VRL Logistics

NSE: VRLLOG · Logistics Solution Provider

52W Range₹225 ₹637

Snapshot

Unlock VRL Logistics's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

VRL Logistics Limited is a prominent Indian logistics and transport company providing goods transportation, bus operations, air passenger services, and wind power generation. The company operates an extensive road transport network across 23 states and 4 union territories, supported by a significant fleet of vehicles.

Business Model

The company generates revenue primarily through its goods transport segment, which offers less-than-truckload and full-truckload services, alongside courier solutions. Additional income streams are derived from passenger bus operations, air travel services, and the sale of electricity from its wind farm assets.

  • Bus Fleet Size:295
  • Wind Power Capacity:1.25 MW

Growth Outlook

Growth is driven by the expansion of road logistics infrastructure and the increasing demand for multi-modal courier services across India. The company continues to leverage its established network to capture market share in both the goods and passenger transport sectors.

Key Risks

  • Fuel Price Volatility. Fluctuations in diesel prices significantly impact operating margins due to the company's heavy reliance on road transport.
  • Regulatory and Compliance Risk. Changes in transport regulations, vehicle emission norms, or road taxes across various Indian states can affect operational costs.
  • Economic Cyclicality. The logistics sector is highly sensitive to broader economic activity and industrial production levels, which influence freight demand.
  • Operational Hazards. The company faces inherent risks related to road accidents, vehicle maintenance, and potential disruptions in the supply chain network.

Price

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Key Metrics

REVENUE

₹3,221 Cr

TTM · standalone

+1.9%YoY

NET PROFIT

₹237 Cr

TTM · standalone

+29.5%YoY

EPS

₹16.39

TTM · standalone

-21.6%YoY

RETURN ON EQUITY

21.5%

TTM · standalone

+2.8 ppYoY

RETURN ON CAPITAL EMPLOYED

18.8%

TTM · standalone

+0.8 ppYoY

P/E

14.0x

Q4 FY26 · standalone

14.0 vs 14.7x5Y avg

EV/EBITDA

3.6x

Q4 FY26 · standalone

3.6 vs 4.9x5Y avg

EBITDA MARGIN

20.9%

TTM · standalone

+2.0 ppYoY

NET PROFIT MARGIN

8.5%

Q4 FY26 · standalone

-0.7 ppYoY

DEBT TO EQUITY

0.4x

Q4 FY26 · standalone

-0.01xYoY

Peers · Logistics Solution Provider

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
VRL LogisticsVRLLOG
4,33014.033.641.9%20.9%21.5%18.8%-63.5%
Shadowfax TechnologiesSHADOWFAX
6,5715.0%
TVS Supply Chain Solutions LimitedTVSSCS
4,23553.518.0610.1%7.5%6.3%10.8%+2.8%
Sindhu Trade Links LimitedSINDHUTRAD
3,62870.7143.87-60.2%14.1%4.6%4.0%-27.3%
Mahindra Logistics LimitedMAHLOG
3,580-1177.739.6414.7%5.6%1.7%8.2%-0.3%
Gateway Distriparks LimitedGATEWAY
2,55811.506.4631.6%22.5%11.7%11.1%-11.4%

As of Q4 FY26

Financials