Gujarat Mineral Development
Gujarat Mineral Development Share Price

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 IST

Gujarat Mineral Development Overview

Market cap
Market Cap Switch₹12,065 Crs
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.

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Gujarat Mineral Development Share Price Chart

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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)

not passed

Equity returns

not passed

Dividend returns

passed

Safety factor

passed

Growth factor

passed

Debt vs Equity

passed

Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst Ratings:

Sell

Buy

0%

Hold

0%

Sell

100%

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

Gujarat Mineral Development Financial Ratios

  • Profitability

  • Operational

  • Valuation

Operating profit margin

36.31%

Net profit margin

24.87%

ROE

10.38%

ROA

8.62%

ROCE

13.83%

Gujarat Mineral Development Shareholder returns

1 day
-0.59%
1 week
-3.11%
1 month
-8.42%
3 months
+20.32%
1 year
-9.08%
3 years
+171.68%
5 years
+818.79%

Revenue Statement

All values are in ₹ Crores (Cr)
RevenueNo Sort
Operating ProfitNo Sort
Net ProfitNo Sort
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

All values are in ₹ Crores (Cr)
OperatingNo Sort
InvestingNo Sort
FinancingNo Sort
Mar-24
108.60
238.10
-364.55
Mar-23
932.68
-786.97
-137.27
Mar-22
481.45
-673.51
-6.68
Mar-21
146.52
87.03
-63.09

Balance Sheet

All values are in ₹ Crores (Cr)
Total AssetNo Sort
Total LiabilityNo Sort
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

DayOpenCloseChange %
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
+2.13%
30-Jun-25
₹413.80
₹411.60
-0.04%
27-Jun-25
₹407.00
₹411.75
+1.73%
26-Jun-25
₹404.60
₹404.75
+0.31%
25-Jun-25
₹399.90
₹403.50
+1.56%
24-Jun-25
₹397.50
₹397.30
+0.97%

Gujarat Mineral Development Shareholding Pattern

CategoryMar 2025Dec 2024Sep 2024Jun 2024
Promoters
74.00%
74.00%
74.00%
74.00%
Foreign institutions-FII
2.15%
1.94%
1.68%
1.59%
Other domestic institutions
0.64%
0.63%
0.68%
0.74%
Retail and other
23.09%
23.32%
23.54%
23.36%
Mutual Funds
0.12%
0.11%
0.10%
0.31%

Corporate Actions

  • Dividend • ₹9.55/share

    Ex date 20 Sep 2024

    expand tab
  • Dividend • ₹11.45/share

    Ex date 22 Sep 2023

    expand tab

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FAQs on Gujarat Mineral Development

What is the share price of Gujarat Mineral Development today?

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Gujarat Mineral Development share price is ₹ 393.10 as on 18 Jul, 2025 | 12:08 IST.

What are the high & low stock price of Gujarat Mineral Development today?

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Gujarat Mineral Development stock price hit a high of ₹ 395.00 and low of ₹ 375.05 as on 18 Jul, 2025 | 12:08 IST.

What is the market cap of Gujarat Mineral Development?

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The market cap of Gujarat Mineral Development is ₹ 12,064.92 Crores as on 18 Jul, 2025 | 12:08 IST.

What are the the 52-week high and low share prices of Gujarat Mineral Development stock on the NSE?

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52-week high stock Price of Gujarat Mineral Development is ₹ 428.35 and Low Price is ₹ 226.59 as on 18 Jul, 2025 | 12:08 IST.

What are the stock symbols of Gujarat Mineral Development?

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The stock symbol of Gujarat Mineral Development is NSE: GMDCLTD on the NSE, BSE: 532181 on the BSE, and the ISIN is INE131A01031.

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.

What is the PE and PB ratio of Gujarat Mineral Development?

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The PE and PB ratio of Gujarat Mineral Development is 17.59 and 1.89 respectively, as on 18 Jul, 2025 | 12:08 IST.

What are the returns on Gujarat Mineral Development shares?

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The historical returns for Gujarat Mineral Development shares are -9.08 for 1 year, 171.68 for 3 year and 818.79 for 5 year.