Gujarat Mineral Development Corporation Ltd - Stock Valuation and Financial Performance

BSE: 532181 | NSE: GMDCLTD | Mining & Minerals | Small Cap

GMDC Share Price

343.90 -3.55 -1.02%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on GMDC

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Gujarat Mineral Development Corporation stock performance -

mw4me loader
P/E Ratio (SA):
12.71
Market Cap:
10,936 Cr.
52-wk low:
122.8
52-wk high:
505

Is Gujarat Mineral Development Corporation Ltd an attractive stock to invest in?

1. Is Gujarat Mineral Development Corporation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gujarat Mineral Development Corporation Ltd is a average quality company.

2. Is Gujarat Mineral Development Corporation Ltd undervalued or overvalued?

The key valuation ratios of Gujarat Mineral Development Corporation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Gujarat Mineral Development Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gujarat Mineral Development Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of GMDC:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gujarat Mineral Development Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16.2%13.9%6.5%8.5%10.3%8%3.5%-0.9%10.1%23%-
Value Creation
Index
0.2-0-0.5-0.4-0.3-0.4-0.8-1.1-0.30.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2901,4191,1791,5372,0511,8801,4491,3292,7323,5012,664
Sales YoY Gr.-10%-16.9%30.4%33.5%-8.4%-22.9%-8.3%105.6%28.2%-
Adj EPS 13.713.37.110.213.510.94.6-1.21438.127.1
YoY Gr.--2.8%-47.2%44.8%31.8%-19%-58.3%-125.5%NA172.5%-
BVPS (₹) 90101.9115.2124.8138.4134.8127.8126.8150.5181.1185.4
Adj Net
Profit
436424224325428347145-374451,212860
Cash Flow from Ops. 28691.72084573251435.6149483934-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.7%11.3%34.2%28.2%
Adj EPS 12%23.2%103.1%172.5%
BVPS8.1%5.5%12.3%20.3%
Share Price 10.5% 33.4% 85% 169.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.213.96.58.510.283.5-0.910.12314.8
Op. Profit
Mgn %
47.836.725.427.426.929.88.8-0.226.538.530.9
Net Profit
Mgn %
33.829.91921.120.918.510-2.816.334.632.3
Debt to
Equity
0000000000-
Working Cap
Days
466476642522413478620731428443192
Cash Conv.
Cycle
-85135021614-6-11154

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.80%

Sales growth is growing at healthy rate in last 3 years 34.19%

Net Profit is growing at healthy rate in last 3 years 103.10%

Sales growth is not so good in last 4 quarters at -26.69%

Latest Financials - Gujarat Mineral Development Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 27.1 27.1
TTM Sales (₹ Cr.) 2,664 2,664
BVPS (₹.) 185.4 186.7
Reserves (₹ Cr.) 5,833 5,873
P/BV 1.85 1.84
PE 12.71 12.68
From the Market
52 Week Low / High (₹) 122.75 / 505.00
All Time Low / High (₹) 2.52 / 505.00
Market Cap (₹ Cr.) 10,936
Equity (₹ Cr.) 63.6
Face Value (₹) 2
Industry PE 16

Management X-Ray of GMDC:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,2901,4191,1791,5372,0511,8801,4491,3292,7323,501
Operating Expenses 6748998791,1161,4991,3191,3211,3322,0092,153
Manufacturing Costs5096605526698408038448921,4501,563
Material Costs-11-34-27-3-62-26-10
Employee Cost 8996106104188122144131133158
Other Costs 87146218370473400332311420442
Operating Profit 616520300421552560128-37231,348
Operating Profit Margin (%) 47.8%36.6%25.4%27.4%26.9%29.8%8.8%-0.2%26.5%38.5%
Other Income 138146151179119142169151155392
Interest 0211222232
Depreciation 1251371311511199692949881
Exceptional Items 0109000-2980-39700
Profit Before Tax 630636318447551307203-3447771,657
Tax 1901369412212216958-308332445
Profit After Tax 439500225325428139145-374451,212
PAT Margin (%) 34.1%35.3%19.1%21.2%20.9%7.4%10.0%-2.8%16.3%34.6%
Adjusted EPS (₹)13.815.77.110.213.54.44.6-1.214.038.1
Dividend Payout Ratio (%)22%19%42%29%26%46%44%-17%31%30%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2,8623,2423,6643,9694,4014,2864,0634,0334,7865,759
Share Capital 64646464646464646464
Reserves 2,7993,1783,6013,9054,3374,2223,9993,9694,7225,696
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables65516897110110137176209203
Others Liabilities 1,0188899371,016929776824670851919
Total Liabilities 3,9454,1824,6695,0825,4395,1725,0244,8785,8456,882

Fixed Assets

Gross Block2,8062,8181,8442,2272,4422,5222,5432,5602,5832,606
Accumulated Depreciation9431,0621272723904845786701,1631,242
Net Fixed Assets1,8621,7561,7171,9542,0522,0381,9661,8901,4201,364
CWIP 11463121111462323
Investments 260299570657863426259292587479
Inventories475244697298959890107
Trade Receivables528197119111147140145205189
Cash Equivalents 42932223060712436676
Others Assets1,6701,9382,1772,2382,3002,4012,4892,2043,4544,644
Total Assets 3,9454,1824,6695,0825,4395,1725,0244,8785,8456,882

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 286922084573251436149483934
PBT 630527318447551307203-3447771,657
Adjustment 2218161538304-3643312-251
Changes in Working Capital -118-34532130-58-271-3-68-83-25
Tax Paid -247-218-158-134-206-198-159129-222-447
Cash Flow From Investing Activity -190-13-70-352-220218285-675-788
Capex -189-74-155-459-206-71-10-12-39-24
Net Investments -78-39-25-1-101000-721-869
Others 771001111078792919784105
Cash Flow From Financing Activity -111-111-115-115-97-134-77-63-7-137
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -111-111-115-95-95-111-64-64-6-137
Others 000-19-2-23-1310-1
Net Cash Flow -15-3323-1083011172-1998
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.2716.396.58.5210.233.193.48-0.9110.123
ROCE (%)23.3320.899.2511.7513.27.124.92-8.4617.731.47
Asset Turnover Ratio0.350.360.280.330.40.360.30.270.510.55
PAT to CFO Conversion(x)0.650.180.921.410.761.030.04N/A1.090.77
Working Capital Days
Receivable Days12162725202534392321
Inventory Days12121413121723261310
Payable Days-2,039-8,3335,676-1,0960-6,343000-7,312

Gujarat Mineral Development Corporation Ltd Stock News

Gujarat Mineral Development Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of GMDC on 28-Mar-2024 16:01 is ₹343.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of GMDC stood at ₹10,936.
The latest P/E ratio of GMDC as of 28-Mar-2024 16:01 is 12.71.
The latest P/B ratio of GMDC as of 28-Mar-2024 16:01 is 1.85.
The 52-week high of GMDC is ₹505.0 and the 52-week low is ₹122.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GMDC is ₹2,664 ( Cr.) .

About Gujarat Mineral Development Corporation Ltd

Gujarat Mineral Development Corporation (GMDC) was incorporated on 15th May, 1963 to develop major Mineral Resources in the State and started with a Silica Sand quarrying Plant near Surajdeval (Dist. Surendranagar) for crushing and screening of Silica Sand required for Glass Industry. From this humble starting, GMDC today boasts of a vast array of Mineral Portfolio in its mineral rich basket. Hence, the journey of GMDC begins for Mining Sector of Gujarat.

The Fledgling State acutely the need to have a rapid Industrial Development, for requires Fuel and Energy resources. The motive inspired the state to incorporate a Public Sector Company that would target exclusive development of Mineral Resources endowed on the state. Thus, began a historical journey which has today reached a milestone of Glorious fifty five years.

Business area of the company

The company is engaged in business of mining and mineral processing. The product range of the company includes Lignite, Fluorspar- The company manufactures two grades of fluorspar namely acid and metallurgical and has applications in industries like steel, aluminium, hydrochloric acid, foundry flux and welding electrodes.The company also two Bauxite reserves. The company also in the business segment of Power Project, Mining Projects.

Products

Minerals & Mines

  • Lignite
  • Bauxite
  • Fluorspar
  • Manganese
  • Silica Sand
  • Limestone
  • Bentonite
  • Ball Clay

Power

  • Thermal Power
  • Wind Power
  • Solar Power
  • Green Footprint

Milestones

  • 1963: GMDC was incorporated on 15th May 1963
  • 1964: Fluorspar Mining Lease Allotted to GMDC
  • 1965: Allotted a Bauxite Mining Lease
  • 1974: Allotted a Lignite Mining Lease
  • 1983: Lignite Mine open at Rajpardi
  • 1994: GMDC commission Calcination Plant at Gadhsisa
  • 1996: Established a 250 (125*2) MW Thermal Power Plant
  • 1997: GMDC become a listed company in the Corporate World
  • 2002: Corporate Office at Ahmedabad
  • 2005: Lignite Mine opened at Tadkeshwar, Surat
  • 2006: All Manganese bearing areas of Gujarat reserved for GMDC
  • 2008: Lignite Mine opened at Bhavnagar
  • 2009: GMDC ventured into harnessing the wind energy and commissioned
  • 2010: The GMDC first implemented ISO-9001
  • 2011: The GMDC also embarked on a sophisticated Enterprise Resource Planning system
  • 2015: Lignite Mine opened at Umarsar, Kutch
  • 2016: Won Golden Peacock Occupational Health & Safety award 2016
  • 2019: The company once again wins National Mines Safety Awards
  • 2020: GMDC contributes Rs 25 crore to CM Relief Fund to fight the Corona Virus threat in the State
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