Gujarat Mineral Development Corporation Ltd.

NSE: GMDCLTD · Metals & Mining

₹463.70-1.21%06 Nov 2026

Ask the data

Instant answers about Gujarat Mineral Development Corporation Ltd. — computed from its filings, no language model

Market cap₹14,746 cr

Current price₹463.70

High / Low₹747 / ₹412

P/E45.1

P/B2.08

Book value₹223.1

ROE4.6%

ROCE12.1%

Debt / equity0.05

Dividend yield2.18%

EPS (TTM)₹10.29

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY22	FY23	FY24	FY25	FY26
Revenue	1,521	2,732	3,501	2,463	2,851	2,653
EBITDA	183	679	1,348	626	639	444
Operating margin	12.0%	24.8%	38.5%	25.4%	22.4%	16.7%
Interest	2	2	2	3	2	7
Depreciation	92	98	81	79	95	115
Profit before tax	260	735	1,658	815	896	1,268
Tax	58	332	445	201	209	311
Net profit	0	0	1,216	0	0	957
EPS ₹	6.42	12.74	38.23	19.41	21.57	30.08
Operating cash flow	—	-215	932	109	1,059	744
Capex	—	41	24	477	644	1,034
Dividend paid	—	6	137	364	304	321
Total assets	5,916	—	6,921	7,367	7,750	8,983
Equity	4,767	—	5,798	6,116	6,412	7,073

Quarterly performance

last 27 quarters · ₹ crore

showing latest 8 of 27 periods

	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	340	412	240	204	329	498	452	725	1,057	1,155	539	855	952	766	383	564	751	818	593	653	786	733	528	579	814	907	903
Operating profit	12	31	-1	-2	-39	31	27	201	420	441	171	336	401	247	53	121	205	211	141	92	194	169	69	101	104	191	190
Operating margin	3.6%	7.6%	-0.4%	-1.0%	-11.7%	6.2%	5.9%	27.8%	39.7%	38.1%	31.8%	39.2%	42.1%	32.2%	13.8%	21.5%	27.4%	25.8%	23.8%	14.1%	24.6%	23.1%	13.2%	17.4%	12.8%	21.1%	21.1%
Other income	40	56	36	34	41	35	43	40	40	48	53	57	237	61	77	60	72	60	62	114	118	78	108	101	155	76	84
Interest	0	1	0	1	0	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	0	1	1	1	5	7	7
Depreciation	22	24	22	22	23	21	20	21	36	21	19	21	20	19	18	20	21	21	21	26	27	22	22	22	49	33	33
Profit before tax	29	63	13	9	-21	44	49	219	423	466	204	370	616	288	111	161	255	249	182	180	285	224	630	179	235	227	235
Tax	1	22	-124	-2	-17	7	8	70	247	122	53	104	165	72	35	44	50	65	53	32	59	61	164	46	41	64	63
Net profit	0	0	136	12	0	0	0	0	0	0	0	266	452	0	75	117	0	243	128	148	0	164	466	133	194	0	0
EPS ₹	0.89	1.28	4.28	0.38	-0.09	1.19	1.27	4.71	5.57	10.85	4.76	8.37	14.22	6.88	2.35	3.67	6.51	5.79	4.02	4.64	7.12	5.15	14.65	4.18	6.10	5.14	5.37
Revenue YoY	—	—	—	—	-3.1%	107.5%	121.4%	120.1%	—	131.8%	19.3%	18.1%	-10.0%	-33.7%	-29.0%	-34.0%	-21.1%	6.9%	54.9%	15.8%	4.7%	-10.5%	-11.0%	-11.4%	3.5%	23.8%	71.2%
Profit YoY	—	—	—	—	—	-100.0%	-100.0%	—	—	—	—	—	—	—	—	-56.1%	-100.0%	—	71.4%	26.4%	—	-32.7%	264.3%	-9.9%	—	-100.0%	-100.0%

Earlier results (standalone, Sep '07 – Sep '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Gujarat Mineral Development Corporation Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	988	1,065	1,415	1,632	1,675	1,290	1,419	1,189	1,571	2,146	1,967
Operating profit	451	484	654	762	886	615	522	324	419	629	648
Operating margin	45.7%	45.5%	46.2%	46.7%	52.9%	47.7%	36.8%	27.2%	26.7%	29.3%	32.9%
Other income	50	36	39	72	155	140	143	144	179	44	55
Interest	54	26	15	8	—	—	—	0	1	2	2
Depreciation	78	89	93	108	117	125	137	131	151	114	96
Profit before tax	370	406	585	718	904	630	527	337	446	557	307
Tax	134	126	210	231	303	190	26	97	122	122	169
Net profit	236	280	375	487	601	439	500	240	324	435	139

Quarters

showing latest 8 of 49 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†	SEP '19†
Revenue	181	257	322	273	135	264	316	273	177	270	346	342	249	360	463	467	244	384	537	497	382	353	443	370	175	291	453	424	268	326	400	317	248	266	359	399	248	380	544	583	370	529	664	672	326	439	530	505	264
Operating profit	96	148	149	136	57	142	115	138	74	114	158	176	111	163	204	252	105	159	246	268	217	176	224	171	72	124	247	196	73	126	127	100	73	63	87	139	66	66	149	183	125	154	167	282	108	89	169	114	28
Operating margin	52.7%	57.4%	46.2%	50.0%	42.2%	54.0%	36.5%	50.6%	42.1%	42.3%	45.6%	51.6%	44.6%	45.2%	44.0%	53.9%	43.0%	41.4%	45.8%	54.1%	56.9%	49.8%	50.6%	46.3%	41.1%	42.7%	54.5%	46.3%	27.4%	38.6%	31.6%	31.7%	29.5%	23.8%	24.3%	34.8%	26.5%	17.4%	27.3%	31.4%	33.9%	29.1%	25.1%	42.0%	33.0%	20.3%	31.9%	22.5%	10.4%
Other income	9	24	14	14	9	5	22	7	9	12	8	5	6	6	22	10	15	24	24	20	62	40	34	38	30	40	31	32	35	31	46	40	42	34	29	48	58	45	28	26	7	4	8	2	6	7	40	35	39
Interest	17	16	21	15	14	13	12	9	7	6	5	4	3	3	5	2	2	2	1	—	—	—	—	—	—	—	—	—	—	—	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0
Depreciation	32	35	4	24	24	24	7	19	20	17	32	22	25	16	29	25	26	25	32	30	30	30	28	29	31	32	32	29	30	30	48	31	31	31	38	32	34	42	44	39	37	38	1	28	17	23	28	23	22
Profit before tax	56	121	139	112	29	111	119	117	57	103	129	156	88	150	191	234	91	156	237	259	250	166	230	180	72	132	245	198	78	127	123	110	83	66	78	155	90	68	133	170	95	119	173	256	-202	73	180	124	44
Tax	14	27	75	39	10	36	48	37	19	32	39	51	32	48	79	81	28	44	78	88	81	54	80	62	26	49	54	68	23	48	-112	36	16	18	27	40	17	21	43	27	-18	41	73	70	21	22	56	29	6
Net profit	42	93	64	72	19	75	71	80	38	71	90	105	56	101	113	153	63	112	159	171	169	112	149	119	46	82	192	131	55	80	235	74	68	48	51	115	73	47	90	143	113	79	100	187	-222	50	124	96	39
EPS ₹	13.13	5.86	4.01	4.55	1.17	2.35	2.22	2.52	1.20	2.24	2.85	3.29	1.76	3.19	3.55	4.81	1.97	3.54	4.99	5.36	5.31	3.53	4.69	3.73	1.46	2.59	6.03	4.11	1.73	2.51	3.96	2.31	2.12	1.51	1.60	3.61	2.29	1.46	2.83	4.49	3.55	2.47	3.15	5.87	-6.99	1.58	3.90	3.01	1.21
Revenue YoY	—	—	—	—	-25.3%	2.5%	-1.9%	0.1%	30.6%	2.3%	9.3%	25.2%	41.0%	33.6%	34.0%	36.6%	-2.0%	6.5%	15.9%	6.3%	56.6%	-8.0%	-17.6%	-25.5%	-54.1%	-17.7%	2.4%	14.5%	53.0%	12.2%	-11.7%	-25.3%	-7.6%	-18.6%	-10.3%	26.1%	-0.0%	43.1%	51.4%	46.0%	49.5%	39.0%	22.1%	15.3%	-12.0%	-17.0%	-20.1%	-24.9%	-18.9%
Profit YoY	—	—	—	—	-55.4%	-19.9%	10.8%	10.8%	104.1%	-4.7%	28.2%	30.7%	46.8%	42.5%	24.5%	46.2%	12.2%	10.8%	40.8%	11.4%	169.6%	-0.2%	-5.9%	-30.4%	-72.6%	-26.7%	28.5%	10.0%	19.0%	-3.2%	22.5%	-43.7%	22.4%	-39.9%	-78.3%	56.1%	7.9%	-2.9%	76.5%	24.5%	55.2%	68.8%	11.2%	30.7%	-296.7%	-35.9%	23.9%	-48.7%	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	SEP '20	DEC '20	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	3.1%	3.1%	0.0%	0.0%	0.0%	5.2%	12.4%	12.4%	13.6%	11.1%	3.1%	7.1%	7.9%	8.4%	8.1%	6.9%	11.6%	11.3%	13.5%	11.2%	4.6%
ROCE	2.4%	1.4%	18.1%	28.5%	25.6%	28.6%	28.6%	25.6%	23.9%	20.3%	13.4%	12.7%	13.7%	14.0%	13.7%	13.4%	18.9%	18.9%	17.3%	17.4%	12.1%
Net margin	12.4%	12.5%	0.0%	0.0%	0.0%	7.4%	20.5%	23.1%	26.8%	24.2%	7.8%	17.3%	17.9%	18.4%	18.2%	15.9%	28.8%	29.0%	36.1%	28.0%	10.2%
EBITDA margin	3.4%	-0.9%	24.8%	32.1%	35.5%	37.9%	38.5%	37.1%	35.0%	30.8%	25.4%	23.5%	24.9%	23.1%	22.4%	21.6%	19.4%	20.3%	16.7%	16.5%	18.3%
Debt / equity	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.02	0.04	0.04	0.04	0.04	0.05
Interest coverage	55.37	29.83	344.57	527.16	589.80	427.73	481.24	430.78	404.83	521.46	280.98	256.27	267.39	261.77	411.90	436.52	706.18	709.80	178.65	97.02	46.47
Asset turnover	0.20	0.20	0.55	0.68	0.55	0.57	0.51	0.45	0.43	0.39	0.33	0.34	0.37	0.38	0.37	0.36	0.33	0.32	0.30	0.31	0.35

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 16 periods

	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	64	64	64	64	64	64	64	64	64	64	64	64	64	64	64	64
Other equity / reserves	3,243	3,633	3,937	4,288	4,254	4,703	4,003	5,075	5,735	5,756	6,052	6,131	6,348	6,659	7,009	7,031
Total equity	3,307	3,696	4,001	4,351	4,317	4,767	4,067	5,138	5,798	5,819	6,116	6,195	6,412	6,723	7,073	7,095
Borrowings	678	—	—	—	—	—	—	0	0	0	0	0	123	275	309	334
Current liabilities	—	418	437	412	246	423	350	359	494	446	551	418	528	585	780	796
Non-current liabilities	—	588	676	627	643	727	551	778	629	595	700	735	811	962	1,130	1,219
Total assets	4,960	4,702	5,114	5,390	5,207	5,916	4,968	6,275	6,921	6,861	7,367	7,347	7,750	8,269	8,983	9,110
Property, plant & equipment	—	1,595	1,765	1,733	1,682	1,094	1,153	1,072	1,051	1,023	1,023	1,071	1,000	972	1,480	1,448
Capital work-in-progress	958	31	21	11	1	12	6	12	12	401	105	251	503	619	215	224
Investments	121	571	657	782	429	596	299	562	0	580	0	644	484	481	464	467
Inventories	52	44	69	72	98	90	98	95	107	106	106	106	91	96	96	95
Receivables	81	97	119	111	147	205	145	190	189	164	101	108	85	93	72	108
Cash & equivalents	12	62	50	56	87	66	266	107	51	53	33	145	119	112	94	228

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 12 periods

	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	216	204	452	241	142	147	-215	-215	932	109	1,059	744
Cash from investing	-240	-67	-350	-138	23	87	23	23	-786	238	-808	-613
Cash from financing	47	-115	-115	-97	-134	-63	-7	-7	-137	-365	-183	-154
Capex	349	—	—	—	—	—	—	41	24	477	644	1,034
Free cash flow	-133	—	—	—	—	—	—	-256	908	-368	415	-290
Dividends paid	115	—	—	—	—	—	—	6	137	364	304	321

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,448 cr16%

CWIP

₹224 cr2%

Investments

₹467 cr5%

Inventories

₹95 cr1%

Receivables

₹108 cr1%

Cash & equivalents

₹228 cr3%

Other assets

₹6,539 cr72%

Peer comparison

largest in Metals & Mining · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Enterprises Ltd.	3,71,671	2,745.80	64.8	3.79	5.9%
JSW Steel Ltd.	3,31,132	1,357.10	11.6	2.92	25.1%
Hindustan Zinc Ltd.	2,40,022	568.10	—	8.01	0.0%
Tata Steel Ltd.	2,32,398	186.30	21.1	2.27	10.8%
Hindalco Industries Ltd.	2,12,765	958.40	11.1	1.33	12.0%
Vedanta Aluminium Metal Ltd.	1,47,058	376.05	—	6.38	—
Jindal Steel Ltd.	1,18,597	1,165.00	41.5	2.26	5.5%
Vedanta Ltd.	1,02,344	261.75	4.8	8.02	168.7%
Lloyds Metals And Energy Ltd.	1,00,524	1,785.50	19.2	6.20	32.3%
Steel Authority of India Ltd.	70,880	171.60	12.6	1.13	9.0%
Gujarat Mineral Development Corporation Ltd.	14,746	463.70	45.1	2.08	4.6%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-2.8%

6 months-34.1%

1 year-21.6%

3Y CAGR+13.7%

5Y CAGR+44.8%

10Y CAGR+16.0%

50-day avg₹505.74

200-day avg₹578.29

RSI (14)48

Compare Gujarat Mineral Development Corporation Ltd. with

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FAQs

What is the share price of Gujarat Mineral Development Corporation Ltd.?

Gujarat Mineral Development Corporation Ltd. (GMDCLTD) closed at ₹463.70 on NSE on 06 Nov 2026.

What is the market cap of Gujarat Mineral Development Corporation Ltd.?

₹14,746 crore at the latest close.

What is the P/E ratio of Gujarat Mineral Development Corporation Ltd.?

45.1, on trailing-twelve-month earnings from its filings.

How fast is Gujarat Mineral Development Corporation Ltd. growing?

Gujarat Mineral Development Corporation Ltd.: revenue has compounded at -8.8% a year over three years; net profit at -7.7% a year. Latest-quarter revenue is up 71.2% year on year, profit down 100.0%.

How profitable is Gujarat Mineral Development Corporation Ltd.?

On a trailing-twelve-month basis return on equity is 4.6%, return on capital employed 12.1%, operating margin 18.3%, net margin 10.2%.

How much debt does Gujarat Mineral Development Corporation Ltd. have?

Gujarat Mineral Development Corporation Ltd. is debt-free: debt to equity is 0.05 with borrowings of ₹334 cr against cash of ₹228 cr (balance sheet of 2026-09-30). Operating profit covers interest 46.5 times.

Financials parsed from Gujarat Mineral Development Corporation Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from DEC '19, annual from FY20, balance sheet from Mar '15. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.