Gujarat Mineral Development Corporation Ltd

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Gujarat Mineral Development Corporation Ltd

₹ 355 -0.50%
20 May - close price
gmdcltd.com BSE: 532181 NSE: GMDCLTD
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 ₹ 11,281 Cr.
  • Current Price ₹ 355
  • High / Low ₹ 440 / 226
  • Stock P/E 16.4
  • Book Value ₹ 202
  • Dividend Yield 2.69 %
  • ROCE 14.2 %
  • ROE 11.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 42.1%

Cons

  • Earnings include an other income of Rs.355 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

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

Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,057 1,155 539 855 948 766 383 564 750 818 593 653 786
595 715 368 520 559 519 332 444 562 607 453 562 593
Operating Profit 462 441 171 336 390 247 51 121 189 211 140 92 194
OPM % 44% 38% 32% 39% 41% 32% 13% 21% 25% 26% 24% 14% 25%
40 48 53 57 238 64 77 60 72 60 62 114 118
Interest 2 1 1 2 -0 1 1 1 1 1 1 1 0
Depreciation 36 21 19 21 21 19 18 20 22 21 21 26 27
Profit before tax 465 467 205 370 608 291 109 160 238 249 181 179 285
Tax % 53% 26% 26% 28% 27% 25% 32% 27% 21% 26% 29% 18% 21%
218 345 151 266 442 219 75 117 187 184 128 148 226
EPS in Rs 6.85 10.85 4.76 8.37 13.90 6.88 2.35 3.67 5.89 5.79 4.02 4.64 7.11
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,434 1,179 1,537 2,051 1,880 1,449 1,329 2,732 3,498 2,463 2,851
668 909 890 1,119 1,583 1,324 1,323 1,335 2,011 2,161 1,837 2,213
Operating Profit 617 525 289 418 468 556 126 -6 721 1,337 626 637
OPM % 48% 37% 24% 27% 23% 30% 9% -0% 26% 38% 25% 22%
137 253 156 181 121 -70 173 -241 158 396 273 355
Interest 0 2 1 1 2 2 2 2 3 2 3 2
Depreciation 125 138 131 151 119 96 92 94 98 81 79 95
Profit before tax 630 637 313 447 469 388 205 -343 778 1,649 818 895
Tax % 30% 21% 30% 27% 26% 43% 28% -90% 43% 27% 25% 23%
439 501 219 325 347 220 146 -36 446 1,204 617 686
EPS in Rs 13.81 15.75 6.89 10.22 10.90 6.91 4.61 -1.12 14.02 37.88 19.41 21.57
Dividend Payout % 22% 19% 44% 29% 32% 29% 43% -18% 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: 36%
3 Years: 15%
TTM: 11%
Stock Price CAGR
10 Years: 13%
5 Years: 59%
3 Years: 27%
1 Year: -17%
Return on Equity
10 Years: 10%
5 Years: 13%
3 Years: 14%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 3,180 3,633 3,937 4,288 4,254 4,032 4,003 4,758 5,722 6,052 6,348
0 679 0 0 0 0 0 1 1 2 3 126
1,091 1,045 1,012 1,120 1,044 894 967 905 1,064 1,166 1,249 1,212
Total Liabilities 3,953 4,966 4,709 5,121 5,395 5,211 5,063 4,973 5,886 6,953 7,368 7,750
1,862 1,771 1,719 2,075 2,147 2,131 2,058 1,585 1,510 1,454 1,552 1,791
CWIP 12 958 31 21 11 1 4 6 23 28 291 503
Investments 260 121 644 657 782 429 264 299 596 491 568 484
1,818 2,117 2,314 2,368 2,456 2,651 2,737 3,083 3,756 4,979 4,957 4,972
Total Assets 3,953 4,966 4,709 5,121 5,395 5,211 5,063 4,973 5,886 6,953 7,368 7,750

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
287 101 204 452 241 142 1 147 481 933 109 1,059
-190 -13 -67 -350 -138 23 84 87 -674 -787 238 -808
-111 -111 -115 -115 -97 -134 -77 -63 -7 -137 -365 -183
Net Cash Flow -15 -23 22 -13 6 31 8 170 -199 8 -18 68

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 258 243 356 228 178 228 271 290 153 147 229 177
ROCE % 23% 16% 8% 12% 11% 14% 5% 1% 18% 31% 14% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00%
3.61% 3.67% 4.07% 3.82% 3.08% 1.89% 1.76% 1.82% 1.60% 1.68% 1.94% 2.15%
2.11% 1.93% 1.72% 1.65% 1.51% 1.00% 0.89% 0.75% 1.00% 0.78% 0.75% 0.76%
0.05% 0.00% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.00% 0.00% 0.00%
20.23% 20.40% 20.15% 20.54% 21.41% 23.09% 23.34% 23.43% 23.36% 23.54% 23.33% 23.10%
No. of Shareholders 1,29,1711,30,6361,28,7211,28,2571,31,6401,56,0021,79,0432,29,4632,41,7252,52,0242,51,8132,50,538

* 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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