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15 Jul 2025 |
VRL Logistics
|
Consensus Share Price Target
|
618.20 |
699.29 |
- |
13.12 |
buy
|
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07 Feb 2025
|
VRL Logistics
|
ICICI Securities Limited
|
618.20
|
700.00
|
528.35
(17.01%)
|
13.23 |
Buy
|
|
|
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).
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02 Sep 2024
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
660.00
|
527.85
(17.12%)
|
6.76 |
Buy
|
|
|
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.
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07 Aug 2024
|
VRL Logistics
|
ICICI Securities Limited
|
618.20
|
655.00
|
529.85
(16.67%)
|
5.95 |
Buy
|
|
|
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.
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06 Aug 2024
|
VRL Logistics
|
Emkay
|
618.20
|
725.00
|
536.10
(15.31%)
|
17.28 |
Buy
|
|
|
VRLL’s Q1FY25 results were impacted by execution challenges faced due to unfavorable externalities such as driver shortage due to general elections.
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06 Aug 2024
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
660.00
|
536.10
(15.31%)
|
6.76 |
Buy
|
|
|
VRL Logistics (VRL)’s 1QFY25 revenue grew 8% YoY (-5% QoQ) to ~INR7.3b (in line). Volumes increased 7% YoY to 1.07m tons in 1QFY25.
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05 Jul 2024
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
670.00
|
577.30
(7.08%)
|
|
Buy
|
|
|
Tonnage growth in FY24 was hit by a slowdown in agro and textile commodity volume in southern states, which contribute ~40% to tonnage. Amid general elections in 1QFY25 and a severe driver shortage, tonnage growth is expected to be subdued.
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22 May 2024
|
VRL Logistics
|
ICICI Securities Limited
|
618.20
|
770.00
|
584.40
(5.78%)
|
|
Buy
|
|
|
VRL Logistics’ (VRL) Q4FY24 EBITDA was 12.4%/7.8% ahead of our/consensus estimates. Key points: 1) Shipments grew 9.6% YoY (better than expected).
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21 May 2024
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
680.00
|
583.35
(5.97%)
|
|
Buy
|
|
|
VRL Logistics (VRL)’s 4QFY24 revenue grew 10% YoY/4% QoQ to ~INR7.7b (in line with our estimate). Volumes increased ~10% YoY to 1.13m tons in 4QFY24.
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07 Nov 2023
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
780.00
|
675.55
(-8.49%)
|
Target met |
Buy
|
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14 Sep 2023
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
825.00
|
727.00
(-14.97%)
|
|
Buy
|
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|
09 Aug 2023
|
VRL Logistics
|
ICICI Securities Limited
|
618.20
|
900.00
|
689.95
(-10.40%)
|
|
Buy
|
|
|
VRL Logistics’ (VRL) Q1FY24 performance missed our and street estimates by 3% and 8% respectively owing to lower volumes. Key takeaways: i) one-off factors impacted volumes by 4%; 2) realisation stayed flat QoQ as the company kept its pricing strategy unchanged; 3) capex in Q1FY24 was at INR 870mn, mainly due to addition of new vehicles; 4) fuel sourcing from refineries increased resulting in cost advantage.
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19 Jul 2023
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
850.00
|
736.50
(-16.06%)
|
|
Buy
|
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23 May 2023
|
VRL Logistics
|
ICICI Securities Limited
|
618.20
|
900.00
|
697.60
(-11.38%)
|
|
Buy
|
|
|
VRL Logistics’ (VRL) Q4FY23 performance was in line with our estimates. Key takeaways: i) EBITDA margin of GT segment expanded 30bps QoQ to 16%; ii) volume rose 16% YoY (2.2% QoQ) at 1,031kte; 3) added 57 new branches in Q4FY23; 4) net debt rose Rs381mn YoY owing to buyback of shares amounting to Rs613mn in Q4FY23.
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|
08 May 2023
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
770.00
|
628.50
(-1.64%)
|
Target met |
Buy
|
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|
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|
31 Jan 2023
|
VRL Logistics
|
ICICI Securities Limited
|
618.20
|
775.00
|
535.55
(15.43%)
|
Target met |
Buy
|
|
|
VRL Logistics’ (VRL) Q3FY23 performance was in line with our estimates. Key takeaways: i) volumes in goods transport (GT) segment surged to their all-time highs while decline in EBITDA/te was arrested; ii) GT business’ EBITDA margin expanded 90bps QoQ; iii) new branches added post-covid accounted for ~12% of total tonnage in Q3FY23.
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28 Dec 2022
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
730.00
|
531.50
(16.31%)
|
Target met |
Buy
|
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11 Nov 2022
|
VRL Logistics
|
ICICI Securities Limited
|
618.20
|
775.00
|
592.05
(4.42%)
|
|
Buy
|
|
|
VRL Logistics’ (VRL) Q2FY23 result has undershot street estimates. Key takeaways: i) Volumes in goods transport (GT) segment rose 14% YoY and 7% QoQ.
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15 Sep 2022
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
860.00
|
640.95
(-3.55%)
|
|
Buy
|
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11 Aug 2022
|
VRL Logistics
|
Motilal Oswal
|
618.20
|
800.00
|
621.25
(-0.49%)
|
|
Buy
|
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11 Aug 2022
|
VRL Logistics
|
ICICI Securities Limited
|
618.20
|
806.00
|
604.45
(2.27%)
|
|
Buy
|
|
|
VRL Logistics’ (VRL) overall performance in Q1FY23 was in line with our expectations.
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