VRL Logistics Limited
NSE: VRLLOG · Logistics Solution Provider · sector
₹267.90NSE close 2026-10-26
Key numbers
Market cap₹4,687 cr
Price₹267.90
52w high / low₹310 / ₹225
P/E17.6xSector median 13.7x
P/B4.1xSector median 1.4x
Book value₹65.3
Dividend yield3.73%Sector median 0.60%
ROE24.0%Sector median 9.1%
ROCE28.1%Sector median 11.4%
OPM20.4%Sector median 7.0%
Debt / equity0.40xSector median 0.24x
EV/EBITDA7.5xSector median 8.9x
Interest cover4.9x
Current ratio0.49x
Sales growth 3y+6.7%Sector median +7.7%
Profit growth 3y-9.8%Sector median -9.8%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 51 companies in Logistics Solution Provider (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹16 cr vs borrowings ₹456 cr (FY26): borrowings are higher by ₹440 cr.
- Borrowings rose in each of the last 3 years (₹179 cr → ₹456 cr).
- Operating profit covered interest 4.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY23).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 9% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹267.90 on 2026-10-26: -13.6% from the 52-week high, +19.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹629.50 · low ₹230.14
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 799 | 825 | 809 | 744 | 797 | 827 | 853 | 879 |
| EBITDA | 133 | 166 | 187 | 152 | 151 | 170 | 177 | 187 |
| OPM % | 16.6% | 20.2% | 23.1% | 20.4% | 19.0% | 20.6% | 20.8% | 21.2% |
| Other income | 2 | 6 | 3 | 6 | 7 | 4 | 6 | 6 |
| Net profit | 36 | 59 | 74 | 50 | 50 | 65 | 72 | 81 |
| EPS (₹) | 2.04 | 3.40 | 4.25 | 2.86 | 2.85 | 3.70 | 4.12 | 4.60 |
| Revenue YoY | -0.3% | +0.2% | +5.4% | +18.1% | ||||
| Profit YoY | +39.3% | +9.0% | -2.8% | +60.9% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,394 | 2,649 | 2,889 | 3,161 | 3,221 | 3,356 |
| EBITDA | 404 | 402 | 394 | 573 | 650 | 685 |
| Net profit | 160 | 323 | 89 | 183 | 237 | 267 |
| EPS (₹) | 9.06 | 18.29 | 5.08 | 10.46 | 13.54 | 15.27 |
| Revenue growth | +10.6% | +9.1% | +9.4% | +1.9% | +5.6% | |
| Profit growth | +101.9% | -72.5% | +105.9% | +29.5% | +21.8% | |
| Dividend / share (₹) | 12.00 | – | 5.00 | 5.00 | 15.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.7% | +12.8% | +5.6% |
| Net profit | -9.8% | +39.4% | +21.8% |
| EPS | -9.5% | +40.3% | – |
| Share price | – | -0.2% (2y) | +4.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 976 | 946 | 1,085 | 1,142 |
| Borrowings | – | 179 | 279 | 447 | 456 |
| Cash & equivalents | – | 90 | 19 | 54 | 16 |
| Total assets | – | 1,892 | 2,214 | 2,586 | 2,605 |
| Fixed assets | – | 999 | 1,899 | 2,242 | 2,304 |
| Capital work in progress | – | 38 | 24 | 15 | 22 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 82 | 88 | 93 | 86 |
| Inventory | – | 53 | 41 | 43 | 44 |
| Payables | – | 14 | 15 | 13 | 26 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | 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 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 33.1% | 9.4% | 16.9% | 20.7% |
| ROCE % | – | 22.2% | 16.2% | 22.5% | 25.8% |
| Debtor days | – | 11 | 11 | 11 | 10 |
| Inventory days | – | 7 | 5 | 5 | 5 |
| Payable days | – | 2 | 2 | 2 | 3 |
| Cash conversion cycle (days) | – | 16 | 14 | 14 | 12 |
| Working capital days | – | -4 | -22 | -16 | -24 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 60.24% |
| FIIs | 3.69% |
| DIIs | 24.50% |
| of which Mutual funds | 23.68% |
| Public (non-institutions) | 11.57% |
| Quarter | Mar 2025 | Jun 2025 | Aug 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 60.24% | 60.24% | 60.24% | 60.24% | 60.24% | 60.24% | 60.24% | 60.24% |
| Promoter group | % |
|---|---|
| Anand Vijay Sankeshwar | 31.43% |
| Vijay Basavanneppa Sankeshwar | 28.33% |
| Vani Anand Sankeshwar | 0.45% |
| Lalitha Vijay Sankeshwar | 0.02% |
| Bharathi P Holkunde | 0.00% |
| Deepa Shivkant Sidnal | 0.00% |
| Dayanand Basavanneppa Sankeshwar | 0.00% |
| Mrutyunjay Sankeshwar | 0.00% |
| Mallikarjun Sankeshwar | 0.00% |
| Umadevi Pattanashetti | 0.00% |
| Arati Patil | 0.00% |
| Shakuntala D Sankeshwar | 0.00% |
| Shiva Sankeshwar | 0.00% |
| Vaishnovi Sankeshwar | 0.00% |
| Chandrakant B Patil | 0.00% |
| Public holders above 1% | % |
|---|---|
| HDFC Small CAP Fund | 9.77% |
| Bandhan Value Fund | 3.94% |
| Nippon Life India Trustee Ltd-a/c Nippon India MUL | 3.43% |
| UTI Aggressive Hybrid Fund | 3.30% |
| SBI Multi Asset Allocation Fund | 2.71% |
77,635 shareholders. Pledged: 0.00% of promoter shares.
Peers in Logistics Solution Provider
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CONCOR | ₹31,348 cr | 25.1x | 2.4x | 9.8% | 13.2% | 21.6% | +3.6% | 2.22% |
| DELHIVERY | ₹28,082 cr | 300.0x | 2.9x | 1.0% | 2.2% | 5.5% | +13.3% | – |
| SHADOWFAX | ₹16,722 cr | 128.7x | 9.6x | 6.4% | 7.5% | 5.0% | – | – |
| BLUEDART | ₹10,124 cr | 35.3x | 5.7x | 17.2% | 23.6% | 15.3% | +5.9% | 0.59% |
| TCI | ₹6,508 cr | 14.2x | 2.5x | 19.4% | 15.8% | 10.6% | +9.1% | 1.08% |
| TVSSCS | ₹4,879 cr | 75.7x | 2.4x | 3.4% | 8.3% | 7.0% | – | – |
| VRLLOG | ₹4,687 cr | 17.6x | 4.1x | 24.0% | 28.1% | 20.4% | +6.7% | 3.73% |
| MAHLOG | ₹3,871 cr | 104.6x | 3.3x | 4.8% | 11.9% | 5.5% | +10.9% | 0.46% |
| AFCOM | ₹3,781 cr | 18.9x | 8.3x | 54.4% | 45.9% | 35.1% | – | – |
| GATEWAY | ₹2,323 cr | 9.5x | 1.0x | 10.9% | 13.2% | 21.6% | +15.9% | 7.17% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-10-22 | Buyback | Buy Back |
| 2026-02-13 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2025-08-14 | Bonus | Bonus 1:1 |
| 2025-07-30 | Dividend | Dividend - Rs 10 Per Share |
| 2024-11-29 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2023-07-31 | Dividend | Dividend - Rs 5 Per Share |
| 2023-02-10 | Buyback | Buy Back |
| 2022-02-10 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2021-07-29 | Dividend | Dividend - Rs 4 Per Share |
| 2020-02-18 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2019-11-21 | Dividend | Interim Dividend Rs 4 Per Share |
| 2019-08-01 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2018-11-15 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2017-02-02 | Dividend | Interim Dividend Rs 4/- Per Hare (Purpose Revised) |
| 2016-02-08 | Dividend | Interim Dividend - Rs 5/- Per Share (Purpose Revised) |
| 2015-07-30 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Surface Logistics Service Provider:
| Sector | Services |
| Industry | Logistics Solution Provider |
| Sub-industry | Logistics Solution Provider |
| Symbol | VRLLOG |
| BSE code | 539118 |
| ISIN | INE366I01010 |
| Face value | ₹10.0 |
| Incorporated | 1983-03-31 |
| Website | www.vrlgroup.in |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.