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Gujarat Mineral Development Corporation Ltd

GMDCLTD

Gujarat Mineral Development Corporation Ltd

GMDCLTD
MaterialsMining - Diversified
SmallcapWith a market cap of ₹10,369 cr, stock is ranked 523
High RiskStock is 3.32x as volatile as Nifty
326.100.00% (+0.00)
326.100.00% (+0.00)

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MaterialsMining - Diversified
SmallcapWith a market cap of ₹10,369 cr, stock is ranked 523
High RiskStock is 3.32x as volatile as Nifty

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MaterialsMining - Diversified
SmallcapWith a market cap of ₹10,369 cr, stock is ranked 523
High RiskStock is 3.32x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
16.311.702.93%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
29.573.361.39%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Gujarat Mineral Development Corporation Limited is a holding company. The Company operates through two segments: Mining and Power.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 6.17%, vs industry avg of 5.97%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 79.93% to 7.89%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,334.391,727.512,180.722,031.651,627.111,501.292,894.753,899.772,740.842,982.86
Raw Materialssubtract0.000.000.000.000.000.000.000.000.002,048.46
Power & Fuel Costsubtract16.0321.8115.0316.4617.1218.0317.7122.5723.99
Employee Costsubtract105.80104.12188.57122.37143.80130.86132.87158.43148.34
Selling & Administrative Expensessubtract262.39132.88291.37150.26138.47155.47569.241,758.031,434.04
Operating & Other expensessubtract505.69869.301,096.091,256.231,029.441,444.101,296.01227.91234.80
Depreciation/Amortizationsubtract130.72151.26119.0396.1491.5894.2197.9881.3078.7383.18
Interest & Other Itemssubtract1.061.331.631.831.881.963.302.382.923.18
Taxes & Other Itemssubtract93.66121.76122.32168.5258.32-307.57331.74444.69200.77212.17
EPS6.8910.2210.906.914.61-1.1214.0237.8819.4120.00
DPS3.003.003.502.002.000.204.3011.459.559.55
Payout ratio0.440.290.320.290.430.310.300.490.48

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
MaterialsMining - Diversified

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Gujarat Mineral Development Corporation Ltd16.801.702.93%
Hindustan Zinc Ltd25.2612.902.81%
Sandur Manganese and Iron Ores Ltd30.643.402.21%
Orissa Minerals Development Company Ltd1,541.87-404.85

Price Comparison

Compare GMDCLTD with any stock or ETF
Compare GMDCLTD with any stock or ETF
GMDCLTD
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding74.00%0.10%0.68%1.68%23.54%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep3.08%1.89%1.76%1.82%1.59%1.68%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Gujarat Mineral Development Corporation Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Nippon India Nifty Smallcap 250 Index Fund - Growth - Direct Plan

Growth
0.0269%0.15%-0.01%70/294 (-2)
SBI Nifty Smallcap 250 Index Fund - Direct Plan - Growth

Growth
0.0164%0.15%-0.01%254/294 (0)
Motilal Oswal Nifty Smallcap 250 Index Fund - Growth - Direct Plan

Growth
0.0116%0.15%-0.01%104/294 (-1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 2.93%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹29.29 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 20, 2024

Final
Final | Div/Share: ₹9.55

Dividend/Share

9.55

Ex DateEx Date

Sep 20, 2024

Cash Dividend

Ex DateEx DateSep 22, 2023

Final
Final | Div/Share: ₹11.45

Dividend/Share

11.45

Ex DateEx Date

Sep 22, 2023

Cash Dividend

Ex DateEx DateSep 22, 2022

Final
Final | Div/Share: ₹4.30

Dividend/Share

4.30

Ex DateEx Date

Sep 22, 2022

Cash Dividend

Ex DateEx DateNov 17, 2021

Final
Final | Div/Share: ₹0.20

Dividend/Share

0.20

Ex DateEx Date

Nov 17, 2021

Cash Dividend

Ex DateEx DateDec 22, 2020

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Dec 22, 2020

News & Opinions
Spotlight
Volumes jump at Gujarat Mineral Development Corporation Ltd counter

Deepak Fertilizers & Petrochemicals Corp Ltd, Coforge Ltd, Persistent Systems Ltd, Max Financial Services Ltd are among the other stocks to see a surge in volumes on NSE today, 23 October 2024.Gujarat Mineral Development Corporation Ltd witnessed volume of 152.93 lakh shares by 14:14 IST on NSE, a 13.28 times surge over two-week average daily volume of 11.52 lakh shares. The stock increased 10.72% to Rs.363.60. Volumes stood at 12.21 lakh shares in the last session.Deepak Fertilizers & Petrochemicals Corp Ltd notched up volume of 38.95 lakh shares by 14:14 IST on NSE, a 7.67 fold spurt over two-week average daily volume of 5.08 lakh shares. The stock rose 13.97% to Rs.1,094.15. Volumes stood at 4.49 lakh shares in the last session.Coforge Ltd registered volume of 32.42 lakh shares by 14:14 IST on NSE, a 6.96 fold spurt over two-week average daily volume of 4.66 lakh shares. The stock rose 11.17% to Rs.7,559.55. Volumes stood at 5.64 lakh shares in the last session.Persistent Systems Ltd clocked volume of 24.07 lakh shares by 14:14 IST on NSE, a 6.5 times surge over two-week average daily volume of 3.70 lakh shares. The stock gained 10.97% to Rs.5,723.95. Volumes stood at 3.29 lakh shares in the last session.Max Financial Services Ltd clocked volume of 49.45 lakh shares by 14:14 IST on NSE, a 6.13 times surge over two-week average daily volume of 8.07 lakh shares. The stock gained 9.68% to Rs.1,283.70. Volumes stood at 12.48 lakh shares in the last session.Powered by Capital Market - Live

2 months agoCapital Market - Live
Live Market Update
Sensex adds 204 pts; auto shares in demand, VIX rises 2.2%

The headline equity indices traded with minor gains in early afternoon trade. The Nifty traded above the 24,500 level. Auto shares advanced after declining in the previous trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 204.04 points or 0.25% to 80,435.56. The Nifty 50 index rose 61.55 points or 0.27% to 24,533.65. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.70% and the S&P BSE Small-Cap index gained 83%. The market breadth was strong. On the BSE, 2,265 shares rose and 1,488 shares fell. A total of 127 shares were unchanged. Economy: The International Monetary Fund (IMF) maintained its June growth rate projects for India in its latest World Economic Outlook (WEO). IMF stated that India is set to grow at 7% in the current fiscal year ending March 31, 2025 and 6.5% in the next fiscal year (FY2025-26). Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 2.20% to 14.71. The Nifty 31 October 2024 futures were trading at 24,563.25, at a premium of 29.6 points as compared with the spot at 24,533.65. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 55 lakh contracts at the 25,000 strike price. Maximum Put OI of 46.6 lakh contracts were seen at 24,500 strike price. Buzzing Index: The Nifty Auto index rose 0.43% to 24,732. The index fell 2.14% in the past trading session. TVS Motor Company (up 3.44%), Exide Industries (up 2.64%), Bajaj Auto (up 2.33%), Samvardhana Motherson International (up 1.95%), Bosch (up 1.76%), Maruti Suzuki India (up 1.38%), Apollo Tyres (up 1.19%), Hero MotoCorp (up 1.1%), Ashok Leyland (up 1%) and Bharat Forge (up 0.96%) edged higher. On the other hand, Eicher Motors (down 1.11%), Mahindra & Mahindra (down 0.94%) and MRF (down 0.11%) edged lower. Stocks in Spotlight : Gujarat Mineral Development Corporation (GMDC) surged 8.88% after the company's standalone net profit jumped 68.95% to Rs 129.18 crore on 54.93% increase in total income to Rs 593.01 crore in Q2 FY25 over Q2 FY24. JSW Energy fell 1.02%. The company's step-down subsidiary, JSW Renew Energy Eleven, has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for ISTS connected solar capacity of 700 MW. Amber Enterprises surged 11.45% after the company reported consolidated net profit of Rs 20.96 crore in Q2 FY25 as compared with net loss of Rs 5.65 crore posted in Q2 FY24. Revenue from operations jumped 81.73% year on year (YoY) to Rs 1,684.70 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
GMDC soars as Q2 PAT jumps 69% YoY to Rs 129 cr

Profit before tax stood at Rs 182.53 crore in Q2 FY25, up 64.23% as compared with Rs 111.14 crore recorded in the corresponding quarter last year. The company reported EBITDA of Rs 203 crore in Q2 FY25, marking a growth of 56% as against Rs 130 crore in Q2 FY24. On the segmental front, revenue from mining was at Rs 553.58 crore (up 64.32% YoY) and revenue from power stood at Rs 39.45 crore (down 42.83% YoY) during the period under review. In terms of lignite sales, GMDC achieved a total of 16.59 lakh MT in Q2FY25, representing an impressive 81% increase compared to 9.15 lakh MT in Q2 FY24. The sales value of lignite also saw significant growth, reaching Rs 541 crore, up 88.5% from Rs 287 crore in the previous year. On half year basis, the company's standalone net profit rose 7.45% to Rs 313.75 crore on 22.88% increased in revenue to Rs 1,411.14 crore in H1 FY25 over H1 FY24. Roopwant Singh, IAS, MD, GMDC said, Despite the extended monsoon and challenging conditions, our core business in lignite has produced 39.55 MT in H1 FY25, representing a 44% increase compared to the same last year. This achievement reflects our precision and careful planning in mining operations. In addition to delivering strong financial and operational performance, GMDC has made notable progress in its strategic initiatives. One of the key achievements this quarter was the successful implementation of Mission 18.0, aimed at boosting lignite sales during the monsoon quarter. Despite the seasonal challenges, GMDC achieved an 81% increase in lignite production, demonstrating the Corporation's operational resilience. Moreover, the successful completion of the Public Hearing for the Baitarni-West Coal Block further reinforces GMDC's growth trajectory. In addition, GMDC signed a Supplementary Agreement with Gujarat Urja Vikas Nigam (GUVNL) to amend the Power Purchase Agreement (PPA) for its ATPS project. Our forward-looking initiatives, such as the Baitarni-West Coal Block and the supplementary agreement with GUVNL, are expected to significantly contribute to our future revenue streams. Additionally, GMDC's commitment to rare earth element project, through the Ambadongar asset, positions the Corporation to play a crucial role in India's critical mineral supply chain.' GMDC is India's second-largest Lignite-producing company and top merchant seller of Lignite. It is a State Public Undertaking of the Government of Gujarat. Company is engaged in mining lignite from deposit-rich areas across the state, company markets it to various high-growth industries, including textiles, chemicals, ceramics, bricks and captive power. Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Gujarat Mineral Development Corporation consolidated net profit rises 71.44% in the September 2024 quarter

Net profit of Gujarat Mineral Development Corporation rose 71.44% to Rs 127.86 crore in the quarter ended September 2024 as against Rs 74.58 crore during the previous quarter ended September 2023. Sales rose 54.94% to Rs 593.01 crore in the quarter ended September 2024 as against Rs 382.74 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales593.01382.74 55 OPM %23.6813.38 - PBDT202.13127.65 58 PBT181.21109.26 66 NP127.8674.58 71 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Gujarat Mineral Development Corp. to announce Quarterly Result

Gujarat Mineral Development Corp. will hold a meeting of the Board of Directors of the Company on 19 October 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Gujarat Mineral Development Corp. to convene AGM

Gujarat Mineral Development Corp. announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Gujarat Mineral Development Corp. to convene AGM

Gujarat Mineral Development Corp. announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live

Buy Apollo Hospitals stock; sell Cochin Shipyard, GMDC shares, says LKP Securities

4 months agoBusiness Today

GMDC net profit dips 16% to ₹184 crore in Q1

4 months agoThe Hindu Businessline

Gujarat Mineral Development Corporation consolidated net profit declines 15.84% in the June 2024 quarter

4 months agoBusiness Standard