Aegis Logistics Ltd. News and Updates

Name: Latest research reports of Aegis Logistics Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Aegis Logistics Ltd.
Rating: 5
Author: Motilal Oswal

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Aegis Logistics Ltd.

06 Nov 2020

775.55

-1.25%

Buy Aegis Logistics; target of Rs 251: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on Aegis Logistics recommended buy rating on the stock with a target price of Rs 251 in its research report dated October 31, 2020.

Aegis Logistics Ltd.'s price crossed below 100Day SMA today

Aegis Logistics Ltd.

03 Nov 2020

775.55

-1.25%

Aegis Logistics Consolidated September 2020 Net Sales at Rs 650.36 crore, down 64.22% Y-o-Y

Moneycontrol

NULL

Number of FII/FPI investors increased from 177 to 187 in Mar 2025 qtr.

Aegis Logistics Ltd.

28 Jul 2020

775.55

-1.25%

dentsu X ranked India's fastest growing agency for third year in a row: RECMA

livemint

dentsu X India, which is the integrated media specialist of Dentsu Aegis Network (DAN), has recorded a growth of 35% in 2019 as compared to 2018

Aegis Logistics Ltd.'s price crossed below 50Day SMA today

Aegis Logistics Ltd.

23 Jul 2020

775.55

-1.25%

Reality check on LPG demand v/s imports - favors AGIS

Buy: Aegis Logistics Ltd.

Target

Motilal Oswal

23 July 2020 Coming decade will mark the period of domestic refineries expansion. Refining capacity, which stands at 250mmtpa in FY20, is expected to grow at a CAGR of 4% and reach 367mmtpa in FY31. ~2x FY1120) are lined up to be commissioned by FY31; however, just one-fourth the capacity has a clear timeline / has seen work commence. LPG yield from refineries has been in the range of 4.54.9% over the last 10 years, and may decline with increasing focus of refiners on producing petrochemicals. LPG production is expected to increase ~1.5x (to 18.5mmtpa) by FY31, while imports could see an increase of ~2.7x (to 36.5mmtpa) over this period. The above scenario assumes that all of the refinery expansion projects would get commissioned by FY31; although, considering only those projects where work has already commenced, the estimated imports CAGR over FY2131 could be ~12%.

Aegis Logistics Ltd. is trading below its 30 day SMA of 785.9

Aegis Logistics Ltd.

25 Jun 2020

775.55

-1.25%

Japan confirms its scrapping US missile defense system

Business Standard

Japan's National Security Council has endorsed plans to cancel the deployment of two costly land-based U.S. missile defense systems aimed at bolstering the country's capability against threats from North Korea, the country's defense minister said Thursday. The council made its decision Wednesday, and now the government will need to enter negotiations with the U.S. about what to do with payments and the purchase contract already made for the Aegis Ashore systems. The council is expected to also revise Japan's basic defense plan later this year to update the missile defense program and scale up the country's defense posture. Defense Minister Taro Kono announced the plan to scrap the systems earlier this month after it was found that the safety of one of the two planned host communities could not be ensured without a hardware redesign that would be too time consuming and costly. The Japanese government in 2017 approved adding the two Aegis Ashore systems to enhance the country's curre

Aegis Logistics Ltd.'s price crossed below 100Day SMA today

Buy Aegis Logistics; target of Rs 245: Motilal Oswal

Moneycontrol | 25 Jun 2020

Aegis Logistics Ltd.

24 Jun 2020

775.55

-1.25%

Aegis Logistics Consolidated March 2020 Net Sales at Rs 1,241.65 crore, down 32.98% Y-o-Y

Moneycontrol

NULL

Aegis Logistics Ltd. has an average target of 795.00 from 1 broker.

Aegis Logistics Ltd.

23 Jun 2020

775.55

-1.25%

Normalcy to return in 2HFY21; strong growth likely in FY22

Buy: Aegis Logistics Ltd.

Motilal Oswal

23 June 2020 AGIS reported 4QFY20 EBITDA of INR930m (-10% YoY), 29% below est. on higher other expenditure and lower LPG throughput. The company recognized ESOP expenses of INR0.4b (in addition to INR1.9b for 9MFY20). It continues to take an INR20m commission provision toward the managing directors (in addition to INR60m for 9MFY20) in the other expenses for the quarter. Other income came in higher than estimated, resulting in PBT of INR860m (flat YoY and QoQ). Tax rate for the quarter stood at 45.8% as the company adopted the new lower tax rate (by realizing deferred tax assets). PAT for the quarter stood at INR341m (-45% YoY). EBITDA for Liquids increased 28% YoY to INR370m and EBITDA for Gas increased 37% YoY to INR1,220m in the quarter. AGIS operates 115 stations, and the company had earlier guided for ~200 stations over the next five years. In FY20, EBITDA stood at INR2.

Aegis Logistics Ltd. has an average target of 795.00 from 1 broker.

Aegis Logistics Ltd.

07 Apr 2020

775.55

-1.25%

Aegis Logistics Ltd.

Buy: Aegis Logistics Ltd.

Target

CD Equisearch

ected to reach USD 359 bn by 2025, witnessing a CAGR of 3.1% between 2019-25.. Rapid urbanization in emerging countries has triggered the growth of LPG market. The industrial sector, especially the...

Aegis Logistics Ltd.'s price crossed below 50Day SMA today

Aegis Logistics Ltd.

03 Feb 2020

775.55

-1.25%

Liquid utilization rises; Gas logistics to hit highs

Buy: Aegis Logistics Ltd.

Target

Motilal Oswal

3 February 2020 3QFY20 revenues were 13% higher than est. at INR21.7b (+64% YoY), led by boost in gas business revenues (LPG logistics volumes up 68% YoY and 28% QoQ). According to management, AGIS is expected to see gas throughput jump ~2.0mmtpa over the next two years (on base of 2.5mmtpa in FY19). We remain positive on the companys gas division and reiterate The company has recognized ESOP expenses of INR0.4b (in addition to INR1.5b in 2QFY20), which led to EBITDA miss of 18% at INR1.1b (v/s gain of INR0.9b in 3QFY19). Adjusting for the ESOP, EBITDA was 14% higher than est. The company has also taken INR20m provision for commissions to the Managing Director (totaling to INR60m for 9MFY20) in other expenses.