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    Consumer Defensive

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    Packaged Foods
Gujarat Ambuja Exports Limited

Gujarat Ambuja Exports Limited

GAEL.BO
Gujarat Ambuja Exports LimitedIN flagBombay Stock Exchange
162.45
INR
+0.05
- -
74.52BMarket Cap
Gujarat Ambuja Exports Limited
GAEL.BO
(Bombay Stock Exchange)

Recent

price

162.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
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
100.64
124.82
125.05
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
6.64
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
7.43
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
6.19
6.81
8.4
10
11.27
12.98
11.72
17.78
21.83
24.41
31.81
41.88
48.75
56.55
61.55
1
1
Book Value per Share
9.16
10.04
11.82
13.64
15.03
16.61
15.45
22.27
26.32
28.9
36.11
46.18
53.05
60.46
65.49
71.78
71.91
Tangible Book Value per Share
553
553
553
553
553
554
552
459
459
459
459
459
459
459
458
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
46,126
57,286
57,286
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
5.97
5.74
5.74
Operating Margin (%)
292
299
367
474
610
662
714
763
956
1,008
1,034
975
947
1,211
1,258
1,377
1,377
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
3,043
Net Income, GAAP
18.27
19.9
25.48
18.51
21.3
15.89
20.47
22.52
26.49
19.58
25.27
25.5
25.17
22.72
26.89
- -
74.51
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
5.41
5.31
5.31
Profit Margin (%)
1,523
796
1,475
1,870
2,176
2,551
814
2,112
3,915
5,480
8,241
10,773
12,720
14,457
14,802
15,185
15,185
Working Capital
38
26
- -
- -
249
217
145
72
8
116
102
86
52
30
98
389
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
32,950
Total Equity
15.6
8.94
13.7
13.57
26.08
9.01
11.69
11.92
13.32
10.98
19.46
20.87
11.39
8.87
6.82
- -
5.34
Return on Invested Capital (%)
20.34
9.56
17.78
15.64
10.69
10.6
14.84
13.87
15.47
11.97
23.46
24.97
14.48
13.57
8.93
- -
72.92
Return on Capital (%)
30.49
13.87
26.79
21.88
16.42
14.97
23.23
24.6
21.81
13.75
26.22
28.14
15.88
14.32
9.21
21.23
21.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
2,566
- -
4,021
LT Borrowings
265
- -
360
LT Finance Leases
52
- -
29
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
459
- -
459
Market Capitalization
48,316
63,002
62,326

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
19,746
- -
22,126
Cash, Cash Equivalents & STI
7,747
- -
8,738
Accounts Receivable, Net
2,971
- -
4,360
Inventories
7,520
- -
8,036
Total Current Liabilities
5,285
- -
6,940
Payables & Accruals
- -
- -
- -
ST Debt
2,566
- -
4,021
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
8.31%
4.58%
24.2%
Total Cash Common Dividend
- -
- -
-28.54%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,630
11,153
13,018
13,194
48,996
2025
10,904
11,246
11,309
12,666
46,126
2026
12,912
14,867
14,842
14,665
57,286

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.55
1.8
2.2
- -
7.54
2025
1.67
1.51
1.56
0.7
5.44
2026
1.42
0.83
1.44
2.95
6.63

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.35
2025
- -
- -
- -
- -
0.35
2026
- -
- -
- -
- -
0.25
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Business
Gujarat Ambuja Exports Limited (GAEL) manufactures corn starch derivatives, soya derivatives, feed ingredients, cotton yarn and edible oils. The company produces liquid glucose, sorbitol, dextrose anhydrous, dextrose monohydrate, maltodextrin, high fructose corn syrup, maize oil, soya flour, lecithin, rapeseed meals, cattle feed, vanaspati ghee, RBD palmolein oil, cotton seed refined oil and food grains. Incorporated in 1991 and headquartered in Ahmedabad, India, GAEL operates maize processing plants with 4,000 TPD capacity including a new 1,200 TPD greenfield facility at Sitarganj, Uttarakhand; soybean crushing facilities totaling 4,600 TPD across Gujarat, Madhya Pradesh and Maharashtra; edible oil refining at 1,200 TPD; wheat milling; and a cotton yarn spinning plant with 65,520 spindles in Himmatnagar, Gujarat. It serves the food, pharmaceutical, animal feed, confectionery, bakery, paint, cosmetic, paper, textile and industrial sectors with 69% domestic revenue from India and 31% exports to over 100 countries. In January 2025, the board approved and completed the acquisition of a 25% stake in Maiz Citchem Limited, making it a wholly-owned subsidiary.