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 ₹ 6,320 Cr.
- Current Price ₹ 138
- High / Low ₹ 141 / 98.7
- Stock P/E 30.4
- Book Value ₹ 67.5
- Dividend Yield 0.18 %
- 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 | 5,175 | |
| 2,897 | 2,367 | 2,551 | 3,063 | 3,047 | 3,647 | 3,527 | 4,171 | 3,983 | 4,433 | 4,484 | 4,211 | 4,818 | |
| Operating Profit | 195 | 165 | 185 | 271 | 317 | 374 | 289 | 535 | 687 | 476 | 443 | 401 | 358 |
| OPM % | 6% | 6% | 7% | 8% | 9% | 9% | 8% | 11% | 15% | 10% | 9% | 9% | 7% |
| 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 | 24 |
| Depreciation | 47 | 61 | 66 | 71 | 76 | 96 | 101 | 103 | 97 | 95 | 121 | 126 | 134 |
| Profit before tax | 137 | 98 | 119 | 199 | 232 | 270 | 181 | 452 | 638 | 441 | 448 | 343 | 285 |
| 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 | 208 | |
| 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 | 4.54 |
| 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: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | -19% |
| TTM: | -39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 15% |
| 3 Years: | 4% |
| 1 Year: | 12% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 46 | 46 | 46 |
| Reserves | 727 | 798 | 893 | 830 | 999 | 1,185 | 1,304 | 1,643 | 2,104 | 2,411 | 2,723 | 2,958 | 3,049 |
| 401 | 309 | 329 | 636 | 647 | 217 | 160 | 163 | 278 | 227 | 197 | 228 | 288 | |
| 154 | 148 | 168 | 220 | 226 | 290 | 250 | 345 | 359 | 291 | 337 | 353 | 387 | |
| 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 | 3,770 |
| 479 | 543 | 568 | 607 | 772 | 753 | 787 | 731 | 771 | 1,042 | 1,037 | 1,159 | 1,155 | |
| CWIP | 64 | 63 | 103 | 159 | 54 | 61 | 12 | 106 | 246 | 87 | 153 | 196 | 259 |
| Investments | 42 | 52 | 77 | 47 | 43 | 52 | 22 | 192 | 726 | 665 | 850 | 958 | 1,070 |
| 726 | 625 | 669 | 896 | 1,026 | 849 | 915 | 1,146 | 1,021 | 1,157 | 1,264 | 1,271 | 1,286 | |
| 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 | 3,770 |
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
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1 Jan - Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
-
Closure of Trading Window
27 Dec - Trading window closed from 1 Jan 2026 until 48 hours after Q3/9M (Dec 31, 2025) unaudited results.
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
27 Dec - Received GST demand order (26-Dec-2025) for Rs 48,08,147 for FY2021-22; company to file appeal.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 22 Dec
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
22 Dec - Postal ballot (20 Dec 2025): Dukhabandhu Rath, Yogesh Shah, Gauri Trivedi appointed as independent directors.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
Business Segments