20-quarter listed-company comparison

Agricultural Processing - Maize Stocks in India

Agricultural Processing - Maize: Gujarat Ambuja Exports Ltd owns the largest revenue base; AVT Natural Products Ltd has the fastest current growth.

Nifty Agricultural Processing - Maize Index — Constituents & Performance

The Agricultural Processing - Maize companies below are the listed Indian Agricultural Processing - Maize universe this page tracks — the same constituent set people search for as the Nifty Agricultural Processing - Maize index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Agricultural Processing - Maize moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 4% behind NIFTY 500. Earnings across its companies grew 3% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 16 weeks running.

FADING · −2 in 4w✓Moving with the index1 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑16w · 3/3 >200d (+0) · 1/3 lead (−2) · EPS 2/3↑

Agricultural Processing - Maize, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Strength anatomy MixedHow much of the sector is participating, how recently, and whether the movers score well.

Together1 of 3 stocks moving

Fresh0 crossed in the last 4 weeks

Backed by scoresmovers score +2 vs the sector average

Down the cap ladder — bar is now, tick is four weeks ago

Large 0/1−1

Mid 1/10

Small 0/1−1

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Agricultural Processing - Maize outperforming NIFTY 500?

The 52-week comparison of Agricultural Processing - Maize against NIFTY 500 is not available from the current market series. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Sanstar Ltd is the strongest against the sector itself at +5.7%.

—Sector vs NIFTY 500 · 13 weeks

—Sector vs NIFTY 500 · 52 weeks

3/4Stocks leading NIFTY 500

2/4Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Gujarat Ambuja Exports Ltd leads with revenue of ₹5,729 crore, based on 3 of 4 comparable companies through Mar 2026. AVT Natural Products Ltd has the fastest current revenue growth at 27.8%, across 3 of 4 comparable companies.

Is the Agricultural Processing - Maize sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Agricultural Processing - Maize company is largest by revenue?

Gujarat Ambuja Exports Ltd leads with revenue of ₹5,729 crore, based on 3 of 4 comparable companies through Mar 2026.

Which Agricultural Processing - Maize company is growing fastest?

AVT Natural Products Ltd has the fastest current revenue growth at 27.8%, across 3 of 4 comparable companies.

Which Agricultural Processing - Maize company has the strongest 4-Factor Sector Score?

Gujarat Ambuja Exports Ltd ranks first at 65/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Agricultural Processing - Maize company reports the most CAPEX?

Sanstar Ltd reports the largest latest CAPEX at ₹13 crore, with 1 of 4 companies comparable.

Which Agricultural Processing - Maize company has the least gross debt?

Sanstar Ltd has the lowest comparable gross debt at ₹20 crore. Gujarat Ambuja Exports Ltd has the highest at ₹441 crore.

Which Agricultural Processing - Maize company has the lowest comparable PEG?

Gujarat Ambuja Exports Ltd has the lowest comparable Guarded PEG at 1.56, among 1 of 4 companies that pass the metric’s comparability rules.

How much history does this Agricultural Processing - Maize comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies

complete canonical membership

Combined market value

₹10.7K Cr

Gujarat Ambuja Exports Ltd

Revenue growing

2/3

positive TTM year-on-year growth

Beating NIFTY 500

3/4

positive Mansfield relative strength

Global company selection

00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Gujarat Ambuja Exports Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.

Sanstar Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Gujarat Ambuja Exports Ltd · GAEL

65.0/100 · Favorable setup · 97% evidence

Exact sum: 27.9 + 13.9 + 9.6 + 13.6 = 65

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

27.9/35Growth & earnings

Revenue 24.2% · PAT 22.1% · OPM change 8 pp

100% evidence

13.9/25Capital efficiency

ROCE 12.5% · debt/equity 0.13×

100% evidence

9.6/20Valuation

P/E 22.6× · PEG 1.56

85% evidence

13.6/20Relative strength

RS sector 4.5% · RS bench 10.6% · 1Y 30.5%

100% evidence

2. AVT Natural Products Ltd · AVTNPL

64.7/100 · Mixed-positive evidence · 84% evidence

Exact sum: 27.9 + 16 + 12.7 + 8.1 = 64.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

27.9/35Growth & earnings

Revenue 27.8% · PAT 33.3% · OPM change 0 pp

95% evidence

16.0/25Capital efficiency

ROCE 14.2% · debt/equity 0.2×

95% evidence

12.7/20Valuation

P/E 16.4× · PEG —

35% evidence

8.1/20Relative strength

RS sector -5.5% · RS bench 1.3% · 1Y 1%

100% evidence

3. Sukhjit Starch & Chemicals Ltd · SUKHJITS

26.9/100 · Adverse evidence · 84% evidence

Exact sum: 10.2 + 9.2 + 7.5 + 0 = 26.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

10.2/35Growth & earnings

Revenue -4.3% · PAT -34.1% · OPM change 1 pp

95% evidence

9.2/25Capital efficiency

ROCE 7.6% · debt/equity 0.61×

95% evidence

7.5/20Valuation

P/E 18.4× · PEG —

35% evidence

0.0/20Relative strength

RS sector -12.4% · RS bench -6.6% · 1Y -7%

100% evidence

4. Sanstar Ltd · SANSTAR

68.0/100 · Thin evidence · provisional · 46% evidence

Exact sum: 17.3 + 20.7 + 10 + 20 = 68

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.3/35Growth & earnings

Revenue — · PAT — · OPM change 1 pp

6% evidence

20.7/25Capital efficiency

ROCE 29.2% · debt/equity 0.03×

95% evidence

10.0/20Valuation

P/E 31.9× · PEG —

0% evidence

20.0/20Relative strength

RS sector 5.7% · RS bench 12.5% · 1Y 12%

100% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Gujarat Ambuja Exports Ltd has the highest Revenue among the 4 Agricultural Processing - Maize companies compared here, at ₹5,729 crore. Sukhjit Starch & Chemicals Ltd is next at ₹1,433 crore. AVT Natural Products Ltd has the highest Revenue growth at 27.8%, so level and change sit with different companies.

What the numbers say: Gujarat Ambuja Exports Ltd is the scale leader at ₹5,729 crore, 299.8% ahead of Sukhjit Starch & Chemicals Ltd. AVT Natural Products Ltd's growth is 27.8% from a ₹712 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderGujarat Ambuja Exports Ltd · ₹5,729 crore

Gap299.8% versus #2 · Sukhjit Starch & Chemicals Ltd

Persistence5/8 recent comparable periods

Coverage3/4 companies · 50 observations

Investor read: Gujarat Ambuja Exports Ltd is the scale benchmark; AVT Natural Products Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Gujarat Ambuja Exports Ltd's growth falls below AVT Natural Products Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Gujarat Ambuja Exports Ltd GAEL₹5.7K Cr

2Sukhjit Starch & Chemicals Ltd SUKHJITS₹1.4K Cr

3AVT Natural Products Ltd AVTNPL⚠ unverified₹712 Cr

Revenue growthfastest growers

1AVT Natural Products Ltd AVTNPL⚠ unverified28%

2Gujarat Ambuja Exports Ltd GAEL24%

3Sukhjit Starch & Chemicals Ltd SUKHJITS-4.3%

Revenue · company comparison

3/4 level · 3/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Gujarat Ambuja Exports Ltd GAEL	₹1.5K Cr	16%	Mar 2026
Sukhjit Starch & Chemicals Ltd SUKHJITS	₹402 Cr	12%	Mar 2026
Sanstar Ltd SANSTAR⚠ unverified	₹291 Cr	-4.3%	Mar 2026
AVT Natural Products Ltd AVTNPL⚠ unverified	₹226 Cr	44%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹139 Cr

Mar 2023₹134 Cr

Jun 2023₹103 Cr

Sep 2023₹135 Cr

Dec 2023₹154 Cr

Mar 2024₹125 Cr

Jun 2024₹105 Cr

Sep 2024₹122 Cr

Dec 2024₹173 Cr

Mar 2025₹157 Cr

Jun 2025₹132 Cr

Sep 2025₹160 Cr

Dec 2025₹194 Cr

Mar 2026₹226 Cr

Gujarat Ambuja Exports Ltd · GAEL

Jun 2021₹1.0K Cr

Sep 2021₹1.2K Cr

Dec 2021₹1.2K Cr

Mar 2022₹1.3K Cr

Jun 2022₹1.3K Cr

Sep 2022₹1.1K Cr

Dec 2022₹1.1K Cr

Mar 2023₹1.4K Cr

Jun 2023₹1.2K Cr

Sep 2023₹1.1K Cr

Dec 2023₹1.3K Cr

Mar 2024₹1.3K Cr

Jun 2024₹1.1K Cr

Sep 2024₹1.1K Cr

Dec 2024₹1.1K Cr

Mar 2025₹1.3K Cr

Jun 2025₹1.3K Cr

Sep 2025₹1.5K Cr

Dec 2025₹1.5K Cr

Mar 2026₹1.5K Cr

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹304 Cr

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹291 Cr

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹347 Cr

Mar 2023₹391 Cr

Jun 2023₹323 Cr

Sep 2023₹321 Cr

Dec 2023₹361 Cr

Mar 2024₹370 Cr

Jun 2024₹395 Cr

Sep 2024₹368 Cr

Dec 2024₹375 Cr

Mar 2025₹360 Cr

Jun 2025₹369 Cr

Sep 2025₹315 Cr

Dec 2025₹347 Cr

Mar 2026₹402 Cr

Revenue growth · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202311%

Mar 2024-6.7%

Jun 20241.9%

Sep 2024-9.6%

Dec 202412%

Mar 202526%

Jun 202526%

Sep 202531%

Dec 202512%

Mar 202644%

Gujarat Ambuja Exports Ltd · GAEL

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202224%

Sep 2022-6.4%

Dec 2022-8.7%

Mar 202314%

Jun 2023-8.6%

Sep 20233.5%

Dec 202315%

Mar 2024-5.7%

Jun 2024-6.3%

Sep 20240.8%

Dec 2024-13%

Mar 2025-5.9%

Jun 202518%

Sep 202532%

Dec 202531%

Mar 202616%

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024-4.3%

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20234.2%

Mar 2024-5.4%

Jun 202422%

Sep 202415%

Dec 20243.9%

Mar 2025-2.7%

Jun 2025-6.6%

Sep 2025-14%

Dec 2025-7.5%

Mar 202612%

02 · compare level, then change

Operating Economics & Margin Trend

AVT Natural Products Ltd has the highest OPM among the 4 Agricultural Processing - Maize companies compared here, at 16%. Gujarat Ambuja Exports Ltd is next at 13%. Gujarat Ambuja Exports Ltd has the highest Margin change at +8 percentage points, so level and change sit with different companies. Its OPM series carries 20 reported observations across the 20-quarter window.

What the numbers say: AVT Natural Products Ltd leads opm at 16%; Gujarat Ambuja Exports Ltd leads margin change at +8 percentage points.

LeaderAVT Natural Products Ltd · 16%

Gap23.1% versus #2 · Gujarat Ambuja Exports Ltd

Persistence3/8 recent comparable periods

Coverage4/4 companies · 62 observations

Investor read: AVT Natural Products Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1AVT Natural Products Ltd AVTNPL⚠ unverified16%

2Gujarat Ambuja Exports Ltd GAEL13%

3Sanstar Ltd SANSTAR⚠ unverified9.0%

4Sukhjit Starch & Chemicals Ltd SUKHJITS6.0%

Margin changefastest expanders

1Gujarat Ambuja Exports Ltd GAEL+8.0 pp

2Sanstar Ltd SANSTAR⚠ unverified+1.0 pp

3Sukhjit Starch & Chemicals Ltd SUKHJITS+1.0 pp

4AVT Natural Products Ltd AVTNPL⚠ unverified0.0 pp

Operating margin · company comparison

4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	OPM	Margin change	Reported
AVT Natural Products Ltd AVTNPL⚠ unverified	16%	0.0 pp	Mar 2026
Gujarat Ambuja Exports Ltd GAEL	13%	+8.0 pp	Mar 2026
Sanstar Ltd SANSTAR⚠ unverified	9.0%	+1.0 pp	Mar 2026
Sukhjit Starch & Chemicals Ltd SUKHJITS	6.0%	+1.0 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 202117%

Sep 202116%

Dec 202127%

Mar 202215%

Jun 202224%

Sep 202221%

Dec 202219%

Mar 202318%

Jun 202311%

Sep 202312%

Dec 202323%

Mar 202413%

Jun 20248.0%

Sep 20247.0%

Dec 202417%

Mar 202516%

Jun 202512%

Sep 20259.0%

Dec 202512%

Mar 202616%

Gujarat Ambuja Exports Ltd · GAEL

Jun 202116%

Sep 202113%

Dec 202113%

Mar 202217%

Jun 202213%

Sep 20228.7%

Dec 202210%

Mar 20237.0%

Jun 20239.0%

Sep 20239.0%

Dec 202310%

Mar 20248.0%

Jun 202410%

Sep 202410%

Dec 202411%

Mar 20255.0%

Jun 20257.0%

Sep 20255.0%

Dec 20257.0%

Mar 202613%

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20238.0%

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20249.0%

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Jun 202112%

Sep 202113%

Dec 202114%

Mar 202214%

Jun 202211%

Sep 202211%

Dec 20229.3%

Mar 202310%

Jun 20239.0%

Sep 20239.0%

Dec 202310%

Mar 20249.0%

Jun 20249.0%

Sep 20249.0%

Dec 20248.0%

Mar 20255.0%

Jun 20255.0%

Sep 20256.0%

Dec 20256.0%

Mar 20266.0%

Margin change · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 2021+2.6 pp

Sep 2021+4.4 pp

Dec 2021+7.0 pp

Mar 2022+2.1 pp

Jun 2022+7.7 pp

Sep 2022+5.0 pp

Dec 2022−7.8 pp

Mar 2023+3.2 pp

Jun 2023−13.2 pp

Sep 2023−9.4 pp

Dec 2023+4.0 pp

Mar 2024−5.0 pp

Jun 2024−3.0 pp

Sep 2024−5.0 pp

Dec 2024−6.0 pp

Mar 2025+3.0 pp

Jun 2025+4.0 pp

Sep 2025+2.0 pp

Dec 2025−5.0 pp

Mar 20260.0 pp

Gujarat Ambuja Exports Ltd · GAEL

Jun 2021+7.2 pp

Sep 2021+1.6 pp

Dec 2021−0.1 pp

Mar 2022+5.8 pp

Jun 2022−3.2 pp

Sep 2022−4.0 pp

Dec 2022−2.9 pp

Mar 2023−10.1 pp

Jun 2023−4.1 pp

Sep 2023+0.3 pp

Dec 20230.0 pp

Mar 2024+1.0 pp

Jun 2024+1.0 pp

Sep 2024+1.0 pp

Dec 2024+1.0 pp

Mar 2025−3.0 pp

Jun 2025−3.0 pp

Sep 2025−5.0 pp

Dec 2025−4.0 pp

Mar 2026+8.0 pp

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024+1.0 pp

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Jun 2021+7.8 pp

Sep 2021+6.6 pp

Dec 2021+0.8 pp

Mar 2022+3.7 pp

Jun 2022−1.2 pp

Sep 2022−2.6 pp

Dec 2022−5.1 pp

Mar 2023−4.0 pp

Jun 2023−2.1 pp

Sep 2023−1.7 pp

Dec 2023+0.7 pp

Mar 2024−1.0 pp

Jun 20240.0 pp

Sep 20240.0 pp

Dec 2024−2.0 pp

Mar 2025−4.0 pp

Jun 2025−4.0 pp

Sep 2025−3.0 pp

Dec 2025−2.0 pp

Mar 2026+1.0 pp

03 · compare level, then change

Profit Scale & Acceleration

Gujarat Ambuja Exports Ltd has the highest Net profit among the 4 Agricultural Processing - Maize companies compared here, at ₹304 crore. AVT Natural Products Ltd is next at ₹64 crore. AVT Natural Products Ltd has the highest Profit growth at 33.3%, so level and change sit with different companies.

What the numbers say: Gujarat Ambuja Exports Ltd leads with ₹304 crore of TTM profit, 375% above AVT Natural Products Ltd. AVT Natural Products Ltd shows 33.3% growth from a ₹64 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGujarat Ambuja Exports Ltd · ₹304 crore

Gap375% versus #2 · AVT Natural Products Ltd

Persistence2/8 recent comparable periods

Coverage3/4 companies · 50 observations

Investor read: Gujarat Ambuja Exports Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Gujarat Ambuja Exports Ltd GAEL₹304 Cr

2AVT Natural Products Ltd AVTNPL⚠ unverified₹64 Cr

3Sukhjit Starch & Chemicals Ltd SUKHJITS₹27 Cr

Profit growthfastest growers

1AVT Natural Products Ltd AVTNPL⚠ unverified33%

2Gujarat Ambuja Exports Ltd GAEL22%

3Sukhjit Starch & Chemicals Ltd SUKHJITS-34%

Net profit · company comparison

3/4 level · 3/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Net profit	Profit growth	Reported
Gujarat Ambuja Exports Ltd GAEL	₹135 Cr	322%	Mar 2026
AVT Natural Products Ltd AVTNPL⚠ unverified	₹22 Cr	57%	Mar 2026
Sanstar Ltd SANSTAR⚠ unverified	₹17 Cr	21%	Mar 2026
Sukhjit Starch & Chemicals Ltd SUKHJITS	₹15 Cr	400%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹13 Cr

Mar 2023₹14 Cr

Jun 2023₹8 Cr

Sep 2023₹12 Cr

Dec 2023₹22 Cr

Mar 2024₹11 Cr

Jun 2024₹6 Cr

Sep 2024₹6 Cr

Dec 2024₹22 Cr

Mar 2025₹14 Cr

Jun 2025₹12 Cr

Sep 2025₹13 Cr

Dec 2025₹17 Cr

Mar 2026₹22 Cr

Gujarat Ambuja Exports Ltd · GAEL

Jun 2021₹114 Cr

Sep 2021₹103 Cr

Dec 2021₹105 Cr

Mar 2022₹153 Cr

Jun 2022₹115 Cr

Sep 2022₹64 Cr

Dec 2022₹82 Cr

Mar 2023₹69 Cr

Jun 2023₹71 Cr

Sep 2023₹83 Cr

Dec 2023₹101 Cr

Mar 2024₹91 Cr

Jun 2024₹77 Cr

Sep 2024₹69 Cr

Dec 2024₹71 Cr

Mar 2025₹32 Cr

Jun 2025₹65 Cr

Sep 2025₹38 Cr

Dec 2025₹66 Cr

Mar 2026₹135 Cr

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹14 Cr

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹17 Cr

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹13 Cr

Mar 2023₹15 Cr

Jun 2023₹11 Cr

Sep 2023₹11 Cr

Dec 2023₹16 Cr

Mar 2024₹12 Cr

Jun 2024₹14 Cr

Sep 2024₹13 Cr

Dec 2024₹11 Cr

Mar 2025₹3 Cr

Jun 2025₹5 Cr

Sep 2025₹4 Cr

Dec 2025₹3 Cr

Mar 2026₹15 Cr

Profit growth · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202369%

Mar 2024-21%

Jun 2024-25%

Sep 2024-50%

Dec 20240.0%

Mar 202527%

Jun 2025100%

Sep 2025117%

Dec 2025-23%

Mar 202657%

Gujarat Ambuja Exports Ltd · GAEL

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20220.9%

Sep 2022-38%

Dec 2022-22%

Mar 2023-55%

Jun 2023-38%

Sep 202330%

Dec 202323%

Mar 202432%

Jun 20248.5%

Sep 2024-17%

Dec 2024-30%

Mar 2025-65%

Jun 2025-16%

Sep 2025-45%

Dec 2025-7.0%

Mar 2026322%

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202421%

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202320%

Mar 2024-20%

Jun 202427%

Sep 202418%

Dec 2024-31%

Mar 2025-75%

Jun 2025-64%

Sep 2025-69%

Dec 2025-73%

Mar 2026400%

04 · compare level, then change

Capacity Spending & Returns On It

Sanstar Ltd has the highest CAPEX among the 4 Agricultural Processing - Maize companies compared here, at ₹13 crore. 1 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Sanstar Ltd leads capex at ₹13 crore; the second comparison lacks enough current evidence.

LeaderSanstar Ltd · ₹13 crore

GapNot enough peers

PersistenceNot enough history

Coverage1/4 companies · 1 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

CAPEXlargest spenders

1Sanstar Ltd SANSTAR⚠ unverified₹13 Cr

CAPEX intensityhighest reinvestment intensity

—Not enough comparable data—

Capital expenditure · company comparison

1/4 level · 0/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	CAPEX	CAPEX intensity	Reported
Sanstar Ltd SANSTAR⚠ unverified	₹13 Cr	—	Mar 2026

Full 20-quarter history · every available company

CAPEX · reported quarter history

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023₹13 Cr

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

No consistent historical series is available for capex intensity.

Annual capital allocation · 10-year view

4/4 capacity base · 4/4 OCF · 4/4 CAPEX · 4/4 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Mar 2017₹57 Cr

Mar 2018₹84 Cr

Mar 2019₹98 Cr

Mar 2020₹99 Cr

Mar 2021₹89 Cr

Mar 2022₹84 Cr

Mar 2023₹78 Cr

Mar 2024₹82 Cr

Mar 2025₹76 Cr

Mar 2026₹81 Cr

Gujarat Ambuja Exports Ltd · GAEL

Mar 2017₹766 Cr

Mar 2018₹826 Cr

Mar 2019₹814 Cr

Mar 2020₹799 Cr

Mar 2021₹837 Cr

Mar 2022₹1.0K Cr

Mar 2023₹1.1K Cr

Mar 2024₹1.2K Cr

Mar 2025₹1.4K Cr

Mar 2026₹1.6K Cr

Sanstar Ltd · SANSTAR⚠ unverified

Mar 2017—

Mar 2018—

Mar 2019—

Mar 2020—

Mar 2021—

Mar 2022₹136 Cr

Mar 2023₹197 Cr

Mar 2024₹222 Cr

Mar 2025—

Mar 2026—

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Mar 2017₹245 Cr

Mar 2018₹265 Cr

Mar 2019₹372 Cr

Mar 2020₹531 Cr

Mar 2021₹583 Cr

Mar 2022₹577 Cr

Mar 2023₹576 Cr

Mar 2024₹582 Cr

Mar 2025₹585 Cr

Mar 2026₹555 Cr

Operating cash flow · fiscal-year history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Mar 2017₹16 Cr

Mar 2018₹14 Cr

Mar 2019₹-30 Cr

Mar 2020₹71 Cr

Mar 2021₹8 Cr

Mar 2022₹74 Cr

Mar 2023₹51 Cr

Mar 2024₹99 Cr

Mar 2025₹-32 Cr

Mar 2026₹12 Cr

Gujarat Ambuja Exports Ltd · GAEL

Mar 2017₹57 Cr

Mar 2018₹138 Cr

Mar 2019₹573 Cr

Mar 2020₹241 Cr

Mar 2021₹298 Cr

Mar 2022₹596 Cr

Mar 2023₹241 Cr

Mar 2024₹213 Cr

Mar 2025₹341 Cr

Mar 2026₹228 Cr

Sanstar Ltd · SANSTAR⚠ unverified

Mar 2017—

Mar 2018—

Mar 2019—

Mar 2020—

Mar 2021—

Mar 2022₹30 Cr

Mar 2023₹-6 Cr

Mar 2024₹29 Cr

Mar 2025₹39 Cr

Mar 2026₹90 Cr

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Mar 2017₹40 Cr

Mar 2018₹11 Cr

Mar 2019₹126 Cr

Mar 2020₹-61 Cr

Mar 2021₹116 Cr

Mar 2022₹144 Cr

Mar 2023₹41 Cr

Mar 2024₹78 Cr

Mar 2025₹68 Cr

Mar 2026₹4 Cr

CAPEX · reported cash flow · fiscal-year history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Mar 2017₹5 Cr

Mar 2018₹34 Cr

Mar 2019₹25 Cr

Mar 2020₹15 Cr

Mar 2021₹5 Cr

Mar 2022₹9 Cr

Mar 2023₹7 Cr

Mar 2024₹18 Cr

Mar 2025₹8 Cr

Mar 2026₹16 Cr

Gujarat Ambuja Exports Ltd · GAEL

Mar 2017₹174 Cr

Mar 2018₹136 Cr

Mar 2019₹84 Cr

Mar 2020₹86 Cr

Mar 2021₹141 Cr

Mar 2022₹277 Cr

Mar 2023₹207 Cr

Mar 2024₹182 Cr

Mar 2025₹350 Cr

Mar 2026₹352 Cr

Sanstar Ltd · SANSTAR⚠ unverified

Mar 2017—

Mar 2018—

Mar 2019—

Mar 2020—

Mar 2021—

Mar 2022—

Mar 2023₹73 Cr

Mar 2024₹37 Cr

Mar 2025—

Mar 2026—

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Mar 2017₹26 Cr

Mar 2018₹35 Cr

Mar 2019₹120 Cr

Mar 2020₹173 Cr

Mar 2021₹74 Cr

Mar 2022₹29 Cr

Mar 2023₹35 Cr

Mar 2024₹41 Cr

Mar 2025₹39 Cr

Mar 2026₹4 Cr

Free cash flow · fiscal-year history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Mar 2017₹11 Cr

Mar 2018₹-20 Cr

Mar 2019₹-55 Cr

Mar 2020₹56 Cr

Mar 2021₹3 Cr

Mar 2022₹65 Cr

Mar 2023₹44 Cr

Mar 2024₹81 Cr

Mar 2025₹-40 Cr

Mar 2026₹-4 Cr

Gujarat Ambuja Exports Ltd · GAEL

Mar 2017₹-117 Cr

Mar 2018₹2 Cr

Mar 2019₹489 Cr

Mar 2020₹155 Cr

Mar 2021₹157 Cr

Mar 2022₹319 Cr

Mar 2023₹34 Cr

Mar 2024₹31 Cr

Mar 2025₹-9 Cr

Mar 2026₹-124 Cr

Sanstar Ltd · SANSTAR⚠ unverified

Mar 2017—

Mar 2018—

Mar 2019—

Mar 2020—

Mar 2021—

Mar 2022—

Mar 2023₹-79 Cr

Mar 2024₹-8 Cr

Mar 2025—

Mar 2026—

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Mar 2017₹14 Cr

Mar 2018₹-24 Cr

Mar 2019₹6 Cr

Mar 2020₹-234 Cr

Mar 2021₹42 Cr

Mar 2022₹115 Cr

Mar 2023₹6 Cr

Mar 2024₹37 Cr

Mar 2025₹29 Cr

Mar 2026₹0 Cr

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Sanstar Ltd has the lowest Gross debt among the 4 Agricultural Processing - Maize companies compared here, at ₹20 crore. AVT Natural Products Ltd is next at ₹114 crore. Gujarat Ambuja Exports Ltd has the lowest Net debt at ₹423 crore net cash, so level and change sit with different companies.

What the numbers say: Gujarat Ambuja Exports Ltd has the clearest covered balance-sheet capacity with ₹423 crore net cash and gross debt of ₹441 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderSanstar Ltd · ₹20 crore

Gap82.5% versus #2 · AVT Natural Products Ltd

Persistence7/8 recent comparable periods

Coverage4/4 companies · 58 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

Gross debtlowest gross debt

1Sanstar Ltd SANSTAR⚠ unverified₹20 Cr

2AVT Natural Products Ltd AVTNPL⚠ unverified₹114 Cr

3Sukhjit Starch & Chemicals Ltd SUKHJITS₹345 Cr

4Gujarat Ambuja Exports Ltd GAEL₹441 Cr

Net debtlowest net debt

1Gujarat Ambuja Exports Ltd GAEL₹-423 Cr

2Sanstar Ltd SANSTAR⚠ unverified₹-141 Cr

3AVT Natural Products Ltd AVTNPL⚠ unverified₹-37 Cr

Debt and balance-sheet capacity · company comparison

4/4 level · 3/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Gross debt	Net debt	Reported
Gujarat Ambuja Exports Ltd GAEL	₹441 Cr	₹-423 Cr	Mar 2026
Sukhjit Starch & Chemicals Ltd SUKHJITS	₹345 Cr	—	Mar 2026
AVT Natural Products Ltd AVTNPL⚠ unverified	₹114 Cr	₹-37 Cr	Mar 2026
Sanstar Ltd SANSTAR⚠ unverified	₹20 Cr	₹-141 Cr	Mar 2026

Full 20-quarter history · every available company

Gross debt · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 2021₹54 Cr

Sep 2021₹74 Cr

Dec 2021—

Mar 2022₹25 Cr

Jun 2022₹25 Cr

Sep 2022₹98 Cr

Dec 2022₹98 Cr

Mar 2023₹37 Cr

Jun 2023₹37 Cr

Sep 2023₹70 Cr

Dec 2023₹70 Cr

Mar 2024₹43 Cr

Jun 2024₹43 Cr

Sep 2024₹96 Cr

Dec 2024₹96 Cr

Mar 2025₹113 Cr

Jun 2025₹113 Cr

Sep 2025₹100 Cr

Dec 2025₹100 Cr

Mar 2026₹114 Cr

Gujarat Ambuja Exports Ltd · GAEL

Jun 2021₹163 Cr

Sep 2021₹122 Cr

Dec 2021₹122 Cr

Mar 2022₹281 Cr

Jun 2022₹278 Cr

Sep 2022₹72 Cr

Dec 2022₹72 Cr

Mar 2023₹229 Cr

Jun 2023₹227 Cr

Sep 2023₹291 Cr

Dec 2023₹291 Cr

Mar 2024₹199 Cr

Jun 2024₹197 Cr

Sep 2024₹168 Cr

Dec 2024₹168 Cr

Mar 2025₹231 Cr

Jun 2025₹229 Cr

Sep 2025₹288 Cr

Dec 2025₹288 Cr

Mar 2026₹441 Cr

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022₹85 Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹112 Cr

Jun 2023₹112 Cr

Sep 2023—

Dec 2023₹128 Cr

Mar 2024₹128 Cr

Jun 2024₹128 Cr

Sep 2024₹67 Cr

Dec 2024₹67 Cr

Mar 2025₹27 Cr

Jun 2025₹27 Cr

Sep 2025₹22 Cr

Dec 2025₹22 Cr

Mar 2026₹20 Cr

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022₹288 Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹332 Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹338 Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹299 Cr

Jun 2025—

Sep 2025₹409 Cr

Dec 2025—

Mar 2026₹345 Cr

Net debt · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 2021₹32 Cr

Sep 2021₹39 Cr

Dec 2021—

Mar 2022₹-18 Cr

Jun 2022₹-18 Cr

Sep 2022₹29 Cr

Dec 2022₹29 Cr

Mar 2023₹-42 Cr

Jun 2023₹-42 Cr

Sep 2023₹-58 Cr

Dec 2023₹-58 Cr

Mar 2024₹-111 Cr

Jun 2024₹-109 Cr

Sep 2024₹-64 Cr

Dec 2024₹-64 Cr

Mar 2025₹-58 Cr

Jun 2025₹-58 Cr

Sep 2025₹-57 Cr

Dec 2025₹-57 Cr

Mar 2026₹-37 Cr

Gujarat Ambuja Exports Ltd · GAEL

Jun 2021₹-91 Cr

Sep 2021₹-453 Cr

Dec 2021₹-453 Cr

Mar 2022₹-395 Cr

Jun 2022₹-395 Cr

Sep 2022₹-468 Cr

Dec 2022₹-468 Cr

Mar 2023₹-456 Cr

Jun 2023₹-459 Cr

Sep 2023₹-307 Cr

Dec 2023₹-307 Cr

Mar 2024₹-485 Cr

Jun 2024₹-491 Cr

Sep 2024₹-599 Cr

Dec 2024₹-599 Cr

Mar 2025₹-532 Cr

Jun 2025₹-542 Cr

Sep 2025₹-472 Cr

Dec 2025₹-472 Cr

Mar 2026₹-423 Cr

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹106 Cr

Sep 2023—

Dec 2023₹125 Cr

Mar 2024—

Jun 2024₹125 Cr

Sep 2024₹-242 Cr

Dec 2024₹-242 Cr

Mar 2025₹-94 Cr

Jun 2025₹-187 Cr

Sep 2025₹-119 Cr

Dec 2025₹-119 Cr

Mar 2026₹-141 Cr

06 · compare level, then change

Return On Capital Employed

Sanstar Ltd has the highest ROCE among the 4 Agricultural Processing - Maize companies compared here, at 29.2%. AVT Natural Products Ltd is next at 14.2%. AVT Natural Products Ltd has the highest ROCE change at +2.2 percentage points, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Sanstar Ltd leads ROCE at 29.2%, 15 percentage points above AVT Natural Products Ltd. AVT Natural Products Ltd has the strongest latest improvement at +2.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderSanstar Ltd · 29.2%

Gap105.6% versus #2 · AVT Natural Products Ltd

Persistence0/2 recent comparable periods

Coverage4/4 companies · 35 observations

Investor read: Sanstar Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1Sanstar Ltd SANSTAR⚠ unverified29%

2AVT Natural Products Ltd AVTNPL⚠ unverified14%

3Gujarat Ambuja Exports Ltd GAEL13%

4Sukhjit Starch & Chemicals Ltd SUKHJITS7.6%

ROCE changefastest improvers

1AVT Natural Products Ltd AVTNPL⚠ unverified+2.2 pp

2Gujarat Ambuja Exports Ltd GAEL+0.3 pp

3Sukhjit Starch & Chemicals Ltd SUKHJITS−1.0 pp

4Sanstar Ltd SANSTAR⚠ unverified−2.5 pp

Return on capital · company comparison

4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	ROCE	ROCE change	Reported
AVT Natural Products Ltd AVTNPL⚠ unverified	14%	+2.2 pp	Mar 2026
Gujarat Ambuja Exports Ltd GAEL	9.5%	+0.3 pp	Mar 2026
Sanstar Ltd SANSTAR⚠ unverified	3.7%	−2.5 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 2021—

Sep 202121%

Dec 2021—

Mar 202224%

Jun 2022—

Sep 202228%

Dec 2022—

Mar 202324%

Jun 2023—

Sep 202314%

Dec 202318%

Mar 202414%

Jun 202416%

Sep 202411%

Dec 202414%

Mar 202512%

Jun 202516%

Sep 202514%

Dec 202516%

Mar 202614%

Gujarat Ambuja Exports Ltd · GAEL

Jun 2021—

Sep 202129%

Dec 2021—

Mar 202227%

Jun 2022—

Sep 202223%

Dec 2022—

Mar 202315%

Jun 2023—

Sep 202312%

Dec 202318%

Mar 202411%

Jun 202418%

Sep 202411%

Dec 202415%

Mar 20259.2%

Jun 202512%

Sep 20257.3%

Dec 20259.6%

Mar 20269.5%

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202315%

Mar 2024—

Jun 2024—

Sep 202411%

Dec 2024—

Mar 20256.2%

Jun 2025—

Sep 20250.9%

Dec 2025—

Mar 20263.7%

ROCE change · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+6.7 pp

Dec 2022—

Mar 2023+0.3 pp

Jun 2023—

Sep 2023−13.5 pp

Dec 2023—

Mar 2024−10.7 pp

Jun 2024—

Sep 2024−3.0 pp

Dec 2024−4.2 pp

Mar 2025−1.9 pp

Jun 2025−0.2 pp

Sep 2025+3.4 pp

Dec 2025+1.9 pp

Mar 2026+2.2 pp

Gujarat Ambuja Exports Ltd · GAEL

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−6.5 pp

Dec 2022—

Mar 2023−11.6 pp

Jun 2023—

Sep 2023−11.0 pp

Dec 2023—

Mar 2024−4.1 pp

Jun 2024—

Sep 2024−0.9 pp

Dec 2024−2.9 pp

Mar 2025−2.1 pp

Jun 2025−6.0 pp

Sep 2025−3.7 pp

Dec 2025−5.2 pp

Mar 2026+0.3 pp

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025−10.5 pp

Dec 2025—

Mar 2026−2.5 pp

07 · compare level, then change

Valuation Against Growth & Quality

Gujarat Ambuja Exports Ltd has the lowest Guarded PEG among the 4 Agricultural Processing - Maize companies compared here, at 1.56×. AVT Natural Products Ltd has the lowest P/E at 16.4×, so level and change sit with different companies. 1 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Gujarat Ambuja Exports Ltd has the lowest comparable Guarded PEG at 1.56×. Only 1 of 4 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderGujarat Ambuja Exports Ltd · 1.56×

GapNot enough peers

Persistence0/8 recent comparable periods

Coverage1/4 companies · 8 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

Guarded PEGlowest PEG

1Gujarat Ambuja Exports Ltd GAEL1.6

P/Elowest P/E

1AVT Natural Products Ltd AVTNPL⚠ unverified16.4

2Sukhjit Starch & Chemicals Ltd SUKHJITS18.4

3Gujarat Ambuja Exports Ltd GAEL22.6

4Sanstar Ltd SANSTAR⚠ unverified31.9

Valuation · company comparison

1/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Guarded PEG	P/E	Reported
Gujarat Ambuja Exports Ltd GAEL	1.6	30.1	Mar 2026
Sanstar Ltd SANSTAR⚠ unverified	—	16.9	Mar 2026
AVT Natural Products Ltd AVTNPL⚠ unverified	—	14.9	Mar 2026
Sukhjit Starch & Chemicals Ltd SUKHJITS	—	28.8	Mar 2026

Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Gujarat Ambuja Exports Ltd · GAEL

Jun 2021—

Sep 2021—

Dec 2021—

Mar 20220.4

Jun 20220.3

Sep 20220.9

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20231.2

Mar 20240.7

Jun 20242.2

Sep 20240.7

Dec 20241.6

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

P/E · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 202124.2

Sep 202122.2

Dec 202120.1

Mar 202225.4

Jun 202219.4

Sep 202218.6

Dec 202217.6

Mar 202315.3

Jun 202318.1

Sep 202320.3

Dec 202329.5

Mar 202422.6

Jun 202424.4

Sep 202426.1

Dec 202425.7

Mar 202518.4

Jun 202521.1

Sep 202520.0

Dec 202516.5

Mar 202614.9

Gujarat Ambuja Exports Ltd · GAEL

Jun 202112.1

Sep 20219.5

Dec 20218.7

Mar 202213.0

Jun 202212.4

Sep 202213.5

Dec 202213.4

Mar 202312.9

Jun 202316.6

Sep 202327.9

Dec 202327.6

Mar 202422.6

Jun 202418.1

Sep 202416.6

Dec 202416.9

Mar 202515.2

Jun 202520.5

Sep 202520.3

Dec 202527.9

Mar 202630.1

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202429.3

Dec 202426.0

Mar 202518.6

Jun 202521.4

Sep 202520.2

Dec 202518.6

Mar 202616.9

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Jun 202116.8

Sep 202113.4

Dec 202110.2

Mar 202212.9

Jun 20229.1

Sep 20228.3

Dec 20227.9

Mar 20238.2

Jun 202310.4

Sep 202312.2

Dec 202315.2

Mar 202413.6

Jun 202414.2

Sep 202417.3

Dec 202415.6

Mar 202512.4

Jun 202514.2

Sep 202516.6

Dec 202523.5

Mar 202628.8

08 · compare level, then change

Enterprise Value & Book Value

Sukhjit Starch & Chemicals Ltd has the lowest EV/EBITDA among the 4 Agricultural Processing - Maize companies compared here, at 9.6×. AVT Natural Products Ltd is next at 9.7×. The same company also holds the lowest P/BV, at 0.87×. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Sukhjit Starch & Chemicals Ltd leads both ev/ebitda at 9.6× and p/bv at 0.87×.

LeaderSukhjit Starch & Chemicals Ltd · 9.6×

Gap1% versus #2 · AVT Natural Products Ltd

Persistence0/8 recent comparable periods

Coverage4/4 companies · 67 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

EV/EBITDAlowest EV/EBITDA

1Sukhjit Starch & Chemicals Ltd SUKHJITS9.6

2AVT Natural Products Ltd AVTNPL⚠ unverified9.7

3Sanstar Ltd SANSTAR⚠ unverified14.1

4Gujarat Ambuja Exports Ltd GAEL14.6

P/BVlowest P/BV

1Sukhjit Starch & Chemicals Ltd SUKHJITS0.9

2AVT Natural Products Ltd AVTNPL⚠ unverified1.9

3Sanstar Ltd SANSTAR⚠ unverified2.0

4Gujarat Ambuja Exports Ltd GAEL2.1

Enterprise and book valuation · company comparison

4/4 level · 4/4 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	EV/EBITDA	P/BV	Reported
Gujarat Ambuja Exports Ltd GAEL	14.6	2.0	Mar 2026
Sanstar Ltd SANSTAR⚠ unverified	14.1	2.0	Mar 2026
AVT Natural Products Ltd AVTNPL⚠ unverified	9.7	1.6	Mar 2026
Sukhjit Starch & Chemicals Ltd SUKHJITS	9.6	0.8	Mar 2026

Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 202114.6

Sep 202113.6

Dec 202112.4

Mar 202215.9

Jun 202212.5

Sep 202212.5

Dec 202212.1

Mar 20239.8

Jun 202311.4

Sep 202312.4

Dec 202317.0

Mar 202413.9

Jun 202414.3

Sep 202414.8

Dec 202415.2

Mar 202511.1

Jun 202511.9

Sep 202512.4

Dec 202510.6

Mar 20269.7

Gujarat Ambuja Exports Ltd · GAEL

Jun 20217.8

Sep 20216.1

Dec 20215.1

Mar 20227.7

Jun 20228.0

Sep 20228.6

Dec 20228.5

Mar 20238.4

Jun 202310.4

Sep 202316.4

Dec 202316.4

Mar 202413.6

Jun 202410.8

Sep 202410.2

Dec 202410.1

Mar 20258.8

Jun 202510.9

Sep 202510.6

Dec 202513.7

Mar 202614.6

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202423.6

Dec 202421.1

Mar 202515.4

Jun 202517.5

Sep 202516.6

Dec 202515.4

Mar 202614.1

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Jun 20219.1

Sep 20217.8

Dec 20216.5

Mar 20227.6

Jun 20226.2

Sep 20226.2

Dec 20225.9

Mar 20235.4

Jun 20236.2

Sep 20237.1

Dec 20238.3

Mar 20247.7

Jun 20247.5

Sep 20248.8

Dec 20248.3

Mar 20257.0

Jun 20257.4

Sep 20257.4

Dec 20259.7

Mar 20269.6

P/BV · reported quarter history

AVT Natural Products Ltd · AVTNPL⚠ unverified

Jun 20213.7

Sep 20213.8

Dec 20213.5

Mar 20225.2

Jun 20224.5

Sep 20223.7

Dec 20224.0

Mar 20233.3

Jun 20233.8

Sep 20232.9

Dec 20233.2

Mar 20242.9

Jun 20243.0

Sep 20242.8

Dec 20242.5

Mar 20251.7

Jun 20252.2

Sep 20252.1

Dec 20251.9

Mar 20261.6

Gujarat Ambuja Exports Ltd · GAEL

Jun 20215.4

Sep 20212.4

Dec 20212.1

Mar 20223.1

Jun 20223.5

Sep 20222.8

Dec 20222.6

Mar 20232.5

Jun 20232.6

Sep 20233.3

Dec 20233.3

Mar 20242.9

Jun 20242.5

Sep 20242.1

Dec 20242.0

Mar 20251.6

Jun 20251.8

Sep 20251.6

Dec 20251.9

Mar 20262.0

Sanstar Ltd · SANSTAR⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20243.7

Dec 20243.2

Mar 20252.4

Jun 20252.9

Sep 20252.6

Dec 20252.7

Mar 20262.0

Sukhjit Starch & Chemicals Ltd · SUKHJITS

Jun 20211.1

Sep 20211.3

Dec 20211.3

Mar 20222.1

Jun 20222.0

Sep 20221.6

Dec 20221.5

Mar 20231.4

Jun 20231.6

Sep 20231.4

Dec 20231.6

Mar 20241.5

Jun 20241.5

Sep 20241.8

Dec 20241.6

Mar 20251.1

Jun 20251.1

Sep 20250.9

Dec 20251.0

Mar 20260.8

09 · let price answer last

Market action

Gujarat Ambuja Exports Ltd has the strongest one-year price move in Agricultural Processing - Maize at +30.5%. Sanstar Ltd leads on Mansfield relative strength against NIFTY at +12.5%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.

Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Agricultural Processing - Maize comparison names 6 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. 2 draw at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

10 · the complete set

Which companies are included?

All 4 companies in the canonical Agricultural Processing - Maize membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

Company	Market value	Price	Priced to	Latest fundamentals	Source standing
Gujarat Ambuja Exports Ltd GAEL23/26 WEEKS	₹7.0K Cr	₹152	2026-07-19	Mar 2026	Cross-checked
Sanstar Ltd SANSTARAHEAD⚠ unverified	₹2.2K Cr	₹109	2026-07-19	Mar 2026	Includes unverified figures
AVT Natural Products Ltd AVTNPL⚠ unverified	₹1.1K Cr	₹70.0	2026-07-19	Mar 2026	Includes unverified figures
Sukhjit Starch & Chemicals Ltd SUKHJITS	₹498 Cr	₹159	2026-07-19	Mar 2026	Primary source only

How each company's sources stand: 2 of 4 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 4 Agricultural Processing - Maize companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company

Market dataThrough 2026-07-24 · weekly price and relative-strength history

Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing1 cross-checked · 3 unverified · 0 withheld, of 4 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Agricultural Processing - Maize company comparison FAQs

These 17 answers restate the Agricultural Processing - Maize comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Agricultural Processing - Maize index?

The Nifty Agricultural Processing - Maize index tracks India's listed Agricultural Processing - Maize companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Agricultural Processing - Maize sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Agricultural Processing - Maize stocks in India?

Ranked by this page's four-factor score, Gujarat Ambuja Exports Ltd places first among 4 listed Agricultural Processing - Maize companies, followed by AVT Natural Products Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Agricultural Processing - Maize stocks are listed in India?

This comparison covers 4 listed Agricultural Processing - Maize companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Agricultural Processing - Maize company is the biggest?

Gujarat Ambuja Exports Ltd is the largest, with trailing-twelve-month revenue of ₹5,729 crore, ahead of Sukhjit Starch & Chemicals Ltd at ₹1,433 crore. That covers 3 of 4 companies with comparable reporting through Mar 2026.

Which Agricultural Processing - Maize company is growing fastest?

AVT Natural Products Ltd has the fastest revenue growth at 27.8% year on year, across 3 of 4 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Agricultural Processing - Maize company has the best profit margins?

AVT Natural Products Ltd has the highest operating margin at 16%, from 4 of 4 comparable companies. Gujarat Ambuja Exports Ltd shows the biggest recent improvement, at +8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Agricultural Processing - Maize company makes the most profit?

Gujarat Ambuja Exports Ltd earns the most, at ₹304 crore of trailing-twelve-month net profit, from 3 of 4 comparable companies. AVT Natural Products Ltd has the fastest profit growth at 33.3%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Agricultural Processing - Maize company earns the highest return on capital?

Sanstar Ltd leads on return on capital employed at 29.2%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Agricultural Processing - Maize stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Gujarat Ambuja Exports Ltd screens cheapest at 1.56×. Only 1 of 4 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Agricultural Processing - Maize company has the strongest balance sheet?

Sanstar Ltd carries the lowest comparable gross debt at ₹20 crore, from 4 of 4 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Agricultural Processing - Maize stock has the strongest price momentum?

Sanstar Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Agricultural Processing - Maize company scores highest for research priority?

Gujarat Ambuja Exports Ltd scores 65 out of 100 with 97% evidence confidence, from 27.9 points on growth and earnings, 13.9 on capital efficiency, 9.6 on valuation and 13.6 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Agricultural Processing - Maize companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Agricultural Processing - Maize sector?

The 4 Agricultural Processing - Maize companies on this page carry ₹10,701 crore of combined market value. Gujarat Ambuja Exports Ltd is the largest at ₹6,955 crore, about 65% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

How is the Agricultural Processing - Maize sector performing?

3 of the 4 covered Agricultural Processing - Maize companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.