Top Logistics Stock Declares 200% Dividend, Net Sales Up 190% YoY: Buy?

Aegis Logistics Ltd. is India's leading integrated Oil, Gas & Chemical Logistics company and one of India's top Importers and Handlers of LPG among private players. The company has announced a 200% Dividend, along with declaring its Q2 earnings report.

Aegis Logistics Ltd informed the stock exchanges, "3rd Interim Dividend of 200% i.e. Rs. 2.00 (Rupees Two Only) per equity share of face value of Re.1/- during the financial year 2022-23 and has fixed Wednesday, November 16, 2022 as the Record Date for the purpose of payment of Interim Dividend. The 3rd Interim Dividend shall be paid on or before December 7, 2022."

The company's net sales stood at Rs. 750.23 crore in Q2 FY23, increased by 190.92% YoY from Rs. 257.88 crore in Q2 FY22. Additionally, its quarterly net profit stood at Rs. 100.76 crore in Q2 FY23, gained by 64.51% YoY from Rs. 61.25 crore in Q2 FY22.

Stock performance

In the last 1 month the company's share price gained by 3.19%, in the past 6 months its share price gained by 40.37%, and in the last 1 year its share price has surged by 40.80%. The 52-week high level of this stock is Rs. 323.25, and the 52-week low level of this stock is Rs. 167.25. The midcap company has a market capitalization of Rs. 10,442 crore.

Aegis Logistics Ltd. operates through its state-of-the-art Necklace of Liquid & Gas terminals across major ports of India having a storage capacity of 15,70,000 KL for Chemicals & POL and 1,14,000 MT of static capacity for LPG.

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