Gujarat Ambuja Exports share price
NSE: GAELBSE: 524226Agricultural Food & other ProductsSmall Cap
Gujarat Ambuja Exports Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Sep 1992 on BSE, Oct 2000 on NSE
Last close ₹139.28down ₹5.57 (3.85%)BSE ₹139.40
Share price at the NSE close on 30 Oct 2026. Previous close ₹144.85.
30 Oct: open ₹145.00, high ₹145.00, low ₹137.35
52-week range of traded prices to 30 Oct 2026
₹102.05Low, 17 Nov 2025₹184.99High, 21 Aug 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹6,388 Cr692nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 12.53
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.78
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.22%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 15.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 14.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.13
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,86,95358.8% delivered
About Gujarat Ambuja Exports
Gujarat Ambuja Exports Limited makes corn starch derivatives, soya derivatives, feed ingredients, edible oils and textile yarn, with a growing presence in fermentation-based specialty chemicals.1 Its products serve industries including pharmaceuticals, food processing, animal nutrition, paints, cosmetics, paper, textiles and construction.2 It manufactures in Gujarat, Uttarakhand, Karnataka, Maharashtra, Madhya Pradesh and West Bengal.3
It was incorporated in 1991.4 Its operations span maize processing, agro-processing, cotton yarn and renewable energy.5 Its brands include Ambuja Moon, Triveni, Happy and Ojas for hydrogenated vegetable oil (used as a cooking fat), and Ambuja Gold, Health and Magic for edible oil.6 Its only subsidiary is Maiz Citchem Limited, wholly owned and incorporated in 2022.78
Manish Vijaykumar Gupta, a promoter, is its Chairman and Managing Director.9 Promoters and the promoter group held 63.84% of the shares at the end of Mar 2026.10
Gujarat Ambuja Exports key points
Results
- On a standalone basis, revenue from operations was ₹5,728.60 crore in the year to Mar 2026, up 24.20% from ₹4,612.58 crore a year earlier.11
- Standalone EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹574.02 crore against ₹484.87 crore a year earlier, an EBITDA margin of 10.02% against 10.51%.12
- Standalone profit after tax was ₹305 crore and earnings per share (profit for each share) was ₹6.65 in the year to Mar 2026.13
Business segments
- Maize processing. Maize processing makes starch and starch derivatives such as liquid glucose, maltodextrin, dextrose and sorbitol. Its standalone revenue was ₹3,566 crore in the year to Mar 2026.1415
- Agro-processing. Agro-processing handles oilseeds, edible oils, de-oiled cakes and other agro-based products. Its standalone revenue, as the company presents it, was ₹2,089 crore in the year to Mar 2026.1617
- Spinning. Spinning produces cotton and polyester yarn across a range of counts and blends for domestic and export customers.18
- Renewable power. Renewable power from wind, solar, biomass and biogas has a combined capacity of 47 MW.1920
Revenue mix
- Largest products by share of turnover21
Item year to Mar 2026 Starch powder 23.22% Rape DOC (de-oiled cake, what is left after oil is extracted) 10.23% Soya DOC (de-oiled cake) 10.01%
Plants and capacity
- The company has 10 manufacturing facilities across 6 states. They carry out corn wet milling, solvent extraction (extracting oil from oilseeds), edible oil refining, wheat processing, cattle feed production, yarn spinning and fermentation-based chemicals.2425
- Capacity in tonnes per day (TPD) and how much of it was used26
Item year to Mar 2026 Maize processing 5,600 TPD, 83% used Agro-processing 4,500 TPD, 75% used Spinning 42 TPD, 78% used - At Sitarganj, the company unveiled 1,200 TPD of maize processing capacity, taking the unit's total maize processing capacity to 2,000 TPD.27
- At Hubli, Karnataka, maltodextrin (a starch-based ingredient for food and pharmaceuticals) capacity was expanded from 7,000 tonnes per annum (TPA) to 23,000 TPA.28
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that it plans a 900 TPD greenfield (new-site) corn wet-milling plant at Himmatnagar, Gujarat, by 2027, taking total capacity to 6,500 TPD.29
- The company stated in its annual report for the year to Mar 2026 that it targets 1,20,000 TPA of aggregate installed capacity in fermentation-based products by 2028.30
- On a standalone basis, the company invested ₹238.28 crore in new projects in the year to Mar 2026, apart from routine capital expenditure.31
Borrowings
Recent events
- On 28 Oct 2026, Crisil Ratings upgraded its credit rating on ₹649.00 crore of the company's long-term bank facilities to Crisil AA/Stable from Crisil AA-/Stable.34
- On 8 Oct 2026, CARE Ratings reaffirmed its CARE AA- rating on the company's bank facilities and revised the outlook to Positive from Stable.35
- On 9 May 2026, the board recommended a final dividend of ₹0.30 per equity share, ₹13.76 crore in total, for the year to Mar 2026, subject to shareholder approval. The company's documents give no outcome.36
- On 19 Dec 2025, the company began commercial production at its 30,000 TPA sodium gluconate (a chemical used as a concrete additive) plant in Hubli, Karnataka, which it calls India's first maize starch-based fermentation plant.37
Last updated
All 37 sources, each with its page
- 1. Annual report, 12 Aug 2026, page 8
- 2. Annual report, 12 Aug 2026, page 8
- 3. Annual report, 12 Aug 2026, page 21
- 4. Annual report, 12 Aug 2026, page 56
- 5. Annual report, 12 Aug 2026, page 53
- 6. Annual report, 12 Aug 2026, page 12
- 7. Annual report, 12 Aug 2026, page 27
- 8. Annual report, 12 Aug 2026, page 7
- 9. Annual report, 12 Aug 2026, page 23
- 10. Annual report, 12 Aug 2026, page 137
- 11. Annual report, 12 Aug 2026, page 27
- 12. Annual report, 12 Aug 2026, page 27
- 13. Annual report, 12 Aug 2026, page 5
- 14. Annual report, 12 Aug 2026, page 53
- 15. Annual report, 12 Aug 2026, page 5
- 16. Annual report, 12 Aug 2026, page 53
- 17. Annual report, 12 Aug 2026, page 5
- 18. Annual report, 12 Aug 2026, page 19
- 19. Annual report, 12 Aug 2026, page 18
- 20. Annual report, 12 Aug 2026, page 22
- 21. Annual report, 12 Aug 2026, page 56
- 22. Annual report, 12 Aug 2026, page 27
- 23. Annual report, 12 Aug 2026, page 56
- 24. Annual report, 12 Aug 2026, page 15
- 25. Annual report, 12 Aug 2026, page 18
- 26. Annual report, 12 Aug 2026, page 15
- 27. Annual report, 12 Aug 2026, page 5
- 28. Annual report, 12 Aug 2026, page 5
- 29. Annual report, 12 Aug 2026, page 5
- 30. Annual report, 12 Aug 2026, page 5
- 31. Annual report, 12 Aug 2026, page 27
- 32. Annual report, 12 Aug 2026, page 27
- 33. Annual report, 12 Aug 2026, page 28
- 34. Exchange filing, 29 Oct 2026, page 1
- 35. Exchange filing, 8 Oct 2026, page 1
- 36. Annual report, 12 Aug 2026, page 27
- 37. Exchange filing, 19 Dec 2025, page 1
Results
Standalone, as consolidated accounts are on record for only 6 of the last ten years; ₹ crore.Gujarat Ambuja Exports quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +15.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +147.1%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,451 Crdown 8.97%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹132 Crdown 25.40%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 9.1%
Revenue by quarter
Peak revenue ₹1,594 Cr, quarter to Jun 2026; lowest ₹1,131 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,131 | 1,267 | 1,291 | 1,487 | 1,484 | 1,466 | 1,594 | 1,451 |
| Net profit | 72 | 33 | 65 | 38 | 66 | 135 | 177 | 132 |
| Net margin | 6.4% | 2.6% | 5.1% | 2.6% | 4.5% | 9.2% | 11.1% | 9.1% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,729 Crup 24.20%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹305 Crup 21.60%
- Net margin
- 5.3%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,379what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹48 crore, a tax on the goods the company makes that it collects and pays to the government. | 3,377what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹12 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,021 | 3,817 | 4,705 | 4,670 | 4,909 | 4,927 | 4,613 | 5,729 |
| Net profit | 159 | 180 | 198 | 146 | 338 | 475 | 330 | 346 | 251 | 305 |
| Net margin | 4.7% | 5.3% | 4.9% | 3.8% | 7.2% | 10.2% | 6.7% | 7.0% | 5.4% | 5.3% |
Standalone. Years to March. The latest is shaded.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Maize Processing DivisionMaize Processing Division, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,566 Crup 5.61%62.2%
- Other Agro Processing DivisionOther Agro Processing Division, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,089 Crup 78.84%36.5%
- Spinning DivisionSpinning Division, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹65 Crup 8.52%1.1%
- Renewable Power DivisionRenewable Power Division, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹8 Cr0.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Gujarat Ambuja Exports PE ratio and valuation
Price to earnings
At or below today's level on 41% of 2,479 trading days over the last 10 years.
LowestHighest
Its median13.73Industry median15.01
Price to book
At or below today's level on 25% of 1,983 trading days since Oct 2018.
LowestHighest
Its median2.23Industry median1.66
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 28% of 2,454 trading days over the last 10 years.
LowestHighest
Its median0.28%Industry median0.72%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +33.3% | +21.6% | +9.5% | 0.2% |
| 3 years | +5.6% | −2.6% | +8.2% | 0.2% |
| 5 years | +16.5% | −2.0% | +18.7% | 0.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
11 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 7 of the 9 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 11 funds holding Gujarat Ambuja Exports
- AddedAdded. Funds that held more shares than at the end of the month before.
- 4
- CutCut. Funds that held fewer shares than at the end of the month before.
- 5
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 1
| Fund | |||
|---|---|---|---|
 Old Bridge Flexi Cap FundOld Bridge Mutual Fund | 10,57,000 | 3.76% | ₹16.9 Cr |
 Motilal Oswal Nifty Microcap 250 Index FundMotilal Oswal Mutual Fund | 3,72,418 | 0.25% | ₹5.97 Cr |
 Quantum Small Cap FundQuantum Mutual Fund | 2,97,238 | 1.82% | ₹4.76 Cr |
| Quantum Flexi Cap FundQuantum Mutual Fund | 72,189 | 1.79% | ₹1.16 Cr |
 Samco Small Cap FundSamco Mutual Fund | 23,000 | 0.14% | ₹0.37 Cr |
 Groww Nifty Total Market Index FundGroww Mutual Fund | 2,434 | 0.01% | ₹0.04 Cr |
 Angel One Nifty Total Market Index FundAngel One Mutual Fund | 406 | 0.01% | ₹65,050 |
| Motilal Oswal BSE 1000 Index FundMotilal Oswal Mutual Fund | 405 | 0.01% | ₹65,000 |
 Mirae Asset Nifty Total Market Index FundMirae Asset Mutual Fund | 334 | 0.01% | ₹54,000 |
 Bandhan Nifty Total Market Index FundBandhan Mutual Fund | 290 | 0.01% | ₹46,000 |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Gujarat Ambuja Exports competitors and peers
Other Agricultural Products, 93 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Gujarat Ambuja Exports in market cap.FMCG companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 LT FoodsLTFOODS | 13,178 | 20.07 | 2.69 | +24.3% | +3.2% | 14.5% | 16.6% | 0.53% |
 KRBLKRBL | 7,898 | 10.42 | 1.36 | +0.5% | +40.4% | 13.7% | 15.0% | 1.30% |
 Kaveri Seed CompanyKSCL | 3,390 | 13.23 | 1.67 | −2.8% | −15.3% | 13.4% | 11.9% | 0.76% |
 TruAlt BioenergyTRUALT | 3,084 | 13.95 | 1.90 | – | – | 14.6% | 11.8% | 0.00% |
 Amir Chand Jagdish Kumar (Exports)AEROPLANE | 2,256 | – | 2.44 | – | – | – | – | 0.00% |
 SanstarSANSTAR | 1,901 | 43.20 | – | +2.2% | +63.2% | 6.5% | 5.8% | 0.00% |
 GRM OverseasGRMOVER | 1,875 | – | 3.12 | +43.2% | – | – | 10.1% | 0.00% |
 AVT Natural ProductsAVTNPL | 1,338 | 15.96 | 2.39 | +40.8% | +54.1% | 15.7% | 15.2% | 0.91% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Gujarat Ambuja Exports dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹0.35 a share, years to Mar 2023 and Mar 2024.
| Ex-date | Type | Per share |
|---|---|---|
| 28 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.30 |
| 22 Aug 2025 | Final | ₹0.25 |
| 23 Aug 2024 | Final | ₹0.35 |
| 25 Aug 2023 | Final | ₹0.70 |
| 1 Aug 2022 | Final | ₹0.65 |
| 18 Aug 2021 | Final | ₹0.60 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Gujarat Ambuja Exports announcements
Oct 2026
29 Oct · Rating
24 Oct · Results
8 Oct · Rating
Sep 2026
Gujarat Ambuja Exports share price by year
Each calendar year to 2025.Gujarat Ambuja Exports share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 137.81 | +10.7% | 137.81 | 101.18 |
| 2024 | 124.50 | −32.2% | 205.90 | 119.90 |
| 2023 | 183.53 | +43.5% | 201.38 | 112.78 |
| 2022 | 127.88 | +51.0% | 180.85 | 82.58 |
| 2021 | 84.68 | +43.6% | 97.05 | 60.53 |
| 2020 | 58.98 | +77.3% | 63.00 | 21.84 |
| 2019 | 33.26 | −44.6% | 62.03 | 29.58 |
| 2018 | 60.09 | +23.1% | 74.54 | 44.31 |
| 2017 | 48.81 | +118.9% | 50.30 | 22.49 |
| 2016 | 22.30 | +88.6% | 25.15 | 9.08 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 145.25 | 145.62 | 142.30 | 144.85 | 143.94 | 5,67,450 | 51.4% |
| 28 Oct 2026 | 144.50 | 147.09 | 140.90 | 145.83 | 144.99 | 7,67,063 | 47.2% |
| 27 Oct 2026 | 140.60 | 145.00 | 140.60 | 143.90 | 143.58 | 8,69,818 | 48.1% |
| 26 Oct 2026 | 150.14 | 150.75 | 138.99 | 141.07 | 142.52 | 32,25,781 | 32.4% |
| 23 Oct 2026 | 157.90 | 157.90 | 148.50 | 153.83 | 152.27 | 14,94,526 | 53.5% |
| 22 Oct 2026 | 160.90 | 163.50 | 157.14 | 158.57 | 159.91 | 7,14,035 | 50.6% |
| 21 Oct 2026 | 166.20 | 167.87 | 159.73 | 161.24 | 162.03 | 7,18,491 | 51.3% |
| 19 Oct 2026 | 175.01 | 175.09 | 164.10 | 165.45 | 168.39 | 10,06,940 | 55.1% |
| 16 Oct 2026 | 174.00 | 174.97 | 170.92 | 174.14 | 173.17 | 6,75,501 | 49.6% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 15 Mar 2024 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 1 Oct 2020 | Split | 0.5000 | Each share became 2. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- NSE symbol
- GAEL
- BSE code
- 524226
- ISIN
- INE036B01030
- Industry
- Agricultural Food & other Products
- Website
- www.ambujagroup.com
- CIN
- L15140GJ1991PLC016151
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1991
- Registered office
- Ambuja Tower, Opp. Sindhu Bhavan, Sindhu Bhavan Road, Bodakdev, P.O. Thaltej, Ahmedabad 380059, Gujarat
- Share registrar
- Jupiter Corporate Services Ltd
- Keeps the register of shareholders and handles transfers and dividend payments