Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 16 Oct - NSE Sustainability Ratings assigned Aegis Logistics an ESG score of 69.
Source: Bse
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.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result06 Aug, 05:56 pm IST
Score20 Oct, 05:15 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Energy P/E 11.4 (n=18)
Technical timing lens
Trend score and candlestick chart
49NeutralSMA20 +6.0% / mo · MACD − · sector -3.5pp vs Nifty 500 (3M)
Stock trend: 61
Sector RS: 31
Sector 3M: -9.1% vs Nifty 500 -5.6%
Energy FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
AEGISLOGD candles · FIT view+86.4%Latest close ₹1331.80 on 2026-10-19
Bar
-2.1%
RSI
46
MACD hist
-7.07
52W pos
79%
2026-10-19O ₹1360.00H ₹1370.00L ₹1312.00C ₹1331.80Vol 5.5L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
AEGISLOGNifty EnergyNifty 500
- AEGISLOG
- -3.8%
- Nifty 500
- -5.6%
- Nifty Energy
- -9.3%
- Vs Nifty 500
- +1.8 pp
Chart stats
19 Oct 2026- From 52W high
- -12.9%
- 52W range position
- 79%
- ATR (14)
- 5.7%
- Volume vs 20D
- 0.49x
- Avg traded value
- ₹153 Cr
- 20D price channel
- ₹1,279.8 - ₹1,528.7
₹1,528.7
₹576.1 - ₹1,528.7
₹75.9
Latest completed session
20-session average
62.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST44
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +37.1% · PAT +211.4% YoY
Technical
Neutral49
Price trend and sector-relative-strength timing.
Valuation
Legacy model-118.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence74
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +37% YoY · PAT +211% YoY · margin expansion · operating leverage
Filed 06 Aug 2026
Open results browser →| 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.
Fundamentals
Valuation
- P/E
- 37.40
- P/B
- 7.70
- EV/EBITDA
- 30.62
- Market Cap
- 46746.00Cr
Profitability
- ROE
- 16.30%
- ROCE
- 13.30%
- ROA
- 10.34%
- Dividend Y
- 0.60%
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
- 5.12
- 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
- 79%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 8,333+23.2% vs prev
Net Profit
₹ CrLatest: 1,107+40.7% vs prev
Return on Equity
%Latest: 3,163+24229.7% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 46. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~5.7% over last month) — short-term momentum positive.
- RSI(14) at 46 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 13% off 52W high · 131% 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.
Nifty 500 leadership
Relative Strength & Trend Stage
98
RS percentile
Stage 2 UptrendEstablished S2
1M return
-5.9%
3M return
-3.8%
6M return
+86.7%
1Y return
+65.9%
RS 1D
0
RS 20D
0
Sector rank
#6
Industry rank
-
Stage evidence
- Price is 26.5% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +10.3%.
50-DMA
price below
200-DMA
price above
S2 entered
18 Jun 2026
S2 age
86 trading sessions
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 183.35-1.54%
RS vs Nifty 500183
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth18/25
Quality9/20
Balance Sheet8/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
44
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
44/100 · legacy band WATCHLIST
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 -118.5%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
Sector valuation model
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.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
37.4
PB
7.7
EV/EBITDA
30.6
ROE
16.3%
ROCE
13.3%
FCF Yield
—
Debt/Equity
0.7
MoS
-118.5%
Score movement
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.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
44
Previous: 44
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-118.5%
Previous: -118.5%
Score history
12 stored score snapshots. Latest stored move: +1 points.
20 Oct 2026
v4.3-runtime-valuation
44
44
44
43
43
43
43
43
43
43
43
44
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹372.52
-257.5% MoS
Growth-justified P/E
17.1
Growth-justified Value
₹609.62
-118.5% MoS
PEG
1.33
Comparable companies
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.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SHREEJISPG
Small
Shreeji Shipping Global Limited
Logistics
match 49
46
79.5
29.9%
-213%
FAIR VALUE
GESHIP
Small
The Great Eastern Shipping Company Limited
Logistics
match 47
84
5.7
15.9%
+78%
DEEP VALUE
DELHIVERY
Small
Delhivery Limited
Logistics
match 47
28
251.0
-0.2%
-1096%
OVERVALUED
MAHESHWARI
Small
Maheshwari Logistics Limited
Logistics
match 46
44
13.6
7.5%
+59%
WATCHLIST
SNOWMAN
Small
Snowman Logistics Limited
Logistics
match 46
43
240.0
0.9%
-307%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-15T09:53:21.161Z
Management commentary snapshot
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.
Growth engines
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.
Capacity and execution
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.
Tailwinds
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
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
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.
Sector KPIs management disclosed
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.
Management forward view
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.
Thesis monitor
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.
Trust Score
74Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: 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.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
140 docs text-extracted · 32 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
75th percentile
overall median 67 · Energy: 58th pctile, median 73 · Small: 77th pctile, median 66
Evidence depth
Financial-only
140 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read 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.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
77
strong · quarterly consistency
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.
Continue researching Aegis Logistics Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Oct - Newspaper publication with regards to special window for transfer and dematerialisation of Physical securities is attached.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Sep
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 18 Sep - India Ratings affirmed Aegis Logistics’ bank loan ratings at IND AA/Positive and IND A1+.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 18 Sep - Niche99 independently assigned Aegis Logistics an ESG score of 61.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 1 Sep - CRISIL ESG Ratings assigned Aegis Logistics an independent ESG score of 58.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Jul
Source: Bse
Annual report
Business Responsibility and Sustainability Reporting (BRSR) 14 Jul - Aegis Logistics submitted its FY2025-26 Business Responsibility and Sustainability Report with the annual report.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Jul - Intimation regarding Newspaper Publication as required under Regulation 47 of SEBI(LODR) is attached.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Jun - Aegis Logistics to attend IIFL conference in London, June 23-25, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Jun
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.