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GMDCLTD

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GUJARAT MINERAL DEV CORP performance

Today’s low

Today’s high

₹ 301.95 ₹ 314.25
₹ 304.15

52 week low

52 week high

₹ 226.59 ₹ 452.95
₹ 304.15

Open Price

₹ 313.35

Prev. Close

₹ 313.35

Volume (Shares)

559160.00

Total traded value

₹ 1700.68

Upper Circuit

₹ 376.00

Lower Circuit

₹ 250.70

info

GUJARAT MINERAL DEV CORP Share Price Update

As of the latest trading session, GUJARAT MINERAL DEV CORP share price is currently at ₹ 304.15, which is down by ₹ -9.20 from its previous closing. Today, the stock has fluctuated between ₹ 301.95 and ₹ 314.25. Over the past year, GUJARAT MINERAL DEV CORP has achieved a return of -27.60 %. In the last month alone, the return has been 10.86 %. Read More...

GUJARAT MINERAL DEV CORP fundamentals


  • Market cap (Cr)

    9,671.97

  • P/E Ratio (TTM)

    14.51

  • Beta

    1.66

  • Book Value / share

    193.52

  • Return on equity

    10.38%

  • EPS (TTM)

    20.96

  • Dividend yield

    3.14%

  • Net profit/quarter (Cr)

    148.72

info icon alternate text

  • Market cap (Cr)

    9,668.79

  • P/E Ratio (TTM)

    14.51

  • Beta

    1.54

  • Book Value / share

    193.52

  • Return on equity

    10.38%

  • EPS (TTM)

    20.96

  • Dividend yield

    3.14%

  • Net profit/quarter (Cr)

    148.72

info icon alternate text

GUJARAT MINERAL DEV CORP Financials

  • Key Results

  • Key Ratios

  • Balance sheet

  • Cash Flow

  • Competition

info-icon

Revenue

Net income

Particulars DEC 2024 (Values in Cr)
Revenue 653.41
Operating Expense 587.64
Net Profit 148.72
Net Profit Margin (%) 22.76
Earnings Per Share (EPS) 4.68
EBITDA 207.48
Effective Tax Rate (%) 17.53
Particulars SEP 2024 (Values in Cr)
Revenue 593.01
Operating Expense 472.71
Net Profit 129.18
Net Profit Margin (%) 21.78
Earnings Per Share (EPS) 4.07
EBITDA 204.14
Effective Tax Rate (%) 29.22
Particulars JUN 2024 (Values in Cr)
Revenue 818.13
Operating Expense 628.26
Net Profit 184.57
Net Profit Margin (%) 22.55
Earnings Per Share (EPS) 5.80
EBITDA 271.67
Effective Tax Rate (%) 26.05
Particulars MAR 2024 (Values in Cr)
Revenue 750.75
Operating Expense 566.98
Net Profit 204.12
Net Profit Margin (%) 27.18
Earnings Per Share (EPS) 6.42
EBITDA 276.64
Effective Tax Rate (%) 19.76
Particulars DEC 2023 (Values in Cr)
Revenue 564.27
Operating Expense 463.50
Net Profit 117.48
Net Profit Margin (%) 20.81
Earnings Per Share (EPS) 3.69
EBITDA 181.43
Effective Tax Rate (%) 27.03
Particulars MAR 2024 (Values in Cr)
Revenue 2462.88
Operating Expense 1917.50
Net Profit 613.59
Net Profit Margin (%) 24.91
Earnings Per Share (EPS) 19.30
EBITDA 896.01
Effective Tax Rate (%) 24.65
Particulars MAR 2023 (Values in Cr)
Revenue 3497.88
Operating Expense 2244.40
Net Profit 1201.19
Net Profit Margin (%) 34.34
Earnings Per Share (EPS) 37.77
EBITDA 1729.56
Effective Tax Rate (%) 27.01
Particulars MAR 2022 (Values in Cr)
Revenue 2732.08
Operating Expense 2151.56
Net Profit 404.28
Net Profit Margin (%) 14.79
Earnings Per Share (EPS) 12.71
EBITDA 836.13
Effective Tax Rate (%) 45.07
Particulars MAR 2021 (Values in Cr)
Revenue 1342.63
Operating Expense 1441.79
Net Profit -36.89
Net Profit Margin (%) -2.74
Earnings Per Share (EPS) -1.16
EBITDA -248.30
Effective Tax Rate (%) 89.29
Particulars MAR 2020 (Values in Cr)
Revenue 1520.95
Operating Expense 1486.37
Net Profit 145.11
Net Profit Margin (%) 9.54
Earnings Per Share (EPS) 4.56
EBITDA 296.89
Effective Tax Rate (%) 28.66
Particulars MAR 2024 (Values in Cr)
Book Value / Share 192.33
ROE % 10.37
ROCE % 12.49
Total Debt to Total Equity 0.00
EBITDA Margin 36.46
Particulars MAR 2023 (Values in Cr)
Book Value / Share 181.92
ROE % 22.71
ROCE % 28.03
Total Debt to Total Equity 0.00
EBITDA Margin 49.46
Particulars MAR 2022 (Values in Cr)
Book Value / Share 151.62
ROE % 10.03
ROCE % 15.57
Total Debt to Total Equity 0.00
EBITDA Margin 32.12
Particulars MAR 2021 (Values in Cr)
Book Value / Share 127.89
ROE % 9.38
ROCE % 1.19
Total Debt to Total Equity 0.00
EBITDA Margin 11.10
Particulars MAR 2020 (Values in Cr)
Book Value / Share 128.81
ROE % 3.48
ROCE % 4.36
Total Debt to Total Equity 0.00
EBITDA Margin 19.54
Particulars MAR 2024 (Values in Cr)
Book Value / Share 190.99
ROE % 10.38
ROCE % 12.51
Total Debt to Total Equity 0.00
EBITDA Margin 36.31
Particulars MAR 2023 (Values in Cr)
Book Value / Share 180.70
ROE % 22.81
ROCE % 28.15
Total Debt to Total Equity 0.00
EBITDA Margin 49.36
Particulars MAR 2022 (Values in Cr)
Book Value / Share 150.50
ROE % 10.10
ROCE % 15.67
Total Debt to Total Equity 0.00
EBITDA Margin 32.09
Particulars MAR 2021 (Values in Cr)
Book Value / Share 126.81
ROE % 9.43
ROCE % 1.17
Total Debt to Total Equity 0.00
EBITDA Margin 11.01
Particulars MAR 2020 (Values in Cr)
Book Value / Share 127.77
ROE % 3.48
ROCE % 4.36
Total Debt to Total Equity 0.00
EBITDA Margin 19.45
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 510.39
Total Assets 7366.85
Total Liabilities 7366.85
Total Equity 6116.00
Share Outstanding 318000000
Price to Book Ratio 1.80
Return on Assets (%) 8.37
Return on Capital (%) 10.09
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 98.07
Total Assets 6951.18
Total Liabilities 6951.18
Total Equity 5785.16
Share Outstanding 318000000
Price to Book Ratio 0.70
Return on Assets (%) 17.32
Return on Capital (%) 20.82
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 89.77
Total Assets 5882.15
Total Liabilities 5882.15
Total Equity 4821.59
Share Outstanding 318000000
Price to Book Ratio 1.26
Return on Assets (%) 7.58
Return on Capital (%) 9.25
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 267.15
Total Assets 4967.61
Total Liabilities 4967.61
Total Equity 4066.81
Share Outstanding 318000000
Price to Book Ratio 0.44
Return on Assets (%) -0.72
Return on Capital (%) -0.88
Particulars MAR 2020 (Values in Cr)
Cash & Short Term Investments 96.24
Total Assets 5210.82
Total Liabilities 5210.82
Total Equity 4248.11
Share Outstanding 318000000
Price to Book Ratio 0.25
Return on Assets (%) 3.91
Return on Capital (%) 4.8
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 488.23
Total Assets 7323.80
Total Liabilities 7323.80
Total Equity 6073.38
Share Outstanding 318000000
Price to Book Ratio 1.80
Return on Assets (%) 8.37
Return on Capital (%) 10.1
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 75.62
Total Assets 6912.10
Total Liabilities 6912.10
Total Equity 5746.29
Share Outstanding 318000000
Price to Book Ratio 0.70
Return on Assets (%) 17.37
Return on Capital (%) 20.9
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 66.16
Total Assets 5845.49
Total Liabilities 5845.49
Total Equity 4785.98
Share Outstanding 318000000
Price to Book Ratio 1.26
Return on Assets (%) 7.61
Return on Capital (%) 9.3
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 242.96
Total Assets 4932.79
Total Liabilities 4932.79
Total Equity 4032.58
Share Outstanding 318000000
Price to Book Ratio 0.44
Return on Assets (%) -0.74
Return on Capital (%) -0.91
Particulars MAR 2020 (Values in Cr)
Cash & Short Term Investments 71.15
Total Assets 5024.27
Total Liabilities 5024.27
Total Equity 4062.96
Share Outstanding 318000000
Price to Book Ratio 0.25
Return on Assets (%) 2.88
Return on Capital (%) 3.57
Particulars MAR 2024 (Values in Cr)
Net Income 814.73
Cash from Operations 342.39
Cash from Investing 238.09
Cash from Financing -364.54
Net change in Cash -17.84
Free Cash Flow 819.27
Particulars MAR 2023 (Values in Cr)
Net Income 1646.69
Cash from Operations 1379.22
Cash from Investing -786.96
Cash from Financing -137.26
Net change in Cash 8.43
Free Cash Flow 1404.18
Particulars MAR 2022 (Values in Cr)
Net Income 776.16
Cash from Operations 703.80
Cash from Investing -673.51
Cash from Financing -6.68
Net change in Cash -198.74
Free Cash Flow 742.91
Particulars MAR 2021 (Values in Cr)
Net Income -345.98
Cash from Operations 18.04
Cash from Investing 87.02
Cash from Financing -63.08
Net change in Cash 170.45
Free Cash Flow 30.30
Particulars MAR 2020 (Values in Cr)
Net Income 260.39
Cash from Operations 151.00
Cash from Investing 92.03
Cash from Financing -76.67
Net change in Cash 7.85
Free Cash Flow 161.25
Particulars MAR 2024 (Values in Cr)
Net Income 814.36
Cash from Operations 344.02
Cash from Investing 236.54
Cash from Financing -364.54
Net change in Cash -18.01
Free Cash Flow 821.27
Particulars MAR 2023 (Values in Cr)
Net Income 1645.87
Cash from Operations 1381.50
Cash from Investing -789.33
Cash from Financing -137.26
Net change in Cash 8.38
Free Cash Flow 1406.47
Particulars MAR 2022 (Values in Cr)
Net Income 776.95
Cash from Operations 705.56
Cash from Investing -675.36
Cash from Financing -6.68
Net change in Cash -198.74
Free Cash Flow 744.67
Particulars MAR 2021 (Values in Cr)
Net Income -344.46
Cash from Operations 20.82
Cash from Investing 85.43
Cash from Financing -63.08
Net change in Cash 171.80
Free Cash Flow 33.08
Particulars MAR 2020 (Values in Cr)
Net Income 203.42
Cash from Operations 164.63
Cash from Investing 81.89
Cash from Financing -76.67
Net change in Cash 10.79
Free Cash Flow 174.88
Company Name Price P/E P/B Market Cap 52 Week Low/High
ASI INDUSTRIES LIMITED 31.62 0.00 1.38 284.82 22.30 / 65.89
VEDANTA LIMITED 419.15 12.09 3.97 163903.92 362.20 / 527.00
SANDUR MANG & IRON ORES L 460.30 15.61 3.21 7458.47 338.30 / 636.15
LLOYDS METALS N ENERGY L 1202.15 43.38 9.82 62901.53 592.10 / 1477.50
Company Name Price P/E P/B Market Cap 52 Week Low/High
ASI INDUSTRIES LIMITED 34.32 10.66 1.29 309.14 22.30 / 65.89
VEDANTA LIMITED 419.15 11.50 2.17 163903.92 362.20 / 527.00
MSR INDIA LTD. 3.80 0.00 1.71 23.89 2.81 / 10.95
SANDUR MANG & IRON ORES L 460.30 15.95 3.21 7458.47 338.30 / 636.15

GUJARAT MINERAL DEV CORP Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
304.15 -2.93 redarrow
red-green-graph indicator
8 Bearish
8 Bullish
  • 5 Days 311.60
  • 26 Days 295.40
  • 10 Days 309.60
  • 50 Days 290.10
  • 12 Days 307.70
  • 100 Days 299.80
  • 20 Days 299.70
  • 200 Days 317.60
315.38 PIVOT

First Support

310.32

First Resistance

318.42

Second Support

307.28

Second Resistance

323.48

Third Support

302.22

Third Resistance

326.52

RSI

54.91

ADX

40.48

MACD

12.24

Williams % R

-42.77

Commodity Channel Index (CCI)

32.93

Date

2025-04-30

Week

319229.00

Same Day

247275.00

Month

468918.00

1 Year

1.66

3 Year

1.52

Over 1 Month

10.86%

down

Over 1 Year

-27.60%

down

Over 3 Months

-3.41%

down

Over 3 Years

20.86%

down

Over 6 Months

-17.22%

down

Over 5 Years

50.45%

down

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GUJARAT MINERAL DEV CORP shareholding pattern

  • Shareholding Summary

  • Historical Promotor Holding

  • Historical MF Holding

  • Historical FII Holding

Holding

Others
23.09%
Promoter Holdings
74.0%
FII
2.14%
DII
0.75%
Promoter Shares(Pledge Percentage)
0.0%
Name Shares Category
H E The Governor Of Gujarat 2.3532E8 (74.0%) Shareholding of Promoter and Promoter Group

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GUJARAT MINERAL DEV CORP corporate actions

  • Dividend

  • Bonus

  • Split

Dividend date Dividend amount Dividend type Record date Instrument type
22 Sep 2023 11.45 Final 25 Sep 2023 Equity shares
22 Sep 2022 4.3 Final 24 Sep 2022 Equity shares
17 Nov 2021 0.2 Final 22 Nov 2021 Equity shares
22 Dec 2020 2.0 Final 24 Dec 2020 Equity shares
20 Sep 2019 2.0 Final 24 Sep 2019 Equity shares
20 Sep 2017 3.0 Final 22 Sep 2017 Equity shares
21 Sep 2016 3.0 Final 23 Sep 2016 Equity shares
23 Sep 2015 3.0 Final 26 Sep 2015 Equity shares
18 Sep 2014 3.0 Final 20 Sep 2014 Equity shares
16 Sep 2013 3.0 Final 18 Sep 2013 Equity shares
17 Sep 2012 3.0 Final 19 Sep 2012 Equity shares
19 Sep 2011 3.0 Final 21 Sep 2011 Equity shares
17 Sep 2010 2.5 Final 21 Sep 2010 Equity shares
17 Sep 2009 2.0 Final 21 Sep 2009 Equity shares
01 Sep 2008 2.0 Final 03 Sep 2008 Equity shares
14 Sep 2007 10.0 Final 18 Sep 2007 Equity shares
13 Dec 2006 0.0 Final 15 Dec 2006 Equity shares
14 Sep 2005 0.0 Final 16 Sep 2005 Equity shares
Ex-Date Ex-Bonus Ratio
17 Oct 2008 16 Oct 2008 1:1
Ex-Date Old FV NEW FV Record Date
08 Nov 2007 10.0 2.0 16 Nov 2007

  • Dividend

  • Bonus

  • Split

Dividend date Dividend amount Dividend type Record date Instrument type
22 Sep 2023 11.45 Final 25 Sep 2023 Equity shares
22 Sep 2022 4.3 Final 24 Sep 2022 Equity shares
17 Nov 2021 0.2 Final 22 Nov 2021 Equity shares
22 Dec 2020 2.0 Final 24 Dec 2020 Equity shares
20 Sep 2019 2.0 Final 24 Sep 2019 Equity shares
20 Sep 2017 3.0 Final 22 Sep 2017 Equity shares
21 Sep 2016 3.0 Final 23 Sep 2016 Equity shares
23 Sep 2015 3.0 Final 26 Sep 2015 Equity shares
18 Sep 2014 3.0 Final 20 Sep 2014 Equity shares
16 Sep 2013 3.0 Final 18 Sep 2013 Equity shares
17 Sep 2012 3.0 Final 19 Sep 2012 Equity shares
19 Sep 2011 3.0 Final 21 Sep 2011 Equity shares
17 Sep 2010 2.5 Final 21 Sep 2010 Equity shares
17 Sep 2009 2.0 Final 21 Sep 2009 Equity shares
01 Sep 2008 2.0 Final 03 Sep 2008 Equity shares
14 Sep 2007 10.0 Final 18 Sep 2007 Equity shares
13 Dec 2006 0.0 Final 15 Dec 2006 Equity shares
14 Sep 2005 0.0 Final 16 Sep 2005 Equity shares
Ex-Date Ex-Bonus Ratio
17 Oct 2008 16 Oct 2008 1:1
Ex-Date Old FV NEW FV Record Date
08 Nov 2007 10.0 2.0 16 Nov 2007

GMDC Share Result Highlights

ParticularsSep 2024 (₹ Cr)Jun 2024 (₹ Cr)Mar 2024 (₹ Cr)Dec 2023 (₹ Cr)Sep 2023 (₹ Cr)
Revenue₹593.01 Cr₹818.13 Cr₹750.75 Cr₹564.27 Cr₹382.74 Cr
Operating Expense₹472.71 Cr₹628.26 Cr₹566.98 Cr₹463.50 Cr₹348.60 Cr
Net Profit₹129.18 Cr₹184.57 Cr₹204.12 Cr₹117.48 Cr₹76.46 Cr
Net Profit Margin (%)21.78%22.55%27.18%20.81%19.97%
EPS₹4.07₹5.80₹6.42₹3.69₹2.40
EBITDA₹204.14 Cr₹271.67 Cr₹276.64 Cr₹181.43 Cr₹130.09 Cr
Effective Tax Rate (%)29.22%26.05%19.76%27.03%31.20%

Key Highlights

  • GMDC has shown consistent revenue growth with a significant increase in net profit in Q1 FY 2024-25.
  • The net profit margin has fluctuated between 19.97% and 27.18%, showcasing the company's profitability.
  • Earnings Per Share (EPS) have increased from ₹2.40 in Sep 2023 to ₹4.07 in Sep 2024, reflecting improved performance.
  • EBITDA has steadily risen, indicating strong operational efficiency.
  • The effective tax rate saw a decline in the most recent quarter, contributing to higher net profit.
  • For investors, the GMDC share price reflects these positive financial results and growth trends.

GMDC Share Annual Reports

ParticularsMar 2024 (₹ Cr)
Revenue₹2462.88 Cr
Operating Expense₹1917.50 Cr
Net Profit₹613.59 Cr
Net Profit Margin (%)24.91%
EPS₹19.30
EBITDA₹896.01 Cr
Effective Tax Rate (%)24.65%

Key Highlights

  • In FY 2023-24, GMDC reported robust financial performance with a net profit of ₹613.59 Cr.
  • The net profit margin stood at 24.91%, reflecting the company’s profitability.
  • GMDC's EPS for the year was ₹19.30, indicating strong earnings per share.
  • Revenue for FY 2024 amounted to ₹2462.88 Cr, supported by consistent operational growth.
  • The Gujarat Mineral Development Corporation share price has been impacted by these strong fundamentals.

GMDC Share Dividend

DateDividend Amount (₹)Dividend TypeRecord DateInstrument Type
22 Sep 2023₹11.45Final25 Sep 2023Equity Shares
22 Sep 2022₹4.3Final24 Sep 2022Equity Shares
17 Nov 2021₹0.2Final22 Nov 2021Equity Shares
22 Dec 2020₹2Final24 Dec 2020Equity Shares

Key Highlights

  • GMDC has been consistent with its dividend payouts, with a final dividend of ₹11.45 per share declared in September 2023.
  • The company maintains a healthy dividend yield of 2.74%, making it an attractive option for income-focused investors.
  • The Gujarat Mineral Development Corporation share price has been positively correlated with these strong dividend payouts.
  • Over the past few years, GMDC has regularly provided dividends, enhancing shareholder returns.

Popular FAQs

1. Who is the CEO of Gujarat Mineral Development Corporation Ltd?

The Managing Director of Gujarat Mineral Development Corporation Ltd (GMDC) is Roopwant Singh. He plays a key role in overseeing the operations and strategic decisions of GMDC, a state-owned mining and mineral processing company in Gujarat, India. GMDC is one of the largest mining companies in India, and under Roopwant Singh's leadership, the company continues to thrive in producing and selling various minerals, including lignite, bauxite, fluorspar, and manganese ore.

 

2. When was Gujarat Mineral Development Corporation Ltd established?

Gujarat Mineral Development Corporation Ltd (GMDC) was established on May 15, 1963, by the Government of Gujarat. Since its inception, GMDC has grown to become a leading player in the mining and mineral processing industry, contributing significantly to the state's economy and the country's mineral resources.

 

3. What factors influence the GMDC Share Price?

Several factors influence the GMDC share price, including global coal prices, the demand for lignite in Gujarat, and the company’s revenue and profit growth. The ongoing Russia-Ukraine war has pushed coal prices higher, which impacts GMDC’s pricing and profitability. Additionally, GMDC’s low debt levels, strong revenue growth, and healthy profit margins contribute to its financial stability, thus affecting the Gujarat Mineral Development Corporation share price. The company's dividend payout and market performance also influence investor sentiment.

 

4. Is Gujarat Mineral Development Corporation Ltd debt-free?

Yes, Gujarat Mineral Development Corporation Ltd (GMDC) is essentially debt-free and has maintained this position for the past five years. GMDC’s low debt levels indicate a solid financial standing, enhancing its credibility and stability in the market. This debt-free status is one of the key factors contributing to the company’s ability to maintain a strong financial position and continue with its investments in the mining sector.

 

5. What is the CAGR of GMDC Share? How has the GMDC Share Price performed over the past year?

The compound annual growth rate (CAGR) of the GMDC share price has been quite strong over the last five years, with a growth of 44%. However, the performance of GMDC share price over the past year has seen a decline of -16.11%, reflecting some challenges for the company, including a decrease in profit after tax (PAT) and a drop in market conditions. Over the last month, GMDC share price has decreased by -6.79%, and over the last six months, it has declined by -11.99%. Despite these declines, GMDC's revenue growth and profit growth over the past few years have remained positive, indicating long-term potential for recovery.

GUJARAT MINERAL DEV CORP Share Price

Gujarat Mineral Development Corporation Limited (GMDC), established by the Government of Gujarat, in May, 1963, is a mining and mineral processing company in India. The company is the largest merchant seller of Lignite in India. The company produces lignite, bauxite, calcined bauxite, fluorspar and manganese ore. They are also engaged in the generation of power. The company offers lignite for various industrial units, including textiles, chemicals, ceramics, bricks, and captive power.

Lignite mining is the main operation of the company. GMDC currently has 6 operational Lignite mines with annual production capacity of 90 Lac Tonne per Annum (LTPA). The mines are located in Kutch, South Gujarat and Bhavnagar region.

GMDC's Bauxite mines are located in the districts of Kutch as well as Devbhoomi Dwarka in Gujarat. The Bauxite deposits of Gujarat are clustered deposits with numerous pocket deposits present in near-by vicinity.

The company commenced their operations; with small sand crushing plant at Surendranagar, which supplied graded sand to consumers all over the State. The sand was used by various manufacturers of sodium silicate and glass industries.

In the year 1968, the company commenced their next project, which was beneficiation of fluorspar, a rare mineral essential for basic industries, like refining of steel manufacturing of aluminium, hydrochloric acid, foundry flux and welding electrodes among others. In the early 70's the company commenced mining of lignite in Kutch district. In the year 1984, the company started mining operations at Rajpardi near Ankleshwar. They supplied lignite to majority of the textile industries from this mine.

In October 1997, the Government of Gujarat came out with an offer for sale of 82,68,000 equity shares of Rs 10 each at Rs 140 thereby diluting their stake to 74%. The Government intends to disinvest further equity in a period of 24 months so as to bring down their holding in GMDC to 49%-51%.

During the year 2004-05, the company commenced their operations in the mine at village Tadkeshwar in Surat district, which was leased by the company. The company commissioned the Sea Water Intake System, Desalination Plant, Fuel Oil Handling System, Cooling Water System and Air Compressor System & Other Auxiliary Systems.

During the year 2004-05, the company signed a MoU with RBG Minerals Industries, Udaipir for developing the Ambaji Group Mining and a concentration project. In December 15, 2004, the company completed the refractory dry out procedure of the Boiler Unit I lead to light up of the Boiler by oil. After the light up, steam blowing activities were undertaken and the first unit was successfully synchronized with GEB Grid on March 31, 2005.

During the year 2005-06, after commissioning of the Material Handling System, the first unit was taken on Lignite Trials and successfully reached its rated capacity of 125 MW by end of October 2005. The second unit was lighted up on October 10, 2005 and was successfully synchronized with the Grid on December 12, 2005. Lignite dispatch from Tadkeshwar started from March 2006 on commercial basis During the year 2006-07, the company executed a MoU with Gokul Refoils & Solvents Ltd for setting up of 125 MW captive power plant based on lignite from Tadkeshwar mine. Also, they executed a MoU with Jaypee Associates Ltd, New Delhi, for setting up a 2.4 MTPA cement plant based on limestone.

During the year, the company entered into a joint venture with Gujarat Power Corporation and formed a company namely, Bhavnagar Energy Company Ltd for 500 MW lignite based power plant at Bhavnagar. The unit 2 of power projects at Nani-Chher started commercial operation from May 1, 2005 and the unit 1 was commercialized from March 12, 2007.

During the year 2007-08, the company signed a MoU with Aluchem Inc, USA for setting up of 1 million TPA capacity Alumina based chemicals and speciality products based on Bauxite deposits. Also, the company was granted work permit by the Government of Gujarat for lifting of 1 lakh MT of Manganese Waste Dump from Shivrajpur in Baroda.

In September 2007, the company started mining production in Amod Lignite Mine near Rajpardi. The mining operations in Bhavnagar mine were commenced in April 2008 and the lignite production is expected to start from September-October 2008.




GMDC started operations in Umarsar Lignite Mine and Mevasa Bauxite Mine in FY 2014-15 that added further value to company's mining business.

During the year ended 31 March 2016, GMDC commenced setting up of another 50 MW of wind power among which 4 MW has already been commissioned.

The power generations of GMDC's Akrimota Thermal Power Station (ATPS) had crossed 1400 million units for the first time in FY 2016. These improvements in continuous generation were attributed mainly to the fast response time to any breakdowns by M/s KEPCO (Korea Electric Power Corporation) and addressing various technical shortfalls by timely procurement of spares.

To implement the project for setting up 125 MW Power plant in Joint Venture between GMDC and M/s. Gokul Refoils & Solvents Limited, a JVC under the name of M/s. Gujarat Gokul Power Limited was incorporated. The required land for the project was purchased and related project activities will be started.

GMDC started bauxite mining operations at its Mewasa Bauxite Mines in Devbhoomi Dwarka district of Gujarat from 28 April 2015. The annual production capacity of this mine is 1.25 lakh MT.

During the year ended 31 March 2017, GMDC's Akrimota Thermal Power Station has turned around and performed very well by producing 1392 MUs having 63.6% PLF. During the year under review, GMDC completed setting up of another 50 MW of wind power.

Manganese oxide, manganese dioxide and manganese sulphate plants set by Aikya Chemicals Private Limited JVC has been commissioned and production will start soon. GMDC invested Rs. 2.5898 crore as equity in the company during the year under report.

GMDC's Akrimota Thermal Power Station (ATPS) generated 446.267 Million Units with 82.64 % PLF in Q4 of FY 17-18 which is ever highest quarterly power generation. Also in month of March 2018, power generation remained 155.242 Million Unit with 83.46 % PLF, which is also ever highest monthly Power generation in ATPS.

During the year 2017-18, GMDC completed about 35,000 meters of core drilling within allotted Panandhro Extension & Bharkhandam lignite blocks and established about 55 mt of lignite and about 1250 mt of cement grade limestone deposit in western Kutch region. Similarly, GMDC also completed about 20,000 meters of core drilling in Ghala Lignite Block in Surat district and established lignite reserves of the order of 21 million tones. In addition, GMDC also carried out geological mapping with help of satellite images & GIS technology over possible bauxite & laterite bearing areas in Kutch and established additional bauxite bearing areas for stage - II exploration.

During the year 2018-19, the Company operated six lignite mines, namely, Panandhro, Mata-No-Madh, Rajpardi, Tadkeshwar, Bhavnagar and Umarsar Lignite Mines. During the year under review, 91.90 lakh MT of lignite were produced from these mines.

In the Financial year 2018-19, Company sold 1,11,560.60 MT of (<52% Al2O3) Non Plant Grade Bauxite along with 6,636.93 MT of mine dust from Gadhsisa Group of mine, District Kutch.

In the Financial year 2018-19, Company sold 5,125.48 MT (> 52% Al2O3) Plant Grade Bauxite and 54,513.74 MT of (<52% Al2O3) Non Plant Grade Bauxite from Mevasa Mine, District Devbhoomi Dwarka.

In the Financial year 2018-19, Company sold 48,713.68 MT of Sub grade Manganese Ore from Waste dump of Shivrajpur Project, District Panchmahal.

During the year 2018-19, Bhavnagar Energy Company Ltd. has been merged with Gujarat State Electricity Corporation Ltd. vide Notification dated 27th August 2018 issued by Energy and Petrochemicals Department, Government of Gujarat. GMDC has been given one share of GSECL of Rs 10/- fully paid against the total investment of Rs 29,765 lakh in 29,76,50,000 equity shares of BECL of Rs 10 each, fully paid.

In 2019-20, the Company operated five lignite mines, namely, Mata-No-Madh, Rajpardi, Tadkeshwar, Bhavnagar and Umarsar. Manganese Oxide, Manganese dioxide and Manganese Sulphate plant set by JVC was commissioned.

In 2022, the Company ventured into the harnessing of wind energy. A 200 MW wind turbine was commissioned at Kutch, Porbandar, Devbhumi Dwarka, Jamnagar, Rajkot and Bhavnagar in 2022.

In 2023, the Company started refurbishing of 250 MW Akrimota thermal power plant at Nani Chher, with a reported plant load factor of 38%. GMDC got two coal blocks at Odisha - the Burapahar Block in Sundargarh district with a geological reserve of 548 MT; and the Baitarani (West) Block in Angul district of Odisha with a geological reserve of 1,097 MT.

Parent organization State Government - Gujarat
NSE symbol GMDCLTD
Founded 1963
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Board Of Directors

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Joel Evans

Company Sec. & Compli. Officer

Nitin Shukla

Non-Exec. & Independent Dir.

S B Dangayach

Non-Exec. & Independent Dir.

Shailesh Gandhi

Non-Exec. & Independent Dir.

Gauri Kumar

Non-Exec. & Independent Dir.

Roopwant Singh

Managing Director

Hasmukh Adhia

Chairman (Non-Executive)

S J Haider

Non Executive Director

Arti Kanwar

Non Executive Director

Rajinder Khanna

Addtnl Independent Director

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Frequently Asked Questions

What is the Share Price of Gujarat Mineral Development Corporation Ltd?

Answer Field

The share price of Gujarat Mineral Development Corporation Ltd for NSE is ₹ 304.15 and for BSE is ₹ 304.05.

What is the Market Cap of Gujarat Mineral Development Corporation Ltd?

Answer Field

The market cap of Gujarat Mineral Development Corporation Ltd for NSE is ₹ 96,71.97 Cr. and for BSE is ₹ 96,68.79 Cr. as of now.

What is the 52 Week High and Low of Gujarat Mineral Development Corporation Ltd?

Answer Field

The 52 Week High and Low of Gujarat Mineral Development Corporation Ltd for NSE is ₹ 452.95 and ₹ 226.59 and for BSE is ₹ 452.95 and ₹ 226.20.

How to Buy Gujarat Mineral Development Corporation Ltd share?

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You can trade in Gujarat Mineral Development Corporation Ltd shares with Bajaj Broking by opening a Demat Account.

What is 1 year return for Gujarat Mineral Development Corporation Ltd?

Answer Field

The 1 year returns on the stock has been -27.60%.

What is the Current Share Price of Gujarat Mineral Development Corporation Ltd?

Answer Field

Gujarat Mineral Development Corporation Ltd share price is for NSE ₹ 304.15 & for BSE ₹ 304.05 as on Apr 30 2025 03:30 PM.

What is the Market Cap of Gujarat Mineral Development Corporation Ltd Share?

Answer Field

The market cap of Gujarat Mineral Development Corporation Ltd for NSE ₹ 96,71.97 & for BSE ₹ 96,68.79 as on Apr 30 2025 03:30 PM.

What is the P/E Ratio of Gujarat Mineral Development Corporation Ltd Share?

Answer Field

As on Apr 30 2025 03:30 PM the price-to-earnings (PE) ratio for Gujarat Mineral Development Corporation Ltd share is 14.51.

What is the PB ratio of Gujarat Mineral Development Corporation Ltd Share?

Answer Field

As on Apr 30 2025 03:30 PM, the price-to-book (PB) ratio for Gujarat Mineral Development Corporation Ltd share is 193.52.

How to Buy Gujarat Mineral Development Corporation Ltd Share?

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You can trade in Gujarat Mineral Development Corporation Ltd shares with Bajaj Broking by opening a demat account.

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To buy Gujarat Mineral Development Corporation Ltd shares on the Bajaj Broking app, follow these steps:

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Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403. 

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RESEARCH DISCLAIMER

Broking services offered by Bajaj Financial Securities Limited | Registered Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035 | Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014 | CIN: U67120PN2010PLC136026 | Research Analyst SEB I Registration No: INH000010043.

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Email: compliance_sec@bajajbroking.in
Contact No.: 020-4857 4486 

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Disclosures under the provisions of SEBI (Research Analysts) Regulations 2014 (Regulations) 

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. This research report has been prepared and distributed byBajaj Financial Securities Limited in the capacity of a Research Analyst as per Regulation 22(1) of SEBI (Research Analysts) Regulations 2014 having SEBI Registration No. INH000010043. 

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Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

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Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at https://www.nseindia.com/

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : https://www.bajajbroking.in/pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

MARKETSMITH / GOLDENPI / SOVEREIGN GOLD BONDS

Bajaj Financial Securities Limited is only distributor of this product. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism. Bajaj Financial Securities Limited is not a registered Investment Advisory. User discretion is required before investing. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever. 

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites. 

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.