NSEI:VRLLOG

Stock Analysis Report

Executive Summary

VRL Logistics Limited operates as a logistics and transport company.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has VRL Logistics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.7%

NSEI:VRLLOG

-3.1%

IN Transportation

-0.7%

IN Market


1 Year Return

-17.3%

NSEI:VRLLOG

-9.2%

IN Transportation

-12.1%

IN Market

VRLLOG underperformed the Transportation industry which returned -9.2% over the past year.

VRLLOG underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

VRLLOGIndustryMarket
7 Day-0.7%-3.1%-0.7%
30 Day-2.5%-12.1%-4.6%
90 Day7.2%-1.7%-4.3%
1 Year-15.6%-17.3%-8.6%-9.2%-10.3%-12.1%
3 Year-11.9%-14.9%7.3%4.1%18.9%12.8%
5 Yearn/a9.6%4.5%37.6%24.7%

Price Volatility Vs. Market

How volatile is VRL Logistics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is VRL Logistics undervalued based on future cash flows and its price relative to the stock market?

29%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

VRL Logistics's share price is below the future cash flow value, and at a moderate discount (> 20%).

VRL Logistics's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

VRL Logistics is overvalued based on earnings compared to the IN Transportation industry average.

VRL Logistics is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

VRL Logistics is good value based on expected growth next year.


Price Based on Value of Assets

VRL Logistics is overvalued based on assets compared to the IN Transportation industry average.


Next Steps

Future Growth

How is VRL Logistics expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

26.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

VRL Logistics's revenue is expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).

VRL Logistics's earnings are expected to grow significantly at over 20% yearly.

VRL Logistics's revenue growth is positive but not above the India market average.

VRL Logistics's earnings growth is expected to exceed the India market average.

VRL Logistics's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

VRL Logistics is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has VRL Logistics performed over the past 5 years?

-3.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

VRL Logistics's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

VRL Logistics's 1-year earnings growth exceeds its 5-year average (14.7% vs -3.7%)

VRL Logistics's earnings growth has not exceeded the IN Transportation industry average in the past year (14.7% vs 25.2%).


Return on Equity

VRL Logistics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

VRL Logistics used its assets more efficiently than the IN Transportation industry average last year based on Return on Assets.


Return on Capital Employed

VRL Logistics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is VRL Logistics's financial position?


Financial Position Analysis

VRL Logistics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

VRL Logistics's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

VRL Logistics's level of debt (21.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (153.6% vs 21.8% today).

Debt is well covered by operating cash flow (136.6%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 9.9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.2x debt.


Next Steps

Dividend

What is VRL Logistics's current dividend yield, its reliability and sustainability?

2.24%

Expected Dividend Yield


Dividend Yield and Payments Analysis

VRL Logistics's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

VRL Logistics's dividend is below the markets top 25% of dividend payers in India (2.52%).

VRL Logistics has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

VRL Logistics has only been paying a dividend for 4 years, and since then there has been no growth.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).


Next Steps

Management

What is the CEO of VRL Logistics's salary, the management and board of directors tenure and is there insider trading?

9.1yrs

Average management tenure


CEO

Vijay Sankeshwar (69yo)

12.6yrs

Tenure

₹38,975,000

Compensation

Dr. Vijay Basavanneppa Sankeshwar, B.Com has been the Chairman and Managing Director of VRL Logistics Ltd since January 2007. Dr. Sankeshwar started VRL Company in the year 1976 as a proprietary concern an ...


CEO Compensation Analysis

Vijay's remuneration is higher than average for companies of similar size in India.

Vijay's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.1yrs

Average Tenure

49.5yo

Average Age

The average tenure for the VRL Logistics management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.5yrs

Average Tenure

60.5yo

Average Age

The tenure for the VRL Logistics board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Laxminarayan Bhat (60yo)

    CTO & Whole Time Director

    • Tenure: 5.4yrs
    • Compensation: 10.20m
  • Sunil Nalavadi (42yo)

    CFO & Investor Relation Officer

  • S. Hatti (72yo)

    Vice President of Administration

    • Tenure: 5.6yrs
  • Raghavendra Malgi (49yo)

    Vice President of Accounts

    • Compensation: 1.62m
  • Anand Sankeshwar (45yo)

    MD & Whole Time Director

    • Tenure: 14.6yrs
    • Compensation: 30.00m
  • Vani Sankeshwar (40yo)

    President

    • Tenure: 9.7yrs
    • Compensation: 1.80m
  • Aniruddha Phadnavis (39yo)

    GM of Finance

  • Vijay Sankeshwar (69yo)

    Chairman & MD

    • Tenure: 12.6yrs
    • Compensation: 38.98m
  • Manesh Gopal (50yo)

    Chief Pilot

    • Tenure: 8.6yrs
  • Kalliveerappa Umesh (65yo)

    Whole Time Director

    • Compensation: 10.20m

Board Members

  • Laxminarayan Bhat (60yo)

    CTO & Whole Time Director

    • Tenure: 2.0yrs
    • Compensation: 10.20m
  • Medha Pawar (52yo)

    Independent Woman Director

    • Tenure: 4.7yrs
    • Compensation: 135.00k
  • Raghottam Akamanchi (55yo)

    Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: 70.00k
  • Ashok Shettar (61yo)

    Non-Executive Director

    • Tenure: 4.0yrs
    • Compensation: 45.00k
  • Anand Pandurangi (66yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: 85.00k
  • Shankarasa Ladwa (57yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: 165.00k
  • Anand Sankeshwar (45yo)

    MD & Whole Time Director

    • Tenure: 12.2yrs
    • Compensation: 30.00m
  • Vijay Sankeshwar (69yo)

    Chairman & MD

    • Tenure: 12.6yrs
    • Compensation: 38.98m
  • Kalliveerappa Umesh (65yo)

    Whole Time Director

    • Tenure: 2.3yrs
    • Compensation: 10.20m
  • Prabhakar Kore (72yo)

    Non-Executive Independent Director

    • Tenure: 5.3yrs
    • Compensation: 50.00k

Company Information

VRL Logistics Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VRL Logistics Limited
  • Ticker: VRLLOG
  • Exchange: NSEI
  • Founded: 1976
  • Industry: trucking
  • Sector: transportation
  • Market Cap: ₹23.602b
  • Shares outstanding: 90.34m
  • Website: Click here

Number of Employees


Location

  • VRL Logistics Limited
  • Giriraj Annexe
  • Circuit House Road
  • Hubli
  • Karnataka
  • 580029
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VRLLOGNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2015
539118BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2015

Biography

VRL Logistics Limited operates as a logistics and transport company. The company operates through four segments: Goods Transport, Bus Operations, Sale of Power, and Transport of Passengers by Air. The Good ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:47
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.