This is a numbers-first look at Gujarat Mineral Development Corporation Ltd. (GMDCLTD), covering income trends, margins, valuation, and shareholding.
GMDC Revenue Trend
At ₹3,206 Cr, Gujarat Mineral Development Corporation Ltd.'s FY2025 revenue was 17.3% ahead of the ₹2,733 Cr posted in FY2024.
On a 10-year view, revenue grew at 8.5% per year from ₹1,419 Cr to ₹3,206 Cr. Respectable, though not in the high-growth bracket.
At ₹3,206 Cr in annual revenue, Gujarat Mineral Development Corporation Ltd. is one of the mid-sized players in the mining space.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹3,206 Cr | +17.3% |
| FY2024 | ₹2,733 Cr | -29.8% |
| FY2023 | ₹3,895 Cr | +34.8% |
| FY2022 | ₹2,889 Cr | +96.6% |
| FY2021 | ₹1,470 Cr | — |
View Gujarat Mineral Development Corporation Ltd.'s full 10-year revenue trend with CAGR analysis →
GMDC Profitability
Net profit for Gujarat Mineral Development Corporation Ltd. climbed 11.1% to ₹686 Cr in FY2025.
The company's net margin contracted to 21.4% in FY2025 from 22.6% in FY2024.
On an EPS basis, the company earned ₹21.57 (diluted) in FY2025 versus ₹19.41 in FY2024.
Is GMDC Undervalued
Running the numbers through the P/E Ratio model gives a fair value of ₹325 for Gujarat Mineral Development Corporation Ltd..
Gujarat Mineral Development Corporation Ltd. shares are currently trading at ₹666.85.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹325 | 51.2% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
GMDC Shareholding Pattern
Promoters haven't moved — their 74.0% holding has been unchanged for 4 quarters.
The FII stake is at 3.8% as of March 2026, compared to 2.2% in the year-ago period.
Domestic institutions moved their stake up to 0.9% from 0.8% over the past year.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 74.0% | 3.8% | 0.9% | 21.3% |
| Dec 2025 | 74.0% | 2.3% | 0.9% | 22.8% |
| Sep 2025 | 74.0% | 3.3% | 0.8% | 21.9% |
| Jun 2025 | 74.0% | 2.2% | 0.8% | 23.0% |
Track quarterly shareholding changes for Gujarat Mineral Development Corporation Ltd. →
GMDC Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹77.50B at the end of FY2025, up 5.2% from ₹73.67B a year earlier.
Other Assets is the largest block at 54.4%, followed by Property, Plant & Equipment at 19.8% and Intangibles & Goodwill at 9.8%.
Equity makes up 82.7% of liabilities and equity, with debt at 1.6% and operating liabilities at 15.7%. Notable shift: Trade Payables is down 5.9% YoY (₹4.50B → ₹4.24B).
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 5.83B |
| Receivables | 849.90M |
| Inventories | 913.30M |
| Property, Plant & Equipment | 15.37B |
| Investments | 4.84B |
| Intangibles & Goodwill | 7.57B |
| Other Assets | 42.13B |
| Category | Value |
|---|---|
| Equity | 64.12B |
| Short-term Debt | 62.10M |
| Long-term Debt | 1.17B |
| Trade Payables | 4.24B |
| Other Liabilities | 7.92B |
What Stands Out About GMDC
To sum up Gujarat Mineral Development Corporation Ltd.'s financial position: the data paints a clear picture for investors evaluating this mining stock.
Revenue of ₹3,206 Cr in FY2025, up 17.3% year-over-year.
Long-term revenue has been compounding at 8.5% annually over 10 years.
The company is profitable, with a net margin of 21.4% and net income of ₹686 Cr.
The P/E Ratio model implies 51.2% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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