Oil, gas & LPG logisticsHistorical case study · data as of 22 Jul 2026 · published 25 Oct 2026 (95 days later)
Aegis Logistics — 100-point case study
How Aegis Logistics looked on 50 technical and 50 fundamental measures on 22 Jul 2026 — and what happened over the next three months. Education only; not a current view.
Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance
Data note: Screener's consolidated net profit includes the share of minority interest, so it is higher than the profit attributable to shareholders quoted in some news reports.
Technical analysis — 50 points
Calculated by code from daily prices up to 22 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).
How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →
A. Trend
#
Point
Reading
Tag
Commentary
1
Short-term trend (20 days)
slope +0.74%/day
Bullish
Over the last 20 sessions the regression line of closing prices was rising about 0.74% a day — a short-term uptrend.
Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2
Medium-term trend (~5 months)
3M return +85.8%
Bullish
The 100-session trend line was up (+0.89%/day) and the stock was +85.8% over three months, so the medium-term picture was bullish.
Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3
Long-term trend (1 year)
1Y return +79.7%
Bullish
Compared with a year earlier the price was +79.7%. A strong positive year.
Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4
Weekly chart trend
10W 1,060.81 / 30W 805.65
Bullish
On the weekly chart the stock showed a weekly close above a rising 10-week and 30-week average stack.
Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5
Swing structure (highs/lows)
last highs 792.30→1,423.50; lows 646.05→1,164.40
Bullish
The two most recent swing points showed higher swing highs and higher swing lows — classic uptrend structure.
Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6
ADX (14) — trend strength
52.9
Bullish
ADX at 52.9 shows a strong trend in force. ADX measures strength only, not direction.
Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7
+DI vs –DI
+DI 25.9 / –DI 13.6
Bullish
+DI was above –DI: upward price pressure outweighed downward pressure.
Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.
B. Moving averages
#
Point
Reading
Tag
Commentary
8
Price vs 20-day SMA
1,276.73 (+5.8%)
Bullish
Close of 1,351.30 was 5.8% above the 20-day SMA — the short-term trend filter was positive.
Bullish close above the average · Bearish close below the average · No neutral zone.
9
Price vs 50-day SMA
995.70 (+35.7%)
Bullish
Close of 1,351.30 was 35.7% above the 50-day SMA — the medium-term trend filter was positive.
Bullish close above the average · Bearish close below the average · No neutral zone.
10
Price vs 200-day SMA
788.19 (+71.4%)
Bullish
Close of 1,351.30 was 71.4% above the 200-day SMA — the long-term trend filter was positive.
Bullish close above the average · Bearish close below the average · No neutral zone.
11
9 / 21 EMA crossover
9E 1,318.03 / 21E 1,241.60
Bullish
The 9-day EMA was above the 21-day EMA; the last crossover happened on 19 May 2026.
The 50-day average was 26.3% above the 200-day. The most recent signal was a golden cross on 17 Jun 2026.
Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13
50-day SMA slope
+30.0% in 20 sessions
Bullish
The 50-day average rose 30.0% over the past month — rising.
Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14
MA ribbon alignment
1,277 / 996 / 828 / 788
Bullish
The 20/50/100/200-day averages were perfectly stacked bullish (20 > 50 > 100 > 200).
Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15
Monthly anchored VWAP
1,308.57 (+3.3%)
Bullish
Anchored to the start of July, the volume-weighted average price was 1,308.57; the close was above it — buyers that month were on average in profit.
Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.
C. Momentum
#
Point
Reading
Tag
Commentary
16
RSI (14)
63.3
Bullish
RSI at 63.3 showed positive momentum without being overbought.
Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17
RSI divergence (last 40 days)
none
Neutral
Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price.
Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18
MACD line vs signal
MACD 96.03 / signal 106.51
Bearish
MACD was below its signal line — momentum turning or staying negative.
Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19
MACD histogram (5-day change)
-12.29 → -10.48
Bullish
The histogram rose over the last five sessions, meaning momentum was improving.
Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.
D. Volatility
#
Point
Reading
Tag
Commentary
25
Bollinger Band position (%B)
%B 0.71 (bands 1,098.69–1,454.77)
Neutral
%B of 0.71 — inside the bands, upper half.
How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26
Bollinger width / squeeze
width 27.9% (68th pct of 6M)
Neutral
Band width was at the 68th percentile of the last six months, a normal level.
How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27
ATR (14)
₹81.07 (6.0% of price)
Neutral
A typical day's range was about ₹81.07, or 6.0% of the price — useful for judging how much 'normal noise' to expect.
How to read: Information only. A higher % means bigger normal daily swings.
28
Historical volatility (30-day)
74.1% vs 1Y 43.9%
Caution
Annualised 30-day volatility was 74.1%, well above the one-year level of 43.9%.
How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29
Keltner Channel (20, 2×ATR)
1,076.98–1,420.51
Neutral
The close was inside the channel, so no volatility breakout.
Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30
Beta vs Nifty 50 (1Y daily)
1.31
Neutral
A beta of 1.31 means the stock tended to move more than the Nifty 50 day to day.
How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.
E. Volume & money flow
#
Point
Reading
Tag
Commentary
31
Volume vs 20-day average
last day 0.58× / 5-day 0.75×
Neutral
The final session traded 0.58× its 20-day average volume and the last five sessions averaged 0.75× — lighter than usual participation.
How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32
Up-day vs down-day volume (20d)
ratio 1.71
Bullish
Average volume on up days was 1.71× that on down days — accumulation-leaning.
Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33
On-Balance Volume (20d)
OBV rising
Bullish
OBV rose over the month while price rose — volume confirmed the price move.
Measuring the 6-month rise from 576.10 to 1,434.50, the close was nearest the 23.6% retracement at 1,231.92.
How to read: Information only.
42
52-week high / low
H 1,434.50 / L 576.10
Neutral
The close was 5.8% below the 52-week high and 134.6% above the 52-week low.
Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43
Unfilled price gaps (6M)
4 open; latest gap-up 10 Jun at 785.50
Neutral
There were 4 unfilled gap(s). The latest, a gap-up on 10 Jun 2026, left an open level at 785.50 that price had not revisited.
How to read: Information only.
G. Patterns
#
Point
Reading
Tag
Commentary
44
Price structure / chart pattern
rising channel
Bullish
Rule-based pattern scan: rising channel — successive higher highs and lows. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.)
Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45
Breakout / breakdown (20-day)
range 1,043.95–1,434.50
Neutral
The close was inside the prior 20-day range of 1,043.95–1,434.50.
Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46
Latest candlestick
Inside bar
Neutral
On 22 Jul the candle opened 1,340.00, ranged 1,321.30–1,368.00 and closed 1,351.30: Inside bar — range contraction. Single candles are weak signals on their own.
Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
Price was above the cloud and the Tenkan line was above the Kijun line — a bullish Ichimoku setup.
Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.
H. Relative strength & summary
#
Point
Reading
Tag
Commentary
48
Relative strength vs Nifty 50
1M +26.8% / 3M +88.2%
Bullish
The stock outperformed the Nifty 50 by 88.2 points over three months and outperformed by 26.8 points over one month.
Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49
Relative strength vs Nifty 50 (6M)
6M +93.3%
Bullish
No sector index in today's data set, so we show the 6-month comparison instead: 93.3 points ahead of the Nifty 50.
Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50
Technical summary
28 bullish · 2 bearish · 18 neutral · 1 caution
Bullish
Across the 49 readings the technical picture leaned positive. Levels that mattered: support 1,164.40, resistance 1,423.50. This is a description of the chart on 22 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell.
Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.
Fundamental analysis — 50 points
Uses only results published by 22 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Jun 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 22 Jul 2026 close.
How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →
A. Valuation
#
Point
Reading
Tag
Commentary
1
P/E (trailing 12 months)
42.9×
Neutral
At ₹1,351.30 the market valued the company at about ₹47,455 crore, or 42.9× the ₹1,107 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth.
How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2
Price / Book
7.84×
Neutral
Market cap was 7.84× the Mar 2026 book value (equity + reserves) of ₹6,055 crore.
How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3
Price / Sales
5.70×
Neutral
The company was valued at 5.70× its trailing-12-month sales of ₹8,332 crore.
How to read: Information only.
4
EV / EBITDA (approx.)
35.5×
Neutral
Enterprise value (market cap + ₹4,150 cr borrowings; cash not netted) was 35.5× trailing operating profit of ₹1,452 crore.
How to read: Information only. Lower means cheaper relative to operating profit.
5
Earnings yield
2.3%
Neutral
The inverse of P/E: each ₹100 invested bought about ₹2.3 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds.
How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6
PEG (P/E ÷ 3-yr profit CAGR)
1.46
Neutral
P/E of 42.9 divided by 3-year profit growth of 29.4% a year gives a PEG of 1.46. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Note: revenue jumped more than 40% in Mar 2023, which usually signals a merger or acquisition — multi-year growth rates are inflated by it.
Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7
Dividend yield (trailing 12M)
0.50%
Neutral
Dividends with ex-dates in the 12 months to the snapshot totalled ₹6.7 a share, a 0.50% yield on the ₹1,351.30 price.
Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8
Market capitalisation
₹47,455 cr
Neutral
At about ₹0.47 lakh crore the company was a mid-cap.
How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9
Graham number vs price
₹349.70 vs ₹1,351.30
Neutral
Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹349.70; the price was 286% above it. Quality franchises usually trade above this number.
Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).
B. Growth
#
Point
Reading
Tag
Commentary
10
Revenue growth FY26 (YoY)
+23.2%
Bullish
Revenue for FY26 was ₹8,333 crore, +23.2% versus FY25.
Revenue compounded at -1.1% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2023, which usually signals a merger or acquisition — multi-year growth rates are inflated by it.
Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15
Profit CAGR (3 years)
29.4%
Caution
Net profit compounded at 29.4% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2023, which usually signals a merger or acquisition — multi-year growth rates are inflated by it.
Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16
Revenue CAGR (5 years)
16.7%
Caution
Over five years (FY21–FY26) revenue compounded at 16.7% a year. Note: revenue jumped more than 40% in Mar 2023, which usually signals a merger or acquisition — multi-year growth rates are inflated by it.
Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17
EPS growth FY26 (reported)
+35.4%
Bullish
Reported EPS went from ₹18.90 to ₹25.59 (+35.4%). Differences from profit growth come from changes in share count (bonus, buyback, new issues).
Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49
Automated screen flags
4 strength(s) · 2 weakness(es)
Neutral
Strengths: Company is expected to give good quarter; Company has delivered good profit growth of 31.2% CAGR over last 5 years; Company has been maintaining a healthy dividend payout of 38.8%; Debtor days have improved from 28.4 to 21.1 days. Weaknesses: Stock is trading at 7.23 times its book value; Company might be capitalizing the interest cost. (Flags generated by the data source’s rule screen.)
How to read: Information only.
50
Fundamental summary
14 bullish · 2 bearish · 31 neutral · 2 caution
Bullish
On the numbers published by 22 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 42.9×, P/B 7.84×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell.
Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.
News in the three months before the snapshot
Company news from 22 Apr 2026 – 22 Jul 2026 that an investor could have known on the snapshot date.
29 May 2026Aegis Logistics jumps after reporting 43% jump in Q4 profit, announces Rs 6.70 dividend — Q4 FY26 revenue from operations Rs 2,594.39 crore (+52% YoY), net profit Rs 454.62 crore (+43%); board recommended final dividend of Rs 6.70 per share. FY26 revenue Rs 8,333 crore, net profit Rs 1,106.63 crore, EPS Rs 25.59. source
10 Jun 2026Aegis Logistics earnings beat fuels mixed brokerage views; stock rises 6% — Shares rose up to 6.4% to Rs 832.9. JM Financial kept Buy with target raised to Rs 1,200 from Rs 935; Motilal Oswal Neutral with target Rs 706, citing valuation and LPG policy risks. source
11 Jun 2026Aegis Logistics rallies about 15% in two days on heavy volume — Stock up 14.6% over two sessions to about Rs 897 after a brokerage raised its target to Rs 1,150, citing LPG supply shortfall narrowing and sustained EBITDA of about Rs 7,000 per tonne. source
25 Jun 2026Aegis Logistics hits 52-week high — Stock hit a 52-week high (reported as Rs 1,116.05 intraday) after Q4 results and JM Financial's target raise; article cites government prioritisation of domestic LPG tightening the industrial LPG distribution market. source
06 Jul 2026Aegis Logistics zooms 84% in 1 month, hits new high; Aegis Vopak soars 54% — Shares hit a new high of Rs 1,388.65 on BSE, up 84% in a month. Company signed a non-binding MoU to participate in developing Vadhvan port (potential investment about Rs 20,000 crore). Record date for Rs 6.70 final dividend set as 2026-07-10; AGM on 2026-08-07. source
What happened next (22 Jul 2026 → 23 Oct 2026)
Price went from ₹1,351.30 to ₹1,247.20 by 23 Oct 2026 (-7.7%) while the Nifty 50 moved -5.8% — underperforming by 1.9 points.
Highest ₹1,528.70 on 22 Sep 2026; lowest ₹1,180.00 on 01 Sep 2026.
S1 1,164.40: held on a closing basis.
S2 793.55: held on a closing basis.
R1 1,423.50: cleared on a closing basis on 21 Sep 2026.
200-day SMA: price was above it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 06 Aug 2026): revenue ₹2,357 crore (+37.1% YoY), net profit ₹545 crore (+211.4% YoY), operating margin 30% vs 14% a year earlier (Screener consolidated figures).
Later news
06 Aug 2026Aegis Logistics Q1 FY27 results: net profit jumps to Rs 484 crore, shares surge 7% — Board approved Q1 FY27 results on 2026-08-06. Revenue from operations Rs 2,357 crore (+37% YoY), EBITDA Rs 715 crore with 30.3% margin, EPS Rs 13.80. Stock rose up to 7% intraday to Rs 1,497.80. source
28 Sep 2026Aegis Logistics board approves fund raise of up to Rs 6,000 crore — Board approved raising up to Rs 6,000 crore via equity, bonds, FCCBs, QIP, preferential or other routes, and raising the borrowing limit to Rs 6,000 crore, subject to shareholder special resolution. source
14 Oct 2026Aegis Logistics shares jump after agreement to acquire majority stake in Tristar Holdings — Via step-down subsidiary, Aegis signed a definitive agreement to acquire about 89.8% of Dubai-based liquid logistics firm Tristar Holdings for equity consideration of USD 809 million; completion expected Q4 FY27 subject to approvals. Shares rose up to 7.7% intraday. source
Educational summary. On 22 Jul 2026 the technical picture leaned positive and the fundamental picture leaned positive. Over the next three months the stock moved -7.7% against -5.8% for the Nifty 50. Here the chart's message did not line up neatly with what followed — a reminder that indicators describe the past, not the future. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Aegis Logistics today.
Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.
Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 25 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction
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