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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Gujarat Mineral Development Corporation Ltd

About the Company - Gujarat Mineral Development Corporation Ltd

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. Milind TorwaneDirector
Mr. S J HaiderDirector
Ms. Arti KanwarDirector
Mr. S B DangayachIndependent Director
Mr. Nitin ShuklaIndependent Director
Mrs. Gauri KumarIndependent Director
Prof. Shailesh GandhiIndependent Director

Basic Stock Data of Gujarat Mineral Development Corporation Ltd

Last Updated: May 30, 2024, 6:21 am

Market Cap 13,350 Cr.
Current Price 420
High / Low506/158
Stock P/E15.5
Book Value 183
Dividend Yield2.73 %
ROCE31.3 %
ROE22.9 %
Face Value 2.00
PEG Ratio0.33

Gujarat Mineral Development Corporation Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3295664984527251,0571,155539855952766383564
Expenses368534468426523595715368520551519332444
Operating Profit-3932312620146244117133640124751121
OPM %-12%6%6%6%28%44%38%32%39%42%32%13%21%
Other Income42-35235434040485357238647760
Interest0011121121111
Depreciation23282120213621192120191820
Profit before tax-20-3494549220465467205370618291109160
Tax %86%47%15%17%32%53%26%26%28%27%25%32%27%
Net Profit-3-185384015021834515126645221975117
EPS in Rs-0.09-5.811.191.274.716.8510.854.768.3714.226.882.353.67

Last Updated: May 4, 2024, 4:40 pm

Gujarat Mineral Development Corporation Ltd Quarterly Chart

Gujarat Mineral Development Corporation Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6271,6701,2851,4341,1791,5372,0511,8801,4491,3292,7323,5012,956
Expenses8667846689098901,1191,5831,3241,3231,3352,0112,1541,921
Operating Profit760886617525289418468556126-67211,3481,034
OPM %47%53%48%37%24%27%23%30%9%-0%26%38%35%
Other Income73135137253156181121-70173-241158396437
Interest7002112222322
Depreciation108117125138131151119969294988179
Profit before tax718904630637313447469388205-3437781,6601,390
Tax %32%34%30%21%30%27%26%43%28%90%43%27%
Net Profit487601439501219325347220146-364461,2161,013
EPS in Rs15.3118.8913.8115.756.8910.2210.906.914.61-1.1214.0238.2331.86
Dividend Payout %20%16%22%19%44%29%32%29%43%-18%31%30%

Gujarat Mineral Development Corporation Ltd Profit & Loss Yearly Chart

Gujarat Mineral Development Corporation Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:11%
3 Years:34%
TTM:-26%
Compounded Profit Growth
10 Years:7%
5 Years:29%
3 Years:103%
TTM:-12%
Stock Price CAGR
10 Years:11%
5 Years:38%
3 Years:76%
1 Year:145%
Return on Equity
10 Years:11%
5 Years:11%
3 Years:15%
Last Year:23%

Last Updated: May 23, 2024, 3:42 pm

Gujarat Mineral Development Corporation Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital64646464646464646464646464
Reserves1,9822,4712,7993,1803,6333,9374,2884,2544,0324,0034,7585,7355,756
Borrowings000679000001101
Other Liabilities1,1751,1751,0911,0451,0121,1201,0448949679051,0641,1241,041
Total Liabilities3,2203,7103,9534,9664,7095,1215,3955,2115,0634,9735,8866,9236,861
Fixed Assets1,7581,7801,8621,7711,7192,0752,1472,1312,0581,5851,5101,4531,431
CWIP624129583121111462323401
Investments133183260121644657782429264299596491580
Other Assets1,3241,7231,8182,1172,3142,3682,4562,6512,7373,0833,7564,9564,448
Total Assets3,2203,7103,9534,9664,7095,1215,3955,2115,0634,9735,8866,9236,861

Gujarat Mineral Development Corporation Ltd Reserves and Borrowings Chart

Gujarat Mineral Development Corporation Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5622202871012044522411421147481932
Cash from Investing Activity -287-109-190-13-67-350-138238487-674-786
Cash from Financing Activity -253-111-111-111-115-115-97-134-77-63-7-137
Net Cash Flow210-15-2322-136318170-1998

Gujarat Mineral Development Corporation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10915213028202935402720
Inventory Days
Days Payable
Cash Conversion Cycle10915213028202935402720
Working Capital Days104149258243356228178228271290153149
ROCE %38%40%23%16%8%12%11%14%5%1%18%31%

Gujarat Mineral Development Corporation Ltd Financial Efficiency Indicators Chart

Gujarat Mineral Development Corporation Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
FIIs1.31%1.29%1.71%2.93%3.61%3.67%4.07%3.82%3.08%1.89%1.76%1.82%
DIIs2.50%0.86%2.50%2.66%2.11%1.93%1.72%1.65%1.51%1.00%0.89%0.75%
Government0.04%0.04%0.04%0.05%0.05%0.00%0.05%0.00%0.00%0.00%0.00%0.00%
Public22.15%23.81%21.75%20.36%20.23%20.40%20.15%20.54%21.41%23.09%23.34%23.43%
No. of Shareholders1,11,8431,08,6811,05,8991,10,2241,29,1711,30,6361,28,7211,28,2571,31,6401,56,0021,79,0432,29,463

Gujarat Mineral Development Corporation Ltd Shareholding Pattern Chart

No. of Gujarat Mineral Development Corporation Ltd Shareholders

Gujarat Mineral Development Corporation Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund81,9940.642.93
Groww Nifty Total Market Index Fund1820.020.01

Gujarat Mineral Development Corporation Ltd ROCE Trend

Gujarat Mineral Development Corporation Ltd EPS Trend

Gujarat Mineral Development Corporation Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)38.2312.74-1.244.616.92
Diluted EPS (Rs.)38.2312.74-1.244.616.92
Cash EPS (Rs.)40.7115.771.647.429.94
Book Value[Excl.RevalReserv]/Share (Rs.)182.34149.90126.88128.81135.76
Book Value[Incl.RevalReserv]/Share (Rs.)182.34149.90126.88128.81135.76
Revenue From Operations / Share (Rs.)121.9089.9142.1147.8362.87
PBDIT / Share (Rs.)54.7626.274.509.3222.03
PBIT / Share (Rs.)52.2123.191.546.4419.01
PBT / Share (Rs.)52.1423.12-10.996.3812.21
Net Profit / Share (Rs.)38.1512.69-1.324.546.91
NP After MI And SOA / Share (Rs.)38.2312.73-1.244.616.92
PBDIT Margin (%)44.9229.2110.6919.4835.04
PBIT Margin (%)42.8225.783.6513.4530.23
PBT Margin (%)42.7725.71-26.1013.3319.42
Net Profit Margin (%)31.2914.11-3.139.5010.99
NP After MI And SOA Margin (%)31.3614.16-2.939.6311.00
Return on Networth / Equity (%)20.968.49-0.973.575.09
Return on Capital Employeed (%)25.8313.421.064.3012.18
Return On Assets (%)17.566.84-0.792.894.22
Asset Turnover Ratio (%)0.600.520.260.290.37
Current Ratio (X)4.093.964.794.936.11
Quick Ratio (X)3.873.744.514.615.71
Dividend Payout Ratio (NP) (%)11.241.57-161.6443.4150.60
Dividend Payout Ratio (CP) (%)10.541.26115.9126.7135.21
Earning Retention Ratio (%)88.7698.43261.6456.5949.40
Cash Earning Retention Ratio (%)89.4698.74-15.9173.2964.79
Interest Coverage Ratio (X)763.59391.5973.16157.48383.27
Interest Coverage Ratio (Post Tax) (X)533.01190.15182.1877.81238.50
Enterprise Value (Cr.)3926.215947.451492.97901.822543.53
EV / Net Operating Revenue (X)1.012.081.110.591.27
EV / EBITDA (X)2.257.1210.433.043.63
MarketCap / Net Operating Revenue (X)1.042.111.310.651.30
Retention Ratios (%)88.7598.42261.6456.5849.39
Price / BV (X)0.691.270.430.240.60
Price / Net Operating Revenue (X)1.042.111.310.651.30
EarningsYield0.300.06-0.020.140.08

Gujarat Mineral Development Corporation Ltd Profitability Ratios (%)

Gujarat Mineral Development Corporation Ltd Liquidity Ratios

Gujarat Mineral Development Corporation Ltd Liquidity Ratios (%)

Gujarat Mineral Development Corporation Ltd Interest Coverage Ratios (%)

Gujarat Mineral Development Corporation Ltd Valuation Ratios

Fair Value

Fair Value: ₹667.29

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.

Undervalued: 58.88% compared to the current price ₹420

Intrinsic Value: ₹982.26

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 133.87% compared to the current price ₹420

Last 5 Year EPS CAGR: 47.20%

*Investments are subject to market risks

Strength and Weakness of Gujarat Mineral Development Corporation Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.08%, which is a positive sign.
  2. The company has higher reserves (3,909.85 cr) compared to borrowings (52.46 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.38 cr) and profit (396.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 217.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 23.67, which may not be favorable.

FAQ

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

The latest fair value of Gujarat Mineral Development Corporation Ltd is ₹667.29.

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

The Market Cap of Gujarat Mineral Development Corporation Ltd is 13,350 Cr..

What is the current Stock Price of Gujarat Mineral Development Corporation Ltd as on 30 May 2024?

The current stock price of Gujarat Mineral Development Corporation Ltd as on 30 May 2024 is ₹420.

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 506/158.

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

The Stock P/E of Gujarat Mineral Development Corporation Ltd is 15.5.

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

The Book Value of Gujarat Mineral Development Corporation Ltd is 183.

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

The Dividend Yield of Gujarat Mineral Development Corporation Ltd is 2.73 %.

What is the ROCE of Gujarat Mineral Development Corporation Ltd?

The ROCE of Gujarat Mineral Development Corporation Ltd is 31.3 %.

What is the ROE of Gujarat Mineral Development Corporation Ltd?

The ROE of Gujarat Mineral Development Corporation Ltd is 22.9 %.

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