Metals & Mining · NIFTY 500
Gujarat Mineral Development Corporation Limited
NSEGMDCLTD
BSE532181 ISININE131A01031 SeriesEQ Listed on NSE · BSE
₹498.00 +2.35 (+0.47%) Updated 12 Nov, 6:47 pm IST
Price, daily close-21.15% in a year
Today
- Open
- ₹495.65
- Prev close
- ₹495.65
- Day high
- ₹505.50
- Day low
- ₹487.70
- Volume
- 10.15 L
- Value traded
- ₹50.37 Cr
- Upper circuit
- ₹594.75
- Lower circuit
- ₹396.55
- 52W high
- ₹771.90
- 52W low
- ₹394.55
- 1 month
- +0.08%
- 6 months
- -30.08%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹15,836 Cr
P/E (TTM)23.95
P/B2.23
Book value / share₹223.10
EPS (TTM)₹20.79
ROE4.6%
Dividend yield1.91%
Dividend (12m)₹9.50 / share
Net margin (TTM)10.2%
Operating margin21.1%
Debt / equity0.05
Current ratio3.92
EV / EBITDA25.86
Sales growth (YoY qtr)+71.15%
Profit growth (YoY qtr)-100.00%
Sales CAGR 3Y-8.83%
Profit CAGR 3Y-7.68%
Shares31.80 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+33%+9.0%-28%+10%+20%-6.8%-28%+9.8%+41%+11%-0.4%
Revenue · YoY (vs a year ago)
————+16%+4.7%-10%-11%-11%+3.5%+24%+71%
Net profit · QoQ (vs last quarter)
—-100%—-47%+15%-100%—+184%-71%+46%-100%—
Net profit · YoY (vs a year ago)
————+26%—-33%+264%-9.9%—-100%-100%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————+26%+9.4%-11%+264%-9.9%-14%-0.2%-63%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 564 | 751 | 818 | 593 | 653 | 786 | 733 | 528 | 579 | 814 | 907 | 903 |
| Other income | 60.2 | 71.8 | 59.8 | 62.4 | 115 | 118 | 77.7 | 108 | 101 | 155 | 76.2 | 83.8 |
| Total income | 625 | 823 | 878 | 655 | 768 | 904 | 810 | 636 | 680 | 969 | 983 | 987 |
| Raw material | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Purchases | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Employee cost | 37.7 | 36.0 | 38.4 | 39.7 | 38.4 | 34.7 | 37.2 | 75.8 | 45.3 | 32.2 | 42.3 | 40.9 |
| Other expenses | 406 | 509 | 567 | 412 | 520 | 549 | 526 | 383 | 435 | 680 | 668 | 673 |
| Total expenses | 464 | 568 | 629 | 473 | 588 | 619 | 586 | 480 | 501 | 764 | 756 | 752 |
| Operating profit | 121 | 205 | 211 | 141 | 92.3 | 194 | 169 | 544 | 101 | 134 | 191 | 190 |
| OPM % | 21.5% | 27.4% | 25.8% | 23.8% | 14.1% | 24.6% | 23.1% | 103.1% | 17.4% | 16.5% | 21.1% | 21.1% |
| Finance cost | 0.6 | 1.2 | 0.7 | 0.7 | 0.7 | 0.1 | 0.5 | 0.6 | 0.7 | 5.4 | 6.6 | 6.6 |
| Depreciation | 19.9 | 21.0 | 21.4 | 20.9 | 26.4 | 26.6 | 22.0 | 21.8 | 22.2 | 48.8 | 33.3 | 32.8 |
| Exceptional items | — | — | — | — | — | — | — | 474 | — | 30.0 | — | — |
| Profit before tax | 161 | 255 | 249 | 182 | 180 | 285 | 224 | 630 | 179 | 235 | 227 | 235 |
| Tax | 43.5 | 50.3 | 65.0 | 53.4 | 31.6 | 58.9 | 60.6 | 164 | 46.4 | 40.6 | 64.2 | 63.4 |
| Net profit | 117 | 207 | 184 | 128 | 148 | 226 | 164 | 466 | 133 | 194 | 163 | 171 |
| Profit to shareholders | — | 0.0 | 243 | — | — | 0.0 | — | 466 | 133 | 194 | 0.0 | 0.0 |
| EPS (₹) | 3.67 | 6.51 | 5.79 | 4.02 | 4.64 | 7.12 | 5.15 | 14.65 | 4.18 | 6.10 | 5.14 | 5.37 |
Profit & loss
Results for each year
7 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY19
FY20
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—-19%—+28%-30%+16%-6.9%
Net profit · YoY (vs a year ago)
————-100%——
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY19 | FY20 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,880 | 1,521 | 2,732 | 3,501 | 2,463 | 2,851 | 2,653 |
| Other income | 145 | 171 | 157 | 394 | 270 | 355 | 424 |
| Total expenses | 1,422 | 1,431 | 2,154 | 2,237 | 1,918 | 2,310 | 2,331 |
| Employee cost | 122 | 144 | 133 | 158 | 148 | 151 | 190 |
| Operating profit | 342 | 183 | 679 | 1,348 | 626 | 639 | 966 |
| OPM % | 18.2% | 12.0% | 24.8% | 38.5% | 25.4% | 22.4% | 36.4% |
| Finance cost | 1.8 | 1.9 | 2.1 | 2.3 | 2.9 | 2.2 | 7.1 |
| Depreciation | 96.1 | 91.6 | 98.0 | 81.2 | 78.7 | 95.4 | 115 |
| Profit before tax | 388 | 260 | 735 | 1,658 | 815 | 896 | 1,268 |
| Tax | 169 | 58.3 | 332 | 445 | 201 | 209 | 311 |
| Tax rate % | 43.4% | 22.4% | 45.1% | 26.8% | 24.6% | 23.3% | 24.5% |
| Net profit | 220 | 204 | 405 | 1,216 | 617 | 686 | 957 |
| Profit to shareholders | 0.0 | 0.0 | 0.0 | — | 0.0 | 0.0 | 957 |
| Net margin % | 0.0% | 0.0% | 0.0% | 34.7% | 0.0% | 0.0% | 36.1% |
| EPS (₹) | 4.36 | 6.42 | 12.74 | 38.23 | 19.41 | 21.57 | 30.08 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+5.5%+4.8%+10%—
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 5,798 | 6,116 | 6,412 | 7,073 | 7,095 |
| Long-term borrowings | 0.0 | 0.0 | 117 | 279 | 298 |
| Short-term borrowings | 0.0 | 0.0 | 6.2 | 29.5 | 35.8 |
| Total borrowings | — | — | 123 | 309 | 334 |
| Current liabilities | 494 | 551 | 528 | 780 | 796 |
| Fixed assets (PPE) | 1,051 | 1,023 | 1,000 | 1,480 | 1,448 |
| Inventories | 107 | 106 | 91.3 | 96.1 | 95.3 |
| Trade receivables | 189 | 101 | 85.0 | 71.7 | 108 |
| Cash & equivalents | 51.1 | 33.2 | 119 | 94.3 | 228 |
| Current assets | 2,019 | 2,607 | 2,488 | 3,232 | 3,120 |
| Total assets | 6,921 | 7,367 | 7,750 | 8,983 | 9,110 |
| Debt / equity | — | — | 0.02 | 0.04 | 0.05 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—+532%-88%+875%-30%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -215 | 932 | 109 | 1,059 | 744 |
| Cash from investing | 22.8 | -786 | 238 | -808 | -613 |
| Cash from financing | -6.6 | -137 | -365 | -183 | -154 |
| Spent on fixed assets | -40.8 | -23.9 | -477 | -644 | -1,034 |
| Free cash flow | -256 | 908 | -368 | 415 | -290 |
| Net cash flow | -199 | 8.4 | -17.8 | 68.1 | -23.1 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
74.0%promoter
- Promoter & group
- 74.00%
- Public (FIIs, mutual funds, retail…)
- 26.00%
- Promoter change, last quarter
- 0.00 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 9.50 Per Share
- Dividend - Rs 10.10 Per Share
- Dividend - Rs 9.55 Per Share
- Annual General Meeting/Dividend - Rs 11.45 Per Share
- Annual General Meeting/Dividend - Rs 4.30 Per Share
- Annual General Meeting/Dividend - Rs 0.20 Per Share
- Annual General Meeting/Dividend - Rs 2 Per Share
- Annual General Meeting/Dividend - Rs 2 Per Share
Board meetings
- GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED has informed the Exchange about Board Meeting to be held on 30-Oct-2026 to inter-alia consider and ap…
- the financial results for the period ended September 30, 2026
- GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED has informed the Exchange about Board Meeting to be held on 31-Jul-2026 to inter-alia consider and ap…
- the financial results for the period ended Jun 30, 2026
- the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend.
Filings with NSE
- Copy of Newspaper Publication
- Outcome of Board Meeting
- Appointment
- Press Release
- Updates
- Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Shareholders meeting
Latest news
Gujarat Mineral Development Corporation Ltd Q2 ResultsLivemint · 6 Nov, 1:30 pmState-PSU Gujarat Mineral Development Corporation reports flat profit at ₹163 cr for Q1FY27BusinessLine · 8 Aug, 12:30 pmGujarat Mineral Development Corporation consolidated net profit declines 0.21% in the June 2026 quarterBusiness Standard · 31 Jul, 12:30 pmGujarat Mineral Development (NSEI:GMDCLTD) Stock Forecast & Analyst PredictionsSimply Wall St · 30 Oct, 12:30 pmGujarat Mineral Development Corporation (GMDCLTD) Share Price Falls 5.1% as Mining Stock Trades at Rs 481.85Univest · 1 Oct, 12:30 pmGujarat Mineral Development Corporation Ltd. Surges 9.0% ...MarketsMojo · 4 Nov, 11:19 amGujarat Mineral Development Corporation Ltd. Share Price Live TodayCNBC TV18 · 3 Jan, 9:24 pmWhy GMDC Share Price is RisingEquitymaster · 27 Nov, 1:30 pmAbout
About Gujarat Mineral Development Corporation Limited
Gujarat Mineral Development Corporation Limited (GMDC) is a major Indian state-owned minerals and lignite mining company based in Ahmedabad. GMDC was founded in 1963.
From Wikipedia (CC BY-SA 4.0).
Company details
- Company name
- Gujarat Mineral Development Corporation Limited
- NSE symbol
- GMDCLTD
- BSE scrip code
- 532181
- ISIN
- INE131A01031
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 17 Dec 1997
- Face value
- ₹2 per share
- Market lot
- 1 share
- Shares issued
- 31.80 crore
- Index
- NIFTY 500
- Sector (NSE)
- Metals & Mining
- Industry
- Wholesale Distributors
- Managing director / CEO
- Ajay Bhadoo IAS
- Chair
- Hasmukh Adhia IAS Retd
- Headquarters
- Ahmedabad, IN
- Registered address
- Khanij Bhavan, 132 Feet Ring Road, Near University Ground, Vastrapur, Ahmedabad 380052, Gujarat, India
- Founded
- 1963
- Employees
- 1,864
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- gmdcltd.com
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.