In today’s briefing:
- Aegis Logistics Ltd- Forensic Analysis
Aegis Logistics Ltd- Forensic Analysis
- Aegis Logistics (AGIS IN) or ALL is an integrated logistics and supply chains provider to the oil, gas, petroleum and chemical players.
- The company is currently on a capex spree, after joining hands with Royal Vopak to augment its terminals business.
- While the business possesses good cash conversion, one should be bothered by some doubtful accounting with respect to capitalization policy, receivable provisioning, etc which might have beneficial impact on bottom-line.