āagman

Gujarat Mineral Development Corporation Ltd

NSE: GMDCLTD
₹443.00
−₹15.75 (−3.43%)
NSE · 21 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹14,979 Cr
CMP
₹443.00
52-wk High / Low
₹772 / 441
P/E
26.3
P/B
2.1
Book Value
₹222.0
Div Yield
2.02%
ROCE
11.0%
ROE
4.2%
Face Value
₹2
D/E
0.04

Price−26.4% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 21 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹388
√(22.5 × EPS × book value per share)
ROIC
3.3%
vs 10.6% sector median
Cash flow to profit
0.78
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−200
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
2.0%
ROE × earnings retention ratio
ROE stability
4.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.06DII −0.22
Latest quarter vs the previous one
Cash-accrual divergence
2.5%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 0.4pp over the last year
Watch-outs
−Latest ROCE of 11% trails the sector median of 16%
−Price trades below its 200-day moving average (0.8x)
−Price is 42.6% below its 52-week high
−Annualised volatility of 45.2% is in the high band (≥45%)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales766383564750818593653786733528579814907
Expenses519332444562607453562593563458478710716
Operating Profit247511211892111409219416969101104191
OPM %32.2%13.3%21.5%25.2%25.8%23.6%14.1%24.7%23.1%13.1%17.4%12.8%21.1%
Other Income6477607260621141187858310118577
Interest1111111011157
Depreciation19182022212126272222224933
Profit before tax291109160238249181179285224629179235228
Net Profit21975117187184128148226164466133194163
EPS (₹)6.882.353.675.895.794.024.647.115.1514.654.186.105.14

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,4341,1791,5372,0511,8801,4491,3292,7323,4982,4632,5342,5232,827
Expenses9098901,1191,5831,3241,3231,3352,0112,1611,8531,8962,0802,363
Operating Profit525289418468556126−67211,337609638443465
OPM %36.6%24.5%27.2%22.8%29.6%8.7%−0.5%26.4%38.2%24.7%25.2%17.6%16.4%
Other Income253156181121−70173−241158396271349947945
Interest21122223232713
Depreciation13813115111996929498818095115126
Profit before tax637313447469388205−3437781,6497988891,2681,271
Net Profit501219325347220146−364461,204597680957956
EPS (₹)15.756.8910.2210.906.914.61−1.1214.0237.8818.7821.3830.0830.07

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital646464646464646464646464—
Reserves3,1803,6333,9374,2884,2544,0324,0034,7585,7226,0366,3787,009—
Borrowings679000001123126317—
Other Liabilities1,0451,0121,1201,0448949679051,0641,1661,2661,1831,595—
Total Liabilities4,9664,7095,1215,3955,2115,0634,9735,8866,9537,3697,7518,984—
Fixed Assets1,7711,7192,0752,1472,1312,0581,5851,5101,4541,5511,5532,007—
CWIP95831211114623282927751,248—
Investments121644657782429264299596491566484464—
Other Assets2,1172,3142,3682,4562,6512,7373,0833,7564,9794,9604,9385,266—
Total Assets4,9664,7095,1215,3955,2115,0634,9735,8866,9537,3697,7518,984—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity28710120445224114211474819331101,066744
Cash from Investing Activity−190−13−67−350−138238487−674−787254−814−614
Cash from Financing Activity−111−111−115−115−97−134−77−63−7−137−365−183−154
Net Cash Flow−15−2322−136318170−1998068−25

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %23.016.08.012.011.014.05.01.018.031.013.014.011.0
ROE %————————————4.2
EPS (₹)13.8115.756.8910.2210.906.914.61−1.1214.0237.8818.7821.3830.07
Book Value (₹)————————————222.0
Face Value (₹)————————————2
P/E————————————26.3
Div Yield %————————————2.02
NPM %34.229.716.418.916.012.29.0−3.315.430.921.823.627.6
OPM %48.037.024.027.023.030.09.0−0.526.038.025.025.018.0
D/E0.000.210.000.000.000.000.000.000.000.000.000.020.04
P/B————————————2.1

Growth

As of 18 Oct 2026
Compounded sales growth
10 years+8.0%
5 years+14.0%
3 years−10.0%
TTM+2.0%
Compounded profit growth
10 years+3.0%
5 years−6.0%
3 years−38.0%
TTM−14.0%
Stock price CAGR
10 years+17.0%
5 years+45.0%
3 years+5.0%
Last year−17.0%
Return on equity
10 years10.0%
5 years11.0%
3 years8.0%
Last year4.0%

Shareholding pattern

As of 30 Sep 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%
FIIs3.53%3.53%1.76%1.82%1.60%1.68%1.94%2.15%2.25%3.32%2.30%3.76%3.66%3.72%
DIIs11.44%11.44%0.89%0.75%1.00%0.78%0.75%0.76%0.79%0.76%0.86%0.94%0.81%0.59%
Government0.00%0.00%0.00%0.00%0.05%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public11.03%11.03%23.34%23.43%23.36%23.54%23.33%23.10%22.97%21.92%22.84%21.31%21.53%21.68%
No. of shareholders63,94363,9431,79,0432,29,4632,41,7252,52,0242,51,8132,50,5382,27,8502,24,5582,37,2202,41,5512,48,4802,50,553
Change since Jun 2023 (pp)
Promoters +0.00FIIs +0.19DIIs −10.85Public +10.65

Documents

As of 18 Oct 2026
Announcements
Board Meeting Intimation for Unaudited Quarterly Financial Results (Standalone And Consolidated) For Quarter / Half Year Ended On 30Th September, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMAnnouncement under Regulation 30 (LODR)-Change in Management
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
May 2025TranscriptAug 2024TranscriptAug 2024RecordingJul 2024TranscriptAug 2023TranscriptFeb 2023Transcript

Corporate actions

As of 23 Sep 2026
23 Sep 2026DIVIDENDDividend - Rs 9.50 Per Share—
18 Sep 2025DIVIDENDDividend - Rs 10.10 Per Share—
20 Sep 2024DIVIDENDDividend - Rs 9.55 Per Share—
22 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 11.45 Per Share—
22 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 4.30 Per Share—
17 Nov 2021DIVIDEND Annual General Meeting/Dividend - Rs 0.20 Per Share—
22 Dec 2020DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
20 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
19 Sep 2018DIVIDEND Annual General Meeting/Dividend- Rs 3.50 Per Share—
20 Sep 2017DIVIDEND Annual General Meeting/ Dividend- Rs 3/- Per Share—
21 Sep 2016DIVIDEND Annual General Meeting/Dividend - Rs 3/- Per Share—
23 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 3/- Per Share —
18 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Rs 3/- Per Share—
16 Sep 2013DIVIDENDDividend Rs 3/- Per Share—
17 Sep 2012DIVIDENDAnnual General Meeting And Dividend Rs.3/- Per Share—
19 Sep 2011DIVIDENDDividend-Rs.3/- Per Share—
17 Sep 2010DIVIDENDDividend-Rs.2.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges.© 2026 āagman