Gujarat Mineral Development Corporation Ltd. NSE: GMDCLTD | BSE: 532181

Strong Performer, Getting Expensive

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612.60 -14.80 (-2.36%)

New 52W High in past week

5.8M

NSE+BSE Volume

NSE 24 Sep, 2025 10:23 AM (IST)

Industry Outperformer

Gujarat Mineral outperforms the coal & mining industry by 53.3% points over the past quarter See details

Gujarat Mineral Development Corporation Ltd. share price target

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

Gujarat Mineral Development Corporation Ltd. has an average share price target of 500. The consensus estimate represents a downside of -18.38% from the last price of 612.60. View 1 reports from 1 analysts offering long-term price targets for Gujarat Mineral Development Corporation Ltd..

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

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Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	24 Sep 2025	Gujarat Mineral	Consensus Share Price Target	612.60	231.00	-	-62.29	sell	pdf Detailed Estimates
	07 Sep 2016	Gujarat Mineral	HDFC Securities	612.60	125.00	94.05 (551.36%)	Target met	Buy	pdf post cache		Broker Report GMDC (Initiating Coverage): Turning a corner HDFC Securities GMDC has seen its lignite volume taper off in the past few years. Decline in international coal prices and heavy state taxation further weighed on lignite pricing. We expect lignite volumes to be close to bottoming out, while strengthening international coal prices and GST led normalization in taxation should help support lignite pricing and profitability.HDFC Securities initiate with a BUY and a TP of Rs 125 (5.0x FY18 EV/EBITDA). Valuation and view: With repeated disappointments on volume front weighing it down, GMDC trades at inexpensive valuations (3.6/2.9x FY17/18 EV/EBITDA and 10-11 P/E). Despite excess cash, payouts have been dismal. Higher payouts/buybacks, in line with other PSUs, should help rerate the valuations further. pdf Copy Link Share on Share on Share on Share on Alert

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New 52W High in past week

Gujarat Mineral Development Corporation Ltd. share price target

Gujarat Mineral Development Corporation Ltd. has an average share price target of 500. The consensus estimate represents a downside of -18.38% from the last price of 612.60. View 1 reports from 1 analysts offering long-term price targets for Gujarat Mineral Development Corporation Ltd..

GMDC (Initiating Coverage): Turning a corner

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