VRL Logistics Buyback 2021: VRL Logistics Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/02/2021, inter alia, to consider and approve In accordance with the extant provisions of Regulation 29 of the SEBI LODR Regulations, 2015 referred to above, we hereby inform you that a meeting of the Board of Directors of the Company (04/2020-21) would be held on Saturday, February 06, 2021, to, inter alia, consider, approve and to take on record the below: a. Reviewed un-audited financial results for the quarter ended December 31, 2020. b. A proposal for Buy-back of equity shares of the Company including matters related/ incidental thereto.
VRL was founded in 1976 by DR. Vijay Sankeshwar in Gadag, a small town in North Karnataka with a single truck and a vision that was way ahead of its time. VRL gradually expanded its services to Bangalore, Hubli and Belgaum. From this humble beginning VRL has today grown into a nationally renowned logistics and transport company which is also currently the largest fleet owner of commercial vehicles in India with a fleet of 4835 Vehicles (Including 362 Passenger Transport Vehicles & 4473 Goods Transport Vehicles amongst others). VRL finds mention in the Limca Book of Record as the largest fleet owner of commercial vehicles in India in the Private Sector. Mr Vijay Sankeshwar has now been joined by his son Mr Anand Sankeshwar who brings in newer strategies to further drive the growth of the Company.
Over the years, VRL has pioneered in providing a safe and reliable delivery network in the field of parcel service. It has spread its operations to Courier Service, Priority Cargo & Transport of Passengers by Air to meet the growing demands of its burgeoning customer base.
3PL & Warehousing solutions offered by VRL are tailor-made and cater to the unique needs of its diverse customer base. With the largest goods transportation network in India, VRL parcel service is indispensable for a large number of Corporate Houses. This network spans the length and breadth of the country and is supported by strategically located transhipment hubs. We operate through a network of 929 Branch and franchisees to cater our valuable customers and we are now in the process of expanding our services to reach even the remotest locations of the Country.
VRL Logistics Buyback Offer Deal 2021
| Symbol | VRLLOG |
| Offer Amount | ₹ 60 Cr. |
| Offer Type | Open |
| Offer Price | ₹ 300 Per Equity Share |
| Date of Public Announcement | Feb 06 2021 |
| Face Value | ₹ 10 |
Profit & Loss Consolidated Figures Of VRL Logistics Buyback
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 642 | 711 | 889 | 1130 | 1326 | 1494 | 1673 | 1723 | 1803 | 1922 | 2110 | 2119 | 1654 |
| Expenses + | 540 | 572 | 721 | 938 | 1130 | 1286 | 1397 | 1451 | 1584 | 1688 | 1865 | 1815 | 1465 |
| Operating Profit | 102 | 139 | 167 | 192 | 196 | 208 | 276 | 272 | 220 | 235 | 245 | 303 | 189 |
| OPM % | 16.00% | 20.00% | 19.00% | 17.00% | 15.00% | 14.00% | 16.00% | 16.00% | 12.00% | 12.00% | 12.00% | 14.00% | 11.00% |
| Other Income | 7 | 2 | 3 | 5 | 10 | 17 | 10 | 8 | 9 | 14 | 8 | 6 | 10 |
| Interest | 59 | 51 | 48 | 65 | 59 | 61 | 60 | 32 | 25 | 12 | 11 | 37 | 38 |
| Depreciation | 46 | 46 | 51 | 70 | 82 | 87 | 88 | 90 | 98 | 98 | 101 | 168 | 167 |
| Profit before tax | 4 | 44 | 71 | 62 | 64 | 77 | 138 | 158 | 105 | 139 | 140 | 104 | -6 |
| Tax % | 66.00% | 34.00% | 27.00% | -24.00% | 28.00% | 26.00% | 34.00% | 34.00% | 33.00% | 34.00% | 35.00% | 14.00% | |
| Net Profit | 1 | 29 | 52 | 77 | 46 | 57 | 91 | 104 | 70 | 93 | 92 | 90 | -4 |
| EPS in Rs | 0.18 | 4.07 | 7.31 | 10.85 | 6.46 | 6.67 | 10.66 | 11.42 | 7.72 | 10.25 | 10.17 | 9.97 | -0.42 |
| Dividend Payout % | 0.00% | 76.00% | 41.00% | 25.00% | 99.00% | 60.00% | 38.00% | 44.00% | 52.00% | 0.00% | 54.00% | 70.00% |
Profit from the buyback on the bases of acceptance Ratio:
NA as it is open market buyback.
How to Participate in buyback?
In this method of share Buyback, the company will be purchasing stocks from existing shareholders of the company directly from the market.
Example: “VRL Logistics Buyback 2021” announces the buyback plan of its shares up to the price of Rs 300, it means that the company will be purchasing shares of “VRL Logistics” from the open market at a price not exceeding Rs.300 per share.
Scenario 1- If the share price is below Rs.300 in that case, the company will put buy orders at the current market price and purchase shares.
Scenario 2- If the share price is above Rs. 300, in that case, the company will put buy order at Rs. 300 only and if someone is ready to sell at Rs.300 then the only company will get back shares.
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