VRL Logistics Ltd

VRL Logistics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

VRL Logistics Ltd

₹ 584 1.60%
03 Jul 9:04 a.m.
vrlgroup.in ; www.vrllogistics.com BSE: 539118 NSE: VRLLOG
About

VRL Logistics is engaged in logistics services dealing mainly in domestic transportation of goods. Other businesses include bus operations, transport of passengers by air, sale of power and sale of certified emission reductions (CER) units generated from operation of wind mills. The operations of the Company are spread all over the country through various branches and transshipment hubs.(Source : 202003-01 Annual Report Page No:132)

Key Points

Leading Player in Road Logistics
VRL is the only “Owned Asset” organized
player in Less than Truckload logistics[1] business in India with the largest fleet of owned vehicles, comprising 5671 vehicles. In FY23, 36%+ vehicles were fully depreciated and 95%+ vehicles were debt free.[2] Company has placed an additional order for 1667 Goods Transportation vehicles from TATA and Ashok Leyland and added 1338 vehicles in FY23. Net Vehicle increase (after scrappage) was 855.[3]
Company has its driver training facility at Hubballi.[4]
Company has focused to open new branches in North, East and North-East regions.[5]

Website BSE NSE
  • Market Cap ₹ 5,112 Cr.
  • Current Price ₹ 584
  • High / Low ₹ 799 / 511
  • Stock P/E 57.6
  • Book Value ₹ 108
  • Dividend Yield 0.86 %
  • ROCE 10.8 %
  • ROE 9.23 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Promoter holding has decreased over last 3 years: -9.35%

* 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.

Peer comparison

Sector: Logistics Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
600 414 636 601 594 614 654 682 698 674 709 737 768
505 378 523 484 479 523 561 578 584 572 617 642 663
Operating Profit 96 36 113 118 115 91 93 103 114 102 92 94 105
OPM % 16% 9% 18% 20% 19% 15% 14% 15% 16% 15% 13% 13% 14%
3 4 2 9 11 16 3 16 137 9 6 2 4
Interest 9 10 10 12 12 12 14 15 13 16 19 21 22
Depreciation 38 38 40 38 41 33 38 42 45 49 52 57 58
Profit before tax 51 -8 66 77 73 62 44 62 192 46 27 19 29
Tax % 28% 21% 25% 21% 23% 20% 28% 21% -0% 26% 28% 27% 26%
37 -6 49 60 56 49 31 49 193 34 20 14 22
EPS in Rs 4.21 -0.68 5.60 6.85 6.36 5.59 3.56 5.57 21.87 3.88 2.25 1.56 2.46
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,326 1,494 1,673 1,723 1,803 1,922 2,110 2,119 1,763 2,164 2,649 2,889
1,130 1,285 1,396 1,451 1,584 1,688 1,865 1,815 1,515 1,788 2,245 2,495
Operating Profit 196 209 277 272 220 235 245 303 248 376 404 393
OPM % 15% 14% 17% 16% 12% 12% 12% 14% 14% 17% 15% 14%
10 16 8 8 9 14 8 6 13 21 171 21
Interest 59 61 60 32 25 12 11 37 37 44 56 78
Depreciation 82 87 88 90 98 98 101 168 160 144 159 216
Profit before tax 64 77 138 158 105 139 140 104 64 209 360 121
Tax % 28% 26% 34% 34% 33% 34% 35% 14% 29% 23% 10% 26%
46 57 91 104 70 93 92 90 45 160 323 89
EPS in Rs 6.46 6.67 10.66 11.42 7.72 10.25 10.17 9.97 5.10 18.12 36.58 10.16
Dividend Payout % 99% 60% 38% 44% 52% 0% 54% 70% 78% 44% 14% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 18%
TTM: 9%
Compounded Profit Growth
10 Years: 5%
5 Years: -1%
3 Years: 26%
TTM: -73%
Stock Price CAGR
10 Years: %
5 Years: 17%
3 Years: 27%
1 Year: -18%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 24%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 71 86 86 91 91 90 90 90 88 88 88 87
Reserves 108 221 271 423 450 503 556 527 509 563 888 858
Preference Capital 110 0 0 0 0 0 0 0 0 0 0
501 505 443 262 185 81 141 454 422 537 720 1,036
286 166 154 166 171 188 191 154 180 192 196 232
Total Liabilities 965 978 953 942 897 862 978 1,225 1,199 1,380 1,892 2,214
710 740 707 712 694 625 705 990 954 1,098 1,482 1,901
CWIP 14 14 9 16 2 8 42 4 6 35 38 24
Investments 0 0 0 3 0 0 0 0 0 0 15 0
241 223 237 211 201 230 231 230 238 247 356 290
Total Assets 965 978 953 942 897 862 978 1,225 1,199 1,380 1,892 2,214

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
163 203 235 264 198 205 192 257 272 371 318 424
-90 -91 -49 -107 -59 -44 -209 -119 -32 -180 -144 -243
-71 -112 -185 -155 -146 -154 11 -138 -234 -201 -171 -174
Net Cash Flow 2 0 2 2 -7 7 -6 0 6 -10 3 7

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 24 20 20 15 15 15 14 15 13 11 11 11
Inventory Days
Days Payable
Cash Conversion Cycle 24 20 20 15 15 15 14 15 13 11 11 11
Working Capital Days -22 -24 -15 -4 3 11 11 12 12 8 11 9
ROCE % 16% 16% 24% 24% 17% 22% 21% 16% 10% 22% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.59% 69.59% 69.59% 69.59% 69.59% 69.59% 64.17% 64.17% 64.24% 60.24% 60.24% 60.24%
2.20% 2.61% 3.49% 3.62% 5.37% 5.75% 4.15% 2.35% 2.18% 2.16% 2.51% 3.26%
18.50% 17.81% 16.66% 15.14% 13.58% 14.45% 20.77% 24.23% 25.10% 29.02% 28.13% 26.57%
9.70% 9.99% 10.26% 11.65% 11.46% 10.21% 10.90% 9.24% 8.48% 8.58% 9.11% 9.93%
No. of Shareholders 51,81742,39946,92954,66656,17464,29468,00990,88658,22158,23958,74462,997

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

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