NSE: VRLLOG · BSE: 539118 · ISIN INE366I01010
VRL Logistics Limited stock analysis
VRL Logistics Limited ranks #954 in the TickerSutra evidence-ranked universe with a score of 58/100 and 95% data confidence. The latest captured fundamentals show ROCE of 18.3%, quarterly sales growth of 18.1% and quarterly profit growth of 60.9%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 0.99×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹2,164cr | ₹376cr | ₹160cr | 17.0% |
| 2023 | ₹2,649cr | ₹404cr | ₹323cr | 15.0% |
| 2024 | ₹2,889cr | ₹394cr | ₹89cr | 14.0% |
| 2025 | ₹3,161cr | ₹575cr | ₹183cr | 18.0% |
| 2026 | ₹3,221cr | ₹658cr | ₹237cr | 20.0% |
| TTM | ₹3,356cr | ₹685cr | ₹267cr | 20.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
Profit After Tax (PAT) rose to �23683 lakhs compared to �18292 lakhs in the previous year, representing robust growth of 29%. The improvement in the operational efficiencies in the current year led to improvement in EBITDA margins: The margin improvement is due to good control on Fuel Expenses, which is major cost of operation in our business. We further increased the Bulk purchase quantity (as a percent of total qua
Your Company also has a very well diversified customer base of ~10 lakhs plus across the various Industrial Sectors. During FY 2025-26, the Company’s largest customer and the top 10 customers put together contributed only 1% and 3% of the revenues of the Goods Transport business respectively. VRL has the lowest trade receivables in the industry.
The fleet rationalization continues with older vehicles being scrapped and utilization of owned assets improving. Around 79% of our fleet is debt free and 13% is fully depreciated providing strong operating leverage. Our strategic priorities remain unchanged; p rofitable volume growth, disciplined cost management and healthy working capital control.
Apart from this, we are also operating 216 Trailers with a total capacity of 5433 tons. Capex The strong cashflows mainly through the internal accruals of the Company led to robust expansion plans of the company. The current year strong cash flows enabled us to make capex of Rs.29805 lakhs including investments in purchase of properties at Ernakulam, Edapally, Vasanatanarsapura, Indore, Anantapur, Aroor, Trivandrum,
Despite that, the numbers were really great. So, how do we see next five years spending or in terms of pricing and the volume and what eventually led to the increase in the confidence regarding the price increase, which is eventually leading to this kind of consistent profitability growth? Sunil Nalavadi: So, basically, the freight rates are concerned, see the rate of freight rates, rationalization and withdrawal of
Your Company, being one of the organized players in this highly fragmented and unorganized market, stands to benefit as gradually businesses realize the costs of inefficiencies that smaller and regional operators present. Such gradual shift can be particularly seen after the post-pandemic economic revival also aided by a stricter GST regulatory environment. Organizations have realized that they need to build networks
How many Green Credits have been generated or procured? Generated by the listed entity - b Procured by the top ten (in terms of value of purchases and sales, respectively) value chain partners - Remarks: An earlier project of the company was approved by UNFCCC and the company is holding 74,047 certified carbon credits. PRINCIPLE 7 Businesses, when engaging in influencing public and regulatory policy, should do so in
This razor sharp focus on our foundational core competency, being less than truckload (LTL) and general parcel movement has completely shielded us from peripheral market volatility and allowed us to maximize management bandwidth. Navigating Market Realities and Financial Performance The fiscal year 2025-26 threw its fair share of challenges at the logistics sector, characterized by competitive pricing and localized v
m) Subsidiary/ Associate /Joint Venture companies The Company does not have any subsidiary, Associate, Joint Venture Companies. n) Details of utilization of funds raised through preferential allotment or qualified institutional placement as specified under Regulation 32 (7A) During the year under review, the Company has not raised any amount through preferential allotment or qualified institutional placement. o) A ce
Nature of industry: The Company is engaged in the business of Surface Logistics. Date of commencement of commercial production/ business operation: 31.03.1983 3. Financial performance based on given indicators: Standalone Financial Results for the last three years: (`in Lakhs) Particulars 2025-26 2024-25 2023-24 Profit (Loss) after Tax 23,683 18,292 8,885 Net Worth (including balance in Profit and Loss Account) 1,14,
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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