Gujarat Ambuja Exports share price & results
- Sept 2026
- Sept 2026
Agro-processor turning maize and oilseeds into starch, edible oil, animal feed and specialty chemicals.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,451 | −2.4% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 14.0 | +9.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 132 | +247.4% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 14.26 | +1.2 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -2.67 | −3.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 15.84 | +30.6 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance +34.9% 1Y
1Y: ₹104.6 on 24 Oct 2025 → ₹141.07. High ₹183.36 (20 Aug 2026), low ₹103.32 (14 Nov 2025).
- Previous close
- ₹153.83
- Market cap
- ₹6.5k Cr
- 52-week range
- ₹103.32 – ₹183.36
- One year
- +33.31%
- Price to earnings (TTM to Sept 2026)
- 12.64×
- Return on equity (TTM to Sept 2026)
- 14.26%
Overview
- Symbol
- NSE:GAEL
- Exchange
- NSE
- Currency
- INR
What Gujarat Ambuja Exports Limited does
Based on the company's own presentations, annual report and earnings calls.
Gujarat Ambuja Exports Limited (GAEL) is an agro-processing company, established in 1991, that mills maize (corn) and oilseeds into starch derivatives, edible oils, animal feed and cotton yarn, and is diversifying into fermentation-based specialty chemicals (such as sorbitol) and grain-based ethanol/extra-neutral alcohol. It earns by selling these ingredients to FMCG, pharmaceutical, paints, paper, textile and animal-nutrition customers in India and overseas, with products used by brands such as ITC, Dabur, HUL, Colgate and Mondelez. The Company operates an integrated, backward-and-forward-linked model spanning solvent extraction, oil refining, corn wet milling, cotton spinning and captive renewable power generation. It is also building new capacity in fermentation derivatives and specialty chemicals to move up the value chain from commodity agro-processing.
Segments
- Maize (Corn) Processing
- Agro Processing
- Spinning
- Renewable Power
- Manufacturing facilities
- 10, across 6 Indian states
- Combined maize/corn processing capacity
- 5,200 TPD across plants in Haveri, Malda, Sitarganj, Himmatnagar and Chalisgaon
- Combined oilseed crushing (agro processing) capacity
- 4,500 TPD across plants in Kadi, Akola, Mandsaur and Pithampur
- Combined edible oil refining capacity
- 1,200 TPD
- Spinning capacity
- 42 TPD (cotton yarn, Himmatnagar)
- Countries exported to
- 120+
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +247% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,131 | 1,267 | 1,291 | 1,487 | 1,484 | 1,467 | 1,594 | 1,451 |
| Expenses | 1,008 | 1,204 | 1,195 | 1,411 | 1,385 | 1,272 | 1,362 | 1,253 |
| Operating profit | 123 | 62 | 96 | 76 | 99 | 195 | 232 | 197 |
| Operating margin | 11.0% | 4.9% | 7.0% | 5.0% | 7.0% | 13.0% | 15.0% | 14.0% |
| Other income | 9 | 25 | 30 | 19 | 28 | 26 | 39 | 17 |
| Interest | 3 | 6 | 5 | 9 | 6 | 7 | 2 | 3 |
| Depreciation | 32 | 32 | 35 | 35 | 33 | 34 | 33 | 34 |
| Profit before tax | 97 | 49 | 86 | 51 | 88 | 180 | 235 | 177 |
| Tax rate | 27.0% | 35.0% | 24.0% | 25.0% | 25.0% | 25.0% | 25.0% | 26.0% |
| Net profit | 71 | 32 | 65 | 38 | 66 | 135 | 177 | 132 |
| EPS (₹ per share) | 1.56 | 0.70 | 1.42 | 0.83 | 1.44 | 2.95 | 3.85 | 2.87 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 4,909 | 4,927 | 4,613 | 5,729 |
| Expenses | 4,434 | 4,484 | 4,212 | 5,263 |
| Operating profit | 476 | 442 | 401 | 466 |
| Other income | 74 | 145 | 83 | 103 |
| Interest | 13 | 18 | 16 | 27 |
| Depreciation | 95 | 120 | 126 | 137 |
| Profit before tax | 441 | 447 | 340 | 405 |
| Net profit | 330 | 346 | 249 | 304 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 23 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 2,411 | 2,723 | 2,956 | 3,047 | 3,249 | 3,544 |
| Borrowings | 229 | 199 | 229 | 288 | 441 | 473 |
| Other liabilities | 289 | 342 | 356 | 393 | 424 | 480 |
| Total liabilities | 2,952 | 3,310 | 3,587 | 3,774 | 4,160 | 4,543 |
| Fixed assets | 1,042 | 1,037 | 1,179 | 1,175 | 1,185 | 1,181 |
| Capital work in progress | 87 | 153 | 235 | 335 | 443 | 634 |
| Investments | 650 | 840 | 938 | 940 | 1,061 | 1,018 |
| Other assets | 1,172 | 1,280 | 1,234 | 1,325 | 1,472 | 1,711 |
| Total assets | 2,952 | 3,310 | 3,587 | 3,774 | 4,160 | 4,543 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 298 | 596 | 241 | 213 | 341 | 228 |
| Cash from investing | -302 | -777 | -72 | -253 | -336 | -401 |
| Cash from financing | 1 | 100 | -76 | -55 | -13 | 176 |
| Net cash flow | -3 | -81 | 93 | -95 | -8 | 4 |
| Free cash flow | 149 | 312 | 44 | 4 | 47 | -153 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 17 | 18 | 21 | 24 | 28 | 28 |
| Inventory days | 77 | 76 | 69 | 81 | 79 | 70 |
| Days payable | 18 | 21 | 15 | 18 | 14 | 13 |
| Cash conversion cycle | 76 | 73 | 75 | 87 | 94 | 84 |
| Working capital days | 44 | 31 | 44 | 56 | 56 | 42 |
| Return on capital employed | 28.0% | 30.0% | 18.0% | 16.0% | 11.0% | 12.0% |
| Dividend payout | 4.0% | 3.0% | 5.0% | 0.0% | 5.0% | 5.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Maize Processing Division contributes 68.0% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Maize Processing Division 68.0%
₹1,084.75 crore
- Other Agro Processing Division 30.3%
₹483.54 crore
- Spinning Division 1.5%
₹23.72 crore
- Renewable Power Division 0.1%
₹2.21 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Maize Processing Division | 1,084.75 | 68.0% |
| Other Agro Processing Division | 483.54 | 30.3% |
| Spinning Division | 23.72 | 1.5% |
| Renewable Power Division | 2.21 | 0.1% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹1,594.22 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹1,594.22 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Other Agro Processing Division grew from 15% to 30% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Maize Processing Division | — | — | — | 62% | 62% | 51% | 74% | 68% | +36.3% |
| Other Agro Processing Division | 15% | — | — | 36% | 37% | 48% | 25% | 30% | +1.7% |
| Spinning Division | 1% | — | — | 2% | 1% | 1% | 1% | 1% | +37.6% |
| Renewable Power Division | <1% | — | — | <1% | <1% | <1% | <1% | <1% | -14.7% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
What the price assumes
ExpensiveTo justify its price of ₹141, this stock must grow earnings at 6% every year for 7 years. Our analysis caps realistic growth at ~-3%. At that growth it is worth ₹89 — downside of 37%.
- Growth the price implies
- 5.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -2.7% a year
- net profit, FY23–FY26 · EPS -2.7%
- The gap
- 0.1 pp
- -37% downside if it only repeats history
Ownership
Who owns it
Promoters hold 63.84% as of Sept 2026; institutions added 0.89 pts since Jun 2026.
- Promoters 63.84%
- Foreign institutions 3.31%
- Domestic institutions 1.25%
- Public 31.59%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +0.14 pp 6.36% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Gujarat Ambuja Exports Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 52.40% | unchanged | |
| 6.36% | +0.14 pp | |
| 6.18% | unchanged | |
| 3.06% | unchanged | |
| 2.16% | unchanged | |
| Endowment | 1.19% | unchanged |
| 0.04% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Start an Inve Case for Gujarat Ambuja Exports Limited
Free account: one company. Everything above stays public.
Write why you follow Gujarat Ambuja Exports Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Fast Moving Consumer Goods companies
Learn to analyse Gujarat Ambuja Exports Limited
Guides on how to read this kind of business and the numbers that matter.