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 ₹ 6,788 Cr.
- Current Price ₹ 148
- High / Low ₹ 149 / 101
- Stock P/E 33.2
- Book Value ₹ 67.4
- Dividend Yield 0.18 %
- ROCE 11.5 %
- ROE 8.59 %
- 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 3.17% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,953 | 2,122 | 3,016 | 3,092 | 2,531 | 2,736 | 3,817 | 4,705 | 4,670 | 4,909 | 4,927 | 4,613 | 5,529 | |
| 1,814 | 2,016 | 2,821 | 2,897 | 2,367 | 2,549 | 3,527 | 4,171 | 3,983 | 4,433 | 4,484 | 4,211 | 5,195 | |
| Operating Profit | 140 | 106 | 194 | 195 | 165 | 188 | 289 | 535 | 687 | 476 | 443 | 401 | 334 |
| OPM % | 7% | 5% | 6% | 6% | 6% | 7% | 8% | 11% | 15% | 10% | 9% | 9% | 6% |
| 16 | 5 | 9 | 10 | 9 | 10 | 2 | 27 | 54 | 73 | 144 | 82 | 102 | |
| Interest | 13 | 21 | 22 | 21 | 15 | 10 | 9 | 6 | 6 | 13 | 18 | 17 | 26 |
| Depreciation | 25 | 30 | 37 | 47 | 61 | 65 | 101 | 103 | 97 | 95 | 121 | 126 | 136 |
| Profit before tax | 118 | 61 | 145 | 137 | 98 | 123 | 181 | 452 | 638 | 441 | 448 | 341 | 274 |
| Tax % | 21% | 18% | 22% | 19% | 14% | 16% | 20% | 25% | 26% | 25% | 23% | 27% | |
| 93 | 50 | 113 | 111 | 84 | 104 | 146 | 338 | 475 | 330 | 346 | 249 | 201 | |
| EPS in Rs | 1.68 | 0.90 | 2.04 | 2.01 | 1.52 | 1.87 | 3.18 | 7.37 | 10.36 | 7.20 | 7.54 | 5.44 | 4.39 |
| Dividend Payout % | 9% | 17% | 10% | 9% | 14% | 11% | 8% | 4% | 3% | 5% | 0% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 4% |
| 3 Years: | 0% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | -19% |
| TTM: | -34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 16% |
| 3 Years: | 4% |
| 1 Year: | 20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 12% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 28 | 28 | 28 | 23 | 23 | 23 | 23 | 46 | 46 | 46 |
| Reserves | 480 | 528 | 628 | 729 | 800 | 889 | 1,304 | 1,634 | 2,095 | 2,411 | 2,723 | 2,956 | 3,047 |
| 232 | 361 | 183 | 401 | 309 | 329 | 160 | 163 | 281 | 229 | 199 | 231 | 288 | |
| 255 | 223 | 364 | 154 | 148 | 176 | 250 | 342 | 354 | 289 | 342 | 353 | 393 | |
| Total Liabilities | 995 | 1,140 | 1,203 | 1,312 | 1,284 | 1,421 | 1,736 | 2,162 | 2,753 | 2,952 | 3,310 | 3,587 | 3,774 |
| 299 | 289 | 458 | 479 | 543 | 562 | 787 | 731 | 771 | 1,042 | 1,037 | 1,179 | 1,175 | |
| CWIP | 45 | 169 | 38 | 64 | 63 | 101 | 12 | 106 | 246 | 87 | 153 | 235 | 335 |
| Investments | 78 | 44 | 44 | 42 | 52 | 73 | 22 | 180 | 714 | 650 | 840 | 938 | 940 |
| 573 | 638 | 662 | 727 | 626 | 686 | 915 | 1,146 | 1,022 | 1,172 | 1,280 | 1,234 | 1,325 | |
| Total Assets | 995 | 1,140 | 1,203 | 1,312 | 1,284 | 1,421 | 1,736 | 2,162 | 2,753 | 2,952 | 3,310 | 3,587 | 3,774 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59 | -4 | 294 | -120 | 253 | 135 | 241 | 298 | 596 | 241 | 213 | 341 | |
| -94 | -95 | -79 | -73 | -130 | -130 | -60 | -302 | -777 | -72 | -253 | -336 | |
| 37 | 96 | -209 | 187 | -124 | -3 | -97 | 1 | 100 | -76 | -55 | -13 | |
| Net Cash Flow | 3 | -2 | 6 | -6 | -0 | 2 | 84 | -3 | -81 | 93 | -95 | -8 |
| Free Cash Flow | -9 | -130 | 208 | -223 | 130 | 18 | 156 | 149 | 312 | 44 | 4 | 47 |
| CFO/OP | 62% | 18% | 165% | -45% | 165% | 82% | 96% | 78% | 111% | 72% | 68% | 107% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21 | 30 | 13 | 18 | 16 | 23 | 15 | 17 | 18 | 21 | 24 | 28 |
| Inventory Days | 88 | 79 | 67 | 75 | 82 | 73 | 74 | 77 | 76 | 69 | 81 | 79 |
| Days Payable | 41 | 29 | 40 | 10 | 12 | 14 | 17 | 18 | 21 | 15 | 18 | 17 |
| Cash Conversion Cycle | 68 | 79 | 41 | 83 | 86 | 82 | 72 | 76 | 73 | 75 | 87 | 90 |
| Working Capital Days | 19 | 10 | 14 | 21 | 30 | 29 | 42 | 44 | 31 | 44 | 56 | 56 |
| ROCE % | 19% | 10% | 19% | 15% | 9% | 11% | 28% | 30% | 18% | 16% | 11% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Maize Processing Capacity TPD ・Standalone data |
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| Edible Oil Refining Capacity TPD ・Standalone data |
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| Maize Processing Capacity Utilization % ・Standalone data |
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| Number of Countries Exported To Count ・Standalone data |
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| Seed Crushing Capacity TPD ・Standalone data |
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| Cotton Yarn Capacity Utilization % ・Standalone data |
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| Agro Processing Capacity Utilization % ・Standalone data |
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| Domestic Maize Processing Market Share % ・Standalone data |
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Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 1 Apr
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Announcement under Regulation 30 (LODR)-Cessation
31 Mar - Independent Director Vishwavir Saran Das ceased after completing second term on 31 March 2026.
- Closure of Trading Window 30 Mar
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Commencement Of Commercial Production Of New Maltodextrin Facility At Hubli, Karnataka
28 Mar - Commercial production commenced at Hubli maltodextrin facility; capacity increased from 7,000 to 23,000 MTPA, effective 28-Mar-2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 20 Mar
Annual reports
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