Aegis Logistics

Aegis Logistics
(Ticker Code: 500003)
A fund manager of a Mumbai-based mutual fund favours Aegis Logistics. For the March quarter FY07, the company has reported sales of Rs 65.5 crore (Rs 33.8 crore) recording a 93.8% jump over the corresponding quarter last year. Operating profit improved 2.6% to Rs 6.9 crore. Overall, the net profit increased 9.4% to Rs 6.8 crore translating into EPS of 4.2. “The valuation looks attractive given the location advantage at Mumbai port and expansion plans at other ports”, the fund manager maintains. He expects the logistic business to remain major driver in profitability and to contribute around 78% in FY08 operating profits.
(FV Rs 10, H/L Rs 198/111 , CMP Rs 136)