AEGISVOPAK
Aegis Vopak Terminals share price & financials
- Price
- ₹271.24
- Market cap
- ₹29.9k Cr
- Sector
- Oil, Gas & Consumable Fuels
- Calls analysed
- 5
Aegis Vopak Terminals Limited Q1 FY27
What went well
- Revenue from operations increased 12.4% year-on-year to INR 233.8 crores, reflecting healthy business momentum.
- Liquid terminaling business demonstrated strong growth of 31% year-on-year, contributing INR 126.5 crores.
- Operating EBITDA rose 15.6% year-on-year to INR 179.4 crores, achieving a robust EBITDA margin of 76.7%.
What to watch
- Gas terminaling revenue declined 3.5% year-on-year to INR 107.2 crores, attributed to geopolitical disruptions affecting national oil companies' sourcing and shipping.
What Aegis Vopak Terminals Limited does
Aegis Vopak Terminals Limited owns and operates tank storage terminals at Indian ports, offering secure storage and associated handling infrastructure for petroleum, chemicals, lubricants, vegetable oil and LPG (propane and butane) on behalf of third-party customers such as oil marketing companies, MNCs and specialty-chemical traders. It earns terminalling fees for storing and handling these products, with tanks connected via self-owned pipelines to jetties and multimodal (road, rail, pipeline) evacuation infrastructure. The company is a joint venture between Aegis Logistics (India) and Royal Vopak (Netherlands), and is also building out an ammonia storage terminal to diversify into new gases.
Segments
- Liquid Terminalling
- Gas Terminalling
- Ammonia (upcoming)
- Ports with existing facilities
- 6
- Operating tank terminals
- 22
- Liquid storage capacity
- 1.7 mn cbm
- LPG static storage capacity
- 225,800 MT
- Chemical products handled
- 30+ categories/classes, plus 10+ edible & non-edible oil products
- Designed tank life
- ~40 years
Guidance record · Q1 FY27
what the last two calls moved 21 tracked 0 delivered 2 missed 19 open- Post-tax IRR went quiet said Q1 FY26 Promised: 15% post-tax Q1 FY27: Not addressed in the earnings call.
- Ammonia Terminal Commissioning delayed said Q1 FY26 Promised: Q1 FY27 Q1 FY27: No specific commissioning date provided, but management discussed utilization targets for the 'first full year of operation', implying it is still upcoming. The original Q1 FY27 deadline has passed.
- Aggregate Capital Expenditure on track said Q1 FY26 Promised: $5 billion by 2030 Q1 FY27: But we, I think still remain very, very positive on that $5 billion capex objective that we have to complete by 2030-'31.
All 21 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 12.5%, net profit down 12.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 149 | 162 | 199 | 208 | 188 +26% | 239 +48% | 243 +22% | 234 +13% |
| EBITDA | 109 | 119 | 144 | 155 | 137 +26% | 179 +50% | 179 +24% | 179 +15% |
| Net profit | 22 | 38 | 64 | 79 | 54 +145% | 89 +134% | 74 +16% | 69 −13% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +18.1% 1Y
1Y: ₹249.86 on 10 Sept 2025 → ₹295.1. High ₹303.49 (27 Jul 2026), low ₹161.65 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.9%
- 14 Aug
- Q4 FY26
- +4.0%
- 9 Jun
- Q3 FY26
- +3.3%
- 30 Jan
- Q2 FY26
- +0.7%
- 7 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 32.2% a year over 1 year, FY25 to FY26. Operating margin widened to 74.0%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹664 Cr | ₹878 Cr |
| Operating profit | ₹486 Cr | ₹650 Cr |
| Operating margin | 73.2% | 74.0% |
| Interest | ₹193 Cr | ₹109 Cr |
| Depreciation | ₹132 Cr | ₹203 Cr |
| Net profit | ₹150 Cr | ₹296 Cr |
| Net margin | 22.6% | 33.7% |
| Cash from operations | ₹576 Cr | ₹702 Cr |
| Free cash flow | ₹441 Cr | ₹3 Cr |
| ROCE | 9.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1.1k Cr | ₹1.1k Cr |
| Reserves | ₹1 Cr | ₹952 Cr | ₹996 Cr | ₹3.6k Cr | ₹3.2k Cr |
| Borrowings | ₹98 Cr | ₹2.4k Cr | ₹3.3k Cr | ₹2.0k Cr | ₹3.7k Cr |
| Other liabilities | ₹2 Cr | ₹152 Cr | ₹253 Cr | ₹326 Cr | ₹400 Cr |
| Total liabilities | ₹103 Cr | ₹3.5k Cr | ₹4.5k Cr | ₹7.1k Cr | ₹8.4k Cr |
| Fixed assets | ₹20 Cr | ₹3.0k Cr | ₹3.5k Cr | ₹6.3k Cr | ₹6.7k Cr |
| Capital work in progress | ₹8 Cr | ₹152 Cr | ₹53 Cr | ₹139 Cr | ₹210 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹75 Cr | ₹297 Cr | ₹980 Cr | ₹665 Cr | ₹1.6k Cr |
| Total assets | ₹103 Cr | ₹3.5k Cr | ₹4.5k Cr | ₹7.1k Cr | ₹8.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −0.52 pp while the public added +0.51 pp. The shareholder count shrank 12% to 50,411.
- Promoters
- 86.9%
- FIIs
- 5.3%
- DIIs
- 5.3%
- Public
- 2.4%
Since Jun 2025
- FIIs −0.52 pp
- Public +0.51 pp
- DIIs +0.01 pp
How it drifted, 5 quarters
Ownership split by quarter, oldest first. Jun '25: Promoters 86.9%, FIIs 5.9%, DIIs 5.3%, Public 1.9%.Sep '25: Promoters 86.9%, FIIs 6.1%, DIIs 5.0%, Public 1.9%.Dec '25: Promoters 86.9%, FIIs 6.0%, DIIs 5.0%, Public 2.1%.Mar '26: Promoters 86.9%, FIIs 5.9%, DIIs 4.9%, Public 2.3%.Jun '26: Promoters 86.9%, FIIs 5.3%, DIIs 5.3%, Public 2.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Aegis Vopak Terminals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Aegis Logistics Limited | 44.71% | unchanged |
| Vopak India B V | 42.23% | unchanged |
| Government Pension Fund Global Sovereign | 1.81% | unchanged |
| 360 One Special Opportunities Fund - Series 12 Mutual fund | 1.09% | unchanged |
| Vopak North America Inc | 0.00% | unchanged |
| Dutchtown Holding LLC | 0.00% | unchanged |
| Pakhoed Dry Bulk Terminals Inc | 0.00% | unchanged |
| Vopak Development North America Inc | 0.00% | unchanged |
| Vopak Logistics Services USA Inc | 0.00% | unchanged |
| Vopak New Energies America Inc | 0.00% | unchanged |
| Vopak Terminals North America Inc | 0.00% | unchanged |
| Vopak Terminal Deer Park Inc | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in AEGISVOPAK
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.04 L shares (+0.1%).
- Held by funds
- ₹108 Cr
- 7 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹85 Cr · 0.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹85 Cr | held | May '25 |
| HDFC Transportation and Logistics Fund HDFC Mutual Fund | ₹12 Cr | held | May '25 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹6 Cr | +0.03 L | Sep '25 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹3 Cr | +0.01 L | Oct '25 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '25 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Oct '25 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +4,135 shares (+0.1%)
- Funds are sitting on
- +37%
- vs est. average cost
- Held by funds
- ₹108 Cr
- 7 schemes · ≈ 0.34% of the company
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹85 Cr · 0.1% of that fund
Shares held by these funds −41%
May '25 37.50 L shares Jul '26
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Aegis Vopak Terminals Limited
Guides on how to read this kind of business and the numbers that matter.