Gujarat Mineral Development Corporation Ltd
- Market Cap ₹ 13,361 Cr.
- Current Price ₹ 420
- High / Low ₹ 440 / 226
- Stock P/E 19.4
- Book Value ₹ 200
- Dividend Yield 2.27 %
- ROCE 14.3 %
- ROE 11.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 42.2%
Cons
- Earnings include an other income of Rs.354 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Minerals & Mining Industrial Minerals
Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,285 | 1,413 | 1,179 | 1,537 | 2,051 | 1,880 | 1,449 | 1,329 | 2,732 | 3,498 | 2,463 | 2,851 | |
668 | 891 | 879 | 1,116 | 1,499 | 1,319 | 1,321 | 1,332 | 2,009 | 2,161 | 1,836 | 2,210 | |
Operating Profit | 617 | 522 | 300 | 421 | 552 | 560 | 128 | -3 | 723 | 1,337 | 627 | 641 |
OPM % | 48% | 37% | 25% | 27% | 27% | 30% | 9% | -0% | 26% | 38% | 25% | 22% |
137 | 253 | 151 | 179 | 119 | -155 | 169 | -245 | 155 | 392 | 269 | 354 | |
Interest | 0 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 2 |
Depreciation | 125 | 137 | 131 | 151 | 119 | 96 | 92 | 94 | 98 | 81 | 79 | 95 |
Profit before tax | 630 | 636 | 318 | 447 | 551 | 307 | 203 | -344 | 777 | 1,646 | 814 | 897 |
Tax % | 30% | 21% | 29% | 27% | 22% | 55% | 29% | -89% | 43% | 27% | 25% | 23% |
439 | 500 | 225 | 325 | 428 | 139 | 145 | -37 | 445 | 1,201 | 614 | 688 | |
EPS in Rs | 13.81 | 15.73 | 7.06 | 10.23 | 13.47 | 4.36 | 4.56 | -1.16 | 14.00 | 37.77 | 19.30 | 21.63 |
Dividend Payout % | 22% | 19% | 42% | 29% | 26% | 46% | 44% | -17% | 31% | 30% | 49% | 47% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 14% |
3 Years: | 1% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 37% |
3 Years: | 16% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 60% |
3 Years: | 47% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 13% |
3 Years: | 14% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
Reserves | 2,799 | 3,178 | 3,601 | 3,905 | 4,337 | 4,222 | 3,999 | 3,969 | 4,722 | 5,683 | 6,010 | 6,310 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 126 | |
1,090 | 947 | 1,012 | 1,119 | 1,044 | 891 | 967 | 905 | 1,063 | 1,166 | 1,249 | 1,212 | |
Total Liabilities | 3,952 | 4,188 | 4,676 | 5,088 | 5,444 | 5,177 | 5,030 | 4,938 | 5,849 | 6,914 | 7,325 | 7,712 |
1,862 | 1,756 | 1,717 | 2,073 | 2,145 | 2,129 | 2,056 | 1,583 | 1,508 | 1,452 | 1,550 | 1,788 | |
CWIP | 11 | 46 | 31 | 21 | 11 | 1 | 4 | 6 | 23 | 28 | 291 | 503 |
Investments | 260 | 299 | 644 | 657 | 863 | 426 | 259 | 292 | 587 | 480 | 553 | 473 |
1,818 | 2,087 | 2,284 | 2,337 | 2,426 | 2,620 | 2,710 | 3,057 | 3,731 | 4,953 | 4,931 | 4,948 | |
Total Assets | 3,952 | 4,188 | 4,676 | 5,088 | 5,444 | 5,177 | 5,030 | 4,938 | 5,849 | 6,914 | 7,325 | 7,712 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
286 | 92 | 208 | 457 | 325 | 143 | 6 | 149 | 483 | 935 | 110 | 1,062 | |
-190 | -13 | -70 | -352 | -220 | 21 | 82 | 85 | -675 | -789 | 237 | -812 | |
-112 | -111 | -115 | -115 | -97 | -134 | -77 | -63 | -7 | -137 | -365 | -183 | |
Net Cash Flow | -15 | -33 | 23 | -10 | 8 | 30 | 11 | 172 | -199 | 8 | -18 | 67 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 15 | 21 | 30 | 28 | 20 | 29 | 35 | 40 | 27 | 19 | 15 | 11 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 15 | 21 | 30 | 28 | 20 | 29 | 35 | 40 | 27 | 19 | 15 | 11 |
Working Capital Days | 259 | 254 | 358 | 228 | 178 | 228 | 271 | 290 | 153 | 147 | 229 | 174 |
ROCE % | 23% | 17% | 9% | 12% | 13% | 14% | 5% | 1% | 18% | 31% | 14% | 14% |
Documents
Announcements
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Closure of Trading Window
27 Jun - Trading window closed from July 1, 2025, till 48 hours post Q1 results announcement.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - GMDC Q4 FY25 call: delays in lignite, coal mine groundbreaking this year, Rs.13,000cr capex till 2030, growth plans detailed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
23 May - Audio recording link of GMDC's investor call post FY25 audited results shared.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 May - Q4 & FY25 earnings call scheduled for May 23, 2025, at 4 PM IST by GMDC management.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 May - GMDC reports 2nd highest FY25 revenue ₹2851 Cr, 3rd highest PBT ₹897 Cr, with strong operational growth.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2025TranscriptPPT
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Aug 2024TranscriptPPTREC
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Jul 2024TranscriptPPTREC
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Aug 2023TranscriptPPT
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Feb 2023TranscriptPPT
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Oct 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Mar 2022TranscriptNotesPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
Minerals & Metals
The company mines and extracts different minerals and metals such as lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite and ball clay [1] from various districts in Gujarat such as Kutch, Surat, Baroda, Rajkot, Jamnagar, Porbandar, Amreli, Bhavnagar and others. [2]