NSE: VRLLOG | BSE: 539118

Strong Performer, Under Radar

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260.10 -6.45 (-2.42%)

291.7K NSE+BSE Volume

NSE 23 Oct, 2026 3:31 PM (IST)

4,550.1

Market Cap

High in industry

Beta 1Year

Very Low volatility

VRL Logistics Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for VRLLOG, BSE:539118 VRL Logistics Ltd.

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VRL Logistics Ltd.

05 Aug 2026

260.10

-2.42%

Strong volume and price hikes drive earnings; outlook bright

Buy: VRL Logistics Ltd.

Target

Motilal Oswal

VRL’s 1QFY27 revenue grew 18% YoY to INR8.8b (11% above est.). EBITDA rose 23% YoY to INR1.87b (21% above est.). EBITDA margin stood at 21.2% (+80bp YoY and +40bp QoQ) vs. our est. of 19.5%.

Number of FII/FPI investors increased from 88 to 101 in Sep 2026 qtr.

VRL Logistics Ltd.

06 Feb 2026

260.10

-2.42%

Stable 3QFY26 performance; volume recovery from FY27 to drive earnings growth

Buy: VRL Logistics Ltd.

Motilal Oswal

VRL Logistics’ (VRL) revenue was flat YoY at INR8.3b (+4% QoQ), in line with our estimate. EBITDA margins stood at 20.6% (+40bp YoY and +160bp QoQ) vs our estimate of 18.9%.

Number of FII/FPI investors increased from 88 to 101 in Sep 2026 qtr.

VRL Logistics Ltd.

06 Nov 2025

260.10

-2.42%

EBITDA ahead of consensus; focus shifts to volume growth

Buy: VRL Logistics Ltd.

ICICI Securities Limited

VRL Logistics (VRL)’s Q2FY26 EBITDA was slightly ahead of Street’s estimate. Realisation/te improved 12.8% YoY to INR 7,166, while EBITDA/te has improved to INR 1,548 (INR 1,216 in Q2FY25).

Number of FII/FPI investors increased from 88 to 101 in Sep 2026 qtr.

VRL Logistics Ltd.

04 Nov 2025

260.10

-2.42%

In-line quarter with steady margins; volume recovery expected ahead

Buy: VRL Logistics Ltd.

Motilal Oswal

VRL’s revenue was flat YoY at INR8.0b (+7% QoQ) in 2QFY26, in line with our estimate. Volume dipped 11% YoY to 0.97m tons, while realization grew by 12% YoY to INR 8,079/ton, driven by a price hike.

Number of FII/FPI investors increased from 88 to 101 in Sep 2026 qtr.

VRL Logistics Ltd.

11 Sep 2025

260.10

-2.42%

Focus on profitable growth ahead; recent reduction in GST to support volumes

Buy: VRL Logistics Ltd.

Motilal Oswal

VRL Logistics’ (VRLL) management implemented a price hike of 8-10% in Jun’24, which was rolled out across customer segments.

VRL Logistics Ltd. is trading below all available SMAs

VRL Logistics Ltd.

07 Aug 2025

260.10

-2.42%

In-line quarter; near-term volumes to be hit by the restructuring of operations

Buy: VRL Logistics Ltd.

Target

Motilal Oswal

VRL Logistics (VRL)’s revenue grew 2% YoY to ~INR7.4b (-8% QoQ), in line with our estimate. Volume dipped 13% YoY to 0.93m tonnes, while realization improved 17% YoY to INR7,852/tonne, driven by price hikes.

Number of FII/FPI investors increased from 88 to 101 in Sep 2026 qtr.

VRL Logistics Ltd.

07 Feb 2025

260.10

-2.42%

Shining bright; plans to add 80-100 branches in FY26

Buy: VRL Logistics Ltd.

Target

ICICI Securities Limited

VRL Logistics’ (VRL) Q3FY25 EBITDA performance was 26%/23% ahead of our and consensus’ numbers. Realisation (up 10% YoY) led improvement in both EBITDA and EBITDA margin, volume grew 1% YoY/QoQ (9MFY25: 4% YoY).

VRL Logistics Ltd. has an average target of 345.00 from 2 brokers.

VRL Logistics Ltd.

02 Sep 2024

260.10

-2.42%

Recent price hike to support margins; branch expansion to drive volume growth

Buy: VRL Logistics Ltd.

Motilal Oswal

VRLL initiated a price hike of 10% in Jun’24 (blended hike of 6% implemented after negotiations). This would help to offset the cost increases caused by toll, labor charges, etc.

Number of FII/FPI investors increased from 88 to 101 in Sep 2026 qtr.

VRL Logistics Ltd.

07 Aug 2024

260.10

-2.42%

Price hikes to ameliorate the impact of lower volumes

Buy: VRL Logistics Ltd.

Target

ICICI Securities Limited

VRL Logistics’ (VRL) Q1FY25 EBITDA was 14.4% and 17.5% below our and consensus estimates, respectively. Shipments rose 6.8% YoY (below expected) on manpower unavailability.