Past 10 year's financial track record analysis by Moneyworks4me indicates that Aegis Logistics Ltd is a average quality company.
The key valuation ratios of Aegis Logistics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aegis Logistics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 28% | 16% | 15.9% | 12.1% | 14.4% | 2.3% | 13.8% | 30.8% | 51% | 22.9% | - |
| Value Creation Index ⓘ | 1.0 | 0.1 | 0.2 | -0.1 | 0.1 | -0.8 | 0.0 | 1.3 | 2.8 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 345 | 357 | 389 | 501 | 707 | 860 | 705 | 1,228 | 3,075 | 2,980 | 2,936 |
| Sales YoY Gr. | - | 3.5% | 8.7% | 29% | 41.1% | 21.6% | -18% | 74.2% | 150.4% | -3.1% | - |
| Adj EPS ⓘ | 2.6 | 1.7 | 2.1 | 3.1 | 2.7 | 0.7 | 4.5 | 13.1 | 23.4 | 11.5 | 13.4 |
| YoY Gr. | - | -35% | 25.8% | 45.2% | -12.1% | -74.6% | 558.8% | 192.2% | 79% | -51.1% | - |
| BVPS (₹) ⓘ | 12.1 | 12.6 | 20.9 | 23 | 24.3 | 25.9 | 34.8 | 43.6 | 61.9 | 67.9 | 71.4 |
| Adj Net Profit ⓘ | 85.8 | 55.8 | 70 | 102 | 89.6 | 23.2 | 157 | 460 | 822 | 402 | 471 |
| Cash Flow from Ops. ⓘ | 35.1 | 67.6 | 77 | 65.2 | 144 | 192 | 244 | 175 | 145 | 490 | - |
| Debt/CF from Ops. ⓘ | 3.3 | 1.4 | 2.4 | 4.2 | 1.5 | 1.3 | 1.6 | 2.2 | 0.1 | 0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 27.1% | 33.3% | 61.7% | -3.1% | ||||
| Adj EPS ⓘ | 18.1% | 33.7% | 36.7% | -51.1% | ||||
| BVPSⓘ | 21.1% | 22.9% | 25% | 9.6% | ||||
| Share Price | 31.3% | 26.3% | 49.3% | 74.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 23.6 | 13.5 | 12.5 | 13.9 | 11.4 | 2.6 | 14.1 | 33.4 | 44.4 | 17.7 | 19.3 |
| Op. Profit Mgn % ⓘ | 19.8 | 25.4 | 26.4 | 22.3 | 21.9 | -0.3 | 22.1 | 27.5 | 11.4 | 11.5 | 11.2 |
| Net Profit Mgn % ⓘ | 24.9 | 15.6 | 18 | 20.3 | 12.7 | 2.7 | 22.3 | 37.4 | 26.7 | 13.5 | 16 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 208 | 199 | 237 | 223 | 143 | 104 | 181 | 177 | 142 | 200 | 116 |
| Cash Conv. Cycle ⓘ | 20 | 6 | -4 | 3 | 8 | 19 | 29 | 25 | 13 | 4 | 92 |
Sales growth is growing at healthy rate in last 3 years 61.70%
Net Profit is growing at healthy rate in last 3 years 36.72%
Return on Equity has declined versus last 3 years average to 19.30%
Sales growth is not so good in last 4 quarters at -4.39%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 13.4 | 16.6 |
| TTM Sales (₹ Cr.) | 2,936 | 7,062 |
| BVPS (₹.) ⓘ | 71.4 | 117.4 |
| Reserves (₹ Cr.) ⓘ | 2,471 | 4,087 |
| P/BV ⓘ | 9.46 | 5.75 |
| PE ⓘ | 50.32 | 40.61 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 358.15 / 1035.70 |
| All Time Low / High (₹) | 0.32 / 1035.70 |
| Market Cap (₹ Cr.) | 23,714 |
| Equity (₹ Cr.) | 35.1 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 37.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Brief about company
Aegis Logistics Ltd. is India’s leading integrated oil, gas & chemical logistics company and one of India’s top importers and handlers of LPG amongst private players. It was founded in 1956 and is headquartered in Mumbai.
Company operates in two divisions namely Gas and Chemicals. Under gas division it has three business - sourcing, distribution, and logistics. In chemical division company has tank farm installations which are used for handling of bulk liquids for petroleum, oil, petrochemical, and chemicals. The company operates through its state-of-the-art necklace of Gas & Liquid terminals across major ports of India having a static storage capacity 1,19,000 MT for LPG as well as 18,29,000 KL for Chemicals & POL.
What is the business model?
Broadly, Aegis operates under two segments one is Gas division and another is Chemical division. Under Gas division it includes sourcing, terminaling, distribution and third party logistics.
Sourcing: Company has a joint venture with Itochu Corporation of Japan, which provides global expertise in gas trading business. Under this segment, company mainly caters to PSU oil companies like IOC, BPCL, and HPCL. In addition to this it also provides solution to private players like Reliance, Godrej and many other bulk clients all over the country.
Terminaling: It has terminals at various ports in Mumbai, Pipavav, Haldia and Kandla.
Distribution: Company distributes LPG through autogas stations and commercial distributors in over 100 cities and across 12 states. It transports the product through all possible modes- road, rail and pipeline.
Third party logistics: It offers third-party logistics (3PL) services for bulk LPG and propane.
Chemical Division- Under this business company owns tank farm installations for handling of bulk liquids for petroleum, oil, petrochemical, and chemical. These terminals are located in port of Kandla, Pipavav, Mumbai, Mangalore, Kochi, and Haldia.
How has been the divisional performance?
Revenue grew at 5% CAGR over FY19-24. Segmental performance has been skewed as Gas terminal division revenue grew at CAGR of 4% while Liquid terminal division grew at 25% CAGR over the same period. Performance of Gas division is masked because of volatility in gas prices impacting sourcing revenues.
This business should be analyzed on EBITDA margin basis, utilization and efficiency impacts margins. Liquid division is a high margin business, contributing ~40% to EBITDA in FY24. Over FY19-24, gas division margins have expanded from 6% to 9% driven by utilization in distribution and logistics volumes. Similarly, liquid division margins have expanded from 57% to 72% over FY19-24, driven by utilization. Currently company’s utilization in Gas division in terms of throughput stands at 49% and in liquid division capacity utilization stands at 87% for FY24.
What are the growth plans of the company?
Company is going to incur capex of Rs 4,500 crores by FY27. It plans to invest Rs 1,750 crores to almost double LPG static capacity by Q1FY26 from existing capacity of 1,19,000 MT. In liquid division, handling capacity to reach almost 2 mn KL by FY27 from the existing capacity of 1.8 mn KL (expansion at Kandla, Mangalore, and Kochi expected to be operational by FY 25). It is also planning to construct ammonia terminals at Gujarat.
What is the debt and returns profile of the company?
Company’s total debt stood at Rs 1,663 crores in FY24 out of which 1,432 crores is long term debt and remaining is for short term debt which company takes as working capital loan. Company has a strong balance sheet (debt/equity ratio at 0.37 in FY24). Overall RoCE of the company in FY24 was 19%. In terms segmental ROCE their gas division RoCE stood at 26% while liquid division RoCE stood at 13%. This was due to higher EBITDA margins in liquid division.
Moneyworks4me opinion
Particulars | Q2FY24 (Rs. Crs) | YoY Trend | Comments |
| Revenue | 1,235 | -42% | Decline is on lower sourcing volumes (trading business) so fluctuations are normal. Gas and liquid volumes as well as revenues have scaled up. |
| EBITDA | 208 | +23% | Growth higher in gas division than liquid division |
| EBITDA Margin | 17% | + 898bps | On account of change in mix |
| PAT | 150 | +49% | Other income aided profit margins |
Good results, decline in quarterly revenues (trading business) shouldn’t be a concern.
|
Particulars |
Q1FY24 |
YoY trend |
Comment |
|
Revenue |
2,101 |
-6% |
|
|
EBITDA |
196 |
+130% |
Normalised EBITDA growth 30% |
|
EBITDA Margin |
9% |
+552 bps |
Operating leverage playing out particularly in liquid division |
|
PAT |
133 |
+24% |
Highest lifetime PBT/PAT |
Overall good performance, minor decline in revenues is not to be read into.
|
Particulars |
Q4FY23 |
YoY Growth |
Comments |
|
Revenue |
2,154 |
2.4% |
|
|
EBITDA |
203 |
41.6% |
EBITDA margin at 9.4% |
|
PAT |
160 |
56% |
|
Results were subpar, with positive improvement in liquid & LPG distribution segments.
Aegis Logistics is in the business of import and distribution of Liquified Petroleum Gas (LPG) and storage and terminalling facility for LPG and chemical products. Aegis Logistics Limited,(AGL) is India’s leading oil, gas, and chemical logistics co., it operates a network of bulk liquid handling terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and LPG gas stations to deliver products and services.
Industry
Consumption of liquefied petroleum gas across India was more than 28 million metric tons during FY22. LPG demand is driven residential, commercial and transportation sector, along with growing demand for cleaner fuels for cooking in urban and rural geographies. Further initiatives and support from government towards LPG has taken penetration towards 99.8% of households in FY22. During this period, about 90% of LPG was consumed by households, 8% by industrial users and 2% by vehicles. Over 60% of LPG was imported and over 99% of domestic production was from public sector refineries. Abundance of LPG in international market and poor profit margins for domestic refiners, domestic production is unlikely to increase.
Business Model
Liquid logistics: Aegis Logistics operates a network of liquid terminals in India, which are used for storing and handling petroleum products, chemicals, and other liquids. The company's liquid terminals are strategically located near ports, refineries, and industrial hubs, which enables it to serve a diverse set of customers across the country. It has capacity of handling 1,603,000 KL with various expansions undergo with Vopak.It serves clients such as BPCL, HPCL, Reliance Industries, Caltex, Supreme Industries, Jubilant Lifesciences, Bombay Dyeing, and Laxmi Organics. Facilities are offered on a long-term contract or spot contract basis, and other services such as customs bonding, inventory management, just-in-time delivery, and on-site product quality testing are also provided.
LPG sourcing:AGL has a joint venture with Itochu Corporation, for LPG gas sourcing. Currently, Aegis has a 15.5% market share in LPG imports in India where it sources gas for various distributors and refiners.
LPG Retailing: Company operates its LPG retailing business through 135 Autogas stations in 10 states and a network of 262 LPG distributors across 14 states. Aegis also operates 37 LPG bottling plants through their supply to both commercial and domestic LPG markets. LPG retailing is the highest profit margin segment for the company.
Storage Terminals & Pipelines:Aegishas a gas storage business, which involves storage of liquefied petroleum gas (LPG) and other gases such as propane, butane, and ammonia. Aegis has static capacity of 115,000 MT and throughput of 9,600,000 MT through which it services customers by storage, handling, and distribution of LPG and other gases.It operates their storage terminals from six different terminals located near ports, having refrigerated gas terminals and a pressurized gas terminal in Pipavav. Additionally, it has its own pipeline facilities and transports gas via Roadways and Railways.
Business Performance
|
|
FY22 |
FY21 |
Change % |
|
Gas Trading |
331 |
340 |
-3% |
|
Liquid Terminal Division |
4,024 |
3,267 |
23% |
|
Gas Terminal Division |
270 |
234 |
15% |
|
Total Revenue |
4,631 |
3,483 |
20% |
|
EBITDA Margin |
12.6% |
13.9% |
|
Aegis revenue is derived from Gas & Liquid terminals, as well gas sourcing. Sourcing business revenue is dependent on gas prices and volumes, which as share of revenue is highest but contributes less to EBITDA. Revenue without sourcing business has grown at CAGR 19% over last 5 years. While sourcing volumes have declined by CAGR 5.7%, this segment has 16% market share in LPG import.
Risks
Use of alternative fuels like CNG and PNG in residential as well commercial settings.
Infrastructure obsolescenceor delay in commissioning.
Any disruptions in supply chain, such as delays in the delivery of product, could impact its operations and revenues.
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 345 | 357 | 389 | 501 | 707 | 860 | 705 | 1,228 | 3,075 | 2,980 |
| Operating Expenses ⓘ | 281 | 270 | 291 | 395 | 554 | 862 | 550 | 902 | 2,731 | 2,639 |
| Manufacturing Costs | 24 | 24 | 23 | 24 | 29 | 32 | 37 | 35 | 25 | 57 |
| Material Costs | 175 | 143 | 170 | 264 | 398 | 499 | 321 | 751 | 2,571 | 2,453 |
| Employee Cost | 35 | 40 | 39 | 39 | 42 | 277 | 131 | 50 | 37 | 32 |
| Other Costs ⓘ | 49 | 63 | 60 | 68 | 85 | 54 | 60 | 66 | 97 | 97 |
| Operating Profit ⓘ | 64 | 87 | 97 | 106 | 153 | -2 | 154 | 326 | 344 | 341 |
| Operating Profit Margin (%) | 18.5% | 24.5% | 25.0% | 21.2% | 21.7% | -0.3% | 21.9% | 26.6% | 11.2% | 11.5% |
| Other Income ⓘ | 94 | 7 | 26 | 28 | 20 | 67 | 82 | 263 | 728 | 210 |
| Interest ⓘ | 13 | 9 | 8 | 7 | 21 | 23 | 15 | 19 | 17 | 10 |
| Depreciation ⓘ | 12 | 12 | 11 | 18 | 25 | 38 | 40 | 45 | 25 | 18 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 133 | 74 | 103 | 109 | 127 | 3 | 182 | 525 | 1,031 | 523 |
| Tax ⓘ | 25 | 20 | 37 | 8 | 38 | -21 | 26 | 73 | 214 | 111 |
| Profit After Tax | 108 | 54 | 66 | 101 | 89 | 25 | 156 | 452 | 817 | 412 |
| PAT Margin (%) | 31.2% | 15.1% | 17.1% | 20.1% | 12.5% | 2.9% | 22.1% | 36.8% | 26.6% | 13.8% |
| Adjusted EPS (₹) | 3.2 | 1.6 | 2.0 | 3.0 | 2.7 | 0.7 | 4.4 | 12.9 | 23.3 | 11.7 |
| Dividend Payout Ratio (%) | 23% | 56% | 53% | 41% | 53% | 234% | 45% | 19% | 25% | 55% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 404 | 422 | 699 | 769 | 810 | 879 | 1,220 | 1,531 | 2,173 | 2,382 |
| Share Capital ⓘ | 33 | 33 | 33 | 33 | 33 | 34 | 35 | 35 | 35 | 35 |
| Reserves ⓘ | 371 | 389 | 665 | 735 | 777 | 845 | 1,185 | 1,496 | 2,138 | 2,347 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 101 | 80 | 183 | 261 | 168 | 203 | 333 | 366 | 10 | 90 |
| Long Term Debt | 51 | 40 | 36 | 49 | 49 | 49 | 112 | 82 | 0 | 0 |
| Short Term Debt | 50 | 40 | 147 | 212 | 119 | 154 | 222 | 285 | 9 | 90 |
| Trade Payables | 22 | 26 | 40 | 34 | 36 | 25 | 35 | 39 | 213 | 180 |
| Others Liabilities ⓘ | 69 | 77 | 214 | 195 | 240 | 619 | 539 | 676 | 596 | 953 |
| Total Liabilities ⓘ | 596 | 606 | 1,136 | 1,258 | 1,255 | 1,726 | 2,127 | 2,613 | 2,992 | 3,606 |
Fixed Assets | ||||||||||
| Gross Block | 361 | 370 | 568 | 774 | 844 | 1,223 | 1,270 | 1,833 | 650 | 680 |
| Accumulated Depreciation | 160 | 172 | 11 | 29 | 54 | 97 | 142 | 192 | 91 | 106 |
| Net Fixed Assetsⓘ | 201 | 198 | 556 | 745 | 791 | 1,126 | 1,128 | 1,641 | 559 | 574 |
| CWIP ⓘ | 27 | 72 | 161 | 132 | 123 | 211 | 435 | 116 | 106 | 251 |
| Investmentsⓘ | 116 | 95 | 79 | 40 | 46 | 46 | 46 | 37 | 242 | 231 |
| Inventories | 15 | 7 | 17 | 18 | 27 | 29 | 42 | 64 | 124 | 39 |
| Trade Receivables | 36 | 29 | 35 | 40 | 40 | 56 | 60 | 104 | 210 | 158 |
| Cash Equivalents | 61 | 41 | 33 | 35 | 45 | 103 | 59 | 87 | 431 | 942 |
| Others Assetsⓘ | 140 | 164 | 254 | 248 | 182 | 156 | 357 | 564 | 1,320 | 1,411 |
| Total Assets ⓘ | 596 | 606 | 1,136 | 1,258 | 1,255 | 1,726 | 2,127 | 2,613 | 2,992 | 3,606 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 35 | 68 | 77 | 65 | 144 | 192 | 244 | 175 | 145 | 490 |
| PBT ⓘ | 133 | 74 | 103 | 109 | 127 | 3 | 182 | 525 | 1,031 | 523 |
| Adjustment ⓘ | -68 | 14 | -6 | -2 | 29 | 237 | 83 | -182 | -679 | -161 |
| Changes in Working Capital ⓘ | -13 | 3 | 6 | -6 | 17 | -24 | -17 | -129 | -2 | 285 |
| Tax Paid ⓘ | -16 | -24 | -26 | -35 | -30 | -25 | -4 | -40 | -205 | -157 |
| Cash Flow From Investing Activity ⓘ | 125 | -20 | -132 | -96 | -39 | -56 | -356 | 59 | 405 | -24 |
| Capex | -24 | -53 | -99 | -168 | -87 | -112 | -275 | -178 | -128 | -176 |
| Net Investments | 15 | 22 | 0 | 39 | -5 | 0 | 0 | -1 | 17 | -101 |
| Others ⓘ | 133 | 12 | -33 | 33 | 54 | 57 | -81 | 238 | 517 | 253 |
| Cash Flow From Financing Activityⓘ | -133 | -68 | 57 | 34 | -112 | -73 | 70 | -206 | -573 | -126 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -40 | -14 | -12 | 22 | 33 | -8 | 84 | -64 | -99 | -8 |
| Interest Paid ⓘ | -14 | -9 | -11 | -23 | -22 | -12 | -24 | -11 | -11 | -4 |
| Dividend Paid ⓘ | -34 | -36 | -27 | -30 | -30 | -64 | -41 | -140 | -175 | -181 |
| Others ⓘ | -46 | -9 | 107 | 65 | -93 | 10 | 52 | 9 | -288 | 66 |
| Net Cash Flow ⓘ | 27 | -20 | 2 | 3 | -8 | 62 | -41 | 28 | -22 | 340 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 29.7 | 13.04 | 11.83 | 13.75 | 11.22 | 2.92 | 14.86 | 32.86 | 44.13 | 18.08 |
| ROCE (%) | 27.98 | 15.96 | 15.92 | 12.1 | 14.36 | 2.3 | 13.82 | 30.76 | 50.97 | 22.88 |
| Asset Turnover Ratio | 0.58 | 0.59 | 0.45 | 0.42 | 0.56 | 0.58 | 0.37 | 0.52 | 1.1 | 0.9 |
| PAT to CFO Conversion(x) | 0.32 | 1.26 | 1.17 | 0.64 | 1.62 | 7.68 | 1.56 | 0.39 | 0.18 | 1.19 | Working Capital Days |
| Receivable Days | 30 | 33 | 30 | 27 | 21 | 20 | 30 | 24 | 19 | 23 |
| Inventory Days | 17 | 11 | 11 | 13 | 12 | 12 | 18 | 16 | 11 | 10 |
| Payable Days | 40 | 62 | 71 | 51 | 32 | 22 | 34 | 18 | 18 | 29 |
Aegis Logistics is an India-based company, which was incorporated in the year 1956. It commenced business as a chemical manufacturer in 1967. It was formerly known as Atul Drug House. The company ventured into the logistic business in 1996-97 and hived off its chemical manufacturing unit in the year 2005. It has a strategic alliance with Essar Oil Ltd. Aegis Logistics Limited is based in Mumbai, India .The company's shares are presently listed on the Bombay Stock Exchange, National Stock Exchange, Ahmadabad Stock Exchange and Delhi Stock Exchange.
Aegis Group plays a key role in India’s downstream oil and gas sector, and its flagship company, Aegis Logistics Limited, is India’s leading oil, gas, and chemical logistics company. The company’s vision is to be the industry leader in its business segments by delivering superior customer service with a focus on quality, safety, and environmental standards.
The Group has five distinct but related business segments, and operates a network of bulk liquid handling terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services. Its client base includes many leading industrial companies in India as well as individual retail customers whom it serves at its Aegis Autogas stations.
Aegis Group also operates internationally through its sourcing and trading subsidiaries located in Singapore.
Credentials
Business area of the company
Aegis is India’s leading oil, gas and chemical logistics company. The company has five distinct but related business segments, and operates a network of bulk liquid terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services.
Business Mix
History and Milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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