Gujarat Mineral Development Corporation Ltd

₹ 141 0.18%
02 Feb 2:10 p.m.
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 ₹ 4,495 Cr.
  • Current Price ₹ 141
  • High / Low ₹ 228 / 114
  • Stock P/E 5.48
  • Book Value ₹ 162
  • Dividend Yield 3.15 %
  • ROCE 16.7 %
  • ROE 9.16 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.86 times its book value
  • Stock is providing a good dividend yield of 3.07%.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 19.8%

Cons

  • Company has a low return on equity of 7.35% over last 3 years.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
264 340 412 240 204 329 566 498 452 725 1,057 1,155 539
238 327 409 242 206 368 534 468 426 523 637 715 368
Operating Profit 27 12 3 -1 -2 -39 32 31 26 201 420 441 171
OPM % 10% 4% 1% -1% -1% -12% 6% 6% 6% 28% 40% 38% 32%
41 40 56 36 34 42 -352 35 43 40 41 48 53
Interest 0 0 1 0 1 0 0 1 1 1 1 1 1
Depreciation 22 22 24 22 22 23 28 21 20 21 36 21 19
Profit before tax 45 30 35 12 10 -20 -349 45 49 220 424 467 205
Tax % 13% 5% 65% -1,017% -25% 86% 47% 15% 17% 32% 58% 26% 26%
Net Profit 39 28 12 136 12 -3 -185 38 40 150 177 345 151
EPS in Rs 1.23 0.89 0.39 4.28 0.38 -0.09 -5.81 1.19 1.27 4.71 5.57 10.85 4.76
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,415 1,627 1,670 1,285 1,434 1,179 1,537 2,051 1,880 1,449 1,329 2,711 3,476
761 866 784 668 909 890 1,119 1,583 1,324 1,323 1,335 2,033 2,243
Operating Profit 654 760 886 617 525 289 418 468 556 126 -6 679 1,233
OPM % 46% 47% 53% 48% 37% 24% 27% 23% 30% 9% -0% 25% 35%
39 73 135 137 253 156 181 121 -70 173 -241 158 181
Interest 15 7 0 0 2 1 1 2 2 2 2 2 2
Depreciation 93 108 117 125 138 131 151 119 96 92 94 98 97
Profit before tax 585 718 904 630 637 313 447 469 388 205 -343 737 1,315
Tax % 36% 32% 34% 30% 21% 30% 27% 26% 43% 28% 90% 45%
Net Profit 375 487 601 439 501 219 325 347 220 146 -36 405 823
EPS in Rs 11.79 15.31 18.89 13.81 15.75 6.89 10.22 10.90 6.91 4.61 -1.12 12.73 25.89
Dividend Payout % 25% 20% 16% 22% 19% 44% 29% 32% 29% 43% -18% 34%
Compounded Sales Growth
10 Years: 5%
5 Years: 12%
3 Years: 13%
TTM: 88%
Compounded Profit Growth
10 Years: -2%
5 Years: 5%
3 Years: 7%
TTM: 186%
Stock Price CAGR
10 Years: -3%
5 Years: 0%
3 Years: 34%
1 Year: 20%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 7%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
64 64 64 64 64 64 64 64 64 64 64 64 64
Reserves 1,606 1,982 2,471 2,799 3,180 3,633 3,937 4,288 4,254 4,032 4,003 4,703 5,075
133 0 0 0 679 0 0 0 0 0 1 1 1
836 1,175 1,175 1,091 1,045 1,012 1,120 1,044 894 967 905 1,153 1,136
Total Liabilities 2,639 3,220 3,710 3,953 4,966 4,709 5,121 5,395 5,211 5,063 4,973 5,920 6,275
1,517 1,758 1,780 1,862 1,771 1,719 2,075 2,147 2,131 2,058 1,585 1,510 1,488
CWIP 19 6 24 12 958 31 21 11 1 4 6 23 12
Investments 133 133 183 260 121 644 657 782 429 264 299 596 562
970 1,324 1,723 1,818 2,117 2,314 2,368 2,456 2,651 2,737 3,083 3,791 4,213
Total Assets 2,639 3,220 3,710 3,953 4,966 4,709 5,121 5,395 5,211 5,063 4,973 5,920 6,275

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
389 562 220 287 101 204 452 241 142 1 147 -215
-257 -287 -109 -190 -13 -67 -350 -138 23 84 87 23
-193 -253 -111 -111 -111 -115 -115 -97 -134 -77 -63 -7
Net Cash Flow -61 21 0 -15 -23 22 -13 6 31 8 170 -199

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 7 10 9 15 21 30 28 20 29 35 40 28
Inventory Days
Days Payable
Cash Conversion Cycle 7 10 9 15 21 30 28 20 29 35 40 28
Working Capital Days 3 104 149 258 243 356 228 178 228 271 290 157
ROCE % 35% 38% 40% 23% 16% 8% 12% 11% 14% 5% 1% 17%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00
2.44 2.74 2.49 1.52 1.29 1.31 1.29 1.71 2.93 3.61 3.67 4.07
9.98 5.71 2.50 2.50 2.50 2.50 0.86 2.50 2.66 2.11 1.93 1.72
0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.05 0.05 0.00 0.05
13.55 17.51 20.98 21.95 22.18 22.15 23.81 21.75 20.36 20.23 20.40 20.15

* 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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