Operates oil, gas and chemical storage terminals in India, charging fees for storing products in tanks on behalf of third-party customers. Revenue is split between two businesses: a Gas Terminal Division that contributed 52.3% of FY26 segment revenue (Rs. 482.6 crore) and a Liquid Terminal Division that made up the remaining 47.7% (Rs. 440.5 crore), with the gas division also producing higher EBIT of Rs. 317.6 crore versus Rs. 203.1 crore from liquids. The terminal network was expanded through the acquisition of LPG terminals at New Mangalore and Pipavav, plus a 75% stake in Hindustan Aegis LPG, lifting total capacity to 225,800 MT. The business listed on NSE and BSE in June 2025 via a Rs. 2,800 crore IPO, using most of the proceeds to repay Rs. 2,016 crore of debt and cut the debt-to-equity ratio from 1.58 to 0.08. The cost structure is dominated by depreciation (22.5% of revenue) and other operating expenses (20.0%), reflecting the tank-farm infrastructure, while employee costs are a modest 5.6% of revenue. EBITDA margin stands at 78.4%, typical of a fee-based storage model. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Gas Terminal Division (52%), Liquid Terminal Division (48%). Asset-heavy, fee-based storage infrastructure business with high EBITDA margins
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 621 | 923 |
| EBITDA (ex other income) | 458 | 686 |
| margin % | 73.7 | 74.4 |
| Owners' profit | 127 | 310 |
| EPS, as reported (₹) | 1.34 | 2.85 |
| ROE % · ROCE % | 6.6 · 6.1 | 7.7 · 8.0 |
| Debt / equity (x) | 1.29 | 0.48 |
| Cash from operations | 478 | 702 |
| Capex | (128) | (700) |
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 157 | 164 | 188 | 197 | 243 | 234 |
| Profit before tax | 51 | 63 | 71 | 79 | 87 | 89 |
| Net profit | 41 | 48 | 54 | 62 | 74 | 69 |
| EPS (₹) | 0.42 | 0.46 | 0.49 | 0.56 | 0.62 | 0.60 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Liquid Terminal Division | 440 | 55.6 |
| Gas Terminal Division | 352 | 44.4 |
| Total, before eliminations | 793 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| AEGIS VOPAK TERMINALS LTD ◆ | 32,686 | 130.0 | 7.40 | 47.7 | 7.7 | 6.3 | — | 78.6 |
| GANESH BENZOPLAST LIMITED | 952 | 13.1 | 1.54 | 7.6 | 11.9 | 14.0 | 8.8 | 27.4 |
| REPONO LIMITED | 81 | 24.6 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 24 Aug 2026 · Subsidiary to acquire ammonia terminal at Pipavav for Rs 525 cr from promoter | strategic transactions | high | — | — |
| 19 Aug 2026 · Q1 FY27 earnings: revenue up 12%, EBITDA up 16%, multiple new projects announced | investor communications | medium | — | — |
| 14 Aug 2026 · Audio recording of Q1 FY27 earnings call now available on website | investor communications | low | — | — |
| 14 Aug 2026 · Audio recording of Q1 FY27 earnings call now available on website | investor communications | low | — | — |
| 10 Aug 2026 · Aegis Vopak Terminals AGM: All 6 resolutions passed, Rs 0.20/share dividend declared | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Revised Investor Presentation corrects Q1FY26 Gas Revenue figure | investor communications | low | — | — |
| 7 Aug 2026 · 13th AGM proceedings - six resolutions passed, strong FY26 results shared | board shareholder meetings | medium | — | — |
| 7 Aug 2026 · Newspaper ad of Q1 FY27 unaudited financial results published | compliance | minimal | — | — |
| 6 Aug 2026 · AVTL Q1FY27 results: Revenue up 12%, EBITDA margin at 76.75% | investor communications | medium | — | — |
| 6 Aug 2026 · Subsidiary signs Rs 37 crore storage tank construction deal | capex operations | medium | — | — |
| Where a broker report shows | This document shows | Why |
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| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 130.0 | 26.6 | 14 of 16 | 13% |
| P/B | 7.4 | 2.1 | 12 of 16 | 27% |
| ROCE | 6.3 | 6.4 | 10 of 17 | 44% |
| ROE | 7.7 | 8.5 | 9 of 16 | 47% |
| Debt / Equity | 0.5 | 0.1 | 14 of 16 | 13% |
| EBITDA margin | 78.6 | 28.0 | 1 of 15 | 100% |
| Revenue growth | 42.5 | 45.2 | 9 of 15 | 43% |
| Profit growth | 45.5 | 37.6 | 7 of 16 | 60% |
| Market cap | 32686 | 2449 | 3 of 17 | 88% |
| 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 |
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.
