The harsh portfolio!

[harsh.beria93]

The harsh portfolio!

Here is my speculation about Aegis. Projections as on 29.10.2021 Gas logistics + liquid + new business: o Gas logistics volumes should grow from 3mn MT in FY20/21 to 7mn MT in FY25 and EBITDA of 1000/ton should make EBITDA ~ 700 cr. o Liquid EBITDA should increase at 10% from 173 cr. in FY21 to 250 cr. in FY25 o New business: I am assuming they get 100 cr. EBITDA from newer ventures with Vopak o EBITDA ~ 1050 cr., assume they get 60% share (Mumbai operation is completely theirs and has hi…

Aegis Logistics - Can It Be Exception?

Q1 FY21 UPDATE Liquid Business The liquid business was very good in Q1. The business model in this business is based on fees for storage tanks. Even though there was less economic activity, companies still needed storage tanks to store chemicals etc. The company is doing liquid business for 40 years and there are 50-60 clients like traders, chemical companies etc. This business does not have client concentration risk as gas business. The main advantage company has is land/infrastructure at pr…

Aegis Logistics: Resurgent Growth (?)