Can VRL go Viral ?
Updated
Market Cap ₹ 6,570 Cr.
Stock P/E 39
Industry PE 26
Dividend Yield 1.08 %
ROCE 18%
ROE 20%
Debt to equity 0.74
OPM 15%
EBIDT growth 3Years 10%
Promoter holding 64%
EPS 36
VRL Logistics is engaged in logistics services dealing mainly in domestic transportation of goods. Other businesses include bus operations, transport of passengers by air, sale of power and sale of certified emission reductions (CER) units generated from operation of wind mills.
India’s Vehicle Scrappage Policy
The vehicle scrappage policy is a government-initiated program to replace old vehicles on Indian roads. As per the new policy, commercial vehicles greater than 15 years and passenger vehicles greater than 20 years will have to be mandatorily scrapped if they do not pass the fitness and emission tests from April 01, 2023.
Under this policy, around 1265 vehicles from the existing fleet would be required to be scrapped, in terms of capacity these vehicles account for 18% of its fleet capacity.
Co. added 91 new branches, 241 net vehicles (post disposal of scrap vehicles) including 19 electric vehicles in FY22.
Stock P/E 39
Industry PE 26
Dividend Yield 1.08 %
ROCE 18%
ROE 20%
Debt to equity 0.74
OPM 15%
EBIDT growth 3Years 10%
Promoter holding 64%
EPS 36
VRL Logistics is engaged in logistics services dealing mainly in domestic transportation of goods. Other businesses include bus operations, transport of passengers by air, sale of power and sale of certified emission reductions (CER) units generated from operation of wind mills.
India’s Vehicle Scrappage Policy
The vehicle scrappage policy is a government-initiated program to replace old vehicles on Indian roads. As per the new policy, commercial vehicles greater than 15 years and passenger vehicles greater than 20 years will have to be mandatorily scrapped if they do not pass the fitness and emission tests from April 01, 2023.
Under this policy, around 1265 vehicles from the existing fleet would be required to be scrapped, in terms of capacity these vehicles account for 18% of its fleet capacity.
Co. added 91 new branches, 241 net vehicles (post disposal of scrap vehicles) including 19 electric vehicles in FY22.
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