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G M D C share price & results

G M D C· Metals & Mining· Commodities

Results to
Jun 2026
Latest analysed call
Q4 FY25
Ownership as of
Sept 2026

Gujarat govt-owned miner of lignite, bauxite and limestone, diversifying into coal, copper and rare earths.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue907 ₹ crore+23.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin21.0 %−2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit163 ₹ crore−0.6% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity8.44 %−6.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-11.41 %−28.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)2.28 %−3.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

0 of 1 judged target kept · 8 open · verdicts reflect calls analysed to Q4 FY25.

G M D C management guidance track record on Inve: 9 targets tracked across analysed earnings calls (0 achieved, 1 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
Lignite Production10 million tons
Call transcript, Q4 FY25 · 23 May 2025		Q4 FY25Q4 FY25:Achieved 8 million tons due to safety incident and land delays.
Call transcript, Q4 FY25 · 23 May 2025		Missed
Total Lignite Production15 million tons by the end of this decade
Call transcript, Q4 FY25 · 23 May 2025		Q4 FY25Q4 FY25:Timeline revised from 'end of this decade' to 'by 2035'.
Call transcript, Q4 FY25 · 23 May 2025		Delayed
Lignite Volume Growth (Existing Mines)10% to 15% growth
Call transcript, Q4 FY25 · 23 May 2025		Q4 FY25Q4 FY25:Guidance issued for FY26.
Call transcript, Q4 FY25 · 23 May 2025		New

Source: Inve Guidance Tracker for G M D C · to Q4 FY25

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of G M D C's 9 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 6 more targets are in the full ledger.

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Price

₹428.95 +1.02% · +₹4.35

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −26.7% 1Y

₹400₹500₹600₹700Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26

1Y: ₹585.3 on 24 Oct 2025 → ₹428.95. High ₹746.75 (16 Apr 2026), low ₹424.6 (23 Oct 2026).

Previous close
₹424.6
Market cap
₹13.6k Cr
52-week range
₹424.6 – ₹746.75
One year
−25.76%
Price to earnings (TTM to Jun 2026)
23.93×
Return on equity (TTM to Jun 2026)
8.44%

Overview

Symbol
NSE:GMDCLTD
Industry
Commodities
Exchange
NSE
Currency
INR

What G M D C does

Based on the company's own presentations, annual report and earnings calls.

Gujarat Mineral Development Corporation is a Government of Gujarat enterprise that mines and sells lignite, bauxite, limestone, fluorspar and manganese, and generates power. It earns primarily by extracting lignite from mines in Kutch, Bhavnagar and South Gujarat and selling it to industrial users (textiles, cement, ceramics, chemicals, brick manufacturing) and to its own captive thermal plant. It also runs the coal-fired Akrimota Thermal Power Station and a portfolio of wind and solar assets, selling power under long-term PPAs. The company is expanding into commercial coal mining in Odisha and into critical minerals (copper and rare earth elements) in Gujarat.

Segments

  • Mining
  • ATPS (Thermal Power)
  • Renewable Energy
  • Corporate/Others
Operating lignite mines
4 (Mata no Madh, Rajpardi, Tadkeshwar, Bhavnagar/Umarsar)
Upcoming lignite mines
6 new mines (Lakhpat-Punrajpar, Damlai, EFG Valia, Panandhro Extension, Bharkandam) with ~483 MT reserves
Coal mines acquired in Odisha
3 (Baitarni West, Burapahar, Kudanali Lubri) with over 2 billion tonnes geological resources
Thermal power capacity
250 MW (Akrimota Thermal Power Station, 2x125 MW units)
Renewable energy capacity
205.9 MW across 8 projects (200.9 MW wind, 5 MW solar)
Bauxite mines
11 mines at Gadhsisa and Bhatia
Founded 1963Headquarters Khanij Bhavan, 132 Ft. Ring Road, Near University Ground, Vastrapur, Ahmedabad, Gujarat Company website

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