Gujarat Mineral Development Corporation Limited (IN:GMDCLTD)
:GMDCLTD
Top Page
Gujarat Mineral Development Corporation Limited
(GMDCLTD)
Select Model
Select Model
Rating:71Outperform
Price Target:
₹635.00
▲(16.37% Upside)
Action:ReiteratedDate:03/21/26
The score is driven primarily by strong financial performance (growth, profitability, low leverage, and solid cash generation). This is partially offset by weaker technical momentum signals (negative MACD and sub-50 RSI) and a relatively expensive valuation (high P/E with only a modest dividend yield).
Positive Factors
Low leverage / strong balance sheet
A healthy equity ratio and low debt-to-equity imply limited financial leverage and lower refinancing risk. This durable balance-sheet strength supports capex for mine development, cushions commodity cycles, and preserves capacity to fund projects or dividends over the next several months.
Negative Factors
Recent revenue decline
A reported revenue decline (~-6.74%) signals top-line pressure that could persist if structural demand or dispatch patterns weaken. Prolonged revenue contraction would limit internal funding for projects, pressure margins and constrain growth initiatives over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A healthy equity ratio and low debt-to-equity imply limited financial leverage and lower refinancing risk. This durable balance-sheet strength supports capex for mine development, cushions commodity cycles, and preserves capacity to fund projects or dividends over the next several months.
Read all positive factors
Gujarat Mineral Development Corporation Limited (GMDCLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹190.82B
Dividend Yield1.91%
Average Volume (3M)746.87K
Price to Earnings (P/E)35.8
Beta (1Y)1.85
Revenue Growth-0.96%
EPS Growth57.80%
CountryIN
Employees837
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)4.30
Shares Outstanding318,000,000
10 Day Avg. Volume298,227
30 Day Avg. Volume746,874
Financial Highlights & Ratios
PEG Ratio0.86
Price to Book (P/B)1.36
Price to Sales (P/S)3.06
P/FCF Ratio21.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)23
Revenue Forecast (FY)₹34.63B
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. ...
How the Company Makes Money
GMDC primarily makes money by extracting and selling mined minerals, with revenue driven by volumes sold and realized selling prices under supply arrangements with industrial customers. A key revenue stream is the sale of lignite from its mines, t...
Gujarat Mineral Development Corporation Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.65B | 28.51B | 24.63B | 34.98B | 27.32B | 13.43B |
| Gross Profit | 9.38B | 9.74B | 9.32B | 16.52B | 9.50B | 2.33B |
| EBITDA | 9.68B | 9.93B | 8.82B | 17.31B | 8.78B | -2.49B |
| 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
Positive
545.65
Price Trends
566.89
Positive
557.03
Positive
518.09
Positive
Market Momentum
7.50
Negative
58.51
Neutral
80.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GMDCLTD, the sentiment is Positive. The current price of 545.65 is below the 20-day moving average (MA) of 560.49, below the 50-day MA of 566.89, and above the 200-day MA of 518.09, indicating a bullish trend. The MACD of 7.50 indicates Negative momentum. The RSI at 58.51 is Neutral, neither overbought nor oversold. The STOCH value of 80.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GMDCLTD.
Gujarat Mineral Development Corporation Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹94.40B | 25.50 | ― | 0.18% | 196.22% | 71.39% | |
71 Outperform | ₹190.82B | 35.77 | ― | 1.91% | -0.96% | 57.80% | |
67 Neutral | ₹60.55B | 35.43 | ― | 2.18% | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹190.80B | 24.09 | ― | 0.28% | 46.66% | 75.53% | |
54 Neutral | ₹125.63B | 46.09 | ― | 1.93% | -7.12% | -48.28% | |
49 Neutral | ₹213.50B | 336.52 | ― | ― | -39.14% | -12.75% |
* Basic Materials Sector Average
IN:GMDCLTD
Gujarat Mineral Development Corporation Limited
600.05
335.91
127.17%
IN:GRAPHITE
Graphite India Limited
643.00
204.13
46.51%
IN:KIOCL
KIOCL Ltd
351.30
130.95
59.43%
IN:MOIL
Moil Limited
297.55
5.00
1.71%
IN:SANDUMA
Sandur Manganese & Iron Ores Ltd
194.20
63.72
48.84%
IN:SARDAEN
Sarda Energy & Minerals Limited
541.45
123.35
29.50%
Gujarat Mineral Development Corporation Limited Corporate Events
GMDC, NTPC Forge Gasification Pact for Coal and Lignite Syngas Push
Feb 26, 2026
Gujarat Mineral Development Corporation has signed a memorandum of understanding with NTPC Limited to jointly explore advanced gasification of coal from its Odisha blocks and lignite from its Gujarat mines, aiming to develop syngas and related dow...
GMDC Inducts Gujarat Finance Secretary Sandeep Kumar as Non-Executive Director
Jan 27, 2026
Gujarat Mineral Development Corporation Limited has announced a change in its board, following an office order from the Government of Gujarat appointing senior IAS officer Sandeep Kumar as a Non-Executive, Non-Independent Director with effect from...
GMDC Secures Leadership-Category Provisional ESG Rating from CareEdge
Jan 8, 2026
Gujarat Mineral Development Corporation Limited has received a provisional ESG rating score of 77.7 (CareEdge-ESG 1) from CareEdge ESG Ratings, placing the company in the “Leadership” category for environmental, social and governance r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.