About
Gujarat Mineral Development Corporation Limited engages in mining and mineral processing business in India. The company operates through two segments, Mining and Power. It explores for lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay. The company's products used in the textiles, chemicals, ceramics, bricks and captive power. Its products are also used in the electricity and synthetic natural gas generation, agriculture, mining and refining, transportation, hydrofluoric acid, refrigerant gas, flux in metallurgical, tableware, quick and hydrated lime, limestone tile and slab, wall cladding, vanity top, and synthetic foundry moulding catalyst sectors. The company also generates power using thermal, wind, and solar resources. The company has a strategic collaboration with University of Cambridge for the development of an AI-powered rare earth supply chain observatory and a platform that tracks the rare earth elements value chain. Gujarat Mineral Development Corporation Limited was incorporated in 1963 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap17,900 Cr
P/E31.40
Div Yield1.79 %
Book Value₹222.00
52w High₹772.00
52w Low₹452.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 907.00 | 814.00 | 579.00 | 528.00 | 733.00 | 786.00 | 653.00 | 593.00 | 818.00 | 750.00 | 564.00 | 383.00 | 766.00 |
| Expenses | 716.00 | 684.00 | 476.00 | 454.00 | 563.00 | 592.00 | 561.00 | 451.00 | 606.00 | 561.00 | 443.00 | 330.00 | 519.00 |
| Operating Profit | 191.00 | 130.00 | 103.00 | 74.00 | 170.00 | 194.00 | 93.00 | 142.00 | 212.00 | 189.00 | 121.00 | 53.00 | 247.00 |
| OPM % | 21.00 | 16.00 | 18.00 | 14.00 | 23.00 | 25.00 | 14.00 | 24.00 | 26.00 | 25.00 | 21.00 | 14.00 | 32.00 |
| Other Income | 76.00 | 185.00 | 101.00 | 583.00 | 77.00 | 117.00 | 115.00 | 62.00 | 60.00 | 71.00 | 60.00 | 77.00 | 61.00 |
| Depreciation | 33.00 | 49.00 | 22.00 | 22.00 | 22.00 | 27.00 | 26.00 | 21.00 | 21.00 | 22.00 | 20.00 | 18.00 | 19.00 |
| Interest | 7.00 | 5.00 | 1.00 | 1.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 227.00 | 262.00 | 182.00 | 634.00 | 225.00 | 284.00 | 180.00 | 183.00 | 250.00 | 236.00 | 161.00 | 111.00 | 288.00 |
| Tax % | 28.00 | 16.00 | 26.00 | 26.00 | 27.00 | 21.00 | 18.00 | 29.00 | 26.00 | 21.00 | 27.00 | 31.00 | 25.00 |
| Net Profit | 163.00 | 221.00 | 135.00 | 470.00 | 164.00 | 225.00 | 149.00 | 129.00 | 185.00 | 186.00 | 117.00 | 76.00 | 216.00 |
| EPS in Rs | 5.13 | 6.96 | 4.25 | 14.79 | 5.16 | 7.09 | 4.68 | 4.06 | 5.80 | 5.86 | 3.69 | 2.40 | 6.78 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,653.00 | 2,851.00 | 2,463.00 | 3,498.00 | 2,732.00 | 1,329.00 | 1,449.00 | 1,880.00 | 2,051.00 | 1,537.00 | 1,179.00 | 1,413.00 |
| Expenses | 2,176.00 | 2,210.00 | 1,853.00 | 2,161.00 | 2,009.00 | 1,332.00 | 1,321.00 | 1,319.00 | 1,499.00 | 1,116.00 | 879.00 | 891.00 |
| Operating Profit | 477.00 | 641.00 | 610.00 | 1,337.00 | 723.00 | -3.00 | 128.00 | 560.00 | 552.00 | 421.00 | 300.00 | 522.00 |
| OPM % | 18.00 | 22.00 | 25.00 | 38.00 | 26.00 | -0.20 | 9.00 | 30.00 | 27.00 | 27.00 | 25.00 | 37.00 |
| Other Income | 947.00 | 354.00 | 269.00 | 392.00 | 155.00 | -245.00 | 169.00 | -155.00 | 119.00 | 179.00 | 151.00 | 253.00 |
| Interest | 7.00 | 2.00 | 3.00 | 2.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 2.00 |
| Depreciation | 115.00 | 95.00 | 80.00 | 81.00 | 98.00 | 94.00 | 92.00 | 96.00 | 119.00 | 151.00 | 131.00 | 137.00 |
| Profit before tax | 1,302.00 | 897.00 | 796.00 | 1,646.00 | 777.00 | -344.00 | 203.00 | 307.00 | 551.00 | 447.00 | 318.00 | 636.00 |
| Tax % | 24.00 | 23.00 | 25.00 | 27.00 | 43.00 | -89.00 | 29.00 | 55.00 | 22.00 | 27.00 | 29.00 | 21.00 |
| Net Profit | 991.00 | 688.00 | 596.00 | 1,201.00 | 445.00 | -37.00 | 145.00 | 139.00 | 428.00 | 325.00 | 225.00 | 500.00 |
| EPS in Rs | 31.16 | 21.63 | 18.73 | 37.77 | 14.00 | -1.16 | 4.56 | 4.36 | 13.47 | 10.23 | 7.06 | 15.73 |
| Dividend Payout % | 30.00 | 47.00 | 51.00 | 30.00 | 31.00 | -17.00 | 44.00 | 46.00 | 26.00 | 29.00 | 42.00 | 19.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 | 64.00 |
| Reserves | 7,005.00 | 6,310.00 | 5,996.00 | 5,683.00 | 4,722.00 | 3,969.00 | 3,999.00 | 4,222.00 | 4,337.00 | 3,905.00 | 3,601.00 | 3,178.00 |
| Borrowings | 317.00 | 126.00 | 3.00 | 2.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 1,594.00 | 1,213.00 | 1,266.00 | 1,166.00 | 1,063.00 | 905.00 | 967.00 | 891.00 | 1,044.00 | 1,119.00 | 1,012.00 | 947.00 |
| Total Liabilities | 8,979.00 | 7,713.00 | 7,328.00 | 6,914.00 | 5,849.00 | 4,938.00 | 5,030.00 | 5,177.00 | 5,444.00 | 5,088.00 | 4,676.00 | 4,188.00 |
| Fixed Assets | 3,039.00 | 1,550.00 | 1,549.00 | 1,452.00 | 1,508.00 | 1,583.00 | 2,056.00 | 2,129.00 | 2,145.00 | 2,073.00 | 1,717.00 | 1,756.00 |
| CWIP | 215.00 | 741.00 | 292.00 | 28.00 | 23.00 | 6.00 | 4.00 | 1.00 | 11.00 | 21.00 | 31.00 | 46.00 |
| Investments | 459.00 | 473.00 | 553.00 | 480.00 | 587.00 | 292.00 | 259.00 | 426.00 | 863.00 | 657.00 | 644.00 | 299.00 |
| Other Assets | 5,265.00 | 4,950.00 | 4,934.00 | 4,953.00 | 3,731.00 | 3,057.00 | 2,710.00 | 2,620.00 | 2,426.00 | 2,337.00 | 2,284.00 | 2,087.00 |
| Total Assets | 8,979.00 | 7,713.00 | 7,328.00 | 6,914.00 | 5,849.00 | 4,938.00 | 5,030.00 | 5,177.00 | 5,444.00 | 5,088.00 | 4,676.00 | 4,188.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 744.00 | 1,062.00 | 111.00 | 935.00 | 483.00 | 149.00 | 6.00 | 143.00 | 325.00 | 457.00 | 208.00 | 92.00 |
| Cash from Investing Activity | -613.00 | -812.00 | 253.00 | -789.00 | -675.00 | 85.00 | 82.00 | 21.00 | -220.00 | -352.00 | -70.00 | -13.00 |
| Cash from Financing Activity | -154.00 | -183.00 | -365.00 | -137.00 | -7.00 | -63.00 | -77.00 | -134.00 | -97.00 | -115.00 | -115.00 | -111.00 |
| Net Cash Flow | -23.00 | 67.00 | 0.00 | 8.00 | -199.00 | 172.00 | 11.00 | 30.00 | 8.00 | -10.00 | 23.00 | -33.00 |
| Free Cash Flow | -289.00 | 427.00 | -365.00 | 910.00 | 445.00 | 138.00 | -4.00 | 73.00 | 119.00 | -1.00 | 209.00 | 17.00 |
| CFO/OP % | 188.00 | 135.00 | 57.00 | 103.00 | 98.00 | -694.00 | 128.00 | 61.00 | 96.00 | 141.00 | 122.00 | 59.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 10.00 | 11.00 | 15.00 | 19.00 | 27.00 | 40.00 | 35.00 | 29.00 | 20.00 | 28.00 | 30.00 | 21.00 |
| Cash Conversion Cycle | 10.00 | 11.00 | 15.00 | 19.00 | 27.00 | 40.00 | 35.00 | 29.00 | 20.00 | 28.00 | 30.00 | 21.00 |
| Working Capital Days | 263.00 | 174.00 | 224.00 | 147.00 | 153.00 | 290.00 | 271.00 | 228.00 | 178.00 | 228.00 | 358.00 | 254.00 |
| ROCE % | 11.00 | 14.00 | 14.00 | 31.00 | 18.00 | 1.00 | 5.00 | 14.00 | 13.00 | 12.00 | 9.00 | 17.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 18 Sep 2025 | 18 Sep 2025 | — | 10.10 | |
| Dividend | 20 Sep 2024 | — | — | 9.55 | |
| Dividend | 22 Sep 2023 | — | — | 11.45 | |
| Dividend | 22 Sep 2022 | — | — | 4.30 | |
| Dividend | 17 Nov 2021 | — | — | 0.20 | |
| Dividend | 22 Dec 2020 | — | — | 2.00 | |
| Dividend | 20 Sep 2019 | — | — | 2.00 | |
| Dividend | 19 Sep 2018 | — | — | 3.50 | |
| Dividend | 20 Sep 2017 | — | — | 3.00 | |
| Dividend | 21 Sep 2016 | — | — | 3.00 | |
| Dividend | 23 Sep 2015 | — | — | 3.00 | |
| Dividend | 18 Sep 2014 | — | — | 3.00 | |
| Dividend | 16 Sep 2013 | — | — | 3.00 | |
| Dividend | 17 Sep 2012 | — | — | 3.00 | |
| Dividend | 19 Sep 2011 | — | — | 3.00 | |
| Dividend | 17 Sep 2010 | — | — | 2.50 | |
| Dividend | 17 Sep 2009 | — | — | 2.00 | |
| Bonus | 16 Oct 2008 | 17 Oct 2008 | 1:1 | — | |
| Dividend | 01 Sep 2008 | — | — | 2.00 | |
| Split | 08 Nov 2007 | 16 Nov 2007 | 10:2 | — | |
| Dividend | 14 Sep 2007 | — | — | 10.00 | NSE/BSE dividend mismatch: NSE=2.0; BSE=10.0 |
| Dividend | 14 Sep 2007 | — | — | 2.00 | NSE/BSE dividend mismatch: NSE=2.0; BSE=10.0 |
| Dividend | 13 Dec 2006 | — | — | 1.20 | |
| Dividend | 14 Sep 2005 | — | — | 1.00 | |
| Dividend | 03 Sep 2001 | — | — | 4.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update22 Aug 2025 from care
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Rating update28 Aug 2024 from care
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Rating update22 Aug 2024 from care
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Rating update5 Sep 2023 from care
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Rating update18 May 2023 from care