VRL Logistics Ltd
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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
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 79 | 56 | 44 | 37 | 37 | 11 | 12 | 25 | 32 | 60 | 61 | 59 | 65 | 48 | 51 | 59 |
| Cash & Bank Balance (INR Cr) | 19 | 75 | 14 | 19 | 13 | 13 | 19 | 12 | 20 | 17 | 15 | 15 | 14 | 15 | 17 | 24 |
| Total Debt (INR Cr) | 1036 | 720 | 537 | 422 | 454 | 141 | 81 | 185 | 262 | 443 | 505 | 501 | 603 | 443 | 378 | 421 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.10 | 0.74 | 0.82 | 0.71 | 0.74 | 0.22 | 0.14 | 0.34 | 0.51 | 1.24 | 1.65 | 2.80 | 3.22 | 3.31 | 3.55 | 4.05 |
| 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% |