VRL Logistics Limited

NSE: VRLLOG · Unclassified

₹339.05+8.46%06 Nov 2026

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Instant answers about VRL Logistics Limited — computed from its filings, no language model

Market cap₹5,931 cr

Current price₹339.05

High / Low₹339 / ₹230

P/E18.5

P/B4.48

Book value₹75.7

ROE24.2%

ROCE26.5%

Debt / equity0.48

Dividend yield2.95%

EPS (TTM)₹18.31

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,922	2,110	2,119	1,763	2,394	2,649	2,889	3,161	3,221
EBITDA	234	244	298	247	404	402	393	573	650
Operating margin	12.2%	11.6%	14.1%	14.0%	16.9%	15.2%	13.6%	18.1%	20.2%
Interest	11	11	37	37	43	54	78	95	95
Depreciation	98	101	168	160	168	159	216	254	261
Profit before tax	139	140	104	64	210	203	121	250	318
Tax	47	49	14	19	50	36	32	67	81
Net profit	93	92	0	0	0	323	89	183	237
EPS ₹	10.17	10.17	9.97	4.99	18.12	36.58	10.16	20.91	13.54
Operating cash flow	—	—	—	—	371	318	424	558	654
Capex	—	—	—	—	193	412	285	449	299
Dividend paid	—	—	—	—	0	0	44	44	175
Total assets	—	—	—	—	—	1,892	2,214	2,586	2,605
Equity	—	—	—	—	—	976	946	1,085	1,142

Quarterly performance

last 34 quarters · ₹ crore

showing latest 8 of 34 periods

	MAR '18	JUN '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26*
Revenue	489	528	551	513	540	524	557	498	160	439	563	600	414	636	678	665	717	731	682	698	674	709	737	768	727	799	825	809	744	797	827	853	879	962
Operating profit	44	60	70	60	89	73	80	57	-34	87	99	96	36	113	129	126	114	99	103	114	102	92	94	105	87	133	166	187	152	151	170	177	187	221
Operating margin	9.1%	11.4%	12.6%	11.7%	16.5%	14.0%	14.3%	11.4%	-21.2%	19.8%	17.5%	15.9%	8.7%	17.8%	19.0%	18.9%	16.0%	13.6%	15.2%	16.3%	15.1%	12.9%	12.8%	13.7%	11.9%	16.6%	20.2%	23.1%	20.4%	19.0%	20.6%	20.8%	21.2%	23.0%
Other income	2	2	1	2	2	3	2	2	2	3	5	3	4	2	5	7	3	2	4	5	9	6	2	4	15	2	6	3	6	7	4	6	6	5
Interest	2	2	4	4	9	9	9	11	10	9	8	9	10	10	12	12	12	15	15	13	16	19	21	22	23	22	24	26	26	24	22	23	23	24
Depreciation	25	25	25	26	40	41	41	45	42	39	41	38	38	40	44	46	39	43	42	45	49	52	57	58	62	64	65	64	65	65	68	64	62	64
Profit before tax	20	37	42	33	42	26	33	3	-84	42	55	51	-8	66	78	74	66	44	51	60	46	28	19	29	18	49	83	100	67	69	84	98	108	138
Tax	8	12	15	12	15	-9	7	1	-21	11	15	14	-2	16	17	18	17	12	13	-1	12	8	5	8	4	13	24	25	17	19	19	26	27	35
Net profit	12	0	0	21	27	35	26	0	0	0	0	0	0	0	0	0	49	31	49	193	34	20	14	22	13	36	59	74	50	50	65	72	81	103
EPS ₹	1.34	2.68	2.94	2.27	3.04	3.84	2.86	0.24	-6.94	3.42	4.40	4.21	-0.68	5.60	6.85	6.36	5.59	3.56	5.57	21.87	3.88	2.25	1.56	2.46	1.54	4.09	6.79	8.49	5.72	2.85	3.70	4.12	4.60	5.89
Revenue YoY	—	—	—	4.9%	2.1%	—	1.1%	-2.9%	-70.3%	-16.1%	1.1%	20.6%	158.5%	44.9%	20.4%	10.8%	73.3%	14.8%	0.5%	5.0%	-6.0%	-2.9%	8.1%	10.1%	7.9%	12.7%	12.0%	5.3%	2.4%	-0.3%	0.2%	5.4%	18.1%	20.7%
Profit YoY	—	—	—	70.7%	—	—	—	-100.0%	-100.0%	-100.0%	-100.0%	—	—	—	—	—	—	—	—	—	-31.2%	-37.3%	-72.3%	-88.8%	-60.4%	81.7%	335.3%	244.7%	272.3%	39.3%	9.0%	-2.8%	60.9%	106.4%

Earlier results (standalone, Mar '15 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

VRL Logistics Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY16†	FY17†
Revenue	1,722	1,803
Operating profit	267	218
Operating margin	15.5%	12.1%
Other income	8	9
Interest	31	24
Depreciation	90	95
Profit before tax	154	108
Tax	52	38
Net profit	102	70

Quarters

showing latest 8 of 12 periods

	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	397	448	427	431	416	459	450	452	443	492	452	489
Operating profit	59	83	69	65	49	67	50	59	42	72	56	62
Operating margin	14.8%	18.6%	16.3%	15.2%	11.7%	14.6%	11.1%	13.2%	9.4%	14.7%	12.3%	12.6%
Other income	2	2	2	2	2	2	2	3	2	6	3	4
Interest	14	10	7	6	7	7	7	5	5	4	3	2
Depreciation	18	22	22	22	23	24	24	24	24	24	24	25
Profit before tax	33	53	42	39	21	39	22	33	15	50	31	39
Tax	13	17	13	14	7	12	8	11	7	16	9	14
Net profit	19	35	29	25	13	26	14	22	8	34	22	25
EPS ₹	2.26	3.94	3.17	2.71	1.45	2.90	1.52	2.38	0.92	3.70	2.36	2.77
Revenue YoY	—	—	—	—	4.6%	2.4%	5.4%	4.8%	6.6%	7.2%	0.4%	8.4%
Profit YoY	—	—	—	—	-31.8%	-25.2%	-52.2%	-12.1%	-36.6%	27.5%	55.7%	15.9%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 29 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	11.0%	17.7%	33.1%	31.5%	32.6%	28.7%	9.4%	7.2%	8.5%	13.1%	16.9%	20.2%	21.3%	21.8%	20.7%	23.4%	24.2%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	34.5%	31.8%	23.9%	22.5%	20.6%	18.5%	16.2%	14.5%	15.9%	21.2%	22.5%	26.0%	28.7%	28.6%	25.8%	28.1%	26.5%
Net margin	3.9%	5.1%	4.2%	3.5%	1.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.8%	2.9%	4.7%	11.4%	11.1%	10.7%	9.2%	3.1%	2.3%	2.8%	4.2%	5.8%	6.9%	7.4%	7.5%	7.4%	8.0%	9.1%
EBITDA margin	13.7%	14.1%	14.1%	10.1%	11.4%	12.6%	14.0%	15.7%	15.5%	16.1%	16.9%	17.9%	16.8%	15.8%	15.2%	15.0%	14.9%	14.3%	13.6%	12.9%	13.8%	15.8%	18.1%	20.1%	20.7%	20.8%	20.2%	20.4%	21.4%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	0.24	0.24	0.18	0.18	0.32	0.32	0.30	0.30	0.28	0.28	0.41	0.41	0.33	0.33	0.40	0.40	0.48
Interest coverage	6.74	5.46	3.84	0.43	0.84	1.41	2.73	4.89	5.46	5.65	5.87	7.18	6.17	5.35	5.00	4.39	3.91	3.19	2.55	2.10	2.30	2.98	3.64	4.04	4.19	4.26	4.35	4.92	5.68
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	1.65	1.65	1.49	1.47	1.36	1.38	1.30	1.33	1.33	1.37	1.22	1.23	1.28	1.28	1.24	1.29	1.19

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	88	88	87	87	87	87	175	175	175
Other equity / reserves	644	888	821	858	907	997	921	968	1,149
Total equity	733	976	909	946	995	1,085	1,096	1,142	1,324
Borrowings	174	179	291	279	283	447	365	456	630
Current liabilities	411	306	369	386	356	392	377	414	485
Non-current liabilities	550	610	757	882	922	1,110	1,012	1,049	1,152
Total assets	1,694	1,892	2,035	2,214	2,273	2,586	2,485	2,605	2,961
Property, plant & equipment	851	999	1,682	1,899	1,954	2,242	2,193	2,304	1,804
Capital work-in-progress	27	38	61	24	6	15	7	22	33
Investments	0	15	0	0	0	0	0	0	282
Inventories	49	53	47	41	43	43	40	44	42
Receivables	84	82	89	88	98	93	79	86	102
Cash & equivalents	11	12	11	18	24	53	60	15	12

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	371	318	424	558	654
Cash from investing	-180	-144	-243	-430	-294
Cash from financing	-195	-171	-174	-93	-398
Capex	193	412	285	449	299
Free cash flow	177	-94	139	109	356
Dividends paid	0	0	44	44	175

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,804 cr61%

CWIP

₹33 cr1%

Investments

₹282 cr10%

Inventories

₹42 cr1%

Receivables

₹102 cr3%

Cash & equivalents

₹12 cr0%

Other assets

₹688 cr23%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
VRL Logistics Limited	5,931	339.05	18.5	4.48	24.2%

StoxGud checklist: Bullish setup · 9/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+18.9%

6 months+26.6%

1 year+24.2%

3Y CAGR-0.3%

5Y CAGR+6.2%

10Y CAGR+9.1%

50-day avg₹288.36

200-day avg₹265.30

RSI (14)67

FAQs

What is the share price of VRL Logistics Limited?

VRL Logistics Limited (VRLLOG) closed at ₹339.05 on NSE on 06 Nov 2026.

What is the market cap of VRL Logistics Limited?

₹5,931 crore at the latest close.

What is the P/E ratio of VRL Logistics Limited?

18.5, on trailing-twelve-month earnings from its filings.

How fast is VRL Logistics Limited growing?

VRL Logistics Limited: revenue has compounded at 6.7% a year over three years; net profit at -9.8% a year. Latest-quarter revenue is up 20.7% year on year, profit up 106.4%.

How profitable is VRL Logistics Limited?

On a trailing-twelve-month basis return on equity is 24.2%, return on capital employed 26.5%, operating margin 21.4%, net margin 9.1%.

How much debt does VRL Logistics Limited have?

VRL Logistics Limited is lightly geared: debt to equity is 0.48 with borrowings of ₹630 cr against cash of ₹12 cr (balance sheet of 2026-09-30). Operating profit covers interest 5.7 times.

Financials parsed from VRL Logistics Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.