th AGM on September 22, 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Book Closure Sep 16-22 2026, AGM on Sep 22 2026 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Board approves Directors Report and appoints Internal Auditor for FY26 | management changes | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.