The note is the current scenario (Base). Download PDF renders this page on the server, fonts and colours exact; Print uses the browser.
Model Note · AEGIS LOGISTICS LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
AEGIS LOGISTICS LIMITED Discounted cash flow · base FY26
AEGIS LOGISTICS LIMITED
Value per share, this model₹910
CMP 2026-09-10₹1,353.00
Difference(32.7)%
Growth the CMP implies33.6%/yr
This note states the assumptions and the arithmetic of one model of AEGIS LOGISTICS LIMITED, built on its filed FY26 consolidated statements. The value is the outcome of the assumptions below and nothing else; it is not a fair value, a target or a recommendation.
Assumptions
Input
This model
Filed reference
Revenue growth, 5 years
23% a year
FY26 23.2% · 5-yr CAGR 16.7%
EBITDA margin
17.4%
FY26 17.4% · 5-yr average 13.2%
Depreciation · capex, % of revenue
2.4% · 9.9%, fading to 1.2× depreciation
FY26 2.4% · 9.9%
Working capital, % of added revenue · tax
0% · 22.8%
-4 working-capital days · effective 22.8%
Discount rate
11.00%
1-yr beta 1.25
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(95) · ₹0 · ₹0 cr
FY26 net debt ₹(95) cr
Shares
35.10 crore
35.10 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY26
FY27
FY28
FY29
FY30
FY31
Revenue
8,333
10,250
12,607
15,507
19,074
23,461
growth %
23.2
23.0
23.0
23.0
23.0
23.0
EBITDA
1,452
1,783
2,194
2,698
3,319
4,082
Depreciation
(199)
(246)
(303)
(372)
(458)
(563)
NOPAT
967
1,187
1,460
1,796
2,209
2,717
less capex
(821)
(1,015)
(1,027)
(991)
(884)
(676)
less working-capital build
—
0
0
0
0
0
Free cash flow to firm
—
418
736
1,177
1,782
2,604
Present value
397
629
907
1,237
1,628
Source: the model; base year as filed.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
Model Note · AEGIS LOGISTICS LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
4,798
PV of the terminal value (85% of EV)
27,045
Enterprise value
31,843
less net debt
95
less non-controlling interest
0
add non-operating investments
0
Equity value
31,938
÷ 35.10 crore shares
₹910
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
942
1,019
1,111
1,223
1,364
10.5%
862
926
1,001
1,092
1,202
11.0%
794
847
910
984
1,073
11.5%
734
780
833
894
967
12.0%
683
722
767
819
879
Source: the model; n/a where terminal growth reaches the discount rate.
Statement
This note is the reader's own model over publicly filed information: SEBI results XBRL filed with BSE and NSE and exchange price data, assembled by MarketPing software; every assumption above is the reader's. It contains no research recommendation, no price target and no opinion by MarketPing 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). Historical per-share figures are on the current share count. Where a figure is unavailable the table shows a dash rather than an estimate. Nothing here constitutes investment advice, an offer or a solicitation.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
