Buy VRL Logistics, target price Rs 597: Prabhudas Lilladher

Prabhudas Lilladher has buy call on VRL Logistics with a target price of Rs 597. The current market price of VRL Logistics is Rs 564.15. Prabhudas Lilladher recommended to keep stop loss at Rs 537.

VRL Logistics, incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 4978.16 Crore) operating in Logistics sector.

VRL Logistics key Products/Revenue Segments include Income From Transportation Services, Income From Travel Operations, Power, Scrap, Services (Courier), Income (Airlines), Freight, Service (Hotel) and Income From Advertisement for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-12-2022, the company has reported a Standalone Total Income of Rs 686.02 Crore, down -6.40 % from last quarter Total Income of Rs 732.95 Crore and up .40 % from last year same quarter Total Income of Rs 683.30 Crore. Company has reported net profit after tax of Rs 49.21 Crore in latest quarter.

The company’s top management includes Dr.Vijay Sankeshwar, Mrs.Smriti Bellad, Mr.Shankarasa Ladwa, Dr.Anand Pandurangi, Mrs.Medha Pawar, Dr.Prabhakar Kore, Mr.Raghottam Akamanchi, Dr.Ashok Shettar, Mr.L R Bhat, Mr.K N Umesh, Mr.Anand Sankeshwar, Mr.Gurudas Narekuli. Company has Walker, Chandiok & Co.LLP as its auditors. As on 31-12-2022, the company has a total of 9 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 64.17 per cent stake in the company as of 31-Dec-2022, while FIIs owned 4.15 per cent, DIIs 20.77 per cent.