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Last Updated on: 23 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Gujarat Ambuja Exports Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 11:12 pm

Market Cap 5,550 Cr.
Current Price 121
High / Low211/118
Stock P/E16.4
Book Value 63.2
Dividend Yield0.29 %
ROCE16.5 %
ROE13.2 %
Face Value 1.00
PEG Ratio1.03

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Gujarat Ambuja Exports Ltd

Competitors of Gujarat Ambuja Exports Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Gujarat Ambuja Exports Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,2111,6771,0251,1521,2381,2551,2731,0781,1301,4281,1631,1161,302
Expenses1,0541,4878571,0061,0791,0411,1069841,0221,3211,0611,0121,176
Operating Profit15718916814615921416794108107102104125
OPM %13%11%16%13%13%17%13%9%10%8%9%9%10%
Other Income101915102016162814264239
Interest1211224324663
Depreciation26242624252324242423303030
Profit before tax141165151136143209155841099392109131
Tax %22%28%24%24%26%27%26%23%25%25%23%24%23%
Net Profit1101181141031051531156482707183101
EPS in Rs4.785.164.964.504.586.685.002.803.573.033.093.624.39

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,1143,0053,0922,5312,7363,3343,3644,0213,8174,7054,6704,9094,837
Expenses2,0082,8102,8972,3672,5513,0633,0473,6473,5274,1713,9834,4334,417
Operating Profit106195195165185271317374289535687476420
OPM %5%6%6%6%7%8%9%9%8%11%15%10%9%
Other Income6910910239102275473110
Interest21222115102318199661319
Depreciation30374761667176961011039795108
Profit before tax6114613798119199232270181452638441404
Tax %18%22%18%14%16%20%23%26%20%25%26%25%
Net Profit5011311284100159180198146338475330305
EPS in Rs1.804.104.043.043.636.917.848.646.3614.7420.7314.4013.31
Dividend Payout %17%10%9%14%11%6%6%6%8%4%3%5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)126.00%-0.88%-25.00%19.05%59.00%13.21%10.00%-26.26%131.51%40.53%-30.53%
Change in YoY Net Profit Growth (%)0.00%-126.88%-24.12%44.05%39.95%-45.79%-3.21%-36.26%157.77%-90.97%-71.06%

Gujarat Ambuja Exports Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:4%
3 Years:2%
TTM:1%
Compounded Profit Growth
10 Years:12%
5 Years:12%
3 Years:1%
TTM:11%
Stock Price CAGR
10 Years:25%
5 Years:26%
3 Years:12%
1 Year:-33%
Return on Equity
10 Years:17%
5 Years:17%
3 Years:17%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:38 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital28282828232323232323234646
Reserves6277277988938309991,1851,3041,6432,1042,4112,7232,853
Borrowings183401309329636647217160163278227197168
Other Liabilities364154148168220226290250345359291337271
Total Liabilities1,2021,3101,2831,4171,7091,8951,7151,7362,1742,7642,9523,3033,339
Fixed Assets4584795435686077727537877317711,0421,0371,028
CWIP38646310315954611210624687153205
Investments4542527747435222192726665850868
Other Assets6617266256698961,0268499151,1461,0211,1571,2641,238
Total Assets1,2021,3101,2831,4171,7091,8951,7151,7362,1742,7642,9523,3033,339

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +294-12025413757138573241300596242213
Cash from Investing Activity +-79-73-129-132-117-125-110-60-304-777-80-241
Cash from Financing Activity +-209187-124-359-13-455-972100-76-60
Net Cash Flow6-6-02-10884-3-8186-87

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow106.0012.00-206.00-144.00-144.00-365.00-330.00157.00129.00372.00409.00249.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days131816232325201517182124
Inventory Days6975847389106627477766981
Days Payable401012141418211718221518
Cash Conversion Cycle4183888297113617276727587
Working Capital Days366970697689515656526070
ROCE %19%15%9%11%16%16%19%14%28%30%18%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters63.84%63.84%63.84%63.84%63.84%63.84%63.84%63.84%63.84%63.84%63.84%63.84%
FIIs3.68%4.08%4.06%4.37%4.95%5.07%4.97%4.74%3.99%3.93%4.09%4.22%
DIIs0.07%0.07%0.07%0.07%0.15%0.16%0.16%0.16%0.16%0.43%1.16%2.36%
Public32.41%32.01%32.03%31.71%31.06%30.93%31.03%31.25%32.02%31.80%30.92%29.57%
No. of Shareholders57,84861,75868,91171,66983,80587,96588,28486,22588,91082,35879,5751,00,832

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
WhiteOak Capital Flexi Cap Fund357,1100.4911.6141,5832024-11-21758.79%
DSP Value Fund156,0110.785.0741,5832024-11-21275.18%
WhiteOak Capital Mid Cap Fund101,9000.33.3141,5832024-11-21145.05%
WhiteOak Capital Multi Cap Fund100,7700.713.2841,5832024-11-21142.33%
Nippon India Nifty Smallcap 250 Index Fund41,5830.191.3541,5832024-11-210%
Motilal Oswal Nifty Smallcap 250 Index Fund26,1070.190.8541,5832024-11-21-37.22%
SBI Nifty Smallcap 250 Index Fund19,1610.190.6241,5832024-11-21-53.92%
WhiteOak Capital ELSS Tax Saver Fund14,9030.50.4841,5832024-11-21-64.16%
WhiteOak Capital Balanced Hybrid Fund3,7990.190.1241,5832024-11-21-90.86%
Motilal Oswal Nifty 500 Index Fund2,8520.020.0941,5832024-11-21-93.14%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)7.5414.4020.7314.746.36
Diluted EPS (Rs.)7.5414.4020.7314.746.36
Cash EPS (Rs.)10.1818.5224.9819.2510.76
Book Value[Excl.RevalReserv]/Share (Rs.)60.48106.1592.3872.2557.85
Book Value[Incl.RevalReserv]/Share (Rs.)60.48106.1592.3872.2557.85
Revenue From Operations / Share (Rs.)107.41214.09203.68205.20166.45
PBDIT / Share (Rs.)12.8023.9432.3224.4812.71
PBIT / Share (Rs.)10.1619.8228.0819.988.32
PBT / Share (Rs.)9.7619.2427.8319.737.91
Net Profit / Share (Rs.)7.5414.4020.7314.746.36
NP After MI And SOA / Share (Rs.)7.5414.4020.7314.746.36
PBDIT Margin (%)11.9111.1815.8711.937.63
PBIT Margin (%)9.459.2513.789.734.99
PBT Margin (%)9.088.9813.669.614.75
Net Profit Margin (%)7.026.7210.187.183.82
NP After MI And SOA Margin (%)7.026.7210.187.183.82
Return on Networth / Equity (%)12.4913.5622.4420.4010.99
Return on Capital Employeed (%)16.2318.0929.3726.5913.75
Return On Assets (%)10.4411.1817.2715.638.39
Total Debt / Equity (X)0.070.090.120.090.11
Asset Turnover Ratio (%)1.571.721.902.410.00
Current Ratio (X)4.293.892.922.882.57
Quick Ratio (X)2.502.381.731.230.85
Inventory Turnover Ratio (X)4.464.943.784.450.00
Dividend Payout Ratio (NP) (%)4.644.512.890.0015.72
Dividend Payout Ratio (CP) (%)3.433.512.400.009.30
Earning Retention Ratio (%)95.3695.4997.110.0084.28
Cash Earning Retention Ratio (%)96.5796.4997.600.0090.70
Interest Coverage Ratio (X)31.9441.41130.4997.3031.14
Interest Coverage Ratio (Post Tax) (X)19.8225.8984.7059.5916.58
Enterprise Value (Cr.)7492.515431.406221.362989.502424.67
EV / Net Operating Revenue (X)1.521.111.330.630.63
EV / EBITDA (X)12.769.898.395.328.32
MarketCap / Net Operating Revenue (X)1.481.081.280.620.62
Retention Ratios (%)95.3595.4897.100.0084.27
Price / BV (X)2.642.192.821.771.79
Price / Net Operating Revenue (X)1.481.081.280.620.62
EarningsYield0.040.060.070.110.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Gujarat Ambuja Exports Ltd as of November 23, 2024 is: 137.21

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 23, 2024, Gujarat Ambuja Exports Ltd is Undervalued by 13.40% compared to the current share price 121.00

Intrinsic Value of Gujarat Ambuja Exports Ltd as of November 23, 2024 is: 159.05

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 23, 2024, Gujarat Ambuja Exports Ltd is Undervalued by 31.45% compared to the current share price 121.00

Last 5 Year EPS CAGR: 15.92%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.67%, which is a positive sign.
  2. The company has higher reserves (1,469.00 cr) compared to borrowings (301.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (3.15 cr) and profit (259.85 cr) over the years.
  1. The stock has a high average Working Capital Days of 62.83, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 78.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Gujarat Ambuja Exports Ltd:
    1. Net Profit Margin: 7.02%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 16.23% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.49% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 19.82
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.5
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 16.4 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.07
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Gujarat Ambuja Exports Ltd. is a Public Limited Listed company incorporated on 21/08/1991 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L15140GJ1991PLC016151 and registration number is 016151. Currently Company is involved in the business activities of Manufacture of vegetable and animal oils and fats. Company’s Total Operating Revenue is Rs. 4670.31 Cr. and Equity Capital is Rs. 22.93 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Edible Oils & Solvent ExtractionAmbuja Tower, Opp. Sindhu Bhavan, Sindhu Bhavan Road, Ahmedabad Gujarat 380059info@ambujagroup.com
http://www.ambujagroup.com
Management
NamePosition Held
Mr. Manish GuptaChairman & Managing Director
Mr. Sandeep AgrawalWhole Time Director
Mrs. Sulochana GuptaNon Executive Director
Mr. Vishwavir Saran DasIndependent Director
Mr. Sandeep SinghiIndependent Director
Ms. Maitri MehtaIndependent Director
Mr. Sudhin ChokseyIndependent Director

FAQ

What is the latest intrinsic value of Gujarat Ambuja Exports Ltd?

The latest intrinsic value of Gujarat Ambuja Exports Ltd as on 23 November 2024 is ₹137.21, which is 13.40% higher than the current market price of ₹121.00.

What is the Market Cap of Gujarat Ambuja Exports Ltd?

The Market Cap of Gujarat Ambuja Exports Ltd is 5,550 Cr..

What is the current Stock Price of Gujarat Ambuja Exports Ltd as on 23 November 2024?

The current stock price of Gujarat Ambuja Exports Ltd as on 23 November 2024 is 121.

What is the High / Low of Gujarat Ambuja Exports Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gujarat Ambuja Exports Ltd stocks is 211/118.

What is the Stock P/E of Gujarat Ambuja Exports Ltd?

The Stock P/E of Gujarat Ambuja Exports Ltd is 16.4.

What is the Book Value of Gujarat Ambuja Exports Ltd?

The Book Value of Gujarat Ambuja Exports Ltd is 63.2.

What is the Dividend Yield of Gujarat Ambuja Exports Ltd?

The Dividend Yield of Gujarat Ambuja Exports Ltd is 0.29 %.

What is the ROCE of Gujarat Ambuja Exports Ltd?

The ROCE of Gujarat Ambuja Exports Ltd is 16.5 %.

What is the ROE of Gujarat Ambuja Exports Ltd?

The ROE of Gujarat Ambuja Exports Ltd is 13.2 %.

What is the Face Value of Gujarat Ambuja Exports Ltd?

The Face Value of Gujarat Ambuja Exports Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Gujarat Ambuja Exports Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE