VRL Logistics Ltd
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)
- Market Cap ₹ 2,338 Cr.
- Current Price ₹ 259
- High / Low ₹ 279 / 120
- Stock P/E 233
- Book Value ₹ 64.6
- Dividend Yield 2.71 %
- ROCE 15.7 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 41.41%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.84% over past five years.
Peer comparison
Sector: Logistics Industry: Miscellaneous
Quarterly Results
Figures in Rs. Crores
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
489 | 528 | 517 | 551 | 513 | 540 | 524 | 557 | 498 | 160 | 439 | 563 | |
445 | 468 | 463 | 481 | 453 | 451 | 451 | 478 | 441 | 194 | 352 | 465 | |
Operating Profit | 44 | 60 | 54 | 70 | 60 | 89 | 73 | 80 | 57 | -34 | 87 | 99 |
OPM % | 9% | 11% | 10% | 13% | 12% | 16% | 14% | 14% | 11% | -21% | 20% | 18% |
Other Income | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 5 |
Interest | 2 | 2 | 2 | 4 | 4 | 9 | 9 | 9 | 11 | 10 | 9 | 8 |
Depreciation | 25 | 25 | 25 | 25 | 26 | 40 | 41 | 41 | 45 | 42 | 39 | 41 |
Profit before tax | 20 | 37 | 29 | 42 | 33 | 42 | 26 | 33 | 3 | -84 | 42 | 55 |
Tax % | 39% | 34% | 29% | 37% | 37% | 35% | -34% | 21% | 35% | 25% | 26% | 27% |
Net Profit | 12 | 24 | 21 | 27 | 21 | 27 | 35 | 26 | 2 | -63 | 31 | 40 |
EPS in Rs | 1.33 | 2.68 | 2.28 | 2.94 | 2.27 | 3.04 | 3.84 | 2.86 | 0.24 | -6.94 | 3.42 | 4.40 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
642 | 711 | 889 | 1,130 | 1,326 | 1,494 | 1,673 | 1,723 | 1,803 | 1,922 | 2,110 | 2,119 | 1,661 | |
540 | 572 | 721 | 938 | 1,130 | 1,286 | 1,397 | 1,451 | 1,584 | 1,688 | 1,865 | 1,815 | 1,452 | |
Operating Profit | 102 | 139 | 167 | 192 | 196 | 208 | 276 | 272 | 220 | 235 | 245 | 303 | 208 |
OPM % | 16% | 20% | 19% | 17% | 15% | 14% | 16% | 16% | 12% | 12% | 12% | 14% | 13% |
Other Income | 7 | 2 | 3 | 5 | 10 | 17 | 10 | 8 | 9 | 14 | 8 | 6 | 12 |
Interest | 59 | 51 | 48 | 65 | 59 | 61 | 60 | 32 | 25 | 12 | 11 | 37 | 38 |
Depreciation | 46 | 46 | 51 | 70 | 82 | 87 | 88 | 90 | 98 | 98 | 101 | 168 | 167 |
Profit before tax | 4 | 44 | 71 | 62 | 64 | 77 | 138 | 158 | 105 | 139 | 140 | 104 | 16 |
Tax % | 66% | 34% | 27% | -24% | 28% | 26% | 34% | 34% | 33% | 34% | 35% | 14% | |
Net Profit | 1 | 29 | 52 | 77 | 46 | 57 | 91 | 104 | 70 | 93 | 92 | 90 | 10 |
EPS in Rs | 0.18 | 4.07 | 7.31 | 10.85 | 6.46 | 6.67 | 10.66 | 11.42 | 7.72 | 10.25 | 10.17 | 9.97 | 1.12 |
Dividend Payout % | 0% | 76% | 41% | 25% | 99% | 60% | 38% | 44% | 52% | 0% | 54% | 70% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 5% |
3 Years: | 6% |
TTM: | -22% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 1% |
3 Years: | 9% |
TTM: | -91% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -7% |
3 Years: | -15% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 16% |
3 Years: | 15% |
Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
71 | 71 | 71 | 71 | 181 | 86 | 86 | 91 | 91 | 90 | 90 | 90 | 90 | |
Reserves | 33 | 36 | 63 | 117 | 108 | 221 | 271 | 423 | 450 | 503 | 556 | 527 | 494 |
Borrowings | 421 | 378 | 443 | 603 | 501 | 505 | 443 | 262 | 185 | 81 | 141 | 454 | 355 |
92 | 134 | 158 | 142 | 286 | 166 | 154 | 166 | 171 | 188 | 191 | 146 | 180 | |
Total Liabilities | 617 | 619 | 735 | 932 | 965 | 978 | 953 | 942 | 897 | 862 | 978 | 1,217 | 1,119 |
491 | 471 | 500 | 695 | 710 | 740 | 707 | 712 | 694 | 625 | 705 | 990 | 925 | |
CWIP | 3 | 12 | 40 | 10 | 14 | 14 | 9 | 16 | 2 | 8 | 42 | 4 | 3 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 |
122 | 137 | 194 | 228 | 241 | 223 | 237 | 211 | 201 | 230 | 231 | 222 | 191 | |
Total Assets | 617 | 619 | 735 | 932 | 965 | 978 | 953 | 942 | 897 | 862 | 978 | 1,217 | 1,119 |
Cash Flows
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
84 | 137 | 148 | 163 | 163 | 203 | 235 | 264 | 198 | 205 | 192 | 257 | |
-9 | -37 | -130 | -240 | -90 | -91 | -49 | -107 | -59 | -44 | -209 | -119 | |
-70 | -106 | -20 | 76 | -71 | -112 | -185 | -155 | -146 | -154 | 11 | -138 | |
Net Cash Flow | 4 | -6 | -3 | -1 | 2 | 0 | 2 | 2 | -7 | 7 | -6 | 0 |
Ratios
Figures in Rs. Crores
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 12% | 19% | 23% | 19% | 16% | 16% | 24% | 24% | 17% | 22% | 21% | 16% |
Debtor Days | 25 | 25 | 28 | 25 | 24 | 20 | 20 | 15 | 15 | 15 | 14 | 14 |
Inventory Turnover | 0.28 | 23.75 | 30.71 | 36.48 | 37.57 | 0.28 | 0.25 | 0.26 | 26.06 | 23.67 | 21.74 | 19.74 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Public Announcement-Buyback of Shares 9 Feb
- Announcement under Regulation 30 (LODR)-Investor Presentation 6 Feb
- Financial Results Of The Company For The Third Quarter & Nine Months Ended December 31, 2020 6 Feb
- Outcome Of The Board Meeting For Consideration Financial Results And Approval Of Buy-Back 6 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Feb
View all