As of 6 Nov 2026, VRL Logistics trades at 18.5× trailing earnings, above the industry P/E of 13.8×. It earns ROCE of 19% and ROE of 21%, and sales grew 6.8% a year over 3 years while net profit fell 9.8%. Its dividend yield is 1.5%, and debt is 1.01× equity. It is a small-cap company with a market cap of ₹5,931 Cr, the largest of 9 Trucking companies by market cap; the shares rose 16% over the past year.
- ₹309.00
- ₹341.50
- ₹308.00
- ₹312.60
- 38.8 L
Health check
- ReturnsAhead
+15.5% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 18.5 vs industry 13.8.
- GrowthSteady
Sales +6.8%, profit −9.8% a year over 3 years.
- ProfitabilityAverage
ROCE 18.8% vs peer median 6.9%.
- Balance sheetFair
Debt 1.01× equity, interest covered 4.4×, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹5,931 Cr
- Small cap
- P/E
- 18.5
- Industry 13.8
- Price to book
- 5.19
- Peers 1.09
- Dividend yield
- 1.47%
- ROE
- 21.3%
- Peers 4.1%
- ROCE
- 18.8%
- Peers 6.9%
- Debt to equity
- 1.01
- Debt ₹1,154 Cr
- EPS (TTM)
- ₹18.31
- Face value ₹10
- OPM (TTM)
- 14.1%
- Net margin 7.9%
- Sales growth
- +20.7%
- Latest quarter vs a year ago
- Profit growth
- +106.4%
- Latest quarter vs a year ago
- Price to sales
- 1.76
- EV/EBITDA 12.5
Strengths and risks
Strengths
- Return on equity of 21.3%.
- Quarterly profit up 106.4% on a year ago.
- Quarterly sales up 20.7% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About VRL Logistics
VRL Logistics Limited operates as a logistics and transport company in India. The company offers services, such as truckload and full truck load, door-to door FTL service, door collection and door delivery; and provides courier services for time sensitive documents and packages. It also provides vehicles for outdoor branding. The company was formerly known as Vijayanand Roadlines Ltd. and changed its name to VRL Logistics Limited in August 2006. VRL…
- Headquarters
- Hubli
- Employees
- 21,511
- Sector
- Industrials
- ISIN
- INE366I01010
- Website
- vrlgroup.in
Price range
- Avg volume (3M)
- 6.1 L
- 1-year return
- plus 15.5%
- From 52-week high
- minus 2.6%
Analyst consensus
Peers · Trucking
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| VRLLOGVRL Logistics | 339.05 | plus 8.46% | 5,931 | 18.5 | 10.7 | 18.8% | 12.9% | 1.01 | 6.8% | plus 15.5% |
| SVLLShree Vasu Logistics | 770.90 | minus 3.66% | 886 | 123.9 | 19.7 | – | 9.7% | 5.09 | 30.6% | plus 4.9% |
| NECCLTDNorth Eastern Carrying Corporation | 17.09 | minus 2.51% | 179 | 21.6 | 16.5 | 7.8% | 6.8% | 0.49 | 0.2% | minus 17.8% |
| OBCLOBCL | 58.88 | minus 1.65% | 124 | – | 41.2 | −1.6% | −1.5% | 0.93 | −1.8% | plus 5.4% |
| CHLOGISTChartered Logistics | 7.53 | minus 0.66% | 96 | – | 27.2 | 2.4% | −1.3% | 0.33 | −5.5% | minus 4.9% |
| ABCINDQABC India | 61.39 | plus 6.91% | 33 | 13.8 | – | 6.1% | −2.2% | 0.24 | 4.2% | minus 29.8% |
| INTSTOILInter State Oil Carrier | 46.00 | minus 0.22% | 23 | 9.8 | 5.7 | 14.1% | 3.9% | 1.36 | 26.0% | plus 42.5% |
| BLTBLT Logistics | 31.90 | plus 5.45% | 15 | 3.6 | 2.6 | 24.9% | 10.1% | 0.48 | 21.9% | minus 39.9% |
| Median of 7 peers | – | −0.66% | 96 | 13.8 | 18.1 | 6.9% | 3.9% | 0.49 | 4.2% | −4.9% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 797 | 827 | 853 | 879 | 962 | |
| 711 | 725 | 739 | 755 | 805 | |
| 86.4 | 102 | 114 | 124 | 157 | |
| 10.8% | 12.3% | 13.4% | 14.1% | 16.3% | |
| 7 | 3.8 | 6.4 | 6 | 4.7 | |
| 24.2 | 21.9 | 22.7 | 22.7 | 23.9 | |
| 69.1 | 83.8 | 97.7 | 108 | 138 | |
| 27.8% | 22.8% | 26.1% | 25.1% | 25.3% | |
| 49.9 | 64.8 | 72.1 | 80.5 | 103 | |
| – | 3.70 | 4.12 | 4.60 | 5.89 |
Profit & loss
- Sales CAGR 3Y
- +6.8%
- Profit CAGR 3Y
- −9.8%
- EPS CAGR 3Y
- −9.5%
- ROE
- 21.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,628 | 2,871 | 3,143 | 3,204 | |
| – | +9.3% | +9.5% | +1.9% | |
| 2,210 | 2,477 | 2,567 | 2,545 | |
| 417 | 395 | 576 | 658 | |
| 15.9% | 13.7% | 18.3% | 20.6% | |
| 11.8 | 17.3 | 10.9 | 13.8 | |
| 54.3 | 77.8 | 94.8 | 94 | |
| 172 | 216 | 254 | 261 | |
| 0.1 | 2.8 | 11.1 | 0.7 | |
| 203 | 121 | 250 | 318 | |
| 18.0% | 26.4% | 26.8% | 25.5% | |
| 323 | 88.9 | 183 | 237 | |
| – | minus 72.5% | +105.9% | +29.5% | |
| 18.29 | 5.08 | 10.46 | 13.54 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 88.3 | 87.5 | 87.5 | 175 | |
| 887 | 858 | 997 | 968 | |
| 720 | 1,036 | 1,228 | 1,154 | |
| 196 | 232 | 273 | 309 | |
| 1,892 | 2,214 | 2,586 | 2,605 | |
| 1,520 | 1,923 | 2,265 | 2,354 | |
| 38.4 | 23.6 | 23.8 | 51 | |
| 0.2 | 0.1 | 0.1 | 0.1 | |
| 26.7 | 18.3 | 53.1 | 15.9 | |
| 307 | 249 | 243 | 184 | |
| 1,892 | 2,214 | 2,586 | 2,605 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 318 | 424 | 555 | 654 | |
| −144 | −243 | −430 | −294 | |
| −171 | −174 | −90.2 | −398 | |
| 3 | 6.8 | 34.9 | −37.6 | |
| −412 | −285 | −449 | −299 | |
| −94.1 | 139 | 106 | 356 | |
| – | −43.8 | −43.7 | −175 |
Shareholding pattern
- Promoters60.24%
- Public39.76%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 60.24% | 39.76% | 0.00 | |
| 30 Jun 2026 | 60.24% | 39.76% | 0.00 | |
| 31 Mar 2026 | 60.24% | 39.76% | 0.00 | |
| 31 Dec 2025 | 60.24% | 39.76% | 0.00 | |
| 30 Sep 2025 | 60.24% | 39.76% | – |
Major shareholders
Filings & events
News
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