VRLLOG

VRL Logistics Limited

Surface logistics services provider with road freight business

Services›Services›Transport Services›Logistics Solution Provider

vrlgroup.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹280.50
Market cap
4,911 Cr
Stock P/E
18.4
P/B
4.30
Dividend yield
3.6%
ROE (FY26)
20.7%
ROCE (FY26)
25.8%
Operating margin (FY26)
12.1%
Debt / equity (FY26)
0.40
OCF / EBITDA (FY26)
100.6%
OCF / EBITDA (3Y)
101.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

VRL Logistics moves goods by road across India for business customers, running a branch and hub network with its own fleet of trucks plus hired vehicles, and has focused on profitable tonnage after revising freight rates and exiting low-margin contracts.

Company snapshot

7thBy market cap

Ranked among 34 companies in Logistics Solution Provider.

Segment mix

Reportable segments as of 2022-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.1% of revenue

SegmentRevenue shareRevenuePBTAssets
Bus operations (Discontinued operations)
12.8%
87 Cr15 Cr67 Cr
Goods transport
99.1%
675 Cr73 Cr1,495 Cr
Sale Power (Discontinued operations)—0 Cr-0.0001 Cr42 Cr
Un-allocable revenue
0.9%
6 Cr0 Cr0 Cr

Shares add up to 113% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓101% of operating profit came in as cash over the last three years — profits are backed by real cash.
2 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales709 Cr737 Cr768 Cr727 Cr799 Cr825 Cr809 Cr744 Cr797 Cr827 Cr853 Cr879 Cr
Operating expenses (approx.)617 Cr642 Cr663 Cr640 Cr666 Cr659 Cr622 Cr593 Cr646 Cr657 Cr675 Cr692 Cr
EBITDA92 Cr94 Cr105 Cr87 Cr133 Cr166 Cr187 Cr152 Cr151 Cr170 Cr177 Cr187 Cr
OPM %12.9%12.8%13.7%11.9%16.6%20.2%23.1%20.4%19.0%20.6%20.8%21.2%
Other income6 Cr2 Cr4 Cr15 Cr2 Cr6 Cr3 Cr6 Cr7 Cr4 Cr6 Cr6 Cr
Interest19 Cr21 Cr22 Cr23 Cr22 Cr24 Cr26 Cr26 Cr24 Cr22 Cr23 Cr23 Cr
Depreciation52 Cr57 Cr58 Cr62 Cr64 Cr65 Cr64 Cr65 Cr65 Cr68 Cr64 Cr62 Cr
Profit before tax28 Cr19 Cr29 Cr18 Cr49 Cr83 Cr100 Cr67 Cr69 Cr84 Cr98 Cr108 Cr
Tax %28.6%26.9%26.0%23.6%27.4%28.8%25.4%25.6%27.8%22.8%26.1%25.1%
Net profit20 Cr14 Cr22 Cr13 Cr36 Cr59 Cr74 Cr50 Cr50 Cr65 Cr72 Cr81 Cr
EPS (₹)₹2.25₹1.56₹2.46₹1.54₹4.09₹6.79₹8.49₹5.72₹2.85₹3.70₹4.12₹4.60

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,803 Cr1,922 Cr2,110 Cr2,119 Cr1,763 Cr2,394 Cr2,649 Cr2,889 Cr3,161 Cr3,221 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,585 Cr1,688 Cr1,866 Cr1,820 Cr1,515 Cr1,989 Cr2,247 Cr2,495 Cr2,588 Cr2,571 CrSign in free for the trailing twelve months
EBITDA218 Cr234 Cr244 Cr298 Cr247 Cr404 Cr402 Cr393 Cr573 Cr650 CrSign in free for the trailing twelve months
OPM %12.1%12.2%11.6%14.1%14.0%16.9%15.2%13.6%18.1%20.2%Sign in free for the trailing twelve months
Other income9 Cr14 Cr8 Cr10 Cr13 Cr17 Cr14 Cr21 Cr25 Cr24 CrSign in free for the trailing twelve months
Interest24 Cr11 Cr11 Cr37 Cr37 Cr43 Cr54 Cr78 Cr95 Cr95 CrSign in free for the trailing twelve months
Depreciation98 Cr98 Cr101 Cr168 Cr160 Cr168 Cr159 Cr216 Cr254 Cr261 CrSign in free for the trailing twelve months
Profit before tax105 Cr139 Cr140 Cr104 Cr64 Cr210 Cr423 Cr121 Cr250 Cr318 CrSign in free for the trailing twelve months
Tax %33.1%33.6%34.6%13.6%29.3%23.7%23.7%26.4%26.8%25.5%Sign in free for the trailing twelve months
Net profit70 Cr93 Cr92 Cr90 Cr45 Cr160 Cr323 Cr89 Cr183 Cr237 CrSign in free for the trailing twelve months
EPS (₹)₹7.72₹10.17₹10.17₹9.97₹4.99₹18.12₹36.58₹10.16₹20.91₹13.54Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%49.3%23.9%73.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital91 Cr90 Cr90 Cr90 Cr88 Cr88 Cr88 Cr87 Cr87 Cr175 Cr
Reserves450 Cr503 Cr556 Cr527 Cr509 Cr563 Cr887 Cr858 Cr997 Cr968 Cr
Borrowings123 Cr69 Cr131 Cr166 Cr104 Cr143 Cr179 Cr279 Cr447 Cr456 Cr
Other liabilities233 Cr200 Cr201 Cr434 Cr498 Cr585 Cr737 Cr989 Cr1,054 Cr1,007 Cr
Total liabilities897 Cr862 Cr978 Cr1,217 Cr1,199 Cr1,380 Cr1,892 Cr2,214 Cr2,586 Cr2,605 Cr
Fixed assets (net)690 Cr622 Cr701 Cr758 Cr686 Cr747 Cr999 Cr1,899 Cr2,242 Cr2,304 Cr
CWIP2 Cr8 Cr42 Cr4 Cr6 Cr35 Cr38 Cr24 Cr15 Cr23 Cr
Investments0.06 Cr0.06 Cr3 Cr2 Cr2 Cr0.94 Cr16 Cr0.90 Cr0.88 Cr0.87 Cr
Inventories18 Cr24 Cr30 Cr29 Cr40 Cr46 Cr53 Cr41 Cr43 Cr44 Cr
Trade receivables75 Cr81 Cr80 Cr82 Cr64 Cr67 Cr82 Cr88 Cr93 Cr86 Cr
Cash & bank12 Cr19 Cr13 Cr13 Cr18 Cr14 Cr12 Cr18 Cr53 Cr15 Cr
Other assets99 Cr109 Cr110 Cr328 Cr382 Cr470 Cr693 Cr142 Cr139 Cr133 Cr
Total assets897 Cr862 Cr978 Cr1,217 Cr1,199 Cr1,380 Cr1,892 Cr2,214 Cr2,586 Cr2,605 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity198 Cr205 Cr192 Cr257 Cr271 Cr371 Cr318 Cr424 Cr558 Cr654 Cr
Cash from investing-59 Cr-44 Cr-209 Cr-119 Cr-31 Cr-180 Cr-144 Cr-243 Cr-430 Cr-294 Cr
Cash from financing-146 Cr-154 Cr11 Cr-138 Cr-234 Cr-195 Cr-171 Cr-174 Cr-93 Cr-398 Cr
Net cash flow-7 Cr7 Cr-6 Cr0.31 Cr5 Cr-5 Cr3 Cr7 Cr35 Cr-38 Cr
Free cash flow (OCF − Capex)135 Cr158 Cr-19 Cr135 Cr232 Cr177 Cr-94 Cr139 Cr109 Cr356 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %19.5%22.8%19.5%18.0%14.3%31.8%41.4%16.2%22.5%25.8%
ROE %13.0%15.6%14.2%14.6%7.5%24.6%33.1%9.4%16.9%20.7%
Debtor days15151414131011111110
Inventory days4555877555
Days payable1111332223
Cash conversion cycle18191819191417141412
OCF / EBITDA %90.7%87.7%78.8%86.3%109.5%91.7%79.3%107.7%97.4%100.6%
OCF / EBITDA % (3 years)——85.5%84.3%91.2%94.7%91.2%92.8%95.0%101.2%
Debt / equity0.230.120.200.270.170.220.180.300.410.40
Current ratio0.801.071.390.690.680.650.910.540.640.49
Net debt / EBITDA0.51—0.480.510.340.320.420.660.690.68