Rs 58 to Rs 230: Shares of this small-cap company surged almost 300% in the last 2.5 years!

An investment of Rs 1 lakh in the shares of Gujarat Ambuja Exports Ltd two and a half years ago would have turned to Rs 3.96 lakh today. 

Gujarat Ambuja Exports Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last 2.5 years. During this period, the company’s share price jumped from Rs 58 on 27 May 2020 to Rs 230.25 on 28 November 2022, an increase of 296.9% in the holding period. 

An investment of Rs 1 lakh in the shares of Gujarat Ambuja Exports Ltd two and a half years ago would have turned to Rs 3.96 lakh today. 

Gujarat Ambuja Exports Ltd is involved in agro-processing and trading and has focused on exports, competing in the global market. The company is one of India’s major manufacturers and exporters of the following: Edible Oil – Refined Soya Bean Oil, Refined Palm Oil, Refined RBD Palmoline and Refined Cotton Seed, Starch and Derivatives - Malto Dextrin, Malto Dextrin, Dextrin, Dextrose Monohydrate, etc. 

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue decreased by 6.43% YoY to Rs 1077.77 crore. Subsequently, the bottom line decreased by 37.8% YoY to Rs 64.10 crore. 

The company is currently trading at a TTM PE of 12.08x against the industry PE of 15.34x. In FY22, the company delivered an ROE & ROCE of 25% and 30%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 5,301.09 crore. 

Today, the scrip opened at Rs 231.55 and has touched a high and low of Rs 232.80 and Rs 229.55, respectively. Also, 14,784 shares have been traded on the bourses.  

At the closing bell, the shares of Gujarat Ambuja Exports Ltd were trading at Rs 231.15, an increase of 0.39% from the previous day’s closing price of Rs 230.25 on BSE. The stock has a 52-week high & low of Rs 393.85 and Rs 151, respectively on BSE.