Gujarat Ambuja Exports Ltd

₹ 232 -2.33%
27 Jan - 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 5,330 Cr.
  • Current Price 232
  • High / Low 394 / 171
  • Stock P/E 12.9
  • Book Value 99.5
  • Dividend Yield 0.28 %
  • ROCE 30.4 %
  • ROE 25.1 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
999 898 828 989 1,211 1,677 1,025 1,152 1,238 1,255 1,273 1,078 1,130
898 818 752 879 1,054 1,487 857 1,006 1,079 1,041 1,106 984 1,022
Operating Profit 101 80 76 110 157 189 168 146 159 214 167 94 108
OPM % 10% 9% 9% 11% 13% 11% 16% 13% 13% 17% 13% 9% 10%
2 4 6 11 10 1 9 15 10 20 16 16 28
Interest 2 2 1 1 1 2 1 1 2 2 4 3 2
Depreciation 25 25 27 27 26 24 26 24 25 23 24 24 24
Profit before tax 76 57 53 93 141 165 151 136 143 209 155 84 109
Tax % 29% 5% 30% 22% 22% 28% 24% 24% 26% 27% 26% 23% 25%
Net Profit 54 54 37 73 110 118 114 103 105 153 115 64 82
EPS in Rs 2.36 2.37 1.63 3.17 4.78 5.16 4.96 4.50 4.58 6.68 5.00 2.80 3.57
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 TTM
1,843 1,619 1,428 1,953 2,122 3,016 3,092 2,531 2,736 3,817 4,705 4,670 4,736
1,694 1,532 1,320 1,814 2,016 2,821 2,897 2,367 2,549 3,527 4,171 3,983 4,154
Operating Profit 149 87 107 140 106 194 195 165 188 289 535 687 582
OPM % 8% 5% 8% 7% 5% 6% 6% 6% 7% 8% 11% 15% 12%
18 12 13 16 5 9 10 9 10 2 27 54 80
Interest 26 17 11 13 21 22 21 15 10 9 6 6 11
Depreciation 31 36 19 25 30 37 47 61 65 101 103 97 94
Profit before tax 110 46 91 118 61 145 137 98 123 181 452 638 557
Tax % 35% 47% 33% 21% 18% 22% 19% 14% 16% 20% 25% 26%
Net Profit 71 24 61 93 50 113 111 84 104 146 338 475 414
EPS in Rs 2.58 0.88 2.19 3.37 1.80 4.08 4.03 3.04 3.75 6.36 14.74 20.73 18.05
Dividend Payout % 15% 23% 9% 9% 17% 10% 9% 14% 11% 8% 4% 3%
Compounded Sales Growth
10 Years: 8%
5 Years: %
3 Years: %
TTM: -7%
Compounded Profit Growth
10 Years: 26%
5 Years: %
3 Years: %
TTM: -6%
Stock Price CAGR
10 Years: 32%
5 Years: 14%
3 Years: 47%
1 Year: 11%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Sep 2022
28 28 28 28 28 28 28 28 28 23 23 23 23
Reserves 331 276 394 480 528 628 729 800 889 1,304 1,634 2,095 2,259
515 91 180 232 361 183 401 309 329 160 165 281 72
180 242 170 255 223 364 154 148 176 250 341 354 227
Total Liabilities 1,054 637 772 995 1,140 1,203 1,312 1,284 1,421 1,736 2,163 2,753 2,581
262 243 297 299 289 458 479 543 562 787 731 771 776
CWIP 5 5 14 45 169 38 64 63 101 12 106 246 288
Investments 26 32 40 78 44 44 42 52 73 22 180 714 558
761 357 421 573 638 662 727 626 686 915 1,146 1,022 960
Total Assets 1,054 637 772 995 1,140 1,203 1,312 1,284 1,421 1,736 2,163 2,753 2,581

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022
-116 344 17 59 -4 294 -120 253 135 241 297 596
-50 -12 -80 -94 -95 -79 -73 -130 -130 -60 -302 -777
292 -448 65 37 96 -209 187 -124 -3 -97 2 100
Net Cash Flow 126 -115 2 3 -2 6 -6 -0 2 84 -3 -81

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022
Debtor Days 18 14 19 21 30 13 18 16 23 15 17 18
Inventory Days 118 57 88 88 79 67 75 82 73 74 77 76
Days Payable 21 27 27 41 29 40 10 12 14 17 18 21
Cash Conversion Cycle 116 44 80 68 79 41 83 86 82 72 76 73
Working Capital Days 96 30 70 60 71 36 69 70 69 56 56 52
ROCE % 20% 10% 20% 19% 10% 19% 15% 9% 11% 28% 30%

Shareholding Pattern

Numbers in percentages

1 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
63.81 63.82 63.84 63.84 63.84 63.84 63.84 63.84 63.84 63.84 63.84 63.84
2.51 2.43 2.78 2.91 3.02 3.68 4.08 4.06 4.37 4.95 5.07 4.97
0.31 0.63 0.19 0.19 0.07 0.07 0.07 0.07 0.07 0.15 0.16 0.16
33.37 33.12 33.20 33.06 33.08 32.41 32.01 32.03 31.71 31.06 30.93 31.03

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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