Value Added Product Mix Shift
Expected: FY26HIGH confidence
What: VAP Share: 35%
Impact: 200 bps margin
Gujarat Ambuja Exports Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +31.3%Average12w StreakAccelerating
In , Gujarat Ambuja Exports Ltd (Agricultural Processing - Maize) is outperforming Nifty 500 with +31.3% relative strength. Fundamentals: Average. On a 12-week streak.
Gujarat Ambuja Exports Ltd Key Facts
- PE Ratio
- 24.8x
- Price/Book
- 1.90x
- Market Cap
- ₹7,635 Cr
- PAT Growth YoY
- +322%
- Revenue Growth YoY
- +16%
- OPM
- 13.0%
- RS vs Nifty 500
- +31.3%
PE: At PeakRiding Wave
What's Happening
📊PE near cycle highs — limited room for further expansion
💪Debt reduced 35% YoY — balance sheet strengthening
💰Trading 74% above estimated fair value — significant premium
Earnings Acceleration Triggers
1. Value Added Product Mix Shift
FY26HIGH
2. Geographical Expansion
FY26MEDIUM
Key Risks
1. Maize prices increased by 15% due to lower crop yields and higher demand from th
HIGH2. Higher freight costs and container shortages impacting export realizations
MEDIUMSector-Specific Signals
Maize Grinding Capacity4000 TPD500 TPD
Value Added Products Share32%300 bps
Capacity Utilisation82%-3%
Export Revenue Mix22%-2%
Key Numbers
PAT Growth YoY
+322%
Inflection Up
Revenue YoY
+16%
Stable
Operating Margin
13.0%
+800 bps YoY
PE Ratio
24.8
PEG Ratio
0.00
EV/EBITDA
18.5
Current Price
₹166
Dividend Yield
0.15%
Fundamental Score
51/100
Average
3Y PAT CAGR
-3%
Market Cap
7.6K Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Gujarat Ambuja Exports Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
Geographical Expansion
Expected: FY26MEDIUM confidence
What: New Units: 2
Impact: 15% Volume
What Are the Key Risks for Gujarat Ambuja Exports Ltd?
Earnings deceleration risks from management commentary
Maize prices increased by 15% due to lower crop yields and higher demand from th
HIGHTrigger: Maize prices increased by 15% due to lower crop yields and higher demand from the ethanol sector.
Impact: PAT impact: 12% PAT
Management view: Increasing procurement during harvest seasons and hedging through forward contracts.
Monitor: commodity
Higher freight costs and container shortages impacting export realizations
MEDIUMTrigger: Higher freight costs and container shortages impacting export realizations.
Impact: PAT impact: 4% PAT
Management view: Optimizing supply chain and focusing on domestic markets with better realizations.
Monitor: logistics
What Did Gujarat Ambuja Exports Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
INR 1,327.42 Crore
YoY +5.9%QoQ -1.4%
Revenue growth was driven by the maize processing segment despite volatility in raw material prices.
EBITDA
INR 118.15 Crore
YoY -12.4%Margin 8.9%
Margins contracted due to a sharp rise in domestic maize prices and increased power and fuel expenses.
PAT
INR 71.34 Crore
YoY -14.2%QoQ -8.5%
Profitability was impacted by lower operating margins and higher depreciation following recent capacity expansions.
Other Highlights
• Maize processing volume grew 12% YoY
• Exports contributed 22% of total revenue
• Finance costs increased by 18% YoY
What Sector Metrics Matter for Gujarat Ambuja Exports Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Maize Grinding Capacity
4000 TPD
YoY 500 TPDQoQ 0
Why: Commissioning of the new unit in West Bengal.
Value Added Products Share
32%
YoY 300 bpsQoQ 100 bps
Why: Increased sales of sorbitol and liquid glucose to the pharma sector.
Capacity Utilisation
82%
YoY -3%QoQ -1%
Why: Stabilization phase of the new Malda plant.
Export Revenue Mix
22%
YoY -2%QoQ 0%
Why: Focus on domestic markets due to high international freight costs.
Raw Material Cost to Sales
74%
YoY 400 bpsQoQ 150 bps
Why: Inflation in maize prices driven by ethanol demand.
Inventory Days
65 days
YoY 5 daysQoQ 2 days
Why: Strategic stocking of maize during the harvest season.
What Is Gujarat Ambuja Exports Ltd's Management Guidance?
Forward-looking targets from management for FY26
Revenue Growth Target
17.5%
OPM Guidance
11%
Capex Plan
₹400 Cr
Revenue Outlook
15-20%
Margin Outlook
Aiming to restore margins to double digits
Capex Plan
INR 400 Crore
Maize processing and Ethanol capacity
Volume
Expansion to 6000 TPD
Management Tone: CAUTIOUS
How Fast Is Gujarat Ambuja Exports Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +16% | +5% | Stable |
| PAT (Net Profit) | +322% | -3% | Inflection Up |
| OPM | 13.0% | +800 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Other Top Agricultural Processing - Maize Stocks Beating Nifty 500
Frequently Asked Questions: Gujarat Ambuja Exports Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Gujarat Ambuja Exports Ltd's latest quarterly results?
Gujarat Ambuja Exports Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +321.9% (turning around (inflection up))
- Revenue Growth YoY: +15.8%
- Operating Margin: 13.0% (volatile)
Is Gujarat Ambuja Exports Ltd's profit growing or declining?
Gujarat Ambuja Exports Ltd's profit is growing with an turning around (inflection up) trend.
- PAT Growth YoY: +321.9% (latest quarter)
- PAT Growth QoQ: +104.5% (sequential)
- 3-Year PAT CAGR: -2.7%
- Trend: Turning around (inflection up) — consistent growth pattern
What is Gujarat Ambuja Exports Ltd's revenue growth trend?
Gujarat Ambuja Exports Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +15.8%
- Revenue Growth QoQ: -1.1% (sequential)
- 3-Year Revenue CAGR: +5.3%
How is Gujarat Ambuja Exports Ltd's operating margin trending?
Gujarat Ambuja Exports Ltd's operating margin is volatile.
- Current OPM: 13.0%
- OPM Change YoY: +8.0% basis points
- OPM Change QoQ: +6.0% basis points
What is Gujarat Ambuja Exports Ltd's 3-year profit and revenue CAGR?
Gujarat Ambuja Exports Ltd's long-term compounding rates
- 3-Year Profit CAGR: -2.7%
- 3-Year Revenue CAGR: +5.3%
Is Gujarat Ambuja Exports Ltd's growth accelerating or decelerating?
Gujarat Ambuja Exports Ltd's earnings growth is turning around (inflection up) with mixed signals on a sequential basis.
- YoY Acceleration: +107.0% bps
- Sequential Acceleration: 0.0% bps
What is Gujarat Ambuja Exports Ltd's trailing twelve month (TTM) performance?
Gujarat Ambuja Exports Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹304 Cr
- TTM PAT Growth: +22.1% YoY
- TTM Revenue: ₹6,000 Cr
- TTM Revenue Growth: +24.2% YoY
- TTM Operating Margin: 8.0%
Is Gujarat Ambuja Exports Ltd overvalued or undervalued?
Gujarat Ambuja Exports Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
- Current PE: 24.8x
- Price-to-Book: 2.3x
What is Gujarat Ambuja Exports Ltd's current PE ratio?
Gujarat Ambuja Exports Ltd's current PE ratio is 24.8x.
- Current PE: 24.8x
- Market Cap: 7.6K Cr
- Dividend Yield: 0.15%
How does Gujarat Ambuja Exports Ltd's valuation compare to its history?
Gujarat Ambuja Exports Ltd's current PE is 24.8x.
- Current PE: 24.8x
- Valuation Assessment: Significantly Overvalued
What is Gujarat Ambuja Exports Ltd's price-to-book ratio?
Gujarat Ambuja Exports Ltd's price-to-book ratio is 2.3x.
- Price-to-Book (P/B): 2.3x
- Book Value per Share: ₹72
- Current Price: ₹166
Is Gujarat Ambuja Exports Ltd a fundamentally strong company?
Gujarat Ambuja Exports Ltd is rated Average with a fundamental score of 50.9/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +15.8% (10% weight)
- PAT Growth YoY: +321.9% (10% weight)
- PAT Growth QoQ: +104.5% (10% weight)
- Margins stable (10% weight)
- PEG Ratio: 0.0x vs sector median (15% weight)
- EV/EBITDA: 18.5x vs sector median (15% weight)
Is Gujarat Ambuja Exports Ltd debt free?
Gujarat Ambuja Exports Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹441 Cr
What is Gujarat Ambuja Exports Ltd's return on equity (ROE) and ROCE?
Gujarat Ambuja Exports Ltd's return ratios over recent years
- FY2024: ROCE 16.0%
- FY2025: ROCE 11.0%
- FY2026: ROCE 13.0%
Is Gujarat Ambuja Exports Ltd's cash flow positive?
Gujarat Ambuja Exports Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹228 Cr
- Free Cash Flow (FCF): ₹-173 Cr
- CFO/PAT Ratio: 75% (adequate)
What is Gujarat Ambuja Exports Ltd's dividend yield?
Gujarat Ambuja Exports Ltd's current dividend yield is 0.15%.
- Dividend Yield: 0.15%
- Current Price: ₹166
Who holds Gujarat Ambuja Exports Ltd shares — promoters, FII, DII?
Gujarat Ambuja Exports Ltd's shareholding pattern (Mar 2026)
- Promoters: 63.8%
- FII (Foreign): 2.2%
- DII (Domestic): 0.8%
- Public: 33.1%
Is promoter holding increasing or decreasing in Gujarat Ambuja Exports Ltd?
Gujarat Ambuja Exports Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 63.8% (Mar 2026)
- Previous Quarter: 63.8% (Dec 2025)
- Change: 0.00% (stable)
How long has Gujarat Ambuja Exports Ltd been outperforming Nifty 500?
Gujarat Ambuja Exports Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Is Gujarat Ambuja Exports Ltd a new momentum entry or an established outperformer?
Gujarat Ambuja Exports Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Gujarat Ambuja Exports Ltd?
Gujarat Ambuja Exports Ltd has 2 key growth catalysts identified from recent earnings analysis
- Value Added Product Mix Shift — Higher margins on derivatives offset the commodity nature of the base maize business.
- Geographical Expansion — Reduces logistics costs and increases market reach.
What are the key risks in Gujarat Ambuja Exports Ltd?
Gujarat Ambuja Exports Ltd has 2 key risks worth monitoring
- [HIGH] Maize prices increased by 15% due to lower crop yields and higher demand from th — Maize prices increased by 15% due to lower crop yields and higher demand from the ethanol sector.
- [MEDIUM] Higher freight costs and container shortages impacting export realizations — Higher freight costs and container shortages impacting export realizations.
What is Gujarat Ambuja Exports Ltd's management guidance for growth?
Gujarat Ambuja Exports Ltd's management has provided the following forward guidance for FY26
- Revenue growth target: 17.5%
- OPM guidance: 11%
- Capex plan: ₹400 Cr for Maize processing and Ethanol capacity
- Management tone: cautious
What sector-specific metrics matter most for Gujarat Ambuja Exports Ltd?
Gujarat Ambuja Exports Ltd's most important sub-sector-specific KPIs from the latest concall
- Maize Grinding Capacity: 4000 TPD (YoY 500 TPD) (QoQ 0) — Commissioning of the new unit in West Bengal.
- Value Added Products Share: 32% (YoY 300 bps) (QoQ 100 bps) — Increased sales of sorbitol and liquid glucose to the pharma sector.
- Capacity Utilisation: 82% (YoY -3%) (QoQ -1%) — Stabilization phase of the new Malda plant.
- Export Revenue Mix: 22% (YoY -2%) (QoQ 0%) — Focus on domestic markets due to high international freight costs.
- Raw Material Cost to Sales: 74% (YoY 400 bps) (QoQ 150 bps) — Inflation in maize prices driven by ethanol demand.
- Inventory Days: 65 days (YoY 5 days) (QoQ 2 days) — Strategic stocking of maize during the harvest season.
Is Gujarat Ambuja Exports Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Gujarat Ambuja Exports Ltd may be worth studying
- Earnings growing at +321.9% YoY
- Cash flow is positive — CFO ₹228 Cr
What is the investment thesis for Gujarat Ambuja Exports Ltd?
Gujarat Ambuja Exports Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +15.8% YoY
- Growth catalyst: Value Added Product Mix Shift
Risk Factors (Bear Case)
- Appears significantly overvalued
- Key risk: Maize prices increased by 15% due to lower crop yields and higher demand from th
What is the future outlook for Gujarat Ambuja Exports Ltd?
Gujarat Ambuja Exports Ltd's forward outlook based on current data signals
- Earnings Trend: turning around (inflection up)
- Revenue Trend: stable
- Margin Trend: volatile
- Valuation: Significantly Overvalued
- Key Catalyst: Value Added Product Mix Shift
- Key Risk: Maize prices increased by 15% due to lower crop yields and higher demand from th
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.