Maize Processing Stocks and Companies in India

The largest Maize Processing stocks in India by market value are Gujarat Ambuja Exports (₹6,893 crore), Sanstar (₹1,884 crore) and AVT Natural Products (₹1,521 crore), at prices of 6 Nov 2026.

• Gujarat Ambuja Exports: ₹150.28 | market value ₹6,893 crore | P/E 13.5
• Sanstar: ₹94.04 | market value ₹1,884 crore | P/E 42.8
• AVT Natural Products: ₹99.65 | market value ₹1,521 crore | P/E 18.1
• Sukhjit Starch & Chemicals: ₹160 (price from the week of 16 Aug 2026) | market value ₹499 crore | P/E 14.6

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.

All 4 listed Indian Agricultural Processing - Maize companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Agricultural Processing - Maize index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Gujarat Ambuja Exports Ltd₹6,390 cr
2. Sanstar Ltd₹1,900 cr
3. AVT Natural Products Ltd₹1,520 cr
4. Sukhjit Starch & Chemicals Ltd₹499 cr

4 Maize Processing companies in the Agricultural Processing - Maize industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 4 are listed below, largest first. The largest is Gujarat Ambuja Exports (₹6,388 crore) and the smallest with a market value is Sukhjit Starch & Chemicals.

Download all 4 Maize Processing companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 15% ahead of NIFTY 500. Earnings across its companies grew 2% 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 31 weeks running.

Price up, without the fundamentals confirming. 1 of the 3 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 31 weeks running; 1 of the 3 companies in the industry index above their 200-day average (2 fewer than four weeks earlier); 1 of those 3 pass the momentum test (no change from four weeks earlier); earnings rising at 3 of the 3 that report earnings.

Ahead of NIFTY 500 for 31 weeks running, participation steady at 1 → 1 of 3. Earnings confirming, 3 of 3 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of 3 of its 4 companies (the 1 with too short a price record are ranked in the scorecard but cannot sit in this line). The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Agricultural Processing - Maize has done better than the NIFTY 500 by 22.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 1.7%. AVT Natural Products Ltd is the strongest against the sector itself at +20.4%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 40.3 as of 30 October 2026 (consolidation, falling).

Agricultural Processing - Maize has done better than the NIFTY 500 by 22.2% over 52 weeks and by 1.7% over 13 weeks. 1 of 4 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months) (1 has no relative-strength reading yet), and 1 of the 3 with a long enough price history is ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

AVT Natural Products Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 92.6% evidence confidence.

Gujarat Ambuja Exports Ltd has the strongest one-year price move in Agricultural Processing - Maize at +31.8%. AVT Natural Products Ltd leads on relative strength against the NIFTY, at +27.4%. 2 of 4 companies we track are ahead of the index on that measure (1 has no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Agricultural Processing - Maize itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

A recent breakout with a strong quarterly recovery, but without confirmed lasting improvement across its members. In the week of 5 October 2026, 100% of 3 Agricultural Processing - Maize companies were beating the Nifty 500, against 100% on 25 May 2026.

Agricultural Processing - Maize is one of the Top 25 sectors in our latest review.

From our industry review of 10 October 2026.

Big funds, foreign and Indian, raised their stake by 0.5 points over the last two quarters. Founders and promoters cut theirs by 1.5 points.

• Spending on new plants and equipment was ₹590 crore in the last 12 months, 13% more than a year before.
• Projects still being built grew 35% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 4 Agricultural Processing - Maize companies, in percentage points.

Ownership and spending as of 10 October 2026.

1 chain of cause and effect links Agricultural Processing - Maize to other industries right now. For Agricultural Processing - Maize: A crop shortage could reverse the reported lower-cost benefit, although current member procurement costs are missing.

From our cross-industry review of 10 October 2026.

The next things that show whether the Agricultural Processing - Maize story is on course. First: The next industry results show whether the recent profit and margin recovery continues.

• Member disclosures establish whether growth comes from more units booked, better products or lower maize costs.
• Maize availability and procurement costs confirm or reverse the lower-cost benefit reported by nearby ethanol businesses.

What would change the story

A same-member quarterly result in which industry profit falls from a year earlier and operating margin falls from a year earlier would break the recovering-breakout call.

From our industry review of 10 October 2026.

Gujarat Ambuja Exports Ltd has the highest Revenue among the 4 Agricultural Processing - Maize companies compared here, at ₹5,996 crore. Sukhjit Starch & Chemicals Ltd is next at ₹1,460 crore. AVT Natural Products Ltd has the highest Revenue growth at 40.6%, so level and change sit with different companies.

What the numbers say: Gujarat Ambuja Exports Ltd is the largest at ₹5,996 crore, 310.7% ahead of Sukhjit Starch & Chemicals Ltd. AVT Natural Products Ltd's growth is 40.6% from a ₹821 crore base, with 19 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Gujarat Ambuja Exports Ltd is the size to compare against; AVT Natural Products Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

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.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

AVT Natural Products Ltd has the highest OPM among the 4 Agricultural Processing - Maize companies compared here, at 17%. Gujarat Ambuja Exports Ltd is next at 14%. Gujarat Ambuja Exports Ltd has the highest Margin change at +9 percentage points, so level and change sit with different companies. Its OPM series carries 19 reported observations across the 20-quarter window.

What the numbers say: AVT Natural Products Ltd leads opm at 17%; Gujarat Ambuja Exports Ltd leads margin change at +9 percentage points.

What this means: AVT Natural Products Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Gujarat Ambuja Exports Ltd has the highest Net profit among the 4 Agricultural Processing - Maize companies compared here, at ₹510 crore. AVT Natural Products Ltd is next at ₹83 crore. The same company also has the highest Profit growth, at the 100% top of the scoring scale. Its Net profit series carries 20 reported observations across the 20-quarter window.

What the numbers say: Gujarat Ambuja Exports Ltd earns the most, ₹510 crore of profit over the last 12 months, 514.5% above AVT Natural Products Ltd. Gujarat Ambuja Exports Ltd shows at least 100% on the scoring scale (147.6% in full) growth from a profit base of ₹510 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Gujarat Ambuja Exports Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

AVT Natural Products Ltd has the highest ROCE among the 4 Agricultural Processing - Maize companies compared here, at 14.2%. Gujarat Ambuja Exports Ltd is next at 12.5%. Gujarat Ambuja Exports Ltd has the highest ROCE change at +7.9 percentage points, so level and change sit with different companies. Its ROCE series carries 15 reported observations across the 20-quarter window.

What the numbers say: AVT Natural Products Ltd leads ROCE at 14.2%, 1.7 percentage points above Gujarat Ambuja Exports Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: AVT Natural Products Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

Withheld from this chart: Sanstar Ltd (SANSTAR): its two data sources disagree by up to 34% on reported income across 12 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

AVT Natural Products Ltd has the lowest PEG among the 4 Agricultural Processing - Maize companies compared here, at 0.48×. Gujarat Ambuja Exports Ltd is next at 1.02×. Gujarat Ambuja Exports Ltd has the lowest P/E at 12.5×, so level and change sit with different companies. 3 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: AVT Natural Products Ltd has the lowest comparable PEG at 0.48×, 52.9% below Gujarat Ambuja Exports Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Agricultural Processing - Maize companies show up on 4 of our India lists. The most are on the penny stocks list (2 companies).

This Agricultural Processing - Maize comparison names 5 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. 1 has second-source figures left out because the two sources disagree. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 1 company is missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.

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 Sep 2026 and market data through 30 October 2026.

1 of 4 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Sanstar Ltd (SANSTAR): its two data sources disagree by up to 34% on reported income across 12 comparable periods, so its derived ratios are withheld.

These 23 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 Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.