Gujarat Mineral Development Corporation Ltd

Gujarat Mineral Development Corporation Ltd

₹ 267 -1.46%
21 Feb - close price
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]

  • Market Cap 8,489 Cr.
  • Current Price 267
  • High / Low 453 / 250
  • Stock P/E 12.7
  • Book Value 195
  • Dividend Yield 3.58 %
  • ROCE 13.8 %
  • ROE 10.4 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.58%.
  • Company has been maintaining a healthy dividend payout of 36.7%
  • Debtor days have improved from 20.6 to 15.0 days.

Cons

  • Earnings include an other income of Rs.311 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
725 1,057 1,155 539 855 948 766 383 564 751 818 593 653
523 595 715 368 520 559 519 332 444 545 607 453 562
Operating Profit 201 462 441 171 336 390 247 51 121 205 211 140 92
OPM % 28% 44% 38% 32% 39% 41% 32% 13% 21% 27% 26% 24% 14%
40 40 48 53 57 238 64 77 60 74 60 62 114
Interest 1 2 1 1 2 -0 1 1 1 1 1 1 1
Depreciation 21 36 21 19 21 21 19 18 20 21 21 21 26
Profit before tax 220 465 467 205 370 608 291 109 160 257 249 181 179
Tax % 32% 53% 26% 26% 28% 27% 25% 32% 27% 20% 26% 29% 18%
150 218 345 151 266 442 219 75 117 207 184 128 148
EPS in Rs 4.71 6.85 10.85 4.76 8.37 13.90 6.88 2.35 3.67 6.51 5.79 4.02 4.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,670 1,285 1,434 1,179 1,537 2,051 1,880 1,449 1,329 2,732 3,498 2,463 2,815
784 668 909 890 1,119 1,583 1,324 1,323 1,335 2,011 2,161 1,837 2,166
Operating Profit 886 617 525 289 418 468 556 126 -6 721 1,337 626 649
OPM % 53% 48% 37% 24% 27% 23% 30% 9% -0% 26% 38% 25% 23%
135 137 253 156 181 121 -70 173 -241 158 396 273 311
Interest 0 0 2 1 1 2 2 2 2 3 2 3 3
Depreciation 117 125 138 131 151 119 96 92 94 98 81 79 90
Profit before tax 904 630 637 313 447 469 388 205 -343 778 1,649 818 867
Tax % 34% 30% 21% 30% 27% 26% 43% 28% -90% 43% 27% 25%
601 439 501 219 325 347 220 146 -36 446 1,204 617 667
EPS in Rs 18.89 13.81 15.75 6.89 10.22 10.90 6.91 4.61 -1.12 14.02 37.88 19.41 20.96
Dividend Payout % 16% 22% 19% 44% 29% 32% 29% 43% -18% 31% 30% 49%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 23%
TTM: 6%
Compounded Profit Growth
10 Years: 4%
5 Years: 13%
3 Years: 17%
TTM: -22%
Stock Price CAGR
10 Years: 9%
5 Years: 37%
3 Years: 28%
1 Year: -36%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 14%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 64 64 64 64 64 64 64 64 64 64 64 64 64
Reserves 2,471 2,799 3,180 3,633 3,937 4,288 4,254 4,032 4,003 4,758 5,722 6,052 6,131
0 0 679 0 0 0 0 0 1 1 2 3 3
1,175 1,091 1,045 1,012 1,120 1,044 894 967 905 1,064 1,166 1,249 1,150
Total Liabilities 3,710 3,953 4,966 4,709 5,121 5,395 5,211 5,063 4,973 5,886 6,953 7,368 7,347
1,780 1,862 1,771 1,719 2,075 2,147 2,131 2,058 1,585 1,510 1,454 1,552 1,803
CWIP 24 12 958 31 21 11 1 4 6 23 28 291 251
Investments 183 260 121 644 657 782 429 264 299 596 491 568 644
1,723 1,818 2,117 2,314 2,368 2,456 2,651 2,737 3,083 3,756 4,979 4,957 4,650
Total Assets 3,710 3,953 4,966 4,709 5,121 5,395 5,211 5,063 4,973 5,886 6,953 7,368 7,347

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
220 287 101 204 452 241 142 1 147 481 933 109
-109 -190 -13 -67 -350 -138 23 84 87 -674 -787 238
-111 -111 -111 -115 -115 -97 -134 -77 -63 -7 -137 -365
Net Cash Flow 0 -15 -23 22 -13 6 31 8 170 -199 8 -18

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 19 15
Inventory Days
Days Payable
Cash Conversion Cycle 9 15 21 30 28 20 29 35 40 27 19 15
Working Capital Days 149 258 243 356 228 178 228 271 290 153 147 229
ROCE % 40% 23% 16% 8% 12% 11% 14% 5% 1% 18% 31% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 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%
2.93% 3.61% 3.67% 4.07% 3.82% 3.08% 1.89% 1.76% 1.82% 1.60% 1.68% 1.94%
2.66% 2.11% 1.93% 1.72% 1.65% 1.51% 1.00% 0.89% 0.75% 1.00% 0.78% 0.75%
0.05% 0.05% 0.00% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.00% 0.00%
20.36% 20.23% 20.40% 20.15% 20.54% 21.41% 23.09% 23.34% 23.43% 23.36% 23.54% 23.33%
No. of Shareholders 1,10,2241,29,1711,30,6361,28,7211,28,2571,31,6401,56,0021,79,0432,29,4632,41,7252,52,0242,51,813

* 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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