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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532181 | NSE: GMDCLTD

Gujarat Mineral Development Corporation Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 20, 2024, 10:56 pm

Market Cap 10,648 Cr.
Current Price 335
High / Low506/309
Stock P/E16.8
Book Value 195
Dividend Yield2.85 %
ROCE13.8 %
ROE10.4 %
Face Value 2.00
PEG Ratio0.20

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Gujarat Mineral Development Corporation Ltd

Competitors of Gujarat Mineral Development Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ganesha Ecoverse Ltd 116 Cr. 47.171.9/42.821.3 4.290.00 %28.2 %39.4 % 10.0
Foundry Fuel Products Ltd 7.01 Cr. 8.7414.6/4.12 1.350.00 %%% 10.0
Deccan Gold Mines Ltd 1,841 Cr. 120179/88.5 14.30.00 %8.77 %34.8 % 1.00
Asi Industries Ltd 367 Cr. 40.756.2/19.513.6 35.90.86 %10.1 %7.47 % 1.00
Anmol India Ltd 158 Cr. 27.868.0/27.311.8 18.40.00 %14.9 %23.6 % 10.0
Industry Average38,179.14 Cr642.0335.5076.751.72%19.61%20.19%5.38

All Competitor Stocks of Gujarat Mineral Development Corporation Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales4984527251,0571,155539855948766383564751818
Expenses468426523595715368520559519332444545607
Operating Profit312620146244117133639024751121205211
OPM %6%6%28%44%38%32%39%41%32%13%21%27%26%
Other Income354340404853572386477607460
Interest1112112-011111
Depreciation21202136211921211918202121
Profit before tax4549220465467205370608291109160257249
Tax %15%17%32%53%26%26%28%27%25%32%27%20%26%
Net Profit384015021834515126644221975117207184
EPS in Rs1.191.274.716.8510.854.768.3713.906.882.353.676.515.79

Last Updated: September 16, 2024, 1:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 16, 2024, 1:17 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,6701,2851,4341,1791,5372,0511,8801,4491,3292,7323,4982,4632,516
Expenses7846689098901,1191,5831,3241,3231,3352,0112,1611,8371,927
Operating Profit886617525289418468556126-67211,337626588
OPM %53%48%37%24%27%23%30%9%-0%26%38%25%23%
Other Income135137253156181121-70173-241158396273271
Interest0021122223233
Depreciation11712513813115111996929498817981
Profit before tax904630637313447469388205-3437781,649818776
Tax %34%30%21%30%27%26%43%28%-90%43%27%25%
Net Profit601439501219325347220146-364461,204617583
EPS in Rs18.8913.8115.756.8910.2210.906.914.61-1.1214.0237.8819.4118.32
Dividend Payout %16%22%19%44%29%32%29%43%-18%31%30%49%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-26.96%14.12%-56.29%48.40%6.77%-36.60%-33.64%-124.66%1338.89%169.96%-48.75%
Change in YoY Net Profit Growth (%)0.00%41.08%-70.41%104.69%-41.63%-43.37%2.96%-91.02%1463.55%-1168.93%-218.71%

Gujarat Mineral Development Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:6%
3 Years:23%
TTM:-8%
Compounded Profit Growth
10 Years:4%
5 Years:13%
3 Years:17%
TTM:-37%
Stock Price CAGR
10 Years:9%
5 Years:41%
3 Years:70%
1 Year:-24%
Return on Equity
10 Years:10%
5 Years:12%
3 Years:14%
Last Year:10%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:37 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital64646464646464646464646464
Reserves2,4712,7993,1803,6333,9374,2884,2544,0324,0034,7585,7226,0526,131
Borrowings006790000011233
Other Liabilities1,1751,0911,0451,0121,1201,0448949679051,0641,1661,2491,150
Total Liabilities3,7103,9534,9664,7095,1215,3955,2115,0634,9735,8866,9537,3687,347
Fixed Assets1,7801,8621,7711,7192,0752,1472,1312,0581,5851,5101,4541,5521,803
CWIP24129583121111462328291251
Investments183260121644657782429264299596491568644
Other Assets1,7231,8182,1172,3142,3682,4562,6512,7373,0833,7564,9794,9574,650
Total Assets3,7103,9534,9664,7095,1215,3955,2115,0634,9735,8866,9537,3687,347

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2202871012044522411421147481933109
Cash from Investing Activity +-109-190-13-67-350-138238487-674-787238
Cash from Financing Activity +-111-111-111-115-115-97-134-77-63-7-137-365
Net Cash Flow0-15-2322-136318170-1998-18

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow886.00617.00-154.00289.00418.00468.00556.00126.00-7.00720.00-1.00623.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days91521302820293540271915
Inventory Days
Days Payable
Cash Conversion Cycle91521302820293540271915
Working Capital Days149258243356228178228271290153147229
ROCE %40%23%16%8%12%11%14%5%1%18%31%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%
FIIs1.71%2.93%3.61%3.67%4.07%3.82%3.08%1.89%1.76%1.82%1.60%1.68%
DIIs2.50%2.66%2.11%1.93%1.72%1.65%1.51%1.00%0.89%0.75%1.00%0.78%
Government0.04%0.05%0.05%0.00%0.05%0.00%0.00%0.00%0.00%0.00%0.05%0.00%
Public21.75%20.36%20.23%20.40%20.15%20.54%21.41%23.09%23.34%23.43%23.36%23.54%
No. of Shareholders1,05,8991,10,2241,29,1711,30,6361,28,7211,28,2571,31,6401,56,0021,79,0432,29,4632,41,7252,52,024

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund79,2040.162.928,6682024-11-20813.75%
Motilal Oswal Nifty Smallcap 250 Index Fund36,1610.161.338,6682024-11-20317.18%
Motilal Oswal Nifty 500 Index Fund8,6680.020.328,6682024-11-200%
ICICI Prudential BSE 500 ETF1,2640.020.058,6682024-11-20-85.42%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)19.4138.2312.74-1.244.61
Diluted EPS (Rs.)19.4138.2312.74-1.244.61
Cash EPS (Rs.)21.7840.7115.771.647.42
Book Value[Excl.RevalReserv]/Share (Rs.)192.33182.34149.90126.88128.81
Book Value[Incl.RevalReserv]/Share (Rs.)192.33182.34149.90126.88128.81
Revenue From Operations / Share (Rs.)77.45121.9089.9142.1147.83
PBDIT / Share (Rs.)28.1954.7626.274.509.32
PBIT / Share (Rs.)25.7152.2123.191.546.44
PBT / Share (Rs.)25.6252.1423.12-10.996.38
Net Profit / Share (Rs.)19.3138.1512.69-1.324.54
NP After MI And SOA / Share (Rs.)19.4138.2312.73-1.244.61
PBDIT Margin (%)36.3944.9229.2110.6919.48
PBIT Margin (%)33.1942.8225.783.6513.45
PBT Margin (%)33.0842.7725.71-26.1013.33
Net Profit Margin (%)24.9231.2914.11-3.139.50
NP After MI And SOA Margin (%)25.0631.3614.16-2.939.63
Return on Networth / Equity (%)10.0920.968.49-0.973.57
Return on Capital Employeed (%)11.9925.8313.421.064.30
Return On Assets (%)8.3717.566.84-0.792.89
Asset Turnover Ratio (%)0.340.600.520.260.29
Current Ratio (X)4.744.093.964.794.93
Quick Ratio (X)4.543.873.744.514.61
Dividend Payout Ratio (NP) (%)58.9811.241.57-161.6443.41
Dividend Payout Ratio (CP) (%)52.3110.541.26115.9126.71
Earning Retention Ratio (%)41.0288.7698.43261.6456.59
Cash Earning Retention Ratio (%)47.6989.4698.74-15.9173.29
Interest Coverage Ratio (X)306.58763.59391.5973.16157.48
Interest Coverage Ratio (Post Tax) (X)210.99533.01190.15182.1877.81
Enterprise Value (Cr.)10425.633926.215947.451492.97901.82
EV / Net Operating Revenue (X)4.231.012.081.110.59
EV / EBITDA (X)11.632.257.1210.433.04
MarketCap / Net Operating Revenue (X)4.441.042.111.310.65
Retention Ratios (%)41.0188.7598.42261.6456.58
Price / BV (X)1.790.691.270.430.24
Price / Net Operating Revenue (X)4.441.042.111.310.65
EarningsYield0.050.300.06-0.020.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Gujarat Mineral Development Corporation Ltd as of November 21, 2024 is: 350.41

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, Gujarat Mineral Development Corporation Ltd is Undervalued by 4.60% compared to the current share price 335.00

Intrinsic Value of Gujarat Mineral Development Corporation Ltd as of November 21, 2024 is: 640.73

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Gujarat Mineral Development Corporation Ltd is Undervalued by 91.26% compared to the current share price 335.00

Last 5 Year EPS CAGR: 82.85%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.08%, which is a positive sign.
  2. The company has higher reserves (4,250.77 cr) compared to borrowings (53.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.46 cr) and profit (463.31 cr) over the years.
  1. The stock has a high average Working Capital Days of 227.50, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 24.00, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Gujarat Mineral Development Corporation Ltd:
    1. Net Profit Margin: 24.92%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.99% (Industry Average ROCE: 18.38%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 10.09% (Industry Average ROE: 17.67%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 210.99
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 4.54
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 16.8 (Industry average Stock P/E: 31.07)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Gujarat Mineral Development Corporation Ltd. is a Public Limited Listed company incorporated on 15/05/1963 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L14100GJ1963SGC001206 and registration number is 001206. Currently company belongs to the Industry of Mining/Minerals. Company’s Total Operating Revenue is Rs. 2858.01 Cr. and Equity Capital is Rs. 63.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Mining/MineralsKhanij Bhavan, Ahmedabad Gujarat 380052cosec@gmdcltd.com
http://www.gmdcltd.com
Management
NamePosition Held
Dr. Hasmukh AdhiaChairman
Mr. Roopwant SinghManaging Director
Mr. S J HaiderDirector
Ms. Arti KanwarDirector
Mr. S B DangayachIndependent Director
Mr. Nitin ShuklaIndependent Director
Mrs. Gauri KumarIndependent Director
Prof. Shailesh GandhiIndependent Director

FAQ

What is the latest intrinsic value of Gujarat Mineral Development Corporation Ltd?

The latest intrinsic value of Gujarat Mineral Development Corporation Ltd as on 21 November 2024 is ₹350.41, which is 4.60% higher than the current market price of ₹335.00.

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

The Market Cap of Gujarat Mineral Development Corporation Ltd is 10,648 Cr..

What is the current Stock Price of Gujarat Mineral Development Corporation Ltd as on 21 November 2024?

The current stock price of Gujarat Mineral Development Corporation Ltd as on 21 November 2024 is ₹335.

What is the High / Low of Gujarat Mineral Development Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gujarat Mineral Development Corporation Ltd stocks is 506/309.

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

The Stock P/E of Gujarat Mineral Development Corporation Ltd is 16.8.

What is the Book Value of Gujarat Mineral Development Corporation Ltd?

The Book Value of Gujarat Mineral Development Corporation Ltd is 195.

What is the Dividend Yield of Gujarat Mineral Development Corporation Ltd?

The Dividend Yield of Gujarat Mineral Development Corporation Ltd is 2.85 %.

What is the ROCE of Gujarat Mineral Development Corporation Ltd?

The ROCE of Gujarat Mineral Development Corporation Ltd is 13.8 %.

What is the ROE of Gujarat Mineral Development Corporation Ltd?

The ROE of Gujarat Mineral Development Corporation Ltd is 10.4 %.

What is the Face Value of Gujarat Mineral Development Corporation Ltd?

The Face Value of Gujarat Mineral Development Corporation Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Gujarat Mineral Development Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE