Gujarat Mineral Development Corporation Ltd (GMDCLTD)
₹411.65
Mkt cap
₹13,090 Cr
P/E ratio
21.00
P/B
1.85
Div yield
2.31%
ROE
4.22%
ROCE
10.80%
EPS (TTM)
₹19.60
Book value
₹223
52W range
406–772
Sector
Commodities
Price history
Previous close
Gujarat Mineral Development Corporation Ltd is a Government of Gujarat enterprise engaged primarily in mining and marketing lignite and other industrial minerals, alongside a 250 MW lignite-based thermal plant, 200.9 MW of wind farms and a 5 MW solar plant. Its Odisha coal mines and new lignite, limestone, rare-earth and copper projects remain under development rather than commercial operation. [1] [2] [3]
NSE GMDCLTDBSE 532181
Health check
Cautious
ValuationExpensive
ProfitabilityWeak
GrowthModerate
TechnicalsBearish
52-week range
−46.67% from high₹412
₹406+1.39% from low₹772
Current
₹411.65
Prev close
₹438.75
Day
−6.18%
Price performance
1D
−7.01%
1W
−3.91%
1M
−20.50%
3M
−27.10%
6M
−44.87%
1Y
−29.81%
YTD
−33.55%
Financials
Revenue, profit & margin
P/E ratio
21.0×
GMDCLTD is 46% above the sector median of 14.3×
GMDCLTD21.0×
Sector median14.3×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 383 | 564 | 750 | 818 | 593 | 653 | 786 | 733 | 528 | 579 | 814 | 907 | 903 | |
| Expenses | 332 | 444 | 562 | 607 | 453 | 562 | 593 | 563 | 458 | 478 | 710 | 716 | 713 | |
| Operating Profit | 51 | 121 | 189 | 211 | 140 | 92 | 194 | 169 | 69 | 101 | 104 | 191 | 190 | |
| OPM % | 13% | 21% | 25% | 26% | 24% | 14% | 25% | 23% | 13% | 17% | 13% | 21% | 21% | |
| Other Income | 77 | 60 | 72 | 60 | 62 | 114 | 118 | 78 | 583 | 101 | 185 | 77 | 84 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 5 | 7 | 7 | |
| Depreciation | 18 | 20 | 22 | 21 | 21 | 26 | 27 | 22 | 22 | 22 | 49 | 33 | 33 | |
| Profit before tax | 109 | 160 | 238 | 249 | 181 | 179 | 285 | 224 | 629 | 179 | 235 | 228 | 234 | |
| Tax % | 32% | 27% | 21% | 26% | 29% | 18% | 21% | 27% | 26% | 26% | 17% | 28% | 27% | |
| Net Profit | 75 | 117 | 187 | 184 | 128 | 148 | 226 | 164 | 466 | 133 | 194 | 163 | 171 | |
| EPS in Rs | 2.35 | 3.67 | 5.89 | 5.79 | 4.02 | 4.64 | 7.11 | 5.15 | 14.65 | 4.18 | 6.10 | 5.14 | 5.37 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.57% · closed higher next day 21 of last 58
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 9 Feb '24◦ | 27 May '24◦ | 27 Jul '24◦ | 29 Oct '24 | 31 Jan '25◦ | 15 May '25◦ | 25 Jul '25◦ | 14 Nov '25 | 13 Feb '26◦ | 14 May '26◦ | 31 Jul '26 | 30 Oct '26 |
| Earnings day | −12.87% | −3.35% | −1.58% | +3.08% | −0.42% | +7.47% | −5.74% | −3.62% | −1.28% | −1.64% | +0.82% | — |
| +1 day | −7.25% | −2.93% | −0.66% | +3.22% | −4.89% | +8.06% | −5.36% | −4.32% | −5.10% | −4.63% | +0.24% | — |
| +5 days | −5.01% | −13.58% | −7.33% | +5.10% | −4.24% | +7.40% | −5.95% | −16.98% | −1.21% | −1.81% | +4.14% | — |
| +15 days | −7.64% | −1.43% | −8.56% | −7.67% | −17.11% | +21.55% | −1.54% | −12.65% | −4.13% | −8.12% | +1.85% | — |
| +30 days | −19.21% | +4.98% | −7.43% | +0.63% | −21.78% | +24.79% | +20.25% | +1.42% | +1.97% | −11.99% | +2.81% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202674.00%Promoter
Promoters74.00%
FIIs3.72%0.06
DIIs0.59%0.22
Public21.68%0.15
Government0.00%
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Lloyds Metals | ₹1,825.30 | 21.56 | 1,02,773 | 0.05% | 1,734 | +169.11% | 7,354 | +208.55% | 27.29% |
| NMDC | ₹67.34 | 7.94 | 59,204 | 5.20% | 1,976 | +0.44% | 6,795 | +0.84% | 27.58% |
| G M D C | ₹411.65 | 20.96 | 13,090 | 2.31% | 171 | +46.53% | 903 | +71.15% | 10.78% |
| Gravita India | ₹1,387.90 | 25.74 | 10,244 | 0.55% | 102 | +6.27% | 1,427 | +37.84% | 16.21% |
| MOIL | ₹214.02 | 14.34 | 4,355 | 2.49% | 88 | +70.10% | 371 | +6.56% | 12.44% |
| Ashapura Minech. | ₹408.65 | 9.50 | 3,904 | 0.49% | 108 | +4.99% | 1,616 | +19.22% | 20.88% |
| Orissa Minerals | ₹3,160.00 | 571.08 | 1,896 | 0.00% | 3 | +223.66% | 29 | +47.91% | 9.64% |
| Median: 12 Co. | ₹410.15 | 14.34 | 2,900 | 0.52% | 55 | +31.88% | 344 | +17.36% | 15.18% |
Filings
Annual reports15
Concall transcripts12
Credit ratings6
Announcements5
Unaudited Financial Results For Quarter Ended On 30Th September 2026 30 OctAnnouncement under Regulation 30 (LODR)-Change in Directorate 22 Oct - Prof. Amit Karna appointed Additional Independent Director21 Oct 2026 for five years.Announcement under Regulation 30 (LODR)-Press Release / Media Release 21 Oct - GMDC presents ₹223.55 crore dividend to Gujarat; FY26 total payout ₹302.10 crore.Intimation Of ESG Rating 19 Oct - GMDC received CRISIL ESG score 58, categorized as Adequate, based on public information.Board Meeting Intimation for Unaudited Quarterly Financial Results (Standalone And Consolidated) For Quarter / Half Year Ended On 30Th September, 2026 14 Oct - Board to consider Q2 FY2026-27 unaudited results on 30 October 2026; trading window closed till 2 November.