Buy VRL Logistics, target price Rs 266: ICICI Securities

ICICI Securities has buy call on VRL Logistics with a target price of Rs 266. The current market price of VRL Logistics Ltd. is Rs 202.8.

VRL Logistics Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 1833.97 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.


Promoter/FII Holdings
Promoters held 68.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 2.8 per cent, DIIs 20.6 per cent and public and other 8.5 per cent.