VRL Logistics Limited (VRLLOG) - Net Assets
Based on the latest financial reports, VRL Logistics Limited (VRLLOG) has net assets worth Rs10.96 Billion INR (≈ $118.50 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs24.85 Billion ≈ $268.77 Million USD) and total liabilities (Rs13.90 Billion ≈ $150.27 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check VRL Logistics Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs10.96 Billion |
| % of Total Assets | 44.09% |
| Annual Growth Rate | 16.72% |
| 5-Year Change | 81.62% |
| 10-Year Change | 111.19% |
| Growth Volatility | 24.27 |
VRL Logistics Limited - Net Assets Trend (2010–2025)
This chart illustrates how VRL Logistics Limited's net assets have evolved over time, based on quarterly financial data. Also explore VRL Logistics Limited balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for VRL Logistics Limited (2010–2025)
The table below shows the annual net assets of VRL Logistics Limited from 2010 to 2025. For live valuation and market cap data, see VRL Logistics Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs10.85 Billion ≈ $117.29 Million |
+14.67% |
| 2024-03-31 | Rs9.46 Billion ≈ $102.28 Million |
-3.08% |
| 2023-03-31 | Rs9.76 Billion ≈ $105.53 Million |
+49.75% |
| 2022-03-31 | Rs6.52 Billion ≈ $70.47 Million |
+9.12% |
| 2021-03-31 | Rs5.97 Billion ≈ $64.58 Million |
-3.20% |
| 2020-03-31 | Rs6.17 Billion ≈ $66.71 Million |
-4.50% |
| 2019-03-31 | Rs6.46 Billion ≈ $69.86 Million |
+8.89% |
| 2018-03-31 | Rs5.93 Billion ≈ $64.15 Million |
+9.61% |
| 2017-03-31 | Rs5.41 Billion ≈ $58.53 Million |
+5.39% |
| 2016-03-31 | Rs5.14 Billion ≈ $55.54 Million |
+44.18% |
| 2015-03-31 | Rs3.56 Billion ≈ $38.52 Million |
+16.25% |
| 2014-03-31 | Rs3.06 Billion ≈ $33.14 Million |
+5.87% |
| 2013-03-31 | Rs2.89 Billion ≈ $31.30 Million |
+89.48% |
| 2012-03-31 | Rs1.53 Billion ≈ $16.52 Million |
+13.45% |
| 2011-03-31 | Rs1.35 Billion ≈ $14.56 Million |
+26.27% |
| 2010-03-31 | Rs1.07 Billion ≈ $11.53 Million |
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Equity Component Analysis
This analysis shows how different components contribute to VRL Logistics Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5179.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs7.85 Billion | 72.35% |
| Common Stock | Rs874.68 Million | 8.06% |
| Other Comprehensive Income | Rs1.75 Billion | 16.18% |
| Other Components | Rs369.40 Million | 3.41% |
| Total Equity | Rs10.85 Billion | 100.00% |
VRL Logistics Limited Competitors by Market Cap
The table below lists competitors of VRL Logistics Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stark Technology Inc
TW:2480
|
$479.18 Million |
|
Manitowoc Company Inc
NYSE:MTW
|
$479.21 Million |
|
KKR Credit Income Fund
AU:KKC
|
$479.25 Million |
|
S.P.I Landscape Design Co. Ltd.
SHE:300844
|
$479.30 Million |
|
TangYuan Electric
SHE:300789
|
$478.88 Million |
|
Inghams Group Ltd
AU:ING
|
$478.64 Million |
|
CANGO INC. SP.ADR/2 CL.A
F:9C0A
|
$478.62 Million |
|
Suzhou Industrial Park Heshun Electric Co Ltd
SHE:300141
|
$478.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VRL Logistics Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,457,903,000 to 10,845,556,000, a change of 1,387,653,000 (14.7%).
- Net income of 1,829,329,000 contributed positively to equity growth.
- Dividend payments of 437,263,000 reduced retained earnings.
- Other comprehensive income increased equity by 182,933,000.
- Other factors decreased equity by 187,346,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.83 Billion | +16.87% |
| Dividends Paid | Rs437.26 Million | -4.03% |
| Other Comprehensive Income | Rs182.93 Million | +1.69% |
| Other Changes | Rs-187.35 Million | -1.73% |
| Total Change | Rs- | 14.67% |
Book Value vs Market Value Analysis
This analysis compares VRL Logistics Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 20.31x to 2.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-03-31 | Rs12.46 | Rs253.17 | x |
| 2011-03-31 | Rs15.74 | Rs253.17 | x |
| 2012-03-31 | Rs17.86 | Rs253.17 | x |
| 2013-03-31 | Rs33.83 | Rs253.17 | x |
| 2014-03-31 | Rs38.63 | Rs253.17 | x |
| 2015-03-31 | Rs41.64 | Rs253.17 | x |
| 2016-03-31 | Rs56.51 | Rs253.17 | x |
| 2017-03-31 | Rs59.46 | Rs253.17 | x |
| 2018-03-31 | Rs65.17 | Rs253.17 | x |
| 2019-03-31 | Rs71.50 | Rs253.17 | x |
| 2020-03-31 | Rs68.28 | Rs253.17 | x |
| 2021-03-31 | Rs67.63 | Rs253.17 | x |
| 2022-03-31 | Rs73.76 | Rs253.17 | x |
| 2023-03-31 | Rs110.46 | Rs253.17 | x |
| 2024-03-31 | Rs108.08 | Rs253.17 | x |
| 2025-03-31 | Rs123.97 | Rs253.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VRL Logistics Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.74%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 2.38x
- Recent ROE (16.87%) is below the historical average (19.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 26.97% | 4.07% | 1.10x | 6.03x | Rs180.92 Million |
| 2011 | 37.86% | 5.78% | 1.21x | 5.42x | Rs375.14 Million |
| 2012 | 26.88% | 3.66% | 1.21x | 6.08x | Rs257.85 Million |
| 2013 | 14.11% | 3.08% | 1.37x | 3.34x | Rs118.83 Million |
| 2014 | 18.61% | 3.82% | 1.53x | 3.19x | Rs263.73 Million |
| 2015 | 25.61% | 5.46% | 1.75x | 2.68x | Rs556.05 Million |
| 2016 | 19.92% | 5.94% | 1.83x | 1.84x | Rs509.60 Million |
| 2017 | 13.02% | 3.91% | 2.01x | 1.66x | Rs163.49 Million |
| 2018 | 15.60% | 4.84% | 2.22x | 1.45x | Rs332.42 Million |
| 2019 | 14.23% | 4.38% | 2.15x | 1.51x | Rs273.22 Million |
| 2020 | 14.61% | 4.28% | 1.73x | 1.97x | Rs284.28 Million |
| 2021 | 7.55% | 2.57% | 1.46x | 2.01x | Rs-146.47 Million |
| 2022 | 24.57% | 7.45% | 1.56x | 2.12x | Rs949.50 Million |
| 2023 | 33.12% | 12.30% | 1.39x | 1.94x | Rs2.26 Billion |
| 2024 | 9.39% | 3.06% | 1.31x | 2.34x | Rs-57.28 Million |
| 2025 | 16.87% | 5.74% | 1.23x | 2.38x | Rs744.77 Million |
Industry Comparison
This section compares VRL Logistics Limited's net assets metrics with peer companies in the Trucking industry.
Industry Context
- Industry: Trucking
- Average net assets among peers: $269,297,869
- Average return on equity (ROE) among peers: 2.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VRL Logistics Limited (VRLLOG) | Rs10.96 Billion | 26.97% | 1.27x | $478.97 Million |
| North Eastern Carrying Corporation Limited (NECCLTD) | $345.82 Million | 5.56% | 0.75x | $16.83 Million |
| Orissa Bengal Carrier Limited (OBCL) | $192.77 Million | -0.85% | 1.49x | $12.54 Million |
About VRL Logistics Limited
VRL Logistics Limited operates as a logistics and transport company in India. The company offers services for the transportation of goods using a range of road transportation solutions, such as less than full truck load and full truck load; and provides courier services for the transportation of small parcels and documents through multi-model solutions. It also provides vehicles for outdoor brand… Read more