As of 6 Nov 2026, Gujarat Ambuja Exports trades at 13.5× trailing earnings, below the industry P/E of 19.5×, and the shares are 19% below their 52-week high. Sales grew 5.3% a year over 3 years while net profit fell 2.7%, with ROCE of 12% and ROE of 15%. Debt is 0.13× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹6,893 Cr, ranked 19th of 127 Packaged Foods companies by market cap; the shares rose 41% over the past year.
- ₹152.00
- ₹152.49
- ₹148.70
- ₹152.40
- 3.6 L
Health check
- ReturnsAhead
+40.9% over a year, better than 6 of 7 peers.
- Price tagCheaper
P/E 13.5 vs industry 19.5.
- GrowthSlow
Sales +5.3%, profit −2.7% a year over 3 years.
- ProfitabilityAverage
ROCE 12.4% vs peer median 15.3%.
- Balance sheetFair
Debt 0.13× equity, interest covered 16.8×, Piotroski 5 of 9.
- Red flags1 to check
Quarterly sales down 2.4% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹6,893 Cr
- Small cap
- P/E
- 13.5
- Industry 19.5
- Price to book
- 1.92
- Peers 8.88
- Dividend yield
- 0.20%
- ROE
- 15.3%
- Peers 14.8%
- ROCE
- 12.4%
- Peers 15.3%
- Debt to equity
- 0.13
- Debt ₹473 Cr
- EPS (TTM)
- ₹11.12
- Face value ₹1
- OPM (TTM)
- 12.1%
- Net margin 8.5%
- Sales growth
- −2.4%
- Latest quarter vs a year ago
- Profit growth
- +246.6%
- Latest quarter vs a year ago
- Price to sales
- 1.15
- EV/EBITDA 9.3
Strengths and risks
Strengths
- Quarterly profit up 246.6% on a year ago.
- P/E of 13.5 against an industry P/E of 19.5.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly sales down 2.4% on a year ago.
About Gujarat Ambuja Exports
Gujarat Ambuja Exports Limited engages in the agro processing business in India and internationally. It operates through the Agro, Spinning, Maize, and Power segments. The company offers starch derivatives, including maize starch, liquid glucose, dextrose monohydrate powder, maltodextrin, sorbitol 70% solution, dextrose anhydrous powder, pregelatinized starch, maltitol syrup, glucose syrup solids, high maltose corn syrup, and dextrose syrup; and soya…
- Headquarters
- Ahmedabad
- Employees
- 2,245
- Sector
- Consumer Defensive
- ISIN
- INE036B01030
- Website
- ambujagroup.com
Price range
- Avg volume (3M)
- 9.1 L
- 1-year return
- plus 40.9%
- From 52-week high
- minus 18.8%
Peers · Packaged Foods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEINDNestle India | 1,282.10 | plus 1.89% | 2,47,229 | 60.6 | 42.76 | – | 79.9% | 21.0% | – | – | 0.94% | minus 0.5% |
| BRITANNIABritannia Industries | 4,785.00 | minus 3.92% | 1,15,255 | 43.2 | 27.13 | 61.2% | 66.7% | 18.4% | 5.7% | 3.0% | 1.89% | minus 15.5% |
| TATACONSUMTata Consumer Products | 1,086.30 | plus 0.80% | 1,07,511 | 63.3 | 4.86 | 8.3% | 7.6% | 14.0% | 13.9% | 8.6% | 0.92% | minus 8.6% |
| PATANJALIPatanjali Foods | 411.50 | plus 0.19% | 44,776 | 22.7 | 3.42 | 11.2% | 14.8% | 4.2% | 8.7% | 27.0% | 0.98% | minus 28.6% |
| HATSUNHatsun Agro Product | 1,068.10 | plus 0.33% | 23,792 | 66.0 | 12.07 | 20.2% | 19.0% | 10.7% | 11.2% | 29.0% | 1.87% | plus 2.4% |
| MILKYMISTMilky Mist Dairy Food | 297.20 | plus 0.93% | 22,880 | 91.2 | 8.88 | – | 9.7% | 10.1% | – | – | 0.00% | plus 63.7% |
| AWLAWL Agri Business | 167.00 | minus 0.48% | 21,573 | 18.7 | 1.98 | 15.3% | 11.1% | 2.9% | 8.7% | 21.4% | 0.60% | minus 39.5% |
| GAELGujarat Ambuja Exports | 150.28 | minus 1.39% | 6,893 | 13.5 | 1.92 | 12.4% | 15.3% | 12.1% | 5.3% | −2.7% | 0.20% | plus 40.9% |
| Median of 7 peers | – | 0.33% | 44,776 | 60.6 | 8.88 | 15.3% | 14.8% | 10.7% | 8.7% | 21.4% | 0.94% | −8.6% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,487 | 1,484 | 1,467 | 1,594 | 1,451 | |
| 1,411 | 1,385 | 1,272 | 1,362 | 1,253 | |
| 75.9 | 99.4 | 195 | 232 | 197 | |
| 5.1% | 6.7% | 13.3% | 14.5% | 13.6% | |
| 19.2 | 32.4 | 25.3 | 39.1 | 17 | |
| 9.1 | 5.5 | 7.4 | 2.5 | 3.2 | |
| 35.1 | 33.4 | 33.7 | 33.3 | 33.9 | |
| – | −4.7 | 0.7 | – | – | |
| 50.8 | 88.2 | 180 | 235 | 177 | |
| 25.1% | −25.3% | −24.7% | 24.9% | 25.6% | |
| 38 | 65.9 | 135 | 177 | 132 | |
| 0.83 | 1.44 | 2.95 | 3.85 | 2.87 |
Profit & loss
- Sales CAGR 3Y
- +5.3%
- Profit CAGR 3Y
- −2.7%
- EPS CAGR 3Y
- −2.7%
- ROE
- 15.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4,874 | 4,900 | 4,583 | 5,694 | |
| – | +0.5% | minus 6.5% | +24.2% | |
| 4,394 | 4,455 | 4,168 | 5,205 | |
| 480 | 444 | 415 | 489 | |
| 9.9% | 9.1% | 9.1% | 8.6% | |
| 61.9 | 138 | 76.3 | 69.8 | |
| 9.8 | 14.1 | 15.7 | 25.5 | |
| 94.7 | 121 | 126 | 138 | |
| 3.5 | −0.1 | −9 | 8.9 | |
| 441 | 448 | 341 | 404 | |
| −25.2% | −22.7% | 26.9% | 24.8% | |
| 330 | 346 | 249 | 304 | |
| – | +4.8% | minus 27.9% | +22.0% | |
| 7.20 | 7.54 | 5.44 | 6.63 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.9 | 45.9 | 45.9 | 45.9 | |
| 2,411 | 2,723 | 2,956 | 3,249 | |
| 227 | 197 | 229 | 441 | |
| 291 | 344 | 356 | 424 | |
| 2,952 | 3,310 | 3,587 | 4,160 | |
| 1,129 | 1,238 | 1,444 | 1,695 | |
| 87 | 202 | 266 | 511 | |
| 74.5 | 171 | 180 | 210 | |
| 682 | 683 | 762 | 861 | |
| 979 | 1,015 | 936 | 883 | |
| 2,952 | 3,310 | 3,587 | 4,160 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 241 | 213 | 341 | 228 | |
| −72.4 | −253 | −336 | −401 | |
| −75.7 | −54.5 | −12.6 | 176 | |
| 93.4 | −94.6 | −8.2 | 3.8 | |
| −198 | −209 | −296 | −383 | |
| 43.8 | 4 | 44.2 | −155 | |
| −14.9 | −16.1 | −16.1 | −11.5 |
Shareholding pattern
- Promoters63.84%
- Public36.16%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 63.84% | 36.16% | 0.00 | |
| 30 Jun 2026 | 63.84% | 36.16% | 0.00 | |
| 31 Mar 2026 | 63.84% | 36.16% | 0.00 | |
| 31 Dec 2025 | 63.84% | 36.16% | 0.00 | |
| 30 Sep 2025 | 63.84% | 36.16% | – |
Major shareholders
Filings & events
News
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