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Gujarat Mineral Development Corporation Limited
(GMDCLTD)
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Rating:66Neutral
Price Target:
₹499.00
▼(-11.30% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by strong financial position and solid profitability, offset by volatile free cash flow and weakening operating margins. Technicals are neutral with the stock below key longer-term moving averages, and valuation is moderate with only a modest dividend yield.
Positive Factors
Very Low Leverage
Very low leverage, with debt-to-equity near zero historically and about 0.04 in FY2026, gives GMDCLTD substantial flexibility to fund mining projects, withstand commodity-driven earnings swings, and preserve capacity for future investment without heavy debt-service pressure.
Negative Factors
Volatile Free Cash Flow
Free cash flow turned negative in FY2026 and FY2024 despite generally positive operating cash flow. This inconsistency can reduce internally generated funds available for projects, dividends, or balance-sheet strengthening, and makes cash conversion less dependable across the cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Very low leverage, with debt-to-equity near zero historically and about 0.04 in FY2026, gives GMDCLTD substantial flexibility to fund mining projects, withstand commodity-driven earnings swings, and preserve capacity for future investment without heavy debt-service pressure.
Read all positive factors
Gujarat Mineral Development Corporation Limited (GMDCLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹147.06B
Dividend Yield2.05%
Average Volume (3M)74.94K
Price to Earnings (P/E)15.4
Beta (1Y)1.87
Revenue Growth2.25%
EPS Growth43.70%
CountryIN
Employees679
SectorGeneral
Sector StrengthN/A
IndustryCoal
Share Statistics
EPS (TTM)30.07
Shares Outstanding318,000,000
10 Day Avg. Volume77,684
30 Day Avg. Volume74,940
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)2.55
Price to Sales (P/S)7.14
P/FCF Ratio-157.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)23
Revenue Forecast (FY)₹37.48B
Gujarat Mineral Development Corporation Limited Business Overview & Revenue Model
Company Description
Gujarat Mineral Development Corporation Limited is an Indian enterprise primarily engaged in the mining sector. The company's operations are divided into two core segments: mineral extraction and power generation. Within its mining division, it ac...
How the Company Makes Money
GMDCLTD primarily makes money by monetizing mineral resources through mining operations and selling the extracted minerals to end users and industrial buyers. Key revenue streams typically include: (1) Sale of mined minerals: The company extracts ...
Gujarat Mineral Development Corporation Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.27B | 25.23B | 28.51B | 24.63B | 34.98B | 27.32B |
| Gross Profit | 10.72B | 8.93B | 9.74B | 9.32B | 16.52B | 9.50B |
| EBITDA | 11.49B | 13.90B | 9.92B | 8.79B | 17.30B | 8.77B |
| Net Income | 9.56B | 9.57B | 6.86B | 5.97B | 12.04B | 4.46B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 89.83B | 77.50B | 73.67B | 69.21B | 59.16B |
| Cash, Cash Equivalents and Short-Term Investments | 5.40B | 5.51B | 1.37B | 551.65M | 15.14B | 734.87M |
| Total Debt | 0.00 | 3.17B | 1.26B | 29.83M | 20.68M | 5.52M |
| Total Liabilities | -70.73B | 19.10B | 13.39B | 12.51B | 11.66B | 10.61B |
| Stockholders Equity | 70.73B | 70.73B | 64.12B | 61.16B | 57.98B | 47.67B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.14B | 4.15B | -3.68B | 9.08B | -2.54B |
| Operating Cash Flow | 0.00 | 9.20B | 10.59B | 1.09B | 9.32B | 4.81B |
| Investing Cash Flow | 0.00 | -7.89B | -8.08B | 2.38B | -7.86B | -6.74B |
| Financing Cash Flow | 0.00 | -1.54B | -1.83B | -3.65B | -1.37B | -66.81M |
Gujarat Mineral Development Corporation Limited Technical Analysis
Negative
562.55
Price Trends
546.92
Negative
574.00
Negative
580.23
Negative
Market Momentum
-23.01
Positive
22.07
Positive
3.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GMDCLTD, the sentiment is Negative. The current price of 562.55 is above the 20-day moving average (MA) of 522.72, above the 50-day MA of 546.92, and below the 200-day MA of 580.23, indicating a bearish trend. The MACD of -23.01 indicates Positive momentum. The RSI at 22.07 is Positive, neither overbought nor oversold. The STOCH value of 3.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GMDCLTD.
Gujarat Mineral Development Corporation Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹2.53T | 8.13 | ― | 5.16% | 12.66% | -5.85% | |
66 Neutral | ₹147.06B | 15.40 | ― | 2.05% | 2.25% | 43.70% | |
63 Neutral | ₹169.74B | 15.01 | ― | 0.41% | 5.90% | 20.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹218.15B | 551.92 | ― | 0.86% | 27.42% | ― |
* General Sector Average
IN:GMDCLTD
Gujarat Mineral Development Corporation Limited
462.45
-124.19
-21.17%
IN:COALINDIA
Coal India Ltd.
410.90
53.53
14.98%
IN:KIOCL
KIOCL Ltd
358.95
-123.55
-25.61%
IN:SARDAEN
Sarda Energy & Minerals Limited
481.70
-73.42
-13.23%
IN:BHARATCOAL
Bharat Coking Coal Limited
31.16
-9.50
-23.36%
IN:CMPDI
Central Mine Planning & Design Institute Limited
205.50
52.74
34.52%
Gujarat Mineral Development Corporation Limited Corporate Events
GMDC Sets Date and Key Timelines for 63rd AGM and Proposed Dividend
Sep 3, 2026
Gujarat Mineral Development Corporation Limited has scheduled its 63rd Annual General Meeting for Wednesday, September 30, 2026, at 11:00 a.m., to be held via video conference and other audio-visual means, with the proceedings deemed conducted at ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.