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Gujarat Mineral Development Corporation Limited

Gujarat Mineral Development Corporation Limited

GMDCLTD.NS
Gujarat Mineral Development Corporation LimitedIN flagNational Stock Exchange of India
666.85
INR
-1.55
- -
212.06BMarket Cap
Gujarat Mineral Development Corporation Limited
GMDCLTD.NS
(National Stock Exchange of India)

Recent

price

666.85

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
44.7
51.28
52.68
40.56
45.26
32.99
48.32
64.49
59.11
47.83
42.22
85.91
110
77.45
89.65
83.43
83.41
Revenue per Share
11.79
15.31
18.89
13.81
15.75
6.89
10.22
10.9
6.91
4.61
-1.12
14.02
37.88
18.78
21.38
30.08
30.07
Basic EPS, GAAP
3.49
7.14
1.73
2.89
0.78
1.52
-0.22
1.08
2.23
-0.29
4.31
13.91
28.54
-11.59
13.25
-9.13
- -
Free Cash Flow per Basic Share
2.91
3.48
3.49
3.51
3.5
3.61
3.61
3.61
4.22
2.41
2
0.2
4.3
11.45
9.55
10.1
- -
Dividend per Share
6.1
6.92
9.72
12.16
20.04
23.16
29.87
37.54
40.47
38.58
36.6
51.1
84.93
92.61
104.67
2
2
Book Value per Share
52.34
64.19
79.63
89.96
111.23
112.08
119.78
126.73
124.51
117.74
117.11
140.94
171.57
172.01
177.84
174.43
174.4
Tangible Book Value per Share
318
318
318
318
318
318
318
318
318
318
318
318
318
318
318
318
318
Basic Weighted Avg Shares
14,213
16,308
16,751
12,897
14,393
10,489
15,367
20,509
18,797
15,209
13,426
27,321
34,979
24,629
28,508
26,534
26,534
Sales/Revenue/Turnover
39.67
40.08
48.29
38.67
27.02
15.46
19.36
21.21
24.66
2.38
-7.3
22.97
36.04
21.78
19.06
12.4
12.4
Operating Margin (%)
902
1,174
1,175
1,237
1,355
1,316
1,510
1,190
961
916
942
980
813
798
954
1,147
- -
Depreciation Expense
3,751
4,868
6,008
4,391
5,009
2,190
3,251
3,467
2,198
1,465
-358
4,459
12,044
5,974
6,798
9,567
9,567
Net Income, GAAP
35.84
32.17
33.51
30.25
21.36
30.02
27.22
22.24
43.41
28.75
- -
42.74
27
25.15
23.5
24.54
24.53
Effective Tax Rate (%)
26.39
29.85
35.87
34.05
34.8
20.88
21.15
16.9
11.7
9.63
-2.66
16.32
34.43
24.25
23.85
36.05
36.05
Profit Margin (%)
463
5,162
7,335
9,449
9,817
12,200
10,039
10,551
12,579
11,682
13,168
12,348
15,054
20,429
19,611
24,531
24,531
Working Capital
721
- -
- -
- -
- -
7,759
- -
- -
- -
3
6
3
21
26
1,200
2,863
2,863
LT Debt
16,698
20,457
25,350
28,623
36,346
36,884
40,006
43,511
43,173
40,960
40,668
48,216
57,852
60,997
64,117
70,727
70,727
Total Equity
20.77
22.37
22.97
12.7
9.33
2.77
5.04
8.06
6.05
0.61
- -
8.07
17.25
6.69
6.52
3.55
3.55
Return on Invested Capital (%)
39.1
173.47
227.04
126.2
97.94
19.85
25.8
32.46
17.79
11.76
- -
32.1
55.74
21.21
21.29
50.17
50.17
Return on Capital (%)
46.89
235.14
227.06
126.21
97.84
31.89
38.55
32.35
17.73
11.66
-2.99
31.98
55.69
21.16
21.67
56.41
56.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
250
- -
302
LT Borrowings
2,505
- -
2,791
LT Finance Leases
27
- -
72
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
318
- -
318
Market Capitalization
190,546
190,465
180,096

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
30,278
- -
32,331
Cash, Cash Equivalents & STI
21,242
- -
20,257
Accounts Receivable, Net
926
- -
717
Inventories
958
- -
961
Total Current Liabilities
5,846
- -
7,799
Payables & Accruals
- -
- -
- -
ST Debt
250
- -
302
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7%
11.88%
10.31%
Free Cash Flow
-247.94%
-39.24%
-168.88%
Net Income, GAAP
-131.18%
-234.49%
40.72%
Sales/Revenue/Turnover
15.16%
22.15%
-6.93%
Total Cash Common Dividend
207.24%
423.09%
5.76%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,656
3,827
5,643
7,503
24,629
2025
8,181
5,930
6,534
7,863
28,508
2026
7,326
5,276
5,792
8,140
26,534

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.88
2.35
3.67
- -
18.78
2025
5.79
4.02
4.64
7.11
21.38
2026
5.15
14.65
4.18
6.1
30.08

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
11.45
2025
- -
- -
- -
- -
9.55
2026
- -
- -
- -
- -
10.1
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Business
Gujarat Mineral Development Corporation Limited (GMDC) (ticker: GMDCLTD.NS) engages in the mining and marketing of industrial minerals in India. The company produces a range of minerals including lignite, bauxite, fluorspar, base metals, manganese ore, silica sand, limestone, bentonite, ball clay, rock phosphate and calcium fluoride; it operates through segments such as lignite, industrial minerals and power generation. GMDC markets its products to industries including steel, cement, glass, fertilizer and power, with primary operations concentrated in the state of Gujarat and select regions across India. Founded in 1963 and headquartered in Ahmedabad, Gujarat, the company functions as a state-owned enterprise promoted by the Government of Gujarat. In recent developments, GMDC has pursued strategic expansions including the commissioning of new mining blocks and capacity enhancements at its lignite projects; it reported robust production growth in fiscal 2025 with lignite output reaching record levels amid rising domestic demand for energy minerals. Additionally, the company entered partnerships for renewable energy integration and technology upgrades in mineral processing, alongside securing environmental clearances for brownfield expansions in its key bauxite and limestone operations within the last two years.