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VRL Logistics Ltd

₹ 263-0.89%
07 Jan 4:01 p.m. – close price
🔗vrlgroup.in/vrl_group_home.aspx•BSE: 539118•NSE: VRLLOG
Market Cap₹ 4,583 Cr.
Current Price₹ 263
High / Low₹ 325
Stock P/E19.6
Book Value₹ 62.6
Dividend Yield2.86 %
ROCE15.7 %
ROE17.4 %
Face Value₹ 10.0
Sales₹ 3,176 Cr.
OPM20.6 %
Mar Cap₹ 4,583 Cr.

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 LogisticsThe 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).[1]It is a well-established brand in surface transportation and the industry leader in the parcel transportation space.[2][3]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Container Corpn.532.1530.9440540.971.73379.98-3.012354.532.9213.879004.3021.261310.42378.703.179.180.07
2.Delhivery420.80227.8831498.880.00-50.50-593.922559.3216.882.479423.194.55138.22-50.383.301.200.17
3.Blue Dart Expres5474.5048.7412981.290.4681.3829.501549.336.9616.335920.2615.20266.3781.387.966.650.66
4.Transport Corp.1062.6518.748139.250.75113.505.831204.907.5020.524670.1010.45434.20112.603.4115.720.11
5.TVS Supply112.6541.854967.220.0016.3167.632662.635.964.8310198.396.66118.6815.642.55-0.161.14
6.VRL Logistics262.6519.614582.582.8649.8939.28796.96-0.3215.733175.5520.65233.6049.894.207.381.01
7.Mahindra Logis.314.90–3125.690.80-8.363.721685.2710.795.646473.574.83-36.93-10.352.72-1.230.59
–Median: 48 Co.137.5624.37438.150.04.9611.78139.628.1314.91383.438.2511.055.182.457.190.32

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
682737825674727744698768809654709799797
Expenses
578642659572640593584663622561617666646
Operating Profit
10394166102871521141051879392133151
Other Income
16269156137433627
Profit before tax
6219834618671922910044274969
Tax %
21%27%29%26%24%26%-0%26%25%28%28%27%28%
Net Profit
491459341350193227431203650
EPS in Rs
2.780.783.401.940.772.8610.931.234.251.781.132.052.85

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1,4941,6731,7231,8031,9222,1102,1191,7632,1642,6492,8893,1613,176
Expenses
1,2851,3961,4511,5841,6881,8651,8151,5151,7882,2452,4942,5872,520
Operating Profit
209277272220235245303248376404394574656
Other Income
1688914861321171212522
Interest
616032251211373744567996100
Depreciation
8788909898101168160144159216254258
Profit before tax
7713815810513914010464209360121250319
Net Profit
5791104709392904516032389183234
EPS in Rs
3.335.335.713.865.125.094.992.559.0618.295.0810.4613.36
Dividend Payout %
60%38%44%52%-0%54%70%78%44%14%-0%72%–

Compounded Profit Growth

10 Years:7%
5 Years:14%
3 Years:4%
TTM:177%

Compounded Sales Growth

10 Years:7%
5 Years:8%
3 Years:13%
TTM:5%

Return on Equity

10 Years:18%
5 Years:20%
3 Years:21%
Last Year:17%

Stock Price CAGR

10 Years:2%
5 Years:21%
3 Years:-1%
1 Year:4%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
868691919090908888888787175
Reserves
221271423450503556527509563888858997921
Borrowings
505443262185811414544225377201,0361,2261,107
Other Liabilities
166154166171188191154180192196232275282
Total Liabilities
9789539428978629781,2251,1991,3801,8922,2142,5862,485
Fixed Assets
7407077126946257059909541,0981,4821,9012,2432,194
Gross Block
1,216.701,248.83801.69877.58904.451,083.511,510.511,585.021,842.172,159.982,721.203,254.86–
Accumulated Depreciation
476.36541.9789.54183.70279.49378.46520.20630.67744.18677.77820.681,012.22–
CWIP
14916284246353824157
Investments
00300000015000
Other Assets
223237211201230231230238247356290328284
Total Assets
9789539428978629781,2251,1991,3801,8922,2142,5862,485

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
203235264198205192257272371318424558
Cash from Investing Activity
-91-49-107-59-44-209-119-32-180-144-243-430
Cash from Financing Activity
-112-185-155-146-15411-138-234-201-171-174-93
Net Cash Flow
022-77-606-103735

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
202015151514151311111111
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
202015151514151311111111
Working Capital Days
-51-37-15-10-16-15-21-18-16-25-22
ROCE %
16%24%24%17%22%21%16%10%22%18%11%16%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
64.17%64.17%64.24%60.24%60.24%60.24%60.24%60.24%60.24%60.24%60.24%60.24%
FIIs
4.15%2.35%2.18%2.16%2.51%3.26%3.83%3.94%3.65%3.62%3.98%3.99%
DIIs
20.77%24.23%25.10%29.02%28.13%26.57%25.64%25.47%25.57%25.33%24.55%24.28%
Public
10.90%9.24%8.48%8.58%9.11%9.93%10.28%10.34%10.55%10.82%11.22%11.49%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

VRL Logistics to close trading window from April 1, 2026, until results announcement

27th March 2026, 4:10 pm

VRL Logistics Ltd. to hold investor meeting on February 25, 2026

23rd February 2026, 10:01 pm

VRL Logistics Announces Investor Meeting on Feb 26, 2026

23rd February 2026, 9:32 pm

VRL Logistics Ltd - 539118 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

13th February 2026, 3:32 pm

VRL Logistics Q3 FY26 Earnings Call: Flat Revenue, Improved Margins, FY27 Growth Guidance of 11%

10th February 2026, 6:14 pm

Published by Other Websites

External media mentions & references

MSCI Rejig: AB Capital, L&T Fin In, IRCTC Out; Fund Flows To Shift

11th February 2026, 6:40 am

Policy Shift Sparks InCred's India Strategy Overhaul

6th February 2026, 3:07 pm

Dividend Rush: 30+ Indian Stocks Turn Ex-Dividend Next Week

6th February 2026, 1:04 pm

VRL Logistics Profit Jumps 9% on Margin Gains, Declares ₹5 Dividend

5th February 2026, 5:01 pm

Ports & Logistics Set for Strong Q3; Elara Capital Names Top Picks

6th January 2026, 1:51 pm

News Articles

Editorial & research coverage

Policy Shift Sparks InCred's India Strategy Overhaul
Policy Shift Sparks InCred's India Strategy Overhaul

6th February 2026, 3:07 pm

VRL Logistics Profit Jumps 9% on Margin Gains, Declares ₹5 Dividend
VRL Logistics Profit Jumps 9% on Margin Gains, Declares ₹5 Dividend

5th February 2026, 5:01 pm

Ports & Logistics Set for Strong Q3; Elara Capital Names Top Picks
Ports & Logistics Set for Strong Q3; Elara Capital Names Top Picks

6th January 2026, 1:51 pm

VRL Logistics: Q2 Results Beat! ICICI Securities Says BUY with New Target – Top Pick Alert!
VRL Logistics: Q2 Results Beat! ICICI Securities Says BUY with New Target – Top Pick Alert!

10th November 2025, 11:45 am

Nuvama Institutional Equities Recommends 'Buy' on Adani Ports, Motherson Sumi, and VRL Logistics, Citing High Upside Potential
Nuvama Institutional Equities Recommends 'Buy' on Adani Ports, Motherson Sumi, and VRL Logistics, Citing High Upside Potential

7th November 2025, 6:12 am

Documents

Announcements

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

11 Dec - VRL Logistics scheduled 1x1 virtual analyst meeting on 17 Dec 2025, 4:00 PM with Ardeko Asset Management Private Limited.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

10 Dec - Investor/analyst meetings moved from 12 Dec 2025 to 15 Dec 2025 in Mumbai (host Motilal Oswal).

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

5 Dec 2025 - The officials of the Company will be participating in a Non-Deal Roadshow (NDR) to meet Investors as per details attached.

Announcement under Regulation 30 (LODR)-Credit Rating

19 Nov 2025 - ICRA changed VRL Logistics' long-term outlook to Positive from Stable for A+ term and working capital loans.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

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Financial Year 2018

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Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

19 Nov 2025 from icra

Rating update

30 Aug 2024 from icra

Rating update

5 Dec 2023 from icra

Rating update

6 Dec 2022 from icra

Rating update

29 Sep 2021 from icra

Rating update

6 Jul 2020 from icra

Concalls

Nov 2025

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Stock Analysis

Description

  1. 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.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. December 31, 2025: Trading window closure for designated persons, promoters, and directors.
  2. 48 hours after declaration of Q3 FY26 results: Trading window reopens.

Corporate Announcements

27th Mar 26
Impact Rating: 5
VRL Logistics' trading window closes April 1, 2026, restricting designated persons and relatives. It reopens 48 hours after the announcement of audited FY26 financial results.
23rd Feb 26
Impact Rating: 6
VRL Logistics has scheduled a 1x1 virtual investor and analyst meeting for February 25, 2026, from 4:30 PM to 5:30 PM IST. The discussions will be based on publicly available information.
23rd Feb 26
Impact Rating: 5
VRL Logistics confirmed participation in a 1x1 virtual investor meeting organized by Jefferies (India) on February 26, 2026, from 5 PM IST. Discussions will be based solely on publicly available information.
13th Feb 26
Impact Rating: -
No description available.
10th Feb 26
Impact Rating: 6
Q3 FY26 results for VRL Logistics: Revenue flat YoY, PAT up 9%. Management projects ~11% revenue growth for FY27 driven by volumes and network expansion.