Gujarat Mineral Development Corporation Ltd. News and Updates

Name: Latest research reports of Gujarat Mineral Development Corporation Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Gujarat Mineral Development Corporation Ltd.
Rating: 5
Author: HDFC Securities

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Gujarat Mineral Development Corporation Ltd.

14 Nov 2017

405.20

0.42%

GMDC (2QFY18): Strong off-peak quarter, acceleration hereon. Maintain BUY

Buy: Gujarat Mineral Developmen...

Target

HDFC Securities

Maintain BUY with a TP of Rs 216 (6.5x Sep 19 EV/EBITDA). Our TP implies a valuation of Rs 15/61 mn/MW for thermal/wind assets. GMDC 2QFY18 numbers were ahead of estimates (EBITDA: Rs 1.01bn, 53.3/(45.0)% YoY/QoQ, Est 714mn), mainly due to higher realisations at Mata-no-Madh which saw pricing improve sharply (Rs1,975/t, 21.9/46.5% YoY/QoQ). Power division delivered EBITDA/kWh of Rs 1.53 (13.2/23.2% YoY/QoQ) mainly due to higher proportion of wind in the mix.

Gujarat Mineral Development Corporation Ltd. has gained 52.54% in the last 3 Months

Gujarat Mineral Development Corporation Ltd.

12 Aug 2017

405.20

0.42%

GMDC (1QFY18): Volumes fuelled show. Maintain BUY

Buy: Gujarat Mineral Developmen...

Target

HDFC Securities

Maintain BUY with a TP of Rs 190 (6.5x June 19 EV/EBITDA). Our TP implies a valuation of Rs 15/48 mn/MW for thermal/wind assets. GMDC numbers were inline with estimates (EBITDA: Rs 1.83bn, 31.7/23.4% YoY/QoQ, Est 1.79bn). This was driven by strong lignite volumes (2.82 mT, up 35% YoY). Mata-No-Madh (Kutch) delivered the bulk of this jump (0.96 mT, 3.0x YoY), while the other mines also pitched in to offset lower volumes from Panandhro.

Gujarat Mineral Development Corporation Ltd. is trading above all available SMAs

Gujarat Mineral Development Corporation Ltd.

12 Aug 2017

405.20

0.42%

GMDC Ltd: Lower Rate of GST Proving to be Big Catalyst to Gr... (Aug 12, 2017)

Buy: Gujarat Mineral Developmen...

Karvy

Remarkable Operating Performance Brightens Future Growth Prospects:GMDC has posted a very encouraging set of numbers at both sales and operating levels. The revenue from operations for Q1FY18 came at Rs.5831 Mn as against Rs.4104 Mn of Q1FY17 and Rs.5439 Mn of Q4FY17 thereby demonstratinggrowth of 42.1% on YoY basis and 7.2% on QoQ basis respectively. EBITDA of the company in Q1FY18 stood at Rs.1833 Mn which grew by 31.7% YoY basis and 23.4% on QoQ basis; in the process EBITDA margin deteriorated by 246 bps on YoYbasis but improved by 412 bps on QoQ basis.

Gujarat Mineral Development Corporation Ltd. has gained 52.54% in the last 3 Months

Gujarat Mineral Development Corporation Ltd.

21 Jun 2017

405.20

0.42%

Nearly three lakh perform yoga at one place, set world record

Business Line

The 3rd edition of International Yoga Day was held under the guidance of Baba Ramdev at GMDC ground in Ahmedabad.

Gujarat Mineral Development Corporation Ltd. is trading above all available SMAs

Gujarat Mineral Development Corporation Ltd.

05 Jun 2017

405.20

0.42%

Gujarat Mineral Development Corporation Ltd: Outstanding Q4F... (Jun 05, 2017)

Buy: Gujarat Mineral Developmen...

Target

Karvy

Excellent Numbers on Mining and Power Fronts: Gujarat MineralDevelopment Corporation (GMDC) has posted standalone revenue from operations of Rs.5439Mn in Q4FY17 as against Rs.3594 Mn in corresponding quarter of FY16thereby recording sharp YoY growth of 51.4%. Such a great showing in revenue has been an outcome of sharp rise in income from Mining and Power segments whichregistered growth of 63.3% and 17.5% respectively on YoY basis.

Number of FII/FPI investors increased from 95 to 105 in Mar 2025 qtr.

Gujarat Mineral Development Corporation Ltd.

31 May 2017

405.20

0.42%

GMDC net profit soars 127%

Business Line

Gujarat Mineral Development Corporation (GMDC) Ltd has registered a 127 per cent jump in standalone profit after tax (PAT) of Rs 90.01 crore for the fourth quarter ended March 31, 2017. The state...

Gujarat Mineral Development Corporation Ltd. has gained 52.54% in the last 3 Months

Gujarat Mineral Development Corporation Ltd.

15 May 2017

405.20

0.42%

GMDC (4QFY17): Proof of pudding. Maintain BUY

Buy: Gujarat Mineral Developmen...

Target

HDFC Securities

GMDC numbers were ahead of estimates (EBITDA: Rs 1.48bn vs est Rs 1.03bn, ~2x YoY). This was driven mainly by lower mining costs (Rs471/t, 13.5% YoY, -33.6% QoQ), partly due to Panandhro returning to production. We expect mining costs to harden going ahead since Panandhro will likely not contribute beyond 1HFY18. Strong production volumes (2.6 mTPA, 30.8% YoY) were in line vs estimates.

Gujarat Mineral Development Corporation Ltd. has gained 52.54% in the last 3 Months

Gujarat Mineral Development Corporation Ltd.

11 May 2017

405.20

0.42%

GMDC posts 127% jump in standalone net profit

Business Line

State-run mining major Gujarat Mineral Development Corporation Ltd (GMDC) has posted a standalone net profit of Rs 90 crore for the fourth quarter ended March 2017 against Rs 39.55 crore in the...

Gujarat Mineral Development Corporation Ltd. is trading above all available SMAs

Gujarat Mineral Development Corporation Ltd.

10 May 2017

405.20

0.42%

GMDC surges 16% as Q4 profit more than doubles

Business Standard

The company posted net profit at Rs 90 crore in Q4 against Rs 40 crore in a year ago quarter

Gujarat Mineral Development Corporation Ltd. is trading above all available SMAs

Gujarat Mineral Development Corporation Ltd.

18 Feb 2017

405.20

0.42%

Gujarat Mineral Development Corporation Ltd: Robust Financia... (Feb 18, 2017)

Buy: Gujarat Mineral Developmen...

Target

Karvy

Robust Financial Performance Amidst Improved Macro Economic Environment: Government's Thrust on Infrastructure and Manufacturing to Propel Growth Momentum: Gujarat Mineral Development Corporation (GMDC) has delivered encouraging result wherein its sales in value terms in Q3FY17 has grown toRs.3803 Mn from Rs.2657 Mn, posting 43.1% YoY growth as against corresponding quarter of FY16.

Gujarat Mineral Development Corporation Ltd. is trading above all available SMAs

Is Gujarat Mineral Development Corporation Ltd. worth buying?

347 Votes:

Buy 81.84%

Sell 9.22%

Hold 8.93%

78.83% Gain from 52W Low

Gujarat Mineral Development Corporation Ltd. News and Updates

Keep track of all breaking news on Gujarat Mineral Development Corporation Ltd. from all sources in a single place.