Company Overview

Aegis Logistics Limited presented its corporate strategy as India's leading integrated oil, gas, and chemical logistics platform. The company operates across two complementary segments: Liquids and Gas, with operations spanning seven decades.

Operational Capacity

Liquids Segment:

  • 2.5 million KL liquid storage capacity (includes 0.5 million KL upcoming capacity)
  • Terminals across 7 ports: Kandla, Haldia, Pipavav, JNPT, Mumbai, Mangaluru & Kochi
  • FY26 EBITDA: INR 472 crore

Gas Segment:

  • 410,800 MT gas static capacity (includes upcoming capacity of 129,000 MT for LPG and 36,000 MT for ammonia)
  • Terminals across 6 ports: Kandla, Haldia, Pipavav, JNPT, Mumbai & Mangaluru
  • FY26 EBITDA: INR 1,127 crore

Terminal Network Details

Existing Liquid Storage: ~2.0 million KL

Upcoming Liquid Storage: ~0.5 million KL

Existing Gas Storage: 245,800 MT

Upcoming Gas Storage: 165,000 MT (includes ammonia storage capacity of 36,000 MT at Pipavav)

Port-wise capacity breakdown:

  • Kandla: 952k KL liquid (existing) + 94k KL (upcoming); 48k MT gas (existing)
  • Pipavav: 117k KL liquid (existing); ~71k MT gas (existing) + 36k MT ammonia (upcoming)
  • Mumbai: 334k KL liquid (existing) + 64k KL (upcoming); 20k MT gas (existing)
  • JNPT: 102k KL liquid (existing) + 318k KL (upcoming); 129k MT gas (upcoming)
  • Mangaluru: 193k KL liquid (existing); 82k MT gas (existing)
  • Kochi: 83k KL liquid (existing) + 50k KL (upcoming)
  • Haldia: 227k KL liquid (existing); 25k MT gas (existing)

Strategic Developments

Ammonia Terminal: Commissioned on August 10, 2026, at Pipavav with 36,000 MT static capacity. ITOCHU holds 10% stake in Aegis Terminal Pipavav Ltd.

Tristar Acquisition: Aegis Logistics Limited via its step-down 100% subsidiary, Aegis Logistics International Pte Ltd, has entered into a definitive agreement to acquire approximately 89.8% of Tristar Holdings Limited for an equity consideration of US$809 million (including contingent and interest for deferred consideration). The acquisition is subject to regulatory approvals under applicable competition and anti-trust laws and customary closing conditions, expected to be completed in Q4 FY27.

Financial Performance

Q1 FY27 Consolidated Results:

  • Revenue: INR 2,357 crore vs INR 1,719 crore YoY (+37%)
  • Normalized EBITDA: INR 727 crore vs INR 256 crore YoY (+184%)
  • Profit Before Tax: INR 719 crore vs INR 228 crore YoY (+215%)
  • Profit After Tax: INR 545 crore vs INR 175 crore YoY (+211%)
  • EPS: INR 13.80 per share vs INR 3.74 per share YoY (+269%)

Full Year FY26 Consolidated Results:

  • Revenue: INR 8,333 crore
  • Normalized EBITDA: INR 1,599 crore
  • Profit Before Tax: INR 1,433 crore
  • Profit After Tax: INR 1,107 crore
  • EPS: INR 25.59 per share

Balance Sheet (FY26):

  • Total Assets: INR 14,491 crore
  • Property, Plant and Equipment: INR 6,344 crore
  • Capital Work in Progress: INR 764 crore
  • Cash and Cash Equivalents: INR 2,512 crore
  • Bank Balance (other): INR 1,683 crore
  • Total Equity: INR 8,784 crore
  • Borrowings (non-current): INR 2,729 crore
  • Borrowings (current): INR 2,070 crore

Market Context and Growth Drivers

LPG Market: Government support through Pradhan Mantri Ujjwala Yojana with ~10.6 crore connections as of June 2026. Extensive pipeline infrastructure including Kandla-Gorakhpur (2,805km, capacity 8.25 MMTPA), Jamnagar-Loni (1,427km, capacity 3.3 MMTPA), and others.

Chemicals Trade: India's bulk chemical trade expected to grow from 16.8 MMT in FY25 to 18.9 MMT in FY31P (2% CAGR). Government initiatives include INR 3,030 crore for chemical parks under BHAVYA Rasayan scheme and INR 600 crore for 3 chemical parks in Union Budget FY2026-27.

Ammonia Market: Growing imports to meet demand-supply deficit, driven by fertilizer plants (particularly DAP plants near ports), non-urea fertilizer demand growth (~4-5% CAGR FY24-FY29), and industrial/HVAC demand.

Management and Governance

Board of Directors:

  • Raj Kapurchand Chandaria (Chairman and Managing Director)
  • Amal Raj Chandaria (Non-executive Director)
  • Rahul Asthana (Non-executive Director)
  • Raj Kishore Singh (Independent Director)
  • JK Jaideep Dinesh Khimasia (Independent Director)
  • Lars Erik Mikael Johansson (Independent Director)
  • Tasneem Farah Ahmed Ali (Independent Director)

Key Contact: Mr. Murad Mohammed Husein Moledina, CFO

Dividend History

The presentation includes a dividend growth chart showing consistent dividend payments, though specific dividend per share amounts are not quantified in the disclosed text.