Gujarat Mineral Development Corporation Ltd.

NSE: GMDCLTD | BSE: 532181

Mid-range Performer

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304.15 -9.20 (-2.94%)

32.85% Fall from 52W High

607.5K NSE+BSE Volume

NSE 30 Apr, 2025 3:31 PM (IST)

9,672

Market Cap

Above industry Median

1.7

Beta 1Year

Very High Volatility

Gujarat Mineral Development Corporation Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for GMDCLTD, BSE:532181 Gujarat Mineral Development Corporation Ltd.

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Gujarat Mineral Development Corporation Ltd.

15 Jun 2022

304.15

-2.94%

Gujarat Mineral Development Corporation Ltd (GMDC)

Buy: Gujarat Mineral Developmen...

AUM Capital

Gujarat Mineral Development Corporation Ltd. is trading above its 100 day SMA of 298.8

Gujarat Mineral Development Corporation Ltd.

08 Aug 2019

304.15

-2.94%

Gujarat Mineral Development Corporation Ltd:Lower Off-take in Lignite Impacted Operating Performance

Hold: Gujarat Mineral Developmen...

Recommendation Target

Karvy

Gujarat Mineral Development Corporation (GMDC) in Q1FY20 has posted 26.2% decline in its sales volume of lignite to 2.293 Mn as against 3.107 Mn in Q1FY19 on YoY basis.

Gujarat Mineral Development Corporation Ltd. is trading above its 100 day SMA of 298.8

Gujarat Mineral Development Corporation Ltd.

13 May 2019

304.15

-2.94%

Gujarat Mineral Development Corporation Ltd: Stronger Q4FY19 but Yearly Performance Impacted by Volume

Buy: Gujarat Mineral Developmen...

Target

Karvy

Gujarat Mineral Development Corporation Limited has posted stronger set of standalone numbers for Q4FY19 on the back of 26% rise in volume to 2.66 Mn tonnes as against 2.104 Mn tonnes in previous quarter.

Gujarat Mineral Development Corporation Ltd. is trading above its 100 day SMA of 298.8

Gujarat Mineral Development Corporation Ltd.

02 Nov 2018

304.15

-2.94%

Gujarat Mineral Development Corporation Ltd: Weaker Quarter; Better Realization to Drive the Growth

Buy: Gujarat Mineral Developmen...

Target

Karvy

Weaker Quarter; Better Realization to Drive the Growth: GMDC Ltd. has posted weak result for Q2FY19 wherein sales at Rs. 2940 Mn hasde-grown by 54.4% on QoQ and 15.0% on YoY basis as against our estimates of 34.3% de-growth on QoQ and 23.0% growth on YoY basis.

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

Gujarat Mineral Development Corporation Ltd.

13 Aug 2018

304.15

-2.94%

Gujarat Mineral Development Corporation Ltd: Robust Demand f...

Buy: Gujarat Mineral Developmen...

Karvy

Robust Demand for Lignite is in Place: Continuing with its good operating performance, GMDC in Q1FY19 reported operating numbers which are broadly in line with our estimates. The company posted revenue of Rs. 6448 Mn which is up by 11% (vs. our estimate of 13% ) on YoY basis as against Q1FY18.

Gujarat Mineral Development Corporation Ltd. is trading below its 150 day SMA of 315.5

Gujarat Mineral Development Corporation Ltd.

16 May 2018

304.15

-2.94%

Gujarat Mineral Development Corporation Ltd: GMDC on Strong ...

Buy: Gujarat Mineral Developmen...

Karvy

GMDC on Strong Earning Trajectory: GMDC has reported 38.5% growth in production of lignite to 10.60 Mn MTs in FY18 as against 7.65 Mn MTs in FY17 on the back of strong demand. Revenue from lignite sales grew by 36.4% over the same period.

Gujarat Mineral Development Corporation Ltd. has lost -27.60% in the last 1 Year

Gujarat Mineral Development Corporation Ltd.

13 May 2018

304.15

-2.94%

GMDC (4QFY18): Blowout FY18, bargain still visible. Maintain BUY

Buy: Gujarat Mineral Developmen...

Target

HDFC Securities

Our SoTP value of Rs 210/sh (see inside) is based on 6.5x Mar 20E EBITDA. GMDCs 4QFY18 numbers were strong with revenues at Rs 20.7bn (16.8% YoY) and adj. EBITDA of Rs 1.98bn (33.1% YoY). Reported nos. were hit by (1) Salary arrears and gratuity provision of Rs 631mn, and (2) Change in depreciation method on power assets (Rs 623mn). 4Q volumes were strong (3.4 mt, 27% YoY/QoQ). APAT rose 51.8% YoY to Rs 1.37bn.

Gujarat Mineral Development Corporation Ltd. has lost -27.60% in the last 1 Year

Gujarat Mineral Development Corporation Ltd.

28 Feb 2018

304.15

-2.94%

Gujarat Mineral Development Corporation Ltd: Reduced Tax Inc... (Feb 28, 2018)

Buy: Gujarat Mineral Developmen...

Target

Karvy

Reduced Tax Incidence: Igniting Lignite Demand: The company reported an impressive performance in Q3FY18, wherein top line grewby 33.1%, while bottom line grew at 68.8% on YoY basis. Good showing has been an outcome of lignite becoming price competitive to coal following fixation of GST rate of 5% for lignite and other minerals.

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

Gujarat Mineral Development Corporation Ltd.

16 Nov 2017

304.15

-2.94%

Gujarat Mineral Development Corporation Ltd: Lignite Competi... (Nov 16, 2017)

Buy: Gujarat Mineral Developmen...

Target

Karvy

Continuance of superior performance: GMDC has posted strong set of operating numbers during Q2FY18 and half year ended on Sept 30, 2017. The standalone revenue for Q2FY18 came in at Rs.3457 Mn as against Rs.2477 Mn in Q2FY18, registering growth of 39.6% YoY basis.

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

Gujarat Mineral Development Corporation Ltd.

14 Nov 2017

304.15

-2.94%

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. is trading above its 100 day SMA of 298.8

Is Gujarat Mineral Development Corporation Ltd. worth buying?

342 Votes:

Buy 81.58%

Sell 9.36%

Hold 9.06%