Gujarat Mineral Development Corporation Ltd.

NSE: GMDCLTD · Industrial Minerals

52W Range₹380 ₹772

Snapshot

Unlock Gujarat Mineral Development Corporation Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Gujarat Mineral Development Corporation Limited is a state-owned enterprise engaged in the mining of various industrial minerals, including lignite, bauxite, and fluorspar. The company also operates a diversified power generation portfolio comprising thermal, wind, and solar assets.

Business Model

The company generates revenue primarily through the extraction and sale of mineral resources and the generation and distribution of electricity. It leverages its mining leases to supply raw materials to industrial consumers and utilizes its power plants to contribute to the regional energy grid.

  • Incorporation Year:1963

Growth Outlook

Growth is expected to be driven by the expansion of mining operations and the continued integration of renewable energy sources into the power portfolio. The company focuses on optimizing resource extraction efficiency to meet industrial demand.

Key Risks

  • Regulatory and Environmental Compliance. Mining operations are subject to stringent environmental regulations and the periodic renewal of mining leases, which can impact operational continuity.
  • Commodity Price Volatility. Fluctuations in the market prices of lignite and other industrial minerals directly impact the company's revenue and profit margins.
  • Operational Hazards. The inherent risks associated with mining and power generation, including safety incidents and equipment failure, could lead to significant financial and reputational damage.
  • Energy Transition Risks. Increased regulatory and market pressure to shift away from thermal power may necessitate significant capital expenditure to pivot towards renewable energy sources.

Price

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Key Metrics

REVENUE

₹2,653 Cr

TTM · consolidated

-6.9%YoY

NET PROFIT

₹957 Cr

TTM · consolidated

+39.5%YoY

EPS

₹30.08

TTM · consolidated

+39.5%YoY

RETURN ON EQUITY

14.5%

TTM · consolidated

+3.4 ppYoY

RETURN ON CAPITAL EMPLOYED

17.1%

TTM · consolidated

+4.1 ppYoY

P/E

19.5x

Q4 FY26 · consolidated

19.5 vs 26.9x5Y avg

EV/EBITDA

21.3x

Q4 FY26 · consolidated

21.3 vs 26.3x5Y avg

EBITDA MARGIN

33.4%

TTM · consolidated

-1.4 ppYoY

NET PROFIT MARGIN

23.8%

Q4 FY26 · consolidated

-5.0 ppYoY

DEBT TO EQUITY

0.0%

Q4 FY26 · consolidated

+0.0 ppYoY

Peers · Industrial Minerals

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Gujarat Mineral Development Corporation Ltd.GMDCLTD
18,30019.5021.30-6.9%33.4%14.5%17.1%+54.8%
Gravita India Ltd.GRAVITA
10,28535.1727.3110.2%12.0%17.5%20.0%+6.2%
MOIL LimitedMOIL
5,74720.7610.93-5.3%33.8%10.1%12.2%-27.3%
Ashapura Minechem LimitedASHAPURMIN
4,66316.7411.6591.2%12.9%31.0%22.7%+32.7%
The Orissa Minerals Development Company LimitedORISSAMINE
2,047-75.48-0.7%-8.0%135.3%-40.9%-20.0%
20 Microns20MICRONS
52210.836.154.5%13.6%15.1%21.4%-21.1%

As of Q4 FY26

Financials