Aegis Vopak Terminals Ltd
Aegis Vopak Terminals Ltd
Oil & GasKey Fundamentals
SmallcapOil Storage & TransportationOil & GasInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Aegis Vopak Terminals Ltd insights
52 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
3- Stock is trading at 7.10 times its book value
- Company has a low return on equity of 12.0% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAegis Vopak Terminals is India's largest third-party LPG and liquid storage terminal operator with 1.7 million cubic metres of liquid capacity and 201,000 MT of LPG static capacity. The company delivered FY26 revenue of ₹923 crore (17% YoY growth) and net profit of ₹342 crore (52% YoY growth), but trades at a PE of 106x and 7x book value, reflecting rich valuations relative to a 3-year average ROE of 12%.
- FY26 net profit surged 52.1% YoY to ₹341.9 crore, demonstrating strong earnings momentum
- TTM revenue growth of 26% and 3-year compounded sales CAGR of 38% indicate rapid top-line expansion
- India's largest third-party owner-operator of LPG and liquid tank storage with 1.7 million cubic metres liquid capacity and 201,000 MT LPG capacity, providing significant scale advantage
- Management has outlined aggregate capex target of $5 billion by FY30 and $1.2 billion by FY27, signalling visible long-term growth pipeline
- 3-year compounded profit CAGR of 1,472% reflects a dramatic earnings turnaround from a low base
- Recent commissioning of 36,000-tonne Pipavav ammonia terminal diversifies revenue into new energy feedstocks beyond traditional LPG
- Promoter holding remains high at approximately 85.9% post-IPO, indicating strong promoter confidence and alignment
- Joint venture with Royal Vopak (global leader in tank storage) provides access to world-class operational expertise and technology
- PE ratio of 106x is extremely elevated, implying significant growth is already priced in and leaving limited margin of safety
- Stock trades at 7.06x book value (P/B of 8.88 per data) which is expensive for an asset-heavy infrastructure business
- 3-year average ROE of only 12% is modest for a stock commanding such premium valuations
- Company may be capitalizing interest costs, which could overstate reported profitability and asset values
- Dividend yield of just 0.07% offers negligible income return to shareholders at current price
- Q1 FY27 net profit declined to ₹66.1 crore vs ₹71 crore YoY (approximately 12% drop), raising questions about near-term earnings consistency
- Heavy capex plans of $5 billion by FY30 carry execution risk and could strain balance sheet or dilute returns if projects face delays
- Recently listed (IPO in May 2025 at ₹235), limited listed track record makes long-term performance assessment difficult
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 8h ago- 52% PAT surge, dividend approved Aug 7
Consolidated PAT jumped 52% to ₹341.92 crore in FY26, driven by higher LPG throughput and new liquid tankage capacity. Shareholders approved a 2% final dividend (₹0.20/share) at the 13th AGM.
- ₹142.5 Cr propane tank expansion Aug 6
Framework agreement signed with promoter Aegis Logistics for ₹142.5 crore to build a 51,998 MT propane storage tank at JNPA, signaling continued capacity growth.
- Subsidiary signs ₹37.17 Cr deal Aug 6
Subsidiary KCPL entered a framework agreement with promoter group entity SCL for construction of 49,577 cbm storage tanks and associated facilities worth ₹37.17 crore.
- Q1FY26 profit rises 19% YoY Aug 5
Standalone net profit rose 19% YoY to ₹506.8 crore for Q1FY26, driven by higher segment results in both liquid and gas terminals.
- Q1FY27 results filed with SEBI Aug 7
Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 on August 5, 2026, in compliance with SEBI regulations.
- Earnings call scheduled Aug 14 Aug 6
Management will host a Q1 FY27 earnings conference call on August 14, 2026 at 3:00 PM IST to discuss quarterly performance.
TL;DR: Aegis Vopak is delivering strong earnings growth with a 52% jump in FY26 PAT and 19% YoY Q1 profit growth, supported by rising LPG throughput and expanding tankage capacity. The company is actively investing in new storage infrastructure through ₹180 crore in related-party framework agreements. No visible headwinds at present — the key risk to monitor is execution on capacity additions and concentration of deals with promoter entities. The trend is clearly improving with both top-line throughput and bottom-line profitability accelerating.
Quarterly Results
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 154 | 149 | 162 | 199 | 208 | 188 | 239 | 243 | 234 |
| Expenses | 41 | 39 | 43 | 55 | 53 | 50 | 61 | 64 | 54 |
| Operating Profit | 114 | 109 | 119 | 144 | 155 | 137 | 179 | 179 | 179 |
| OPM % | 74% | 74% | 73% | 72% | 75% | 73% | 75% | 74% | 77% |
| Other Income | 2 | 2 | 8 | 16 | 11 | 1 | 4 | 4 | 4 |
| Interest | 48 | 47 | 50 | 48 | 30 | 18 | 20 | 41 | 39 |
| Depreciation | 31 | 32 | 32 | 37 | 42 | 50 | 56 | 55 | 55 |
| PBT | 37 | 32 | 45 | 75 | 95 | 71 | 107 | 87 | 89 |
| Tax % | 29% | 31% | 16% | 15% | 17% | 24% | 17% | 15% | 22% |
| Net Profit | 26 | 22 | 38 | 64 | 79 | 54 | 89 | 74 | 69 |
| EPS in Rs | 234 | 0.23 | 0.38 | 0.59 | 0.64 | 0.49 | 0.74 | 0.62 | 0.6 |
Profit & Loss
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales | 0 | 353 | 562 | 789 | 923 | 904 |
| Expenses | 1 | 124 | 164 | 214 | 237 | 230 |
| Operating Profit | -1 | 229 | 398 | 575 | 687 | 675 |
| OPM % | — | 65% | 71% | 73% | 74% | 75% |
| Other Income | 0 | 3 | 8 | 32 | 37 | 14 |
| Interest | 1 | 138 | 171 | 193 | 110 | 119 |
| Depreciation | 0 | 91 | 114 | 148 | 208 | 216 |
| PBT | -1 | 3 | 121 | 265 | 406 | 354 |
| Tax % | 0% | 103% | 28% | 15% | 16% | — |
| Net Profit | -1 | 0 | 87 | 225 | 342 | 286 |
| EPS in Rs | -21.37 | -0.8 | 865 | 2.03 | 2.8 | 2.45 |
| Div. Payout % | 0% | 0% | 38% | 0% | 71% | — |
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 | 354 | 3,183 |
| Borrowings | 98 | 2,374 | 3,273 | 4,018 | 3,731 |
| Other Liabilities | 2 | 152 | 253 | 1,387 | 400 |
| Total Liabilities | 103 | 3,479 | 4,523 | 6,747 | 8,421 |
| Fixed Assets | 20 | 3,030 | 3,491 | 5,046 | 6,650 |
| CWIP | 8 | 152 | 53 | 167 | 210 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 75 | 297 | 980 | 1,534 | 1,560 |
| Total Assets | 103 | 3,479 | 4,523 | 6,747 | 8,421 |
Cash Flow
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Operating | 0 | 172 | 337 | 576 | 702 |
| Investing | -92 | -1,786 | -857 | -381 | -3,077 |
| Financing | 99 | 1,629 | 603 | 385 | 1,956 |
| Net Cash Flow | 7 | 16 | 83 | 581 | -419 |
| Free Cash Flow | -64 | -6 | -325 | 441 | 3 |
| CFO/OP | -88 | 77 | 87 | 108 | 106 |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | — | 72 | 85 | 55 | 74 |
| Cash Conversion Cycle | — | 72 | 85 | 55 | 74 |
| Working Capital Days | — | 29 | 31 | -502 | -618 |
| ROCE % | — | 8% | 8% | 9% | 8% |
Documents
Frequently Asked Questions about Aegis Vopak Terminals Ltd
What does Aegis Vopak Terminals Ltd do?
Where is Aegis Vopak Terminals Ltd (AEGISVOPAK) listed?
Which sector does Aegis Vopak Terminals Ltd belong to?
What is the market capitalisation of Aegis Vopak Terminals Ltd?
What is the PE ratio of Aegis Vopak Terminals Ltd?
What is the 52-week high and low of Aegis Vopak Terminals Ltd?
Does Aegis Vopak Terminals Ltd pay dividends?
What is the Return on Equity (ROE) of Aegis Vopak Terminals Ltd?
How can I research Aegis Vopak Terminals Ltd on Tapetide?
Company Information
Incorporated in 2013, Aegis Vopak Terminals owns and operates storage terminals for liquefied petroleum gas (LPG) and various liquid products.[1]