Gujarat Mineral Development Corporation Ltd

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA+ by CARE.
• ResultsMixedIn the Jun 2026 quarter, sales rose 24% and profit fell 0.6% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 74% of the company, about the same as in Jun 2025.
• ValuationExpensive vs its pastThe share trades at 24.3 times its yearly earnings (P/E), pricier than 77% of the time in the last 5 years. Its usual P/E is about 10.

Gujarat Mineral Development Corporation Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)24.3 against a typical 24.9: cheaper than most peers (1st = cheapest).7th of 15
• Sales growth+23.7% against a typical +28.9% from a year earlier.8th of 14
• Profit growth−0.6% against a typical +3.1% from a year earlier.7th of 10
• Share price, 3 months−24% against a typical −20.1%.12th of 15

Exchange filings and their impact on the company.

• 21 Oct 2026Press ReleaseLow impactNeutralPrice −1.8% on 22 Oct
  GMDC paid Rs 223.55 cr dividend to the Gujarat government, implying ~Rs 300 cr total payout with no operational impact.

  GMDC presented a dividend cheque of Rs 223.55 crore to the Government of Gujarat on October 21, 2026. The payment to the promoter government implies a total dividend of around Rs 300 crore, consistent with its historical ~30-50% payout. It is a routine cash distribution with no impact on operations.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Anupma K. Iyer

Chief Financial Officer, General Manager - Accounts

Joel Shantilal Evans

Compliance Officer, Company Secretary

Roopwant Singh

Managing Director, Executive Director