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Last Updated on: 15 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Aegis Logistics Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 15, 2024, 11:58 pm

Market Cap 15,184 Cr.
Current Price 433
High / Low472/280
Stock P/E29.5
Book Value 104
Dividend Yield1.33 %
ROCE15.9 %
ROE15.9 %
Face Value 1.00
PEG Ratio0.78

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Aegis Logistics Ltd

Competitors of Aegis Logistics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Flomic Global Logistics Ltd 124 Cr. 68.093.7/61.0185 23.90.00 %8.64 %5.18 % 10.0
DJ Mediaprint & Logistics Ltd 389 Cr. 120142/42.764.5 10.30.06 %19.0 %16.2 % 10.0
Delhivery Ltd 30,382 Cr. 410488/354 1240.00 %1.73 %2.94 % 1.00
Chartered Logistics Ltd 108 Cr. 10.912.6/4.6549.5 4.520.00 %4.43 %0.36 % 1.00
Cargotrans Maritime Ltd 30.6 Cr. 75.099.0/50.816.9 34.00.00 %18.7 %14.0 % 10.0
Industry Average5,593.23 Cr252.0598.2666.370.30%9.98%15.26%6.88

All Competitor Stocks of Aegis Logistics Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,5461,0116786351,2142,1042,2352,1512,0872,1542,1011,2351,873
Expenses1,4289115734981,0651,9602,1511,9821,8711,9521,9051,0271,662
Operating Profit11810010513714914385169216203196208212
OPM %8%10%16%22%12%7%4%8%10%9%9%17%11%
Other Income10158981486181964374445
Interest444441010252725302730
Depreciation18181919212129333429333434
Profit before tax1069290124132126131128174212170192192
Tax %26%24%20%18%17%19%18%21%18%25%22%22%21%
Net Profit787072101109102107101143159133150152
EPS in Rs2.061.861.902.692.902.702.952.663.574.013.303.623.71

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4,4633,9815,0293,9152,2123,9304,7915,6167,1833,8434,6318,6277,577
Expenses4,4674,0814,9213,7712,0263,7274,5255,2456,9063,4564,0967,9556,754
Operating Profit-4-100108144185204266371277388535672823
OPM %-0%-3%2%4%8%5%6%7%4%10%12%8%11%
Other Income10423213428688333739187165
Interest426018201816152633172288109
Depreciation1719222323243451697279126131
Profit before tax415380142153169225302208336472645748
Tax %45%34%14%21%17%21%5%17%35%26%18%21%
Net Profit223569112126133214252134249385511585
EPS in Rs0.591.011.833.103.393.575.926.632.936.3610.1913.1914.50
Dividend Payout %34%37%29%24%27%29%21%21%58%31%25%44%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)59.09%97.14%62.32%12.50%5.56%60.90%17.76%-46.83%85.82%54.62%32.73%
Change in YoY Net Profit Growth (%)0.00%38.05%-34.82%-49.82%-6.94%55.35%-43.15%-64.58%132.65%-31.20%-21.89%

Aegis Logistics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital33333333333333333435353535
Reserves2582763173944718041,1741,3581,6211,9012,1453,4973,610
Borrowings2,1093322412181882863042392537348351,9242,359
Other Liabilities5563642952912068717037159823719461,6131,190
Total Liabilities2,9571,0058869378991,9942,2142,3452,8903,0423,9617,0697,194
Fixed Assets2382954264544727481,2821,3291,6991,7112,3763,6613,766
CWIP6383353473313126121220488253412567
Investments23161121000107002040
Other Assets2,6336114134283549338068859648441,3332,7922,862
Total Assets2,9571,0058869378991,9942,2142,3452,8903,0423,9617,0697,194

Reserves and Borrowings Chart

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-6.00-432.00-133.00-74.00-3.00-82.00-38.00132.0024.00-346.00-300.00671.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days43271519166626152395835
Inventory Days122222222697
Days Payable42281519156932352396342
Cash Conversion Cycle21223-2-3-183631
Working Capital Days12000-1-10-12-21-191810
ROCE %6%7%16%21%24%20%18%20%13%15%17%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters57.74%57.74%58.07%58.07%58.07%58.07%58.07%58.07%58.07%58.07%58.10%58.10%
FIIs14.78%14.96%16.12%15.52%15.03%15.11%15.46%16.40%18.04%18.34%18.87%17.97%
DIIs2.31%1.91%1.10%0.94%2.18%2.36%3.39%3.77%3.57%3.70%4.53%5.08%
Public25.16%25.38%24.71%25.47%24.72%24.46%23.06%21.76%20.31%19.88%18.50%18.83%
No. of Shareholders48,99455,66269,07179,34483,19581,81877,63176,36671,85069,13860,39560,275

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund5,267,1341.75195.913,189,8002024-10-1365.12%
Quant Active Fund3,821,6882.13142.153,189,8002024-10-1319.81%
HSBC Small Cap Fund - Regular Plan3,189,8000.93118.643,189,8002024-10-130%
HSBC Infrastructure Fund1,218,3002.3245.313,189,8002024-10-13-61.81%
HSBC Flexi Cap Fund765,8000.7628.483,189,8002024-10-13-75.99%
L&T Flexicap Fund - Regular Plan605,5560.6518.833,189,8002024-10-13-81.02%
HSBC Business Cycles Fund467,2002.5717.383,189,8002024-10-13-85.35%
HSBC Midcap Fund432,5000.1816.093,189,8002024-10-13-86.44%
HSBC Multi Cap Fund377,3000.6914.033,189,8002024-10-13-88.17%
360 ONE FlexiCap Fund94,0001.193.53,189,8002024-10-13-97.05%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)16.2213.1910.196.492.94
Diluted EPS (Rs.)16.2213.1910.196.362.84
Cash EPS (Rs.)23.0018.1313.239.145.97
Book Value[Excl.RevalReserv]/Share (Rs.)127.10115.2864.4558.2751.37
Book Value[Incl.RevalReserv]/Share (Rs.)127.10115.2864.4558.2751.37
Revenue From Operations / Share (Rs.)200.71245.76131.92109.49211.45
PBDIT / Share (Rs.)31.6924.4616.3312.099.11
PBIT / Share (Rs.)27.8320.8814.0610.057.08
PBT / Share (Rs.)24.5418.3713.459.566.11
Net Profit / Share (Rs.)19.1514.5510.977.103.94
NP After MI And SOA / Share (Rs.)16.2113.1910.186.362.93
PBDIT Margin (%)15.789.9512.3711.044.30
PBIT Margin (%)13.868.4910.669.183.35
PBT Margin (%)12.227.4710.198.732.88
Net Profit Margin (%)9.545.918.316.481.86
NP After MI And SOA Margin (%)8.075.367.725.811.38
Return on Networth / Equity (%)14.6113.1016.4011.536.01
Return on Capital Employeed (%)13.8912.1517.2213.6911.16
Return On Assets (%)7.056.468.867.243.40
Long Term Debt / Equity (X)0.360.270.020.050.02
Total Debt / Equity (X)0.420.280.170.170.13
Asset Turnover Ratio (%)0.920.920.440.270.41
Current Ratio (X)2.732.441.011.191.11
Quick Ratio (X)2.672.300.931.091.06
Interest Coverage Ratio (X)9.619.7326.3524.529.34
Interest Coverage Ratio (Post Tax) (X)6.816.7918.7015.405.05
Enterprise Value (Cr.)16102.2013547.577529.0610568.794774.90
EV / Net Operating Revenue (X)2.291.571.632.750.66
EV / EBITDA (X)14.4815.7813.1424.9015.43
MarketCap / Net Operating Revenue (X)2.221.541.562.720.65
Price / BV (X)4.023.773.315.402.86
Price / Net Operating Revenue (X)2.221.541.562.720.65
EarningsYield0.030.030.040.020.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Aegis Logistics Ltd as of October 15, 2024 is: ₹494.30

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of October 15, 2024, Aegis Logistics Ltd is Undervalued by 14.16% compared to the current share price ₹433.00

Intrinsic Value of Aegis Logistics Ltd as of October 15, 2024 is: ₹680.60

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 15, 2024, Aegis Logistics Ltd is Undervalued by 57.18% compared to the current share price ₹433.00

Last 5 Year EPS CAGR: 37.69%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.08%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 0.33, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of 0.00, which is a positive sign.
  4. The company has higher reserves (1,371.23 cr) compared to borrowings (770.92 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (4.46 cr) and profit (274.92 cr) over the years.

    Stock Analysis

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Aegis Logistics Ltd:
      1. Net Profit Margin: 9.54%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 13.89% (Industry Average ROCE: 9.98%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 14.61% (Industry Average ROE: 15.26%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 6.81
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 2.67
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. Stock P/E: 29.5 (Industry average Stock P/E: 98.26)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. Total Debt / Equity: 0.42
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating:

    About the Company - Qualitative Analysis

    Aegis Logistics Ltd. is a Public Limited Listed company incorporated on 30/06/1956 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L63090GJ1956PLC001032 and registration number is 001032. Currently Company is involved in the business activities of Storage and warehousing[includes general merchandise warehouses and warehousing of furniture, automobiles, gas and oil, chemicals, textiles etc. also included is storage of goods in foreign trade zones]. Company’s Total Operating Revenue is Rs. 1227.98 Cr. and Equity Capital is Rs. 35.10 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Logistics - Warehousing/Supply Chain/Others502, Skylon, G.I.D.C., Valsad District Gujarat 396195secretarial@aegisindia.com
    http://www.aegisindia.com
    Management
    NamePosition Held
    Mr. Raj K ChandariaChairman & Managing Director
    Mr. Amal R ChandariaDirector
    Mr. Lars Erik JohanssonDirector
    Ms. Tasneem AliDirector
    Mr. Kanwaljit S NagpalDirector
    Mr. Rahul D AsthanaDirector
    Mr. Raj Kishore SinghDirector
    Mr. Jaideep D KhimasiaDirector

    FAQ

    What is the latest fair value of Aegis Logistics Ltd?

    The latest fair value of Aegis Logistics Ltd is ₹494.30.

    What is the Market Cap of Aegis Logistics Ltd?

    The Market Cap of Aegis Logistics Ltd is 15,184 Cr..

    What is the current Stock Price of Aegis Logistics Ltd as on 20 August 2024?

    The current stock price of Aegis Logistics Ltd as on 20 August 2024 is 433.

    What is the High / Low of Aegis Logistics Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Aegis Logistics Ltd stocks is 472/280.

    What is the Stock P/E of Aegis Logistics Ltd?

    The Stock P/E of Aegis Logistics Ltd is 29.5.

    What is the Book Value of Aegis Logistics Ltd?

    The Book Value of Aegis Logistics Ltd is 104.

    What is the Dividend Yield of Aegis Logistics Ltd?

    The Dividend Yield of Aegis Logistics Ltd is 1.33 %.

    What is the ROCE of Aegis Logistics Ltd?

    The ROCE of Aegis Logistics Ltd is 15.9 %.

    What is the ROE of Aegis Logistics Ltd?

    The ROE of Aegis Logistics Ltd is 15.9 %.

    What is the Face Value of Aegis Logistics Ltd?

    The Face Value of Aegis Logistics Ltd is 1.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aegis Logistics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE