New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Declared Dividend • Jul 08
Final dividend increased to ₹6.70 Dividend of ₹6.70 is 12% higher than last year. Ex-date: 10th July 2026 Payment date: 4th September 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 06
Aegis Logistics Limited, Annual General Meeting, Aug 07, 2026 Aegis Logistics Limited, Annual General Meeting, Aug 07, 2026, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,254, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 9x in the Oil and Gas industry in India. Total returns to shareholders of 265% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹928, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 9x in the Oil and Gas industry in India. Total returns to shareholders of 173% over the past three years. Price Target Changed • Jun 10
Price target increased by 14% to ₹955 Up from ₹841, the current price target is an average from 6 analysts. New target price is 19% above last closing price of ₹801. Stock is down 0.2% over the past year. The company is forecast to post earnings per share of ₹30.41 for next year compared to ₹25.59 last year. Reported Earnings • May 30
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹25.59 (up from ₹18.90 in FY 2025). Revenue: ₹86.6b (up 28% from FY 2025). Net income: ₹8.98b (up 35% from FY 2025). Profit margin: 10% (in line with FY 2025). Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 29
Aegis Logistics Limited Recommends Final Dividend for the Financial Year Ended March 31, 2026 Aegis Logistics Limited announced recommendation of Final dividend @ 670% i.e. INR 6.70/- per share (face value of INR 1 each) for the financial year ended March 31, 2026, subject to approval of members at the presenting 69th Annual General Meeting. Announcement • May 22
Aegis Logistics Limited to Report Q4, 2026 Results on May 29, 2026 Aegis Logistics Limited announced that they will report Q4, 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹744, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 11x in the Oil and Gas industry in India. Total returns to shareholders of 88% over the past three years. Reported Earnings • Jan 31
Third quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2026 results: EPS: ₹5.04 (up from ₹3.54 in 3Q 2025). Revenue: ₹17.3b (up 1.1% from 3Q 2025). Net income: ₹1.77b (up 42% from 3Q 2025). Profit margin: 10% (up from 7.3% in 3Q 2025). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 26%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 08
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹5.12 (up from ₹3.59 in 2Q 2025). Revenue: ₹23.9b (up 37% from 2Q 2025). Net income: ₹1.80b (up 43% from 2Q 2025). Profit margin: 7.5% (up from 7.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹880, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 10x in the Oil and Gas industry in India. Total returns to shareholders of 226% over the past three years. Price Target Changed • Sep 16
Price target increased by 8.9% to ₹820 Up from ₹753, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₹799. Stock is up 1.6% over the past year. The company is forecast to post earnings per share of ₹20.67 for next year compared to ₹18.90 last year. Price Target Changed • Aug 09
Price target increased by 7.2% to ₹775 Up from ₹723, the current price target is an average from 3 analysts. New target price is 8.7% above last closing price of ₹713. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of ₹17.70 for next year compared to ₹18.90 last year. Reported Earnings • Jul 24
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹18.90 (up from ₹16.22 in FY 2024). Revenue: ₹67.6b (down 4.0% from FY 2024). Net income: ₹6.63b (up 17% from FY 2024). Profit margin: 9.8% (up from 8.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 14
Aegis Logistics Limited, Annual General Meeting, Aug 14, 2025 Aegis Logistics Limited, Annual General Meeting, Aug 14, 2025, at 15:00 Indian Standard Time. Declared Dividend • Jun 23
Dividend of ₹2.00 announced Shareholders will receive a dividend of ₹2.00. Ex-date: 25th June 2025 Payment date: 19th July 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 20
Aegis Logistics Limited Recommends Final Dividend for the Financial Year Ended March 31, 2025; Approves Interim Dividend During the Financial Year 2025-2026, Payable on or Before July 18, 2025 Aegis Logistics Limited in its board of directors meeting held on June 19, 2025 approved Recommendation of Final dividend @ 600% i.e. INR 6/- per share (face value of INR 1 each) for the financial year ended March 31, 2025, subject to approval of members at the ensuing 68th Annual General Meeting. Further, the details with respect to date of the 68th Annual General Meeting, record date for payment of final dividend and the date of payment of such dividend will be informed in due course. Considered and approved inter-alia Interim Dividend of 200% i.e. INR 2/- per equity share (face value of INR 1 each) during the financial year 2025-2026 and has fixed June 25, 2025 as the Record Date for the purpose of payment of Interim Dividend. The Interim Dividend shall be paid on or before July 18, 2025. Reported Earnings • Jun 20
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹18.90 (up from ₹16.22 in FY 2024). Revenue: ₹69.7b (down 1.0% from FY 2024). Net income: ₹6.63b (up 17% from FY 2024). Profit margin: 9.5% (up from 8.1% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 16
Aegis Logistics Limited to Report Q4, 2025 Results on Jun 19, 2025 Aegis Logistics Limited announced that they will report Q4, 2025 results on Jun 19, 2025 Price Target Changed • Jun 12
Price target decreased by 9.4% to ₹723 Down from ₹798, the current price target is an average from 3 analysts. New target price is 9.9% below last closing price of ₹802. Stock is down 4.5% over the past year. The company is forecast to post earnings per share of ₹15.80 for next year compared to ₹16.22 last year. Price Target Changed • Apr 09
Price target decreased by 9.3% to ₹778 Down from ₹857, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹772. Stock is up 67% over the past year. The company is forecast to post earnings per share of ₹17.45 for next year compared to ₹16.22 last year. Reported Earnings • Feb 13
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₹3.54 (down from ₹3.71 in 3Q 2024). Revenue: ₹17.7b (down 5.7% from 3Q 2024). Net income: ₹1.24b (down 4.5% from 3Q 2024). Profit margin: 7.0% (up from 6.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
Aegis Logistics Limited Announces Resignation of Kanwaljit Singh Sudarshan Nagpal as Non-Executive Non-Independent Director Aegis Logistics Limited at its Board of Directors meeting held on February 12, 2025, announced that Mr. Kanwaljit Singh Sudarshan Nagpal (DIN: 00012201) vide his resignation letter dated February 12, 2025 stepped down from the position as a Non-Executive Non-Independent Director of the Company with effect from close of business hours on February 12, 2025 due to pre-occupation. Announcement • Feb 06
Aegis Logistics Limited to Report Q3, 2025 Results on Feb 12, 2025 Aegis Logistics Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹758, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 9x in the Oil and Gas industry in India. Total returns to shareholders of 273% over the past three years. New Risk • Jan 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹970, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 10x in the Oil and Gas industry in India. Total returns to shareholders of 375% over the past three years. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Non-Executive Non-Independent Director Kanwaljit Sudarshan Nagpal was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹3.59 (down from ₹3.62 in 2Q 2024). Revenue: ₹17.5b (up 42% from 2Q 2024). Net income: ₹1.26b (flat on 2Q 2024). Profit margin: 7.2% (down from 10% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 18
Aegis Logistics Limited to Report Q2, 2025 Results on Oct 25, 2024 Aegis Logistics Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Price Target Changed • Aug 29
Price target increased by 10% to ₹778 Up from ₹704, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹750. Stock is up 103% over the past year. The company is forecast to post earnings per share of ₹18.55 for next year compared to ₹16.22 last year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹730, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 11x in the Oil and Gas industry in India. Total returns to shareholders of 183% over the past three years. Reported Earnings • Jul 31
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₹3.75 (up from ₹3.30 in 1Q 2024). Revenue: ₹16.4b (down 22% from 1Q 2024). Net income: ₹1.31b (up 14% from 1Q 2024). Profit margin: 8.0% (up from 5.5% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
Aegis Logistics Limited Approves Final Dividend Aegis Logistics Limited at the 67th Annual General Meeting (AGM) was held on July 23, 2024, approved to declare Final dividend @ 200% i.e. INR 2.00/- per equity share of the Company having face value of INR 1 each and to confirm 2 (two) Interim Dividends @ 250% of INR 2.50/-per equity share and @ 200% of INR 2/-per equity share declared and paid on the face value of INR 1 each during the financial year 2023-24. Announcement • Jul 24
Aegis Logistics Limited to Report Q1, 2025 Results on Jul 30, 2024 Aegis Logistics Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • Jun 30
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹16.22 (up from ₹13.19 in FY 2023). Revenue: ₹70.5b (down 18% from FY 2023). Net income: ₹5.69b (up 23% from FY 2023). Profit margin: 8.1% (up from 5.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 18
Aegis Logistics Limited Approves Appointment of Kanwaljit Singh Sudarshan Nagpal Aegis Logistics Limited approved Appointment of Mr. Kanwaljit Singh Sudarshan Nagpal (DIN: 00012201) as Non-Executive Non- Independent Director Of the Company, through postal ballot process. Declared Dividend • Jun 15
Fourth quarter dividend of ₹2.00 announced Shareholders will receive a dividend of ₹2.00. Ex-date: 26th June 2024 Payment date: 22nd August 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (471% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 15
Aegis Logistics Limited, Annual General Meeting, Jul 23, 2024 Aegis Logistics Limited, Annual General Meeting, Jul 23, 2024, at 17:00 Indian Standard Time. Reported Earnings • May 25
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹16.22 (up from ₹13.19 in FY 2023). Revenue: ₹72.4b (down 16% from FY 2023). Net income: ₹5.69b (up 23% from FY 2023). Profit margin: 7.9% (up from 5.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Buy Or Sell Opportunity • May 24
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 60% to ₹712. The fair value is estimated to be ₹551, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Announcement • May 19
Aegis Logistics Limited to Report Q4, 2024 Results on May 24, 2024 Aegis Logistics Limited announced that they will report Q4, 2024 results on May 24, 2024 Buy Or Sell Opportunity • Apr 29
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 88% to ₹698. The fair value is estimated to be ₹540, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹600, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 10x in the Oil and Gas industry in India. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹538 per share. New Risk • Apr 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (304% cash payout ratio). Share price has been volatile over the past 3 months (8.5% average weekly change). Upcoming Dividend • Apr 15
Upcoming dividend of ₹1.25 per share Eligible shareholders must have bought the stock before 22 April 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Within top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.8%). Announcement • Apr 12
Anilkumar M. Chandaria Resigns as Non-Executive Non-Independent Director of Aegis Logistics Limited Aegis Logistics Limited announced that Mr. AnilKumar M. Chandaria (DIN:00055797), Non-Executive Non-Independent Director of the Company has resigned from the directorship of the Company with effect from close of business hours on April 10, 2024 due to his advanced age of about 88 years. Announcement • Apr 10
Aegis Logistics Limited Approves Interim Dividend for the Year 2024-25, Payable on or Before May 09, 2024 Aegis Logistics Limited announced that at its board meeting held on April 10, 2024, have considered and approved inter-alia Interim Dividend of 125% that is INR 1.25 per equity share of face value of INR 1/- during the financial year 2024-25 and has fixed April 22, 2024 as the Record Date for the purpose of payment of Interim Dividend. The Interim Dividend shall be paid on or before May 09, 2024. Announcement • Mar 30
Aegis Logistics Limited Announces Retirement of Kanwaljit Singh Sudarshan Nagpal as an Independent Director, Effective March 31, 2024 Aegis Logistics Limited announced that Mr. Kanwaljit Singh Sudarshan Nagpal shall be completing his second and final term of 5 (five) years as an Independent Director on March 31, 2024 and consequently, he will cease to be an Independent Director of the Company with effect from the closure of business hours of March 31, 2024. Price Target Changed • Mar 20
Price target increased by 8.3% to ₹435 Up from ₹401, the current price target is an average from 6 analysts. New target price is 9.6% above last closing price of ₹397. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of ₹14.48 for next year compared to ₹13.19 last year. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹362, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 9x in the Oil and Gas industry in India. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹439, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 10x in the Oil and Gas industry in India. Total returns to shareholders of 62% over the past three years. Announcement • Feb 15
Aegis Logistics Limited Approves Second Interim Dividend for the Financial Year 2023-2024, Payable on or Before March 15, 2024 Aegis Logistics Limited announced that the Board of Directors of the Company at their meeting held on February 15, 2024, have considered and approved 2nd Interim Dividend of 200% i.e. INR 2 (Rupee Two) per equity share of face value of INR 1/- during the financial year 2023-2024 and has fixed February 23, 2024 as the Record Date for the purpose of payment of 2nd Interim Dividend. The 2nd Interim Dividend shall be paid on or before March 15, 2024. Price Target Changed • Feb 11
Price target increased by 7.6% to ₹415 Up from ₹385, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ₹374. Stock is up 5.4% over the past year. The company is forecast to post earnings per share of ₹14.40 for next year compared to ₹13.19 last year. Reported Earnings • Feb 03
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹3.71 (up from ₹3.57 in 3Q 2023). Revenue: ₹19.2b (down 8.1% from 3Q 2023). Net income: ₹1.30b (up 3.8% from 3Q 2023). Profit margin: 6.8% (up from 6.0% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Executive & Non-Independent Director Amal Chandaria was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 25
Aegis Logistics Limited to Report Q3, 2024 Results on Feb 02, 2024 Aegis Logistics Limited announced that they will report Q3, 2024 results on Feb 02, 2024 Price Target Changed • Dec 01
Price target decreased by 8.8% to ₹360 Down from ₹395, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹369. Stock is up 12% over the past year. The company is forecast to post earnings per share of ₹13.50 for next year compared to ₹13.19 last year. Reported Earnings • Nov 04
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: ₹3.62 (up from ₹2.66 in 2Q 2023). Revenue: ₹12.8b (down 41% from 2Q 2023). Net income: ₹1.27b (up 36% from 2Q 2023). Profit margin: 9.9% (up from 4.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 46%. Earnings per share (EPS) exceeded analyst estimates by 3.8%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
Aegis Logistics Limited to Report Q2, 2024 Results on Nov 03, 2023 Aegis Logistics Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Announcement • Jul 27
Aegis Logistics Limited Proposes Interim Dividend for the Financial Year 2023-24, Payable on or Before August 25, 2023 The board of directors of Aegis Logistics Limited at its meeting held on July 26, 2023, Approved Interim Dividend of 250% i.e. INR 2.50 (Rupees Two and Fifty paise Only) per equity share of face value of INR 1 during the financial year 2023-24. Fixed August 03, 2023 as the Record Date for the purpose of payment of aforesaid Interim Dividend. (The Interim Dividend shall be paid on or before August 25, 2023). Reported Earnings • Jul 08
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: ₹13.19 (up from ₹10.19 in FY 2022). Revenue: ₹86.3b (up 86% from FY 2022). Net income: ₹4.63b (up 30% from FY 2022). Profit margin: 5.4% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 28
Chief Executive Officer recently bought ₹2.8m worth of stock On the 23rd of June, Sudhir Malhotra bought around 9k shares on-market at roughly ₹312 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹3.2m. Sudhir has been a buyer over the last 12 months, purchasing a net total of ₹6.0m worth in shares. Upcoming Dividend • Jun 23
Upcoming dividend of ₹1.25 per share at 1.8% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 26 August 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.1%). Announcement • Jun 20
Aegis Logistics Limited, Annual General Meeting, Jul 28, 2023 Aegis Logistics Limited, Annual General Meeting, Jul 28, 2023, at 17:00 Indian Standard Time. Recent Insider Transactions • Jun 10
Chief Executive Officer recently bought ₹3.2m worth of stock On the 5th of June, Sudhir Malhotra bought around 10k shares on-market at roughly ₹322 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Sudhir's only on-market trade for the last 12 months. Reported Earnings • May 31
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: ₹13.19 (up from ₹10.19 in FY 2022). Revenue: ₹88.1b (up 90% from FY 2022). Net income: ₹4.63b (up 30% from FY 2022). Profit margin: 5.3% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • May 25
Aegis Logistics Limited to Report Q4, 2023 Results on May 30, 2023 Aegis Logistics Limited announced that they will report Q4, 2023 results on May 30, 2023 Recent Insider Transactions • Mar 29
Non-Executive & Independent Director recently sold ₹2.0m worth of stock On the 23rd of March, Rahul Asthana sold around 5k shares on-market at roughly ₹391 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 05
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: ₹3.57 (up from ₹2.90 in 3Q 2022). Revenue: ₹20.9b (up 72% from 3Q 2022). Net income: ₹1.25b (up 23% from 3Q 2022). Profit margin: 6.0% (down from 8.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jan 26
Aegis Logistics Limited to Report Q3, 2023 Results on Feb 02, 2023 Aegis Logistics Limited announced that they will report Q3, 2023 results at 4:00 PM, Indian Standard Time on Feb 02, 2023 Price Target Changed • Jan 17
Price target increased to ₹345 Up from ₹320, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of ₹358. Stock is up 59% over the past year. The company is forecast to post earnings per share of ₹12.13 for next year compared to ₹10.19 last year. Announcement • Nov 09
Aegis Logistics Limited Approves Dividend During the Financial Year 2022-23, Payable on or Before December 7, 2022 Aegis Logistics Limited Announces 3rd Interim Dividend of 200% i.e. INR 2.00 (Rupees Two Only) per equity share of face value of INR 1/- during the financial year 2022-23 and has fixed, November 16, 2022 as the Record Date for the purpose of payment of Interim Dividend. The 3rd Interim Dividend shall be paid on or before December 7, 2022. Reported Earnings • Nov 09
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: ₹2.66 (down from ₹2.69 in 2Q 2022). Revenue: ₹21.7b (up 241% from 2Q 2022). Net income: ₹933.9m (down 1.1% from 2Q 2022). Profit margin: 4.3% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 2.3%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Nov 02
Aegis Logistics Limited to Report Q2, 2023 Results on Nov 08, 2022 Aegis Logistics Limited announced that they will report Q2, 2023 results on Nov 08, 2022 Announcement • Sep 14
Aegis Logistics Limited Approves Second Interim Dividend, Payable on or Before October 11, 2022 The Board of Directors of Aegis Logistics Limited at their meeting held on September 13, 2022, have considered and approved 2nd Interim Dividend of 100% i.e. INR 1 (Rupee One) per equity share of face value of INR 1 during the financial year 2022-23 and has fixed September 23, 2022 as the Record Date for the purpose of payment of Interim Dividend. The Interim Dividend shall be paid on or before October 11, 2022. Further, the Company confirms that as per the Company's Code of Conduct for Prohibition of Insider Trading adopted pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the Company remains closed for the Company's Directors/designated persons associated with the Company from close of business hours on September 8, 2022 till the close of business hours on September 15, 2022. Major Estimate Revision • Aug 30
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from ₹70.9b to ₹86.0b. EPS estimate unchanged at ₹11.83. Net income forecast to grow 9.2% next year vs 0.7% growth forecast for Oil and Gas industry in India. Consensus price target up from ₹296 to ₹306. Share price rose 16% to ₹294 over the past week. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 19% share price gain to ₹295, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 8x in the Oil and Gas industry in India. Total returns to shareholders of 61% over the past three years. Announcement • Aug 19
Aegis Logistics Limited Approves Appointment of Amal R. Chandaria as A Director Aegis Logistics Limited announced that at its AGM held on 18 August 2022, the shareholders approved the appointment of Mr. Amal R. Chandaria as a director of the company. Major Estimate Revision • Aug 19
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from ₹60.0b to ₹70.9b. EPS estimate fell from ₹13.15 to ₹11.93. Net income forecast to grow 9.9% next year vs 0.5% growth forecast for Oil and Gas industry in India. Consensus price target of ₹304 unchanged from last update. Share price fell 5.3% to ₹257 over the past week. Upcoming Dividend • Aug 15
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 22 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (2.2%). Announcement • Aug 13
Aegis Logistics Limited Approves Interim Dividend, Payable on or Before September 9, 2022 Aegis Logistics Limited at its board meeting held on August 12, 2022, approved interim dividend of 150%, that is INR 1.50 per equity share of face value of INR 1 during the fiscal year 2023 and has fixed August 23, 2022 as the Record Date for the purpose of payment of Interim Dividend. The Interim Dividend shall be paid on or before September 9, 2022. Announcement • Aug 06
Aegis Logistics Limited to Report Q1, 2023 Results on Aug 12, 2022 Aegis Logistics Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jul 27
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₹10.19 (up from ₹6.49 in FY 2021). Revenue: ₹46.3b (up 21% from FY 2021). Net income: ₹3.58b (up 60% from FY 2021). Profit margin: 7.7% (up from 5.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 29%, compared to a 17% growth forecast for the oil industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 18% share price gain to ₹245, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 6x in the Oil and Gas industry in India. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹301 per share. Upcoming Dividend • Jul 12
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 19 July 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (2.4%). Announcement • Jul 08
Aegis Logistics Limited, Annual General Meeting, Aug 18, 2022 Aegis Logistics Limited, Annual General Meeting, Aug 18, 2022, at 17:00 Indian Standard Time. Buying Opportunity • Jun 20
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be ₹266, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 53% in 2 years. Earnings is forecast to grow by 56% in the next 2 years. Major Estimate Revision • Jun 03
Consensus revenue estimates increase by 14% The consensus outlook for revenues in 2023 has improved. 2023 revenue forecast increased from ₹52.6b to ₹59.9b. EPS estimate increased from ₹12.77 to ₹12.95 per share. Net income forecast to grow 25% next year vs 9.1% growth forecast for Oil and Gas industry in India. Consensus price target broadly unchanged at ₹320. Share price rose 6.0% to ₹224 over the past week. 
