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Gujarat Ambuja Exports

GAEL NSE
₹152.09 +4.42 (+2.99%)
P/E
16.77
View as Markdown
MCP
Close 4 Nov 2026 ₹152.09 +43.44 +40.0% 1Y
Start ₹108.65

Key Fundamentals

MicrocapConsumer GoodsFMCG

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
12.50%
Debt to Equity
0.13
EPS (TTM)
₹9.07
Book Value
₹78.27
Market Cap
—
P/E (TTM)
16.77
P/B
1.94
ROE
9.72%
Dividend Yield
0.20%
EBITDA
₹574 Cr
52W High
₹184.99
52W Low
₹102.05
Day Range
₹146.30 – ₹152.80
Volume
2,74,438

Peer Comparison

Fast Moving Consumer Goods › FMCG › Agricultural Products › Other Agricultural Products

Gujarat Ambuja Exports peer comparison
LT Foods
₹410.1022.24₹14,281 Cr2.910.73%14.70%17.60%₹11,633 Cr₹640 Cr
KRBL
₹408.6512.33₹9,318 Cr1.501.12%11.70%15.20%₹6,009 Cr₹758 Cr
Gujarat Ambuja Exports (this company)
₹152.0916.77₹6,847 Cr1.940.20%9.72%12.50%₹6,032 Cr₹416 Cr
Kaveri Seed Company
₹680.2514.02₹3,469 Cr1.730.75%15.00%15.80%₹1,279 Cr₹249 Cr
Trualt Bioenergy
₹369.4520.27₹3,167 Cr1.960.00%8.38%10.40%₹2,050 Cr₹159 Cr
Amir Chand Jagdish Kumar (Exports)
₹222.5715.79₹2,241 Cr2.330.00%15.80%15.70%₹2,627 Cr₹132 Cr
GRM Overseas
₹92.9823.84₹1,926 Cr3.210.48%14.20%14.00%₹1,869 Cr₹77 Cr
Median 7 companies₹369.4516.77₹3,469 Cr1.960.48%14.20%15.20%₹2,627 Cr₹249 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

63 Good

Data confidence 100/100

Category scores

Quality
65
Good
Returns, margins, earnings quality 22% weight
Valuation
55
Good
Cheap vs sector & own history 24% weight
Growth
77
Strong
Sales & profit trajectory 9% weight
Financial Health
82
Strong
Solvency, leverage, coverage 9% weight
Momentum
49
Average
Trend strength, vol-adjusted 12% weight
Ownership
62
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

3
  • The company has delivered a poor sales growth of 4.01% over past five years.
  • Company has a low return on equity of 10.4% over last 3 years.
  • Dividend payout has been low at 3.06% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1072
OscillatorsBearish270
Moving AveragesStrong Bearish802

Key readings

RSI (14)
46.32
Neutral
MACD (12,26,9)
−4.99
Bearish
SMA (50)
162.10
Bearish
SMA (200)
153.97
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+7.67%
5Y+4.02%
3Y+5.28%
1Y+24.19%
TTM+25.30%

Net profit

Net profit growth by window
10Y+11.32%
5Y−2.10%
3Y−2.70%
1Y+22.09%
TTM+75.53%

Operating cash flow

Operating cash flow growth by window
10Y+5.38%
5Y−5.21%
3Y−1.83%
1Y−33.14%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+1.30 pp
5Y−3.20 pp
3Y−1.53 pp
1Y−0.52 pp
TTM+1.86 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2014₹3,092 Cr
Mar 2015₹2,531 Cr
Mar 2016₹2,736 Cr
Mar 2020₹3,817 Cr
Mar 2021₹4,705 Cr
Mar 2022₹4,670 Cr
Mar 2023₹4,909 Cr
Mar 2024₹4,927 Cr
Mar 2025₹4,613 Cr
Mar 2026₹5,729 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2014₹111 Cr
Mar 2015₹84.00 Cr
Mar 2016₹104 Cr
Mar 2020₹146 Cr
Mar 2021₹338 Cr
Mar 2022₹475 Cr
Mar 2023₹330 Cr
Mar 2024₹346 Cr
Mar 2025₹249 Cr
Mar 2026₹304 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹167 Cr −22.1% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk medium

Gujarat Ambuja Exports Ltd is an agro-processing and maize starch derivatives company with a market cap of ₹8,046 Cr, trading at a PE of 26x. FY25 standalone revenue declined to ₹4,696 Cr from ₹5,071 Cr in FY24, and net profit fell to ₹251 Cr from ₹346 Cr, reflecting margin pressure from commodity volatility and weak export demand in its maize segment.

Bull Case 7
  • Strong long-term stock CAGR of 24% over 10 years, indicating sustained wealth creation for long-term holders
  • TTM sales growth of 24% and TTM profit growth of 24% suggest a recent recovery in operational momentum
  • Low debt-to-equity ratio of 0.13x with a current ratio of 3.19, indicating a strong balance sheet and comfortable liquidity
  • Healthy interest coverage ratio of ~21x, reflecting minimal financial stress from debt servicing (finance costs only ₹17 Cr on ₹4,696 Cr revenue)
  • Dominant market position in Indian maize processing segment with diversified product portfolio (starch, liquid glucose, dextrose syrup, high maltose corn syrup, soya derivatives, cotton yarn)
  • Stock price appreciated 57% over the last 1 year, reflecting renewed investor confidence
  • 10-year compounded profit growth of 12% shows ability to grow earnings over full business cycles despite interim volatility
Bear Case 7
  • FY25 standalone net profit declined 28% YoY to ₹251 Cr from ₹346 Cr in FY24, indicating significant earnings deterioration
  • Poor 5-year compounded sales growth of just 4%, well below inflation, reflecting structural growth challenges
  • Low 3-year ROE of only 10.4%, suggesting sub-optimal capital efficiency for shareholders
  • Dividend payout of just 3.06% of profits over last 3 years with a yield of only 0.14%, offering negligible income to shareholders
  • FY25 revenue fell 7.4% YoY to ₹4,696 Cr from ₹5,071 Cr, with CARE Ratings citing decline in export demand and domestic oversupply in maize processing
  • 3-year compounded profit growth is negative at -2%, indicating earnings have stagnated over a medium-term horizon
  • Operating margins vulnerable to agro-commodity price volatility and foreign exchange fluctuations as flagged by credit rating agencies

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: GAEL delivered a standout Q1FY27 with 171% profit growth and 23.5% revenue expansion, led by a dominant Maize Processing Division. No visible headwinds emerged from this reporting cycle. The trend is clearly improving, with strong margin expansion suggesting operational leverage is kicking in. Sustainability of maize segment margins into subsequent quarters will be the key monitorable.

Positives 3
  • Net profit surges 171% YoY Aug 1

    Standalone net profit jumped 171% YoY to ₹176.93 crore in Q1FY27, signaling strong operational performance across divisions.

  • Revenue grows 23.5% YoY Aug 1

    Q1FY27 revenue rose 23.5% to ₹1,594.27 crore, driven primarily by the Maize Processing Division.

  • Maize segment profits spike Aug 1

    Maize Processing Division segment profits jumped to ₹190.41 crore in Q1FY27, indicating strong margin expansion in the core business.

Neutral 1
  • Q1 results approved by board Aug 1

    Board approved Q1FY27 results on August 1, 2026, following review by auditors Kantilal Patel & Co. Routine corporate governance disclosure.

Quarterly Results

₹ Cr
GAEL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1,163
1,116
1,302
1,346
1,090
1,125
1,131
1,267
1,291
1,487
1,484
1,467
1,594
1,451
Expenses
1,061
1,012
1,176
1,235
985
1,015
1,008
1,204
1,195
1,411
1,385
1,272
1,362
1,253
Operating Profit
102
103
126
111
106
110
123
62
96
76
99
195
232
197
OPM %
9%
9%
10%
8%
10%
10%
11%
4.9%
7%
5%
7%
13%
15%
14%
Other Income
27
42
39
37
29
20
9
25
30
19
28
25.26
39
17
Interest
6
6
3
3
3
4
3
6
5
9
6
7
2
3
Depreciation
30
30
30
30
31
31
32
32
35
35
33
34
33
34
PBT
92
109
131
115
100
94
97
49
86
51
88
180
235
177
Tax %
23%
24%
23%
21%
24%
26%
27%
35%
24%
25%
25%
25%
25%
26%
Net Profit
71
83
101
91
77
69
71
32
65
38
66
135
177
132
EPS (₹)
1.55
1.8
2.2
1.99
1.67
1.51
1.56
0.7
1.42
0.83
1.44
2.95
3.85
—

Sep 2026: from the results filed on 24 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
GAEL profit and loss, annual, ₹ crore
Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,122
3,016
3,092
2,531
2,736
3,817
4,705
4,670
4,909
4,927
4,613
5,729
6,032
Expenses
2,016
2,821
2,897
2,367
2,549
3,527
4,171
3,983
4,433
4,484
4,211
5,261
5,429
Operating Profit
106
194
195
165
188
289
535
687
476
443
401
468
602
OPM %
5%
6%
6%
6%
7%
8%
11%
15%
10%
9%
9%
8%
10%
Other Income
5
9
10
9
10
2
27
54
73
144
82
102
112
Interest
21
22
21
15
10
9
6
6
13
18
17
28
24
Depreciation
30
37
47
61
65
101
103
97
95
121
126
138
136
PBT
61
145
137
98
123
181
452
638
441
448
341
404
554
Tax %
18%
22%
19%
14%
16%
20%
25%
26%
25%
23%
27%
25%
—
Net Profit
50
113
111
84
104
146
338
475
330
346
249
304
416
EPS (₹)
0.9
2.04
2.01
1.52
1.87
3.18
7.37
10.36
7.2
7.54
5.44
6.63
9.07
Div. Payout %
17%
10%
9%
14%
11%
8%
4%
3%
5%
0%
5%
5%
—

Balance Sheet

₹ Cr
GAEL balance sheet, annual, ₹ crore
Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
28
28
28
28
28
23
23
23
23
46
46
46
Reserves
528
628
729
800
889
1,304
1,634
2,095
2,411
2,723
2,956
3,249
Borrowings
361
183
401
309
329
160
163
281
229
199
229
441
Other Liabilities
223
364
154
148
176
250
342
354
289
342
356
424
Total Liabilities
1,140
1,203
1,312
1,284
1,421
1,736
2,162
2,753
2,952
3,310
3,587
4,160
Fixed Assets
289
458
479
543
562
787
731
771
1,042
1,037
1,179
1,185
CWIP
169
38
64
63
101
12
106
246
87
153
235
443
Investments
44
44
42
52
73
22
180
714
650
840
938
1,061
Other Assets
638
662
727
626
686
915
1,146
1,022
1,172
1,280
1,234
1,472
Total Assets
1,140
1,203
1,312
1,284
1,421
1,736
2,162
2,753
2,952
3,310
3,587
4,160

Cash Flow

₹ Cr
GAEL cash flow, annual, ₹ crore
Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−4
294
−120
253
135
241
298
596
241
213
341
228
Investing
−95
−79
−73
−130
−130
−60
−302
−777
−72
−253
−336
−401
Financing
96
−209
187
−124
−3
−97
1
100
−76
−55
−13
176
Net Cash Flow
−2
6
−6
0
2
84
−3
−81
93
−95
−8
4
Free Cash Flow
−130
208
−223
130
18
156
149
312
44
4
47
−153
CFO/OP
18
165
−45
165
82
96
78
111
72
68
107
69

Ratios

GAEL financial ratios, annual
Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
30
13
18
16
23
15
17
18
21
24
28
28
Inventory Days
79
67
75
82
73
74
77
76
69
81
79
70
Days Payable
29
40
10
12
14
17
18
21
15
18
14
13
Cash Conversion Cycle
79
41
83
86
82
72
76
73
75
87
94
84
Working Capital Days
10
14
21
30
29
42
44
31
44
56
56
42
ROCE %
10%
19%
15%
9%
11%
—
28%
30%
18%
16%
11%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Gujarat Ambuja Exports insights

66 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 63.84%
  • Public 19.57%
  • Others 12.02%
  • FIIs 3.31%
  • DIIs 1.26%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Aug 2026
    PPT

Frequently Asked Questions about Gujarat Ambuja Exports

What does Gujarat Ambuja Exports Ltd do?
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…
Where is Gujarat Ambuja Exports Ltd (GAEL) listed?
Gujarat Ambuja Exports Ltd trades as GAEL on the NSE and under code 524226 on the BSE.
Which sector does Gujarat Ambuja Exports Ltd belong to?
Gujarat Ambuja Exports Ltd is classified under the FMCG sector, in the Agricultural Products industry.
What is the PE ratio of Gujarat Ambuja Exports Ltd?
Gujarat Ambuja Exports Ltd trades at a PE ratio of 16.77 as of 4 Nov 2026, on earnings per share of ₹9.07, against a book value of ₹78.27 per share.
What is the 52-week high and low of Gujarat Ambuja Exports Ltd?
Over the last 52 weeks Gujarat Ambuja Exports Ltd has traded between ₹102.05 and ₹184.99 as of 4 Nov 2026.
Does Gujarat Ambuja Exports Ltd pay dividends?
Gujarat Ambuja Exports Ltd has a dividend yield of 0.20%.
What is the Return on Equity (ROE) of Gujarat Ambuja Exports Ltd?
Gujarat Ambuja Exports Ltd reported a return on equity of 9.72%. Its debt-to-equity ratio is 0.13.

Company Information

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.

Website ambujagroup.com
CEO Mr. Manish Vijaykumar Gupta
Employees 2,351
Listed 11 Oct 2000
Face Value ₹1

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