VRL Logistics Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 1434.20 Crore) operating in Logistics sector.
By ETMarkets.com | Updated:
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While the view on trucking is negative, VRL is relatively well-off being a large player.
Edelweiss has given a buy rating to VRL Logistics with a target price of Rs 195. The share price moved down by 1.11 per cent from its previous close of Rs 159.70. The stock’s last traded price is Rs 161.50. VRL Logistics Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 1434.20 Crore) operating in Logistics sector.
Financials For the quarter ended 30-09-2020, the company reported a Standalone sales of Rs 439.26 Crore, up 174.39 % from last quarter Sales of Rs 160.09 Crore and down -16.14 % from last year same quarter Sales of Rs 523.82 Crore Company reported net profit after tax of Rs 30.88 Crore in latest quarter.
Investment Rationale Factoring in a strong Q2FY21 and a quicker-than-expected recovery, the brokerage is raising FY21E earnings from an INR196mn loss to an INR340mn profit and FY22E EPS by 3%, which yields a revised TP of INR195 (from INR190) at FY22E PE of 14x. While the view on trucking is negative, VRL is relatively well-off being a large player.
