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Gujarat Mineral Development Corporation Ltd

Gujarat Mineral Development Corporation Ltd share Price Today

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Apr 19, 2024 10:54 AM

Gujarat Mineral Development Corporation Ltd

SECTOR : Mining & Mineral products | BSE :532181 | NSE : GMDCLTD

1D
1W
1M
3M
1Y
5Y
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BUY SELL SEP

Company details

Day Low

Day High

373.60

383.00

52W Low

52W High

132.00

506.00

6M Return -5.51%

1Y Return 179.99%

Mkt Cap.(Cr) 11,988.60

Volume 791,844

Div Yield 2.98%

OI

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OI Chg %

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Volume 791,844

Quick Results Snapshot
SWOT Analysis
Financials
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Gujarat Mineral Development Corporation Ltd: 377.00
-6.90 (-1.80 %)

NSE

Quick Results Snapshot

Gujarat Mineral Development Corporation Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Gujarat Mineral Development Corporation Ltd.

Coal company Gujarat Mineral Development Corporation announced Q4FY232 & FY23 results:

Standalone Q4FY23:
- Total income stands at Rs 1,188 crore as against Rs 1,097 crore in Q4FY22
- Revenue from Operations stood at Rs 952 crore as against Rs 1057 crore in Q4FY22
- EBITDA reported was at Rs 456 crore as compared to Rs 459 crore in Q4FY22
- Profit Before Tax stands at Rs 617 crore as against Rs 423 crore in Q4FY22
- Profit After Tax reported was at Rs 451 crore as against Rs 175 crore in Q4FY22
- EPS stands at Rs 14.17 (Face Value Rs 2 per share)
Standalone FY23:
- Total Income stood at Rs 3,894 crore in FY23 as against Rs 2,888 crore in FY22
- Revenues from operations at Rs 3,502 crore as compared to Rs 2,732 crore in FY22; up 28%
- EBITDA stands at Rs 1,557 crore in FY23, as against Rs 834 crore in FY22. The Company’s Core EBITDA margin stood at 42%
- Profit Before Tax (PBT) stood at Rs 1,657 crore for FY23 as compared to Rs 736 crore in FY22. The Company’s PBT margin stood at 42%
- Profit After Tax (PAT) stood at Rs 1,212 crore in FY23 as against Rs 404 crore in FY22. The Company’s PAT margin stood at 31%
- Earnings per share (EPS) for FY23 stood at Rs 38 (Face Value Rs 2 per share)

Commenting on the financial performance of the company, Shri Roopwant Singh, IAS, Managing Director, GMDC said, "We take immense pride in announcing that GMDC has achieved an exceptional financial performance in the fourth quarter. This remarkable achievement is a testament to our team's dedication and unwavering commitment.

In recognition of our record financial performance this year and as a token of appreciation to our valued shareholders, we are delighted to announce the declaration of dividend. We understand your trust and confidence in us, and we remain dedicated to maximizing returns and creating sustainable growth. We are committed to maintaining our momentum by further enhancing shareholder value in the future and will continue to drive innovation, expand our market presence, and create long-term value for all stakeholders’’.

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Gujarat Mineral Development Corporation Ltd shares SWOT Analysis

Strengths (11)

Rising Net Cash Flow and Cash from Operating activity
Strong Annual EPS Growth
Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (4)

Negative Breakdown First Support (LTP < S1)
Degrowth in Revenue and Profit
Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (2)

Negative to Positive growth in Sales and Profit with Strong Price momentum
Highest Recovery from 52 Week Low

Threats (0)

Data not found

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Resistance and support

R1 396.3

R2 408.7

R3 415.9

Pivot

389.15

S1 376.8

S2 369.6

S3 357.2

EMA SMA

20 Day

383.8

50 Day

390.8

100 Day

386.5

200 Day

345.2

20 Day

374.6

50 Day

393.2

100 Day

413.3

200 Day

339.9

Delivery and volume

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CLIENT NAME	DEAL TYPE	ACTION	DATE	AVG. PRICE	QUANTITY	EXCHANGE
GRAVITON RESEARCH CAPITAL LLP	Bulk	Purchase	2024-01-09	487.48	1600021	NSE
GRAVITON RESEARCH CAPITAL LLP	Bulk	Sell	2024-01-09	487.83	1600021	NSE
GRAVITON RESEARCH CAPITAL LLP	Bulk	Purchase	2023-11-22	424.76	4052809	NSE

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Promoter 74%
Public 23.43%
FII 1.82%
Other Institutions 0.69%
Mutual Funds 0.06%

Name	Category	Shares
H E The Governor of Gujarat	PROMOTER	74%

FINANCIALS

Sales

Operating Profit

Profit after Tax

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Equity

Reserves and Surplus

Debt

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Sales

Operating Profit

Profit after Tax

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PE

Debt/Equity

P BV

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Gujarat Mineral Development Corporation Ltd Stocks COMPARISON

Financials( ₹ in Cr)	Gujarat Mineral Development Corporation Ltd	Coal India Ltd	Vedanta Ltd	NMDC Ltd	Lloyds Metals & Energy Ltd
Price	377.00	433.20	388.20	232.35	714.40
% Change	-1.80	-1.23	-0.08	-1.21	-0.68
Mcap ₹ Cr	11,988.60	266,969.38	144,301.94	68,092.63	36,095.35
Revenue TTM ₹ Cr	3,507.32	138,251.91	147,308.00	17,666.88	3,392.31
Net Profit TTM ₹ Cr	1,215.73	28,124.94	14,506.00	5,537.72	-288.54
PE TTM	14.16	9.21	35.52	11.95	29.52
1 Year Return	179.99	86.56	38.84	106.90	26.82
ROCE	28.21	29.53	19.89	28.47	0.00
ROE	22.90	56.03	22.74	22.69	0.00

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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 5,798.28 Cr FV: 2.00

Period	MF Net Purchase / (sold)	FII Net
LAST 1M	24,721.64	-7,659.83
LAST 3M	80,167.53	39,149.62
LAST 6M	140,394.95	70,735.56
LAST 12M	215,454.79	197,509.84

ANNOUNCEMENT
CORPORATE ACTION

No Data Found

Date	Action Type	Ratio
Sep 22, 2023	Dividend	572
Sep 22, 2022	Dividend	215

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Gujarat Mineral Development Corporation Ltd Information

Stock PE (TTM)
14.16

Promoter Holding
74%

Book Value
182.9993

ROCE
28.21%

ROE
22.9%

Description

Gujarat Mineral Development Corporation Ltd. belongs to the mining and minerals sector with a market capitalization worth Rs. 6,034 crores as of March 31, 2022. Its date of incorporation is May 15, 1963. As of December 2021, it has reported consolidated net sales worth Rs. 724.58 crores, up 101.93% Y-o-Y. The company is listed on the Bombay Stock Exchange (BSE) with the code 532181 and the National Stock Exchange (NSE) with the code GMDCLTD.

Gujarat Mineral Development Corporation Ltd. is India’s largest merchant seller of Lignite. It manufactures lignite, fluorspar, manganese ore, limestone, silica sand, bentonite, bauxite, and ball clay. GMDC operates six lignite mines, namely, Panandharo, Tadkeshwar, Umarsar, Bhavnagar, Rajpardi, and Mata-No-Madh Lignite Mines. It has a workforce of 1,567 employees.

In 1999, the company’s sole owner, the Government of Gujarat, diluted 26% of its stake and made GDMC a listed entity on the Bombay Stock Exchange and the National Stock Exchange. The company holds a position in the top fortune 500 companies in India. Its annual turnover surpasses 10 billion with a significant annual growth rate.

The key people of the company include Mr. Manoj Kumar Das as Chairman, Mr. Arun Solanki as Managing Director, and Ms. Mona Khandar and Ms. Sonal Mishra as Directors. In 2015, CA. Lavanya Kulshrestha, General Manager (Finance) and CFO, was honored by the Institute of Chartered Accountants of India. The Panandharo lignite mine was also bestowed with the National Safety Award by the Ministry of Labor and Employment, Government of India, for the Lowest Injury Frequency Rate.

The Government of Gujarat, as the key promoter of GMDC, holds 74% of the company. The public has a 21.75% holding of the GMDC share. Foreign Institutional Investors hold 1.71%, while Domestic Institutional Investors hold 2.53%.

Gujarat Mineral Development Corporation Ltd. belongs to the mining and minerals sector with a market capitalization worth Rs. 6,034 crores as of March 31, 2022. Its date of incorporation is May 15, 1963. As of December 2021, it has reported consolidated net sales worth Rs. 724.58 crores, up 101.93% Y-o-Y. The company is listed on the Bombay Stock Exchange (BSE) with the code 532181 and the National Stock Exchange (NSE) with the code GMDCLTD.

Gujarat Mineral Development Corporation Ltd. is India’s largest merchant seller of Lignite. It manufactures lignite, fluorspar, manganese ore, limestone, silica sand, bentonite, bauxite, and ball clay. GMDC operates six lignite mines, namely, Panandharo, Tadkeshwar, Umarsar, Bhavnagar, Rajpardi, and Mata-No-Madh Lignite Mines. It has a workforce of 1,567 employees.

In 1999, the company’s sole owner, the Government of Gujarat, diluted 26% of its stake and made GDMC a listed entity on the Bombay Stock Exchange and the National Stock Exchange. The company holds a position in the top fortune 500 companies in India. Its annual turnover surpasses 10 billion with a significant annual growth rate.

The key people of the company include Mr. Manoj Kumar Das as Chairman, Mr. Arun Solanki as Managing Director, and Ms. Mona Khandar and Ms. Sonal Mishra as Directors. In 2015, CA. Lavanya Kulshrestha, General Manager (Finance) and CFO, was honored by the Institute of Chartered Accountants of India. The Panandharo lignite mine was also bestowed with the National Safety Award by the Ministry of Labor and Employment, Government of India, for the Lowest Injury Frequency Rate.

The Government of Gujarat, as the key promoter of GMDC, holds 74% of the company. The public has a 21.75% holding of the GMDC share. Foreign Institutional Investors hold 1.71%, while Domestic Institutional Investors hold 2.53%.

Gujarat Mineral Development Corporation share price as on 19 Apr 2024 is Rs. 377. Over the past 6 months, the Gujarat Mineral Development Corporation share price has decreased by 5.51% and in the last one year, it has increased by 179.99%. The 52-week low for Gujarat Mineral Development Corporation share price was Rs. 132 and 52-week high was Rs. 506.

Registered Address

Khanij Bhavan 132 Ft Ring Road, Nr University Ground Vastrapur, Ahmedabad, Gujarat, 380052

Tel	:	91-079-27913200/3501/1662/1680/0665
Email	:	cosec:gmdcltd.com
Website	:	http://www.gmdcltd.com

Registrar

MCS Ltd

AGM Date (Month)	:	Nov
Face Value Equity Shares	:	2
Market Lot Equity Shares	:	1
BSE Code	:	532181
NSE Code	:	GMDCLTD
Book Closure Date (Month)	:	Sep
BSE Group	:	A
ISIN	:	INE131A01031

FAQ’s on Gujarat Mineral Development Corporation Ltd Shares

How can I buy Gujarat Mineral Development Corporation Ltd share?

You can buy Gujarat Mineral Development Corporation Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Gujarat Mineral Development Corporation Ltd Share.

What is the share price of Gujarat Mineral Development Corporation Ltd?

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 10:54 AM the closing price of Gujarat Mineral Development Corporation Ltd was ₹ 377.00.

What is the market cap of Gujarat Mineral Development Corporation Ltd ?

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 19, 2024 10:54 AM, the market cap of Gujarat Mineral Development Corporation Ltd stood at ₹ 11,988.60.