Gujarat Ambuja Exports Limited (GAEL)

Loading page…

Gujarat Ambuja Exports Limited (GAEL) · mywealthgrid

About

Gujarat Ambuja Exports Limited operates in agricultural products within the Consumer Staples sector. The company has a market capitalization of ₹7,926.79 Cr with recent quarterly revenues averaging around ₹1,500 Cr and displays significant seasonal variation in profitability.

Face value: ₹1

Market cap

₹7,233 Cr

P/E

17.4×

P/B

2.2×

Dividend yield

0.2%

ROE

9.7%

ROCE

13.2%

Debt / equity

0.13

OPM

8.1%

EPS (TTM)

₹9.1

Book value

₹71.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins are highly volatile: 5.1% in Sep 2025 vs 14.55% in Jun 2026, suggesting strong commodity or seasonal dependency
ROE of 9.66% appears modest against the current PE multiple of 19.05, signalling the market is pricing in growth expectations not yet evident in capital efficiency
Exposure to agricultural commodities and weather cycles creates revenue and margin unpredictability—verify whether hedging practices and cost management limit downside risk
Institutional holdings remain low (FII 3.02%, DII 0.65%); determine whether this reflects sector concerns or company-specific execution risk

Generated analysis · source review pending

Growth drivers

Operating margins reached 14.55% in Jun 2026 vs 8.14% annual average, suggesting operational or seasonal strength could lift returns if structural improvements persist
Low D/E of 0.13 provides debt capacity for investment or shareholder returns without balance-sheet stress
Recent 1-year return of 64.94% signals investor confidence; verify whether driven by improved fundamentals or multiple re-rating
Jun 2026 revenue of ₹1,594.27 Cr is the highest in recent quarters; determine if this reflects new demand or seasonal cyclicality

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹157.7-2.5%1Y

Quick read

rule-based

Pros

+Comfortable interest coverage of 15.8×
+High promoter holding of 63.8% with no pledge

Cons

−Low return on equity of 10.5% (3-yr avg)
−Profit declined 2.1% a year over the last 5 years
−Modest revenue growth of 4% a year over the last 5 years
−Low dividend payout of 3.3% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

60/100

Business quality: 50
Growth: 54
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,817	4,705	4,670	4,909	4,927	4,613	5,729
COGS	3,007	3,490	3,221	3,547	3,582	3,373	4,253
Gross profit	809	1,215	1,449	1,362	1,344	1,240	1,476
	527	682	762	887	902	839	1,009
	282	533	687	475	442	401	466
OPM %	7.4%	11.3%	14.7%	9.7%	9%	8.7%	8.1%
Depreciation	101	103	97	95	121	126	138
Interest	9	6	6	13	18	17	28
	10	29	54	74	145	82	103
Profit before tax	181	452	638	441	448	341	404
Tax	36	114	163	111	102	92	100
Tax %	19.6%	25.3%	25.5%	25.2%	22.7%	26.9%	24.8%
	146	338	475	330	346	249	304
PAT margin %	3.8%	7.2%	10.2%	6.7%	7%	5.4%	5.3%
EPS (₹)	6.4	14.7	20.7	14.4	7.5	5.4	6.6
EPS adjusted (₹)	—	7.4	10.4	7.2	7.5	5.4	6.6
	15.7%	4.1%	3.1%	4.9%	4.6%	4.6%	4.5%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	23	23	23	46	46	46
Reserves	—	2,095	2,411	2,723	2,956	3,249
Minority interest	—	—	—	5	—	—
	—	269	221	195	218	434
	—	365	297	341	367	431
Total equity & liabilities	—	2,753	2,952	3,310	3,587	4,160
	732	771	1,042	1,037	1,179	1,185
CWIP	—	246	87	153	235	443
Investments	—	714	650	840	938	1,061
	—	1,022	1,172	1,280	1,234	1,472
Total assets	—	2,753	2,952	3,310	3,587	4,160

₹ Cr	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	135	241	298	596	241	213	341	228
	-130	-60	-302	-777	-72	-253	-336	-401
	-3	-97	1	100	-76	-55	-13	176
Net cash flow	2	84	-3	-81	93	-95	-8	4
Free cash flow	16	—	149	310	44	4	44	-155
CFO / Operating profit %	—	85.5%	56%	86.7%	50.8%	48.2%	84.9%	48.9%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Maize Processing Division	3,565.95	275.51	2,626.09	250.84	2,375.25	11.6
Other Agro Processing Division	2,089.21	138.51

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	21.2%	25.8%	31%	27.8%	27.3%	26.9%	25.8%
EBITDA margin %	7.4%	11.3%	14.7%	9.7%	9%	8.7%	8.1%
EBIT margin %	4.7%	9.1%	12.6%	7.7%	6.5%	6%	5.7%
PAT margin %	3.8%	7.2%	10.2%	6.7%	7%	5.4%	5.3%
Working capital
Receivable days	—	—	18	21	24	28	28
Inventory days	—	—	75	68	80	78	69
Payable days	—	—	21	15	18	17	13
NWC days	—	—	72	74	86	89	84
Leverage
Current ratio	—	—	2.91	3.88	4.28	4.23	3.18
Debt to EBITDA	—	—	0.39	0.46	0.44	0.54	0.93
Debt to equity	—	—	0.13	0.09	0.07	0.07	0.13
Interest coverage	20.4	79.4	113.4	34.3	25.4	21.4	15.8
Asset turnover	—	—	1.7	1.66	1.49	1.29	1.38
Return ratios
Return on assets %	—	—	17.3%	11.2%	10.4%	6.9%	7.3%
Return on capital employed %	—	—	29.4%	19.3%	17.3%	11.9%	13.2%
Return on equity %	—	—	22.4%	13.6%	12.5%	8.3%	9.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.84%	63.84%	63.84%	63.84%	63.84%	63.84%	63.84%	63.84%	63.84%	63.84%	63.84%	63.84%
	3.93%	4.08%	4.22%	4.24%	1.99%	1.88%	2.03%	2.17%	2.04%	1.6%	2.19%	3.02%
	0.42%	1.15%	2.36%	1.39%	0.63%	0.39%	0.51%	0.19%	0.61%	0.58%	0.83%	0.65%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	31.81%	30.93%	29.58%	30.53%	33.54%	33.89%	33.62%	33.8%	33.51%	33.98%	33.14%	32.49%
No. of shareholders	—	—	—	—	—	—	—	—	1,34,837	1,26,326	1,14,043	1,07,147

Promoter holding up 0 percentage points since Sep 2023.

2 deals · 22 Sept 2023 – 22 Sept 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	12,14,395	₹317.84	₹38.60 Cr
22 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	12,14,395	₹317.69	₹38.58 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Manish Vijaykumar GuptaExecutive Director-Chairperson related to Promoter-MD
Mr. Sandeep AgrawalExecutive Director
Mr. Shreyaan Manish GuptaExecutive Director
Mr. Sudhin Bhagwandas ChokseyNon-Executive - Independent Director
Mr. Dukhabandhu RathNon-Executive - Independent Director
Mr. Yogesh Ghanshyambhai ShahNon-Executive - Independent Director
Ms. Gauri Surendra TrivediNon-Executive - Independent Director
Mr. Giridhar NagarajChief Financial Officer
Kalpesh DaveCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 5 fund houses

Held by these funds

0.28%

of the company's equity

All mutual funds

0.21%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

6 schemes · 5 fund houses

		Shares
Flexi Cap Fund	Old Bridge Mutual Fund	7.07 L	12.51	3.15%	0.154%	+2.5 L
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	3.57 L	6.31	0.25%	0.078%	-7,814
Small Cap Fund	Quantum Mutual Fund	2.15 L	3.81	1.44%	0.047%	+75,378
SMALL CAP FUNDNEW	Samco Mutual Fund	23,000	0.41	0.21%	0.005%	—
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	2,443	0.04	0.01%	0.001%	+12
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	408	0.01	0.01%	0%	-0

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

22

Final dividend28 Aug 2026 · ex-date₹0.3
Final dividend22 Aug 2025 · ex-date₹0.25
Final dividend23 Aug 2024 · ex-date₹0.35
Final dividend25 Aug 2023 · ex-date₹0.7
Dividend dividend1 Aug 2022 · ex-date₹0.65
Final dividend18 Aug 2021 · ex-date₹0.6
Interim dividend16 Mar 2020 · ex-date₹1
Final dividend25 Jul 2019 · ex-date₹1
Final dividend19 Jul 2018 · ex-date₹0.9
Final dividend30 Aug 2017 · ex-date₹0.8
Interim dividend5 Feb 2016 · ex-date₹0.8
Interim dividend10 Sept 2014 · ex-date₹0.84
Interim dividend31 Oct 2013 · ex-date₹0.7
Special dividend26 Jul 2012 · ex-date₹0.2
Interim dividend26 Jul 2012 · ex-date₹0.6
Interim dividend14 Feb 2012 · ex-date₹0.6
Interim dividend10 Feb 2011 · ex-date₹0.6
Interim dividend9 Feb 2010 · ex-date₹0.4
Interim dividend14 May 2009 · ex-date₹0.4
Final dividend11 Sept 2008 · ex-date₹0.4
Interim dividend28 Jan 2008 · ex-date₹0.4
Dividend dividend6 Sept 2007 · ex-date₹0.36

1

Board meeting to consider results1 Aug 2026

1

Face value ₹2 → ₹11 Oct 2020 · ex-date

1–3 of 4

1 / 2

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

1 Oct 2026, 12:11 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Loading announcements…

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	21.2%	25.8%	31%	27.8%	27.3%	26.9%	25.8%
EBITDA margin %	7.4%	11.3%	14.7%	9.7%	9%	8.7%	8.1%
EBIT margin %	4.7%	9.1%	12.6%	7.7%	6.5%	6%	5.7%
PAT margin %	3.8%	7.2%	10.2%	6.7%	7%	5.4%	5.3%
Working capital
Receivable days	—	—	18	21	24	28	28
Inventory days	—	—	75	68	80	78	69
Payable days	—	—	21	15	18	17	13
NWC days	—	—	72	74	86	89	84
Leverage
Current ratio	—	—	2.91	3.88	4.28	4.23	3.18
Debt to EBITDA	—	—	0.39	0.46	0.44	0.54	0.93
Debt to equity	—	—	0.13	0.09	0.07	0.07	0.13
Interest coverage	20.4	79.4	113.4	34.3	25.4	21.4	15.8
Asset turnover	—	—	1.7	1.66	1.49	1.29	1.38
Return ratios
Return on assets %	—	—	17.3%	11.2%	10.4%	6.9%	7.3%
Return on capital employed %	—	—	29.4%	19.3%	17.3%	11.9%	13.2%
Return on equity %	—	—	22.4%	13.6%	12.5%	8.3%	9.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lt Foods LimitedLTFOODSLTFOODS	₹13,862 Cr	₹14,836 Cr	₹11,633 Cr	₹1,247 Cr	10.6%	₹640 Cr	5.7%	20.1%	14.9%	176
Krbl LimitedKRBLKRBL	₹8,604 Cr	₹8,774 Cr	₹6,009 Cr	₹992 Cr	14.8%	₹758 Cr	10.6%	15.5%	11.7%	323
Gujarat Ambuja Exports LimitedGAELGAEL	₹7,233 Cr	₹7,667 Cr	₹6,032 Cr	₹602 Cr	8.1%	₹416 Cr	5.3%	13.2%	9.7%	84
Trualt Bioenergy LimitedTRUALTTRUALT	₹3,812 Cr	₹5,458 Cr	₹2,051 Cr	₹381 Cr	16.8%	₹149 Cr	5.6%	10.8%	6.3%	170
Kaveri Seed Company LimitedKSCLKSCL	₹3,676 Cr	₹3,676 Cr	₹1,279 Cr	₹292 Cr	24.2%	₹250 Cr	21.2%	18.2%	18.2%	396
Amir Chand Jagdish Kumar (Exports) LimitedAEROPLANEAEROPLANE	₹2,156 Cr	₹2,914 Cr	₹2,287 Cr	₹225 Cr	9.9%	₹103 Cr	4.5%	24.1%	11.2%	253
Sanstar LimitedSANSTARSANSTAR	₹2,063 Cr	₹2,083 Cr	₹821 Cr	₹54 Cr	4.8%	₹44 Cr	4.4%	5.5%	5.1%	53
Grm Overseas LimitedGRMOVERGRMOVER	₹1,613 Cr	₹1,979 Cr	₹1,869 Cr	₹102 Cr	5.1%	₹77 Cr	4.2%	23.7%	14.5%	212
Chaman Lal Setia Exports LimitedCLSELCLSEL	₹1,401 Cr	₹1,484 Cr	₹1,478 Cr	₹171 Cr	10.9%	₹125 Cr	8%	19%	14.6%	197
Avt Natural Products LimitedAVTNPLAVTNPL	₹1,338 Cr	₹1,452 Cr	₹822 Cr	₹114 Cr	12.6%	₹84 Cr	9.1%	16.9%	12.2%	327
Gulshan Polyols LimitedGULPOLYGULPOLY	₹1,009 Cr	₹1,401 Cr	₹2,260 Cr	₹134 Cr	4.7%	₹43 Cr	1.2%	7.5%	4.1%	49
Regaal Resources LimitedREGAALREGAAL	₹883 Cr	₹1,493 Cr	₹1,090 Cr	₹133 Cr	11.2%	₹60 Cr	4.9%	15%	15.2%	50

Date	Category	Subject	Filing
1 Oct 2026, 12:11 pm	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF
28 Sept 2026, 2:31 pm	Company Update General	Reminder Regarding Furnishing Of PAN, KYC Details And Choice Of Nomination By Holders Of Physical Securities	PDF
28 Sept 2026, 2:12 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
16 Sept 2026, 11:29 am	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
9 Sept 2026, 3:43 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
5 Sept 2026, 6:07 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
5 Sept 2026, 5:53 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
12 Aug 2026, 8:05 pm	Company Update General	Dispatch Of Letter To Shareholders Of The Company Pursuant To Regulation 36(1)(B) Of The Listing Regulations.	PDF

Gujarat Ambuja Exports Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

22

1

1

Announcements

22

1

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Cotton Yarn Division · revenue

Gujarat Ambuja Exports Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends22

Board meetings1

Stock splits1

Announcements

Dividends22

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Cotton Yarn Division · revenue

22

1

1

22

1

1