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  2. SECTOR : METALS & MINING
  3. INDUSTRY : COAL & MINING
  4. GUJARAT MINERAL DEVELOPMENT CORPORATION LTD.
Gujarat Mineral Development Corporation Ltd.
NSE: GMDCLTD | BSE: 532181

Gujarat Mineral Live Share Price Today, Share Analysis and Chart

Slowing Down Stock
BasketIn 3 Starfolio Baskets
aboutGujarat Mineral Development Corporation Ltd. (GMDC) is a major minerals and lignite mining company based in Gujarat, India. It plays a significant role in the state's energy and industrial landscape by acting as a primary supplier of lignite to a div... Read More
Production VolumeRealization per Tonne
Ask AI about Gujarat Mineral
425.400.85(0.20%)

New 52W Low in past week

954.6K
NSE+BSE Volume

NSE 03 Nov, 2026 3:08 PM (IST)

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27.7 / 100
Slowing Down StockThese stocks have medium financials and valuations, but weak momentum indicating decreasing investor interestView SimilarEmbed DVM
Analyst Price Target
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SWOT Analysis

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Medium rank

8Positive14Negative

36.4%Pass in checklist

045
55
100

PE Valuation Check

Right Now
Overvalued
-23.5%
1 Year Forward
Undervalued
8.1%
INSIGHTGujarat Mineral is overvalued at current PE, but undervalued on future earnings estimates

Gujarat Mineral Stock Price Analysis

Day Price Range

0.2% 1 Day return
425.4 (LTP)
418.2438.7
LowHigh

Week Price Range

-0.8% 1 Week return
425.4 (LTP)
394.6442.6
LowHigh

Month Price Range

-12.8% 1 Month return
425.4 (LTP)
394.6499.9
LowHigh

52 Week Price Range

-28.4% 1 Year return
425.4 (LTP)
394.6771.9
LowHigh
View full Price History/Seasonality

Gujarat Mineral Forecaster - Analyst Share Price Target and Estimates

Revenue forecast

Miss

Gujarat Mineral's Revenue was lower than average estimate 3 times in past 3 years

EPS forecast

CURRENT EPS
31.2
AVG. ESTIMATE
29.4
LOW ESTIMATE
29.4
HIGH ESTIMATE
29.4
CURRENT EPS
AVG. ESTIMATE
Miss

EPS is expected to reduce by 5.6% in FY27

Consensus Recommendation

1 ANALYST Recommendations
SELL

The consensus recommendation from 1 analyst for Gujarat Mineral is SELL

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Gujarat Mineral Technical Analysis

Gujarat Mineral EMA & SMA

Bearish-8
0 bullish, 8 bearish
Bullish0
Bearish8
5 Day427.7
10 Day436.6
12 Day440.5
20 Day456.3
26 Day467.2
50 Day499.9
100 Day535.7
200 Day548.9

Gujarat Mineral Delivery And Volume

Daily Avg. Delivery Volume %
02 Nov, 202630.7%
Week26.2%
Month35.0%
Legend
Positive IndicatorNeutral IndicatorNegative Indicator

Gujarat Mineral Resistance and Support

415.53
Pivot
First Resistance436.5
Second Resistance448.5
Third Resistance469.5
First Support403.6
Second Support382.6
Third Support370.6
Day RSI31.9
Day MACD-26.6
Day MFI29.2
Day MACD Signal Line-26.4

Gujarat Mineral Beta

1 Month1.2
1 Year1.2
3 Month1.0
3 Year1.5

Gujarat Mineral Price Change Analysis

↓-12.8%
Over 1 Month
LowHigh
394.6499.9
↓-24.6%
Over 3 Months
LowHigh
394.6617.2
↓-42.2%
Over 6 Months
LowHigh
394.6746.5
↓-28.4%
Over 1 Year
LowHigh
394.6771.9
All Technicals →

Gujarat Mineral Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026
 
NameCategorySharesShares %
Governer Of GujaratPromoter235,320,00074 %
HufPublic3,263,5751.0 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

All Shareholding details

Gujarat Mineral Deals - Insider, Bulk, Block and SAST

Client NameDeal TypeActionDateAvg. PriceQuantityExchange
MICROCURVES TRADING PRIVATE LIMITEDBulkSell16 Apr 2026710.681,808,818NSE
MICROCURVES TRADING PRIVATE LIMITEDBulkPurchase16 Apr 2026710.461,808,818NSE
GRAVITON RESEARCH CAPITAL LLPBulkSell27 Nov 2025560.232,106,593NSE
GRAVITON RESEARCH CAPITAL LLPBulkPurchase27 Nov 2025559.882,106,241NSE
HRTI PRIVATE LIMITEDBulkSell23 Sep 2025615.012,500,980NSE
GRAVITON RESEARCH CAPITAL LLPBulkSell23 Sep 2025610.721,995,001NSE
JUNOMONETA FINSOL PRIVATE LIMITEDBulkSell23 Sep 2025619.702,720,723NSE
HRTI PRIVATE LIMITEDBulkPurchase23 Sep 2025614.402,813,606NSE
GRAVITON RESEARCH CAPITAL LLPBulkPurchase23 Sep 2025610.301,995,001NSE
JUNOMONETA FINSOL PRIVATE LIMITEDBulkPurchase23 Sep 2025619.362,720,723NSE
All deals
All insider trades

Gujarat Mineral Corporate Actions

Gujarat Mineral Dividend history and yield

Gujarat Mineral dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track Gujarat Mineral dividend yield over time.

#Ex-Date
Dividend AmountDividend TypeRecord DateInstrument Type
123 Sep 2026
9.5FINAL23 Sep 2026Equity Share
218 Sep 2025
10.1FINAL18 Sep 2025Equity Share
320 Sep 2024
9.55FINAL-Equity Share
422 Sep 2023
11.45FINAL-Equity Share
522 Sep 2022
4.3FINAL-Equity Share

Gujarat Mineral Bonus shares

Gujarat Mineral bonus history along with announcement, record, ex-bonus dates, and bonus ratios.

#Ex-Date
Bonus RatioRecord Date
116 Oct 2008
1:117 Oct 2008

Gujarat Mineral Board Meetings

Gujarat Mineral past and upcoming board meetings.

#Ex-Date
PurposeNotes
130 Oct 2026
Quarterly Results-
231 Jul 2026
Quarterly Results-
314 May 2026
Audited Results & Dividend-
413 Feb 2026
Quarterly Results-
514 Nov 2025
Quarterly Results-

Gujarat Mineral Stock Split

Gujarat Mineral stock split details, including announcement, record, and ex-split dates, along with the split ratios

#Ex-Date
Old FVNew FVRecord Date
108 Nov 2007
10216 Nov 2007
All Corporate Actions

Gujarat Mineral Research Reports

Gujarat Mineral research reports with share price targets, and buy/hold/sell recommendations from top brokers.

#
Date
Broker NameTargetPrice When RecommendedTypeUpsideChange Since RecommendationLinks
129 Jul 2025Mastertrust Broking & Investments500402.85Buy24.12%6.17%pdf
214 Jun 2022AUM Capital168137.05Buy22.58%212.08%pdf
307 Aug 2019Karvy
Reco
Target
7465.75Hold12.55%550.49%pdf
412 May 2019Karvy8773.75Buy17.97%479.93%pdf
501 Nov 2018Karvy10786.15Buy24.2%396.46%pdf
All Reports of Gujarat

Gujarat Mineral Corporate Filings

Gujarat Mineral BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.

DateAnnouncement TitleDetailsLinks
30 Oct 2026
Q2FY27 Quarterly Result Announced for Gujarat Mineral Development Corporation Ltd.
Coal & Mining company Gujarat Mineral Development Corporation announced Q2FY27 results Consolidated Financial Highlights: Revenue from operations: For Q2FY27, revenue from operations stood at Rs 902.97 crore, showing a minor QoQ decline of 0.40% from Rs 906.64 crore in Q1FY27 but registering a significant YoY increase of 71.15% from Rs 527.58 crore in Q2FY26. For H1FY27, revenue from operations reached Rs 1,809.61 crore, representing a growth of 43.60% compared to Rs 1,260.18 crore in H1FY26. Total income: For Q2FY27, total income reached Rs 986.78 crore, up 0.41% QoQ from Rs 982.79 crore in Q1FY27 and up 55.21% YoY from Rs 635.76 crore in Q2FY26. For H1FY27, total income reached Rs 1,898.13 crore, up 49.79% over Rs 1,267.21 crore in H1FY26. Wait, looking closely at total income for H1FY27, total segment revenue is Rs 1,898.13 crore, whereas page 11 outlines total income as Rs 1,969.57 crore, which grows by 36.25% against Rs 1,445.57 crore in H1FY26. Profit before tax (PBT): For Q2FY27, PBT was Rs 234.60 crore, increasing 3.23% QoQ from Rs 227.25 crore in Q1FY27 but down 62.74% YoY from Rs 629.70 crore in Q2FY26. For H1FY27, PBT stood at Rs 461.85 crore, lower by 45.93% compared to Rs 854.13 crore in H1FY26. Profit after tax (PAT): For Q2FY27, PAT was Rs 170.79 crore, up 4.50% QoQ from Rs 163.43 crore in Q1FY27 but down 63.33% YoY from Rs 465.75 crore in Q2FY26. For H1FY27, PAT stood at Rs 334.22 crore, recording a drop of 46.91% compared to Rs 629.52 crore in H1FY26. Earnings per share (EPS): For Q2FY27, basic and diluted EPS reached Rs 5.37, growing 4.47% QoQ from Rs 5.14 in Q1FY27 but falling 63.34% YoY from Rs 14.65 in Q2FY26. For H1FY27, basic and diluted EPS was Rs 10.51, dropping 46.92% compared to Rs 19.80 in H1FY26. Standalone Financial Highlights: Revenue from operations: For Q2FY27, revenue from operations stood at Rs 902.97 crore, showing a slight QoQ decrease of 0.40% from Rs 906.64 crore in Q1FY27 and increasing YoY by 71.15% against Rs 527.58 crore in Q2FY26. For H1FY27, revenue from operations reached Rs 1,809.61 crore, expanding 43.60% compared to Rs 1,260.18 crore in H1FY26. Total income: For Q2FY27, total income achieved was Rs 986.78 crore, increasing 0.41% QoQ from Rs 982.79 crore in Q1FY27 and higher by 55.24% YoY over Rs 635.68 crore in Q2FY26. For H1FY27, total income was Rs 1,969.57 crore, climbing 36.25% from Rs 1,445.57 crore in H1FY26. Profit before tax (PBT): For Q2FY27, PBT was Rs 234.60 crore, up 3.23% QoQ from Rs 227.25 crore in Q1FY27 but lower YoY by 62.99% against Rs 633.94 crore in Q2FY26. For H1FY27, PBT reached Rs 461.85 crore, reflecting a contraction of 46.21% compared to Rs 858.63 crore in H1FY26. Profit after tax (PAT): For Q2FY27, PAT stood at Rs 171.23 crore, advancing 5.04% QoQ from Rs 163.01 crore in Q1FY27 but down 63.59% YoY from Rs 470.35 crore in Q2FY26. For H1FY27, PAT reached Rs 334.24 crore, down by 47.32% relative to Rs 634.48 crore in H1FY26. Earnings per share (EPS): For Q2FY27, basic and diluted EPS was Rs 5.38, increasing 4.87% QoQ from Rs 5.13 in Q1FY27 and down 63.62% YoY from Rs 14.79 in Q2FY26. For H1FY27, basic and diluted EPS stood at Rs 10.51, representing a decrease of 47.32% against Rs 19.95 in H1FY26. Business Highlights: Segment Performance: Mining Segment: For Q2FY27, segment revenue was Rs 809.90 crore, dropping 3.70% QoQ from Rs 841.01 crore in Q1FY27 but expanding 63.69% YoY from Rs 494.78 crore in Q2FY26. For H1FY27, segment revenue stood at Rs 1,650.91 crore, up 39.91% compared to Rs 1,180.02 crore in H1FY26. Standalone operating results for Mining in Q2FY27 were Rs 194.26 crore, down 6.64% QoQ from Rs 208.07 crore but up 78.88% YoY from Rs 108.60 crore. Power Segment: For Q2FY27, segment revenue reached Rs 135.97 crore, showing a QoQ growth of 22.22% from Rs 111.25 crore in Q1FY27 and a YoY surge of 241.38% from Rs 39.83 crore in Q2FY26. For H1FY27, segment revenue was Rs 247.22 crore, up 183.54% from Rs 87.19 crore in H1FY26. Standalone operating results turned around QoQ to a profit of Rs 8.70 crore from a loss of Rs 6.00 crore in Q1FY27. Result PDF
PDF
30 Oct 2026
Gujarat Mineral Development Corporation Ltd - 532181 - Unaudited Financial Results For Quarter Ended On 30Th September 2026
Unaudited Financial Results for Quarter ended on 30th September, 2026
PDF
22 Oct 2026
Gujarat Mineral Development Corporation Ltd - 532181 - Announcement under Regulation 30 (LODR)-Change in Directorate
Appointment of Prof. Amit Karna as Additional Independent Director
PDF
21 Oct 2026
Gujarat Mineral Development Corporation Ltd - 532181 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release
PDF
19 Oct 2026
Gujarat Mineral Development Corporation Ltd - 532181 - Intimation Of ESG Rating
Intimation of ESG Rating
PDF
VIEW ALL

Gujarat Mineral DocumentsAsk MarketMind AI

Gujarat Mineral Earnings Call

Gujarat Mineral earnings calls, including management commentary and AI-generated summaries.

DateTitleLinks
02 Aug 2024GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAi summaryLink
31 Jul 2024GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
11 Aug 2023GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeLink
21 Feb 2023GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
21 Oct 2022GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. - 532181 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
view all

Gujarat Mineral Annual Reports

Gujarat Mineral financials, including annual results, balance sheets, and cash flow statements.

DateReport TitleLinks
2026Annual Report Mar-2026Link
2024Annual Report Mar-2024Link
2023Annual Report Mar-2023Link
2022Annual Report Mar-2022Link
2021Annual Report Mar-2021Link

Gujarat Mineral Credit Ratings

Gujarat Mineral credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

DateRating AgencyCompany NameDescriptionLinks
27 Sep 2026care ratingsGujarat Mineral Development Corporation LimitedLink
21 Aug 2025care ratingsGujarat Mineral Development Corporation LimitedLink
27 Aug 2024care ratingsGujarat Mineral Development Corporation LimitedLink
21 Aug 2024care ratingsGujarat Mineral Development Corporation LimitedLink
04 Sep 2023care ratingsGujarat Mineral Development Corporation LimitedLink

Gujarat Mineral - Company Profile

Gujarat Mineral Management Structure

Gujarat Mineral management structure with salaries, total experience, and qualifications.

NAMEDESIGNATIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Mr. Sanjeev Kumar Om Prakash SharmaHead(Project Planning,Administration)66.35Mar 25
Mr. Prafulkumar Shashibhusan RastogiGeneral Manager(Plant)52.36Mar 25
Mr. Sumantkumar Indralal VermaGeneral Manager(Power Projects)48.59Mar 25
Mr. Gautam Kanakatte Narayana RaoChief Security Officer(Human Resources)47.77Mar 25
Mr. Rajiv Subhash Chander GadihokeHead(Project Planning,Administration)46.69Mar 25
Mr. Amishkumar Kantilal MakadiaSenior General Manager(Technical)43.57Mar 25
Mr. Abhay Anant PatwardhanHead(Quality Control)41.92Mar 25
Mr. Sureshkumar Madanlal JoshiGeneral Manager(Copper.,Project.)41.89Mar 25
Mr. Swagat RayGeneral Manager(Project Planning,Development)41.27Mar 25
Mr. Rajatkumar Sadhu Charan DashGeneral Manager(Sales & Marketing)41.22Mar 25
Smt A K IyerGeneral Manager(Accounts),Chief Financial Officer38.33Mar 25
Joel EvansCompany Secretary,Compliance Officer28.5Mar 25

Gujarat Mineral Board of Directors

Gujarat Mineral Board of directors with salaries, total experience, and qualifications.

NAMEPOSITIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Roopwant SinghED / MD / Promoter39.14Mar 26
Shri Rajinder KhannaIndependent Non Exe. Director2Mar 26
Gauri KumarIndependent Non Exe. Director1.6Mar 26
Sharvil P PatelIndependent Non Exe. Director1Mar 26
MAMTA VERMANon Executive Director0.6Mar 26
SANDEEP RAJENDRAPRASAD KUMARNon Executive Director0.6Mar 26
Hasmukh AdhiaChairman & Non Executive Dir.-Mar 26
Joel EvansCompany Sec. & Compli. Officer-Mar 26
Amit KarnaAdditional Director-Mar 26
Website: www.gmdcltd.com

About the company - Business Profile

Gujarat Mineral Development Corporation Ltd. (GMDC) is a major minerals and lignite mining company based in Gujarat, India. It plays a significant role in the state's energy and industrial landscape by acting as a primary supplier of lignite to a diverse range of industries, including textiles, chemicals, and ceramics. Beyond lignite, the company has diversified its operations into the extraction of base minerals and power generation through wind and solar projects.

Key Points

  • Key Facts: GMDC was established in 1963 and is headquartered in Ahmedabad, Gujarat. It is a state government enterprise with the Government of Gujarat as its major shareholder. The company is listed on the BSE and NSE.
  • Operations and Resources:
    • Lignite: The company operates several open-cast lignite mines across Gujarat. It currently caters to approximately 25% of the state's total lignite demand and aims to increase this to 30-35% in the near term.
    • Bauxite: GMDC operates bauxite mines primarily in the Kutch and Devbhoomi Dwarka districts. In FY 2023-24, it produced 96,000 MT from the Gadhsisa Group (Kutch) and 1,10,000 MT from the Mevasa mines (Dwarka).
    • Strategic Assets: The company has been awarded two coal blocks in Odisha, which it is in the process of operationalizing. It also holds assets in manganese and fluorspar.
  • Market Significance: GMDC serves the MSME sector extensively. Its lignite supply helps regional industries reduce coal transportation costs and minimizes reliance on imported coal.
  • Revenue Breakdown (FY 2024-25):
    • Mining Segment: Rs. 2,850.84 crore (Primary revenue driver).
    • Power Segment: Rs. 354.71 crore (Includes thermal, wind, and solar).
    • Total Revenue from Operations: Rs. 2,850.84 crore (Net after inter-segment adjustments).
  • Business Model and Strengths: The company operates on a mine-to-market value chain model. It excels in large-scale open-cast mining and maintains a debt-free financial profile. Its dominant position in the lignite market in Gujarat provides a stable revenue base.
  • Technology and Innovation:
    • Bauxite Beneficiation: GMDC is planning to establish beneficiation plants with investments between Rs. 15 crore and Rs. 45 crore to add value to plant-grade and non-plant-grade bauxite.
    • Modernization: It has engaged consultancy firm Deloitte to fast-track the operationalization of six new lignite mines.
  • Strategic Initiatives and Outlook:
    • Production Targets: The company aims to scale lignite production from the current levels to 15 million tonnes by FY26.
    • Diversification: Significant focus is being placed on the renewable energy sector and adding value to base minerals like fluorspar and bauxite.
    • Expansion: Exploration of new mining leases in Gujarat and development of the newly acquired coal blocks in Odisha are central to its long-term growth.

References

  1. Annual Report May 2024
  2. Result Feb 2026
  3. Result Nov 2025

Gujarat Mineral FAQ

Gujarat Mineral today is trading in the green, up by 0.2% at ₹425.4.
Gujarat Mineral is currently trading up 0.2% on an intraday basis. In the past week the stock fell 0.83%. Stock has been down 24.61% in the past quarter and fell 28.42% in the past year. You can view this in the share price history/seasonality section.
Gujarat Mineral is listed on NSE with the ticker GMDCLTD and on BSE as 532181. It's currently trading on NSE at a share price of ₹425.4 and on BSE with a share price of ₹426.
The market cap of Gujarat Mineral is ₹13,527.72 Cr. as of Nov 03, 2026.
Gujarat Mineral announced a FINAL dividend of 475% which equals ₹9.5 in Sep 23, 2026.The last three ex-dates for Gujarat Mineral were Sep 18, 2025, Sep 20, 2024 and Sep 22, 2023. To view the full dividend history of Gujarat Mineral click here.
Gujarat Mineral has undergone 1 stock split and announced bonus shares 1 time since its BSE/NSE listing. The latest announcement for Gujarat Mineral stock split was on Nov 08, 2007 at a ratio of 10:2 and the last bonus share announcement was on Oct 16, 2008 at a ratio of 1:1.
Gujarat Mineral reported ₹986.78 Cr. in revenue, ₹170.79 Cr. in net profit, and ₹274.03 Cr. in EBITD as of Oct 30, 2026 for Q2 FY26-27.
According to the prediction of 1 analyst, the share price prediction for Gujarat Mineral is ₹267 with a downside of 37%.
The PE ratio of Gujarat Mineral is 20.45 as of Nov 03, 2026.
The PB ratio of Gujarat Mineral is 1.87 as of Nov 03, 2026.
There are no analyst reports for Gujarat Mineral.
You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.
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