Gujarat Mineral Development Corporation Ltd

Gujarat Mineral Development Corporation is a holding company. The Company operates through two segments: Mining and Power. The Company's projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar.

Pros:
Company is virtually debt free.
Stock is trading at 0.43 times its book value
Company has been maintaining a healthy dividend payout of 33.72%
Cons:
Company has a low return on equity of 8.15% for last 3 years.
Contingent liabilities of Rs.697.81 Cr.

Peer Comparison Sector: Mining & Mineral products // Industry: Mining / Minerals / Metals

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
248 380 544 583 346 506 635 645 294 410 530 505
182 314 395 400 245 375 500 390 218 349 361 391
Operating Profit 66 66 149 183 101 131 135 255 76 61 169 114
OPM % 27% 17% 27% 31% 29% 26% 21% 39% 26% 15% 32% 23%
Other Income 58 45 28 26 31 26 37 30 -260 35 40 35
Interest 0 0 0 0 0 0 0 0 0 0 1 0
Depreciation 34 42 44 39 37 38 -1 28 17 23 28 23
Profit before tax 90 68 133 170 95 119 173 256 -202 73 180 124
Tax % 19% 32% 32% 16% -19% 34% 42% 27% -10% 31% 31% 23%
Net Profit 73 47 90 143 113 79 100 187 -222 50 124 96
EPS in Rs 2.29 1.46 2.83 4.49 3.55 2.47 3.15 5.87 -6.99 1.58 3.90 3.01
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
980 977 1,065 1,415 1,627 1,670 1,285 1,413 1,179 1,537 2,051 1,880 1,740
447 522 583 764 866 800 668 892 879 1,116 1,499 1,320 1,320
Operating Profit 533 455 482 651 760 870 617 522 300 421 552 560 419
OPM % 54% 47% 45% 46% 47% 52% 48% 37% 25% 27% 27% 30% 24%
Other Income 41 46 36 39 73 151 137 253 151 179 119 -155 -150
Interest 70 54 26 15 7 0 0 2 1 1 2 2 2
Depreciation 96 78 86 90 108 117 125 137 131 151 119 96 92
Profit before tax 408 370 406 585 718 904 630 636 318 447 551 307 175
Tax % 35% 37% 31% 36% 32% 34% 30% 21% 29% 27% 22% 55%
Net Profit 264 231 280 375 487 601 439 500 225 325 428 139 48
EPS in Rs 8.13 6.94 8.38 11.31 14.82 18.38 13.30 15.12 6.45 10.23 13.47 4.36 1.50
Dividend Payout % 12% 27% 28% 25% 20% 16% 22% 19% 42% 29% 26% 46%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:6.76%
5 Years:7.90%
3 Years:16.83%
TTM:-18.39%
Compounded Profit Growth
10 Years:0.89%
5 Years:-10.37%
3 Years:4.06%
TTM:-89.99%
Stock Price CAGR
10 Years:-6.60%
5 Years:-17.61%
3 Years:-15.93%
1 Year:-40.59%
Return on Equity
10 Years:13.43%
5 Years:8.79%
3 Years:8.15%
Last Year:5.82%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
32 64 64 64 64 64 64 64 64 64 64 64
Reserves 1,030 1,155 1,342 1,606 1,982 2,471 2,799 3,178 3,601 3,905 4,337 4,222
Borrowings 664 479 216 52 0 0 0 0 0 0 0 0
1,053 1,192 1,380 964 1,261 1,262 1,194 1,038 1,149 1,274 1,216 1,069
Total Liabilities 2,779 2,889 3,001 2,686 3,306 3,796 4,057 4,280 4,813 5,242 5,617 5,355
1,343 1,308 1,341 1,517 1,758 1,780 1,862 1,756 1,717 2,073 2,145 2,129
CWIP 13 2 10 19 6 24 11 46 31 21 11 1
Investments 61 59 133 133 133 183 260 299 644 657 863 426
1,362 1,520 1,518 1,017 1,410 1,809 1,923 2,179 2,421 2,491 2,599 2,798
Total Assets 2,779 2,889 3,001 2,686 3,306 3,796 4,057 4,280 4,813 5,242 5,617 5,355

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
468 247 559 389 562 220 286 92 208 457 325 103
-11 -4 -190 -257 -287 -109 -190 -13 -70 -352 -220 21
-403 -277 -369 -193 -253 -111 -112 -111 -115 -115 -97 -134
Net Cash Flow 54 -33 1 -61 21 0 -15 -33 23 -10 8 -10

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 27% 25% 26% 36% 38% 40% 23% 17% 9% 12% 13% 14%
Debtor Days 30 35 17 7 10 9 15 21 30 28 20 29
Inventory Turnover 25.26 18.18 16.16 20.12 23.46 29.02 26.03 25.06 21.75 24.55 26.89 20.86