Gujarat Mineral Development Corporation Ltd

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Gujarat Mineral Development Corporation Ltd

₹ 391 -0.99%
02 Jul - close price
gmdcltd.com BSE: 532181 NSE: GMDCLTD
About

Gujarat Mineral Development Corporation is primarily engaged in 2 sectors i.e. mining and power.[1] Its projects include Lignite, Bauxite, Fluorspar, Multi-Metal, Manganese, Power, Wind and Solar.[2]

Key Points

Minerals & Metals
The company mines and extracts different minerals and metals such as lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite and ball clay [1] from various districts in Gujarat such as Kutch, Surat, Baroda, Rajkot, Jamnagar, Porbandar, Amreli, Bhavnagar and others. [2]

Website BSE NSE
  • Market Cap ₹ 12,432 Cr.
  • Current Price ₹ 391
  • High / Low ₹ 506 / 164
  • Stock P/E 20.3
  • Book Value ₹ 191
  • Dividend Yield 2.93 %
  • ROCE 13.8 %
  • ROE 10.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 35.0%
  • Debtor days have improved from 20.7 to 15.0 days.

Cons

  • Earnings include an other income of Rs.269 Cr.

* 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.

Peer comparison

Sector: Mining & Mineral products Industry: Mining / Minerals / Metals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
566 498 452 725 1,057 1,155 539 855 948 766 383 564 751
533 467 425 522 638 714 368 520 558 519 330 443 545
Operating Profit 33 32 27 202 420 441 171 336 390 247 53 121 206
OPM % 6% 6% 6% 28% 40% 38% 32% 39% 41% 32% 14% 21% 27%
-354 34 42 39 40 47 53 56 236 61 77 60 71
Interest 0 1 1 1 1 1 1 2 -0 1 1 1 1
Depreciation 28 21 20 21 36 21 19 21 21 19 18 20 21
Profit before tax -349 44 49 220 423 466 204 369 606 288 111 161 254
Tax % 47% 15% 16% 32% 58% 26% 26% 28% 27% 25% 31% 27% 20%
-185 38 41 150 176 345 151 265 441 216 76 117 204
EPS in Rs -5.83 1.18 1.29 4.71 5.53 10.85 4.74 8.34 13.85 6.78 2.40 3.69 6.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,670 1,285 1,413 1,179 1,537 2,051 1,880 1,449 1,329 2,732 3,501 2,463
784 668 891 879 1,116 1,499 1,319 1,321 1,332 2,009 2,153 1,836
Operating Profit 886 617 522 300 421 552 560 128 -3 723 1,348 627
OPM % 53% 48% 37% 25% 27% 27% 30% 9% -0% 26% 38% 25%
135 137 253 151 179 119 -155 169 -245 155 392 269
Interest 0 0 2 1 1 2 2 2 2 3 2 3
Depreciation 117 125 137 131 151 119 96 92 94 98 81 79
Profit before tax 904 630 636 318 447 551 307 203 -344 777 1,657 814
Tax % 34% 30% 21% 29% 27% 22% 55% 29% 89% 43% 27% 25%
601 439 500 225 325 428 139 145 -37 445 1,212 614
EPS in Rs 18.89 13.81 15.73 7.06 10.23 13.47 4.36 4.56 -1.16 14.00 38.13 19.30
Dividend Payout % 16% 22% 19% 42% 29% 26% 46% 44% -17% 31% 30% 44%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 23%
TTM: -30%
Compounded Profit Growth
10 Years: 3%
5 Years: 19%
3 Years: 17%
TTM: -49%
Stock Price CAGR
10 Years: 9%
5 Years: 40%
3 Years: 79%
1 Year: 136%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 15%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 64 64 64 64 64 64 64 64 64 64 64 64
Reserves 2,471 2,799 3,178 3,601 3,905 4,337 4,222 3,999 3,969 4,722 5,696 6,010
0 0 0 0 0 0 0 0 1 1 0 3
1,175 1,090 947 1,012 1,119 1,044 891 967 905 1,063 1,124 1,247
Total Liabilities 3,710 3,952 4,188 4,676 5,088 5,444 5,177 5,030 4,938 5,849 6,884 7,324
1,780 1,862 1,756 1,717 2,073 2,145 2,129 2,056 1,583 1,508 1,451 1,736
CWIP 24 11 46 31 21 11 1 4 6 23 23 105
Investments 183 260 299 644 657 863 426 259 292 587 479 553
1,723 1,818 2,087 2,284 2,337 2,426 2,620 2,710 3,057 3,731 4,931 4,930
Total Assets 3,710 3,952 4,188 4,676 5,088 5,444 5,177 5,030 4,938 5,849 6,884 7,324

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
220 286 92 208 457 325 143 6 149 483 934 110
-109 -190 -13 -70 -352 -220 21 82 85 -675 -788 237
-111 -112 -111 -115 -115 -97 -134 -77 -63 -7 -137 -365
Net Cash Flow 0 -15 -33 23 -10 8 30 11 172 -199 8 -18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 9 15 21 30 28 20 29 35 40 27 20 15
Inventory Days
Days Payable
Cash Conversion Cycle 9 15 21 30 28 20 29 35 40 27 20 15
Working Capital Days 149 259 254 358 228 178 228 271 290 153 149 229
ROCE % 40% 23% 17% 9% 12% 13% 14% 5% 1% 18% 31%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00%
1.31% 1.29% 1.71% 2.93% 3.61% 3.67% 4.07% 3.82% 3.08% 1.89% 1.76% 1.82%
2.50% 0.86% 2.50% 2.66% 2.11% 1.93% 1.72% 1.65% 1.51% 1.00% 0.89% 0.75%
0.04% 0.04% 0.04% 0.05% 0.05% 0.00% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00%
22.15% 23.81% 21.75% 20.36% 20.23% 20.40% 20.15% 20.54% 21.41% 23.09% 23.34% 23.43%
No. of Shareholders 1,11,8431,08,6811,05,8991,10,2241,29,1711,30,6361,28,7211,28,2571,31,6401,56,0021,79,0432,29,463

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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