GMDC

₹392 5.6 | 1.5%

WEBSITE BSE:532181 NSE : GUJ.MINERAL 10 May, 16:01

Market Cap ₹12466 Cr.

Stock P/E 14.5

P/B 2.1

Current Price ₹392

Book Value ₹ 186.7

Face Value 2

52W High ₹505

Dividend Yield 2.92%

52W Low ₹ 152.8

Edit Ratio

GMDC Research see more...

Overview Inc. Year: 1963Industry: Mining & Minerals

Gujarat Mineral Development Corporation Ltd is an totally India-based holding organization. The Company operates thru two segments: Mining and Power. The Company's projects comprises Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar. The Company operates five lignite mines, particularly, Mata-No-Madh, Rajpardi, Tadkeshwar, Bhavnagar and Umarsar Lignite Mines. It has bauxite mining operations at its Mewasa Bauxite Mines in Devbhoomi Dwarka, district of Gujarat. The Company's Fluorspar undertaking is placed at Kadipani, district of Baroda. The Company's Multi-Metal mission is positioned at Ambaji, district of Banaskantha. The Company's Manganese project is positioned at Shivrajpur, district of Panchmahal. Its Power section is placed at Nani Chher, district of Kutch. The Company's Wind Farm tasks of 200.9 megawatts are located at various places in Gujarat, and a five-megawatt peak Solar Power Project is located at Panandhro Lignite Project.

GMDC Share Price

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Peer Comparison

GMDC Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	452	725	1057	1155	539	855	952	766	383	564
Other Income	43	40	39	48	53	57	237	61	77	60
Total Income	495	764	1097	1203	591	912	1189	827	460	625
Total Expenditure	425	523	595	715	368	520	551	519	330	443
Operating Profit	69	241	502	488	224	392	637	308	130	181
Interest	1	1	2	1	1	2	1	1	1	1
Depreciation	20	21	36	21	19	21	20	19	18	20
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	49	219	464	466	204	370	616	288	111	161
Provision for Tax	8	70	247	122	53	104	165	72	35	44
Profit After Tax	41	149	217	345	151	266	451	216	76	117
Adjustments	-0	0	1	0	0	1	1	3	-2	-1
Profit After Adjustments	40	150	218	345	151	266	452	219	75	117
Adjusted Earnings Per Share	1.3	4.7	6.9	10.8	4.8	8.4	14.2	6.9	2.3	3.7

GMDC Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1675	1290	1439	1179	1537	2051	1880	1449	1329	2732	3501	2665
Other Income	156	138	146	155	181	121	144	171	153	156	394	435
Total Income	1831	1428	1586	1334	1718	2172	2024	1620	1482	2889	3895	3101
Total Expenditure	789	674	917	890	1118	1502	1324	1324	1335	2011	2154	1843
Operating Profit	1041	754	668	444	600	671	701	296	147	877	1741	1256
Interest	0	0	2	1	1	2	2	2	2	3	2	4
Depreciation	117	125	138	131	151	119	96	92	94	98	81	77
Exceptional Income / Expenses	-20	0	109	0	0	0	-214	0	-397	0	0	0
Profit Before Tax	904	630	637	312	447	550	388	203	-346	776	1658	1176
Provision for Tax	303	190	136	94	122	122	169	58	-308	332	445	316
Profit After Tax	601	439	501	218	326	428	220	145	-38	444	1213	860
Adjustments	0	0	0	1	-0	-81	0	2	3	1	2	1
Profit After Adjustments	601	439	501	219	325	347	220	146	-36	446	1216	863
Adjusted Earnings Per Share	18.9	13.8	15.8	6.9	10.2	10.9	6.9	4.6	-1.1	14	38.2	27.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	34%	11%	8%
Operating Profit CAGR	99%	81%	21%	5%
PAT CAGR	173%	103%	23%	7%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	156%	72%	40%	12%
ROE Average	23%	11%	8%	11%
ROCE Average	31%	13%	11%	15%

GMDC Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	2535	2862	3243	3696	4001	4351	4317	4096	4067	4822	5798
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	669	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	717	731	693	588	676	627	643	664	496	638	629
Total Current Liabilities	452	353	355	418	437	412	246	297	350	422	494
Total Liabilities	3704	3946	4960	4702	5114	5390	5207	5058	4913	5882	6921
Fixed Assets	1780	1862	1771	1719	1956	2054	2040	1968	1495	1422	1366
Other Non-Current Assets	739	786	1884	1357	1717	1869	1663	1625	1751	2803	3536
Total Current Assets	1186	1298	1304	1626	1441	1467	1504	1465	1666	1657	2019
Total Assets	3704	3946	4960	4702	5114	5390	5207	5058	4913	5882	6921

GMDC Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	56	57	42	41	64	51	56	87	95	241	43
Cash Flow from Operating Activities	220	287	101	204	452	241	142	1	147	481	932
Cash Flow from Investing Activities	-109	-190	-13	-67	-350	-138	23	84	87	-674	-786
Cash Flow from Financing Activities	-111	-111	-111	-115	-115	-97	-134	-77	-63	-7	-137
Net Cash Inflow / Outflow	0	-15	-23	22	-13	6	31	8	170	-199	8
Closing Cash & Cash Equivalent	57	42	19	64	51	58	87	95	266	43	51

GMDC Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	18.89	13.81	15.75	6.89	10.22	10.9	6.91	4.61	-1.12	14.02	38.23
CEPS(Rs)	22.59	17.72	20.1	10.98	14.99	17.19	9.93	7.42	1.75	17.06	40.71
DPS(Rs)	3	3	3	3	3	3.5	2	2	0.2	4.3	11.45
Book NAV/Share(Rs)	79.71	90.01	101.96	116.24	125.8	136.83	135.76	128.81	127.89	151.62	182.34
Core EBITDA Margin(%)	50.67	45.83	34.97	23.55	26.29	26.43	29.47	8.23	-0.46	26.34	38.43
EBIT Margin(%)	51.71	46.85	42.8	25.53	28.18	26.54	20.67	13.41	-25.56	28.48	47.34
Pre Tax Margin(%)	51.71	46.84	42.65	25.45	28.1	26.46	20.57	13.29	-25.71	28.36	47.27
PAT Margin (%)	34.38	32.67	33.54	17.81	20.45	20.57	11.64	9.47	-2.85	16.24	34.59
Cash Profit Margin (%)	41.1	41.94	42.8	28.47	29.96	26.3	16.74	15.47	4.15	19.82	36.91
ROA(%)	17.37	11.48	11.25	4.52	6.63	8.14	4.15	2.82	-0.77	8.23	18.95
ROE(%)	26.23	16.27	16.41	6.29	8.46	10.24	5.07	3.44	-0.94	10	22.85
ROCE(%)	39.46	23.33	18.85	8.22	11.66	13.21	9	4.87	-8.43	17.54	31.27
Receivable days	8.8	12.44	16.28	26.62	24.82	20.22	25.01	34.32	38.62	23.35	20.5
Inventory Days	10.93	11.74	12.14	14.25	12.88	12.4	16.5	23.11	26.26	12.56	10.24
Payable days	0	-2042.58	0	5763.89	-1098.81	0	-6342.99	0	0	0	-7313.33
PER(x)	8.77	9.43	7.12	9.49	12.01	11.31	11.79	6.82	0	13.54	3.31
Price/Book(x)	2.08	1.45	1.1	0.56	0.98	0.9	0.6	0.24	0.43	1.25	0.69
Dividend Yield(%)	1.81	2.3	2.67	4.59	2.44	2.84	2.45	6.37	0.36	2.26	9.05
EV/Net Sales(x)	3.11	3.18	2.94	1.71	2.51	1.88	1.33	0.62	1.12	2.18	1.12
EV/Core EBITDA(x)	5	5.44	6.33	4.54	6.42	5.76	3.57	3.04	10.17	6.78	2.25
Net Sales Growth(%)	2.7	-22.99	11.6	-18.1	30.37	33.47	-8.35	-22.9	-8.29	105.58	28.16
EBIT Growth(%)	24.63	-30.32	1.53	-51.03	43.29	22.94	-29.28	-47.52	-268.06	326.57	113
PAT Growth(%)	23.44	-26.92	14.08	-56.41	49.09	31.34	-48.62	-34.23	-126.58	1256.92	173.01
EPS Growth(%)	23.43	-26.92	14.08	-56.27	48.4	6.65	-36.59	-33.36	-124.42	1346.63	172.65
Debt/Equity(x)	0	0	0.21	0	0	0	0	0	0	0	0
Current Ratio(x)	2.62	3.68	3.67	3.89	3.3	3.56	6.11	4.93	4.76	3.92	4.09
Quick Ratio(x)	2.54	3.54	3.53	3.78	3.14	3.39	5.71	4.61	4.48	3.71	3.87
Interest Cover(x)	0	4759.44	270.77	295.7	337.39	338.53	213.36	108.8	-175.15	236.39	728
Total Debt/Mcap(x)	0	0	0.19	0	0	0	0	0	0	0	0

GMDC Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74	74	74	74	74	74	74	74	74	74
FII	1.71	2.93	3.61	3.67	4.08	3.81	3.08	1.89	1.76	1.82
DII	2.53	2.71	2.16	1.93	1.77	1.65	1.52	1.01	0.89	0.74
Public	21.75	20.36	20.23	20.4	20.15	20.54	21.4	23.1	23.34	23.44
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	23.53	23.53	23.53	23.53	23.53	23.53	23.53	23.53	23.53	23.53
FII	0.54	0.93	1.15	1.17	1.3	1.21	0.98	0.6	0.56	0.58
DII	0.81	0.86	0.69	0.61	0.56	0.52	0.48	0.32	0.28	0.24
Public	6.92	6.47	6.43	6.49	6.41	6.53	6.81	7.35	7.42	7.45
Others	0	0	0	0	0	0	0	0	0	0
Total	31.8	31.8	31.8	31.8	31.8	31.8	31.8	31.8	31.8	31.8

Pros

Company has delivered good profit growth of 23% CAGR over last 5 years
Debtor days have improved from 0 to -7313.33days.
Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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GMDC

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GMDC Research see more...

Overview Inc. Year: 1963Industry: Mining & Minerals

GMDC Share Price

Alert Data

Quarterly Price

Peer Comparison

GMDC Quarterly Results

GMDC Profit & Loss

Growth Rates

GMDC Balance Sheet

GMDC Cash Flow

GMDC Ratios

GMDC Shareholding Pattern

GMDC News

Top Unlisted Companies & InstaBuy Companies

Assam Carbon Products

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