1. Gujarat Mineral Development
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Gujarat Mineral Development Share Price

GMDCLTD

₹399.20-₹4.50 (-1.11%) TodayLast updated on 21 Jun, 2024 | 03:51 PM IST
₹398.05₹408.90
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Company overview

Financial performance

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Market cap

Market Cap Switch₹12,772 Crs

Open

₹403.70

Close

₹403.70

Circuit range

₹479.00 - ₹319.40

Day range

₹398.05 - ₹408.90

Year range

₹163.60 - ₹506.00

Volume

9,10,727

Avg. traded

₹403.30

Revenue (12m)

₹2,463 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

₹163.60

P/E ratio

20.69

P/B ratio

2.09

ROE

23%

ROCE

31.47%

Dividend yield

2.37%

Debt/Equity ratio

EPS

38.13

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Investment checklist: (4/6)

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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

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

49.63%

Net profit margin

34.57%

ROE

23%

ROA

19.05%

ROCE

31.47%

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Gujarat Mineral Development Shareholder returns

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1 day

-1.11%

1 week

+3.26%

1 month

-6.75%

3 months

+10.20%

1 year

+133.59%

3 years

+437.64%

5 years

+435.48%

Gujarat Mineral Development Share Price history

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DayOpenCloseDay’s change
Fri, Jun 21 2024
₹403.70
₹399.20
-1.11%
Thu, Jun 20 2024
₹397.75
₹403.70
+1.66%
Wed, Jun 19 2024
₹407.40
₹397.10
-1.96%
Tue, Jun 18 2024
₹403.40
₹405.05
+0.85%
Fri, Jun 14 2024
₹386.60
₹401.65
+3.89%
Thu, Jun 13 2024
₹390.00
₹386.60
-0.58%
Wed, Jun 12 2024
₹391.00
₹388.85
-0.10%
Tue, Jun 11 2024
₹385.35
₹389.25
+1.57%

Shareholding info

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Promoters (74%)

Mutual Funds (0.06%)

Retail and other (23.44%)

Foreign institutions-FII (1.82%)

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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