VRL Logistics Ltd
VRL Logistics Ltd 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 ₹ 4,647 Cr.
- Current Price ₹ 266
- High / Low ₹ 313 / 225
- Stock P/E 19.2
- Book Value ₹ 65.3
- Dividend Yield 2.82 %
- ROCE 18.3 %
- ROE 21.7 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 36.2%
Cons
- Stock is trading at 4.07 times its book value
- Promoter holding has decreased over last 3 years: -4.00%
* 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
Services Services Transport Services Logistics Solution Provider
Part of BSE Services BSE 1000
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,673 | 1,723 | 1,803 | 1,922 | 2,110 | 2,119 | 1,763 | 2,164 | 2,649 | 2,889 | 3,161 | 3,221 | |
| 1,396 | 1,451 | 1,584 | 1,688 | 1,865 | 1,815 | 1,515 | 1,788 | 2,245 | 2,494 | 2,586 | 2,563 | |
| Operating Profit | 277 | 272 | 220 | 235 | 245 | 303 | 248 | 376 | 404 | 394 | 575 | 658 |
| OPM % | 17% | 16% | 12% | 12% | 12% | 14% | 14% | 17% | 15% | 14% | 18% | 20% |
| 8 | 8 | 9 | 14 | 8 | 6 | 13 | 21 | 171 | 21 | 24 | 17 | |
| Interest | 60 | 32 | 25 | 12 | 11 | 37 | 37 | 44 | 56 | 79 | 96 | 97 |
| Depreciation | 88 | 90 | 98 | 98 | 101 | 168 | 160 | 144 | 159 | 216 | 254 | 261 |
| Profit before tax | 138 | 158 | 105 | 139 | 140 | 104 | 64 | 209 | 360 | 121 | 250 | 318 |
| Tax % | 34% | 34% | 33% | 34% | 35% | 14% | 29% | 23% | 10% | 26% | 27% | 26% |
| 91 | 104 | 70 | 93 | 92 | 90 | 45 | 160 | 323 | 89 | 183 | 237 | |
| EPS in Rs | 5.33 | 5.71 | 3.86 | 5.12 | 5.09 | 4.99 | 2.55 | 9.06 | 18.29 | 5.08 | 10.46 | 13.54 |
| Dividend Payout % | 38% | 44% | 52% | -0% | 54% | 70% | 78% | 44% | 14% | -0% | 72% | 37% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 13% |
| 3 Years: | 7% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 40% |
| 3 Years: | -9% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 12% |
| 3 Years: | -10% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 22% |
| 3 Years: | 16% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 86 | 91 | 91 | 90 | 90 | 90 | 88 | 88 | 88 | 87 | 87 | 175 |
| Reserves | 271 | 423 | 450 | 503 | 556 | 527 | 509 | 563 | 888 | 858 | 997 | 968 |
| 443 | 262 | 185 | 81 | 141 | 454 | 422 | 537 | 720 | 1,036 | 1,228 | 1,154 | |
| 154 | 166 | 171 | 188 | 191 | 154 | 180 | 192 | 196 | 232 | 273 | 309 | |
| Total Liabilities | 953 | 942 | 897 | 862 | 978 | 1,225 | 1,199 | 1,380 | 1,892 | 2,214 | 2,586 | 2,605 |
| 707 | 712 | 694 | 625 | 705 | 990 | 954 | 1,098 | 1,482 | 1,901 | 2,243 | 2,305 | |
| CWIP | 9 | 16 | 2 | 8 | 42 | 4 | 6 | 35 | 38 | 24 | 15 | 22 |
| Investments | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 0 | 0 | 0 |
| 237 | 211 | 201 | 230 | 231 | 230 | 238 | 247 | 356 | 290 | 328 | 278 | |
| Total Assets | 953 | 942 | 897 | 862 | 978 | 1,225 | 1,199 | 1,380 | 1,892 | 2,214 | 2,586 | 2,605 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 235 | 264 | 198 | 205 | 192 | 257 | 272 | 371 | 318 | 424 | 555 | 654 | |
| -49 | -107 | -59 | -44 | -209 | -119 | -32 | -180 | -144 | -243 | -430 | -294 | |
| -185 | -155 | -146 | -154 | 11 | -138 | -234 | -201 | -171 | -174 | -90 | -398 | |
| Net Cash Flow | 2 | 2 | -7 | 7 | -6 | 0 | 6 | -10 | 3 | 7 | 35 | -38 |
| Free Cash Flow | 186 | 154 | 136 | 160 | -19 | 137 | 239 | 190 | -90 | 148 | 125 | 359 |
| CFO/OP | 95% | 110% | 99% | 109% | 100% | 99% | 115% | 114% | 100% | 114% | 105% | 107% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 15 | 15 | 15 | 14 | 15 | 13 | 11 | 11 | 11 | 11 | 10 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 20 | 15 | 15 | 15 | 14 | 15 | 13 | 11 | 11 | 11 | 11 | 10 |
| Working Capital Days | -37 | -15 | -10 | -1 | 6 | -15 | -21 | -18 | -16 | -25 | -23 | -26 |
| ROCE % | 24% | 24% | 17% | 22% | 21% | 16% | 10% | 22% | 18% | 11% | 16% | 18% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Owned GT Vehicles vehicles |
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| Realisation per Ton INR per ton |
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| Number of Branches branches |
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| Total Carrying Capacity tons |
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| LTL Share of Revenue % of revenue |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Jul - 1QFY27 conference call on 5 August 2026 at 10:00 AM for reviewed June quarter results.
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Board Meeting Intimation for Prior Intimation - Board Meeting For Q1 Results & Proposal For Buyback Of Shares - Regulation 29 Of SEBI (LODR) Regulations, 2015
25 Jul - Board meeting on August 4, 2026 to approve Q1 results and consider share buyback proposal.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Jul - Dear Sir, In compliance with the provision of Regulations 30 and 47 of the SEBI(LODR) Regulations, 2015, please find enclosed the followings - 1) Copies …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Jul - Further to our submission of Notice of 43rd Annual General meeting and Annual Report for FY 2025-26 vide our communication dated 12th July 2026, we …
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Business Responsibility and Sustainability Reporting (BRSR)
12 Jul - VRL Logistics filed its FY 2025-26 BRSR with ESG, workforce, and compliance disclosures.
Annual reports
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Financial Year 2026
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Concalls
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Leading Player in Road Logistics[1]
The company is the only “Owned Asset” organized player in Less than Truckload logistics (shipments that are not large enough to take up the capacity of an entire truck). It is an established brand in surface transportation and the industry leader in the parcel transportation space.