Gujarat Mineral Development Corporation Limited (GMDCLTD) AI Stock Analysis

• Market Cap: ₹175.54B
• Dividend Yield: 1.91%
• Average Volume (3M): 746.87K
• Price to Earnings (P/E): 17.5
• Beta (1Y): 1.99
• Revenue Growth: -0.96%
• EPS Growth: 57.80%
• Country: IN
• Employees: 837
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Coal
• EPS (TTM): -0.10
• Shares Outstanding: 318,000,000
• 10 Day Avg. Volume: 298,227
• 30 Day Avg. Volume: 746,874
• PEG Ratio: 0.86
• Price to Book (P/B): 1.36
• Price to Sales (P/S): 2.95
• P/FCF Ratio: 21.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: ₹669.00 ▲(22.61% Upside)

The score is primarily driven by strong financial performance (growth, profitability, low leverage, and solid cash generation). Technicals are supportive with price above key moving averages and positive MACD, though near-overbought signals moderate the outlook. Valuation is reasonable but not notably cheap, with a modest dividend yield.

Positive Factors

Revenue Diversification

Diversification into renewable energy enhances sustainability and reduces dependency on mineral sales, providing a stable revenue base.

Balance Sheet Health

A low debt-to-equity ratio indicates strong financial stability, reducing risk from debt obligations and providing financial flexibility.

Profitability Improvement

Improved net profit margins reflect effective cost management and operational efficiency, enhancing long-term profitability.

Negative Factors

Revenue Growth Decline

A decline in revenue growth can signal challenges in market expansion or product demand, potentially impacting future earnings.

Operational Efficiency Pressure

Dips in EBIT and EBITDA margins suggest operational challenges, which could affect profitability if not addressed.

Free Cash Flow Volatility

Volatile free cash flow can hinder consistent investment and growth, affecting the company's ability to fund operations and expansions.

Gujarat Mineral Development Corporation Limited Business Overview & Revenue Model

Company Description

Gujarat Mineral Development Corporation Limited engages in mining business in India. It operates in two segments, Mining and Power. The company explores for lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay. It also generates power using thermal, wind, and solar sources. The company was incorporated in 1963 and is based in Ahmedabad, India.

How the Company Makes Money

GMDCLTD generates revenue through several key streams, primarily from the extraction and sale of mineral resources like lignite and bauxite. The company operates multiple mines, and the sales of these minerals to various industries, including energy production and aluminum manufacturing, constitute a significant portion of its earnings. Additionally, GMDCLTD has diversified its revenue by investing in renewable energy projects, which not only contribute to its income but also enhance its sustainability profile. The company may also engage in partnerships with private sectors and government entities for mining contracts and infrastructure development, further supporting its financial growth. Overall, the combination of mineral sales and renewable energy initiatives forms the backbone of GMDCLTD's revenue model.

Gujarat Mineral Development Corporation Limited Financial Statement Overview

Summary

Gujarat Mineral Development Corporation Limited exhibits strong financial health with substantial revenue and profit growth, a stable balance sheet with low leverage, and solid cash flows. Despite occasional operational efficiency challenges, the overall financial performance is robust.

Income Statement

Gujarat Mineral Development Corporation Limited has shown strong revenue growth over the years, with a significant increase from 2024 to 2025. The gross profit margins are robust, indicating effective cost management. The net profit margin has also improved, showcasing increased profitability. However, there was a dip in EBIT and EBITDA margins in some years, reflecting potential challenges in operational efficiency.

Balance Sheet

The company has maintained a healthy equity ratio, indicating strong financial stability with a significant portion of assets financed by equity. The debt-to-equity ratio is low, suggesting low financial leverage and reduced risk from debt obligations. Return on equity has been positive, reflecting effective use of equity capital to generate profits.

Cash Flow

Operating cash flows have been positive, with strong free cash flow growth in recent years, indicating good cash generation capacity. The free cash flow to net income ratio is healthy, suggesting efficient conversion of profits into cash flows. However, fluctuations in free cash flow in earlier years indicate potential volatility in cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	28.76B	29.62B	25.15B	34.98B	27.32B	13.43B
Gross Profit	19.75B	24.04B	20.75B	29.47B	27.14B	13.32B
EBITDA	7.96B	7.70B	6.63B	13.38B	7.22B	-51.07M
Net Income	6.66B	6.86B	5.97B	12.04B	4.46B	-357.68M
Balance Sheet
Total Assets	0.00	77.50B	73.67B	69.21B	59.16B	49.63B
Cash, Cash Equivalents and Short-Term Investments	5.83B	1.37B	551.65M	15.14B	734.87M	2.72B
Total Debt	0.00	1.26B	29.83M	20.68M	5.52M	8.13M
Total Liabilities	-64.12B	13.39B	12.51B	11.66B	10.61B	9.01B
Stockholders Equity	64.12B	64.12B	61.16B	57.98B	47.67B	40.67B
Cash Flow
Free Cash Flow	0.00	4.15B	-3.68B	9.08B	-2.54B	1.44B
Operating Cash Flow	0.00	10.59B	1.09B	9.32B	4.81B	1.56B
Investing Cash Flow	0.00	-8.08B	2.38B	-7.86B	-6.74B	778.88M
Financing Cash Flow	0.00	-1.83B	-3.65B	-1.37B	-66.81M	-636.00M

Gujarat Mineral Development Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 545.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GMDCLTD, the sentiment is Neutral. The current price of 545.65 is below the 20-day moving average (MA) of 562.55, below the 50-day MA of 551.21, and above the 200-day MA of 448.97, indicating a neutral trend. The MACD of 14.71 indicates Positive momentum. The RSI at 46.60 is Neutral, neither overbought nor oversold. The STOCH value of 26.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:GMDCLTD.

Gujarat Mineral Development Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMDCLTD	77 Outperform	₹175.54B	17.49	―	1.91%	-0.96%	57.80%
MOIL	74 Outperform	₹68.52B	22.74	―	2.18%	―	―
SANDUMA	73 Outperform	₹109.37B	18.27	―	0.18%	196.22%	71.39%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SARDAEN	61 Neutral	₹168.61B	15.86	―	0.28%	46.66%	75.53%
GRAPHITE	54 Neutral	₹122.75B	50.94	―	1.93%	-7.12%	-48.28%
KIOCL	45 Neutral	₹223.11B	-159.82	―	―	-39.14%	-12.75%

Gujarat Mineral Development Corporation Limited Corporate Events

GMDC Achieves Strong Q2FY26 Profitability Amidst Lignite Demand Challenges

Gujarat Mineral Development Corporation Limited reported strong profitability for the second quarter of fiscal year 2026, despite facing a softer demand environment for lignite. The company’s disciplined cost management and a one-time exceptional gain from GST Input Tax Credit significantly boosted its Profit Before Tax, which rose to ₹634 crore from ₹183 crore in the same quarter the previous year. This performance underscores GMDC’s operational resilience and commitment to long-term value creation, positioning it favorably within the industry. The financial results indicate a robust profit position for the half-year, with notable increases in other income and exceptional income contributing to overall profitability.