Aegis Logistics Limited (AEGISLOG)
Small CapEnergy stocks · Small cap · NSE
Aegis Logistics stores and distributes bulk liquids and gases, supporting India's sustainable future. Services include Third Party Gas Logistics, Gas Distribution, Gas Sourcing, Third Party Liquid Logistics, and EPC Services, operating a network of tank terminals and distribution facilities.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +37% YoY · PAT +211% YoY · margin expansion · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,357 Cr | +37.1% | -9.1% |
| EBITDA | ₹714 Cr | +197.5% | +14.4% |
| Operating margin | 30.0% | +1600 bps | +600 bps |
| PAT | ₹545 Cr | +211.4% | +19.8% |
| PAT margin | 23.1% | +1294 bps | +558 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
FY26 Normalized EBITDA grew 36% YoY to Rs. 1,599 Cr., with PAT up 41% to Rs. 1,107 Cr. Gas Division EBITDA surged 68% YoY, driven by record logistics & distribution volumes. Liquid Division EBITDA declined 5% YoY, but Q4FY26 showed sequential revenue & EBITDA growth.
Strong FY26 performance driven by record Gas division volumes and EBITDA. Liquids division showed sequential recovery in Q4, though annual EBITDA declined. Significant capacity additions are underway, indicating future growth potential, but execution and ramp-up are key.
LPG Distribution Network Expansion
Rapidly expanding the footprint of LPG products and services across major Indian cities through cylinders, transport fuel stations, and bottling plants.
Integrated LPG Supply Chain
Integrated logistics services include sourcing, storing, moving, and distributing products, leveraging strategic port locations and diverse infrastructure.
Project GATI
Strategic framework for growth encompassing Greenfield Expansion, Brownfield Expansion, Mergers & Acquisitions, New Energy, and Big Ticket Projects.
Network of Tank Terminals
Strategy to build, own, and operate India’s leading network of tank terminals and distribution facilities with high safety and environmental standards.
Mumbai Port Liquids Capacity
Addition of 61,000 KL Liquids Capacity at Mumbai Port is under progress, with commissioning expected in H1 FY27.
JNPA Liquids Capacity
The first phase of the new liquid capacity at JNPA is expected to be commissioned in H1 FY27.
Upcoming Ammonia Terminal
Pipavav includes an upcoming Ammonia Terminal as part of the tank storage infrastructure.
India's Sustainable Future Transition
Company's vision is to support India’s transition towards a more sustainable future, aligning with national energy goals.
LPG Demand Growth
LPG Distribution volume recorded highest ever growth, indicating strong underlying demand for LPG products.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Annual (YoY) comparison is crucial for overall business trajectory and long-term growth, especially for capital-intensive infrastructure. Quarterly (QoQ) comparison is relevant for tracking sequential momentum, project execution, and utilization ramp-ups, particularly for the Liquids division which showed sequential growth in FY26.
Gas Division EBITDA
Rs. 1,131 Cr. in FY26, +68% YoY. Q4FY26 EBITDA Rs. 549 Cr., +136% YoY.
Gas Logistics Volume
5,152 '000 MT in FY26, +14% YoY. Highest ever volume.
Gas Distribution Volume
754 '000 MT in FY26, +45% YoY. Highest ever volume. Q4FY26 Distribution Volume 234 '000 MT, +71% YoY.
Liquid Division EBITDA
Rs. 472 Cr. in FY26, -5% YoY. Q4FY26 EBITDA Rs. 126 Cr., -38% YoY. Revenues & EBITDA increased sequentially every quarter in FY26.
Strategic Focus on Terminal Network
Management aims to build, own, and operate India’s leading network of tank terminals and distribution facilities, adhering to high safety and environmental standards.
Integrated Logistics Approach
The company emphasizes its integrated logistics services covering sourcing, storing, moving, and distributing products.
Project GATI for Future Growth
Project GATI outlines a multi-pronged growth strategy including greenfield, brownfield, M&A, new energy, and big ticket projects.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Liquid Division EBITDA | Rs. 472 Cr. (FY26), Rs. 126 Cr. (Q4FY26) | Sustained sequential growth in Liquids EBITDA and a return to YoY growth. |
| Gas Distribution Volume | 754 '000 MT (FY26) | Continued strong growth in Gas distribution volumes, maintaining 'highest ever' trends. |
| New Capacity Commissioning | Mumbai Port & JNPA liquid capacities in H1 FY27 | Timely commissioning and effective utilization ramp-up of new liquid capacities. |
| Liquidity Reserves Deployment | Rs. 5,939 Cr. (FY26) | Efficient deployment of strong liquidity reserves into growth-driving projects. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
52NeutralSMA20 -1.9% / mo · MACD −
Technical chart
AEGISLOGdaily · 1Y · AUTO+91.4%Daily technical trend read
NeutralTrend is undirectional — long-term uptrend intact. RSI 47.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~1.9% over last month) — short-term momentum negative.
- RSI(14) at 47 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 15% off 52W high · 120% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 38.5% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +9.7%.
- Both 3-month and 6-month returns are positive.
Valuation & score drivers
U-Score 44 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 44 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 18/25 to the score.
- Balance sheet contributes 8/15 to the score.
Main drags
- Fair-value margin of safety is negative at -82.7%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +1 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 75th percentile of the scored universe and 58th percentile within Energy. No major sub-score weakness stands out.
Healthy Trust Lite: Promoter holding is 58.1%. Key concern: OPM spread across recent quarters is 17%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Energy: 58th pctile, median 74 · Small: 77th pctile, median 66
138 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 58.1%.
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸OPM spread across recent quarters is 17%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 35.60
- P/B
- 7.34
- EV/EBITDA
- 29.32
- Market Cap
- 44584.00Cr
Profitability
- ROE
- 16.30%
- ROCE
- 13.30%
- ROA
- 10.34%
- Dividend Y
- 0.68%
Growth (CAGR)
- Revenue 5Y
- 17.00%
- EPS 5Y
- 31.00%
- Revenue 3Y
- -1.00%
- EPS 3Y
- 24.00%
Balance Sheet
- Debt/Equity
- 0.69
- Interest Coverage
- 9.02×
- Altman Z
- 4.96
- Book Value
- 173.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- 558.00 Cr
- EPS TTM
- 35.65
Shareholding
- Promoter Hold
- 58.10%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 75%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
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Peers
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Peers
Business-comparable peers in Energy — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.