Buy VRL Logistics, target price Rs 730: Motilal Oswal Financial Services
Promoters held 69.59 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.37 per cent, DIIs 14.45 per cent.
By ETMarkets.com | Updated:
Agencies
Motilal Oswal Financial Services has buy call on VRL Logistics with a target price of Rs 730. The current market price of VRL Logistics is Rs 520.5.
VRL Logistics, incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 4608.00 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 30-09-2022, the company has reported a Standalone Total Income of Rs 732.95 Crore, up 1.79 % from last quarter Total Income of Rs 720.08 Crore and up 14.86 % from last year same quarter Total Income of Rs 638.14 Crore. Company has reported net profit after tax of Rs 31.46 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 30-09-2022, the company has a total of 9 Crore shares outstanding.
The brokerage believes the sale of the bus segment and the recent price increase in the goods segment are positive for VRL. The brokerage expects VRL to clock a 21% volume CAGR over FY22-24in the goods business, with faster branch additions in untapped regions. The brokerage expects a revenue/EBITDA/PAT CAGR of 15%/13%/20% over FY22-24.
Promoter/FII Holdings
Promoters held 69.59 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.37 per cent, DIIs 14.45 per cent.
VRL Logistics, incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 4608.00 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 30-09-2022, the company has reported a Standalone Total Income of Rs 732.95 Crore, up 1.79 % from last quarter Total Income of Rs 720.08 Crore and up 14.86 % from last year same quarter Total Income of Rs 638.14 Crore. Company has reported net profit after tax of Rs 31.46 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 30-09-2022, the company has a total of 9 Crore shares outstanding.
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Investment RationaleThe brokerage believes the sale of the bus segment and the recent price increase in the goods segment are positive for VRL. The brokerage expects VRL to clock a 21% volume CAGR over FY22-24in the goods business, with faster branch additions in untapped regions. The brokerage expects a revenue/EBITDA/PAT CAGR of 15%/13%/20% over FY22-24.
Promoter/FII Holdings
Promoters held 69.59 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.37 per cent, DIIs 14.45 per cent.
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