NSE: AEGISLOG · BSE: 500003
AEGIS LOGISTICS LIMITED
Operates a network of gas and liquid storage terminals at Indian ports, handling LPG and other petroleum products. The Gas Terminal Division accounts for 92.3% of segment revenue and covers LPG storage, handling and distribution across multiple ports. The Liquid Terminal Division accounts for the remaining 7.7% and handles non-LPG liquids, including an ammonia terminal at Pipavav anchored by Hindustan Zinc. Capital expenditure runs at 9.9% of revenue to fund port expansion, with planned projects including 64,000 KL of new liquid storage at Mumbai and a 318,100 cubic meter LPG facility at JNPT. Other operating costs are 4.4% of revenue and employee costs 1.2%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Gas Terminal Division (92%), Liquid Terminal Division (8%). Asset-heavy gas logistics and terminal infrastructure operator
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4,631 | 8,627 | 7,046 | 6,764 | 8,333 |
| EBITDA (ex other income) | 534 | 672 | 923 | 1,098 | 1,452 |
| margin % | 11.5 | 7.8 | 13.1 | 16.2 | 17.4 |
| Owners' profit | 358 | 463 | 569 | 663 | 898 |
| EPS, as reported (₹) | 10.19 | 13.19 | 16.22 | 18.90 | 25.59 |
| ROE % · ROCE % | 17.0 · 17.2 | 12.6 · 12.2 | 15.1 · 13.9 | 13.8 · 11.7 | 12.6 · 14.3 |
| Debt / equity (x) | 0.17 | 0.25 | 0.37 | 0.50 | 0.28 |
| Cash from operations | 263 | 358 | 656 | 558 | 2,028 |
| Capex | (393) | (538) | (616) | (945) | (821) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,750 | 1,707 | 1,705 | 1,719 | 2,294 | 1,725 | 2,594 | 2,357 |
| Profit before tax | 196 | 204 | 381 | 228 | 310 | 299 | 596 | 719 |
| Net profit | 152 | 160 | 318 | 175 | 244 | 233 | 455 | 545 |
| EPS (₹) | 3.59 | 3.54 | 8.02 | 3.74 | 5.12 | 5.04 | 11.69 | 13.80 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Liquid Terminal Division | 644 | 7.7 |
| Gas Terminal Division | 7,689 | 92.3 |
| Total, before eliminations | 8,333 | 100.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.9 | 14.5 | 8 of 9 | 13% |
| P/B | 4.7 | 1.6 | 8 of 9 | 13% |
| ROCE | 13.0 | 11.8 | 4 of 9 | 63% |
| ROE | 12.6 | 12.6 | 5 of 9 | 50% |
| Debt / Equity | 0.3 | 0.2 | 7 of 9 | 25% |
| EBITDA margin | 34.8 | 16.1 | 1 of 9 | 100% |
| Revenue growth | 37.1 | 24.3 | 3 of 9 | 75% |
| Profit growth | 210.7 | 96.1 | 1 of 9 | 100% |
| Market cap | 41214 | 19880 | 4 of 9 | 63% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Aegis Logistics publishes September quarter and half-year results | compliance | minimal | — | — |
| 26 Oct 2026 · Q2 net profit rises 31%; half-year profit doubles; one-off gain lifts standalone | results | high | — | — |
| 22 Oct 2026 · EGM voting results: all 3 special resolutions passed with strong majority | board shareholder meetings | medium | — | — |
| 21 Oct 2026 · CARE places long-term rating on watch with developing outlook, reaffirms short-term | credit debt | medium | — | — |
| 21 Oct 2026 · EGM held on higher borrowing, security and fundraising proposals | board shareholder meetings | low | — | — |
| 19 Oct 2026 · Aegis Logistics to meet investors in Singapore on Oct 23 | investor communications | low | — | — |
| 16 Oct 2026 · Aegis Logistics to meet investors in Singapore on 22 Oct 2026 | board shareholder meetings | low | — | — |
| 16 Oct 2026 · Aegis Logistics gets ESG score of 69 from NSE Sustainability Ratings | business updates | medium | — | — |
| 16 Oct 2026 · Q1FY27 PAT jumps 211%; announces US$809mn Tristar acquisition | investor communications | medium | — | — |
| 15 Oct 2026 · Aegis Logistics commissions 35,000 MTPA LPG bottling plant at JNPA | capex operations | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.