Gujarat Mineral Development Corporation Ltd (GMDCLTD) — shareholding pattern, promoter holding, financials and share price
About Gujarat Mineral Development Corporation Ltd (GMDCLTD)
Gujarat Mineral Development Corporation Ltd operates in the Industrial Minerals industry, within the Metals & Mining sector. It trades on the NSE as GMDCLTD and on the BSE under scrip code 532181. Its ISIN is INE131A01031.
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]
Gujarat Mineral Development Corporation Limited (GMDC) is the largest merchant seller of lignite in India and also produces bauxite, calcined bauxite, fluorspar, and manganese ore. It has diversified into power generation through coal and lignite.
The company is undergoing a substantial capacity expansion, with major investments in new lignite and coal mines set to ramp up production significantly in the coming years. This aligns with GMDC’s strategy to boost its mineral output sustainably.
Listed peers in Industrial Minerals: Gravita India Ltd, Ashapura Minechem Ltd, MOIL Ltd, Orissa Minerals Development Company Ltd, 20 Microns Ltd, NILE Ltd.
Valuation & Returns
10 Jul 2026At ₹589.85 a share on 10 Jul 2026, Gujarat Mineral Development Corporation Ltd (GMDCLTD) was valued at a price-to-earnings ratio of 19.61x against an industry P/E of 17.16x and a price-to-book of 2.93x on a book value of ₹201.63 per share as of Mar 2025. Solomo computes return on equity of 14.92% and return on capital employed of 19.5% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 19.61x
- Industry P/E
- 17.16x
- P/B
- 2.93x
- EPS (TTM)
- ₹30.08
- Book value / share
- ₹201.63
- ROE
- 14.92%
- ROCE
- 19.5%
- ROA
- 12.34%
- Debt / equity
- 0.02x
- Dividend yield
- 1.71%
- EBITDA margin
- 52.37%
- 52-week range
- ₹374.55 – ₹771.5
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Gujarat Mineral Development Corporation Ltd (GMDCLTD) reported revenue of ₹2,653 crore, net profit of ₹957 crore and earnings per share of ₹30.08. That compares with revenue of ₹2,851 crore and net profit of ₹686 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹814 crore and net profit ₹194 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 2,732 | 3,498 | 2,463 | 2,851 | 2,653 |
| Net profit (₹ cr) | 446 | 1,204 | 597 | 686 | 957 |
| EPS (₹) | 14.02 | 37.88 | 18.78 | 21.57 | 30.08 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 9.94% | 13.39% | 1.43% | 15.77% |
| Profit growth | 13.24% | 36.51% | 15.61% | 14.80% |
| Stock price CAGR | 21% | 54% | 49% | 55% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74% of Gujarat Mineral Development Corporation Ltd (GMDCLTD) (unchanged from the previous quarter), foreign institutional investors (FII) hold 3.65% and domestic institutional investors (DII) hold 0.82%. Market capitalisation was ₹18,757 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2002.
Largest disclosed public shareholders in Jun 2026: HUF 1.02%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74% | - | 3.65% | 0.82% | 26% |
| Mar 2026 | 74% | - | 3.75% | 0.94% | 26% |
| Dec 2025 | 74% | - | 2.29% | 0.87% | 26% |
| Sep 2025 | 74% | - | 3.32% | 0.76% | 26% |
| Jun 2025 | 74% | - | 2.25% | 0.79% | 26% |
| Mar 2025 | 74% | - | 2.15% | 0.76% | 26% |
| Dec 2024 | 74% | - | 1.94% | 0.74% | 26% |
| Sep 2024 | 74% | - | 1.68% | 0.78% | 26% |