Aegis Logistics Ltd, incorporated in the year 1956, is a Mid Cap company with a market cap of Rs 10175.49 Crore, operating in Logistics sector.
Aegis Logistics key Products/Revenue Segments include Service Revenue, Commission, Others and Lease Rentals for the year ending 31-Mar-2020.
Investment Rationale
The stock has held strong despite the recent dip in the markets owing to the following inflection points according to Motilal Oswal:
- Increased LPG throughput at Mumbai and the Pipavav terminal post the technical debottlenecking of the Uran-Chakkan pipeline and commissioning of the railway gantry (respectively).
- The likely commissioning of the Kandla LPG terminal in the current quarter, which would further boost throughput volumes for Aegis Logistics.
Financials
For the quarter ended 31-12-2020, the company has reported a Consolidated Total Income of Rs 1555.89 Crore, up 136.82 per cent from last quarter Total Income of Rs 657.00 Crore and down 28.41 per cent from last year same quarter Total Income of Rs 2173.23 Crore. Company has reported net profit after tax of Rs 78.21 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 58.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 13.7 per cent, DIIs 2.5 per cent and public and others 25.1 per cent.
