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AEGISLOG - Aegis Logistics

📊 NSE: AEGISLOG 🏢 Trading 📅 Last Updated: 12/13/2025 17:56

📢 Recent Corporate Announcements

Aegis Logistics Assigned Independent ESG Score of 59 by NSE Sustainability Ratings

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 19 Feb 2026, 04:50 PM

Aegis Logistics Limited has been assigned an ESG (Environmental, Social, and Governance) score of 59 by NSE Sustainability Ratings & Analytics Limited. This rating was conducted independently by the SEBI-registered provider using data available in the public domain. The company noted that it did not formally engage the agency for this report. This disclosure aligns with the latest SEBI Master Circular requirements regarding ESG rating transparency for listed entities.

NSE Sustainability Ratings & Analytics Limited assigned an independent ESG score of 59
The rating was based on publicly available data without direct company engagement
Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
The score serves as a benchmark for the company's sustainability and governance performance

💡 Investors should monitor the company's future ESG disclosures to see if this score improves, as ESG metrics increasingly influence institutional investment decisions. No immediate portfolio changes are necessary based on this mid-range score.

Aegis Logistics to Host Analyst and Institutional Investor Meet on February 21, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Feb 2026, 01:02 PM

Aegis Logistics Limited has scheduled an interaction with analysts and institutional investors on February 21, 2026. The meeting is set to take place at the company's Mumbai Terminal, allowing for operational insights. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during these interactions. An updated investor presentation has been made available on the stock exchanges and the company's official website for public review.

Investor and analyst meeting scheduled for February 21, 2026.
The meeting will be conducted at the company's Mumbai Terminal facility.
Company confirms no unpublished price sensitive information (UPSI) will be disclosed.
Investor presentation is already accessible on BSE and NSE platforms.
Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 Investors should review the latest investor presentation on the company website to understand current growth strategies. No immediate action is required as this is a routine disclosure of an investor meeting.

Aegis Logistics Amends SHA as AVTL Acquires 75% Stake in Hindustan Aegis LPG

🟡 NEUTRAL ⭐ 7/10

M&A 📅 13 Feb 2026, 06:55 PM

Aegis Logistics has executed a Second Deed of Adherence following the transfer of a 75% stake in Hindustan Aegis LPG (HALPG) to Aegis Vopak Terminals (AVTL). AGPL, a subsidiary of Aegis, sold its 51% stake (6,21,146 shares) and Vopak sold its 24% stake (2,92,303 shares) to AVTL. As a result, Aegis Logistics and AGPL have exited the original Shareholders' Agreement, with AVTL assuming management rights including board representation. Aegis Logistics maintains an indirect interest in HALPG through its 44.71% stake in AVTL.

Transfer of 75% total shareholding in HALPG to Aegis Vopak Terminals Limited (AVTL)
AGPL and Vopak sold 6,21,146 and 2,92,303 equity shares of HALPG respectively
Aegis Logistics maintains a 44.71% stake in the acquiring entity, AVTL
AVTL granted rights to appoint a nominee director on the HALPG board
Aegis Logistics and AGPL cease to be direct parties to the HALPG Shareholders' Agreement

💡 Investors should view this as a structural consolidation of terminal assets under the Aegis-Vopak joint venture. Monitor how this streamlined ownership impacts operational synergies and future capital allocation within the AVTL platform.

Aegis Logistics Q3 PAT Surges 45% to ₹233 Cr; Sets $5 Billion Capex Roadmap by 2030

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 05 Feb 2026, 03:12 PM

Aegis Logistics reported a robust Q3 FY26 with Profit After Tax (PAT) growing 45% YoY to ₹233 crores and normalized EBITDA rising 29% to ₹326 crores. For the 9-month period, revenue reached ₹5,739 crores, up 13%, driven by record volumes in the Gas division and improved product mix in Liquids. The company has outlined an ambitious $5 billion capex plan through 2030 while maintaining a conservative debt-to-EBITDA leverage cap of 3.5x. Key operational milestones include the Kandla VLGC berth becoming functional and a new 15-year take-or-pay contract at Pipavav.

9M FY26 PAT increased 39% YoY to ₹652 crores with normalized EBITDA up 26% to ₹929 crores.
LPG logistics volumes grew 19% to 3.93 million tons, while distribution volumes surged 35% in the 9M period.
Secured a 15-year take-or-pay contract at Pipavav to handle over 0.5 million metric tons of petroleum products annually.
Kandla port officially became VLGC compliant in Dec 2025, with the Jamnagar-Loni pipeline expected to operationalize by March 2026.
Announced a massive long-term investment roadmap of $5 billion by 2030, including a ₹20,000 crore MoU for the Vadhavan port.

💡 Investors should maintain a positive outlook given the strong operating leverage and the transition of Kandla into a VLGC-compliant hub. The long-term take-or-pay contracts and massive capex pipeline provide high visibility for future earnings growth.

Aegis Logistics to Attend JM Financial India Xchange Conference in Singapore on Feb 5-6

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Jan 2026, 01:20 PM

Aegis Logistics Limited has scheduled an in-person interaction with analysts and institutional investors at the JM Financial India Xchange Conference. The event is set to take place in Singapore from February 5 to February 6, 2026. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during these interactions. This meeting is part of the company's regular investor relations outreach to engage with the global financial community.

Participation in the JM Financial India Xchange Conference in Singapore.
Interaction dates scheduled for February 5 and February 6, 2026.
Company officials to meet analysts and institutional investors in person.
Confirmation that no unpublished price sensitive information (UPSI) will be disclosed.
Investor presentation already available on the stock exchange and company website.

💡 This is a routine disclosure of investor engagement; no immediate action is required. Investors may review the existing investor presentation on the company website for current operational insights.

Aegis Logistics to Meet Investors at JM Financial Conference in Singapore (Feb 5-6)

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Jan 2026, 01:20 PM

Aegis Logistics Limited has announced its participation in the JM Financial India Xchange Conference scheduled for February 5th and 6th, 2026. The meetings will be held in person in Singapore, involving interactions with various analysts and institutional investors. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be disclosed during these sessions. This engagement is part of the company's regular investor relations activities to discuss publicly available information and business outlook.

Participation in JM Financial India Xchange Conference from February 5-6, 2026
In-person meetings scheduled with analysts and institutional investors in Singapore
Company confirms no unpublished price sensitive information (UPSI) will be discussed
Investor presentation already available on the company website and stock exchanges
Disclosure made under Regulation 30 of SEBI (LODR) Regulations 2015

💡 Investors should monitor for any research notes or updates from participating brokerages following the conference. No immediate trading action is required as this is a routine investor engagement event.

Aegis Logistics Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 30 Jan 2026, 07:44 PM

Aegis Logistics Limited has officially released the audio recording of its earnings conference call held on January 30, 2026. The call discussed the company's unaudited financial results for the third quarter and nine months ended December 31, 2025. This disclosure is a standard regulatory requirement under SEBI (LODR) Regulations, 2015, providing transparency into management's discussion on performance. Investors can access the full recording via the company's investor relations website.

Audio recording for Q3 and 9M FY26 earnings call is now available for public access
The earnings call was conducted on January 30, 2026, at 5:00 PM IST
Covers management commentary on unaudited financial results for the period ended December 31, 2025
Link provided leads to the official Aegis India investor presentations portal

💡 Investors should listen to the recording to understand management's outlook on LPG and liquid terminal volumes. It is a useful resource for qualitative details not captured in the summary financial statements.

Aegis Logistics to Conduct Non-Deal Roadshow in London from Feb 11-13, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Jan 2026, 06:13 PM

Aegis Logistics Limited has announced a three-day Non-Deal Roadshow (NDR) in London scheduled for February 11 to February 13, 2026. Company officials will meet with institutional investors and analysts in person to discuss business outlooks based on publicly available information. The company clarified that no unpublished price sensitive information (UPSI) will be shared during these interactions. Such roadshows are standard practices to enhance global investor relations and visibility.

Non-Deal Roadshow scheduled in London from February 11 to February 13, 2026
Participation involves in-person meetings between company officials and institutional investors
Investor presentation already uploaded to stock exchanges and company website
Explicit confirmation that no unpublished price sensitive information (UPSI) will be discussed
Event is subject to change based on exigencies of the company or host

💡 This is a routine investor relations event; investors should monitor for any significant changes in institutional holding patterns in the coming quarters. No immediate action is required as no new price-sensitive information will be disclosed.

Aegis Logistics Reports Strong Q3 FY26: PAT Jumps 46% YoY to ₹233 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 30 Jan 2026, 01:12 PM

Aegis Logistics delivered a robust performance in Q3 FY26, with Profit After Tax (PAT) growing 46% YoY to ₹233 crore. The company achieved its highest-ever Q3 revenues and EBITDA, driven by record logistics and distribution volumes in the Gas division and strong growth in the Liquids division. Normalized EBITDA for the quarter rose 29% to ₹326 crore, while 9-month PAT reached ₹652 crore, a 39% increase. Management highlighted significant upcoming capacity additions in Mumbai, JNPA, and a new Ammonia terminal, all scheduled for Q1 FY27.

Q3 FY26 PAT increased by 46% YoY to ₹233 crore, while 9M FY26 PAT rose 39% to ₹652 crore.
Gas Division EBITDA grew 30% YoY in Q3 to ₹202 crore, supported by record logistics volumes.
Liquid Division EBITDA saw a 31% YoY increase in Q3 to ₹124 crore.
Upcoming expansions include 61,000 KL at Mumbai and a new Ammonia terminal, both expected in Q1 FY27.
Normalized EBITDA for 9M FY26 reached ₹929 crore, representing a 26% YoY growth.

💡 Investors should view the strong volume growth and upcoming capacity expansions as positive catalysts for long-term value. The successful debt reduction via the AVTL listing and expansion into ammonia storage strengthens the company's market position.

Aegis Logistics Q3 Standalone Net Profit Surges 178% YoY to ₹183.35 Crore

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 30 Jan 2026, 12:32 PM

Aegis Logistics reported a stellar performance for the quarter ended December 31, 2025, with standalone net profit jumping 178.7% YoY to ₹183.35 crore. Revenue from operations grew by 36% YoY to ₹913.9 crore, primarily driven by a 36.8% increase in the Gas Terminal division's revenue. The company's standalone EPS for the quarter rose significantly to ₹5.22 from ₹1.87 in the previous year's corresponding quarter. For the nine-month period, standalone profit reached ₹419.24 crore, reflecting strong operational momentum.

Standalone Net Profit increased by 178.7% YoY to ₹18,335 lakh in Q3 FY26.
Revenue from operations grew 36% YoY to ₹91,390 lakh compared to ₹67,212 lakh in Q3 FY25.
Gas Terminal Division revenue rose to ₹87,036 lakh from ₹63,595 lakh in the previous year.
Standalone EPS for the quarter improved to ₹5.22 from ₹1.87 YoY.
Nine-month standalone profit stands at ₹41,924 lakh, up from ₹30,336 lakh in the prior year period.

💡 The strong growth in the core Gas Terminal business and significant profit expansion make this a positive result for shareholders. Investors should monitor the performance of the newly listed subsidiary Aegis Vopak Terminals for consolidated growth triggers.

Aegis Logistics Schedules Q3 FY26 Earnings Call for January 30, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 27 Jan 2026, 06:09 PM

Aegis Logistics Limited has announced its Q3 FY26 earnings conference call scheduled for Friday, January 30, 2026, at 5:00 PM IST. The management team, including Chairman & Managing Director Raj Chandaria and CFO Murad Moledina, will discuss the company's operational and financial performance. This call follows the disclosure requirements under SEBI (LODR) Regulations, 2015. Investors can participate via pre-registration or through the provided international and domestic access numbers.

Earnings call for Q3 FY26 scheduled for January 30, 2026, at 5:00 PM IST
Participation from top management including Chairman & MD Raj Chandaria and CFO Murad Moledina
Primary domestic access numbers provided are +91 22 6280 1550 and +91 22 7115 8378
International toll-free numbers available for USA, UK, Singapore, and Hong Kong investors

💡 Investors should attend the call to gain insights into volume growth in the gas and liquid divisions. No immediate action is required as this is a routine announcement preceding the financial results.

Aegis Logistics Submits SEBI Compliance Certificate for Quarter Ended Dec 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jan 2026, 03:05 PM

Aegis Logistics Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Pvt. Ltd., confirms that share certificates received for dematerialization during the quarter ended December 31, 2025, were processed within prescribed timelines. It further confirms that the physical certificates were mutilated, cancelled, and the name of the depositories was updated in the register of members. This is a standard procedural filing required for all listed entities in India.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued by Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited
Confirms dematerialization requests were accepted/rejected and listed on stock exchanges
Confirms physical security certificates were mutilated and cancelled after verification
Ensures adherence to SEBI (Depositories and Participants) Regulations, 2018

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's operational performance and upcoming quarterly financial results.

Aegis Logistics Receives GST Penalty Orders Totaling ₹2.88 Crores

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 05 Jan 2026, 06:53 PM

Aegis Logistics Limited has received two tax demand orders from the Gujarat State Tax authorities for FY 2018-19 and FY 2021-22. The total penalty amount imposed is approximately ₹2.88 crores, primarily due to the disallowance of Input Tax Credit (ITC). The company has clarified that these orders do not have a material impact on its operations or financial health. Aegis Logistics intends to file an appeal against these orders before the appropriate authorities.

Total penalty of ₹2,87,76,504 imposed by Gujarat State Tax authorities across two fiscal years.
Penalty for FY 2018-19 is ₹2,29,07,608 based on ITC disallowance.
Penalty for FY 2021-22 is ₹58,68,896 based on ITC disallowance.
Company states there is no material impact on financial or operational activities.
Management is taking necessary steps to appeal the orders before the appropriate authority.

💡 Investors should treat this as a routine regulatory matter as the penalty amount is not significant relative to the company's balance sheet. Monitor for any further updates on the appeal process.

Aegis Logistics Subsidiary to Sell 51% Stake in HALPG to AVTL for INR 1,031.77 Crore

🟢 POSITIVE ⭐ 8/10

M&A 📅 02 Jan 2026, 07:27 PM

Aegis Logistics' wholly-owned subsidiary, Aegis Gas (LPG) Private Limited (AGPL), has executed a Share Purchase Agreement to sell its 51% stake in Hindustan Aegis LPG Limited (HALPG) to Aegis Vopak Terminals Limited (AVTL). Concurrently, Vopak India B.V. is selling its 24% stake in HALPG to AVTL, resulting in a 75% stake transfer to the joint venture entity. The total aggregate consideration for this transaction is INR 1,031.77 Crores. This move is part of a strategic consolidation of terminal assets under the Aegis Vopak joint venture platform.

AGPL to sell 6,21,146 equity shares representing a 51% stake in HALPG to AVTL
Vopak India B.V. to sell 2,92,303 equity shares representing a 24% stake in HALPG to AVTL
Total aggregate consideration for the 75% stake transfer is INR 1,031.77 Crores
Transaction is based on an independent valuation report and conducted at arm's length
AVTL will gain the right to appoint a nominee director on the board of HALPG

💡 Investors should view this as a positive corporate restructuring that consolidates LPG terminal assets under the specialized Aegis Vopak JV. Monitor the company's future capital allocation of the proceeds received from this divestment.

Aegis Logistics Shareholders Approve Material Related Party Transactions with 99.99% Majority

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 01 Dec 2025, 05:11 PM

Aegis Logistics Limited has announced the successful passage of an ordinary resolution via postal ballot to approve material related party transactions for its wholly-owned subsidiary, Aegis Gas (LPG) Private Limited. The resolution received overwhelming support, with 99.9959% of the total 64.82 million votes cast in favor. Notably, the promoter group abstained from voting as they were interested parties, while institutional investors showed 100% support for the proposal. This approval ensures the subsidiary can proceed with its planned business arrangements within the regulatory framework.

Shareholders approved material related party transactions for wholly-owned subsidiary Aegis Gas (LPG) Private Limited.
The resolution passed with a 99.99% majority, with 64,817,611 votes in favor and only 2,646 against.
Institutional investors demonstrated 100% support, casting 64,509,016 votes in favor of the resolution.
The promoter group, holding over 203.9 million shares, abstained from voting due to being interested parties.
The voting process concluded on November 30, 2025, following a postal ballot notice issued on October 29, 2025.

💡 Investors should view the near-unanimous institutional support as a positive sign of corporate governance and strategic alignment. Monitor future disclosures for the specific financial impact of these transactions on the subsidiary's performance.

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💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue for Q2 FY26 grew 31% YoY to INR 2,294 Cr. The LPG segment saw record volume growth: Logistics volumes increased 32% to 1,407 '000 MT, Distribution volumes surged 49% to 192 '000 MT, and Sourcing volumes grew 7% to 208 '000 MT. H1 FY26 revenue stood at INR 4,013 Cr, up 20% YoY.

Geographic Revenue Split

Revenue is primarily driven by port-based operations across India, with key storage and terminal facilities located in Mumbai, Haldia, Pipavav, Kochi, Kandla, and Mangalore. Specific percentage split per region is not disclosed, but the company is expanding its 'Gateway Access to India' (Project GATI) across these key ports.

Profitability Margins

Profit After Tax (PAT) for Q2 FY26 increased 61% YoY to INR 244 Cr from INR 152 Cr, representing a net margin of 10.6%. For FY25, PAT was INR 788 Cr, up 17% YoY from INR 672 Cr. Profitability is driven by operating leverage and improved utilization across terminals.

EBITDA Margin

Normalized EBITDA for Q2 FY26 stood at INR 347 Cr, a robust increase of 46% YoY. The EBITDA margin improved to 15.1% in Q2 FY26 compared to 13.5% in Q2 FY25. Gas division profitability reached approximately INR 1,280 per tonne due to higher-margin distribution volumes.

Capital Expenditure

The company has a cumulative capex plan of INR 4,500 Cr from FY24 to FY27, with 50-55% already spent as of December 2024. An aggregate capital expenditure outlay of $1.2 billion is planned for Aegis and AVTL combined by next year, part of a long-term $5 billion plan by 2030.

Credit Rating & Borrowing

Aegis maintains a strong financial risk profile with a conservative debt gearing ratio of 0.6x, capped at 3.5x EBITDA. Consolidated debt stood at INR 2,884.42 Cr as of March 31, 2025. AVTL recently raised INR 2,800 Cr via IPO to repay bank borrowings and fund the Mangalore cryogenic terminal acquisition.

⚙️ Operational Drivers

Raw Materials

Liquified Petroleum Gas (LPG) represents the primary sourced product, accounting for the majority of the 'Cost of Sales' which was INR 1,896 Cr (82.6% of revenue) in Q2 FY26.

Import Sources

LPG is sourced through global markets to supply the Indian import and distribution network, utilizing terminals at major ports like Kandla, Pipavav, and Mangalore.

Key Suppliers

Sourcing is conducted through international gas suppliers and partners; the company maintains a strategic joint venture with Royal Vopak (Aegis Vopak Terminals Limited) for infrastructure and storage.

Capacity Expansion

Current expansion includes the acquisition of a cryogenic LPG terminal at Mangalore. Project GATI focuses on greenfield and brownfield expansions to reach a $5 billion valuation/outlay by 2030.

Raw Material Costs

Cost of sales was INR 1,896 Cr in Q2 FY26, up 31.5% YoY from INR 1,441 Cr, tracking closely with revenue growth. Procurement strategies involve arm's length infrastructure development for AVTL with 25% margins.

Manufacturing Efficiency

Efficiency is measured by terminal utilization rates; improved utilization and operating leverage were cited as primary drivers for the 46% EBITDA growth in Q2 FY26.

Logistics & Distribution

LPG Distribution volumes grew 49% YoY in Q2 FY26, reaching 192 '000 MT. This segment offers higher per-tonne profitability compared to bulk sourcing.

📈 Strategic Growth

Expected Growth Rate

20-25%

Growth Strategy

Growth will be achieved through 'Project GATI' which includes greenfield and brownfield expansions, M&A activity (like the Mangalore terminal), and entry into 'New Energy' sectors. The company aims for a $5 billion plan by 2030, supported by the AVTL joint venture and increased terminal capacity utilization.

Products & Services

Import and distribution of LPG; storage and terminalling services for LPG, Oil, Petroleum, and Chemical products; and construction of terminal facilities.

Brand Portfolio

Aegis Logistics, Aegis Vopak Terminals Limited (AVTL), Aegis Gas.

New Products/Services

Expansion into 'New Energy' projects and the acquisition of the Mangalore cryogenic LPG terminal are expected to contribute significantly to future volumes.

Market Expansion

Targeting all key Indian ports through Project GATI. The company recently listed AVTL to fund expansion and has already spent over 50% of its INR 4,500 Cr FY24-27 capex plan.

Market Share & Ranking

Aegis is a leading player in India's private LPG terminalling and storage industry, with the 'largest capex implementation in LPG' recently completed.

Strategic Alliances

Strategic partnership with Royal Vopak via Aegis Vopak Terminals Limited (AVTL), where Aegis holds a 44% stake and earns 25% margins on infrastructure development.

🌍 External Factors

Industry Trends

The industry is shifting toward cleaner fuels and increased port-led development. Aegis is positioning itself as a key infrastructure provider for India's growing energy imports, targeting a $5 billion scale by 2030.

Competitive Landscape

Faces competition from PSU oil companies and new private terminal capacities. ALL’s ability to diversify and maintain high capacity utilization is a key monitorable.

Competitive Moat

Moat is built on 'world-class infrastructure' at strategic port locations which are difficult to replicate (high entry barriers). The partnership with Royal Vopak provides a global technical edge and operational excellence.

Macro Economic Sensitivity

Highly sensitive to India's energy demand and LPG subsidy policies. GDP growth drives industrial demand for chemical and petroleum storage.

Consumer Behavior

Increasing shift toward LPG for industrial and domestic use in India supports long-term volume growth in the distribution segment.

Geopolitical Risks

Global LPG price volatility and supply disruptions from the Middle East could impact sourcing costs and volumes.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to stringent safety and environmental norms for hazardous chemical and gas storage, as well as port authority regulations.

Environmental Compliance

The company ranks 144 out of 207 in the Refiners & Pipelines industry by Morningstar Sustainalytics, indicating ongoing commitment to ESG standards.

Taxation Policy Impact

Effective tax rate for Q2 FY26 was approximately 21.3% (INR 66 Cr tax on INR 310 Cr PBT).

Legal Contingencies

The auditor's report for FY25 did not identify material misstatements, but noted that five subsidiaries with assets of INR 2,602 Cr were audited by other firms. Specific pending litigation values were not disclosed.

⚠️ Risk Analysis

Key Uncertainties

Low-margin gas sourcing business (major revenue contributor) and the threat of competition from newly added capacities are primary risks. Potential impact could be a compression of the current 15% EBITDA margin.