
Gujarat Mineral Development Share Price
NSE: GMDCLTD
|BSE: 532181
|Minerals
100% Sell
₹393.10
+₹13.70 (3.61%) Last updated on 18 Jul, 2025 | 12:08 ISTGujarat Mineral Development Overview
Market cap | Open ₹380.00 | Prev. Close ₹379.40 |
Circuit range ₹455.25 - ₹303.55 | Day range ₹375.05 - ₹395.00 | Year range ₹226.59 - ₹428.35 |
Volume 16,96,620 | Avg. traded ₹387.58 | Revenue (12m) ₹2,851 Crs |
About 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 Share Price Chart
Gujarat Mineral Development Key Indicators
P/E ratio 17.59 | P/B ratio 1.89 | ROE 10.38% |
ROCE 13.83% | Dividend yield 2.64% | Debt/Equity ratio |
EPS 19.3 |
Investment Checklist: (4/6)
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Analyst Ratings:
Sell0%
Hold
0%
Sell
100%
This analysis is based on the reviews of 1 experts in the last 7 days
Gujarat Mineral Development Financial Ratios
Operating profit margin36.31% | Net profit margin24.87% |
ROE10.38% | ROA8.62% |
ROCE13.83% |
Quick ratio4.5 | Current ratio4.69 |
Interest coverage279.53 | Asset turnover0.35 |
Debt to Equity0 |
P/E ratio17.59 | P/B ratio1.89 |
EV / EBITDA11.66 | |
Dividend yield2.64% |
Revenue Statement
Year | Revenue | Operating Profit | Net Profit |
---|---|---|---|
Mar-24 | ₹2,462.88 | ₹896.39 | ₹617.24 |
Mar-23 | ₹3,497.88 | ₹1,730.38 | ₹1,204.45 |
Mar-22 | ₹2,732.08 | ₹877.44 | ₹444.42 |
Mar-21 | ₹1,328.98 | ₹146.78 | ₹-38.41 |
Cash Flow
Year | Operating | Investing | Financing |
---|---|---|---|
Mar-24 | ₹-364.55 | ||
Mar-23 | ₹-786.97 | ₹-137.27 | |
Mar-22 | ₹-673.51 | ₹-6.68 | |
Mar-21 | ₹-63.09 |
Balance Sheet
Period | Total Asset | Total Liability |
---|---|---|
Mar-24 | ₹7,366.85 | ₹1,250.85 |
Mar-23 | ₹6,951.18 | ₹1,166.01 |
Mar-22 | ₹5,882.15 | ₹1,060.56 |
Mar-21 | ₹4,913.06 | ₹846.24 |
Gujarat Mineral Development Share Price History
Day | Open | Close | Change % |
---|---|---|---|
03-Jul-25 | ₹417.80 | ₹407.70 | -2.31% |
02-Jul-25 | ₹425.00 | ₹417.35 | -0.71% |
01-Jul-25 | ₹413.60 | ₹420.35 | |
30-Jun-25 | ₹413.80 | ₹411.60 | -0.04% |
27-Jun-25 | ₹407.00 | ₹411.75 | |
26-Jun-25 | ₹404.60 | ₹404.75 | |
25-Jun-25 | ₹399.90 | ₹403.50 | |
24-Jun-25 | ₹397.50 | ₹397.30 |
Corporate Actions
Dividend • ₹9.55/share
Ex date 20 Sep 2024
Dividend • ₹11.45/share
Ex date 22 Sep 2023
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