Aegis Vopak Terminals
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Aegis Vopak Terminals Limited's management has articulated a robust growth strategy, underpinned by a substantial $5 billion capex roadmap aimed at expanding capacity across multiple ports and diversifying into new products like ammonia. This strategic focus is expected to drive revenue growth, with management projecting throughput growth of 30-40% year-on-year for FY27. Vista's financial outlook aligns with this optimism, forecasting moderated revenue growth but recognizing the potential for long-term value creation through disciplined capital allocation and operational efficiency. The company's stable balance sheet supports its ambitious expansion plans, while the logistics sector's improving pricing power and favorable government policies provide a conducive backdrop for growth. However, potential headwinds include geopolitical tensions affecting LPG import volumes and rising operational costs. Over the next 12-24 months, Aegis Vopak's strategic initiatives, including the commissioning of India's first independent ammonia terminal, present significant opportunities, while the need to navigate external market pressures remains a critical watchpoint
Why We Like This Stock
- Management's $5 billion capex roadmap supports significant capacity expansions and diversification into ammonia, enhancing long-term growth prospects
- Projected throughput growth of 30-40% year-on-year for FY27 indicates strong demand and operational efficiency
- Favorable government policies and improving pricing power in the logistics sector bolster the company's competitive position
Things To Watch Out For
- Geopolitical tensions in the Middle East may temporarily impact LPG import volumes, affecting revenue stability
- Rising operational costs could pressure margins, challenging profitability in the near term
- The need to navigate regulatory compliance and market volatility may pose risks to execution of growth strategies
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 562 | 621 | 923 | 1,104 | 1,393 |
| Profit Before Tax (Cr.) | 121 | 165 | 406 | 525 | 650 |
| PBT Margin | 21.5% | 26.6% | 4398.7% | 47.6% | 46.7% |
| Net Profit (Cr.) | 90 | 159 | 342 | 441 | 546 |
| Earnings Per Share | 0.8 | 1.4 | 3.1 | 4.0 | 4.9 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| JMFinancials | ▲ Buy | 330 | 29-May-2026 |
| Jeffries | ▲ Buy | 240 | 10-Jun-2026 |
Company Overview
Show Company Profile
Aegis Vopak Terminals Limited engages in the business of storage and terminalling facilities for LPG and chemical products in India. The company operates through Gas Terminal Division and Liquid Terminal Division segments. It is involved in the storage and handling of liquified petroleum gas, oil, liquid chemical, petrochemical, gas, petroleum, bitumen, and vegetable oil products. The company was formerly known as Aegis LPG Logistics (Pipavav) Limited and changed its name to Aegis Vopak Terminals Limited in August 2021. Aegis Vopak Terminals Limited was incorporated in 2013 and is based in Mumbai, India.