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 37.8
Book Value ₹ 222
Dividend Yield 1.51 %
ROCE 10.8 %
ROE 8.34 %
Face Value ₹ 2.00

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Pros

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 43.1%

Cons

Stock is trading at 3.01 times its book value
Company has a low return on equity of 9.71% 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

Consolidated Figures in Rs. Crores / View Standalone

	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
	559	519	332	444	562	607	453	562	593	563	458	478	710
Operating Profit	390	247	51	121	189	211	140	92	194	169	69	101	104
OPM %	41%	32%	13%	21%	25%	26%	24%	14%	25%	23%	13%	17%	13%
	238	64	77	60	72	60	62	114	118	78	583	101	185
Interest	-0	1	1	1	1	1	1	1	0	1	1	1	5
Depreciation	21	19	18	20	22	21	21	26	27	22	22	22	49
Profit before tax	608	291	109	160	238	249	181	179	285	224	629	179	235
Tax %	27%	25%	32%	27%	21%	26%	29%	18%	21%	27%	26%	26%	17%
	442	219	75	117	187	184	128	148	226	164	466	133	194
EPS in Rs	13.90	6.88	2.35	3.67	5.89	5.79	4.02	4.64	7.11	5.15	14.65	4.18	6.10
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,434	1,179	1,537	2,051	1,880	1,449	1,329	2,732	3,498	2,463	2,851	2,653
	909	890	1,119	1,583	1,324	1,323	1,335	2,011	2,161	1,853	2,213	2,210
Operating Profit	525	289	418	468	556	126	-6	721	1,337	609	637	443
OPM %	37%	24%	27%	23%	30%	9%	-0%	26%	38%	25%	22%	17%
	253	156	181	121	-70	173	-241	158	396	271	355	947
Interest	2	1	1	2	2	2	2	3	2	3	2	7
Depreciation	138	131	151	119	96	92	94	98	81	80	95	115
Profit before tax	637	313	447	469	388	205	-343	778	1,649	798	895	1,268
Tax %	21%	30%	27%	26%	43%	28%	-90%	43%	27%	25%	23%	25%
	501	219	325	347	220	146	-36	446	1,204	597	686	957
EPS in Rs	15.75	6.89	10.22	10.90	6.91	4.61	-1.12	14.02	37.88	18.78	21.57	30.08
Dividend Payout %	19%	44%	29%	32%	29%	43%	-18%	31%	30%	51%	47%	32%

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

Compounded Profit Growth
10 Years:	10%
5 Years:	8%
3 Years:	-22%
TTM:	-17%

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:	8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	3,180	3,633	3,937	4,288	4,254	4,032	4,003	4,758	5,722	6,036	6,348	7,009
	679	0	0	0	0	0	1	1	2	3	126	317
	1,045	1,012	1,120	1,044	894	967	905	1,064	1,166	1,266	1,214	1,594
Total Liabilities	4,966	4,709	5,121	5,395	5,211	5,063	4,973	5,886	6,953	7,369	7,752	8,983
	1,771	1,719	2,075	2,147	2,131	2,058	1,585	1,510	1,454	1,551	1,553	3,039
CWIP	958	31	21	11	1	4	6	23	28	292	741	215
Investments	121	644	657	782	429	264	299	596	491	566	484	464
	2,117	2,314	2,368	2,456	2,651	2,737	3,083	3,756	4,979	4,960	4,974	5,265
Total Assets	4,966	4,709	5,121	5,395	5,211	5,063	4,973	5,886	6,953	7,369	7,752	8,983

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	101	204	452	241	142	1	147	481	933	110	1,059	744
	-13	-67	-350	-138	23	84	87	-674	-787	254	-808	-613
	-111	-115	-115	-97	-134	-77	-63	-7	-137	-365	-183	-154
Net Cash Flow	-23	22	-13	6	31	8	170	-199	8	-0	68	-23
Free Cash Flow	27	205	-6	35	72	-9	135	443	908	-366	424	-289
CFO/OP	61%	126%	140%	95%	61%	127%	-292%	98%	103%	56%	135%	202%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	240	356	228	178	228	271	290	153	147	228	177	263
ROCE %	16%	8%	12%	11%	14%	5%	1%	18%	31%	13%	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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