The brief: build a second-round, interview-grade investment thesis on Aegis Logistics — India's largest private importer and terminal operator for LPG — to institutional standards.
What we delivered: a seven-section thesis covering the executive summary and recommendation, industry sizing for India's LPG import infrastructure, the business model, the competitive moat (terminal capacity, port access, contracted throughput), a financial profile, valuation, and a peer comparison benchmarked against global terminal operators including Royal Vopak and Kinder Morgan — plus risks and catalysts.
Why it matters: this is the standard of analysis we bring to a research mandate. A defensible view, sourced sizing, and a valuation that survives scrutiny — not a templated one-pager.
A note on the numbers: revenue growth, margin and return profiles are presented as ranges. Figures shown are illustrative and should be verified against the latest annual report before relying on them.
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Download the Aegis Logistics thesis (PDF) · Download the pitch deck (PPTX)
Aegis Logistics Investment Thesis: Institutional Equity Research on India's Largest Private LPG Terminal Operator