1. Gujarat Mineral Development
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Gujarat Mineral Development Share Price

GMDCLTD

₹326.00-₹13.90 (-4.09%) TodayLast updated on 20 Dec, 2024 | 15:59 IST

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  • About Gujarat Mineral Development
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About Gujarat Mineral Development

Gujarat Mineral Development Financials

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Market cap
Market Cap Switch₹10,367 Crs
Open
₹340.05
Close
₹339.90
Circuit range
₹391.20 - ₹260.80
Day range
₹324.50 - ₹346.75
Year range
₹308.80 - ₹506.00
Volume
6,12,686
Avg. traded
₹333.62
Revenue (12m)
₹2,726 Crs
Gujarat Mineral Development

Gujarat Mineral Development Corporation Ltd (GMDC) is one of India’s leading mining and mineral processing companies. Owned by the government of Gujarat, GMDC was founded in 1963. It is headquartered in Ahmedabad. GMDC is also recognised as one of the top five organisations in the mining sector based on market capitalisation.

Gujarat Mineral Development Corporation's market capitalisation is over ₹13,900 crore as of January 4, 2024. GMDC share price has gained over 640% in the last three years.

Business operations

GMDC is involved in the mining and mineral processing business. Its product lineup includes lignite and fluorspars. It has five operational lignite mines located in Kutch, South Gujarat and Bhavnagar regions. GMDC is a leader in exploring and supplying lignite across Gujarat. It extracts lignite from rich deposits throughout the state and supplies it to various thriving industries like textiles, chemicals, ceramics, bricks and captive power.

The company produces two varieties of fluorspar, acid and metallurgical. Fluorspar finds application in industries such as steel and aluminium. GMDC owns a fluorspar mine at Ambadungar in Udepur district. Located in an area lacking manufacturing and industrial facilities, the Ambadungar Fluorspar Mine and Kadipani Beneficiation Plant significantly contribute to employment creation and economic empowerment in the region.

The company also operates in the business segments of power projects and mining projects. It is engaged in exploring bauxite, fluorspar, manganese, silica sand, limestone, bentonite and ball clay. These serve diverse purposes across industries, from producing hydrofluoric acid to manufacturing glass and ceramics and drilling for oil.

GMDC ensures a smooth fulfilment of Gujarat's demand for both plant-grade and non-plant-grade bauxite. These deposits are strategically grouped with several smaller deposits situated close to each other. Currently, it manages nine bauxite mines, eight of which are in the Kutch district (Gadhsisa Group of Bauxite Mines), and one is situated in the region of Devbhumi Dwarka.

GMDC’s manganese mines are located at Panchmahal, Vadodara, Dahod, Bamankuva, Bapotiya, Pani and Salapada. Its silica sand mines are located at Rajpardi in Bharuch.

The company's bentonite mines are in Surkha North, Bhavnagar while limestone mines are located in Kutch region of Gujarat.

GMDC holds a significant presence in the energy sector as well. It has a diverse portfolio comprising thermal power and renewable energy projects in wind and solar power. The company has generated over 2,522,416 MW of green energy to date.

GMDC owns and runs Akrimota thermal power station. Operational since March 2005, it consists of two units generating 125 MW each. This power station utilises lignite as its primary fuel source.

Financial highlights

GMDC’s revenue from operations for FY23 stood at ₹3,501 crore, up 28% from ₹2,732 crore in FY22. The net profit after tax for FY23 was ₹1,215.74 crore compared to ₹445.90 crore during the previous year. In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹1,557 crore from the previous year's ₹875 crore. The company's earnings per share (EPS) stood at ₹38.23 in FY23 compared to ₹14.02 in the previous financial year.

Gujarat Mineral Development Key indicators

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52 week high
₹506.00
52 week low
₹308.80
P/E ratio
16.31
P/B ratio
1.9
ROE
10.38%
ROCE
13.83%
Dividend yield
2.58%
Debt/Equity ratio
EPS
19.3

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Investment checklist: (4/6)
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Debt vs Equity

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Profit factor

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Analyst ratings:

Sell

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Buy

0%

Hold

0%

Sell

100%

This analysis is based on the reviews of 1 experts in the last 7 days

Gujarat Mineral Development Fundamentals

Gujarat Mineral Development Financial Ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

36.31%

Net profit margin

24.87%

ROE

10.38%

ROA

8.62%

ROCE

13.83%

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Gujarat Mineral Development Shareholder returns

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1 day
-4.09%
1 week
-9.00%
1 month
-2.64%
3 months
-10.38%
1 year
-16.13%
3 years
+375.91%
5 years
+455.84%

Revenue statement

All values are in ₹ Crores (Cr)
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  • Revenue

  • Operating profit

  • Net profit

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Cash flow

All values are in ₹ Crores (Cr)
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  • Operating

  • Investing

  • Financing

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Balance sheet

All values are in ₹ Crores (Cr)
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Total assets

Total liabilities

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Gujarat Mineral Development Share Price history

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DayOpenCloseChange %
Fri, Dec 20 2024
₹340.05
₹326.00
-4.09%
Thu, Dec 19 2024
₹339.50
₹339.90
-1.41%
Wed, Dec 18 2024
₹352.50
₹344.75
-2.59%
Tue, Dec 17 2024
₹354.80
₹353.90
-0.27%
Mon, Dec 16 2024
₹359.20
₹354.85
-0.95%
Fri, Dec 13 2024
₹360.85
₹358.25
-0.86%
Thu, Dec 12 2024
₹370.00
₹361.35
-2.26%
Wed, Dec 11 2024
₹366.20
₹369.70
+0.87%

Gujarat Mineral Development Shareholding Pattern

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Promoters (74%)

Mutual Funds (0.1%)

Retail and other (23.54%)

Foreign institutions-FII (1.68%)

Other domestic institutions (0.68%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹11.45/share

    Ex date 22 Sep 2023

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  • Dividend • ₹4.3/share

    Ex date 22 Sep 2022

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  • Dividend • ₹9.55/share

    Ex date

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FAQs on Gujarat Mineral Development

What is the Gujarat Mineral Development share price today?

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Gujarat Mineral Development share price is ₹ 326.00 today.

What is today’s high & low share price of Gujarat Mineral Development?

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Gujarat Mineral Development share price high: ₹ 346.75 and low: ₹ 324.50

What is the Gujarat Mineral Development share price high and low in the last 52 weeks on the NSE?

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52 Week share High Price is ₹ 506.00 and Low Price is ₹ 308.80

What is the Gujarat Mineral Development Stock Symbol?

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The Gujarat Mineral Development Stock symbol is GMDCLTD.

Can I buy Gujarat Mineral Development shares on Holidays?

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No, shares of Gujarat Mineral Development or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Gujarat Mineral Development shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.