Gujarat Mineral Development Corporation Ltd

About [ edit ]

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.

  • Market Cap 2,306 Cr.
  • Current Price 72.5
  • High / Low 83.4 / 34.2
  • Stock P/E 12.4
  • Book Value 140
  • Dividend Yield 2.76 %
  • ROCE 6.16 %
  • ROE 4.76 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.52 times its book value
  • Company has been maintaining a healthy dividend payout of 30.73%

Cons

  • The company has delivered a poor sales growth of 1.19% over past five years.
  • Company has a low return on equity of 6.88% for last 3 years.
  • Contingent liabilities of Rs.826.60 Cr.
  • Earnings include an other income of Rs.167.66 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
400.48 644.82 293.97 410.38 530.50 504.85 264.42 339.66 412.02 240.11 204.06 329.26
273.83 391.27 219.38 350.41 362.50 392.12 237.73 327.44 380.66 241.52 206.01 367.83
Operating Profit 126.65 253.55 74.59 59.97 168.00 112.73 26.69 12.22 31.36 -1.41 -1.95 -38.57
OPM % 31.62% 39.32% 25.37% 14.61% 31.67% 22.33% 10.09% 3.60% 7.61% -0.59% -0.96% -11.71%
Other Income 155.16 29.61 -176.32 36.82 40.11 35.03 40.71 40.19 55.91 36.04 33.88 41.83
Interest 1.68 0.38 0.40 0.40 0.66 0.39 0.39 0.38 0.73 0.46 0.53 0.49
Depreciation 47.74 27.54 17.39 23.13 28.08 23.48 22.14 22.42 23.54 21.99 21.85 22.72
Profit before tax 232.39 255.24 -119.52 73.26 179.37 123.89 44.87 29.61 63.00 12.18 9.55 -19.95
Tax % -1.11% 27.23% -17.19% 30.73% 31.20% 23.06% 13.08% 4.66% 35.71% -1,017.49% -25.13% 86.17%
Net Profit 234.95 185.75 -140.08 50.76 123.41 95.32 39.00 28.24 40.50 136.11 11.95 -2.76
EPS in Rs 7.39 5.84 -4.41 1.60 3.88 3.00 1.23 0.89 1.27 4.28 0.38 -0.09

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,065 1,415 1,627 1,670 1,285 1,434 1,179 1,537 2,051 1,880 1,521 1,185
583 761 866 800 668 909 890 1,119 1,583 1,324 1,338 1,196
Operating Profit 482 654 760 870 617 524 289 418 468 556 183 -11
OPM % 45% 46% 47% 52% 48% 37% 24% 27% 23% 30% 12% -1%
Other Income 36 39 73 151 137 253 156 181 121 -69 173 168
Interest 26 15 7 -0 0 2 1 1 2 2 2 2
Depreciation 86 93 108 117 125 138 131 151 119 96 92 90
Profit before tax 406 585 718 904 630 637 313 447 469 388 262 65
Tax % 31% 36% 32% 34% 30% 21% 30% 27% 26% 43% 22%
Net Profit 280 375 487 601 439 501 219 325 347 220 204 186
EPS in Rs 8.80 11.79 15.31 18.89 13.81 15.75 6.89 10.22 10.90 6.91 6.42 5.84
Dividend Payout % 28% 25% 20% 16% 22% 19% 44% 29% 32% 29% 31%
Compounded Sales Growth
10 Years:4%
5 Years:1%
3 Years:-0%
TTM:-28%
Compounded Profit Growth
10 Years:-3%
5 Years:-14%
3 Years:-14%
TTM:-35%
Stock Price CAGR
10 Years:-6%
5 Years:2%
3 Years:-16%
1 Year:106%
Return on Equity
10 Years:12%
5 Years:7%
3 Years:7%
Last Year:5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
64 64 64 64 64 64 64 64 64 64 64 64
Reserves 1,342 1,606 1,982 2,471 2,799 3,180 3,633 3,937 4,288 4,254 4,185 4,394
Borrowings 216 133 0 0 0 679 -0 -0 -0 -0 -0 -0
1,361 836 1,175 1,175 1,091 1,045 1,012 1,120 1,044 894 968 905
Total Liabilities 2,983 2,639 3,220 3,710 3,953 4,966 4,709 5,121 5,395 5,211 5,216 5,363
1,341 1,517 1,758 1,780 1,862 1,771 1,719 2,075 2,147 2,131 2,058 2,020
CWIP 10 19 6 24 12 958 31 21 11 1 4 5
Investments 133 133 133 183 260 121 644 657 782 429 264 320
1,499 970 1,324 1,723 1,818 2,117 2,314 2,368 2,456 2,651 2,890 3,018
Total Assets 2,983 2,639 3,220 3,710 3,953 4,966 4,709 5,121 5,395 5,211 5,216 5,363

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
559 389 562 220 287 101 204 452 241 142 -8
-190 -257 -287 -109 -190 -13 -67 -350 -138 23 92
-369 -193 -253 -111 -111 -111 -115 -115 -97 -134 -77
Net Cash Flow 1 -61 21 0 -15 -23 22 -13 6 31 8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 35% 38% 40% 23% 16% 8% 12% 11% 14% 6%
Debtor Days 17 7 10 9 15 21 30 28 20 29 34
Inventory Turnover 0.35 0.26 0.19 0.22 0.32 0.37 -0.09 0.16 0.11 0.18

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00
4.24 3.56 3.54 3.47 2.95 2.66 2.52 2.44 2.74 2.49 1.52 1.29
10.83 10.61 10.74 10.61 10.43 10.71 10.18 9.98 5.71 2.50 2.50 2.50
0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04
10.90 11.81 11.69 11.89 12.59 12.60 13.27 13.55 17.51 20.98 21.95 22.18

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