Aegis Vopak Terminals
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Aegis Vopak Terminals is at a pivotal juncture, transitioning into a comprehensive multimodal logistics provider, which is expected to drive significant revenue growth. Management's aggressive $5 billion capex plan focuses on expanding liquid and LPG capacities across key ports, enhancing terminal utilization through integrated pipelines and rail gantries. This strategic shift, coupled with long-term take-or-pay contracts, positions the company favorably against geopolitical risks. Vista's financial outlook anticipates robust throughput growth of 30-40% year-on-year for FY27, supported by the commissioning of India's first independent ammonia terminal and strategic diversification into new products. However, while the logistics sector is expanding, rising operational costs and geopolitical tensions remain watchpoints. Overall, Aegis Vopak's proactive approach to scaling infrastructure and diversifying its offerings underpins Vista's positive investment recommendation, with an expected upside of 42% over the next 12-24 months
Why We Like This Stock
- Aggressive $5 billion capex plan aimed at expanding liquid and LPG capacities across multiple ports
- Long-term take-or-pay contracts provide revenue stability and mitigate risks from geopolitical tensions
- Projected throughput growth of 30-40% year-on-year for FY27, driven by strategic diversification into ammonia and other products
Things To Watch Out For
- Rising operational costs and geopolitical tensions could impact margins and throughput
- Execution risks associated with large-scale infrastructure projects may pose challenges
- The logistics sector's overall demand may be affected by a slowdown in the domestic aviation sector
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 562 | 621 | 923 | 1,105 | 1,374 |
| Profit Before Tax (Cr.) | 121 | 165 | 406 | 467 | 586 |
| PBT Margin | 21.5% | 26.6% | 44.0% | 42.2% | 42.7% |
| Net Profit (Cr.) | 90 | 159 | 342 | 392 | 493 |
| Earnings Per Share | 0.8 | 1.4 | 3.1 | 3.5 | 4.4 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Jeffries | ► Hold | 280 | 17-Aug-2026 |
| JMFinancials | ▲ Buy | 330 | 29-May-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 engages in the storage and handling of liquified petroleum gas, oil, chemicals, 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.