
GMDCLTD - Gujarat Mineral Development Corpora Share Price
Minerals & Mining
Valuation | |
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Market Cap | 13.06 kCr |
Price/Earnings (Trailing) | 19.63 |
Price/Sales (Trailing) | 4.16 |
EV/EBITDA | 13.49 |
Price/Free Cashflow | 31.45 |
MarketCap/EBT | 15 |
Enterprise Value | 13.07 kCr |
Fundamentals | |
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Revenue (TTM) | 3.14 kCr |
Rev. Growth (Yr) | -7.7% |
Earnings (TTM) | 665.51 Cr |
Earnings Growth (Yr) | -11% |
Profitability | |
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Operating Margin | 28% |
EBT Margin | 28% |
Return on Equity | 10.38% |
Return on Assets | 8.59% |
Free Cashflow Yield | 3.18% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | -0.10% |
Price Change 1M | 0.90% |
Price Change 6M | 31.2% |
Price Change 1Y | 10.1% |
3Y Cumulative Return | 36.4% |
5Y Cumulative Return | 58.4% |
7Y Cumulative Return | 19.6% |
10Y Cumulative Return | 16.3% |
Cash Flow & Liquidity | |
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Cash Flow from Investing (TTM) | -808.13 Cr |
Cash Flow from Operations (TTM) | 1.06 kCr |
Cash Flow from Financing (TTM) | -183.14 Cr |
Cash & Equivalents | 118.86 Cr |
Free Cash Flow (TTM) | 415.35 Cr |
Free Cash Flow/Share (TTM) | 13.06 |
Balance Sheet | |
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Total Assets | 7.75 kCr |
Total Liabilities | 1.34 kCr |
Shareholder Equity | 6.41 kCr |
Current Assets | 2.49 kCr |
Current Liabilities | 527.77 Cr |
Net PPE | 999.56 Cr |
Inventory | 91.33 Cr |
Goodwill | 0.00 |
Capital Structure & Leverage | |
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Debt Ratio | 0.02 |
Debt/Equity | 0.02 |
Interest Coverage | 434.52 |
Interest/Cashflow Ops | 530.68 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 21 |
Dividend Yield | 2.19% |
Shares Dilution (1Y) | 0.00% |
Shares Dilution (3Y) | 0.00% |
Risk & Volatility | |
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Max Drawdown | -27.7% |
Drawdown Prob. (30d, 5Y) | 51.15% |
Risk Level (5Y) | 50.1% |
Summary of Latest Earnings Report from Gujarat Mineral Development Corpora
Summary of Gujarat Mineral Development Corpora's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
The management outlined an optimistic growth trajectory focusing on lignite, coal, and critical minerals. Key points include:
Volume Targets: Targeting over 9 million tons of lignite in FY25, aiming for 15 million tons annually by 2030. Coal production from Odisha's Baitarani-West block is expected to start in early FY26, with eventual annual capacity of 26 million tons across three blocks.
Expansion Strategy: Diversification into coal (aggressive development in Odisha) and critical minerals (Rare Earth, multi-metals). Rare Earth projects (3-year horizon) and multi-metal mining (1.5"“22-year mine life, 40%+ margins) are prioritized.
Capex Plans: INR 3,000+ crores annually through FY30, funded via internal accruals and controlled debt (debt-equity ratio below 1). Focus on lignite expansion, coal block activation, and critical minerals.
Power Plant Revival: Akrimota Thermal Plant (250 MW) to resume operations post-overhaul by December 2024, targeting profitability in FY25 through revised PPA and outsourced O&M.
Strategic Goals: "Mission 18.0" (selling 18 lakh tons of lignite in monsoon 2024) and "Mission 2000" (expanding active customers to 2,000+).
Long-Term Vision: Quadrupling revenue by 2030, with balanced contributions from lignite, coal, and critical minerals.
Overall, management emphasized volume-driven growth, operational efficiency, and strategic diversification to drive long-term value.
Last updated:
Question 1: What are GMDC's volume targets for FY25 and FY26, given Tadkeshwar's revival? What is the rationale for coal mining in Odisha, and what is the progress on multi-metal and Rare Earth projects?
GMDC targets over 9 million tons of lignite in FY25, aiming to improve further in FY26. The Odisha coal blocks were chosen for strategic growth, with production expected to start in early FY26 after land acquisition and approvals. The multi-metal project awaits regulatory clarity before mine development tenders, while Rare Earth projects (Ambadongar) are advancing, with GMDC as the preferred allottee.
Question 2: How is GMDC transforming its business beyond lignite, and what growth is expected in core operations over 3"“4 years?
GMDC's 2030 plan aims to quadruple revenues, with lignite remaining a core driver (targeting 15 million tons annually by 2030). New ventures like coal and critical minerals (Rare Earths, multi-metal) will diversify revenue, targeting equal contributions from lignite, coal, and minerals by 2030.
Question 3: What are GMDC's lignite pricing strategies and margin expectations?
Lignite pricing is benchmarked to imported coal, with current margins around 30%. Focus remains on volume growth, customer expansion (Mission 2000), and monsoon sales (Mission 18.0 targeting 1.8 million tons in Q2). Margins are expected to remain stable.
Question 4: When will coal projects contribute to revenue, and what are the capex plans?
Odisha's Baitarani-West coal block targets groundbreaking in Q1 FY26, with production starting soon after (low stripping ratio). Capex is INR 3,000+ crore annually, funded via internal accruals and debt (debt-equity ratio <1). Coal revenue is expected from FY26 onward.
Question 5: What is the status of Akrimota Thermal Power Station (ATPS) post-PPA amendment?
ATPS (250 MW) is under overhaul, with operations to resume by December 2024. Revised PPA terms and outsourced O&M contracts aim to turn it profitable by FY25.
Question 6: What is the revenue target from non-lignite sources under Project Shikhar?
By 2030, revenues are projected to quadruple, with coal and critical minerals each contributing ~33% alongside lignite. Rare Earth and multi-metal projects are pivotal, with production expected in 3+ years.
Question 7: What return metrics guide coal block investments, and how is capex financed?
Coal projects target 15% IRR (minimum 12%). Capex (INR 3,000+ crore annually) leverages internal accruals and controlled debt, ensuring debt-equity ratio stays below 1.
Question 8: What are the copper deposit details in multi-metal projects?
The copper-lead-zinc deposit has 1.5"“1.75% copper content, 10% total metal content, and a 15"“22-year mine life. Margins exceed 40%, with mine operationalization timelines pending regulatory clarity.
Question 9: How will Mission 18.0 and Mission 2000 boost sales?
Mission 18.0 aims to sell 1.8 million tons of lignite in monsoon 2024 (vs. 0.6 million in 2023). Mission 2000 targets expanding active customers to 2,000+ to drive volume growth.
Question 10: How does GMDC plan to leverage critical mineral policies?
GMDC is focusing on Rare Earths and multi-metal projects, aligning with national critical mineral strategies. Ambadongar Rare Earths and copper assets are key priorities, with updates expected in late FY25.
Revenue Breakdown
Analysis of Gujarat Mineral Development Corpora's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Jun 30, 2025
Description | Share | Value |
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Mining | 93.5% | 685.2 Cr |
Power | 6.5% | 47.4 Cr |
Total | 732.6 Cr |
Share Holdings
Understand Gujarat Mineral Development Corpora ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
Shareholder Name | Holding % |
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H.E.Governor of Gujarat | 74% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is Gujarat Mineral Development Corpora Better than it's peers?
Detailed comparison of Gujarat Mineral Development Corpora against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
COALINDIA | Coal India | 2.3 LCr | 1.49 LCr | -1.60% | -25.10% | 6.93 | 1.54 | - | - |
HINDZINC | Hindustan Zinc | 1.78 LCr | 34.72 kCr | -5.40% | -31.80% | 17.36 | 5.12 | - | - |
HINDALCO | Hindalco Industries | 1.51 LCr | 2.41 LCr | -1.80% | +11.80% | 9.33 | 0.63 | - | - |
NATIONALUM | National Aluminium Co. | 34.4 kCr | 17.14 kCr | -2.50% | +8.30% | 6.53 | 2.01 | - | - |
SARDAEN | Sarda Energy & Minerals | 15.48 kCr | 5.53 kCr | +24.60% | +116.60% | 16.55 | 2.8 | - | - |
Sector Comparison: GMDCLTD vs Minerals & Mining
Comprehensive comparison against sector averages
Comparative Metrics
GMDCLTD metrics compared to Minerals
Category | GMDCLTD | Minerals |
---|---|---|
PE | 19.63 | 13.07 |
PS | 4.16 | 2.71 |
Growth | 12.7 % | 8.8 % |
Performance Comparison
GMDCLTD vs Minerals (2021 - 2025)
- 1. GMDCLTD is among the Top 3 Industrial Minerals companies by market cap.
- 2. The company holds a market share of 8% in Industrial Minerals.
- 3. In last one year, the company has had an above average growth that other Industrial Minerals companies.
Income Statement for Gujarat Mineral Development Corpora
Balance Sheet for Gujarat Mineral Development Corpora
Cash Flow for Gujarat Mineral Development Corpora
What does Gujarat Mineral Development Corpora do?
Gujarat Mineral Development Corporation Limited engages in mining and mineral processing business in India. It operates through two segments, Mining and Power. The company explores for lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay. The company's products used in the textile, chemical, calcium silicate brick, captive power, hydrofluoric acid, water purifying, glass, ceramic whiteware, sanitary ware, oil and water well drilling, clinker and cement, aluminum, iron, steel, gasoline, insulating foam, refrigerant, uranium fuel, sport field and gold course, water filtration, metal casting, paint and coating, construction and engineering, and industrial abrasive industries, as well as cupola units, Bauxite value addition plants, and foundries. Its products are also used in the electricity and synthetic natural gas generation, agriculture, mining and refining, transportation, hydrofluoric acid, refrigerant gas, flux in metallurgical, tableware, quick and hydrated lime, limestone tile and slab, wall cladding, vanity top, and synthetic foundry moulding catalyst sectors. The company also generates power using thermal, wind, and solar resources. Gujarat Mineral Development Corporation Limited was incorporated in 1963 and is based in Ahmedabad, India.