Aegis Vopak Terminals Ltd
AEGISVOPAK NSE
Aegis Vopak Terminals Ltd
EnergyNSE: AEGISVOPAK BSE: 544407 Oil
Incorporated in 2013, Aegis Vopak Terminals owns and operates storage terminals for liquefied petroleum gas (LPG) and various liquid products.[1]
AI Verdict: HOLD Confidence: 4%
Aegis Vopak Terminals shows exceptional revenue growth at 49% TTM and 144% profit growth, but trades at an expensive 78.7x PE with modest ROE of ~10%. The valuation leaves little margin of safety despite strong operational momentum in the energy storage segment.
Key Fundamentals
SmallcapOil Storage & TransportationOil & GasMarket Cap
₹25,839 Cr
Volatility
Moderate
P/E Ratio
102.28
EBITDA
₹686 Cr
Debt to Equity
2.5
Book Value
₹38.72
52W High
₹302
52W Low
₹158
Technical Indicators
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
3- Stock is trading at 5.98 times its book value
- Company has a low return on equity of 9.47% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
42.60% ↗
Net Income Growth
168.81% ↗
Cash Flow Change
41.80% ↗
ROE
-23.62% ↘
ROCE
-9.31% ↘
EBITDA Margin (Avg.)
-4.41% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoHOLD
Risk high
Aegis Vopak Terminals shows exceptional revenue growth at 49% TTM and 144% profit growth, but trades at an expensive 78.7x PE with modest ROE of ~10%. The valuation leaves little margin of safety despite strong operational momentum in the energy storage segment.
Bull Case 7
- TTM sales growth of 49% indicates strong demand for tank storage and terminal services
- Compounded profit growth of 144% TTM shows significant operating leverage kicking in
- 3-year compounded sales CAGR of 38% demonstrates sustained multi-year revenue momentum
- ROE improved to 10% last year from 9% 3-year average, indicating improving capital efficiency
- 50% of analysts rate the stock a Buy, with zero Sell ratings out of 2 total ratings
- Company is expected to deliver a good upcoming quarter per consensus expectations
- Market cap of Rs 26,769 Cr reflects institutional confidence in the energy infrastructure play
Bear Case 8
- PE ratio of 78.7x is extremely expensive, pricing in years of flawless execution
- Price-to-book of 6.28x is elevated for an asset-heavy terminal business with modest returns
- 3-year average ROE of only 9.47% is inadequate to justify a 6.28x book value multiple
- Stock has delivered negative 1-year CAGR of -3% despite strong profit growth, signaling valuation compression
- Dividend yield of just 0.08% offers negligible income support for investors
- Company may be capitalizing interest costs, potentially overstating reported profitability
- Only 2 total analyst ratings suggest limited institutional coverage and potential liquidity concerns
- 3-year compounded profit CAGR of 1472% is off a very low base, making growth rates optically misleading
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 14h ago Positives 1
- Ammonia terminal nears completion May 30
New ammonia terminal targeted for completion by Q1 FY27. JLPL pipeline connection at Kandla already completed; KGPL pipeline at Pipavav expected by Q2 FY27.
Neutral 3
- IIFL London conference attendance Jun 18
Aegis Vopak officials will attend IIFL conference in London from June 23-25, 2026. No unpublished price sensitive information will be discussed.
- No encumbrance on 42.23% stake Jun 10
Vopak India B.V. confirmed no encumbrance on 46.78 crore equity shares representing 42.23% of Aegis Vopak under SEBI regulations.
- Q4FY26 earnings call completed Jun 9
Q4FY26 earnings conference call held on June 9, 2026 with Chairman Raj Chandaria and Director Murad Moledina participating. Audio recording released.
TL;DR: Aegis Vopak has no visible headwinds in recent news flow. The key positive is infrastructure expansion with the ammonia terminal nearing Q1 FY27 completion and pipeline connections progressing. Corporate governance disclosures remain routine and clean. The trend is stable with a growth catalyst approaching as new terminal capacity comes online.
Quarterly Results
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 154 | 149 | 162 | 199 | 164 | 188 | 239 | 243 |
| Expenses | 41 | 39 | 43 | 55 | 44 | 50 | 61 | 64 |
| Operating Profit | 114 | 109 | 119 | 144 | 120 | 137 | 179 | 179 |
| OPM % | 74% | 74% | 73% | 72% | 73% | 73% | 75% | 74% |
| Other Income | 2 | 2 | 8 | 16 | 9 | 1 | 4 | 4 |
| Interest | 48 | 47 | 50 | 48 | 30 | 18 | 20 | 41 |
| Depreciation | 31 | 32 | 32 | 37 | 36 | 50 | 56 | 55 |
| PBT | 37 | 32 | 45 | 75 | 63 | 71 | 107 | 87 |
| Tax % | 29% | 31% | 16% | 15% | 24% | 24% | 17% | 15% |
| Net Profit | 26 | 22 | 38 | 64 | 48 | 54 | 89 | 74 |
| EPS in Rs | 234 | 0.23 | 0.38 | 0.59 | 0.43 | 0.49 | 0.74 | 0.62 |
Profit & Loss
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 0 | 353 | 562 | 621 | 923 |
| Expenses | 1 | 124 | 164 | 163 | 237 |
| Operating Profit | -1 | 229 | 398 | 458 | 686 |
| OPM % | — | 65% | 71% | 74% | 74% |
| Other Income | 0 | 3 | 8 | 26 | 37 |
| Interest | 1 | 138 | 171 | 193 | 110 |
| Depreciation | 0 | 91 | 114 | 126 | 208 |
| PBT | -1 | 3 | 121 | 165 | 406 |
| Tax % | 0% | 103% | 28% | 23% | 16% |
| Net Profit | -1 | 0 | 87 | 127 | 342 |
| EPS in Rs | -21.37 | -0.8 | 865 | 1.29 | 2.8 |
| Div. Payout % | 0% | 0% | 38% | 0% | 7% |
Balance Sheet
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.51 | 1 | 1 | 989 | 1,108 |
| Reserves | 1 | 952 | 996 | 931 | 3,183 |
| Borrowings | 98 | 2,374 | 3,273 | 4,009 | 3,731 |
| Other Liabilities | 2 | 152 | 253 | 193 | 429 |
| Total Liabilities | 103 | 3,479 | 4,523 | 6,123 | 8,450 |
| Fixed Assets | 20 | 3,030 | 3,491 | 4,600 | 6,650 |
| CWIP | 8 | 152 | 53 | 157 | 210 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 75 | 297 | 980 | 1,365 | 1,589 |
| Total Assets | 103 | 3,479 | 4,523 | 6,123 | 8,450 |
Cash Flow
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Operating | 0 | 172 | 337 | 478 | 702 |
| Investing | -92 | -1,786 | -857 | -378 | -3,077 |
| Financing | 99 | 1,629 | 603 | 386 | 1,956 |
| Net Cash Flow | 7 | 16 | 83 | 486 | -419 |
| Free Cash Flow | -64 | -6 | -325 | 350 | 3 |
| CFO/OP | -88 | 77 | 87 | 109 | 106 |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | — | 72 | 85 | 70 | 74 |
| Cash Conversion Cycle | — | 72 | 85 | 70 | 74 |
| Working Capital Days | — | 29 | 31 | -39 | -618 |
| ROCE % | — | 8% | 8% | 7% | 7% |
Documents
1
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
4 May - CARE report for quarter ended March 31, 2026 shows nil deviation in IPO proceeds utilization. 4 May - CARE report for quarter ended March 31, 2026 shows nil deviation in IPO proceeds utilization.
2
Announcement under Regulation 30 (LODR)-Credit Rating
7 May - NSE Sustainability Ratings assigned ESG rating based on public information; company did not participate. 7 May - NSE Sustainability Ratings assigned ESG rating based on public information; company did not participate.
3
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
4 May - CARE report for quarter ended March 31, 2026 shows nil deviation in IPO proceeds utilization. 4 May - CARE report for quarter ended March 31, 2026 shows nil deviation in IPO proceeds utilization.
5
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015- Execution Of Share Purchase Agreements And Shareholders Agreement
28 Mar - Sale of 10% (5,000 shares) of ATPL to Itochu for INR 80.32 crore; SPA dated March 27, 2026. 28 Mar - Sale of 10% (5,000 shares) of ATPL to Itochu for INR 80.32 crore; SPA dated March 27, 2026.
5
Earnings Conference Call With Analysts/Investors On Tuesday June 9 2026 At 02:00 P.M (IST) 9 Jun 2026
General_Announcements
Frequently Asked Questions about Aegis Vopak Terminals Ltd
What does Aegis Vopak Terminals Ltd do?
Incorporated in 2013, Aegis Vopak Terminals owns and operates storage terminals for liquefied petroleum gas (LPG) and various liquid products.[1]
Where is Aegis Vopak Terminals Ltd (AEGISVOPAK) listed?
Aegis Vopak Terminals Ltd is listed on the Indian stock exchanges. It is listed on NSE: AEGISVOPAK and BSE: 544407. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Aegis Vopak Terminals Ltd belong to?
Aegis Vopak Terminals Ltd operates in the Energy sector within the Oil industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Aegis Vopak Terminals Ltd?
Aegis Vopak Terminals Ltd has a market capitalisation of approximately ₹25839.47 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Aegis Vopak Terminals Ltd?
The Price-to-Earnings (PE) ratio of Aegis Vopak Terminals Ltd is 102.28. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Aegis Vopak Terminals Ltd?
Over the past 52 weeks, Aegis Vopak Terminals Ltd has traded between a low of ₹158 and a high of ₹302. This range helps investors understand the stock's price volatility and recent trading levels.
Does Aegis Vopak Terminals Ltd pay dividends?
Yes, Aegis Vopak Terminals Ltd has a dividend yield of 0.09%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
How can I research Aegis Vopak Terminals Ltd on Tapetide?
On Tapetide, you can view Aegis Vopak Terminals Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 2013, Aegis Vopak Terminals owns and operates storage terminals for liquefied petroleum gas (LPG) and various liquid products.[1]
Website aegisvopak.com
CEO Mr. Raj Kapurchand Chandaria
Employees 368
Listed 2025-06-02
Face Value ₹ 10
Issued Size 1,10,79,91,489