Data Analysis and Interpretation
Data analysis and interpretation form the backbone of financial assessment in any
corporate study. It allows stakeholders to look beyond raw numbers and understand
trends, strengths, risks, and growth directions embedded within a company's financials. By
evaluating changes over time in key balance sheet components—like assets, liabilities, net
worth, and debt structure—analysts can determine whether a company is expanding
sustainably, managing risk efficiently, or heading toward financial stress.
For a capital-intensive logistics company like Aegis Logistics Limited, which operates in the
oil, gas, and chemical transport sectors, balance sheet dynamics offer crucial insights into
strategic moves such as infrastructure investments, debt financing, and working capital
management. Trends in asset growth often indicate capacity expansion, while shifts in
liabilities help evaluate the company’s leverage and solvency.
The following comparative balance sheet analysis evaluates Aegis Logistics’ performance
over six years (FY 2020–FY 2025). Each comparison includes a detailed table and
interpretation, providing a well-rounded view of how the company’s financial position has
evolved.
FY 2020 vs FY 2021
Particulars FY 2020 FY 2021 Absolute % Change
Change
Net Worth ₹15,282 Cr ₹19,365 Cr +₹4,083 Cr +26.71%
Current ₹7,644 Cr ₹5,056 Cr -₹2,588 Cr -33.85%
Liabilities
Long-term Debt ₹485 Cr ₹1,123 Cr +₹638 Cr +131.55%
Total Liabilities ₹28,734 Cr ₹30,420 Cr +₹1,686 Cr +5.87%
Current Assets ₹8,516 Cr ₹6,018 Cr -₹2,498 Cr -29.34%
Fixed Assets ₹20,218 Cr ₹24,402 Cr +₹4,184 Cr +20.70%
Total Assets ₹28,734 Cr ₹30,420 Cr +₹1,686 Cr +5.87%
Net worth rose significantly...
A sharp 33.85% drop in current liabilities indicates reduced short-term obligations and
better liquidity.
Long-term borrowings jumped by 131.55%, likely funding expansion projects or asset
upgrades.
Fixed assets increased by over ₹4,000 Cr, reflecting capital investment in terminals and
infrastructure.
Despite a decline in current assets, the proportional asset-liability growth indicates
balanced financial structuring.
FY 2021 vs FY 2022
Particulars FY 2021 FY 2022 Absolute % Change
Change
Net Worth ₹19,365 Cr ₹21,798 Cr +₹2,433 Cr +12.56%
Current ₹5,056 Cr ₹11,670 Cr +₹6,614 Cr +130.84%
Liabilities
Long-term Debt ₹1,123 Cr ₹643 Cr -₹480 Cr -42.74%
Total Liabilities ₹30,420 Cr ₹39,586 Cr +₹9,166 Cr +30.13%
Current Assets ₹6,018 Cr ₹11,834 Cr +₹5,816 Cr +96.65%
Fixed Assets ₹24,402 Cr ₹27,753 Cr +₹3,351 Cr +13.73%
Total Assets ₹30,420 Cr ₹39,586 Cr +₹9,166 Cr +30.13%
Steady net worth growth (+12.56%) shows retained earnings strengthening equity.
Massive rise in current liabilities reflects increased operational scale and trade volume.
Long-term debt fell, implying debt repayments and improved solvency.
Almost doubled current assets point to increased working capital needs or liquidity
reserves.
Asset growth aligns well with total liabilities, indicating structured and planned expansion.
FY 2022 vs FY 2023
Particulars FY 2022 FY 2023 Absolute % Change
Change
Net Worth ₹21,798 Cr ₹35,323 Cr +₹13,525 Cr +62.06%
Current ₹11,670 Cr ₹11,329 Cr -₹341 Cr -2.92%
Liabilities
Long-term Debt ₹643 Cr ₹9,784 Cr +₹9,141 Cr +1,421.62%
Total Liabilities ₹39,586 Cr ₹69,884 Cr +₹30,298 Cr +76.55%
Current Assets ₹11,834 Cr ₹27,588 Cr +₹15,754 Cr +133.10%
Fixed Assets ₹27,753 Cr ₹42,296 Cr +₹14,543 Cr +52.40%
Total Assets ₹39,586 Cr ₹69,884 Cr +₹30,298 Cr +76.55%
Exceptional net worth increase (62%) shows strong earnings or fresh equity injection.
Long-term debt skyrocketed, likely to fund major infrastructure growth.
Fixed and current assets rose sharply, indicating both operational and capital expansion.
Controlled short-term liabilities despite aggressive growth reflects prudent financial risk
management.
FY 2023 vs FY 2024
Particulars FY 2023 FY 2024 Absolute % Change
Change
Net Worth ₹35,323 Cr ₹38,944 Cr +₹3,621 Cr +10.25%
Current ₹11,329 Cr ₹10,432 Cr -₹897 Cr -7.92%
Liabilities
Long-term Debt ₹9,784 Cr ₹14,322 Cr +₹4,538 Cr +46.38%
Total Liabilities ₹69,884 Cr ₹78,457 Cr +₹8,573 Cr +12.27%
Current Assets ₹27,588 Cr ₹28,496 Cr +₹908 Cr +3.29%
Fixed Assets ₹42,296 Cr ₹49,960 Cr +₹7,664 Cr +18.12%
Total Assets ₹69,884 Cr ₹78,457 Cr +₹8,573 Cr +12.27%
Moderate net worth growth suggests consolidation phase after rapid FY23 expansion.
Continued long-term debt usage funds ongoing capital projects, albeit at a more controlled
pace.
Drop in current liabilities and limited increase in current assets show tighter working
capital control.
Infrastructure expansion continues, pointing to strategic investment in core logistics
capacity.
FY 2024 vs FY 2025
Particulars FY 2024 FY 2025 Absolute % Change
Change
Net Worth ₹38,944 Cr ₹45,560 Cr +₹6,616 Cr +16.98%
Current ₹10,432 Cr ₹11,286 Cr +₹854 Cr +8.19%
Liabilities
Long-term Debt ₹14,322 Cr ₹13,877 Cr -₹445 Cr -3.11%
Total Liabilities ₹78,457 Cr ₹84,723 Cr +₹6,266 Cr +7.99%
Current Assets ₹28,496 Cr ₹30,891 Cr +₹2,395 Cr +8.40%
Fixed Assets ₹49,960 Cr ₹53,832 Cr +₹3,872 Cr +7.75%
Total Assets ₹78,457 Cr ₹84,723 Cr +₹6,266 Cr +7.99%
Strong equity growth (17%) shows improved profitability or internal reinvestment.
Long-term debt declined, reflecting repayments and improving leverage ratios.
Slight increase in current liabilities and assets reflects stabilized operations and working
capital alignment.
Fixed assets growth indicates continuous but measured investment in infrastructure and
capacity.
