Gujarat Ambuja Exports Ltd

₹ 237 -1.27%
05 Dec - close price
About

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)

Key Points

Business Divisions
Maize Processing (52% of FY21 revenue)[1]
GAEL is the largest maize processing company in India with installed capacity of 3,000 tonnes per day (TPD). The company's products include liquid glucose, sorbitol, dextrose anhydrous, dextrose monohydrate, maltodextrin and high fructose corn syrup.

  • Market Cap 5,438 Cr.
  • Current Price 237
  • High / Low 394 / 150
  • Stock P/E 12.4
  • Book Value 99.9
  • Dividend Yield 0.27 %
  • ROCE 30.4 %
  • ROE 25.0 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 25.1% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 6.98% over past five 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.

Peer comparison

Sector: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
908 999 898 828 989 1,211 1,677 1,025 1,152 1,238 1,255 1,273 1,078
863 898 818 752 879 1,054 1,487 857 1,006 1,079 1,041 1,106 984
Operating Profit 45 101 80 76 110 157 189 168 146 159 214 167 94
OPM % 5% 10% 9% 9% 11% 13% 11% 16% 13% 13% 17% 13% 9%
1 2 4 6 11 10 1 9 15 10 20 16 16
Interest 3 2 2 1 1 1 2 1 1 2 2 4 3
Depreciation 26 25 25 27 27 26 24 26 24 25 23 24 24
Profit before tax 17 76 57 53 93 141 165 151 136 143 209 155 84
Tax % 16% 29% 5% 30% 22% 22% 28% 24% 24% 26% 27% 26% 23%
Net Profit 15 54 54 37 73 110 118 114 103 105 153 115 64
EPS in Rs 0.63 2.36 2.37 1.63 3.18 4.78 5.16 4.96 4.50 4.58 6.68 5.00 2.80
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,941 2,114 3,005 3,092 2,531 2,736 3,334 3,364 4,021 3,817 4,705 4,670 4,844
1,801 2,008 2,810 2,897 2,367 2,551 3,063 3,047 3,647 3,527 4,171 3,983 4,210
Operating Profit 140 106 195 195 165 185 271 317 374 289 535 687 634
OPM % 7% 5% 6% 6% 6% 7% 8% 9% 9% 8% 11% 15% 13%
17 6 9 10 9 10 23 9 10 2 27 54 62
Interest 13 21 22 21 15 10 23 18 19 9 6 6 10
Depreciation 25 30 37 47 61 66 71 76 96 101 103 97 96
Profit before tax 119 61 146 137 98 119 199 232 270 181 452 638 591
Tax % 21% 18% 22% 18% 14% 16% 20% 23% 26% 20% 25% 26%
Net Profit 94 50 113 112 84 100 159 180 198 146 338 475 437
EPS in Rs 3.40 1.80 4.10 4.04 3.04 3.63 6.91 7.84 8.64 6.36 14.74 20.73 19.06
Dividend Payout % 9% 17% 10% 9% 14% 11% 6% 6% 6% 8% 4% 3%
Compounded Sales Growth
10 Years: 8%
5 Years: 7%
3 Years: 5%
TTM: -4%
Compounded Profit Growth
10 Years: 26%
5 Years: 25%
3 Years: 34%
TTM: -2%
Stock Price CAGR
10 Years: 33%
5 Years: 23%
3 Years: 52%
1 Year: 50%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 21%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
28 28 28 28 28 28 23 23 23 23 23 23 23
Reserves 479 527 627 727 798 893 830 999 1,185 1,304 1,643 2,104 2,268
232 361 183 401 309 329 636 647 217 160 163 278 72
256 224 364 154 148 168 220 226 290 250 345 359 230
Total Liabilities 995 1,139 1,202 1,310 1,283 1,417 1,709 1,895 1,715 1,736 2,174 2,764 2,593
299 289 458 479 543 568 607 772 753 787 731 771 775
CWIP 45 169 38 64 63 103 159 54 61 12 106 246 288
Investments 78 44 45 42 52 77 47 43 52 22 192 726 570
572 637 661 726 625 669 896 1,026 849 915 1,146 1,021 959
Total Assets 995 1,139 1,202 1,310 1,283 1,417 1,709 1,895 1,715 1,736 2,174 2,764 2,593

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
58 -4 294 -120 254 137 57 138 573 241 300 596
-93 -95 -79 -73 -129 -132 -117 -125 -110 -60 -304 -777
38 97 -209 187 -124 -3 59 -13 -455 -97 2 100
Net Cash Flow 4 -2 6 -6 -0 2 -1 0 8 84 -3 -81

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 22 30 13 18 16 23 23 25 20 15 17 18
Inventory Days 89 81 69 75 84 73 89 106 62 74 77 76
Days Payable 42 30 40 10 12 14 14 18 21 17 18 22
Cash Conversion Cycle 69 81 41 83 88 82 97 113 61 72 76 72
Working Capital Days 60 71 36 69 70 69 76 89 51 56 56 52
ROCE % 19% 10% 19% 15% 9% 11% 16% 16% 19% 14% 28% 30%

Shareholding Pattern

Numbers in percentages

3 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
63.76 63.81 63.82 63.84 63.84 63.84 63.84 63.84 63.84 63.84 63.84 63.84
2.47 2.51 2.43 2.78 2.91 3.02 3.68 4.08 4.06 4.37 4.95 5.07
0.80 0.31 0.63 0.19 0.19 0.07 0.07 0.07 0.07 0.07 0.15 0.16
32.97 33.37 33.12 33.20 33.06 33.08 32.41 32.01 32.03 31.71 31.06 30.93

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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