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Gujarat Mineral Development Corporation Ltd.

MiningMining & Minerals

www.gmdcltd.com BSE: 532181NSE: GMDCLTD

₹544.20BSE1.59%

16 Sep, 4:01 PM

₹544.20

₹17.28K Cr

18.07

2.39

14.16%

₹556.40

₹535.25

₹771.50

₹464.45

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Price Performance

Peer Comparison

Name
COAL INDIA COALINDIA	421.90	8.33	2,60,005.51	6.28	8,849.81	0.71%	46,254.80	7.77%	35.43
NMDC LTD NMDC	80.35	9.47	70,642.25	4.36	1,976.23	0.43%	6,795.25	0.84%	27.98
Gujarat Mineral Development Corporation Ltd. GMDCLTD	544.20	18.07	17,280.12	1.75	163.43	-0.21%	906.64	23.76%	18.28
SANDUMA SANDUMA	180.10	12.25	8,754.75	0.28	227.85	36.36%	1,374.78	21.09%	23.78
ASHAPURA LTD ASHAPURMIN	514.00	12.11	4,910.04	0.39	108.31	-4.91%	1,616.12	19.22%	20.64
MOIL LTD MOIL	238.50	65.03	4,853.12	2.25	51.38		267.70		11.65
DECCANGOLD DECNGOLD	221.80		4,457.53	0.00	-8.73	68.98%	0.60	56.22%	-20.83
20 MICRONS 20MICRONS	202.50	10.58	714.55	0.62	17.74	5.22%	244.72	-0.99%	17.83

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	750.27	818.13	593.01	653.42	786.28	732.60	527.58	579.15	814.05	906.64
Expenses	561.72	606.66	451.72	561.13	592.72	563.36	458.13	478.26	709.85	715.60
	188.55	211.47	141.29	92.29	193.56	169.24	69.45	100.89	104.20	191.04
	25.13%	25.85%	23.83%	14.12%	24.62%	23.10%	13.16%	17.42%	12.80%	21.07%
	71.77	59.77	62.39	114.50	118.05	77.70	582.61	101.30	184.91	76.15
Interest	1.24	0.69	0.70	0.70	0.09	0.51	0.57	0.69	5.37	6.61
	22.06	21.39	20.92	26.43	26.63	22.00	21.79	22.16	48.76	33.33
	237.51	249.07	181.21	179.29	285.08	224.33	629.34	179.42	234.65	227.67
	21.17%	26.11%	29.44%	17.64%	20.65%	27.00%	25.99%	25.84%	17.29%	28.22%
	187.24	184.05	127.86	147.66	226.22	163.77	465.75	133.06	194.09	163.43
	5.89	5.79	4.02	4.64	7.11	5.15	14.65	4.18	6.10	5.14

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	2,736.81	3,503.76	2,467.36	2,856.54	2,666.52
	2,732.08	3,497.88	2,462.88	2,850.84	2,653.38
EXPENDITURE :
Increase/Decrease in Stock	6.06	-10.29	2.50	10.09	-5.58
Power & Fuel Cost	17.71	22.57	23.99	24.48	21.52
Employee Cost	132.87	158.43	148.26	150.75	190.02
Other Manufacturing Expenses	1,434.03	1,833.67	1,504.19	1,551.60	1,658.72
General and Administration Expenses	386.29	92.47	100.89	79.19	79.50
Selling and Distribution Expenses	1.62	15.83	11.06	323.18	136.56
Miscellaneous Expenses	32.52	48.37	62.58	72.75	128.86
	2,011.10	2,161.06	1,853.47	2,212.04	2,209.60
Operating Profit (Excl OI)	720.98	1,336.82	609.41	638.80	443.78
	156.46	393.57	270.18	348.58	423.87
	877.44	1,730.38	879.59	987.38	867.65
Interest	3.30	2.38	2.93	2.18	7.14
PBDT	874.14	1,728.00	876.66	985.20	860.51
	97.98	81.30	79.78	95.37	114.71
Profit Before Taxation & Exceptional Items	776.16	1,646.70	796.88	889.83	745.80
Exceptional Income / Expenses					522.65
	776.16	1,649.14	798.12	888.71	1,267.74
Provision for Tax	331.74	444.69	200.76	208.86	311.07
	444.42	1,204.45	597.36	679.85	956.67
Extra items				0.00	0.00
Share of Associate	1.48
Consolidated Net Profit	445.90	1,204.45	597.36	679.85	956.67
Profit Balance B/F	1,100.31	1,561.27	2,637.10	2,881.47	3,294.67
Appropriations	1,546.21	2,765.72	3,234.46	3,561.32	4,251.34
Equity Dividend %	215.00%	572.50%	477.50%	505.00%	475.00%
	14.02	37.88	18.78	21.38	30.08
Adjusted EPS	14.02	37.88	18.78	21.38	30.08

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	63.60	63.60	63.60	63.60	63.60
Total Reserves	4,757.99	5,721.57	6,036.14	6,377.94	7,009.14
Reserve excluding Revaluation Reserve	4,757.99	5,721.57	6,036.14	6,377.94	7,009.14
Revaluation reserve		0.00
	4,821.59	5,785.17	6,099.74	6,441.54	7,072.74
Unsecured Loans				116.58	279.07
Deferred Tax Assets / Liabilities	49.19	50.71	46.82	39.59	81.63
Other Long Term Liabilities	17.69	17.87	67.88	35.10	49.10
Long Term Provisions	571.24	570.11	585.30	582.28	720.50
Total Non-Current Liabilities	638.12	638.69	700.00	773.55	1,130.30
Trade Payables	208.95	205.93	285.82	242.02	258.73
Other Current Liabilities	201.57	295.92	256.67	280.46	511.52
Short Term Provisions	11.93	25.49	24.91	11.62	9.69
Total Current Liabilities	422.44	527.33	567.40	534.10	779.94
Total Liabilities	5,882.15	6,951.18	7,367.14	7,749.19	8,982.98
Gross Block	2,584.74	2,609.89	2,782.66	2,925.47	3,494.34
Less: Accumulated Depreciation	1,162.50	1,242.36	1,317.54	1,406.72	1,514.45
Net Block	1,422.24	1,367.53	1,465.12	1,518.75	1,979.89
Capital Work in Progress	11.60	14.82	105.43	503.11	215.11
Non Current Investments	596.15	491.27	565.86	484.25	463.54
Long Term Investment	596.15	491.27	565.86	484.25	463.54
Long Term Loans & Advances	1,302.88	2,124.12	1,425.92	1,426.63	821.74
Other Non Current Assets	792.64	820.14	922.22	1,022.58	1,203.05
Total Non-Current Assets	4,224.96	4,918.44	4,756.83	5,261.59	5,749.90
Inventories	89.81	106.98	106.48	91.33	96.14
Sundry Debtors	204.92	185.41	101.27	84.99	71.66
Cash and Bank	89.78	98.08	506.08	557.08	540.12
Other Current Assets	25.93	38.25	171.14	80.61	170.10
Short Term Loans and Advances	1,246.71	1,603.97	1,724.42	1,672.86	2,354.36
Total Current Assets	1,657.15	2,032.70	2,609.39	2,486.87	3,232.38
Net Current Assets (Including Current Investments)	1,234.70	1,505.37	2,041.99	1,952.77	2,452.44
Total Assets	5,882.15	6,951.18	7,367.14	7,749.19	8,982.98
Contingent Liabilities	1,036.64	1,175.38	1,116.50	1,137.33	1,063.87
Total Debt	0.00	0.00	0.00	122.79	308.55
	151.62	181.92	191.82	202.56	222.41
Adjusted Book Value	151.62	181.92	191.82	202.56	222.41

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	776.16	1,646.70	796.88	889.83	1,268.45
Adjustment	10.68	-251.88	-103.02	-109.48	-664.07
Changes In working Capital	-83.03	-15.60	-350.20	88.25	290.76
Cash Flow after changes in Working Capital	703.81	1,379.22	343.66	868.60	895.14
Cash Flow from Operating Activities	481.45	932.68	110.07	1,065.58	743.72
Cash Flow from Investing Activities	-673.51	-786.97	254.17	-814.34	-612.87
Cash Flow from Financing Activitie	-6.68	-137.27	-364.55	-183.14	-153.94
Net Cash Inflow / Outflow	-198.74	8.44	-0.31	68.10	-23.09
Opening Cash & Cash Equivalents	241.38	42.63	51.07	50.76	118.86
Cash & Cash Equivalent on Amalgamation / Take over / Merger					-1.46
Closing Cash & Cash Equivalent	42.64	51.07	50.76	118.86	94.31

Ratios

Valuation

18.07

2.39

18.82

6.11

30.07

227.54

Profitability

14.16

18.28

11.44

16.64

35.88

Leverage & Liquidity

0.04

4.14

178.55

Returns

1.75

0.32

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00
	2.64	2.46	2.68	2.91	3.04	4.08	3.16	4.69	4.47
	23.36	23.54	23.32	23.09	22.96	21.92	22.84	21.31	21.53
	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00
No. of Shareholders	2,41,725	2,52,024	2,51,813	2,50,538	2,27,850	2,24,558	2,37,220	2,41,551	2,48,480

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-09-03	AGM
2026-07-22	Board Meeting	Quarterly Results
2026-05-14	Ex Dividend	Rs.9.5000 per share(475%)Dividend	2026-09-23	2026-09-23

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

MiningMining & Minerals

Gujarat Mineral Development Corporation Ltd. operates in the Mining sector under the Mining & Minerals industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

8 members across the board and senior leadership

Hasmukh Adhia

Chairman

—

Roopwant Singh

Managing Director

₹39.14 L

Mar '26

Gauri Kumar

Non Executive Independent Director

₹1.60 L

Mar '26

Mamta Verma

Promoter & Non-Executive Director

₹60,000

Mar '26

Sandeep Kumar

Promoter & Non-Executive Director

₹60,000

Mar '26

Rajinder Khanna

Non Executive Independent Director

₹2.00 L

Mar '26

Joel Evans

Company Secretary

—

Sharvil Pankajbhai Patel

Non Executive Independent Director

₹1.00 L

Mar '26

GMDCLTD Latest News

News

2 of 2 articles

COMPANY2 Jun 2026 · 14:30

GMDC joins hands with University of Cambridge to establish Rare Earth Observatory

Observatory will deliver a first-of-its-kind interactive intelligence platform that tracks the complete Rare Earth Elements value chain in real time

EQUITY14 May 2026 · 19:16

GMDC reports Profit after tax of Rs 2211.80 Mln, in the March 2026 quarter

GMDCLTD

₹544.20

-1.59%