Gujarat Mineral Development
Market Cap
₹18.4b
Last Updated
2019/10/16 12:43 UTC
Data Sources
Company Financials +
Executive Summary
Gujarat Mineral Development Corporation Limited engages in mining business in India.
Snowflake
Fundamentals
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has Gujarat Mineral Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.6%
GMDCLTD
3.7%
IN Oil and Gas
2.3%
IN Market
1 Year Return
-39.7%
GMDCLTD
6.4%
IN Oil and Gas
0.3%
IN Market
Return vs Industry: GMDCLTD underperformed the Indian Oil and Gas industry which returned 6.4% over the past year.
Return vs Market: GMDCLTD underperformed the Indian Market which returned 0.3% over the past year.
Shareholder returns
| GMDCLTD | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 3.7% | 2.3% |
| 30 Day | -15.9% | 9.5% | 2.2% |
| 90 Day | -19.3% | 2.7% | -2.7% |
| 1 Year | -37.9%-39.7% | 9.4%6.4% | 2.3%0.3% |
| 3 Year | -40.0%-44.4% | 46.4%31.4% | 20.7%14.7% |
| 5 Year | -55.9%-62.1% | 65.3%39.1% | 41.4%28.2% |
Price Volatility Vs. Market
How volatile is Gujarat Mineral Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Why Gujarat Mineral Development Corporation Limited (NSE:GMDCLTD) Could Have A Place In Your Portfolio3 weeks ago | Simply Wall St
Is Gujarat Mineral Development Corporation Limited (NSE:GMDCLTD) At Risk Of Cutting Its Dividend?1 month ago | Simply Wall St
Estimating The Fair Value Of Gujarat Mineral Development Corporation Limited (NSE:GMDCLTD)Valuation
Is Gujarat Mineral Development undervalued compared to its fair value and its price relative to the market?
14.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: GMDCLTD (₹57.75) is trading below our estimate of fair value (₹67.64)
Significantly Undervalued: GMDCLTD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GMDCLTD is good value based on its PE Ratio (8.3x) compared to the Oil and Gas industry average (12x).
PE vs Market: GMDCLTD is good value based on its PE Ratio (8.3x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
Low PEG Ratio: GMDCLTD is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: GMDCLTD is good value based on its PB Ratio (0.4x) compared to the IN Oil and Gas industry average (1.2x).
Next Steps
Future Growth
How is Gujarat Mineral Development forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
30.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GMDCLTD's forecast earnings growth (30% per year) is above the savings rate (7.6%).
Earnings vs Market: GMDCLTD's earnings (30% per year) are forecast to grow faster than the Indian market (18.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GMDCLTD's revenue (4.2% per year) is forecast to grow slower than the Indian market (11.4% per year).
High Growth Revenue: GMDCLTD's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: GMDCLTD's Return on Equity is forecast to be low in 3 years time (9%).
Next Steps
Past Performance
How has Gujarat Mineral Development performed over the past 5 years?
-12.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: GMDCLTD's earnings have declined by -12.1% per year over the past 5 years.
Accelerating Growth: GMDCLTD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GMDCLTD had negative earnings growth (-36.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (10.3%).
Return on Equity
High ROE: GMDCLTD's Return on Equity (5.1%) is considered low.
Return on Assets
ROA vs Industry: GMDCLTD's Return on Assets is below or equal to the Oil and Gas industry average last year.
Return on Capital Employed
ROCE Improving: GMDCLTD has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Gujarat Mineral Development's financial position?
Financial Position Analysis
Short Term Liabilities: GMDCLTD's short term assets (₹15.0B) exceeds its short term liabilities (₹2.5B)
Long Term Liabilities: GMDCLTD's short term assets (15.0B) exceeds its long term liabilities (6.4B)
Debt to Equity History and Analysis
Debt Level: GMDCLTD is debt free.
Reducing Debt: GMDCLTD has no debt compared to 5 years ago when its debt to equity ratio was 0.07%.
Debt Coverage: GMDCLTD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GMDCLTD has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: GMDCLTD has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if GMDCLTD's debt is covered by short term assets.
Next Steps
Dividend
What is Gujarat Mineral Development's current dividend yield, its reliability and sustainability?
3.47%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: GMDCLTD's dividend (3.47%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: GMDCLTD's dividend (3.47%) is in the top 25% of dividend payers in the Indian market (2.5%)
Stable Dividend: GMDCLTD's dividend payments have been volatile in the past 10 years.
Growing Dividend: GMDCLTD's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.9%), GMDCLTD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GMDCLTD's dividends in 3 years are forecast to be thoroughly covered by earnings (14.9% payout ratio).
Next Steps
Management
What is the CEO of Gujarat Mineral Development's salary, the management and board of directors tenure and is there insider trading?
3.8yrs
Average board tenure
CEO
Arunkumar Solanki 0
3.3yrs
Tenure
₹3,189,079
Compensation
Mr. Arunkumar Mohanbhai Solanki, IAS has been Managing Director and Director at Gujarat Mineral Development Corporation Limited since July 02, 2016. Mr. Solanki joined Gujarat Mineral Development Corporati ...
CEO Compensation Analysis
Compensation vs. Market: Arunkumar's total compensation ($USD44.61K) is too low to compare against companies of similar size in the Indian market ($USD293.09K).
Compensation vs Earnings: Arunkumar's compensation has been consistent with company performance over the past year.
Board Age and Tenure
3.8yrs
Average Tenure
64yo
Average Age
Experienced Board: GMDCLTD's board of directors are considered experienced (3.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Lavanya Kulshrestha
Chief GM & CFO
- Tenure: 0yrs
Joel Evans
Company Secretary & Compliance Officer
- Tenure: 0yrs
Dilipkumar Vyas
General Manager of Geology & Tech
- Tenure: 0yrs
Ajaykumar Thakor
Chief General Manager
- Tenure: 0yrs
Pawan Bhootra
General Manager of Accounts
- Tenure: 0yrs
Amishkumar Makadia
General Manager of Sales
- Tenure: 0yrs
Arunkumar Solanki
MD & Non-Executive Director
- Tenure: 3.3yrs
- Compensation: ₹3.19m
Board Members
Gauri Kumar (64yo)
Additional Woman Independent Director
- Tenure: 0.3yrs
Nitin Shukla (67yo)
Independent Director
- Tenure: 5yrs
- Compensation: ₹15.00k
Satyanarayan Dangayach (67yo)
Independent Director
- Tenure: 5yrs
- Compensation: ₹37.50k
Manoj Das (53yo)
Chairman of the Board
- Tenure: 2.4yrs
- Compensation: ₹37.50k
Sonal Mishra
Non-Executive Director
- Tenure: 4.3yrs
- Compensation: ₹30.00k
Shailesh Gandhi (63yo)
Independent Director
- Tenure: 3.8yrs
- Compensation: ₹22.50k
Arunkumar Solanki
MD & Non-Executive Director
- Tenure: 3.3yrs
- Compensation: ₹3.19m
Company Information
Gujarat Mineral Development Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Gujarat Mineral Development Corporation Limited
- Ticker: GMDCLTD
- Exchange: NSEI
- Founded: 1963
- Industry: Coal and Consumable Fuels
- Sector: Energy
- Market Cap: ₹18.380b
- Shares outstanding: 318.00m
- Website: https://www.gmdcltd.com
Location
- Gujarat Mineral Development Corporation Limited
- Khanij Bhavan
- 132 Feet Ring Road
- Ahmedabad
- Gujarat
- 380052
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 532181 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jan 1998 |
| GMDCLTD | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jan 1998 |
Biography
Gujarat Mineral Development Corporation Limited engages in mining business in India. It operates in two segments, Mining and Power. The company explores for lignite, bauxite, fluorspar, manganese, silica s ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 12:43 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.