VRL Logistics Ltd

VRL Logistics Ltd

Next 500 2024
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OVERVIEW
FINANCIALS

About

VRL Logistics is India’s largest commercial vehicle fleet owner with 6,177 vehicles. The company was founded in 1976 by Dr. Vijay Sankeshwar in Gadag, Karnataka. Its operations are currently led by Managing Director Dr. Anand Sankeshwar. VRL is headquartered in Hubballi, Karnataka. The company provides various services including courier services, priority cargo, passenger air transport, and 3PL & warehousing solutions. VRL operates through its 1245 branches and franchises nationwide. It is currently active in 23 states and 4 union territories in India. The Limca Book of Records, states that VRL is the single largest fleet owner of commercial vehicles in the country's private sector.

Incorporation Year: 1983
Headquarters: Hubballi, Karnataka.
Top Management: founder- Dr. Vijay Sankeshwar. Managing Director Dr. Anand Sankeshwar
Industry: Logistics
Website: vrlgroup.in

Featured In Fortune India Ranking

Fortune 500 India
#474(2020)
#499(2017)
#497(2016)
#474(2020)#499(2017)#497(2016)
Ranking Trend Fortune 500 India
Next 500 India
#88(2024)#41(2023)#30(2022)#7(2020)#16(2019)#4(2016)#62(2015)
#88(2024)#41(2023)#30(2022)#7(2020)#16(2019)#4(2016)#62(2015)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
2,910
(INR Cr)
Net Operating Income
2,889
(INR Cr)
Assets
2,029
(INR Cr)
Profit
89
(INR Cr)
Net Worth
946
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
2910
3.2%
2820
29.1%
2184
23.0%
1776
-16.6%
2129
0.5%
2117
9.3%
1937
6.9%
1812
4.7%
1731
2.9%
1683
11.4%
1510
13.1%
1335
17.6%
1135
27.1%
893
25.0%
715
9.9%
651
-
Net Operating Income
(INR Cr)
2889
9.07%
2649
22.41%
2164
22.73%
1763
-16.79%
2119
0.43%
2110
9.74%
1922
6.61%
1803
4.68%
1723
2.97%
1673
11.99%
1494
12.70%
1326
17.26%
1130
27.18%
889
24.95%
711
10.80%
642
19.13%
Profit
(INR Cr)
89
-72.5%
323
101.9%
160
255.3%
45
-50.0%
90
-2.0%
92
-0.7%
93
31.4%
70
-32.4%
104
14.3%
91
60.0%
57
24.8%
46
-40.4%
77
48.5%
52
79.7%
29
2200.0%
1
-
Assets
(INR Cr)
2029
16.8%
1737
40.8%
1234
16.9%
1055
-4.7%
1106
35.4%
817
17.2%
698
-6.3%
745
-6.0%
793
-2.2%
811
-1.6%
823
2.7%
802
0.1%
801
37.1%
584
18.5%
493
-6.0%
524
-
Net Worth
(INR Cr)
946
-3.1%
976
49.8%
652
9.1%
597
-3.2%
617
-4.5%
646
8.9%
593
9.6%
541
5.3%
514
44.3%
356
16.3%
306
71.2%
179
-4.5%
187
40.3%
134
25.3%
107
2.7%
104
1.2%
Employee Cost
(INR Cr)
485
16.9%
415
19.6%
347
10.2%
315
-17.3%
381
3.8%
367
6.1%
346
30.0%
266
10.5%
241
21.7%
198
13.5%
174
17.7%
148
15.0%
129
23.4%
104
16.1%
90
2.9%
87
-
Interest Cost
(INR Cr)
79564437371112253260615965485159
Cash & Bank Balance
(INR Cr)
19751419131319122017151514151724
Total Debt
(INR Cr)
103672053742245414181185262443505501603443378421

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 3.1%11.5%7.3%2.5%4.2%4.3%4.8%3.9%6.0%5.4%3.8%3.4%6.8%5.8%4.0%0.2%
Profit As % Of Assets 4.4%18.6%13.0%4.3%8.1%11.2%13.3%9.5%13.2%11.3%6.9%5.7%9.6%8.8%5.8%0.2%
Profit As % Of Networth 9.4%33.1%24.6%7.6%14.6%14.2%15.6%13.0%20.3%25.6%18.6%25.5%41.0%38.7%27.0%1.2%
Interest Cost to EBITDA % 20.0%13.9%11.6%15.1%12.5%4.6%5.1%11.3%11.9%21.6%29.4%30.3%33.9%28.9%36.9%58.7%
Debt to Equity Ratio 1.100.740.820.710.740.220.140.340.511.241.652.803.223.313.554.05
RONW 9.3%39.7%25.6%7.4%14.3%14.8%16.3%13.4%24.0%27.5%23.5%22.7%47.4%43.0%27.3%2.2%
ROCE 10.6%17.4%22.0%9.4%14.7%20.0%21.0%16.9%23.8%24.2%17.0%15.3%18.4%22.1%18.6%12.2%