---
title: "Gujarat Ambuja Exports Ltd (GAEL) — Share Price, Financials & Analysis"
symbol: "GAEL"
company: "Gujarat Ambuja Exports Ltd"
canonical: "https://tapetide.com/stocks/GAEL"
isin: "INE036B01030"
nse_symbol: "GAEL"
bse_code: "524226"
sector: "FMCG"
industry: "Agricultural Products"
market_cap_cr: 7437.8
generated_at: "2026-09-13T18:56:56.627Z"
---

# Gujarat Ambuja Exports Ltd (GAEL)

Canonical page: https://tapetide.com/stocks/GAEL

## Company

- **NSE Symbol:** GAEL
- **BSE Code:** 524226
- **ISIN:** INE036B01030
- **Sector:** FMCG
- **Industry:** Agricultural Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2000-10-11
- **CEO:** Mr. Manish Vijaykumar Gupta
- **Employees:** 2351
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** ambujagroup.com

## About

Gujarat Ambuja Exports is engaged in the manufacturing of Corn Starch Derivatives, Soya Derivatives, Feed Ingredients, Cotton Yarn, and Edible Oils. Since its incorporation in 1991, GAEL strives to serve the Food, Pharmaceutical, Feed, and many other industries with a long-term growth strategy in the Agro-Processing sector. (Source: Company Website)

## Latest Price

- **Price:** ₹163.08
- **Change:** -1.72 (-1.04%)
- **Open:** ₹162.4
- **Day High:** ₹164.45
- **Day Low:** ₹160.91
- **Previous Close:** ₹164.8
- **Volume:** 569293
- **As Of:** 2026-09-11T10:20:58+00:00

## Key Fundamentals

Observed at 2026-09-11T04:54:12.980094Z.

- **Market Cap:** ₹7437.8 Cr
- **Classification:** Microcap
- **P/E (reported):** 18.2
- **P/E (TTM):** 17.98
- **EPS (TTM):** ₹9.07
- **EPS (reported):** ₹7.67
- **Book Value:** ₹71.84
- **Price to Book:** 2.3
- **Dividend Yield:** 0.18%
- **ROE:** 9.23%
- **ROCE:** 12.46%
- **Debt to Equity:** 0.13
- **Revenue (yearly):** ₹5835.8 Cr
- **Net Income:** ₹304.3 Cr
- **EBITDA:** ₹573.6 Cr
- **52-Week High:** ₹184.99
- **52-Week Low:** ₹101.2
- **RSI (14):** 44.8

## Tapetide Score

- **Score:** 65 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 96.7 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 83.62 | 9% |
| growth | 76.84 | 9% |
| momentum | 84.66 | 12% |
| ownership | 54.83 | 24% |
| quality | 66.98 | 22% |
| valuation | 51.18 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- The company has delivered a poor sales growth of 4.01% over past five years.
- Company has a low return on equity of 10.4% over last 3 years.
- Dividend payout has been low at 3.06% of profits over last 3 years

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -33.04% | 6.99% | -61.73% |
| ebitda margin growth | 22.78% | -4.56% | -15.11% | -37.35% |
| net income growth | 30.67% | 22.06% | -3% | -2% |
| revenue growth | 9.43% | 24.3% | 5% | 4% |
| roce | 27.05% | 9.01% | -23.23% | 17.52% |
| roe | 30.63% | 11.2% | 10% | -58.87% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1116 | 1302 | 1346 | 1090 | 1125 | 1131 | 1267 | 1291 | 1487 | 1484 | 1467 | 1594 |
| Expenses | 1012 | 1176 | 1235 | 985 | 1015 | 1008 | 1204 | 1195 | 1411 | 1385 | 1272 | 1362 |
| Operating Profit | 103 | 126 | 111 | 106 | 110 | 123 | 62 | 96 | 76 | 99 | 195 | 232 |
| OPM % | 9 | 10 | 8 | 10 | 10 | 11 | 4.9 | 7 | 5 | 7 | 13 | 15 |
| Other Income | 42 | 39 | 37 | 29 | 20 | 9 | 25 | 30 | 19 | 28 | 26 | 39 |
| Interest | 6 | 3 | 3 | 3 | 4 | 3 | 6 | 5 | 9 | 6 | 7 | 2 |
| Depreciation | 30 | 30 | 30 | 31 | 31 | 32 | 32 | 35 | 35 | 33 | 34 | 33 |
| Profit before tax | 109 | 131 | 115 | 100 | 94 | 97 | 49 | 86 | 51 | 88 | 180 | 235 |
| Tax % | 24 | 23 | 21 | 24 | 26 | 27 | 35 | 24 | 25 | 25 | 25 | 25 |
| Net Profit | 83 | 101 | 91 | 77 | 69 | 71 | 32 | 65 | 38 | 66 | 135 | 177 |
| EPS in Rs | 1.8 | 2.2 | 1.99 | 1.67 | 1.51 | 1.56 | 0.7 | 1.42 | 0.83 | 1.44 | 2.95 | 3.85 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2531 | 2736 | 3817 | 4705 | 4670 | 4909 | 4927 | 4613 | 5729 | 6032 |
| Expenses | 2367 | 2549 | 3527 | 4171 | 3983 | 4433 | 4484 | 4211 | 5261 | 5429 |
| Operating Profit | 165 | 188 | 289 | 535 | 687 | 476 | 443 | 401 | 468 | 602 |
| OPM % | 6 | 7 | 8 | 11 | 15 | 10 | 9 | 9 | 8 | 10 |
| Other Income | 9 | 10 | 2 | 27 | 54 | 73 | 144 | 82 | 102 | 112 |
| Interest | 15 | 10 | 9 | 6 | 6 | 13 | 18 | 17 | 28 | 24 |
| Depreciation | 61 | 65 | 101 | 103 | 97 | 95 | 121 | 126 | 138 | 136 |
| Profit before tax | 98 | 123 | 181 | 452 | 638 | 441 | 448 | 341 | 404 | 554 |
| Tax % | 14 | 16 | 20 | 25 | 26 | 25 | 23 | 27 | 25 | — |
| Net Profit | 84 | 104 | 146 | 338 | 475 | 330 | 346 | 249 | 304 | 416 |
| EPS in Rs | 1.52 | 1.87 | 3.18 | 7.37 | 10.36 | 7.2 | 7.54 | 5.44 | 6.63 | 9.07 |
| Dividend Payout % | 14 | 11 | 8 | 4 | 3 | 5 | 0 | 5 | 5 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 28 | 28 | 28 | 23 | 23 | 23 | 23 | 46 | 46 | 46 |
| Reserves | 729 | 800 | 889 | 1304 | 1634 | 2095 | 2411 | 2723 | 2956 | 3249 |
| Borrowings | 401 | 309 | 329 | 160 | 163 | 281 | 229 | 199 | 229 | 441 |
| Other Liabilities | 154 | 148 | 176 | 250 | 342 | 354 | 289 | 342 | 356 | 424 |
| Total Liabilities | 1312 | 1284 | 1421 | 1736 | 2162 | 2753 | 2952 | 3310 | 3587 | 4160 |
| Fixed Assets | 479 | 543 | 562 | 787 | 731 | 771 | 1042 | 1037 | 1179 | 1185 |
| CWIP | 64 | 63 | 101 | 12 | 106 | 246 | 87 | 153 | 235 | 443 |
| Investments | 42 | 52 | 73 | 22 | 180 | 714 | 650 | 840 | 938 | 1061 |
| Other Assets | 727 | 626 | 686 | 915 | 1146 | 1022 | 1172 | 1280 | 1234 | 1472 |
| Total Assets | 1312 | 1284 | 1421 | 1736 | 2162 | 2753 | 2952 | 3310 | 3587 | 4160 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -120 | 253 | 135 | 241 | 298 | 596 | 241 | 213 | 341 | 228 |
| Cash from Investing Activity | -73 | -130 | -130 | -60 | -302 | -777 | -72 | -253 | -336 | -401 |
| Cash from Financing Activity | 187 | -124 | -3 | -97 | 1 | 100 | -76 | -55 | -13 | 176 |
| Net Cash Flow | -6 | 0 | 2 | 84 | -3 | -81 | 93 | -95 | -8 | 4 |
| Free Cash Flow | -223 | 130 | 18 | 156 | 149 | 312 | 44 | 4 | 47 | -153 |
| CFO/OP | -45 | 165 | 82 | 96 | 78 | 111 | 72 | 68 | 107 | 69 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 18 | 16 | 23 | 15 | 17 | 18 | 21 | 24 | 28 | 28 |
| Inventory Days | 75 | 82 | 73 | 74 | 77 | 76 | 69 | 81 | 79 | 70 |
| Days Payable | 10 | 12 | 14 | 17 | 18 | 21 | 15 | 18 | 14 | 13 |
| Cash Conversion Cycle | 83 | 86 | 82 | 72 | 76 | 73 | 75 | 87 | 94 | 84 |
| Working Capital Days | 21 | 30 | 29 | 42 | 44 | 31 | 44 | 56 | 56 | 42 |
| ROCE % | 15 | 9 | 11 | — | 28 | 30 | 18 | 16 | 11 | 12 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 63.84% | 63.84% | 63.84% | 63.84% | 63.84% | 63.84% | 63.84% | 63.84% | 63.84% | 63.84% | 63.84% | 63.84% |
| FIIs | 3.93% | 4.09% | 4.22% | 4.24% | 1.99% | 1.88% | 2.03% | 2.17% | 2.04% | 1.6% | 2.19% | 3.02% |
| DIIs | 0.42% | 1.15% | 2.36% | 1.39% | 0.63% | 0.39% | 0.51% | 0.19% | 0.61% | 0.58% | 0.83% | 0.65% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.27% | 20.82% | 18.22% | 19.25% | 21.86% | 22% | 21.21% | 21.61% | 21.78% | 22.02% | 21.13% | 20.5% |
| Others | 10.53% | 10.1% | 11.34% | 11.28% | 11.67% | 11.89% | 12.41% | 12.19% | 11.73% | 11.95% | 12.01% | 11.98% |
| No. of Shareholders | 82358 | 79575 | 93945 | 118488 | 140571 | 143454 | 139416 | 137348 | 134837 | 126326 | 114043 | 107147 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 7 / 4 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 168.55 | Sell |
| EMA (10) | 167.51 | Sell |
| SMA (20) | 171.87 | Sell |
| EMA (20) | 168.99 | Sell |
| SMA (50) | 165 | Sell |
| EMA (50) | 166.58 | Sell |
| SMA (100) | 162.13 | Buy |
| EMA (100) | 160.6 | Buy |
| SMA (200) | 147.61 | Buy |
| EMA (200) | 149.77 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.07 | Neutral |
| MACD (12,26,9) | -0.8 | Sell |
| Stochastic (14,3,3) | 8.21 | Buy |
| ADX (14) | 17.83 | Neutral |
| Williams %R (14) | -89.71 | Buy |
| ATR (14) | 6.25 | High Volatility |
| ROC (12) | -5.84 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 39.09 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 1 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 1 analyst ratings, observed at 2026-09-11T04:54:13.077318+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=230d269f-c0b0-4793-b44d-3aba51c7e524.pdf) |
| 2026-09-05 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f280ea7-48c2-4069-bf47-adba20ba7a9a.pdf) |
| 2026-09-05 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=960a8333-49d0-40a3-8129-7ff65bbdad77.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c427b09-c3cd-464c-b882-7db853ad8ca3.pdf) |
| 2026-08-12 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5674dbfb-9bd3-4158-a417-804e7fa60c2e.pdf) |
| 2026-08-12 | [Notice Of 35Th Annual General Meeting Of The Company Along With The Integrated Annual Report For The FY 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ffbc4436-eb98-4a68-a7dc-d963ceaf0bd4.pdf) |
| 2026-08-12 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f5cd4d0-e718-4389-9107-a3ce5a8979f9.pdf) |
| 2026-08-12 | [Dispatch Of Letter To Shareholders Of The Company Pursuant To Regulation 36(1)(B) Of The Listing Regulations.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9e749b9-9186-41b2-b931-47017d22263a.pdf) |
| 2026-08-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=facd4485-a52c-47ac-ba7d-38fd58948ff8.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad0e0446-631a-4755-a3fa-8defd1c77730.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-01 | [Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=96e85212-1a3d-4295-b25d-5445b8b6ac12.pdf) |
| 2026-05-09 | [Submission Of Audited Standalone And Consolidated Financial Results Of The Company For The Financial Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bad22c0f-8c68-4950-a6d9-f5eda490a290.pdf) |
| 2026-01-30 | [Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Third Quarter And Nine Months Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de36d3b9-1c62-406e-a481-a860d88bf542.pdf) |
| 2025-11-08 | [Submission Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Second Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8df51c4b-e7b5-463c-ac3e-76f3350cad6b.pdf) |
| 2025-08-02 | [Outcome Of Board Meeting Held On 02Nd August 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e48a466c-c931-4fd2-b570-2744e4160c76.pdf) |
| 2025-05-17 | [Submission Of Audited Standalone And Consolidated Financial Results For The Financial Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=677f8504-d69d-4f58-a883-3539166ec831.pdf) |
| 2025-01-25 | [Submission Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c46990fc-d344-4874-8f31-11d8928bd5dc.pdf) |
| 2024-10-28 | [Submission Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e45ee27-a877-4560-b7b0-7b8be0b92166.pdf) |
| 2024-08-03 | [Submission Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e14ed44f-851e-4307-8424-322204ea68d0.pdf) |
| 2024-05-18 | [Outcome Of Board Meeting Held On 18Th May, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d538634f-dce5-4f62-b283-e0fab91efde2.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Newspaper Publication regarding Special window for transfer and dematerialisation of Physical securities and reminder for updation of PAN, KYC and Nomination. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Apr - Newspaper Publication regarding Special window for transfer and dematerialisation of Physical securities and reminder for updation of PAN, KYC and Nomination.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/97a8480a-1c37-41de-918b-855bbb8961db.pdf) |
| 31 Mar - Independent Director Vishwavir Saran Das ceased after completing second term on 31 March 2026. | [Announcement under Regulation 30 (LODR)-Cessation 31 Mar - Independent Director Vishwavir Saran Das ceased after completing second term on 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/139bba22-1b59-45d8-92df-3baac94ecf7b.pdf) |
| 31 Jan - Newspaper advertisement of Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended 31st December, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jan - Newspaper advertisement of Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended 31st December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dee3968a-f3c5-4cf9-b9f3-e388bcac64ef.pdf) |
| 30 Jan - Unaudited standalone/consolidated results for quarter and nine months ended 31 Dec 2025, approved 30 Jan 2026 and emailed. | [Communication To The Members Of The Company Regarding Financial Results For The Quarter And Nine Months Ended 31St December, 2025 30 Jan - Unaudited standalone/consolidated results for quarter and nine months ended 31 Dec 2025, approved 30 Jan 2026 and emailed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53b80823-8bf9-4e79-a43d-4926d2aa5533.pdf) |
| 2d - Board approved FY26 audited results, recommended 30% final dividend, and reappointed internal and cost auditors. | [Board Meeting Outcome for Outcome Of Board Meeting Held On 09Th May, 2026 2d - Board approved FY26 audited results, recommended 30% final dividend, and reappointed internal and cost auditors.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/aeab8103-fe7d-4d36-a84a-8f39051be7f7.pdf) |
| 2d - Board approved FY26 audited results, recommended 30% final dividend, and reappointed internal and cost auditors. | [Corporate Action-Board approves Dividend 2d - Board approved FY26 audited results, recommended 30% final dividend, and reappointed internal and cost auditors.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3de13ac6-bdfb-4f05-a474-2d3826075169.pdf) |
| 2d - Board approved FY26 audited results, recommended 30% final dividend, and reappointed internal and cost auditors. | [Announcement under Regulation 30 (LODR)-Change in Management 2d - Board approved FY26 audited results, recommended 30% final dividend, and reappointed internal and cost auditors.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/94041333-5d25-442b-9f39-a7a191cc6667.pdf) |
| 2d - Audited Q4 and FY2026 results approved; final dividend of Rs. 0.30 per share recommended. | [Communication To The Members Of The Company Regarding Financial Results For The Fourth Quarter And Financial Year Ended 31St March, 2026 2d - Audited Q4 and FY2026 results approved; final dividend of Rs. 0.30 per share recommended.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2360cc39-5209-4fae-86e9-2e9b98ae327d.pdf) |
| 29 Apr - Mr. Sandeep Mohanraj Singhi ceased as Independent Director on 29 April 2026. | [Announcement under Regulation 30 (LODR)-Cessation 29 Apr - Mr. Sandeep Mohanraj Singhi ceased as Independent Director on 29 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56b11469-a448-4945-b694-bada67b6a82e.pdf) |
| 29 Apr - Mr. Sandeep Mohanraj Singhi ceased as Independent Director on 29 April 2026. | [Announcement under Regulation 30 (LODR)-Cessation 29 Apr - Mr. Sandeep Mohanraj Singhi ceased as Independent Director on 29 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/56b11469-a448-4945-b694-bada67b6a82e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_990_GAEL_2012_2013_13082013103851.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5674dbfb-9bd3-4158-a417-804e7fa60c2e.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba616b23-7518-4d2e-bcfc-d8e4ac6b304b.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58b00748-a3d2-4e2e-b8b9-ac379c94980e.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3bea28d-6577-4fd2-9f39-5eb4f81078ad.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/524226/73849524226.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/524226/69384524226.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/524226/5242260320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/524226/5242260319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/524226/5242260318.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:56:56.627Z.