Shares of Aegis Logistics Ltd. jumped more than 13% on Thursday as investors focused on the company’s medium-term growth prospects despite ongoing challenges in LPG supplies.
The stock touched an intraday high of ₹908, compared with the previous close of ₹801. The company has a market capitalisation of ₹31,458 crore.
Supply outlook improves
A key area of focus remains Aegis Vopak Terminals, where LPG contributes about 52% of revenue.
The business remains exposed to disruptions in LPG imports. However, analysts expect supply conditions to improve as markets stabilise.
According to the source copy:
- LPG import markets are expected to normalise by Q2 FY27
- Geopolitical tensions are expected to ease
- Supply sources are becoming more diversified
The company has expanded sourcing beyond West Asia and now procures LPG from:
- The United States
- Canada
- Argentina
- Nigeria
Analysts expect strong earnings growth
Jefferies expects:
- EBITDA CAGR of 41% between FY26 and FY28
- LPG volume CAGR of 46%
Growth is expected to be supported by:
- Capacity additions
- The Kandla-Gorakhpur LPG pipeline
JP Morgan noted that energy shortages eased from 50% in April 2026 to 30% in May 2026, indicating improving supply conditions.
Expansion projects to support growth
Additional growth drivers include:
- Higher gas distribution volumes
- Ramp-up of facilities at Mangalore
- Expansion at Haldia
- Capacity additions at Pipavav
- Multimodal evacuation infrastructure projects
FY26 operational performance
Aegis Logistics reported:
- Logistics volume of 5,152 KMT
- Distribution volume of 754 KMT
- Sourcing volume of 607 KMT
LPG accounted for around 52% of revenue.
Financial performance
Year-on-year
For the latest quarter:
- Revenue rose to ₹2,594 crore from ₹1,705 crore
- Operating profit increased to ₹624 crore from ₹409 crore
- Net profit climbed to ₹455 crore from ₹318 crore
Quarter-on-quarter
Compared with the previous quarter:
- Revenue increased from ₹1,725 crore to ₹2,594 crore
- Operating profit rose from ₹297 crore to ₹624 crore
- Net profit grew from ₹233 crore to ₹455 crore
The stock is trading at a P/E ratio of 35.1, compared with the industry average of 31.3.
Company profile
Aegis Logistics is an integrated oil, gas and chemical logistics company.
Its operations include:
- LPG storage
- Handling
- Sourcing
- Distribution
The company is expanding its terminal network and infrastructure to cater to rising energy demand in India.
TL;DR:
Aegis Logistics gained more than 13% as investors looked past short-term LPG supply issues and focused on growth from capacity additions, diversified sourcing and improving market conditions.
AI summary:
- Aegis Logistics shares rose over 13%.
- Analysts expect LPG markets to improve by Q2 FY27.
- The company has diversified LPG sourcing beyond West Asia.
- Jefferies forecasts 41% EBITDA CAGR between FY26 and FY28.
- Q4 net profit rose to ₹455 crore.
