Aegis Logistics Doubles Investor Wealth in 1 Year
Aegis Logistics hit a fresh 52-week high of Rs 364.70 on June 1 and jumped to a record high of Rs 374.80 on June 2. The company though posted muted results for the March quarter on May 27, analysts tracking the company are upbeat. The stock has rallied about 18 percent in May, 40 percent so far in 2021, and over 100 percent since June 1, 2020.
Detailed Quotes
| Exchange & Time | Last Price | 1 Day Change (%) | Open | Prev Close | Volume | 1-Day Range |
|---|---|---|---|---|---|---|
| NSE 02-Jun-2021 14:34 | 371.70 | 4.45 | 364.00 | 355.85 | 14,78,296 | 361.00 – 374.90 |
| BSE 02-Jun-2021 14:43 | 372.05 | 4.45 | 363.00 | 356.20 | 1,15,105 | 361.50 – 374.80 |
Key Ratios and Highlights
Growth (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -34.57 | -18.56 | -46.49 | -7.08 | 11.67 |
| Operating Profit | -10.23 | 2.29 | 37.21 | 15.66 | 16.98 |
| Net Profit | -10.52 | 50.24 | 86.03 | 5.24 | 14.59 |
| EPS | -9.52 | 85.65 | 117.93 | 2.89 | 13.71 |
| Book Value | — | — | 8.01 | 21.53 | 28.59 |
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Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Year | 5-Years | TTM | Mar-20 | Mar-19 |
| Operating Margin | 5.59 | 6.17 | 11.04 | 4.31 | 6.75 |
| Net Margin | 3.60 | 3.97 | 6.42 | 1.86 | 4.48 |
| Return on Equity | 16.50 | 19.28 | 13.50 | 9.18 | 19.40 |
| Return on Capital | 17.54 | 19.70 | — | 13.50 | 20.92
|
| Debt to Equity (x) | — | — | 0.06 | 0.18 | 0.17 |
Aegis Logistics (AGIS) is a leading gas logistics player in India with two main divisions – gas and liquids. While the gas division is its main growth driver, the liquids division provides the company with steady cash flows, said experts who track the company.
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Despite muted March quarter results and the impact of lockdowns imposed by various states, Aegis continues to remain a preferred play given the increasing LPG penetration in the country.
The government’s commitment to cleaner fuels, net cash on the company’s balance sheet, strong return on equity (RoE), capacity expansion, and strategic presence at key ports are some of the factors that make the company a preferred bet.
Experts see further upside in the stock towards Rs 450-500 from the current Rs 351 – an upside of another 40 percent.
