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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 539118 | NSE: VRLLOG

Fundamental Analysis of VRL Logistics Ltd

Basic Stock Data

Last Updated: April 19, 2024, 1:50 pm

Market Cap 4,853 Cr.
Current Price 557
High / Low799/517
Stock P/E37.9
Book Value 104
Dividend Yield0.90 %
ROCE17.9 %
ROE39.7 %
Face Value 10.0

Data Source: screener.in

Competitors of VRL Logistics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vera Synthetic Ltd 25.7 Cr. 52.099.2/50.516.3 38.30.00 %13.3 %9.98 % 10.0
Apeejay Surrendra Park Hotels Ltd 4,265 Cr. 200235/16889.10.00 %10.9 %9.03 % 1.00
Angel Fibers Ltd 55.0 Cr. 22.032.0/18.218.2 10.60.00 %1.23 %17.4 % 10.0
Achyut Healthcare Ltd 85.5 Cr. 50.860.8/34.4342 10.60.00 %2.63 %1.95 % 10.0
Vaishali Pharma Ltd 171 Cr. 159204/11529.3 41.80.00 %21.7 %19.7 % 10.0
Industry Average920.44 Cr96.7698.9820.260.00%9.95%11.61%8.20

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales563600414636601594614654682698674709737
Expenses465505378523484479523561578584572617642
Operating Profit99963611311811591931031141029294
OPM %18%16%9%18%20%19%15%14%15%16%15%13%13%
Other Income534291116316137962
Interest891010121212141513161921
Depreciation41383840384133384245495257
Profit before tax5551-8667773624462192462719
Tax %27%28%21%25%21%23%20%28%21%-0%26%28%27%
Net Profit4037-6496056493149193342014
EPS in Rs4.404.21-0.685.606.856.365.593.565.5721.873.882.251.56

Last Updated: April 10, 2024, 5:20 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:31 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,1301,3261,4941,6731,7231,8031,9222,1102,1191,7632,1642,6492,818
Expenses9381,1301,2851,3961,4511,5841,6881,8651,8151,5151,7882,2452,416
Operating Profit192196209277272220235245303248376404402
OPM %17%15%14%17%16%12%12%12%14%14%17%15%14%
Other Income5101688914861321171154
Interest65596160322512113737445669
Depreciation70828788909898101168160144159203
Profit before tax62647713815810513914010464209360284
Tax %-24%28%26%34%34%33%34%35%14%29%23%10%
Net Profit774657911047093929045160323260
EPS in Rs10.856.466.6710.6611.427.7210.2510.179.975.1018.1236.5829.56
Dividend Payout %25%99%60%38%44%52%0%54%70%78%44%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-40.26%23.91%59.65%14.29%-32.69%32.86%-1.08%-2.17%-50.00%255.56%101.88%
Change in YoY Net Profit Growth (%)0.00%64.17%35.74%-45.36%-46.98%65.55%-33.93%-1.10%-47.83%305.56%-153.68%

Growth

Compounded Sales Growth
10 Years:7%
5 Years:7%
3 Years:8%
TTM:11%
Compounded Profit Growth
10 Years:22%
5 Years:28%
3 Years:51%
TTM:-19%
Stock Price CAGR
10 Years:%
5 Years:15%
3 Years:35%
1 Year:-13%
Return on Equity
10 Years:21%
5 Years:22%
3 Years:26%
Last Year:40%

Last Updated: April 15, 2024, 11:22 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital71718686919190909088888887
Reserves117108221271423450503556527509563888821
Preference Capital01100000000000
Borrowings60350150544326218581141454422537720907
Other Liabilities142286166154166171188191154180192196220
Total Liabilities9329659789539428978629781,2251,1991,3801,8922,035
Fixed Assets6957107407077126946257059909541,0981,4821,683
CWIP101414916284246353861
Investments00003000000150
Other Assets228241223237211201230231230238247356291
Total Assets9329659789539428978629781,2251,1991,3801,8922,035

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 163163203235264198205192257272371318
Cash from Investing Activity -240-90-91-49-107-59-44-209-119-32-180-144
Cash from Financing Activity 76-71-112-185-155-146-15411-138-234-201-171
Net Cash Flow-12022-77-606-103

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow192.0086.00209.00277.00272.00220.00235.00245.00303.00248.00376.00404.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days252420201515151415131111
Inventory Days
Days Payable
Cash Conversion Cycle252420201515151415131111
Working Capital Days-22-22-24-15-4311111212811
ROCE %19%16%16%24%24%17%22%21%16%10%22%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters69.59%69.59%69.59%69.59%69.59%69.59%69.59%64.17%64.17%64.24%60.24%60.24%
FIIs3.05%2.20%2.61%3.49%3.62%5.37%5.75%4.15%2.35%2.18%2.16%2.51%
DIIs18.66%18.50%17.81%16.66%15.14%13.58%14.45%20.77%24.23%25.10%29.02%28.13%
Public8.70%9.70%9.99%10.26%11.65%11.46%10.21%10.90%9.24%8.48%8.58%9.11%
No. of Shareholders45,47651,81742,39946,92954,66656,17464,29468,00990,88658,22158,23958,744

Shareholding Pattern Chart

No. of Shareholders

VRL Logistics Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HSBC Small Cap Fund - Regular Plan21088001.12157.02
SBI Magnum Midcap Fund15400000.72114.67
Canara Robeco Small Cap Fund13823311.07102.93
HSBC Aggressive Hybrid Fund9602961.3971.5
Nippon India Multi Cap Fund9215580.2768.62
HSBC Infrastructure Fund5978182.0244.51
SBI Conservative Hybrid Fund5748040.4542.8
SBI Conservative Hybrid Fund - Div (Annual)5748040.4542.8
SBI Conservative Hybrid Fund - Div (Monthly)5748040.4542.8
SBI Magnum Childrens Benefit Fund - Investment Plan5537762.5641.23

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)36.5818.124.999.9710.17
Diluted EPS (Rs.)36.5818.124.999.9710.17
Cash EPS (Rs.)54.6037.1423.1928.5221.31
Book Value[Excl.RevalReserv]/Share (Rs.)110.4673.7667.5968.2871.50
Book Value[Incl.RevalReserv]/Share (Rs.)110.4673.7667.5968.2871.50
Dividend / Share (Rs.)5.008.004.007.005.50
Revenue From Operations / Share (Rs.)299.80270.95199.55234.50233.50
PBDIT / Share (Rs.)47.0947.6529.4734.1627.88
PBIT / Share (Rs.)29.0728.6411.3815.6116.75
PBT / Share (Rs.)22.9223.767.2111.5515.55
Net Profit / Share (Rs.)36.5818.125.109.9710.17
PBDIT Margin (%)15.7017.5814.7614.5611.94
PBIT Margin (%)9.6910.565.706.657.17
PBT Margin (%)7.648.763.614.926.65
Net Profit Margin (%)12.206.682.554.254.35
Return on Networth / Equity (%)33.1224.577.5414.6014.22
Return on Capital Employeed (%)16.1922.6810.6914.5017.72
Return On Assets (%)17.0811.593.767.359.40
Long Term Debt / Equity (X)0.100.120.060.150.16
Total Debt / Equity (X)0.180.220.170.260.20
Asset Turnover Ratio (%)1.621.861.451.922.29
Current Ratio (X)0.910.640.680.711.39
Quick Ratio (X)0.730.470.520.601.15
Dividend Payout Ratio (NP) (%)0.0066.210.0090.2234.40
Dividend Payout Ratio (CP) (%)0.0032.300.0031.5516.42
Earning Retention Ratio (%)0.0033.790.009.7865.60
Cash Earning Retention Ratio (%)0.0067.700.0068.4583.58
Interest Coverage Ratio (X)7.669.777.078.4023.19
Interest Coverage Ratio (Post Tax) (X)4.064.722.223.459.46
Enterprise Value (Cr.)5691.144495.812122.021540.852667.52
EV / Net Operating Revenue (X)2.151.881.200.721.26
EV / EBITDA (X)13.6810.688.154.9910.59
MarketCap / Net Operating Revenue (X)2.111.821.160.651.21
Retention Ratios (%)0.0033.780.009.7765.59
Price / BV (X)5.736.703.412.253.95
Price / Net Operating Revenue (X)2.111.821.160.651.21
EarningsYield0.050.030.020.060.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 1578.90

The stock is undervalued by 183.46% compared to the current price ₹557

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 18.75%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -1.58, which is a positive sign.
  3. The company has higher reserves (458.23 cr) compared to borrowings (8.46 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (1.38 cr) and profit (146.46 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 16.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in VRL Logistics Ltd:
    1. Net Profit Margin: 12.20%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 16.19% (Industry Average ROCE: 9.95%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 33.12% (Industry Average ROE: 11.61%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.06
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.73
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: 37.9 (Industry average Stock P/E: 98.98)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.18
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★★★☆

About the Company

VRL Logistics Ltd. is a Public Limited Listed company incorporated on 31/03/1983 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L60210KA1983PLC005247 and registration number is 005247. Currently Company is involved in the business activities of Electric power generation using other non conventional sources. Company’s Total Operating Revenue is Rs. 2393.65 Cr. and Equity Capital is Rs. 88.34 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Logistics - Warehousing/Supply Chain/OthersRS. No.351 /1, Varur, post Chabbi, Hubballi Karnataka 581207varurho@vrllogistics.com
http://www.vrlgroup.in
Management
NamePosition Held
Dr. Vijay SankeshwarChairman & Managing Director
Mr. Anand SankeshwarManaging Director
Mr. K N UmeshExecutive Director
Mr. L R BhatExecutive Director
Dr. Ashok ShettarNon Executive Director
Mr. Raghottam AkamanchiNon Executive Director
Mrs. Smriti BelladIndependent Director
Mr. Gurudas NarekuliIndependent Director
Mr. Shankarasa LadwaIndependent Director
Dr. Anand PandurangiIndependent Director
Mrs. Medha PawarIndependent Director
Dr. Prabhakar KoreIndependent Director

VRL Logistics Ltd. Share Price Update

Share PriceValue
Today₹556.95
Previous Day₹560.55

FAQ

What is the latest fair value of VRL Logistics Ltd?

The latest fair value of VRL Logistics Ltd is 1578.90.

What is the Market Cap of VRL Logistics Ltd?

The Market Cap of VRL Logistics Ltd is 4,853 Cr..

What is the current Stock Price of VRL Logistics Ltd as on 20 April 2024?

The current stock price of VRL Logistics Ltd as on 20 April 2024 is 557.

What is the High / Low of VRL Logistics Ltd stocks in FY 2024?

In FY 2024, the High / Low of VRL Logistics Ltd stocks is ₹799/517.

What is the Stock P/E of VRL Logistics Ltd?

The Stock P/E of VRL Logistics Ltd is 37.9.

What is the Book Value of VRL Logistics Ltd?

The Book Value of VRL Logistics Ltd is 104.

What is the Dividend Yield of VRL Logistics Ltd?

The Dividend Yield of VRL Logistics Ltd is 0.90 %.

What is the ROCE of VRL Logistics Ltd?

The ROCE of VRL Logistics Ltd is 17.9 %.

What is the ROE of VRL Logistics Ltd?

The ROE of VRL Logistics Ltd is 39.7 %.

What is the Face Value of VRL Logistics Ltd?

The Face Value of VRL Logistics Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in VRL Logistics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE