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Gujarat Mineral Development Corporation Ltd share Price

Company details

284.00
323.85
122.70
323.85
6M Return 154.94%
1Y Return 129.74%
Mkt Cap.(Cr) 10,085.37
Volume 23,800,714
Div Yield 3.61%
OI
-
OI Chg %
-
Volume 23,800,714

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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’’.

 

 

Result PDF

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FINANCIALS

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Gujarat Mineral Development Corporation Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 5,798.28 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 14,229.98 -16,026.06
LAST 3M 47,438.29 -1,756.69
LAST 6M 51,082.71 143,805.43
LAST 12M 128,656.49 169,390.95

Gujarat Mineral Development Corporation Ltd Information

Stock PE (TTM)
9.25
Promoter Holding
74%
Book Value
182.3359
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%.

    On March 31, 2022, the GMDC share price on NSE is Rs. 189.75. The GMDC share price on BSE is Rs. 189.85. There is a fall of 0.60% and 0.11% in Gujarat Mineral share price in NSE and BSE, respectively, from the previous day. The 52-week high for GMDCLTD share price was Rs. 197.80, and the 52-week low was Rs. 51.80. 

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

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) : Nov
BSE Group : A
ISIN : INE131A01031

FAQ’s on Gujarat Mineral Development Corporation Ltd Shares

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.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 29, 2023 03:59 PM the closing price of Gujarat Mineral Development Corporation Ltd was ₹ 317.15.

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 Sep 29, 2023 03:59 PM, the market cap of Gujarat Mineral Development Corporation Ltd stood at ₹ 10,085.37.

The latest PE ratio of Gujarat Mineral Development Corporation Ltd as of Sep 29, 2023 03:59 PM is 9.25

The latest PB ratio of Gujarat Mineral Development Corporation Ltd as of Sep 29, 2023 03:59 PM is 0.57

The 52-week high of Gujarat Mineral Development Corporation Ltd is ₹ 323.85 while the 52-week low is ₹ 122.70

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