We have extracted some important points from the study of VRL Logistics Annual Report 2022-23. In which it seems that the company is benefiting due to effective asset base and wide network. The company has a huge asset base of 5,671 trucks. It has successfully transformed itself into a specialized freight transportation (GT) company focusing on the high margin LTL (Less Than Truckload) segment. In 2022-23, VRLL expands its branch network by opening 184 new branches. Due to which its volume increased significantly. To tap the growth opportunities in the LTL segment, the company invested Rs. Orders were placed for 1,667 GTs at a cost of Rs 679 crore. The expansion of the company’s fleet will increase the capacity of the company to 30 thousand tonnes. At present the total load carrying capacity of the company’s trucks is 82,677 tonnes. The company’s customer base to increase from 7 lakh in March 2022 to 8 lakh in March 2023. Given the growing demand for logistics partners with a pan-India presence, VRL is well positioned to attract large clients. Also, VRL has a wide infrastructure set up. This includes things like self-owned branches, offices and transshipment hubs.
In the current financial year, the company is expected to recall 1,220 vehicles that have been in use for more than 15 years. Against this, it has ordered 1,560 trucks to Ashok Leyland and 107 trucks to Tata Motors ie a total of 1,667 trucks. Whose value is Rs. 697 crores sits. The proposed capital expenditure will help the company meet its business demands and reduce dependence on rental vehicles. The addition of new vehicles will improve the efficiency of the company. Because new vehicles are technologically more advanced and fuel efficient. This would result in a net addition of 30,092 Tk in the company’s capacity. Which is equal to 37 percent of the current capacity. The company is also expanding the branch network to increase the volumes. It opened 184 new branches in the last financial year. It intends to open more branches in the Eastern and North Eastern regions. The company will continue to focus on its non-core businesses such as buses. Moving out of high growth power and wind, focusing on freight business. VRL plans to expand its bus business in 2022-23 by Rs. It was sold for 230 crores. While wind energy business Rs. 52.8 crores were sold. The company has decided to focus only on the GT segment. VRL prefers to have its own vehicles and infrastructure for its LTL services. This includes warehouses and maintenance facilities. March 2023 sees the company’s total capacity at 82,657 tonnes, up from 71,056 tonnes in March 2022.
The transportation sector is expected to show significant growth by org.zed players in the coming years. Which will benefit a player like VRL with a nationwide presence. In 2024-25, the company is projected to average 17 per cent volume growth and 16-17 per cent EBITA margin at Rs. We have maintained Buy rating with a target of Rs 850. VRL plans to expand its bus business in 2022-23 by Rs. It was sold for 230 crores. While wind energy business Rs. 52.8 crores were sold. The company has decided to focus only on the GT segment. VRL prefers to have its own vehicles and infrastructure for its LTL services. This includes warehouses and maintenance facilities. March 2023 sees the company’s total capacity at 82,657 tonnes, up from 71,056 tonnes in March 2022. The transportation sector is expected to show significant growth by org.zed players in the coming years. Which will benefit a player like VRL with a nationwide presence. In 2024-25, the company is projected to average 17 per cent volume growth and 16-17 per cent EBITA margin at Rs. We have maintained Buy rating with a target of Rs 850. VRL plans to expand its bus business in 2022-23 by Rs. It was sold for 230 crores. While wind energy business Rs. 52.8 crores were sold. The company has decided to focus only on the GT segment. VRL prefers to have its own vehicles and infrastructure for its LTL services. This includes warehouses and maintenance facilities. March 2023 sees the company’s total capacity at 82,657 tonnes, up from 71,056 tonnes in March 2022. The transportation sector is expected to show significant growth by org.zed players in the coming years. Which will benefit a player like VRL with a nationwide presence. In 2024-25, the company is projected to average 17 per cent volume growth and 16-17 per cent EBITA margin at Rs. We have maintained Buy rating with a target of Rs 850. The company has decided to focus only on the GT segment. VRL prefers to have its own vehicles and infrastructure for its LTL services. This includes warehouses and maintenance facilities. March 2023 sees the company’s total capacity at 82,657 tonnes, up from 71,056 tonnes in March 2022.
The transportation sector is expected to show significant growth by org.zed players in the coming years. Which will benefit a player like VRL with a nationwide presence. In 2024-25, the company is projected to average 17 per cent volume growth and 16-17 per cent EBITA margin at Rs. We have maintained Buy rating with a target of Rs 850. The company has decided to focus only on the GT segment. VRL prefers to have its own vehicles and infrastructure for its LTL services. This includes warehouses and maintenance facilities. March 2023 sees the company’s total capacity at 82,657 tonnes, up from 71,056 tonnes in March 2022. The transportation sector is expected to show significant growth by org.zed players in the coming years. Which will benefit a player like VRL with a nationwide presence. In 2024-25, the company is projected to average 17 per cent volume growth and 16-17 per cent EBITA margin at Rs. We have maintained Buy rating with a target of Rs 850.
The total capacity of the company increased to 82,657 tonnes in March 2023 as against 056 tonnes. The transportation sector is expected to show significant growth by org.zed players in the coming years. Which will benefit a player like VRL with a nationwide presence. In 2024-25, the company is projected to average 17 per cent volume growth and 16-17 per cent EBITA margin at Rs. We have maintained Buy rating with a target of Rs 850. The total capacity of the company increased to 82,657 tonnes in March 2023 as against 056 tonnes. The transportation sector is expected to show significant growth by org.zed players in the coming years. Which will benefit a player like VRL with a nationwide presence. In 2024-25, the company is projected to average 17 per cent volume growth and 16-17 per cent EBITA margin at Rs. We have maintained Buy rating with a target of Rs 850.
