# Aegis Logistics share price today (Aegis Logistics Ltd, NSE: AEGISLOG)

> Aegis Logistics share price today: ₹1,177.10 at the NSE close on 3 November 2026, up 56.9% in a year. Aegis Logistics (NSE: AEGISLOG) is worth ₹41,305 crore, trades at a P/E of 31.0 and has closed between ₹588.00 and ₹1,417.90 over the past 52 weeks. > Aegis Logistics Ltd's multiple is near its low because earnings grew even faster than a 6× rise in the share price over five years. The multiple is low because of growth, not neglect. Results are still improving, and its P/E is higher than only 28% of its own 11-year history. AEGISLOG · Logistics · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/aegis-logistics-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹1,177.10 (+56.9% in a year)
- P/E: 31.0× (lower than 72% of the last 11 years)
- Revenue (Sep 2026): ₹2,213 Cr (−3.5% on a year ago)
- Profit (Sep 2026): ₹320 Cr (+31.1% on a year ago)
- Operating margin: 20.0% (+7.0 points on a year ago)
- ROCE: 13%, FY26
- Profit that came in as cash: 126%, last 3 years

The main question: domestic institutions moved −2.7 percentage points over 8 quarters while the business went the other way. ## What is the Aegis Logistics share price today? Aegis Logistics Ltd's share price was ₹1,177.10 at the close on 3 November 2026. It has been rising for 20 weeks. That is 8.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹588 and ₹1,418, and at that close it sat 71% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row. Over the last 11 years the share price moved +1,059% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Aegis Logistics this quarter? Two changes stood out: profit up on a year earlier for 12 quarters in a row (every quarter we can compare) and operating margin up 7 points on a year earlier. 1. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter profit was ₹320 crore, +31.1% on a year earlier. 2. Operating margin up 7 points on a year earlier 20% in the September 2026 quarter, from 13%. ## What are Aegis Logistics' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Aegis Logistics reported revenue of ₹2,213 crore, down 3.5% from ₹2,294 crore a year earlier, and a profit of ₹320 crore, up 31.1% from ₹244 crore. ### Aegis Logistics results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,213 crore | ₹2,294 crore | −3.5% |
| Profit | ₹320 crore | ₹244 crore | +31.1% |
| Earnings per share | ₹7.42 | ₹5.12 | +44.9% |
| Operating margin | 20.0% | 13.0% | +7.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 14 August 2026, about April to June 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Aegis Logistics share price history? Aegis Logistics closed at ₹1,177.10 on 3 November 2026, up 56.9% from ₹750.15 a year earlier (31 October 2025) and up 456.0% over five years. Its highest weekly close since March 2016 was ₹1,417.90 on 21 August 2026. ### Aegis Logistics share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,247.20 | −5.6% |
| 1 month ago · 1 Oct 2026 | ₹1,401.10 | −16.0% |
| 6 months ago · 30 Apr 2026 | ₹700.95 | +67.9% |
| 1 year ago · 31 Oct 2025 | ₹750.15 | +56.9% |
| 3 years ago · 3 Nov 2023 | ₹283.25 | +315.6% |
| 5 years ago · 4 Nov 2021 | ₹211.70 | +456.0% |
| 10 years ago · 4 Nov 2016 | ₹154.10 | +663.9% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹101.55 | +1,059.1% |
| Highest weekly close since March 2016, also the 52-week high · 21 Aug 2026 | ₹1,417.90 | −17.0% |
| Lowest weekly close since March 2016 · 23 Mar 2016 | ₹95.20 | +1,136.4% |
| 52-week low (weekly close) · 7 Apr 2026 | ₹588.00 | +100.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Aegis Logistics? 3 Nov 2026: Aegis Logistics closed at ₹1,177.10, down 5.6% on the week and down 16.0% on the month. Results for July to September 2026: Revenue down 3.5% and profit up 31.1% on a year earlier. ### Earlier

- 14 Aug 2026: Aegis Logistics held its results call for April to June 2026. Management guided: EPS yearly growth at or above the logistics benchmark. - 10 Jul 2026: ex-date for a dividend of ₹6.70 a share. ## What dividend does Aegis Logistics pay? Aegis Logistics paid ₹6.70 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.57% at the ₹1,177.10 close on 3 November 2026. The last was a dividend of ₹6.70 a share, ex-date 10 July 2026. ### Aegis Logistics dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 10 Jul 2026 | ₹6.70 | Dividend | same day |
| 18 Jul 2025 | ₹6 | Dividend | same day |
| 25 Jun 2025 | ₹2 | Interim | same day |
| 26 Jun 2024 | ₹2 | Dividend | same day |
| 22 Apr 2024 | ₹1.25 | Interim | same day |
| 23 Feb 2024 | ₹2 | Interim | same day |
| 3 Aug 2023 | ₹2.50 | Interim | same day |
| 30 Jun 2023 | ₹1.25 | Dividend | same day |
| 15 Nov 2022 | ₹2 | Interim | 16 Nov 2022 |
| 22 Sep 2022 | ₹1 | Interim | 23 Sep 2022 |
| 22 Aug 2022 | ₹1.50 | Interim | 23 Aug 2022 |
| 19 Jul 2022 | ₹0.50 | Dividend | 20 Jul 2022 |
| 17 Feb 2022 | ₹2 | Interim | 18 Feb 2022 |
| 16 Sep 2021 | ₹2 | Dividend | 17 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Aegis Logistics Ltd paid out 34% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Aegis Logistics management say on the latest results call? On the call for April to June 2026, held on 14 August 2026, Aegis Logistics' management guided: EPS yearly growth at or above the logistics benchmark. > “We will pursue this growth with disciplined funding through a balanced mix of equity, internal accruals, and debt, targeting a gearing ratio of approximately 0.6.”
> Murad Moledina, on the call for April to June 2026

### What management guided

- FY27 and beyond distribution operating margin: ₹7,000 per tonne and above. - Mumbai liquid-storage addition: 64,000 cubic metres for ₹125 crore, aiming for commissioning in H1 FY27. - JNPA phase one adds 100,000 cubic metres in October to December 2026 within a ₹1,675 crore programme for 318,100 cubic metres liquid, 77,236 metric tonnes LPG and 35,000 metric tonnes annual bottling; approved tank adds 52,000 metric tonnes. - Kochi adds 49,577 cubic metres early next FY; Mangalore rail-loading and bottling infrastructure carries ₹52.5 crore; Pipavav VLGC jetty, rail gantry and KGPL connection goal FY27. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/2/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 14 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of Aegis Logistics? What is changing in the business? The changes showing up in Aegis Logistics' own numbers are a bigger market to serve. It is too early to say whether they last. A bigger market to serve too early to call

Distribution volume grew 49%, 44%, 71% and 91% over the same quarter a year earlier in the four quarters (1.92, 1.83, 2.34 and 2.8 lakh tonnes). Management calls the switch the 'tip of the iceberg' and goals 1 million tonnes this year, 1.5 million next year and 2 million after that. Why it may last: What would decide it: distribution volume still growing fast for two or three quarters after energy supply normalises. What could be flattering it: A temporary burst of demand caused by the West Asia supply disruption (customers scrambling for fuel), or a booming market in which Aegis is merely keeping pace. Next check: Distribution volume in the Sep 2026 quarter stays above 2.5 lakh tonnes (it was 1.92 lakh a year earlier) even if West Asia supply eases. Quarter by quarter, 4 quarters

July to September 2025

Distribution volume 1.92 lakh tonnes, up 49%, spread across regions. Operating profit ₹291 crore against ₹224 crore a year earlier. ✓ fact

From our notes of the call for July to September 2025: LPG volumes hit all-time high of 1.41 million metric tons in Q2 (+32% on a year earlier); distribution volumes surged 49% to record 1.92 lakh metric tons. October to December 2025

Distribution up 44% to 1.83 lakh tonnes, explained for the first time as industrial users leaving natural gas. This was before the West Asia supply shock, at the old margin of about ₹3,500-4,000 a tonne. Operating profit ₹297 crore against ₹233 crore. ✓ fact

From our notes of the call for October to December 2025: Q3 44% growth to 1.83 lakh metric tons - industrial users switching from natural gas due to portability, lower infrastructure capital spending, price stability, and availability advantages. January to March 2026

Record 2.34 lakh tonnes, up 71%; full-year distribution 7.54 lakh tonnes, up 45%. Operating profit ₹624 crore against ₹409 crore. ✓ fact

From our notes of the call for January to March 2026: FY26 distribution volumes 7.54 lakh MT (+45% on a year earlier); Q4 record 2.34 lakh MT (+71% on a year earlier)

April to June 2026

2.8 lakh tonnes, up 91% on the year and 19% on the quarter. Management says geography, new customers and industrial demand drove it, and the war-related disruption only sped it up. Operating profit ₹714 crore against ₹240 crore. ✓ fact

From our notes of the call for April to June 2026: Asked whether war-related disruption or structural factors drove distribution growth - geographic reach, customer additions and industrial demand were called primary; disruption was an accelerant. We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What could change the Aegis Logistics story? What are the risks? Distribution margin falls below management's stated floor after energy prices normalize while customer volumes continue growing; that would show procurement scale is failing to replace the temporary pricing benefit. ### Each change stops working if

- Distribution scale and procurement: Growing distribution volume no longer preserves unit margin after energy prices stabilize. - Multimodal evacuation: Customers retain existing delivery routes despite completed connections. - Liquid capacity contribution: Commissioning slips again or customer occupancy fails to follow completion. - : Industrial distribution fails to begin or realized margins do not cover operating and capital costs. ### The main risks

- : Repeated commissioning revisions delay capacity contribution. ⚠ estimate
- : Temporary energy pricing may explain part of the distribution uplift. ⚠ estimate
- : Cash conversion does not make the full expansion programme self-financing. ⚠ estimate
- : Ammonia commissioning precedes proof of distribution profitability. ⚠ estimate

(Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in Aegis Logistics' next results? When Aegis Logistics reports October to December 2026, these are the 5 checks that show whether the story is still on course. First: Distribution volume in the Sep 2026 quarter stays above 2.5 lakh tonnes (it was 1.92 lakh a year earlier) even if West Asia supply eases. | What to check | Why |
| --- | --- |
| Distribution volume in the Sep 2026 quarter stays above 2.5 lakh tonnes (it was 1.92 lakh a year earlier) even if West Asia supply eases. | A bigger market to serve |
| Distribution margin to stay above the guided floor without geopolitical support - check procurement and shipping efficiencies as volumes ramp. | From the call |
| KGPL connection and JLPL operations to improve evacuation - check throughput acceleration at Kandla and Pipavav. | From the call |
| Ammonia industrial distribution to begin and Hindustan Zinc DAP volumes to activate - check first throughput, customer additions and route economics. | From the call |
| Port expansion milestones to remain on schedule - check Mumbai, JNPA, Kochi, Mangalore and Pipavav commissioning or construction progress. | From the call |

## Which stock lists is Aegis Logistics on? Aegis Logistics is on 3 of our India lists: Multibagger study list, Small & mid cap stocks and Oil & gas stocks. - [Multibagger study list Study stage: middle](https://www.sectoralpha.in/multibagger-stocks-india)
- [Small & mid cap stocks Size rank in India: 230](https://www.sectoralpha.in/small-cap-stocks-india)
- [Oil & gas stocks Group on the list: Gas pipelines, LNG, city gas and LPG](https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india)

## Is Aegis Logistics profitable? Aegis Logistics Ltd earned ₹320 Cr of net profit in the Sep 2026 quarter, +31.1% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹1,107 Cr. Over 10 years profit has grown 24.3% a year on average. That is 14.5% of the quarter's revenue. The same quarter a year earlier earned ₹244 Cr. For the full year, FY26 profit was ₹1,107 Cr (+40.7% on the year before). Why profit moved: revenue changed −3.5% on a year earlier and the margin moved +7.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +82.8% and revenue +21.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY27-Q1. revenue ₹2,357 Cr and profit ₹545 Cr as reported. FY27-Q2. revenue ₹2,213 Cr and profit ₹320 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much revenue does Aegis Logistics make, and is it growing? Aegis Logistics Ltd reported ₹2,213 Cr of revenue in the Sep 2026 quarter, −3.5% on the same quarter a year earlier. Over 10 years it has grown 14.2% a year on average. The last full year, FY26, came in at ₹8,333 Cr. The last four reported quarters add to ₹8,889 Cr. FY26 revenue was ₹8,333 Cr, +23.2% on the year before. Recent pace: the last four quarters grew +21.7% on average, against 14.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +19.7%, against +12.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +73.1%, against +49.1% a year (accelerating). FY27-Q1. revenue ₹2,357 Cr and profit ₹545 Cr as reported. FY27-Q2. revenue ₹2,213 Cr and profit ₹320 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Aegis Logistics keep? Aegis Logistics Ltd's operating margin was 20.0% in the Sep 2026 quarter, 7.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 2.0% and 17.0%. The latest quarter is above every full year in that period. Why this happened. The Operating Leverage Catapult is conditional here: management identifies scale-driven procurement and shipping efficiencies, but the calls do not separate those savings from temporary energy pricing. The benefit already appears in earnings; the remaining benefit depends on additional customers and retained unit economics. Competitor pricing responses and the share passed to customers are unknown. Why the margin moved: operating margin changed +7.0 percentage points on the year while gross margin changed +6.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. FY27-Q1. revenue ₹2,357 Cr and profit ₹545 Cr as reported. FY27-Q2. revenue ₹2,213 Cr and profit ₹320 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## Is Aegis Logistics' profit turning into cash? Over the last 3 years, 126% of Aegis Logistics Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,028 Cr of operating cash against ₹1,107 Cr of profit. After ₹932 Cr of spending on assets, ₹1,096 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 126% of profit came in as cash: the cash cycle got 18 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 7.3× depreciation over three years. The next section checks what that spending is building. ## Where does Aegis Logistics' cash go? Aegis Logistics Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −12 days in FY26, down from 6 days in FY21. It spent ₹3,540 Cr on assets over the last 3 years. Customers take 21 days to pay, and stock sits for 7 days on average. Why this happened. Mumbai and JNPA have dated capacity plans, but the latest schedules supersede earlier promises. Commissioning begins the contribution window; it does not establish full utilization. The Capex Inflection Point does not describe the whole company because spending continues beyond these assets. Tariffs, committed occupancy and competitors' new capacity are not supplied. At FY26 sales of ₹8,333 Cr, each day of that cycle ties up about ₹22.8 Cr, so roughly −₹274 Cr is tied up in the business at any time. FY26: customers took 21 days to pay and stock sat for 7 days, about 0.2 months of sales sitting as stock, for a full cycle of −12 days, shorter than FY21's 6. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 7 days. Customers pay about 21 days after that. Suppliers are paid at 40 days. Together that makes the −12-day cycle. Spending on assets: ₹3,540 Cr over the last 3 years, against ₹486 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹764 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Aegis Logistics' P/E ratio, and how does it compare with its own history? Aegis Logistics Ltd's P/E is 31.0×, near the low end of its own history: it has been lower only 28% of the time. Its usual P/E (the middle reading) is 37.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +35.4% while the price moved +56.9%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +40.9% a year; about +35.0% a year came from earnings growth and about +5.9 percentage points from the multiple (the market paying more); over 10 years the price moved +22.5% a year; about +27.2% a year came from earnings growth and about −4.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 26% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What growth does the Aegis Logistics share price assume? Worked out from its price on 11 October 2026, Aegis Logistics Ltd's share price assumed profit growth of about 20.8% a year. Over the past 10 years its profit actually grew 24.3% a year. Today its P/E is 31.0×, lower than 72% of its own last 11 years. This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Aegis Logistics business getting better or worse? Aegis Logistics Ltd's business is giving mixed signals. Growth has been steadily positive, but ROCE at 13.0% is below the 15% level needed to call it steady growth. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the Aegis Logistics story, and has it been checked? Aegis Logistics Ltd's story is not scored yet against the checks our research set on 10 October 2026. Our read, 10 October 2026. From the numbers. The…

From the price. Price stage 2, week 20, above its 200-day line, relative strength falling. From the research. Where they disagree. What is proven. What is not proven yet. Distribution margin falls below management's stated floor after energy prices normalize while customer volumes continue growing; that would show procurement scale is failing to replace the temporary pricing benefit. What would change our mind. Distribution margin falls below management's stated floor after energy prices normalize while customer volumes continue growing; that would show procurement scale is failing to replace the temporary pricing benefit. The test written in advance. Distribution margin falls below management's stated floor after energy prices normalize while customer volumes continue growing; that would show procurement scale is failing to replace the temporary pricing benefit. Measured by: the thesis as written as stated by the next result. What the company does. Customer additions and integrated procurement provide an operating explanation for the earnings increase. Management says scale can preserve distribution economics after energy prices normalize, but the replacement benefit has not been quantified. What the surface reading misses. The surface reading is: The latest profit print suggests rapid acceleration. The research reads it further: Operating profit grew faster than revenue, while the tax rate increased against the comparison quarter. Margin improvement, rather than a tax benefit, is the dominant visible leg. What the surface reading misses. The surface reading is: The prior-year cells establish positive reported revenue and profit comparisons for all four latest quarters. The research reads it further: The bases differ materially, so the growth rates do not describe one uniform operating mechanism. Jun 2026 operating profit rises from Rs 240 crore to Rs 714 crore while revenue rises from Rs 1,719 crore to Rs 2,357 crore; December profit growth instead accompanies nearly unchanged revenue. These comparisons establish delivered growth, not permanent unit economics. Lever 12 · New product launch: building. Pipeline, rail and VLGC facilities can increase throughput when customers adopt them. What proves it keeps working: Multimodal evacuation. It stops working if Customers retain existing delivery routes despite completed connections. Sources: our stock research file (10 October 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Aegis Logistics management deliver what it promised? What Aegis Logistics Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. JNPA Liquid Expansion Delayed to Q3 FY27 · 14 August 2026. The first-phase commissioning goal moved from Q1 FY27 in Jan 2026 to H1 FY27 in Jun 2026 and now to Q3 FY27 in Aug 2026. The latest call provides no explanation for the sequential delay, which would defer the capacity's utilization and earnings contribution. Mumbai Liquid Expansion Slipped Beyond the Original Q1 FY27 Goal · 14 August 2026. Management originally planned commissioning of the 64,000-unit Mumbai expansion in Q1 FY27, but the latest call moved the goal to H1 FY27. Although the Jun 2026 call had already reflected the H1 goal, the latest call does not explain why the original commitment was missed, creating a delay in the expected capacity ramp-up. Kochi Expansion Scope Reduced Without Explanation · 14 August 2026. The latest call approved 49,577 cubic meters of additional Kochi storage, compared with the 60,000 cubic meters previously under evaluation. This represents an approximately 17% reduction in the planned expansion capacity, with no explanation for the change in project scope. Ammonia Distribution Margin Expectation Withdrawn · 14 August 2026. In Jan 2026, management quantified ammonia distribution margins at up to INR5,000, but in the latest call it declined to provide even a starting range after commissioning the facility. This unexplained withdrawal of a key economic assumption weakens the basis for modeling the new ammonia growth platform. Every quote above is taken word for word from the company’s own earnings calls. ## What is Aegis Logistics management's track record? Stream 5 adds the funding proposal, not commissioning proof; unrelated AEGIS Hedging hits and post-cutoff acquisition evidence are excluded. ### Regulatory and governance record

The HPCL excerpt is procedural and the lease dispute excerpt supplies no adverse conduct finding. No named fraud, lie, material live proceeding or huge unowned central-goal miss is established. Sources:

- [bseindia.com](https://www.bseindia.com/bseplus/AnnualReport/500003/5000030318.pdf)
- [indiankanoon.org](https://indiankanoon.org/doc/47864230/)
- [scanx.trade](https://scanx.trade/stock-market-news/companies/aegis-logistics-files-brsr-for-fy-2025-26/45574789)

(Checked 14 October 2026.)

## How much does Aegis Logistics earn on its capital? Aegis Logistics Ltd earned a ROCE of 13% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 13.3% net margin and 0.58× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 13.3% net margin × 0.58× asset turnover × 2.36× leverage (assets divided by equity) ≈ 18.2% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 26% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Aegis Logistics have too much debt? Aegis Logistics Ltd had ₹4,150 Cr of borrowings against ₹6,055 Cr of equity in FY26, so its debt is 0.69× its equity. Its operating profit is 10 times its interest bill. Over 5 years borrowings went from ₹734 Cr to ₹4,150 Cr. Over the last 3 of those years it spent ₹3,540 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 26% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Aegis Logistics shareholding pattern? Domestic institutions cut their stake in Aegis Logistics Ltd by 2.7 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 4.0% of the company. Foreign institutions moved +1.2 points over the same period, to 19.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −2.7 points over 8 quarters, to 4.0%; Foreign institutions: +1.2 points over 8 quarters, to 19.1%; Promoters: +0.0 points over 8 quarters, to 58.1%. Why the owners changed: domestic institutions drove it (−2.7 points), with the other side taken by foreign institutions (+1.2 points). They reduced their stake. ## How far is Aegis Logistics from balance-sheet trouble? For Aegis Logistics Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Aegis Logistics rank in its industry? 65.4 out of 100, rank 1 of 18 in Logistics, with 82% of the evidence available. Aegis Logistics Ltd scores 65.4 out of 100 against the 18 companies it is compared with in Logistics, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 27.1 + 16.3 + 8.2 + 13.8 = 65.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Aegis Logistics compared with? Aegis Logistics ranks 1 of 18 Logistics companies on the 4-Factor Sector Score, with 65.4 out of 100. 1. Aegis Logistics Ltd this page AEGISLOG · losing its lead · Most evidence points up · 82% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 19.7% · Profit 73.1% · Operating margin change 7 points · 95% evidence Capital efficiency 16.3/25 · ROCE 13.3% · Operating margin 20% · 76% evidence Valuation 8.2/20 · P/E 28.9× · PEG n/a · 50% evidence Relative strength 13.8/20 · Lead over its industry 20.5% · Lead over NIFTY 500 22.7% · 1 year 46.2% · 100% evidence · 9 of 12 weeks ahead Exact sum: 27.1 + 16.3 + 8.2 + 13.8 = 65.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Allcargo Terminals Ltd](https://www.sectoralpha.in/stocks/allcargo-terminals-ltd) ATL · breaking out · Most evidence points up · 96% evidence 65.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 12.3% · Profit 39.2% · Operating margin change 3.7 points · 88% evidence Capital efficiency 14.1/25 · ROCE 11.2% · Operating margin 22.1% · 100% evidence Valuation 15.7/20 · P/E 16.5× · PEG 0.43 · 100% evidence Relative strength 12.3/20 · Lead over its industry -4.9% · Lead over NIFTY 500 -1.2% · 1 year -25.4% · 100% evidence · 7 of 12 weeks ahead Exact sum: 23 + 14.1 + 15.7 + 12.3 = 65.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Shadowfax Technologies Ltd](https://www.sectoralpha.in/stocks/shadowfax-technologies-ltd) SHADOWFAX · breaking out · Evidence leans up · 63% evidence 64.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 40.3/43.75 · Revenue 64.4% · Profit 100% · Operating margin change 3 points · 100% evidence Capital efficiency 12.7/31.25 · ROCE 10% · Operating margin 7% · 100% evidence Valuation 11.3/25 · P/E 71.2× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 40.3 + 12.7 + 11.3 = 64.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 4. [Blue Dart Express Ltd](https://www.sectoralpha.in/stocks/blue-dart-express-ltd) BLUEDART · quiet · Evidence leans up · 81% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.4/35 · Revenue 9.2% · Profit 15.3% · Operating margin change 2 points · 88% evidence Capital efficiency 17.5/25 · ROCE 15.8% · Operating margin 16% · 100% evidence Valuation 8.9/20 · P/E 30.5× · PEG 3.26 · 100% evidence Relative strength 7.7/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.3% · 1 year -36.5% · 25% evidence · 1 of 12 weeks ahead Exact sum: 20.4 + 17.5 + 8.9 + 7.7 = 54.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Gateway Distriparks Ltd](https://www.sectoralpha.in/stocks/gateway-distriparks-ltd) GATEWAY · quiet · Evidence leans up · 85% evidence 52.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.3/35 · Revenue 8.2% · Profit -38.7% · Operating margin change 1 points · 100% evidence Capital efficiency 13.5/25 · ROCE 10.8% · Operating margin 22% · 100% evidence Valuation 17.4/20 · P/E 9.1× · PEG 1.02 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -20.4% · 1 year -32.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 14.3 + 13.5 + 17.4 + 7.5 = 52.7 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [Transport Corporation of India Ltd](https://www.sectoralpha.in/stocks/transport-corporation-of-india-ltd) TCI · turning · Evidence leans up · 100% evidence 50.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.3/35 · Revenue 11.5% · Profit 5.9% · Operating margin change -1 points · 100% evidence Capital efficiency 16.8/25 · ROCE 19.4% · Operating margin 10% · 100% evidence Valuation 11.6/20 · P/E 14.7× · PEG 2.3 · 100% evidence Relative strength 7.0/20 · Lead over its industry -9.2% · Lead over NIFTY 500 -5.3% · 1 year -27.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.3 + 16.8 + 11.6 + 7 = 50.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Ritco Logistics Ltd](https://www.sectoralpha.in/stocks/ritco-logistics-ltd) RITCO · losing its lead · Evidence leans down · 78% evidence 46.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.2/35 · Revenue 16.9% · Profit -35.4% · Operating margin change -1.1 points · 83% evidence Capital efficiency 10.4/25 · ROCE 10.2% · Operating margin 6% · 76% evidence Valuation 7.9/20 · P/E 23.8× · PEG n/a · 50% evidence Relative strength 14.5/20 · Lead over its industry 4.6% · Lead over NIFTY 500 8% · 1 year 3.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 13.2 + 10.4 + 7.9 + 14.5 = 46 · What this means: Relative strength against the index is 8%, and revenue and profit growth are weak. 8. [TransIndia Real Estate Ltd](https://www.sectoralpha.in/stocks/transindia-real-estate-ltd) TREL · breaking out · Evidence leans down · 78% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.1/35 · Revenue 1.2% · Profit -26.8% · Operating margin change -11 points · 83% evidence Capital efficiency 9.3/25 · ROCE 2.9% · Operating margin 55% · 76% evidence Valuation 13.7/20 · P/E 15.2× · PEG n/a · 50% evidence Relative strength 9.4/20 · Lead over its industry -7.2% · Lead over NIFTY 500 -3.6% · 1 year -17.2% · 100% evidence · 9 of 12 weeks ahead Exact sum: 12.1 + 9.3 + 13.7 + 9.4 = 44.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [Blackbuck Ltd](https://www.sectoralpha.in/stocks/blackbuck-ltd) BLACKBUCK · breaking out · Evidence leans down · 78% evidence 41.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.3/35 · Revenue 49.9% · Profit -38.6% · Operating margin change -2 points · 100% evidence Capital efficiency 15.3/25 · ROCE 12.8% · Operating margin 22% · 100% evidence Valuation 7.6/20 · P/E 55.9× · PEG 2.37 · 65% evidence Relative strength 10.7/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.3% · 1 year -17.6% · 25% evidence · 11 of 12 weeks ahead Exact sum: 8.3 + 15.3 + 7.6 + 10.7 = 41.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Sindhu Trade Links Ltd](https://www.sectoralpha.in/stocks/sindhu-trade-links-ltd) SINDHUTRAD · basing · Too little evidence to rank firmly · 56% evidence 38.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Revenue -63.7% · Profit 11.4% · Operating margin change 8 points · 83% evidence Capital efficiency 7.4/25 · ROCE 4.5% · Operating margin 16% · 76% evidence Valuation 9.4/20 · P/E 46.4× · PEG n/a · 15% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -12.9% · 1 year -18.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 13.8 + 7.4 + 9.4 + 8 = 38.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [Western Carriers (India) Ltd](https://www.sectoralpha.in/stocks/western-carriers-indialtd) WCIL · breaking out · Evidence leans down · 64% evidence 37.3 out of 100 Growth Capital Valuation Relative
12. [Container Corporation Of India Ltd](https://www.sectoralpha.in/stocks/container-corporation-of-india-ltd) CONCOR · quiet · Evidence leans down · 96% evidence 36.5 out of 100 Growth Capital Valuation Relative
13. [Reliance Industrial Infrastructure Ltd](https://www.sectoralpha.in/stocks/reliance-industrial-infrastructure-ltd) RIIL · basing · Most evidence points down · 85% evidence 26.3 out of 100 Growth Capital Valuation Relative
14. [S J Logistics (India) Ltd](https://www.sectoralpha.in/stocks/s-j-logistics-indialtd) SJLOGISTIC · Too little evidence to rank firmly · 40% evidence 66.9 out of 100 Growth Capital Valuation Relative
15. [Tejas Cargo India Ltd](https://www.sectoralpha.in/stocks/tejas-cargo-india-ltd) TEJASCARGO · turning · Too little evidence to rank firmly · 32% evidence 52.3 out of 100 Growth Capital Valuation Relative
16. [JITF Infra Logistics Ltd](https://www.sectoralpha.in/stocks/jitf-infra-logistics-ltd) JITFINFRA · quiet · Too little evidence to rank firmly · 46% evidence 52.1 out of 100 Growth Capital Valuation Relative
17. [Sical Logistics Ltd](https://www.sectoralpha.in/stocks/sical-logistics-ltd) SICALLOG · quiet · Too little evidence to rank firmly · 49% evidence 46.4 out of 100 Growth Capital Valuation Relative
18. [Allcargo Gati Ltd(Merged)](https://www.sectoralpha.in/stocks/allcargo-gati-ltd-merged) ACLGATI · Too little evidence to rank firmly · 24% evidence 38.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Logistics](https://www.sectoralpha.in/sectors/logistics), all 18 compared on one page. ## Which companies are close to Aegis Logistics in size? Aegis Logistics is the largest of 18 Logistics companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Container Corporation Of India, Shadowfax Technologies, Blackbuck, Blue Dart Express, Transport Corporation of India and Sindhu Trade Links. ### Logistics companies close in size

1. Aegis Logistics Ltd ₹38,494 crore
2. [Container Corporation Of India Ltd](https://www.sectoralpha.in/stocks/container-corporation-of-india-ltd) ₹31,520 crore
3. [Shadowfax Technologies Ltd](https://www.sectoralpha.in/stocks/shadowfax-technologies-ltd) ₹15,956 crore
4. [Blackbuck Ltd](https://www.sectoralpha.in/stocks/blackbuck-ltd) ₹10,278 crore
5. [Blue Dart Express Ltd](https://www.sectoralpha.in/stocks/blue-dart-express-ltd) ₹9,897 crore
6. [Transport Corporation of India Ltd](https://www.sectoralpha.in/stocks/transport-corporation-of-india-ltd) ₹6,745 crore
7. [Sindhu Trade Links Ltd](https://www.sectoralpha.in/stocks/sindhu-trade-links-ltd) ₹3,591 crore

[All 18 Logistics companies, largest first](https://www.sectoralpha.in/sectors/logistics#all-companies)

### Companies close in size in other industries

1. [Hindustan Copper Ltd](https://www.sectoralpha.in/stocks/hindustan-copper-ltd) ₹38,763 crore · Metals
2. [J B Chemicals & Pharmaceuticals Ltd](https://www.sectoralpha.in/stocks/j-b-chemicals-pharmaceuticals-ltd) ₹38,677 crore · Pharma - Formulators
3. Aegis Logistics Ltd ₹38,494 crore
4. [Page Industries Ltd](https://www.sectoralpha.in/stocks/page-industries-ltd) ₹38,481 crore · Textiles - Hosiery/Knitwear
5. [K P R Mill Ltd](https://www.sectoralpha.in/stocks/k-p-r-mill-ltd) ₹38,099 crore · Textiles - Spinning

## What else do people ask about Aegis Logistics? ### What is Aegis Logistics's share price today? Aegis Logistics Ltd's share price is ₹1,177.10, +56.9% over the past year. The whole company is worth ₹41,305 Cr on the market. In the last 52 weeks it traded between ₹588 to ₹1,418; today it is 71% of the way up from the low, 8.7% above its 200-day average (as of 3 November 2026). ### What were Aegis Logistics's latest quarterly results? Aegis Logistics Ltd reported revenue of ₹2,213 Cr and net profit of ₹320 Cr for the Sep 2026 quarter. Revenue fell 3.5% and profit rose 31.1% compared with a year earlier. Earnings per share were ₹7.42. The operating margin was 20.0%, 7.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Aegis Logistics's market cap? Aegis Logistics Ltd's market capitalisation is ₹41,305 Cr at a share price of ₹1,177.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Aegis Logistics performing? Aegis Logistics Ltd's share price has been rising for 20 weeks. In its latest quarter, revenue fell 3.5% and profit rose 31.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Aegis Logistics's share price go up? This page does not forecast Aegis Logistics Ltd's share price. What it shows instead: the share price is ₹1,177.10, and it has been rising for 20 weeks. Its P/E of 31.0× is higher than 28% of its own last 11 years (as of 3 November 2026). ### Where is Aegis Logistics in its business cycle? Aegis Logistics Ltd's FY26 operating margin was 17.0%, against a 13-year range of 2.0% to 17.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 20.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Aegis Logistics story? The main question: domestic institutions moved −2.7 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Aegis Logistics a stock worth studying right now? What the numbers show: Aegis Logistics Ltd's multiple is near its low because earnings grew even faster than a 6× rise in the share price over five years. The multiple is low because of growth, not neglect. Results are still improving, and its P/E is higher than only 28% of its own 11-year history. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Aegis Logistics share price forecast for 2026? What management itself guided: EPS yearly growth at or above the logistics benchmark. The changes showing up in Aegis Logistics' own numbers are a bigger market to serve. It is too early to say whether they last. What would change the story: Distribution margin falls below management's stated floor after energy prices normalize while customer volumes continue growing; that would show procurement scale is failing to replace the temporary pricing benefit. ### Where does this page get Aegis Logistics' management information? From Aegis Logistics' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Multibagger study list: https://www.sectoralpha.in/multibagger-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Oil & gas stocks: https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india

This is research, not advice. We’re not SEBI-registered.