GMDC
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GMDC share price

Gujarat Mineral Development Corporation Ltd.

NSE: GMDCLTD BSE: 532181 SECTOR: Mining & Minerals  2.06 L   617   91

548.30
+0.80 (0.15%)
BSE: 17 Sep 04:01 PM

Price Summary

Today's High

₹ 559.9

Today's Low

₹ 544.45

52 Week High

₹ 580.8

52 Week Low

₹ 226.2

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 17435.94 Cr.

Enterprise Value

₹ 16977.61 Cr.

No. of Shares

31.8 Cr.

P/E

26.12

P/B

2.67

Face Value

₹ 2

Div. Yield

1.84 %

Book Value (TTM)

₹  205.58

CASH

₹ 581.12 Cr.

DEBT

₹ 122.79 Cr.

Promoter Holding

74 %

EPS (TTM)

₹  20.99

Sales Growth

15.75%

ROE

11.07 %

ROCE

14.32%

Profit Growth

15.47 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Gujarat Mineral Development Corporation Ltd.

iceam icreate

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year15.75%
3 Year1.43%
5 Year14.49%

Profit Growth

1 Year15.47%
3 Year15.61%
5 Year36.51%

ROE%

1 Year11.07%
3 Year14.66%
5 Year10.63%

ROCE %

1 Year14.32%
3 Year19.72%
5 Year13.68%

Debt/Equity

0.0193

Price to Cash Flow

16.42

Interest Cover Ratio

412.3394

CFO/PAT (5 Yr. Avg.)

0.947342538838902

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2025 74.00 0.00
Mar 2025 74.00 0.00
Dec 2024 74.00 0.00
Sep 2024 74.00 0.00
Jun 2024 74.00 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 15.6054001965904% for the Past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 412.3394.
  • The Company has been maintaining an effective average operating margins of 22.3042569997858% in the last 5 years.
  • The company has an efficient Cash Conversion Cycle of -7271.2637 days.
  • Company has a healthy liquidity position with current ratio of 4.6708.
  • The company has a high promoter holding of 74%.

 Limitations

  • The company has shown a poor revenue growth of 1.42844812429288% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
Net Sales 818.13 593.01 653.41 786.29 732.6
Total Expenditure 606.18 451.09 560.51 592.35 562.7
Operating Profit 211.95 141.92 92.9 193.94 169.9
Other Income 59.72 62.23 114.58 117.03 77.29
Interest 0.69 0.7 0.7 0.09 0.5
Depreciation 21.39 20.92 26.43 26.63 22
Exceptional Items 0 0 0 0 0
Profit Before Tax 249.59 182.53 180.35 284.25 224.69
Tax 65.02 53.35 31.63 58.86 60.56
Profit After Tax 184.57 129.18 148.72 225.39 164.13
Adjusted EPS (Rs) 5.8 4.06 4.68 7.09 5.16

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 1328.98 2732.08 3497.88 2462.88 2850.84
Total Expenditure 1331.97 2009.03 2160.72 1852.69 2210.13
Operating Profit -2.99 723.05 1337.16 610.19 640.71
Other Income 151.29 155.18 392.4 268.98 353.56
Interest 1.96 3.3 2.38 2.93 2.18
Depreciation 94.21 97.98 81.3 79.78 95.37
Exceptional Items -396.59 0 0 0 0
Profit Before Tax -344.47 776.95 1645.88 796.46 896.72
Tax -307.58 331.74 444.69 200.76 208.86
Net Profit -36.89 445.21 1201.19 595.7 687.86
Adjusted EPS (Rs.) -1.16 14 37.77 18.73 21.63

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 63.6 63.6 63.6 63.6 63.6
Total Reserves 3968.99 4722.38 5682.7 5995.51 6309.83
Borrowings 0 0 0 0 116.58
Other N/C liabilities 496.25 637.68 638.67 699.97 694.34
Current liabilities 349.4 421.84 527.13 567.06 527.51
Total Liabilities 4878.24 5845.5 6912.1 7326.14 7711.86
Assets
Net Block 1493.52 1420.26 1365.55 1463.04 1515.92
Capital WIP 5.62 11.6 14.82 105.43 503.11
Intangible WIP 0.08 11.33 13.67 186.64 237.67
Investments 291.98 587.06 479.74 553.07 472.58
Loans & Advances 643.14 1301.56 2122.78 1424.82 1462.18
Other N/C Assets 802.23 880.8 907.07 1008.78 1056.5
Current Assets 1641.67 1632.89 2008.48 2584.36 2463.9
Total Assets 4878.24 5845.5 6912.1 7326.14 7711.86
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations -344.47 776.95 1645.88 796.46 896.72
Adjustment 432.79 11.95 -250.72 -101.83 -149.93
Changes in Assets & Liabilities -67.5 -83.34 -13.65 -349.8 118.2
Tax Paid 128.64 -222.27 -446.52 -233.83 196.98
Operating Cash Flow 149.46 483.3 934.99 111 1061.97
Investing Cash Flow 85.43 -675.37 -789.34 253.08 -811.98
Financing Cash Flow -63.09 -6.68 -137.27 -364.55 -183.14
Net Cash Flow 171.81 -198.75 8.39 -0.47 66.85

Corporate Actions

Investors Details

PARTICULARS Jun 2024% Sep 2024% Dec 2024% Mar 2025% Jun 2025%
promoters 74.00 74.00 74.00 74.00 74.00
h.e.governor of gujarat - - - - 74.00
h e the governor of gujar... - 74.00 74.00 74.00 -
h.e. the governor of guja... 74.00 - - - -
PARTICULARS Mar 2024% Sep 2024% Dec 2024% Mar 2025% Jun 2025%
investors 26.00 26.00 26.00 26.00 26.00
investor education and pr... 0.05 - 0.05 - 0.05
investor education and pr... - 0.05 - 0.05 -

Annual Reports

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Annual Report 2024
Annual Report 2023
Annual Report 2022
Annual Report 2021
Annual Report 2020
Annual Report 2019
Annual Report 2018
Annual Report 2017

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Company News

GMDC Stock Price Analysis and Quick Research Report. Is GMDC an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse GMDC. 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). GMDC has a PE ratio of 26.0957399669336 which is high and comparatively overvalued.

  • Return on Assets (ROA): Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. GMDC has ROA of 9.1483% which is a bad sign for future performance. (Higher values are always desirable.)

  • Current ratio: The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. GMDC has a Current ratio of 4.6708.

  • Return on equity: ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. GMDC has a ROE of 11.0655%. (Higher is better)

  • Debt to equity ratio: It is a good metric to check out the capital structure along with its performance. GMDC has a Debt to Equity ratio of 0.0193 which means that the company has low proportion of debt in its capital.

  • Sales growth: GMDC has reported revenue growth of 15.7523% which is fair in relation to its growth and performance. 

  • Operating Margin: This will tell you about the operational efficiency of the company. The operating margin of GMDC for the current financial year is 22.4744285894684%.

  • Dividend Yield: It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for GMDC is Rs 10.1 and the yield is 1.8505%.

  • Earnings Per Share: It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of GMDC is Rs 20.9881. The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of GMDC in Ticker for free. Also, one can get the intrinsic value of GMDC by using Valuation Calculators, which are available with a Finology ONE subscription. 

GMDC FAQs

Q1. What is GMDC share price today?
Ans: The current share price of GMDC is Rs 547.7.

Q2. What is the market capitalisation of GMDC?
Ans: GMDC has a market capitalisation of Rs 17416.86 Cr., calculated based on its latest share price.

Q3. What are the P/E and P/B ratios of GMDC?
Ans: The PE ratio of GMDC is 26.0957399669336 and the P/B ratio of GMDC is 2.66412301370343, showing how the stock is valued against its earnings and book value.

Q4. What is the 52-week high and low of GMDC share?
Ans: The 52-week high share price of GMDC is Rs 581, and the 52-week low share price of GMDC is Rs 226.59.

Q5. Does GMDC pay dividends?
Ans: Currently, GMDC pays dividends. Dividend yield of GMDC is around 1.8505%.

Q6. What are the face value and book value of GMDC shares?
Ans: The face value of GMDC shares is Rs 2, while the book value per share of GMDC is around Rs 205.5836. Face value is the nominal value set by the company, whereas book value reflects its accounting worth.

Q7. What is the debt of GMDC?
Ans: GMDC has a total debt of Rs 122.79 Cr., which affects investor sentiment and financial stability. 

Q8. What are the ROE and ROCE of GMDC?
Ans: The ROE of GMDC is 11.0655% and ROCE of GMDC is 14.319%. ROE shows how efficiently the company is generating profit from shareholders’ equity, while the ROCE is reflects how efficiently the company uses its capital to generate returns.

Q9. Is GMDC a good buy for the long term?
Ans: The GMDC long-term outlook depends on debt levels, earnings growth, and sector trends. If it sustains profits and manages debt well, it may be considered for long-term investment.

Q10. Is GMDC undervalued or overvalued?
Ans: Based on valuation ratios like P/E, P/B, and EV/EBITDA, one can analyse whether the GMDC appears undervalued or overvalued at current levels. You can check detailed valuation metrics and peer comparisons on Finology Ticker.

Q11. How to check GMDC’s financials?
Ans: You can review GMDC’s financial statements - including balance sheet, income statement, and quarterly results - on Finology Ticker.

Last Updated on:
Brief about GMDC

GMDC Share Price, Business Overview & Latest News

The GMDC share price has been on a remarkable rally, surging over 35% in September 2025 to hit a new 52-week high of Rs 547. As of September 9, 2025, the stock was trading around Rs 523, showcasing strong investor confidence driven by the company's strategic push into rare earth elements and solid market momentum.

About Gujarat Mineral Development Corporation Ltd. (GMDC)

Gujarat Mineral Development Corporation (GMDC) is a state-owned enterprise established in 1963 to develop Gujarat's mineral resources. As India's second-largest lignite producer, GMDC is a key supplier to high-growth industries like textiles, chemicals, ceramics, and captive power plants. Beyond its core business of lignite mining, GMDC has diversified its portfolio to include:

  • Other Minerals: Mining of bauxite, fluorspar, and other industrial minerals.

  • Power Generation: Operating in the power sector with assets in thermal, wind, and solar energy.

  • Rare Earth Elements (REE): A strategic focus on developing rare earth mineral deposits, positioning the company at the forefront of India's critical minerals strategy.

GMDC Share Price Performance

  • Current Share Price (Sep 9, 2025): Rs 523.55

  • Market Capitalization: Approximately Rs 17,140 Crore

  • 52-Week High / Low: Rs 547.00 / Rs 226.59

  • Recent Performance: The stock has delivered exceptional returns, gaining over 107% in the last six months and more than 1,100% over the past five years, achieving "multibagger" status.

Latest News: Why the GMDC Share Price is Rallying

The primary driver behind the recent surge in the GMDC share price is the company's ambitious plan for mining Rare Earth Elements (REE).

  • Strategic Push into Rare Earths: GMDC is actively developing rare earth deposits in Gujarat's Chhota Udaipur district. This move aligns with the Indian government's goal of achieving self-reliance in critical minerals, which are essential for manufacturing electric vehicles (EVs), renewable energy equipment, and high-tech electronics.

  • Strong Investor Sentiment: The market has reacted positively to GMDC's strategic shift, viewing it as a long-term growth catalyst. This has led to high trading volumes and a sharp increase in the stock price, with gains of nearly 19% in just two sessions in early September.

  • Profit Booking and Volatility: Following the sharp rally, the stock experienced some profit booking, with the price correcting from its 52-week high. However, it remains significantly up for the month, indicating sustained investor interest.

Despite a recent dip in quarterly earnings, with a net profit of Rs 164 crore (down 11% YoY) and revenue of Rs 810 crore (down 8% YoY), the company's strong, debt-free balance sheet and promising future in rare earth mining have kept investor confidence high.

What You Can Find on This Company Page

This page is your comprehensive resource for all information related to GMDC Ltd. Here’s what you can access:

  • Live GMDC Share Price and Charts: Track real-time price movements and analyse historical performance.

  • In-Depth Financial Analysis: Access detailed financial statements, including Profit & Loss, Balance Sheet, and Cash Flow data.

  • Key Ratios and Valuations: Review essential metrics like P/E ratio, P/B ratio, and dividend yield for a thorough valuation.

  • Shareholding Pattern: Get a clear picture of the company's ownership structure.

  • Latest News and Updates: Stay informed about the latest company announcements, developments in the rare earth mining project, and other market-moving news.

  • Corporate Actions: Keep track of important events such as dividends, AGMs, and bonus issues.

Frequently Asked Questions (FAQs) about GMDC Share Price

Q1: What is the current share price of GMDC?
As of September 9, 2025, the GMDC share price is around Rs 523.

Q2: What is the main reason for the recent rally in GMDC's stock?
The rally is primarily driven by the company's strategic move into mining Rare Earth Elements (REE), which are critical for high-growth sectors like EVs and renewable energy.

Q3: What is GMDC's core business?
GMDC is India's second-largest producer of lignite and has diversified into other minerals and power generation. Its new focus is on rare earth mining.

Q4: How has the stock performed in the long term?
GMDC has been a "multibagger" stock, delivering returns of over 1,100% in the last five years.

Q5: Where can I find the latest news and financial data for GMDC?
This page provides real-time updates on the GMDC share price, financial data, latest news, and corporate actions to help you stay informed.

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