GMDC

Which are the latest news on GMDC?

Why is Gujarat Mineral Development Corporation Ltd. falling/rising?

As of 05-Sep, the stock price of Gujarat Mineral Development Corporation Ltd. is at 562.75, down 0.56%. The decline is due to flat quarterly results, low ROCE, high reliance on non-operating income, and concerns over premium valuation and low investor participation.

As of 05-Sep, the stock price of Gujarat Mineral Development Corporation Ltd. is currently at 562.75, reflecting a decrease of 3.15 points or 0.56%. This decline can be attributed to several factors highlighted in the source data. <BR><BR>Firstly, the company has reported flat results for the quarter ending June 26, with a return on capital employed (ROCE) at its lowest of 10.18%. Additionally, a significant portion of the profit before tax (PBT), specifically 33.45%, is derived from non-operating income, which raises concerns about the sustainability of its earnings. Furthermore, despite a year-on-year return of 23.67%, the company's profits have actually fallen by 14.8%, indicating underlying profitability issues.<BR><BR>Moreover, the stock is trading at a premium valuation, with a price-to-book value of 2.5, which is considered expensive compared to its peers. This valuation concern, coupled with a low return on equity (ROE) of 8, may deter investors. The falling investor participation is also notable, as evidenced by a 19.86% drop in delivery volume compared to the 5-day average, suggesting waning interest in the stock.<BR><BR>While the company is net-debt free and has shown healthy long-term growth with an operating profit growth rate of 46.63%, these positive factors are overshadowed by the recent performance metrics and valuation concerns. Additionally, the low stake of domestic mutual funds at only 1.74% may indicate a lack of confidence in the stock's current price, further contributing to its downward movement.

Who are in the management team of GMDC?

The management team of GMDC includes Roopwant Singh (Managing Director), Joel Evans (Company Secretary), Mona Mukesh Khandhar, S J Haider, and Arti Kanwar (Directors), along with Hasmukh Adhia (Chairman) and several Non-Executive and Independent Directors. They oversee the company's operations and strategic direction.

The management team of GMDC includes the following individuals:<BR><BR>1. **Roopwant Singh** - Managing Director<BR>2. **Joel Evans** - Company Secretary & Compliance Officer<BR>3. **Mona Mukesh Khandhar** - Director<BR>4. **S J Haider** - Director<BR>5. **ARTI KANWAR** - Director<BR>6. **Hasmukh Adhia** - Chairman (Non-Executive)<BR><BR>Additionally, there are several Non-Executive and Independent Directors:<BR>- **Nitin Shukla**<BR>- **S B Dangayach**<BR>- **SHAILESH GANDHI**<BR>- **Gauri Kumar**<BR><BR>This team is responsible for overseeing the operations and strategic direction of GMDC.

What does GMDC do?

Gujarat Mineral Development Corporation Ltd. (GMDC) is a small-cap mining and mineral processing company established in 1963 by the Government of Gujarat, with recent net sales of 907 Cr and a net profit of 163 Cr as of June 2026. It has a market cap of INR 17,773 Cr and key metrics include a P/E ratio of 32.00 and a dividend yield of 1.78%.

Overview: <BR>Gujarat Mineral Development Corporation Ltd. (GMDC) is a mining and mineral processing company in the minerals and mining industry, categorized as a small-cap entity.<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 June 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 907 Cr (Quarterly Results - Jun 2026) <BR>Most recent Net Profit: 163 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 17,773 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 32.00 <BR>Industry P/E: 10 <BR>Dividend Yield: 1.78% <BR>Debt Equity: -0.03 <BR>Return on Equity: 8.02% <BR>Price to Book: 2.56<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

Who are the peers of the GMDC?

GMDC's peers include Coal India, NMDC, Gravita India, Ashapura Minech., MOIL, Orissa Minerals, 20 Microns, NILE, and Goa Carbon. In terms of management risk, growth, and capital structure, GMDC is rated average, with a 1-year return of 39.27%, outperforming NMDC and MOIL.

Peers: The peers of GMDC are Coal India, NMDC, Gravita India, Ashapura Minech., MOIL, Orissa Minerals, 20 Microns, NILE, and Goa Carbon.<BR><BR>Quality Snapshot: Excellent management risk is observed at Coal India, NMDC, and Gravita India, while Average management risk is found at GMDC, Ashapura Minech., 20 Microns, NILE, and Goa Carbon, and the rest. Growth is rated as Excellent for Ashapura Minech., Good for GMDC and Gravita India, Average for Coal India, and the rest, while Below Average growth is noted for NMDC, MOIL, 20 Microns, NILE, and Goa Carbon. Capital Structure is rated Excellent for Coal India, NMDC, GMDC, and MOIL, Good for Gravita India and 20 Microns, and Below Average for Ashapura Minech., while Orissa Minerals does not qualify.<BR><BR>Return Snapshot: NMDC has the highest 1-year return at 25.75%, while MOIL has the lowest at -24.84%. GMDC's 1-year return of 39.27% is significantly higher than both. Additionally, peers such as MOIL, Ashapura Minech., and Goa Carbon have negative six-month returns.

How big is GMDC?

As of 31st August, Gujarat Mineral Development Corporation Ltd. has a market capitalization of ₹17,773.00 Cr, with recent net sales of ₹2,827.42 Cr and a net profit of ₹956.33 Cr.

As of 31st August, Gujarat Mineral Development Corporation Ltd. has a market capitalization of 17,773.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 2,827.42 Cr and a Net Profit of 956.33 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 6,411.74 Cr and Total Assets of 7,750.44 Cr.

Should I buy, sell or hold Gujarat Mineral Development Corporation Ltd.?

When is the next results date for Gujarat Mineral Development Corporation Ltd.?

The next results date for Gujarat Mineral Development Corporation Ltd. is 31 July 2026.

The next results date for Gujarat Mineral Development Corporation Ltd. is scheduled for 31 July 2026.

Are Gujarat Mineral Development Corporation Ltd. latest results good or bad?

Gujarat Mineral Development Corporation Ltd. reported strong revenue growth and improved net profit for Q4 FY26, but declining operating margins and heavy reliance on non-operating income raise concerns about long-term profitability. Overall, the results are mixed, indicating both positive and negative aspects.

Gujarat Mineral Development Corporation Ltd. (GMDC) has reported mixed results for Q4 FY26. On the positive side, the company achieved a significant increase in net sales, reaching ₹814.05 crore, which is a 40.56% growth compared to the previous quarter and a modest 3.53% increase year-on-year. Additionally, net profit rose to ₹194.09 crore, reflecting a 45.87% quarter-on-quarter improvement.<BR><BR>However, there are notable concerns regarding profitability. The operating margin, excluding other income, fell sharply to 12.80%, down from 24.62% in the same quarter last year, indicating significant operational challenges. This margin compression suggests that while revenue is growing, the company is struggling to maintain profitability from its core operations.<BR><BR>Furthermore, a substantial portion of the profit before tax—75.69%—came from non-operating income, raising questions about the sustainability of earnings derived from core mining activities. This heavy reliance on non-operating income could pose risks to future profitability.<BR><BR>In summary, while GMDC's latest results show strong revenue growth and improved net profit on a quarter-to-quarter basis, the significant decline in operating margins and reliance on non-operating income indicate underlying challenges that could impact the company's long-term performance.

Is GMDC technically bullish or bearish?

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.

How has been the historical performance of GMDC?

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.

Who are the top shareholders of the GMDC?

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.

Is GMDC overvalued or undervalued?

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.

What is the bonus history of the GMDC?

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!

Has GMDC declared dividend?

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.