Gujarat Mineral Development Corporation Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Gujarat Mineral Development Corporation Ltd?

Gujarat Mineral Development Corporation Ltd is trading at 670.00 as of 29 April 2026, with a FY2026-2027 high of 772 and low of 289. The stock is currently near its 52-week high. Market cap stands at 21,301 Cr..

Q: Is Gujarat Mineral Development Corporation Ltd financially healthy?

Key indicators: ROCE of 14.1 % is moderate. Dividend yield is 1.51 %.

Fair Value

₹621.95Fairly Valued by 7.17%vs CMP ₹670.00

P/E (33.3) × ROE (10.9%) × BV (₹211.00) × DY (1.51%)

₹398.71Overvalued by 40.49%vs CMP ₹670.00

MoS: -68% (Negative)Confidence: 58/100 (Moderate)Models: 2 Fair, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹729.33	23%	Fair (+8.9%)
Graham Number	Earnings	₹384.19	17%	Over (-42.7%)
Earnings Power	Earnings	₹189.81	11%	Over (-71.7%)
DCF	Cash Flow	₹679.02	11%	Fair (+1.3%)
Net Asset Value	Assets	₹211.46	7%	Over (-68.4%)
EV/EBITDA	Enterprise	₹221.50	9%	Over (-66.9%)
Earnings Yield	Earnings	₹310.90	7%	Over (-53.6%)
ROCE Capital	Returns	₹19.45	7%	Over (-97.1%)
Revenue Multiple	Revenue	₹89.68	6%	Over (-86.6%)
Consensus (9 models)		₹398.71	100%	Overvalued

Key Drivers: Wide model spread (₹19–₹729) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.3%

*Investments are subject to market risks

Analyst Summary

Gujarat Mineral Development Corporation Ltd operates in the Mining/Minerals segment, NSE: GMDCLTD | BSE: 532181, current market price is ₹670.00, market cap is 21,301 Cr.. At a glance, stock P/E is 33.3, ROE is 10.9 %, ROCE is 14.1 %, book value is 211, dividend yield is 1.51 %. The latest intrinsic value estimate is ₹398.71, around 40.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,851 Cr versus the prior period change of 15.8%, while latest net profit is about ₹686 Cr with a prior-period change of 14.9%. The 52-week range shown on this page is 772/289, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisGujarat 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 Identificat…

This summary is generated from the stock page data available for Gujarat Mineral Development Corporation Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Gujarat Mineral Development Corporation Ltd scores 51/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health68/100 · Strong

ROCE 14.1% GoodROE 10.9% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent

Smart Money60/100 · Moderate

FII holding up 0.15% (6mo) Slight increasePromoter holding at 74.0% Stable

Earnings Quality30/100 · Weak

OPM contracting (32% → 24%) DecliningWorking capital: 177 days Capital intensive

Quarterly Momentum60/100 · Moderate

Revenue (4Q): -1% YoY FlatProfit (4Q): +63% YoY StrongOPM: 13.0% (down 11.0% YoY) Margin pressure

Industry Rank35/100 · Weak

P/E 33.3 vs industry 17.3 Premium to peersROCE 14.1% vs industry 19.6% Average3Y sales CAGR: 1% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:45 pm

Market Cap	21,301 Cr.
Current Price	670
Intrinsic Value	₹398.71
High / Low	772/289
Stock P/E	33.3
Book Value	211
Dividend Yield	1.51 %
ROCE	14.1 %
ROE	10.9 %
Face Value	2.00
PEG Ratio	1.93

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Gujarat Mineral Development Corporation Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Gujarat Mineral Development Corporation Ltd	21,301 Cr.	670	772/289	33.3	211	1.51 %	14.1 %	10.9 %	2.00
Redington Ltd	16,924 Cr.	216	335/191	12.1	115	3.14 %	18.9 %	14.4 %	2.00
Gravita India Ltd	11,573 Cr.	1,568	2,170/1,267	30.3	306	0.40 %	21.5 %	21.2 %	2.00
MOIL Ltd	6,493 Cr.	319	406/242	22.4	133	1.76 %	18.8 %	14.7 %	10.0
Ashapura Minechem Ltd	5,847 Cr.	612	925/316	15.3	149	0.16 %	18.6 %	27.1 %	2.00
Industry Average	54,602.46 Cr	544.98		17.30	97.99	1.46%	19.57%	16.87%	5.18

All Competitor Stocks of Gujarat Mineral Development Corporation Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	539	855	948	766	383	564	750	818	593	653	786	733	528
Expenses	368	520	559	519	332	444	562	607	453	562	593	563	458
Operating Profit	171	336	390	247	51	121	189	211	140	92	194	169	69
OPM %	32%	39%	41%	32%	13%	21%	25%	26%	24%	14%	25%	23%	13%
Other Income	53	57	238	64	77	60	72	60	62	114	118	78	583
Interest	1	2	-0	1	1	1	1	1	1	1	0	1	1
Depreciation	19	21	21	19	18	20	22	21	21	26	27	22	22
Profit before tax	205	370	608	291	109	160	238	249	181	179	285	224	629
Tax %	26%	28%	27%	25%	32%	27%	21%	26%	29%	18%	21%	27%	26%
Net Profit	151	266	442	219	75	117	187	184	128	148	226	164	466
EPS in Rs	4.76	8.37	13.90	6.88	2.35	3.67	5.89	5.79	4.02	4.64	7.11	5.15	14.65

Last Updated: January 1, 2026, 1:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 7:46 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,285	1,434	1,179	1,537	2,051	1,880	1,449	1,326	2,732	3,498	2,463	2,851	2,626
Expenses	668	909	890	1,119	1,583	1,324	1,323	1,335	2,011	2,161	1,853	2,213	2,093
Operating Profit	617	525	289	418	468	556	126	-10	721	1,337	609	637	533
OPM %	48%	37%	24%	27%	23%	30%	9%	-1%	26%	38%	25%	22%	20%
Other Income	137	253	156	181	121	-70	173	-241	158	396	271	355	880
Interest	0	2	1	1	2	2	2	2	3	2	3	2	2
Depreciation	125	138	131	151	119	96	92	94	98	81	80	95	93
Profit before tax	630	637	313	447	469	388	205	-347	778	1,649	798	895	1,318
Tax %	30%	21%	30%	27%	26%	43%	28%	-89%	43%	27%	25%	23%
Net Profit	439	501	219	325	347	220	146	-39	446	1,204	597	686	989
EPS in Rs	13.81	15.75	6.89	10.22	10.90	6.91	4.61	-1.24	14.02	37.88	18.78	21.57	31.09
Dividend Payout %	22%	19%	44%	29%	32%	29%	43%	-16%	31%	30%	51%	47%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	14.12%	-56.29%	48.40%	6.77%	-36.60%	-33.64%	-126.71%	1243.59%	169.96%	-50.42%	14.91%
Change in YoY Net Profit Growth (%)	0.00%	-70.41%	104.69%	-41.63%	-43.37%	2.96%	-93.08%	1370.30%	-1073.63%	-220.37%	65.32%

Gujarat Mineral Development Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	14%
3 Years:	1%
TTM:	10%

Compounded Profit Growth
10 Years:	5%
5 Years:	36%
3 Years:	15%
TTM:	18%

Stock Price CAGR
10 Years:	20%
5 Years:	58%
3 Years:	38%
1 Year:	25%

Return on Equity
10 Years:	10%
5 Years:	13%
3 Years:	14%
Last Year:	11%

Last Updated: September 5, 2025, 5:35 am

Balance Sheet

Last Updated: December 10, 2025, 2:45 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	64	64	64	64	64	64	64	64	64	64	64	64	64
Reserves	2,799	3,180	3,633	3,937	4,288	4,254	4,032	3,971	4,758	5,722	6,036	6,348	6,659
Borrowings	0	679	0	0	0	0	0	0	1	2	3	126	278
Other Liabilities	1,091	1,045	1,012	1,120	1,044	894	967	933	1,064	1,166	1,266	1,214	1,268
Total Liabilities	3,953	4,966	4,709	5,121	5,395	5,211	5,063	4,968	5,886	6,953	7,369	7,752	8,269
Fixed Assets	1,862	1,771	1,719	2,075	2,147	2,131	2,058	1,585	1,510	1,454	1,551	1,553	2,002
CWIP	12	958	31	21	11	1	4	6	23	28	292	741	619
Investments	260	121	644	657	782	429	264	299	596	491	566	484	481
Other Assets	1,818	2,117	2,314	2,368	2,456	2,651	2,737	3,079	3,756	4,979	4,960	4,974	5,168
Total Assets	3,953	4,966	4,709	5,121	5,395	5,211	5,063	4,968	5,886	6,953	7,369	7,752	8,269

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	287	101	204	452	241	142	1	156	481	933	110	1,059
Cash from Investing Activity +	-190	-13	-67	-350	-138	23	84	78	-674	-787	254	-808
Cash from Financing Activity +	-111	-111	-115	-115	-97	-134	-77	-64	-7	-137	-365	-183
Net Cash Flow	-15	-23	22	-13	6	31	8	170	-199	8	-0	68
Free Cash Flow	97	27	205	-6	35	72	-9	144	443	908	-366	424
CFO/OP	87%	61%	126%	140%	95%	61%	127%	-284%	98%	103%	56%	135%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	617.00	-154.00	289.00	418.00	468.00	556.00	126.00	-10.00	720.00	-1.00	606.00	511.00

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	15	21	30	28	20	29	35	39	27	19	15	11
Inventory Days
Days Payable
Cash Conversion Cycle	15	21	30	28	20	29	35	39	27	19	15	11
Working Capital Days	258	240	356	228	178	228	271	291	153	147	228	177
ROCE %	23%	16%	8%	12%	11%	14%	5%	1%	18%	31%	13%	14%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%
FIIs	3.82%	3.08%	1.89%	1.76%	1.82%	1.60%	1.68%	1.94%	2.15%	2.25%	3.32%	2.30%
DIIs	1.65%	1.51%	1.00%	0.89%	0.75%	1.00%	0.78%	0.75%	0.76%	0.79%	0.76%	0.86%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	20.54%	21.41%	23.09%	23.34%	23.43%	23.36%	23.54%	23.33%	23.10%	22.97%	21.92%	22.84%
No. of Shareholders	1,28,257	1,31,640	1,56,002	1,79,043	2,29,463	2,41,725	2,52,024	2,51,813	2,50,538	2,27,850	2,24,558	2,37,220

Shareholding Pattern Chart

No. of Shareholders

Gujarat Mineral Development Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Quant PSU Fund	623,764	7.34	36.04	N/A	N/A	N/A
Samco Special Opportunities Fund	54,564	2.35	3.15	N/A	N/A	N/A
Samco Dynamic Asset Allocation Fund	29,930	0.74	1.73	4,265	2026-02-23 00:08:01	601.76%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	21.57	19.41	38.23	12.74	-1.24
Diluted EPS (Rs.)	21.57	19.41	38.23	12.74	-1.24
Cash EPS (Rs.)	24.60	21.78	40.71	15.77	1.64
Book Value[Excl.RevalReserv]/Share (Rs.)	201.63	192.33	182.34	149.90	126.88
Book Value[Incl.RevalReserv]/Share (Rs.)	201.63	192.33	182.34	149.90	126.88
Revenue From Operations / Share (Rs.)	89.65	77.45	121.90	89.91	42.11
PBDIT / Share (Rs.)	31.24	28.19	54.76	26.27	4.50
PBIT / Share (Rs.)	28.24	25.71	52.21	23.19	1.54
PBT / Share (Rs.)	28.17	25.62	52.14	23.12	-10.99
Net Profit / Share (Rs.)	21.60	19.31	38.15	12.69	-1.32
NP After MI And SOA / Share (Rs.)	21.57	19.41	38.23	12.73	-1.24
PBDIT Margin (%)	34.84	36.39	44.92	29.21	10.69
PBIT Margin (%)	31.49	33.19	42.82	25.78	3.65
PBT Margin (%)	31.42	33.08	42.77	25.71	-26.10
Net Profit Margin (%)	24.09	24.92	31.29	14.11	-3.13
NP After MI And SOA Margin (%)	24.05	25.06	31.36	14.16	-2.93
Return on Networth / Equity (%)	10.69	10.09	20.96	8.49	-0.97
Return on Capital Employeed (%)	12.43	11.99	25.83	13.42	1.06
Return On Assets (%)	8.84	8.37	17.56	6.84	-0.79
Long Term Debt / Equity (X)	0.01	0.00	0.00	0.00	0.00
Total Debt / Equity (X)	0.01	0.00	0.00	0.00	0.00
Asset Turnover Ratio (%)	0.37	0.34	0.60	0.52	0.26
Current Ratio (X)	4.72	4.74	4.09	3.96	4.79
Quick Ratio (X)	4.54	4.54	3.87	3.74	4.51
Inventory Turnover Ratio (X)	28.82	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	44.28	58.98	11.24	1.57	-161.64
Dividend Payout Ratio (CP) (%)	38.87	52.31	10.54	1.26	115.91
Earning Retention Ratio (%)	55.72	41.02	88.76	98.43	261.64
Cash Earning Retention Ratio (%)	61.13	47.69	89.46	98.74	-15.91
Interest Coverage Ratio (X)	455.65	306.58	763.59	391.59	73.16
Interest Coverage Ratio (Post Tax) (X)	316.10	210.99	533.01	190.15	182.18
Enterprise Value (Cr.)	7978.23	10425.63	3926.21	5947.45	1492.97
EV / Net Operating Revenue (X)	2.80	4.23	1.01	2.08	1.11
EV / EBITDA (X)	8.03	11.63	2.25	7.12	10.43
MarketCap / Net Operating Revenue (X)	2.96	4.44	1.04	2.11	1.31
Retention Ratios (%)	55.71	41.01	88.75	98.42	261.64
Price / BV (X)	1.32	1.79	0.69	1.27	0.43
Price / Net Operating Revenue (X)	2.96	4.44	1.04	2.11	1.31
EarningsYield	0.08	0.05	0.30	0.06	-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 is involved in the business activities of Opencast mining of lignite (brown coal). Company's Total Operating Revenue is Rs. 2850.84 Cr. and Equity Capital is Rs. 63.60 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Mining/Minerals	Khanij Bhavan, Ahmedabad Gujarat 380052	Contact not found

Management
Name	Position Held
Dr. Hasmukh Adhia	Chairman
Mr. Roopwant Singh	Managing Director
Ms. Arti Kanwar	Director
Mrs. Mamta Verma	Director
Prof. Shailesh Gandhi	Independent Director
Mrs. Gauri Kumar	Independent Director
Dr. Sharvil Patel	Independent Director
Mr. Rajinder Khanna	Independent Director

FAQ

What is the intrinsic value of Gujarat Mineral Development Corporation Ltd and is it undervalued?

As of 29 April 2026, Gujarat Mineral Development Corporation Ltd's intrinsic value is ₹398.71, which is 40.49% lower than the current market price of ₹670.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.9 %), book value (₹211), dividend yield (1.51 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Gujarat Mineral Development Corporation Ltd?

Gujarat Mineral Development Corporation Ltd is trading at ₹670.00 as of 29 April 2026, with a FY2026-2027 high of ₹772 and low of ₹289. The stock is currently near its 52-week high. Market cap stands at ₹21,301 Cr..

How does Gujarat Mineral Development Corporation Ltd's P/E ratio compare to its industry?

Gujarat Mineral Development Corporation Ltd has a P/E ratio of 33.3, which is above the industry average of 17.30. The premium over industry average may reflect growth expectations or speculative interest.

Is Gujarat Mineral Development Corporation Ltd financially healthy?

Key indicators for Gujarat Mineral Development Corporation Ltd: ROCE of 14.1 % is moderate. Dividend yield is 1.51 %.

Is Gujarat Mineral Development Corporation Ltd profitable and how is the profit trend?

Gujarat Mineral Development Corporation Ltd reported a net profit of ₹686 Cr in Mar 2025 on revenue of ₹2,851 Cr. Compared to ₹446 Cr in Mar 2022, the net profit shows an improving trend.

Does Gujarat Mineral Development Corporation Ltd pay dividends?

Gujarat Mineral Development Corporation Ltd has a dividend yield of 1.51 % at the current price of ₹670.00. The company pays dividends, though the yield is modest.