VRL Logistics (VRLL) reported a weak topline in Q1FY21, as the lockdowns and other headwinds put pressure on both goods and bus segments. Improvement seen in July on operational front. Management highlighted the following: (1) Targets nominal profit in FY21E, PAT positive in July (2) No major capex for FY21 (3) Price hikes taken to offset volume fall. (3) Focus on client addition (4) Cost control measures taken like pay cuts (5) Improvement in availability of workers and drivers (6) Asked for rent waiver for April month (7)...

VRL Logistics Ltd. has an average target of 695.00 from 3 brokers.

VRL Logistics Ltd.

17 Aug 2020

561.80

1.11%

VRL Logistics (BUY): Insipid Q1 but steady recovery bodes well

Buy: VRL Logistics Ltd.

BOB Capital Markets Ltd.

Lockdown-induced disruptions catalysed a steep 70% YoY decline in VRL Logistics' (VRLL) Q1FY21 topline to Rs 1.6bn.

VRL Logistics Ltd. is trading above all available SMAs

VRL Logistics Ltd.

20 Jul 2020

561.80

1.11%

VRL Logistics

Buy: VRL Logistics Ltd.

Target

Dolat Capital

VRL Logistics reported the muted revenue growth for FY20 as the difficult macroeconomic conditions put pressure on both Goods Transport (~81% of revenue) and Bus Segment (~16% of revenue). Both the segments were hit badly by COVID-19. The asset ownership model operated by the company along with ~20,000 employee base and fluctuation in diesel cost attracts has affected monthly fixed costs which is expected to put huge pressure on margin and expect to incur the losses in FY21. Recovery is...

VRL Logistics Ltd. is trading above all available SMAs

VRL Logistics Ltd.

22 Jun 2020

561.80

1.11%

VRL Logistics (BUY): Insipid quarter

Buy: VRL Logistics Ltd.

Target

BOB Capital Markets Ltd.

VRL Logistics' (VRLL) Q4FY20 print was weak.

VRL Logistics Ltd. is trading above all available SMAs

VRL Logistics Ltd.

28 Nov 2019

561.80

1.11%

[INITIATION] VRL Logistics (BUY): Robust model, formidable moats initiate with BUY

Buy: VRL Logistics Ltd.

BOB Capital Markets Ltd.

We initiate coverage on VRL Logistics (VRLL) with BUY and a Mar'21 TP of Rs 330, set at 22x FY22E P/E.

VRL Logistics Ltd.'s price crossed above 30Day SMA today

VRL Logistics Ltd.

05 Nov 2018

561.80

1.11%

VRL Logistics

Buy: VRL Logistics Ltd.

Dolat Capital

Maintains 10% tonnage growth guidance for FY19 For Q2FY19, the revenue from operations grew 14.4%YoY to ` 5,169.9mn; de-grew 2.2% QoQ from ` 5,284.7mn. EBITDA declined 3%YoY to ` 541mn; declined 10.2% QoQ from ` 602mn. EBITDA Margin decreased by 188Bps YoY to 10.5%; a decrease of 94bps QoQ. Operating expenses increased 19.2% YoY to ` 3,651mn, a decrease of 2.1% QoQ. The increase in operating expenses was primarily due to increase in fuel cost with overall fuel cost to sales grew from 23% to 26% YoY and the fuel procurement cost...

VRL Logistics Ltd. is trading above all available SMAs

Is VRL Logistics Ltd. worth buying?

141 Votes:

Buy 82.98%

Sell 11.35%

Hold 5.67%

RESEARCH REPORTS

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