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Aegis Logistics

AEGISLOG NSE
₹1,224.90 No trade today
P/E
34.36
View as Markdown
MCP
Close 4 Nov 2026 ₹1,224.90 +458.30 +59.8% 1Y
Start ₹766.60

Key Fundamentals

MidcapOil & GasEnergy

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
13.30%
Debt to Equity
0.69
EPS (TTM)
₹35.65
Book Value
₹189.67
Market Cap
—
P/E (TTM)
34.36
P/B
6.46
ROE
16.30%
Dividend Yield
0.74%
EBITDA
₹1,778 Cr
52W High
₹1,528.70
52W Low
₹576.10
Volume
0

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
71
Strong
Returns, margins, earnings quality 22% weight
Valuation
30
Poor
Cheap vs sector & own history 24% weight
Growth
79
Strong
Sales & profit trajectory 9% weight
Financial Health
38
Weak
Solvency, leverage, coverage 9% weight
Momentum
86
Strong
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 31.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 38.8%
  • Debtor days have improved from 28.4 to 21.1 days.

Weaknesses

2
  • Stock is trading at 7.92 times its book value
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish775
OscillatorsBearish270
Moving AveragesNeutral505

Key readings

RSI (14)
45.45
Neutral
MACD (12,26,9)
−54.64
Bearish
SMA (50)
1,321.15
Bearish
SMA (200)
987.73
Bullish

As of

Analyst Rating

Based on 6 analysts
BUY67%

4 of 6 analysts rate Buy, 1 Hold, 1 Sell.

As of

BUY
4
67%
HOLD
1
17%
SELL
1
17%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+14.18%
5Y+16.74%
3Y−1.15%
1Y+23.20%
TTM+30.36%

Net profit

Net profit growth by window
10Y+24.27%
5Y+34.77%
3Y+29.39%
1Y+40.66%
TTM+83.48%

Operating cash flow

Operating cash flow growth by window
10Y+30.83%
5Y+35.62%
3Y+78.26%
1Y+263.44%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+9.06 pp
5Y+7.32 pp
3Y+9.63 pp
1Y+1.19 pp
TTM+5.40 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3,930 Cr
Mar 2018₹4,791 Cr
Mar 2019₹5,616 Cr
Mar 2020₹7,183 Cr
Mar 2021₹3,843 Cr
Mar 2022₹4,631 Cr
Mar 2023₹8,627 Cr
Mar 2024₹7,046 Cr
Mar 2025₹6,764 Cr
Mar 2026₹8,333 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹133 Cr
Mar 2018₹214 Cr
Mar 2019₹252 Cr
Mar 2020₹134 Cr
Mar 2021₹249 Cr
Mar 2022₹385 Cr
Mar 2023₹511 Cr
Mar 2024₹672 Cr
Mar 2025₹787 Cr
Mar 2026₹1,107 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹409 Cr −23.2% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk medium

Aegis Logistics Ltd trades at ₹1,177.1 as of 2026-11-03 with a market cap of ₹38,554 Cr. The company has delivered strong profit growth of 31% CAGR over five years and TTM profit growth of 89%, though it trades at a price-to-book ratio of 6.21 and a P/E of 33.02, reflecting premium valuations. The stock has appreciated 70% over the past year, sitting well above its 52-week low of ₹576.1 but below its 52-week high of ₹1,528.7.

Bull Case 8
  • Exceptional TTM profit growth of 89% signals a significant acceleration in earnings momentum beyond the already strong 5-year profit CAGR of 31%
  • 10-year compounded profit growth of 23% demonstrates a long and consistent track record of earnings expansion in the oil and gas logistics space
  • TTM sales growth of 30% marks a sharp recovery from the 3-year compounded sales growth of -1%, suggesting renewed top-line traction
  • Consistent return on equity averaging 15-16% over 3, 5 and 10-year periods, with ROE at 12.6% as of the latest data, indicates disciplined capital allocation
  • Healthy dividend payout ratio of 38.8% with a current dividend yield of 0.79% provides a degree of income return to shareholders
  • Improvement in debtor days from 28.4 to 21.1 days reflects better working capital management and faster cash conversion
  • Debt-to-equity ratio of 0.69 is manageable for a capital-intensive logistics business, suggesting the balance sheet is not over-leveraged
  • Stock has delivered a 5-year price CAGR of 43% and a 10-year price CAGR of 24%, reflecting sustained long-term wealth creation
Bear Case 5
  • Price-to-book ratio of 6.21 (reported as high as 7.92x) is steep, implying the stock carries a significant premium to its net asset value
  • 3-year compounded sales growth of -1% contrasts sharply with profit growth, raising questions about whether earnings gains are sustainable without consistent revenue expansion
  • Potential capitalisation of interest costs could inflate reported asset values and understate true operating expenses, warranting scrutiny of accounting quality
  • ROCE of 14.33% while healthy in absolute terms is not exceptionally high relative to the premium valuation, suggesting returns may not fully justify the price multiple
  • Despite a 70% stock price gain over the past year, ROE has declined from the 16% three-year average to 12.6%, hinting at dilution of returns on incremental equity

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

10h ago

TL;DR: Aegis Logistics is delivering strong profit and margin expansion — Q2 net profit up 45% and EBITDA margin nearly doubling to 19.62% — despite a 3.5% revenue decline. The proposed $809 million Tristar acquisition signals ambitious global expansion into 30+ countries. The key risk is top-line softness, and the large acquisition introduces execution and integration risk. If Aegis can sustain margin improvement and successfully integrate Tristar, the growth trajectory looks firmly positive heading into H2.

Headwinds 1
  • Revenue declines 3.5% YoY Oct 26

    Q2 revenue fell 3.5% YoY to ₹2,213 crore from ₹2,294 crore, indicating top-line pressure despite strong profitability improvements.

Positives 4
  • Q2 profit surges 45% YoY Oct 26

    Net profit jumped 45% YoY to ₹261 crore while EBITDA rose 49.4% to ₹434 crore, with EBITDA margin expanding sharply from 12.67% to 19.62%.

  • $809M Tristar acquisition approved Oct 13

    Board approved acquiring 89.8% of Tristar Holdings for $809 million; Tristar has $1.4 billion in revenue and operations across 30+ countries, significantly expanding Aegis's global footprint.

  • 35,000 MT LPG plant commissioned Oct 15

    Commissioned a 35,000 MT per annum LPG bottling plant at JNPA on Oct 15 as part of the J2 Project under a framework agreement with Aegis Vopak Terminals Limited.

Neutral 2
  • Borrowing and fundraising limits approved Oct 21

    Shareholders approved special resolutions at EGM to raise funds via equity, bonds, and other securities, and authorized borrowing beyond statutory limits with charge creation on assets.

  • Singapore investor meet planned Oct 16

    Company officials will participate in an investor meet in Singapore on Oct 22, 2026, with confirmation that no unpublished price sensitive information will be discussed.

Quarterly Results

₹ Cr
AEGISLOG quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
2,101
1,235
1,873
1,837
1,601
1,750
1,707
1,705
1,719
2,294
1,725
2,594
2,357
2,213
Expenses
1,905
1,027
1,662
1,530
1,369
1,526
1,474
1,296
1,479
2,003
1,428
1,970
1,643
1,779
Operating Profit
196
208
212
307
232
224
233
409
240
291
297
624
714
434
OPM %
9%
17%
11%
17%
15%
13%
14%
24%
14%
13%
17%
24%
30%
20%
Other Income
37
44
45
63
44
39
60
65
63
96
81
87
106
98
Interest
30
27
30
29
31
30
51
52
33
24
26
63
48
57
Depreciation
33
34
34
33
37
37
37
41
42
52
53
53
53
55
PBT
170
192
192
307
208
196
204
381
228
310
299
596
719
420
Tax %
22%
22%
21%
23%
24%
22%
22%
17%
23%
21%
22%
24%
24%
24%
Net Profit
133
150
152
237
158
152
160
318
175
244
233
455
545
321
EPS (₹)
3.3
3.62
3.71
5.59
3.75
3.59
3.54
8.02
3.74
5.12
5.04
11.69
13.8
—

Sep 2026: from the results filed on 26 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
AEGISLOG profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,915
2,212
3,930
4,791
5,616
7,183
3,843
4,631
8,627
7,046
6,764
8,333
8,971
Expenses
3,771
2,026
3,727
4,525
5,245
6,906
3,456
4,096
7,955
6,123
5,666
6,881
7,045
Operating Profit
144
185
204
266
371
277
388
535
672
923
1,098
1,452
1,926
OPM %
3.7%
8%
5%
6%
7%
3.9%
10%
12%
8%
13%
16%
17%
21%
Other Income
42
8
6
8
8
33
37
39
187
190
208
326
370
Interest
20
18
16
15
26
33
17
22
88
116
165
146
161
Depreciation
23
23
24
34
51
69
72
79
126
135
152
199
210
PBT
142
153
169
225
302
208
336
472
645
861
989
1,433
1,925
Tax %
21%
17%
21%
5%
17%
35%
26%
18%
21%
22%
20%
23%
—
Net Profit
112
126
133
214
252
134
249
385
511
672
787
1,107
1,476
EPS (₹)
3.1
3.39
3.57
5.92
6.63
2.93
6.36
10.19
13.19
16.22
18.9
25.59
35.65
Div. Payout %
24%
27%
29%
21%
21%
58%
31%
25%
44%
40%
42%
34%
—

Balance Sheet

₹ Cr
AEGISLOG balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
33
33
33
33
33
34
35
35
35
35
35
35
Reserves
394
471
804
1,174
1,358
1,621
1,901
2,145
3,497
3,859
4,596
6,020
Borrowings
218
188
286
304
239
253
734
835
1,924
2,665
4,606
4,150
Other Liabilities
291
206
871
703
715
982
371
946
1,613
1,369
1,843
4,064
Total Liabilities
937
899
1,994
2,214
2,345
2,890
3,042
3,961
7,069
7,929
11,080
14,269
Fixed Assets
454
472
748
1,282
1,329
1,699
1,711
2,376
3,661
4,139
5,086
6,363
CWIP
34
73
313
126
121
220
488
253
412
697
1,308
764
Investments
21
0
0
0
10
7
0
0
204
194
0
1,745
Other Assets
428
354
933
806
885
964
844
1,333
2,792
2,899
4,686
5,398
Total Assets
937
899
1,994
2,214
2,345
2,890
3,042
3,961
7,069
7,929
11,080
14,269

Cash Flow

₹ Cr
AEGISLOG cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
122
138
177
191
556
146
442
280
358
656
558
2,028
Investing
15
−64
−220
−296
−155
−151
−428
−179
−931
−712
−1,463
−2,533
Financing
−77
−83
47
184
−143
−126
61
−304
1,311
256
1,283
1,606
Net Cash Flow
61
−9
4
80
258
−131
74
−203
738
200
378
1,101
Free Cash Flow
75
47
−46
−108
402
−24
83
−113
−179
42
−386
1,212
CFO/EBITDA
93
97
101
94
167
78
127
69
113
96
69
167

Ratios

AEGISLOG financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19
16
66
26
15
23
9
58
35
27
37
21
Inventory Days
2
2
2
2
2
2
6
9
7
4
13
7
Days Payable
19
15
69
32
35
23
9
63
42
28
31
40
Cash Conversion Cycle
2
3
−2
−3
−18
3
6
3
1
3
20
−12
Working Capital Days
−5
−8
−27
−29
−30
−9
−23
−11
7
−8
−12
−113
ROCE %
21%
24%
20%
18%
20%
13%
15%
17%
16%
15%
13%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Aegis Logistics insights

70 extracted metrics across FY08–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 58.10%
  • FIIs 19.13%
  • Public 9.88%
  • Others 8.89%
  • DIIs 4.01%

No promoter shares pledged as of Sep 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Aegis Logistics

What does Aegis Logistics Ltd do?
Aegis Logistics (Formely known as Aegis Chemical Industries Ltd.), incorporated in 1956 provide logistic solutions for oil, gas, chemicals, and petrochemical industries.
Where is Aegis Logistics Ltd (AEGISLOG) listed?
Aegis Logistics Ltd trades as AEGISLOG on the NSE and under code 500003 on the BSE.
Which sector does Aegis Logistics Ltd belong to?
Aegis Logistics Ltd is classified under the Oil & Gas sector, in the Trading Gas industry.
What is the PE ratio of Aegis Logistics Ltd?
Aegis Logistics Ltd trades at a PE ratio of 34.36 as of 4 Nov 2026, on earnings per share of ₹35.65, against a book value of ₹189.67 per share.
What is the 52-week high and low of Aegis Logistics Ltd?
Over the last 52 weeks Aegis Logistics Ltd has traded between ₹576.1 and ₹1,528.7 as of 4 Nov 2026.
Does Aegis Logistics Ltd pay dividends?
Aegis Logistics Ltd has a dividend yield of 0.74%.
What is the Return on Equity (ROE) of Aegis Logistics Ltd?
Aegis Logistics Ltd reported a return on equity of 16.30%. Its debt-to-equity ratio is 0.69.

Company Information

Aegis Logistics (Formely known as Aegis Chemical Industries Ltd.), incorporated in 1956 provide logistic solutions for oil, gas, chemicals, and petrochemical industries.

Website aegisindia.com
CEO Mr. Raj Kapurchand Chandaria
Employees 1,043
Listed 3 Apr 1996
Face Value ₹1

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