GMDCLTDMetals & Mining

Gujarat Mineral Development Corporation Limited

Industrial Minerals · ISIN INE131A01031 · BSE 532181 · NSE EQ · FV ₹2
Last price
₹549
+1.07%today
What this company does

Gujarat Mineral Development Corporation Limited operates in Industrial Minerals, part of the Metals & Mining sector. It booked ₹907 cr of revenue in its latest quarter (Q1 FY27) and kept 18.0% of sales as profit. It is the 3rd largest of 9 Industrial Minerals companies we track, by market value.

In the report:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 12–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns36

How much profit it earns on the money it employs

Balance sheet88

How much it owes, and whether earnings cover the interest

Cash quality38

Whether reported profit actually arrives as cash

Growth & consistency25

Whether sales and profit have grown, and how steadily

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 18% net margin
Sales up 24% vs last year
Promoters hold 74%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in GMDCLTD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹549 +1.07%
latest close · 2026-09-17
1-year return
+773.7%
52-wk low ₹6252-wk high ₹617
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio26.7Average
LowAverageHigh
P/B ratio2.47Moderate
Below bookModerateHigh
EV / EBITDA16.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.2%Fair
WeakFairStrong ▸15%
Return on capital11.4%Fair
WeakFairStrong
Net margin18.0%Strong
ThinDecentStrong
EBITDA margin29.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.04Comfortable
LowModerateHigh ▸1
Interest cover35.4×Strong
RiskyOkayStrong ▸5×
Current ratio4.14Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹17,463 cr
Book value
₹222
EPS
₹5.14
latest quarter
Net debt
₹214 cr
owes more than its cash
Enterprise value
₹17,677 cr
EBITDA
₹1,069 cr
annualised
EBIT
₹935 cr
annualised
Operating margin
25.8%
Return on assets
7.3%
Earnings yield
3.74%
P/S
4.82
Sales / share
₹114.0
Tax rate
28.3%
Face value
₹2
Shares
31.8 cr
Working capital
₹2,452 cr
Current assets
₹3,232 cr
Current liabilities
₹780 cr
Delivery %
36.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹233 vs market price ₹549 — price is 135% above it
Safety cushion-135.3%(target ≥ +20%)
Models span ₹207₹260, midpoint ₹233
Model ₹233
Price ₹549
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹907 cr
Other Income₹76 cr
Total Income₹983 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹6 cr
Employee Benefit Expense₹42 cr
Finance Costs₹7 cr
Depreciation & Amortisation₹33 cr
Other Expenses₹668 cr
Total Expenses₹756 cr
Profit before Tax₹227 cr
Tax Expense₹64 cr
Share of JV / Associates₹42 L
Net Profit₹163 cr
Net margin on total income16.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹6 cr0.6%
Employee benefit expense₹42 cr4.3%
Finance costs₹7 cr0.7%
Depreciation & amortisation₹33 cr3.4%
Other expenses₹668 cr67.9%
Tax expense₹64 cr6.5%
Profit for the period₹163 cr16.6%
Total income ₹983 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue579 cr814 cr907 cr
Total income680 cr969 cr983 cr
Expenses501 cr764 cr756 cr
Profit before tax179 cr235 cr227 cr
Tax46 cr41 cr64 cr
Net profit (owners' share)133 cr194 cr163 cr
Net margin (owners' share, on revenue)23.0%23.8%18.0%
EPS (₹)4.186.105.14
YoY (latest quarter): total income +21.3% · net profit -0.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹8,983 cr
Shareholder equity
₹7,073 cr
parent shareholders
Total debt
₹309 cr
Cash
₹94 cr
Cash flow · H1 FY26
Operating
₹257 cr
Investing
₹-93 cr
Financing
₹-170 cr
Peer comparison
Industrial Minerals · by market value
CompanyPriceMarket capP/E
Lloyds Metals And Energy Limited₹1,799₹1.01 L cr14.7
NMDC Limited₹81₹71,038 cr9.0
Gujarat Mineral Development Corporation Limitedthis company₹549₹17,463 cr26.7
Gravita India Limited₹1,612₹11,894 cr27.6
MOIL Limited₹243₹5,768 cr28.0
Ashapura Minechem Limited₹518₹4,946 cr10.7
The Orissa Minerals Development Company Limited₹3,896₹2,338 cr
20 Microns Limited₹206₹726 cr10.2
Goa Carbon Limited₹378₹346 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹10.1
ex 18 Sep 2025
ActionDetailEx-date
Dividend₹10.1 / share18 Sep 2025
Dividend₹9.55 / share20 Sep 2024
Dividend₹11.45 / share22 Sep 2023
Dividend₹4.3 / share22 Sep 2022
Dividend₹0.2 / share17 Nov 2021
Dividend₹2 / share22 Dec 2020
Who owns it · 2026-06-30
No pledge
Promoter
74.0%
FII / Foreign
3.6%
DII / Domestic
0.8%
Retail / others
21.5%
Smart-money activity
Bulk / block deals
short · NSE20010 Sep 26
short · NSE9509 Sep 26
short · NSE20026 Aug 26
Stake changes
SoldICICI Prudential Asset Management Company Limited→ 2.96% · 1.75 L6 Oct 16
BoughtICICI Prudential Mutual Fund→ 5.00% · 17,90610 Aug 16
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Sep 2025
See the official result
1
To receive, consider and adopt the Financial Statements (Standalone and Consolidated) for the year ended on 31st March, 2025, including the Balance Sheet, Statement of Profit and Loss, Statement of Changes in Equity and Cash Flow Statement together with the Reports of the Board of Directors and Auditors thereon and Comments of Comptroller and Auditor General of India.
Backed by 100% of shareholders other than promotersneeded 50%
66.75 L votes for, 2,920 against · 0% of mutual funds and other big investors said no
2
To declare Dividend on Equity Shares for the year 2024-25.
Backed by 100% of shareholders other than promotersneeded 50%
66.85 L votes for, 2,084 against · 0% of mutual funds and other big investors said no
3
To fix up the remuneration of Statutory Auditors for the financial year 2025-26.
Backed by 99% of shareholders other than promotersneeded 50%
66.37 L votes for, 50,216 against · 1% of mutual funds and other big investors said no
4
To appoint Smt. Mamta Verma, IAS (DIN01854315) as Director on the Board of GMDC Ltd
⚑ Passed only because promoters voted yes
Backed by 27% of shareholders other than promotersneeded 50%
18.34 L votes for, 48.54 L against · 79% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 74.0% between them · as of 2026-06-30
H E THE GOVERNOR OF GUJARAT74.00%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.