Reviews

VRL LOGISTICS LTD. 

Ticker : 539118
FV: Rs. 10
52-Week H/L: Rs. 378.90/238



We had recommended VRL Logistics in volume no. 35, issue no. 32 (dated June 03, 2019), when the scrip was trading at Rs. 292.70. VRL Logistics is engaged in providing a safe and reliable delivery network in the field of parcel service. It has spread its operations to courier service, express cargo and air chartering to meet the growing demand of the burgeoning customer base. In Q4FY19, the company posted strong performance in revenue of Rs. 512.93 crore, growth by 4.86 per cent. For the same quarter of FY19 the PBIDT grew by 35 per cent YoY to Rs. 60.01 crore from Rs. 44.40 crore. The PAT increased by around 70 per cent YoY to Rs. 20.51 crore in Q4FY19 as compared to Rs. 12.02 crore in Q4FY18.The officials of the company believe that the company has a stable and positive long-term rating outlook after ICRA recently updated the company’s long-term rating from ICRA A to ICRA A+. Considering the above strong financials, we recommend a HOLD