Aegis Vopak, Aegis Logistics shares jump 6%; what analysts said on near-term risk, LPG supply outlook

Aegis Vopak Terminals and parent company Aegis Logistics shares surged 6% during the trading session on Wednesday, June 10, on high volume demand among investors as the outlook for LPG business and imports now looks points towards a recovery.

While, the parent firm operates as a diversified conglomerate, Aegis Logistics subsidiary Aegis Vopak Terminals works as a port-based LPG and chemicals storage provider involved in supply chain logistics.

Aegis Logistics shares surged 6.4% to an intraday high of ₹832.90 during the market session on June 10, compared to ₹782.65 at the previous market close, according to the exchange data. Trading volumes surged past 4.6 million across the exchanges.

While, Aegis Vopak Terminals share price jumped 6% intraday to ₹203.04 during the trading session on Wednesday, compared to ₹191.67 at the previous market close, as per NSE data. Trading volumes surged past 1.7 million across exchanges fuelling high volume growth.

Market experts predict that although the near term outlook for the stocks remains at risk due to the LPG supply chain issues in the market, but the supply disruption is expected to normalise by the second quarter of the current fiscal.

What are near-term risks for Aegis Vopak?

Experts from Jefferies said that Aegis Vopak Terminals is expected to witness the effect of normalising LPG imports in India, however, in the near-term, the tensions remains heightened due to the percent of revenues derived from the business segment.

“Given 52% revenue mix from LPG-near-term risks remain,” said analysts from Jefferies.

With the government pursuing alternative import options from other world nations, the LPG imports are expected to normalise in the market once the West Asia conflict tensions ease cooling down the supply chain disruptions.

“Estimate 41% FY26-28E EBITDA CAGR led by 46% LPG volume CAGR from capacity additions that are on track and the Kandla-Gorakhpur LPG pipeline,” said Jefferies’ analysts in their recent note. “Stock at 29x FY27E EV/EBITDA is reasonable for strong EBITDA growth.”

Will LPG supply normalise in Q2 FY27?

Analysts from leading investment firm, JP Morgan, said that the LPG supply in the market is expected to normalise by the second quarter of the financial year ended 2026-27, while the energy shortfalls have eased from 50% in April to 30% in May 2026.

“Gas division profitability improvement largely driven by distribution segment,” JP Morgan analysts said in a note for Aegis Logistics.

Aegis Logistics also has diversified its LPG imports away from the West Asian countries, shifting to imports from Canada, the United States, Argentina and Nigeria among other key exporting regions.

The analyst firm expects the gas distribution volumes (including ammonia) for the company to increase to 2 metric tonne by the financial year ending 2027-28, as Aegis Logistics ramps up its volumes from its facilities in Mangalore, Haldia and Pipavav.

“Volumes will be strong in FY27 as a lot of multimodal evacuation will start kicking in from the JLPL and KGPL projects,” said the analysts.

How have the shares performed?

Aegis Vopak Terminals have lost 22% in the last one year, and have dropped 21% so far in the calendar year 2026, according to NSE data. The company’s shares have lost 6.2% in the last one month, but the stock was trading 2.5% higher in the last one week.

The company’s market capitalisation (m-cap) was at ₹21,992 crore as of the trading session on Wednesday, June 10, 2026.

Meanwhile, Aegis Logistics shares have delivered more than 115% returns in the last five years, 136% gains in the last three years, and 1.2% returns in the last one year, as per the exchange data.

So far in 2026, Aegis Logistics stock was up 13% and have gained 12% in the last one month, according to NSE data. The company’s stock were trading 6.6% higher in the last five market sessions.

The company’s market capitalisation (m-cap) was at ₹28,478 crore as of the trading session on Wednesday, June 10.