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    Consumer non-durables

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    Food: specialty/candy
Gujarat Ambuja Exports Limited

Gujarat Ambuja Exports Limited

153.40
INR
-5.15
(-3.25%)
12.54EPS
18.26P/E
76.02BMarket Cap
Oct 24Next Earn
Gujarat Ambuja Exports Limited
BSE:GAEL
(Bombay Stock Exchange)

Recent

price

153.40

P/E

ratio

18.26

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
35.3
38.3
54.48
55.66
46.4
49.32
60.28
72.5
85.8
82.49
102.23
101.04
106.26
106.82
99.91
124.12
131.57
Revenue per Share
1.68
0.9
2.04
2.01
1.75
1.81
2.87
3.92
4.32
3.18
7.37
10.37
7.2
7.54
5.44
6.63
9.08
Basic EPS, GAAP
-0.18
-2.36
3.76
-4.07
2.28
0.31
-2.08
0.16
10.28
5.25
6.48
12.99
5.26
4.64
7.42
4.97
- -
Free Cash Flow per Basic Share
0.17
0.17
0.23
0.2
0.24
0.19
- -
0.2
0.22
0.5
- -
0.3
0.33
0.35
0.35
0.25
- -
Dividend per Share
9.17
10.05
11.85
13.67
15.05
16.64
18.6
22.29
26.34
28.92
36.12
46.18
53.07
60.37
65.46
71.84
- -
Book Value per Share
9.16
10.04
11.82
13.64
15.03
16.62
18.58
22.27
26.33
28.91
36.11
46.18
53.05
60.36
65.44
71.82
- -
Tangible Book Value per Share
553
553
553
553
553
554
552
459
459
459
459
459
459
459
459
459
458
Basic Weighted Avg Shares
19,534
21,194
30,150
30,804
25,676
27,302
33,253
33,262
39,365
37,845
46,880
46,339
48,742
48,996
45,829
56,936
60,316
Sales/Revenue/Turnover
6.53
4.34
5.36
5.41
14.86
4.7
6.05
7.31
7.16
5.31
9.24
12.77
7.91
6.6
6.31
6.17
7.74
Operating Margin (%)
292
299
367
474
610
662
714
763
957
1,008
1,034
975
947
1,211
1,258
1,377
1,356
Depreciation Expense
932
499
1,128
1,114
966
1,004
1,586
1,799
1,982
1,458
3,381
4,754
3,301
3,459
2,493
3,043
4,160
Net Income, GAAP
18.27
19.9
25.48
18.51
21.3
15.89
- -
- -
- -
- -
- -
- -
- -
- -
26.89
24.76
- -
Effective Tax Rate (%)
4.77
2.35
3.74
3.62
3.76
3.68
4.77
5.41
5.03
3.85
7.21
10.26
6.77
7.06
5.44
5.34
6.9
Profit Margin (%)
1,523
796
1,475
1,870
2,177
2,551
815
2,112
3,915
5,480
8,241
10,773
12,720
14,457
14,802
15,185
- -
Working Capital
39
26
- -
- -
249
217
145
72
8
116
102
86
52
30
98
389
- -
LT Debt
5,074
5,562
6,559
7,563
8,330
9,206
8,531
10,224
12,082
13,265
16,566
21,183
24,340
27,740
30,023
32,950
- -
Total Equity
15.56
8.88
13.69
13.58
26.15
9.09
- -
- -
- -
- -
- -
- -
- -
- -
6.84
7.51
- -
Return on Invested Capital (%)
15.5
7.57
14.04
12.55
8.77
8.78
- -
- -
- -
- -
- -
- -
- -
- -
8.41
9.29
- -
Return on Capital (%)
20.05
9.39
18.62
15.78
12.16
11.45
17.88
19.18
17.77
11.51
22.67
25.19
14.5
13.29
8.64
9.66
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
4,021
- -
LT Borrowings
- -
360
- -
LT Finance Leases
- -
29
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
459
459
459
Market Capitalization
63,182
62,402
76,025

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
22,126
- -
Cash, Cash Equivalents & STI
- -
8,608
- -
Accounts Receivable, Net
- -
4,360
- -
Inventories
- -
8,036
- -
Total Current Liabilities
- -
6,941
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
4,021
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.01%
14.94%
9.75%
Free Cash Flow
553.74%
11.21%
-33.02%
Net Income, GAAP
19.59%
1.79%
22.04%
Sales/Revenue/Turnover
8.25%
4.46%
24.23%
Total Cash Common Dividend
- -
- -
-28.54%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
10,904
11,246
11,309
12,666
45,829
2026
12,912
14,867
14,842
14,665
56,936
2027
15,942
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.67
1.51
1.56
0.7
5.44
2026
1.42
0.83
1.44
2.95
6.63
2027
3.85
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.35
2026
- -
- -
- -
- -
0.25
2027
- -
- -
- -
- -
- -
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Business
Gujarat Ambuja Exports Limited (GAEL), founded in 1991 and headquartered in Ahmedabad, Gujarat, India, is a diversified agro-processing company primarily engaged in maize processing, agro processing, cotton yarn manufacturing, and renewable energy generation. The company manufactures and exports a wide range of products, including corn starch derivatives such as liquid glucose, sorbitol, dextrose anhydrous, dextrose monohydrate, maltodextrin, and high fructose corn syrup from its maize processing division with a capacity of approximately 5,000 TPD across 12 facilities in Gujarat, Madhya Pradesh, Maharashtra, Uttarakhand, Karnataka, and West Bengal; soya derivatives including soya lecithin, soya flour, soya meal, and texturised vegetable protein, alongside refined edible oils (primarily soybean oil), de-oiled cake, vanaspati ghee, and wheat products from its agro processing division with soybean crushing capacity of 4,500 TPD and refining capacity of 1,200 TPD; and cotton yarn from its spinning plant in Himmatnagar, Gujarat, with 65,000 spindles. GAEL serves diverse end-user industries such as food and beverages, pharmaceuticals, animal feed, FMCG, paper, textiles, paints, and chemicals, with a clientele including Dabur, Mondelez, Nestle, Colgate, ITC, HUL, and Cargill India; its revenue is geographically diversified with about 69% domestic sales in India and 31% exports to over 100 countries, particularly Southeast Asia. Recent developments include the commissioning of a 1,200 TPD greenfield maize processing plant in Sitarganj, Uttarakhand, and another in Malda, West Bengal, increasing total maize capacity by around 50% over two years; completion of acquisition of 25% equity in Maiz Citchem Limited; launch of a 100 TPD sorbitol unit in Hubli, Karnataka, and a 120 TPD liquid glucose plant in Malda; issuance of bonus shares in a 1:1 ratio in 2024; and planned capex of approximately ₹600 crore for speciality chemicals and fermentation-based products through a wholly owned subsidiary, largely funded by internal accruals, while maintaining a net debt-free status.