Gujarat Ambuja Exports Ltd
Gujarat Ambuja Exports is engaged in the manufacturing of Corn Starch Derivatives, Soya Derivatives, Feed Ingredients, Cotton Yarn, and Edible Oils. Since its incorporation in 1991, GAEL strives to serve the Food, Pharmaceutical, Feed, and many other industries with a long-term growth strategy in the Agro-Processing sector. (Source: Company Website)
- Market Cap ₹ 4,961 Cr.
- Current Price ₹ 108
- High / Low ₹ 145 / 98.7
- Stock P/E 20.7
- Book Value ₹ 65.5
- Dividend Yield 0.23 %
- ROCE 11.5 %
- ROE 8.64 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 3.86% over past five years.
- Company has a low return on equity of 11.9% over last 3 years.
- Dividend payout has been low at 4.69% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,092 | 2,531 | 2,736 | 3,334 | 3,364 | 4,021 | 3,817 | 4,705 | 4,670 | 4,909 | 4,927 | 4,613 | 4,813 | |
| 2,897 | 2,367 | 2,551 | 3,063 | 3,047 | 3,647 | 3,527 | 4,171 | 3,983 | 4,433 | 4,484 | 4,211 | 4,422 | |
| Operating Profit | 195 | 165 | 185 | 271 | 317 | 374 | 289 | 535 | 687 | 476 | 443 | 401 | 392 |
| OPM % | 6% | 6% | 7% | 8% | 9% | 9% | 8% | 11% | 15% | 10% | 9% | 9% | 8% |
| 10 | 9 | 10 | 23 | 9 | 10 | 2 | 27 | 54 | 73 | 144 | 84 | 85 | |
| Interest | 21 | 15 | 10 | 23 | 18 | 19 | 9 | 6 | 6 | 13 | 18 | 17 | 19 |
| Depreciation | 47 | 61 | 66 | 71 | 76 | 96 | 101 | 103 | 97 | 95 | 121 | 126 | 130 |
| Profit before tax | 137 | 98 | 119 | 199 | 232 | 270 | 181 | 452 | 638 | 441 | 448 | 343 | 328 |
| Tax % | 18% | 14% | 16% | 20% | 23% | 26% | 20% | 25% | 26% | 25% | 23% | 27% | |
| 112 | 84 | 100 | 159 | 180 | 198 | 146 | 338 | 475 | 330 | 346 | 251 | 239 | |
| EPS in Rs | 2.02 | 1.52 | 1.81 | 3.46 | 3.92 | 4.32 | 3.18 | 7.37 | 10.36 | 7.20 | 7.54 | 5.47 | 5.23 |
| Dividend Payout % | 9% | 14% | 11% | 6% | 6% | 6% | 8% | 4% | 3% | 5% | 5% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 4% |
| 3 Years: | 0% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | -19% |
| TTM: | -32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 14% |
| 3 Years: | -5% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 12% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 46 | 46 |
| Reserves | 727 | 798 | 893 | 830 | 999 | 1,185 | 1,304 | 1,643 | 2,104 | 2,411 | 2,723 | 2,958 |
| 401 | 309 | 329 | 636 | 647 | 217 | 160 | 163 | 278 | 227 | 197 | 228 | |
| 154 | 148 | 168 | 220 | 226 | 290 | 250 | 345 | 359 | 291 | 337 | 353 | |
| Total Liabilities | 1,310 | 1,283 | 1,417 | 1,709 | 1,895 | 1,715 | 1,736 | 2,174 | 2,764 | 2,952 | 3,303 | 3,585 |
| 479 | 543 | 568 | 607 | 772 | 753 | 787 | 731 | 771 | 1,042 | 1,037 | 1,159 | |
| CWIP | 64 | 63 | 103 | 159 | 54 | 61 | 12 | 106 | 246 | 87 | 153 | 196 |
| Investments | 42 | 52 | 77 | 47 | 43 | 52 | 22 | 192 | 726 | 665 | 850 | 958 |
| 726 | 625 | 669 | 896 | 1,026 | 849 | 915 | 1,146 | 1,021 | 1,157 | 1,264 | 1,271 | |
| Total Assets | 1,310 | 1,283 | 1,417 | 1,709 | 1,895 | 1,715 | 1,736 | 2,174 | 2,764 | 2,952 | 3,303 | 3,585 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -120 | 254 | 137 | 57 | 138 | 573 | 241 | 300 | 596 | 242 | 213 | 349 | |
| -73 | -129 | -132 | -117 | -125 | -110 | -60 | -304 | -777 | -80 | -241 | -296 | |
| 187 | -124 | -3 | 59 | -13 | -455 | -97 | 2 | 100 | -76 | -60 | -61 | |
| Net Cash Flow | -6 | -0 | 2 | -1 | 0 | 8 | 84 | -3 | -81 | 86 | -87 | -8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 18 | 16 | 23 | 23 | 25 | 20 | 15 | 17 | 18 | 21 | 24 | 28 |
| Inventory Days | 75 | 84 | 73 | 89 | 106 | 62 | 74 | 77 | 76 | 69 | 81 | 79 |
| Days Payable | 10 | 12 | 14 | 14 | 18 | 21 | 17 | 18 | 22 | 15 | 18 | 17 |
| Cash Conversion Cycle | 83 | 88 | 82 | 97 | 113 | 61 | 72 | 76 | 72 | 75 | 87 | 90 |
| Working Capital Days | 21 | 30 | 29 | 8 | 21 | 32 | 42 | 44 | 31 | 44 | 56 | 60 |
| ROCE % | 15% | 9% | 11% | 16% | 16% | 19% | 14% | 28% | 30% | 18% | 17% | 12% |
Documents
Announcements
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Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Second Quarter And Half Year Ended 30Th September, 2025 And Other Business
31 Oct - Board meeting on 8 Nov 2025 to approve unaudited Q2 and H1 FY2025-26 results.
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MOU With The Government Of Gujarat For Expansion Of Derivative Capacity At 900 TPD Corn Wet Milling Plant At Himmatnagar, Gujarat
10 Oct - MOU (09-Oct-2025) with Gujarat Govt for 900 TPD corn wet-milling expansion; project ~Rs100 crore, funded internally.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Oct - Compliance Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Closure of Trading Window 29 Sep
-
Reminder Regarding Mandatory Furnishing Of PAN, KYC Details And Choice Of Nomination By Holders Of Physical Securities
25 Sep - Reminder letter sent Sep 25, 2025 requesting PAN/KYC/nomination; unpaid final dividend due to missing bank details.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Business Segments