Friday, March 29, 2013

AEGIS LOGISTICS - BUY



 


















 
Aegis Logistics is one of the largest private sector chemical,gas and oil logistics company operating in India.Currently company having two liquid terminals in operation at Mumbai and one at Cochin and it is also starting  one more at Pipavav. Recently company started the civil works for its Pipavav facility and on completion of this the total liquid terminal capacity will reach close to 500000 KL.Under the Gas division ,company offering gas transportation for third parties,running Auto Gas retailing Stations and supplying  commercial LPG Cylinders.Aegis having a capacity to handle 750000 Mt of LPG per annum in its facilities. Presently company operating more than 90 auto gas filling stations ( Aegis Autogas)  across 7 states and planning to add another 30 in near future.Aegis already established direct pipeline connectivity with its major industrial customers and its year long experience in this field is very crucial and positive factor in an  industry like this where lot of procedures and formalities are required to get permission from government authorities to start with.In 2012 company started bunker fuels to ships and planning to introduce the same facility at more locations.For the past few quarters company’s financial performance negatively affected by hedging loss which is expected to end by the new financial year.Moreover , government's decision to restrict the supply of subsidised gas will boost the prospects of its various business divisions. Company having an uninterrupted dividend paying record for the past 10 years and reporting decent numbers. I believe .company’s decisions to expand its  capacity adding new offerings in its portfolio and changing government policies will auger well for Aegis once there is some improvement in the over all revival in our economy. Recommending a BUY on Aegis in a staggered manner with a long term view at  CMP or in any dip below CMP of Rs.125. 

Link to company website HERE

Link to latest AR HERE  
Disc : I have vested interest in A.L.L.


26 comments :

  1. Sir, what do you think of Reliance Capital around 300/-?

    ReplyDelete
    Replies
    1. Generally not tracking high volume stocks.

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  2. What's your view on midcaps like HSIL, Crompton Greaves and Cox & kings?

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    Replies
    1. crompton greaves looks good for long term..

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    2. Positive on HSIL and Crompton for long term,not tracking Cox & Kings

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  3. Hello VP Sir,

    Do you like Entertainment Network India Limited for the long term?

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  4. This comment has been removed by the author.

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  5. Sir whts ur view on sel manufacturing ltd.

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  6. VP ji, which one would you prefer most out of these two for better gains:
    1. Selan Exploration
    2. Cairn India

    I cant invest in both being small investor. So seeking your views.

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    Replies
    1. Compared with Cairn ,selan may be a high risk high profit one.

      Delete
  7. Hello Sir,

    May I know your view on Godavari & Ispat Limited? Has it corrected because of the recent mid-cap carnage and overall negative sentiment in metal space? When could we expect things to improve?

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  8. Dear sir,

    At current cmp denora a buy?

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    Replies
    1. DEnora is a stock to be shifted to new trading method from 8th of this month.Let us wait and see the impact and take a decision only after that.

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  9. hy. VP sir..i have 1 piccadillyagro2sumedha3sumeetind,. can i hold or sell.i can hold for 8years kindly reply..madhu

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    Replies
    1. I feel better choices are available post currection

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  10. VP sir, can you give your opinion on guj alkalies...

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  11. Hello Sir, it's an Honour writing to you.
    Can please share your views on 3i Infotech.
    Regards,
    Your Sincere Follower.

    ReplyDelete
  12. Respected Sir
    Could You please suggest me that i should invest in Parabolic Drug or not?

    ReplyDelete
    Replies
    1. Prefer Granules,Aurobindo and JB Chem from micro cap pharma space.

      Delete
  13. sir your view on singer india
    thank u

    ReplyDelete
    Replies
    1. Not sure about the scalability of Singer India 's main business.

      Delete

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