VRL Logistics, a smallcap company, has fixed the record date for its interim dividend payout, and accordingly, its ex-date will be scheduled next week. VRL has zero records of bonus issues and stock splits, but the company has a strong record of delivering to its investors. The consensus recommendation of the majority of analysts is BUY on VRL Logistics.
VRL Logistics Share Price:
After market hours of November 14, VRL stock ended at Rs 515.10 apiece, down by 2.9% on BSE. The company's market cap is around Rs 4,505.50 crore. The stock's 52-week high and low are at Rs 798.40 apiece and Rs 494.50 apiece respectively.
YTD, VRL stock is down by 32.5% on BSE.
VRL Logistics Interim Dividend:
In its filing on November 14, the company announced that the Record date fixed for the purpose of interim dividend stands revised from 22nd November 2024 to 29th November 2024. The dividend payout date also stands revised as 6th December 2024.
The company has announced an interim dividend of Rs 5 per share for FY25.
Since, February 2016, the company has paid up to 10 dividends. Last year, the company paid up to Rs 5 final dividend per share, followed by an interim dividend in 2022 to the tune of Rs 8 dividend per share which was the highest by the company.
The company has paid no bonus issues and has not carried any stock splits as of now.
Should You Buy VRL Logistics Share?
As per Trendlyne data, the consensus recommendation from 8 analysts for VRL Logistics Ltd. is BUY. EPS is expected to grow by 39.9% in FY25. Some of the key fundamentals of the stocks are that the debt to Equity Ratio of 0.3 is less than 1 and healthy, which implies that its assets are financed mainly through equity. Also, Mutual Fund Holding increased by 0.07% in the last quarter to 24.34, and Promoter Pledges are zero.
However, among drawbacks, the data revealed that VRL's Price to Earning Ratio is 53.38, higher than its sector PE ratio of 29.93, and that of Return on Equity(ROE) for the last financial year was 9.39%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.
The average 1-year target price on VRL is Rs 627.63 apiece, which is currently signalling a 22% potential upside ahead.
About VRL Logistics:
Founded in 1976, VRL is a public listed company on NSE & BSE Exchange. The company has grown into a nationally renowned logistics and transport company which is also currently the largest fleet owner of commercial vehicles in India. VRL has pioneered in providing a safe and reliable logistics network in the field of parcel service, ensuring last mile delivery even in remote locations.
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