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VRL Logistics

₹545.6 -2.9 | 0.5%

Market Cap ₹4772 Cr.

Stock P/E 45.5

P/B 5.2

Current Price ₹545.6

Book Value ₹ 105.5

Face Value 10

52W High ₹798.4

Dividend Yield 0.92%

52W Low ₹ 517.6

Overview Inc. Year: 1983Industry: Logistics

VRL Logistics Ltd is in passenger transportation and goods transportation. The Company offers logistics services dealing in home transportation of products. It is likewise engaged in bus operations, air chartering carrier, sale of power and sale of certified emission reduction (CER) gadgets generated from operation of wind turbines. Its segments encompass Goods transport, Bus operations, Sale of power and Air chartering service. It affords much less than truckload offerings (LTL) for widespread and priority parcels, and caters to a range of industries, which includes FMCG, textiles, clothing, furniture, metallic and metal products, and automotive parts. It additionally gives full truck load (FTL), car wearing, precedence cargo and courier services. Its bus provider network covers Karnataka, Maharashtra, Goa, Andhra Pradesh, Telangana, Tamil Nadu, Gujarat and Rajasthan. Its wind farm includes over 35 wind turbine turbines (WTGs) having individual capability of 1.25 megawatt.

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VRL Logistics Share Price

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Peer Comparison

VRL Logistics Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 414 636 601 665 614 654 682 674 709 737
Other Income 4 2 5 7 3 2 4 9 6 2
Total Income 417 638 606 672 617 657 686 683 715 739
Total Expenditure 378 523 484 539 523 561 578 572 617 642
Operating Profit 40 115 122 132 94 95 108 111 98 97
Interest 10 10 12 12 12 14 15 16 19 21
Depreciation 38 40 38 46 33 38 42 49 52 57
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -8 66 73 74 49 43 51 46 28 19
Provision for Tax -2 16 16 18 12 12 13 12 8 5
Profit After Tax -6 49 56 56 36 31 38 34 20 14
Adjustments 0 0 4 0 13 1 11 0 -0 0
Profit After Adjustments -6 49 60 56 49 31 49 34 20 14
Adjusted Earnings Per Share -0.7 5.6 6.4 6.4 4.1 3.5 4.3 3.9 2.3 1.6

VRL Logistics Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1325 1494 1673 1723 1803 1922 2110 2119 1763 2164 2649 2802
Other Income 10 10 6 9 9 14 8 10 13 17 15 21
Total Income 1335 1504 1679 1731 1812 1937 2117 2129 1776 2180 2663 2823
Total Expenditure 1129 1286 1397 1451 1587 1688 1865 1820 1515 1788 2246 2409
Operating Profit 207 218 281 280 225 249 252 309 261 393 418 414
Interest 61 61 60 32 25 12 11 37 37 44 56 71
Depreciation 82 87 88 90 95 98 101 168 160 145 159 200
Exceptional Income / Expenses 0 7 4 0 0 0 0 0 0 0 0 0
Profit Before Tax 64 77 138 158 105 139 140 104 64 205 203 144
Provision for Tax -17 20 47 54 35 47 49 14 19 49 36 38
Profit After Tax 80 57 91 104 70 93 92 90 45 156 166 106
Adjustments 0 0 0 0 0 0 0 0 0 4 157 11
Profit After Adjustments 80 57 91 104 70 93 92 90 45 160 323 117
Adjusted Earnings Per Share 10.8 6.7 10.7 11.4 7.7 10.2 10.2 10 5.1 17.7 18.8 12.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 22% 8% 7% 7%
Operating Profit CAGR 6% 11% 11% 7%
PAT CAGR 6% 23% 12% 8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -15% 36% 16% NA%
ROE Average 20% 18% 16% 21%
ROCE Average 27% 24% 22% 21%

VRL Logistics Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 289 306 356 514 541 593 646 617 597 652 976
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 285 253 192 115 60 5 103 95 39 81 107
Other Non-Current Liabilities 89 95 100 105 109 104 105 260 303 382 502
Total Current Liabilities 301 324 305 207 187 160 124 253 259 265 306
Total Liabilities 965 978 953 942 897 862 978 1225 1199 1380 1892
Fixed Assets 710 740 707 712 691 622 703 988 952 1097 1481
Other Non-Current Assets 111 107 94 73 55 68 104 56 70 112 132
Total Current Assets 143 130 153 156 150 171 172 182 177 171 279
Total Assets 965 978 953 942 897 862 978 1225 1199 1380 1892

VRL Logistics Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 13 15 15 17 18 12 19 13 13 19 9
Cash Flow from Operating Activities 164 203 235 264 198 205 192 257 272 371 318
Cash Flow from Investing Activities -90 -91 -49 -107 -59 -44 -209 -119 -32 -180 -144
Cash Flow from Financing Activities -74 -112 -185 -155 -146 -154 11 -138 -234 -201 -171
Net Cash Inflow / Outflow 0 0 2 2 -7 7 -6 0 6 -10 3
Closing Cash & Cash Equivalent 15 15 17 18 12 19 13 13 19 9 12

VRL Logistics Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 10.76 6.67 10.66 11.42 7.72 10.25 10.17 9.97 5.1 17.68 18.81
CEPS(Rs) 23 16.79 20.91 21.25 18.16 21.05 21.31 28.52 23.19 34.03 36.82
DPS(Rs) 6.81 4 4 5 4 0 5.5 7 4 8 5
Book NAV/Share(Rs) 25.31 35.82 41.64 56.32 59.32 65.66 71.5 68.28 67.59 73.76 110.46
Core EBITDA Margin(%) 14.85 13.92 16.46 15.76 11.97 12.22 11.59 14.11 14.07 17.38 15.22
EBIT Margin(%) 9.37 9.23 11.81 11.05 7.21 7.88 7.2 6.69 5.74 11.48 9.77
Pre Tax Margin(%) 4.8 5.14 8.24 9.17 5.84 7.25 6.66 4.92 3.62 9.46 7.65
PAT Margin (%) 6.06 3.82 5.45 6.05 3.91 4.82 4.36 4.25 2.56 7.22 6.27
Cash Profit Margin (%) 12.27 9.62 10.69 11.26 9.19 9.89 9.13 12.16 11.62 13.9 12.28
ROA(%) 8.48 5.87 9.45 11 7.67 10.52 9.99 8.18 3.72 12.11 10.16
ROE(%) 48.42 23.49 27.54 23.96 13.36 16.32 14.84 14.27 7.42 25.01 20.42
ROCE(%) 16.07 17.22 24.51 24.17 17.3 21.63 20.78 17.78 13.28 32.85 26.54
Receivable days 22.37 20.08 18.56 17.29 15.02 14.83 13.87 14.23 15.48 11.07 10.26
Inventory Days 2.54 2.83 3.11 3.53 3.71 4.03 4.67 5.09 7.12 7.2 6.8
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 0 32.46 40.29 37.51 27.74 15.41 45.19 27.97 33.63
Price/Book(x) 0 0 0 6.58 5.25 5.85 3.95 2.25 3.41 6.7 5.73
Dividend Yield(%) 0 0 0 1.35 1.29 0 1.95 4.55 1.73 1.62 0.79
EV/Net Sales(x) 0.5 0.39 0.31 2.1 1.67 1.84 1.27 0.74 1.21 2.08 2.15
EV/Core EBITDA(x) 3.23 2.64 1.82 12.95 13.37 14.19 10.61 5.06 8.19 11.45 13.62
Net Sales Growth(%) 18.23 12.7 11.99 2.97 4.68 6.61 9.74 0.43 -16.79 22.73 22.42
EBIT Growth(%) -3.16 10.98 43.21 -3.61 -31.75 16.53 0.27 -6.71 -28.59 145.49 4.21
PAT Growth(%) 95.55 -28.99 60.01 14.27 -32.39 31.35 -0.7 -1.96 -49.99 246.48 6.39
EPS Growth(%) 88.37 -38.07 60.01 7.12 -32.39 32.66 -0.7 -1.96 -48.86 246.49 6.39
Debt/Equity(x) 1.73 1.65 1.24 0.51 0.34 0.14 0.22 0.31 0.2 0.22 0.18
Current Ratio(x) 0.48 0.4 0.5 0.75 0.8 1.07 1.39 0.72 0.68 0.65 0.91
Quick Ratio(x) 0.44 0.36 0.45 0.67 0.7 0.92 1.15 0.6 0.53 0.47 0.74
Interest Cover(x) 2.05 2.26 3.31 5.88 5.27 12.59 13.38 3.8 2.7 5.7 4.6
Total Debt/Mcap(x) 0 0 0 0.08 0.07 0.02 0.06 0.14 0.06 0.03 0.03

VRL Logistics Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 69.59 69.59 69.59 69.59 64.17 64.17 64.24 60.24 60.24 60.24
FII 3.49 3.62 5.37 5.75 4.15 2.35 2.18 2.16 2.51 3.27
DII 16.66 15.14 13.58 14.44 20.78 24.24 25.1 29.02 28.13 26.56
Public 10.26 11.65 11.46 10.22 10.9 9.25 8.49 8.58 9.11 9.93
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 5.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

VRL Logistics News

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