Gujarat Mineral Development Corporation Ltd

₹ 668 0.04%

02 Jun - close price

About

Gujarat Mineral Development Corporation is primarily engaged in 2 sectors i.e. mining and power.^[1] Its projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar.^[2]

Key Points

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]

Website BSE NSE

Market Cap ₹ 21,258 Cr.
Current Price ₹ 668
High / Low ₹ 772 / 360
Stock P/E 35.8
Book Value ₹ 222
Dividend Yield 1.51 %
ROCE 11.3 %
ROE 8.82 %
Face Value ₹ 2.00

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Pros

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 42.7%

Cons

Stock is trading at 3.01 times its book value
Company has a low return on equity of 9.93% over last 3 years.
Earnings include an other income of Rs.947 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 Nifty Smallcap 100 BSE Commodities BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty500 Momentum 50 Nifty Smallcap250 Momentum Quality 100 Nifty500 Equal Weight Nifty500 Multicap Momentum Quality 50 Nifty500 LargeMidSmall Equal-Cap Weighted BSE 1000 BSE 500 Dividend Leaders 50 BSE 500 Momentum 50 Nifty Smallcap 500

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	948	766	383	564	750	818	593	653	786	733	528	579	814
	558	519	330	443	561	606	451	561	592	563	454	476	684
Operating Profit	390	247	53	121	189	212	142	93	194	170	74	103	130
OPM %	41%	32%	14%	21%	25%	26%	24%	14%	25%	23%	14%	18%	16%
	236	61	77	60	71	60	62	115	117	77	583	101	185
Interest	-0	1	1	1	1	1	1	1	0	0	1	1	5
Depreciation	21	19	18	20	22	21	21	26	27	22	22	22	49
Profit before tax	606	288	111	161	236	250	183	180	284	225	634	182	262
Tax %	27%	25%	31%	27%	21%	26%	29%	18%	21%	27%	26%	26%	16%
	441	216	76	117	186	185	129	149	225	164	470	135	221
EPS in Rs	13.85	6.78	2.40	3.69	5.86	5.80	4.06	4.68	7.09	5.16	14.79	4.25	6.96
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,413	1,179	1,537	2,051	1,880	1,449	1,329	2,732	3,498	2,463	2,851	2,653
	891	879	1,116	1,499	1,319	1,321	1,332	2,009	2,161	1,853	2,210	2,176
Operating Profit	522	300	421	552	560	128	-3	723	1,337	610	641	477
OPM %	37%	25%	27%	27%	30%	9%	-0%	26%	38%	25%	22%	18%
	253	151	179	119	-155	169	-245	155	392	269	354	947
Interest	2	1	1	2	2	2	2	3	2	3	2	7
Depreciation	137	131	151	119	96	92	94	98	81	80	95	115
Profit before tax	636	318	447	551	307	203	-344	777	1,646	796	897	1,302
Tax %	21%	29%	27%	22%	55%	29%	-89%	43%	27%	25%	23%	24%
	500	225	325	428	139	145	-37	445	1,201	596	688	991
EPS in Rs	15.73	7.06	10.23	13.47	4.36	4.56	-1.16	14.00	37.77	18.73	21.63	31.16
Dividend Payout %	19%	42%	29%	26%	46%	44%	-17%	31%	30%	51%	47%	30%

Compounded Sales Growth
10 Years:	8%
5 Years:	15%
3 Years:	-9%
TTM:	-7%

Compounded Profit Growth
10 Years:	10%
5 Years:	9%
3 Years:	-21%
TTM:	-13%

Stock Price CAGR
10 Years:	26%
5 Years:	56%
3 Years:	59%
1 Year:	84%

Return on Equity
10 Years:	10%
5 Years:	12%
3 Years:	10%
Last Year:	9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	64	64	64	64	64	64	64	64	64	64	64	64
Reserves	3,178	3,601	3,905	4,337	4,222	3,999	3,969	4,722	5,683	5,996	6,310	7,005
	0	0	0	0	0	0	1	1	2	3	126	317
	947	1,012	1,119	1,044	891	967	905	1,063	1,166	1,266	1,213	1,594
Total Liabilities	4,188	4,676	5,088	5,444	5,177	5,030	4,938	5,849	6,914	7,328	7,713	8,979
	1,756	1,717	2,073	2,145	2,129	2,056	1,583	1,508	1,452	1,549	1,550	3,039
CWIP	46	31	21	11	1	4	6	23	28	292	741	215
Investments	299	644	657	863	426	259	292	587	480	553	473	459
	2,087	2,284	2,337	2,426	2,620	2,710	3,057	3,731	4,953	4,934	4,950	5,265
Total Assets	4,188	4,676	5,088	5,444	5,177	5,030	4,938	5,849	6,914	7,328	7,713	8,979

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	92	208	457	325	143	6	149	483	935	111	1,062	744
	-13	-70	-352	-220	21	82	85	-675	-789	253	-812	-613
	-111	-115	-115	-97	-134	-77	-63	-7	-137	-365	-183	-154
Net Cash Flow	-33	23	-10	8	30	11	172	-199	8	-0	67	-23
Free Cash Flow	17	209	-1	119	73	-4	138	445	910	-365	427	-289
CFO/OP	59%	122%	141%	96%	61%	128%	-694%	98%	103%	57%	135%	188%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	21	30	28	20	29	35	40	27	19	15	11	10
Inventory Days
Days Payable
Cash Conversion Cycle	21	30	28	20	29	35	40	27	19	15	11	10
Working Capital Days	254	358	228	178	228	271	290	153	147	224	174	263
ROCE %	17%	9%	12%	13%	14%	5%	1%	18%	31%	14%	14%	11%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Bauxite Sales Volume
Lakh MT

x.xx	x.xx	xx.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	x.xx
x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	x.xx
xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx

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Lignite Production Volume
Lakh MT

Lignite Sales Volume
Lakh MT

Thermal Power Generation
MU

Thermal Power Plant Load Factor (PLF)
%

Wind Power Generation
MU

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%
	3.08%	1.89%	1.76%	1.82%	1.60%	1.68%	1.94%	2.15%	2.25%	3.32%	2.30%	3.76%
	1.51%	1.00%	0.89%	0.75%	1.00%	0.78%	0.75%	0.76%	0.79%	0.76%	0.86%	0.94%
	0.00%	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	21.41%	23.09%	23.34%	23.43%	23.36%	23.54%	23.33%	23.10%	22.97%	21.92%	22.84%	21.31%
No. of Shareholders	1,31,640	1,56,002	1,79,043	2,29,463	2,41,725	2,52,024	2,51,813	2,50,538	2,27,850	2,24,558	2,37,220	2,41,551

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%
	3.53%	4.39%	3.47%	2.44%	1.29%	2.93%	3.82%	1.82%	2.15%	3.76%
	11.44%	10.93%	10.61%	9.98%	2.50%	2.66%	1.65%	0.75%	0.76%	0.94%
	0.00%	0.02%	0.03%	0.03%	0.04%	0.05%	0.00%	0.00%	0.00%	0.00%
	11.03%	10.65%	11.89%	13.55%	22.18%	20.36%	20.54%	23.43%	23.10%	21.31%
No. of Shareholders	63,943	63,410	66,997	69,889	1,05,891	1,10,224	1,28,257	2,29,463	2,50,538	2,41,551

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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