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Employees: 21,511
Size VRL Logistics (VRLLOG.NS) is an India Industrials company (Trucking) with a market value of $624M, the 765th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹339.05 on 6 Nov 2026.
Performance Over six months the shares gained 26.6%, against -9.9% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 10.9% over the last twelve months (peer median +2.6%); the operating margin is 14.1% (peer median 4.2%).
Valuation It trades at 16.1× forward earnings against a peer median of 15.5× (7th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.9 points above its cost of capital (10.0% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹35.2B | ₹32.2B | ₹31.6B | ₹28.9B | ₹26.3B |
| Revenue growth | — | +2% | +9% | +10% | — |
| Gross profit | ₹5.54B | ₹4.50B | ₹3.64B | ₹2.21B | ₹2.55B |
| EBITDA | ₹7.55B | ₹6.62B | ₹5.79B | ₹3.98B | ₹4.06B |
| Net income | ₹3.20B | ₹2.37B | ₹1.83B | ₹889M | ₹1.66B |
| Free cash flow | n/a | ₹3.25B | ₹767M | ₹1.18B | -₹1.06B |
| Capital expenditure | n/a | ₹2.99B | ₹4.49B | ₹2.85B | ₹4.12B |
| Total debt | ₹13.1B | ₹11.5B | ₹12.3B | ₹10.4B | ₹7.20B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VRLLOG.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.9% | -3.5% | 2nd highest of 21 |
| 6-month return | +26.6% | -9.9% | 5th highest of 21 |
| Distance from 52-week high | -2.6% | -31.9% | highest of 21 |
| Revenue growth (TTM) | +10.9% | +2.6% | 6th highest of 21 |
| Operating margin | 14.1% | 4.2% | 2nd highest of 21 |
| Forward P/E | 16.1× | 15.5× | 7th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 6.2% | 3.7% | 6th most demanding of 15 |
| Growth delivered (Del g) | +12.8% | +4.3% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | -6.6 pp | -1.6 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | +5.9 pp | -1.2 pp | 4th highest of 21 |
| EV / EBITDA | 9.2× | 8.9× | 6th most expensive of 14 |
| Net debt / EBITDA | 1.4× | 2.1× | 7th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| VRL Logistics VRLLOG.NS | India | $624M | +27% | +11% | 14% | 16.1× | 6.2% | +12.8% |
| Shengyuan Environmental Protection 300867.SZ | China | $638M | -24% | +3% | 28% | 11.8× | -4.1% | +8.5% |
| San Yang Ma (Chongqing) Logistics 001317.SZ | China | $606M | -11% | -51% | 4% | n/a | 35.8% | +7.1% |
| Forward Air FWRD | United States | $562M | +69% | 0% | 3% | 153.6× | 17.1% | +14.5% |
| Transport Corporation of India TCI.NS | India | $700M | -12% | +12% | 8% | 14.2× | 14.9% | +11.9% |
| Shanghai Jin Jiang Online Network Service 600650.SS | China | $705M | -14% | -19% | -2% | n/a | 5.6% | -10.8% |
| Universal Logistics ULH | United States | $715M | +108% | -7% | 4% | 13.9× | n/a | n/a |
| Shibusawa Logistics 9304.T | Japan | $723M | +48% | +2% | 5% | n/a | 16.9% | +4.1% |
| Fulongma 603686.SS | China | $743M | -37% | +6% | 6% | 27.8× | 2.4% | -2.0% |
| Heartland Express HTLD | United States | $780M | -24% | -17% | -6% | 28.2× | n/a | n/a |
| Sakai Moving Service 9039.T | Japan | $785M | +2% | +4% | 10% | 13.7× | -11.2% | +4.5% |
| Covenant Logistics CVLG | United States | $801M | -5% | +12% | 1% | 12.3× | n/a | n/a |
| Shanghai Juss Sports and Entertainment 600676.SS | China | $802M | -36% | -14% | -15% | n/a | 5.1% | -11.0% |
| Yongtaiyun Chemical Logistics 001228.SZ | China | $481M | +7% | +31% | 5% | n/a | n/a | n/a |
| K.R.S.Corporation 9369.T | Japan | $441M | -9% | +4% | 3% | 32.4× | n/a | n/a |
| Maruzen Showa Unyu 9068.T | Japan | $922M | -15% | +3% | 10% | 10.5× | -7.4% | +4.2% |
| Logwin TGHN.DE | Germany | $942M | +5% | -6% | 5% | 15.2× | -16.0% | +3.9% |
| Hangzhou Dadi Haiyang Environmental Protection 301068.SZ | China | $409M | -45% | +25% | 3% | 15.7× | 16.2% | +23.5% |
| Marten Transport MRTN | United States | $959M | -25% | -5% | 1% | 27.1× | n/a | n/a |
| Kerry TJ Logistics 2608.TW | Taiwan | $391M | -8% | -1% | 12% | n/a | -5.0% | +0.8% |
| NTG Nordic Transport Group A/S NTG.CO | Denmark | $1.09B | +71% | +16% | 5% | 20.6× | -0.4% | +16.4% |