GMDC

  • Market Cap: Small Cap
  • Industry: Minerals & Mining
  • ISIN: INE131A01031
  • NSEID: GMDCLTD
  • BSEID: 532181
INR
513.85
-15.65 (-2.96%)
BSENSE

Dec 05

BSE+NSE Vol: 21.11 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

21.11 lacs (-43.38%) Volume

Shareholding (Sep 2025)

FII

3.32%

Held by 94 FIIs

DII

0.09%

Held by 6 DIIs

Promoter

74.00%

Is GMDC overvalued or undervalued?

09-Jun-2025

As of June 2, 2025, GMDC is considered very expensive and overvalued with a PE ratio of 18.59, significantly higher than peers like Coal India and NMDC, despite a strong recent stock performance.

As of 2 June 2025, the valuation grade for GMDC has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios include a PE ratio of 18.59, an EV to EBITDA of 19.25, and a Price to Book Value of 1.99, all of which suggest that GMDC is trading at a premium compared to its peers.<BR><BR>In comparison to its industry peers, GMDC's valuation stands out unfavorably; for instance, Coal India is rated very attractive with a PE ratio of 6.95, while NMDC is fairly valued at 9.74. Additionally, GMDC's PEG ratio of 1.26 further emphasizes its overvaluation relative to the market. Although GMDC has shown strong stock performance, with a 1-month return of 40.04% compared to the Sensex's 3.87%, this does not mitigate its current overvaluation status.

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When is the next results date for GMDC?

06-Jun-2025

No Upcoming Board Meetings

Who are in the management team of GMDC?

06-Jun-2025

As of March 2023, the GMDC management team includes Roopwant Singh (Managing Director), Joel Evans (Company Secretary), and several non-executive and independent directors, including Hasmukh Adhia (Chairman). The team consists of a mix of executive and non-executive roles for effective oversight.

As of March 2023, the management team of GMDC includes the following individuals:<BR><BR>1. Joel Evans - Company Secretary & Compliance Officer<BR>2. Nitin Shukla - Non-Executive & Independent Director<BR>3. S B Dangayach - Non-Executive & Independent Director<BR>4. Shaileash Gandhi - Non-Executive & Independent Director<BR>5. Gauri Kumar - Non-Executive & Independent Director<BR>6. Roopwant Singh - Managing Director<BR>7. Mona Mukesh Khandhar - Director<BR>8. Hasmukh Adhia - Chairman (Non-Executive)<BR>9. S J Haider - Director<BR>10. Arti Kanwar - Director<BR><BR>This team comprises a mix of executive and non-executive roles, with several independent directors contributing to the board's oversight.

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What is the bonus history of the GMDC?

06-Jun-2025

GMDC announced a 1:1 bonus issue on October 16, 2008, with a record date of October 17, 2008, allowing shareholders to receive one additional share for each share owned.

The Gujarat Mineral Development Corporation Ltd. (GMDC) has a bonus history that includes a notable 1:1 bonus issue announced on October 16, 2008. The record date for this bonus was October 17, 2008. This means that shareholders at that time received one additional share for every share they owned. If you have any more questions about GMDC or its financial activities, feel free to ask!

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Has GMDC declared dividend?

06-Jun-2025

Yes, Gujarat Mineral Development Corporation Ltd. has declared a dividend of 477%, amounting to ₹9.54 per share, with an ex-date of September 20, 2024. The company has shown strong total returns across various periods, with a total return of 1047.51% over the past 5 years.

Gujarat Mineral Development Corporation Ltd. has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 477%<BR>- Amount per share: 9.54<BR>- Ex-date: Sep-20-2024<BR><BR>Dividend Yield: 2.5%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 12.73%, with no dividend return, resulting in a total return of 12.73%.<BR><BR>Over the past year, the price return was 10.74%, with a dividend return of 2.45%, leading to a total return of 13.19%.<BR><BR>In the 2-year period, the price return was 142.05%, with a dividend return of 13.05%, culminating in a total return of 155.1%.<BR><BR>For the 3-year period, the price return was 174.27%, with a dividend return of 19.23%, resulting in a total return of 193.5%.<BR><BR>In the last 4 years, the price return was 449.83%, with a dividend return of 33.48%, giving a total return of 483.31%.<BR><BR>Over the past 5 years, the price return was 980.16%, with a dividend return of 67.35%, leading to a total return of 1047.51%.<BR><BR>Overall, GMDC has declared a substantial dividend, and the total returns across various periods indicate strong performance, particularly over the longer term, highlighting the company's growth and profitability.

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Who are the peers of the GMDC?

03-Jun-2025

GMDC's peers include NMDC, Gravita India, MOIL, and others, with varying management risks and growth rates. Gravita India leads in 1-year returns at 73.34%, while GMDC's return is -9.32%.

Peers: The peers of GMDC are NMDC, Gravita India, MOIL, Ashapura Minech., Orissa Minerals, 20 Microns, NILE, Goa Carbon, Asi Industries, and South. Magnesium.<BR><BR>Quality Snapshot: Excellent management risk is observed at NMDC and Gravita India, while Good management risk is found at MOIL and South. Magnesium. Average management risk is present at GMDC, 20 Microns, NILE, Goa Carbon, and Asi Industries, while Below Average management risk is noted at Ashapura Minech. and the rest. Growth is Excellent at Gravita India and Ashapura Minech., Good at GMDC and Asi Industries, Average at NMDC and 20 Microns, Below Average at MOIL, NILE, and Goa Carbon, and does not qualify for Orissa Minerals. Capital Structure is Excellent at NMDC, GMDC, and MOIL, Good at Gravita India, 20 Microns, and Goa Carbon, Below Average at Ashapura Minech., and does not qualify for Orissa Minerals.<BR><BR>Return Snapshot: Gravita India has the highest 1-year return at 73.34%, while MOIL has the lowest at -31.08%. GMDC's 1-year return of -9.32% is better than MOIL's but worse than Gravita India's. Additionally, several peers, including Orissa Minerals, Goa Carbon, and South. Magnesium, have negative six-month returns.

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What does GMDC do?

17-Jul-2025

Gujarat Mineral Development Corporation Limited (GMDC) is a mid-cap mining and mineral processing company established in 1963, with recent quarterly net sales of ₹7,863 Cr and net profit of ₹2,262 Cr. Key metrics include a P/E ratio of 18.00, a dividend yield of 2.50%, and a market cap of ₹12,055 Cr.

Overview: <BR>Gujarat Mineral Development Corporation Limited (GMDC) is a mining and mineral processing company in the minerals and mining industry, categorized as a mid-cap company.<BR><BR>History: <BR>GMDC was established by the Government of Gujarat in May 1963. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 7,863 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 2,262 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 12,055 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: 18.00 <BR>Industry P/E: 8 <BR>Dividend Yield: 2.50% <BR>Debt-Equity: -0.07 <BR>Return on Equity: 10.70% <BR>Price to Book: 1.89 <BR><BR>Contact Details: <BR>Address: Khanij Bhavan 132 Ft Ring Road, Nr University Ground Vastrapur Ahmedabad Gujarat : 380052 <BR>Tel: 91-079-27913200/3501/1662/1680/0665 <BR>Email: cosec@gmdcltd.com <BR>Website: http://www.gmdcltd.com

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Who are the top shareholders of the GMDC?

17-Jul-2025

The top shareholders of GMDC include the Governor of Gujarat with a 74% stake, along with 13 mutual fund schemes holding 0.13%, 87 foreign institutional investors (FIIs) with 2.25%, and individual investors who collectively own 18.73%. There are no pledged promoter holdings.

The top shareholders of GMDC are primarily the promoters, with the Governor of Gujarat holding the highest stake at 74%. There are no pledged promoter holdings, and the company has a diverse shareholder base that includes 13 mutual fund schemes holding 0.13% and 87 foreign institutional investors (FIIs) with a combined holding of 2.25%. Additionally, individual investors collectively hold 18.73% of the shares.

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How big is GMDC?

24-Jul-2025

As of 24th July, Gujarat Mineral Development Corporation Ltd. has a market capitalization of 14,588.00 Cr, with recent net sales of 2,850.84 Cr and a net profit of 685.79 Cr. Shareholder's funds are 6,116.00 Cr, and total assets are valued at 7,366.85 Cr.

As of 24th July, Gujarat Mineral Development Corporation Ltd. has a market capitalization of 14,588.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 2,850.84 Cr and a Net Profit of 685.79 Cr.<BR><BR>For the latest annual period ending March 2024, Shareholder's Funds amounted to 6,116.00 Cr, while Total Assets were valued at 7,366.85 Cr.

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Are GMDC latest results good or bad?

26-Jul-2025

GMDC's latest results show strong performance with a 24% increase in Profit Before Tax and a 39.9% rise in Profit After Tax for March 2025. However, the decline in key metrics in June 2025 raises concerns about short-term sustainability and investor confidence.

The latest results for Gujarat Mineral Development Corporation (GMDC) indicate a mixed performance. On one hand, the company reported a strong Profit Before Tax (PBT) of Rs 167.03 crore, which is a 24.0% increase compared to the previous four quarters. The Profit After Tax (PAT) also saw a significant rise of 39.9%, reaching Rs 226.22 crore, marking the highest figure in the last five quarters. Additionally, the Earnings per Share (EPS) improved to Rs 7.11, further reflecting enhanced profitability.<BR><BR>However, the more recent quarterly results for June 2025 show a decline in key metrics. Net sales decreased by 6.83%, and consolidated net profit fell by 27.61% compared to the previous quarter. This downward trend raises concerns about the company's short-term performance and sustainability, especially since a substantial portion of the PBT (41.41%) came from non-operating income, which may not be reliable in the long run.<BR><BR>In summary, while GMDC's overall performance in March 2025 was strong, the subsequent decline in June 2025 suggests challenges ahead that could impact investor confidence.

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How has been the historical performance of GMDC?

15-Nov-2025

GMDC's historical performance shows fluctuating net sales and profits, peaking at 3,497.88 Cr in March 2023 before declining to 2,850.84 Cr by March 2025, alongside a decrease in operating profit and profit after tax. Despite these challenges, total assets and cash flow from operations improved significantly during the same period.

Answer:<BR>The historical performance of GMDC shows a fluctuating trend in net sales and profit over the years, with a notable increase in recent periods.<BR><BR>Breakdown:<BR>GMDC's net sales have varied significantly, peaking at 3,497.88 Cr in March 2023, before declining to 2,850.84 Cr in March 2025. The total operating income followed a similar trend, reaching its highest at 3,497.88 Cr in March 2023 and then decreasing to 2,850.84 Cr in March 2025. Operating profit (PBDIT) also saw a decline from 1,730.38 Cr in March 2023 to 993.32 Cr in March 2025, reflecting a decrease in operating profit margin from 38.22% to 22.4%. Profit before tax mirrored this decline, falling from 1,646.70 Cr in March 2023 to 895.77 Cr in March 2025, while profit after tax decreased from 1,202.01 Cr to 686.91 Cr over the same period. The company's total assets increased from 6,951.18 Cr in March 2023 to 7,750.44 Cr in March 2025, indicating growth in the asset base, while total liabilities also rose from 6,951.18 Cr to 7,750.44 Cr. Cash flow from operating activities improved significantly to 1,059.00 Cr in March 2025, compared to 110.00 Cr in March 2024, although cash flow from investing activities remained negative at -808.00 Cr. Overall, GMDC's financial performance reflects both growth in asset and cash flow generation, alongside challenges in maintaining sales and profit levels.

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Should I buy, sell or hold GMDC?

16-Nov-2025

Is GMDC technically bullish or bearish?

17-Nov-2025

As of November 14, 2025, GMDC's trend is mildly bullish, supported by daily moving averages and Bollinger Bands, despite a mildly bearish weekly MACD, while long-term performance remains strong with positive returns over 1Y, 3Y, and 5Y periods.

As of 14 November 2025, the technical trend for GMDC has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by the daily moving averages indicating mild bullishness and the Bollinger Bands showing a mildly bullish trend on both weekly and monthly time frames. However, the weekly MACD is mildly bearish, which introduces some caution. The KST remains bullish on both weekly and monthly time frames, and the monthly Dow Theory is also bullish, reinforcing the overall positive outlook. Despite recent price declines, the long-term performance remains strong, with significant returns over 1Y, 3Y, and 5Y periods.

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Why is GMDC falling/rising?

04-Dec-2025

As of 04-Dec, Gujarat Mineral Development Corporation Ltd. (GMDC) is seeing a stock price increase to Rs 529.50, following a trend reversal after declines. Despite recent negative quarterly results, the stock has strong long-term growth and increased institutional investor participation.

As of 04-Dec, Gujarat Mineral Development Corporation Ltd. (GMDC) is experiencing a rise in its stock price, currently at Rs 529.50, reflecting an increase of Rs 8.3 or 1.59%. This upward movement follows a trend reversal after two consecutive days of decline. The stock has shown a strong performance today, outperforming its sector by 0.98% and reaching an intraday high of Rs 540.3, which is a 3.66% increase.<BR><BR>Despite a recent decline over the past week of 4.17% and a significant drop of 9.84% over the past month, GMDC has demonstrated impressive long-term growth, with a year-to-date increase of 64.49% and a remarkable 228.88% rise over the past three years. The company has also seen increasing participation from institutional investors, who have raised their stake by 1.04% in the last quarter, indicating confidence in the company's fundamentals.<BR><BR>However, it is important to note that GMDC's recent quarterly results showed negative trends, with net sales falling by 23.7% and profit after tax decreasing by 31.1% compared to the previous four-quarter average. This has led to concerns about the company's valuation, as it is trading at a premium compared to its peers. Despite these challenges, the stock's liquidity remains adequate, and the overall market performance has been favorable, contributing to the current rise in stock price.

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iScoreScore
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Strong Sell
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Strong Buy

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Dashboard
1

Negative results in Sep 25

  • NET SALES(Q) At Rs 527.58 cr has Fallen at -23.7% (vs previous 4Q average)
  • PAT(Q) At Rs 114.64 cr has Fallen at -31.1% (vs previous 4Q average)
  • ROCE(HY) Lowest at 12.08%
2

With ROE of 9.7, it has a Very Expensive valuation with a 2.4 Price to Book Value

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Minerals & Mining

stock-summary
Market cap

INR 16,598 Cr (Small Cap)

stock-summary
P/E

25.00

stock-summary
Industry P/E

9

stock-summary
Dividend Yield

1.91%

stock-summary
Debt Equity

-0.05

stock-summary
Return on Equity

9.70%

stock-summary
Price to Book

2.50

Revenue and Profits:
Net Sales:
528 Cr
(Quarterly Results - Sep 2025)
Net Profit:
466 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (1.91%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
1.02%
1.87%
2.89%
6 Months
34.5%
2.44%
36.94%
1 Year
43.75%
2.76%
46.51%
2 Years
20.58%
4.86%
25.44%
3 Years
220.56%
22.04%
242.6%
4 Years
658.45%
51.20%
709.65%
5 Years
960.58%
67.64%
1028.22%

Latest dividend: 10.1 per share ex-dividend date: Sep-18-2025

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News

Why is GMDC falling/rising?

Recent Price Movement and Market Context

GMDC’s stock has been under pressure for the past two days, registering a cumulative loss of 5.61%. The intraday low touched ₹520, reflecting a 3.75% drop from previous levels. This underperformance is further highlighted by the stock lagging its sector by 3.03% on the day. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure. Additionally, the stock’s current price remains above its 100-day and 200-day moving averages but below the shorter-term 5-day, 20-day, and 50-day averages, suggesting a recent weakening in momentum.

Investor participation has also waned, with delivery volumes on 02 Dec falling sharply by 70.84% compared to the five-day average. Des...

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Announcements stock-summary

Announcement under Regulation 30 (LODR)-Newspaper Publication

15-Nov-2025 | Source : BSE

Newspaper Advertisement For Quarterly Financial Results

Results For Quarter Ended On 30Th September 2025

14-Nov-2025 | Source : BSE

Results for quarter ended on 30th September 2025

Announcement under Regulation 30 (LODR)-Press Release / Media Release

14-Nov-2025 | Source : BSE

Press Release

Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

Gujarat Mineral Development Corporation Ltd. has declared 505% dividend, ex-date: 18 Sep 25

stock-summary
SPLITS

Gujarat Mineral Development Corporation Ltd. has announced 2:10 stock split, ex-date: 08 Nov 07

stock-summary
BONUS

Gujarat Mineral Development Corporation Ltd. has announced 1:1 bonus issue, ex-date: 16 Oct 08

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
17.69%
EBIT Growth (5y)
60.63%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.05
Sales to Capital Employed (avg)
0.48
Tax Ratio
23.87%
Dividend Payout Ratio
46.83%
Pledged Shares
0
Institutional Holding
4.08%
ROCE (avg)
10.68%
ROE (avg)
11.91%
Valuation key factors
Factor
Value
P/E Ratio
25
Industry P/E
9
Price to Book Value
2.43
EV to EBIT
37.46
EV to EBITDA
30.55
EV to Capital Employed
2.50
EV to Sales
5.93
PEG Ratio
4.25
Dividend Yield
1.97%
ROCE (Latest)
6.68%
ROE (Latest)
9.70%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
No Trend
OBV
Bullish
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 14 Schemes (0.14%)

FIIs

Held by 94 FIIs (3.32%)

Promoter with highest holding

H.e. Governor Of Gujarat (74.0%)

Highest Public shareholder

None

Individual Investors Holdings

17.12%

stock-summaryFinancial
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        "suffix": "YoY Growth in year ended Mar 2025 is 14.80% vs -50.40% in Mar 2024",
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          "val1": "2,850.84",
          "val2": "2,462.88",
          "chgp": "15.75%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "638.61",
          "val2": "609.41",
          "chgp": "4.79%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "2.18",
          "val2": "2.92",
          "chgp": "-25.34%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "685.79",
          "val2": "597.36",
          "chgp": "14.80%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "22.40%",
          "val2": "24.74%",
          "chgp": "-2.34%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQstock-summary
Sep'25
Jun'25
Change(%)
Net Sales
527.58
732.60
-27.99%
Operating Profit (PBDIT) excl Other Income
69.45
169.24
-58.96%
Interest
0.57
0.51
11.76%
Exceptional Items
474.43
0.00
Consolidate Net Profit
465.75
163.77
184.39%
Operating Profit Margin (Excl OI)
13.16%
23.10%
-9.94%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Sep 2025 is -27.99% vs -6.83% in Jun 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Sep 2025 is 184.39% vs -27.61% in Jun 2025

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary
Sep'25
Sep'24
Change(%)
Net Sales
1,260.18
1,411.14
-10.70%
Operating Profit (PBDIT) excl Other Income
238.69
352.76
-32.34%
Interest
1.08
1.39
-22.30%
Exceptional Items
474.43
0.00
Consolidate Net Profit
629.52
311.91
101.83%
Operating Profit Margin (Excl OI)
18.94%
25.00%
-6.06%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is -10.70% vs 22.89% in Sep 2024

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is 101.83% vs 6.35% in Sep 2024

Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
2,064.56
1,712.61
20.55%
Operating Profit (PBDIT) excl Other Income
445.05
420.86
5.75%
Interest
2.09
1.69
23.67%
Exceptional Items
0.00
0.00
Consolidate Net Profit
459.57
410.12
12.06%
Operating Profit Margin (Excl OI)
21.56%
24.57%
-3.01%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 20.55% vs -32.83% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is 12.06% vs -46.20% in Dec 2023

Annual Results Snapshot (Consolidated) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
2,850.84
2,462.88
15.75%
Operating Profit (PBDIT) excl Other Income
638.61
609.41
4.79%
Interest
2.18
2.92
-25.34%
Exceptional Items
0.00
0.00
Consolidate Net Profit
685.79
597.36
14.80%
Operating Profit Margin (Excl OI)
22.40%
24.74%
-2.34%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 15.75% vs -29.59% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 14.80% vs -50.40% in Mar 2024

stock-summaryCompany CV
About Gujarat Mineral Development Corporation Ltd. stock-summary
stock-summary
Gujarat Mineral Development Corporation Ltd.
Small Cap
Minerals & Mining
Gujarat Mineral Development Corporation Limited (GMDC), established by the Government of Gujarat, in May, 1963, is a mining and mineral processing company in India. The company is the largest merchant seller of Lignite in India. The company produces lignite, bauxite, calcined bauxite, fluorspar and manganese ore. They are also engaged in the generation of power. The company offers lignite for various industrial units, including textiles, chemicals, ceramics, bricks, and captive power.
Company Coordinates stock-summary
Company Details
Khanij Bhavan 132 Ft Ring Road, Nr University Ground Vastrapur Ahmedabad Gujarat : 380052
stock-summary
Tel: 91-079-27913200/3501/1662/1680/0665
stock-summary
cosec@gmdcltd.com
Registrar Details
MCS Ltd , 101 Shatdal Complex , 1st Floor, Opp. Bata Show Room, Ashram Road, Ahmedabad