Step Logistics: Government Tender Performance Analysis

Step Logistics Private Limited is emerging as a strong player in India's government tender ecosystem with focused participation in 3 tenders in FY 2024-25. This analysis examines their impressive early tender performance, high technical qualification rate, and developing procurement strategy, particularly within the Ministry of Chemicals and Fertilizers.

Exceptional Tender Success Rate: 66.7%

Step Logistics demonstrates exceptional government tender performance, achieving a win ratio of 66.7% in FY 2024-25. Out of 3 tenders, they have secured 2 L1 positions (lowest bid winners), establishing them as a competitive government contractor. They have not secured any L2 or L3 positions, demonstrating the ability to consistently offer very competitive pricing across various government tender categories.

Financial Performance in Government Tenders

Step Logistics has bid on contracts with a total value of ₹4,41,45,029, securing contracts worth ₹4,41,45,029 during FY 2024-25. This represents a 100.0% conversion rate, showcasing their effectiveness in securing targeted public sector projects. The company's financial health score is 76.5, rated as 'Good' by TenderAI, reflecting their performance in win rate, contract value, and bid efficiency. Key strengths include a strong win rate and significant contract value secured.

Specialized Government Procurement Focus

Their tender history includes significant engagement with the Department of Fertilizers, demonstrating specific procurement expertise in this sector. All three bids in FY 2024-25 were targeted here. This focus highlights a strategic alignment with key government initiatives and demonstrates a clear understanding of the department's procurement needs.