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Gujarat state-owned miner of lignite coal, along with bauxite, fluorspar and some wind power generation.
Gujarat state-owned miner of lignite coal, along with bauxite, fluorspar and some wind power generation.
Sells lignite, a low-grade brown coal, mainly to power plants and industrial users near its Gujarat mines, with bauxite, fluorspar and wind power smaller lines. The Gujarat state government owns it and controls the mining leases.
In one line: A state-owned Indian lignite/mineral miner.
Moat: narrow (regulatory licence, scale). State-granted mining leases in Gujarat give access to captive mineral resources.
Headquarters: Ahmedabad, India · Founded: 1963 · Employees: 1,864
Size Gujarat Mineral Development (GMDCLTD.NS) is an India Consumer Discretionary company (Wholesale Distributors) with a market value of $1.56B, the 455th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹463.70 on 6 Nov 2026.
Performance Over six months the shares fell 34.1%, against +25.1% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 10 in its peer set.
Growth Revenue grew 18.6% over the last twelve months (peer median +17.3%); the operating margin is 15.0% (peer median 9.3%).
Valuation It trades at 16.0× forward earnings against a peer median of 15.5× (4th cheapest of 7).
Capital Return on invested capital runs 11.2 points below its cost of capital (16.5% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹32.0B | ₹26.5B | ₹28.5B | ₹24.6B | ₹35.0B |
| Revenue growth | — | -7% | +16% | -30% | — |
| Gross profit | ₹11.1B | ₹6.72B | ₹10.2B | ₹7.03B | ₹14.1B |
| EBITDA | ₹6.16B | ₹10.6B | ₹6.79B | ₹6.28B | ₹13.5B |
| Net income | ₹6.61B | ₹9.57B | ₹6.80B | ₹5.97B | ₹12.0B |
| Free cash flow | n/a | -₹1.30B | ₹6.26B | -₹1.95B | ₹10.1B |
| Capital expenditure | n/a | ₹10.3B | ₹6.44B | ₹4.79B | ₹250M |
| Total debt | ₹3.43B | ₹3.17B | ₹1.26B | ₹28.2M | ₹20.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Gujarat Mineral Development GMDCLTD.NS | $1.56B | -34% | +19% | 15% | 16.0× | n/a |
| Coal India COALINDIA.NS | $26.1B | -14% | +23% | 19% | 7.2× | -9.0% |
| NLC India NLCINDIA.NS | $3.50B | -28% | +17% | 18% | 9.9× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GMDCLTD.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.8% | -7.6% | 4th highest of 10 |
| 6-month return | -34.1% | +25.1% | 2nd lowest of 10 |
| Distance from 52-week high | -39.9% | -25.4% | 2nd lowest of 10 |
| Revenue growth (TTM) | +18.6% | +17.3% | 5th highest of 10 |
| Operating margin | 15.0% | 9.3% | 3rd highest of 10 |
| Forward P/E | 16.0× | 15.5× | 4th cheapest of 7 |
| ROIC minus cost of capital | -11.2 pp | -1.1 pp | 3rd lowest of 10 |
| EV / EBITDA | 23.4× | 12.3× | 3rd most expensive of 8 |
| Net debt / EBITDA | -0.5× | -0.5× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gujarat Mineral Development GMDCLTD.NS | India | $1.56B | -34% | +19% | 15% | 16.0× | n/a | n/a |
| Cricut CRCT | United States | $1.84B | +104% | -1% | 17% | 31.3× | -10.4% | -5.9% |
| GigaCloud Technology GCT | United States | $2.08B | +45% | +23% | 12% | 11.1× | 8.0% | +36.2% |
| Lloyds Enterprises LLOYDSENT.NS | India | $988M | -12% | +33% | 8% | n/a | n/a | n/a |
| Grafton GFTU.L | United Kingdom | $2.59B | +25% | +9% | 6% | 13.6× | 8.8% | +8.5% |
| MMTC MMTC.NS | India | $847M | -20% | -20% | -6,724% | n/a | n/a | n/a |
| ARKO Petroleum APC | United States | $704M | -23% | -12% | 2% | 17.5× | 4.8% | -7.6% |
| Sharda Cropchem SHARDACROP.NS | India | $655M | -39% | +17% | 14% | 9.3× | -2.6% | +17.1% |
| Aegis Logistics AEGISLOG.NS | India | $4.23B | +54% | +20% | 21% | 27.3× | 26.9% | +16.7% |
| Marine Electricals (India) MARINE.NS | India | $571M | +66% | +22% | 9% | n/a | n/a | n/a |