VRL Logistics, incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 4608.00 Crore) operating in Logistics sector.
VRL Logistics key Products/Revenue Segments include Income From Transportation Services, Income From Travel Operations, Power, Scrap, Services (Courier), Income (Airlines), Freight, Service (Hotel) and Income From Advertisement for the year ending 31-Mar-2022.
Financials
The company’s top management includes Dr.Vijay Sankeshwar, Mrs.Smriti Bellad, Mr.Shankarasa Ladwa, Dr.Anand Pandurangi, Mrs.Medha Pawar, Dr.Prabhakar Kore, Mr.Raghottam Akamanchi, Dr.Ashok Shettar, Mr.L R Bhat, Mr.K N Umesh, Mr.Anand Sankeshwar, Mr.Gurudas Narekuli. Company has Walker, Chandiok & Co.LLP as its auditors. As on 30-09-2022, the company has a total of 9 Crore shares outstanding.
Investment Rationale
The brokerage believes the sale of the bus segment and the recent price increase in the goods segment are positive for VRL. The brokerage expects VRL to clock a 21% volume CAGR over FY22-24in the goods business, with faster branch additions in untapped regions. The brokerage expects a revenue/EBITDA/PAT CAGR of 15%/13%/20% over FY22-24.
Promoter/FII Holdings
Promoters held 69.59 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.37 per cent, DIIs 14.45 per cent.
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