NSE/GMDCLTD

GMDCLTDGujarat Mineral Development

Metals · NSE

₹736.9-1.32%

52-wk low52-WEEK RANGE52-wk high

₹268.65+174.3% from low ·-1.3% from high₹746.75

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

GMDCLTD+174.30% · 1Y

Range high ₹771.9Range low ₹261Latest ₹736.9252 bars · daily-close · NSE bhavcopy + 10Y history

MetalsThermal CoalMidcapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite75/100

Performance

High

Amongst the strong performers in the market.

· 52w return +124.7% — strong momentum
· Trades 28.5% above 200-DMA — uptrend intact

Valuation

Medium

Valuation close to the sector median.

· P/E 22.3 close to sector median 22.1

Growth

Medium

Steady but not standout growth.

· Revenue YoY +15.8%
· Profit YoY +12.1%

Profitability

High

Showing good signs of profitability & efficiency.

· ROE 14.7%
· Net margin 24.1% — strong pricing power

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeA(75/100)

Durability

82/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score6/9 (67pt)
Altman Z" score2.65 (100pt)
Debt/Equity0.04 (100pt)
ROE14.7% (59pt)

Valuation

50/100

Trading at a premium — growth must keep delivering to justify.

Show 4 drivers

P/E vs sector (22.3 / 22.1)101% (60pt)
P/B3.28 (70pt)
Dividend yield1.37% (34pt)
EV/EBITDA34.0 (12pt)

Momentum

A+

92/100

Strong, confirmed momentum across price + technicals.

Show 5 drivers

52w change+124.7% (100pt)
DMA-trend alignmentstrong up (100pt)
RSI (14)79.7 (65pt)
Price vs 200-DMA+38.9% (100pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)22.32

FAIR

CheapestP/E 22.3 near sector median.Most expensive

P/B3.28

FAIR

CheapestP/B 3.28 at 50th %ile of sector.Most expensive

EV/EBITDA34.00

OVERVALUED

Monthly seasonality

Avg monthly return over 10 years · historical — not a forecast

Best: Apr +12.35% · Worst: Feb -4.61%

Jan

+7.5%

50% win

Feb

-4.6%

30% win

Mar

-1.8%

40% win

Apr

+12.3%

80% win

May

+1.8%

50% win

Jun

+1.5%

Monthly return distribution

Distribution of 120 monthly returns

Mean

+2.96%

Median

+0.24%

Std dev

14.41%

Best

+54.4%

Worst

-38.1%

% positive

53%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 4

Lean balance sheet (D/E 0.04)
Low leverage means earnings are less sensitive to rate cycles
Strong net margin (24.1%)
High margin indicates pricing power + operating efficiency
Bankruptcy risk low (Altman Z″ 2.65)
Z″ above 2.60 sits squarely in the 'safe' zone
Top quartile ROE in Metals
Rank 3 of 10 peers

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 1

Strong uptrend — DMA stack bullish
Price > 20-DMA > 50-DMA > 200-DMA: momentum tailwind intact

THREATS · 1

RSI overbought at 80
Above 75 often precedes consolidation or short-term pullbacks

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

-1.3%

+22.2%

+39.4%

+29.8%

+18.7%

+175.6%

+73.1%

+63.5%

10Y

+27.4%

Fundamentals

VALUATION

Market cap

₹22,069 Cr

P/E (TTM)

22.3

P/E (fwd)

30.3

next 12m

P/B

3.28

EV/EBITDA

34.0

Book value

₹211.46

per share

PROFITABILITY · QUALITY

ROE

14.7%

ROCE

—

Net margin

24.1%

Op margin

13.6%

Gross margin

83.2%

D/E

0.04

GROWTH · MARKET

Rev YoY

+15.8%

Profit YoY

+12.1%

Div yield

1.37%

Payout

32.5%

52w change

+124.7%

Beta

0.23

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 2

+Nearly debt-free (D/E 0.04)Low financial risk — funds growth from internal accruals, resilient in downturns
+Top-3 ROE in Metals sectorBest-in-class profitability among 10 listed peers

CONS · 1

−Up +124.7% over the last yearLarge run-up — some froth may be priced in; check if fundamentals have caught up

Sector-relative context

Metals · 10 peers

P/E (TTM)

This stock

22.32

Sector median

22.14

Rank 6/10 (50th %ile)

ROE

This stock

14.7%

Sector median

14.7%

Rank 8/10 (30th %ile)

P/B

This stock

3.28

Sector median

3.62

Rank 5/10 (60th %ile)

Quality score · Piotroski F-score

6 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
✗Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE2.65

Z″ = 2.65 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.101	×6.56	0.664
Retained Earnings / Total Assets (B)	0.265	×3.26	0.865
EBIT / Total Assets (C)	0.107	×6.72	0.717
Book Equity / Total Liabilities (D)	0.382	×1.05	0.401

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

1 analysts · UNDERPERFORM

Target mean

₹231.00

Target high

₹231.00

Target low

₹231.00

Upside vs today

-66.7%

Street consensus target is -66.7% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Thermal Coal

Employees

765

Shares out

31.8

Revenue (TTM)

₹2,736 Cr

EBITDA

₹681 Cr

Total debt

₹278 Cr

Cash

₹595 Cr

Net debt

₹-317 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	653	786	733	528	579
Operating profit	—	66	189	147	48	79
OPM %	—	10.1%	24.1%	20.1%	9.0%	13.6%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	2,732	3,498	2,463	2,851
Operating profit	627	1,261	536	566
OPM %	23.0%	36.0%	21.8%	19.8%
Interest	3	2	3	2
Depreciation

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
GMDCLTDTHIS Gujarat Mineral Development Corporation Limited	₹736.9	+124.7%	22,069	22.3	3.28	14.7%	0.04	+15.8%
HINDZINC Hindustan Zinc Limited	₹592.3	+30.9%	2,49,357	21.1	18.20	86.2%	0.88	+17.4%
HINDALCO Hindalco Industries Limited	₹1,039	+67.0%	2,26,997	14.0	1.67	11.9%	0.58	+13.9%
JINDALSTEL JINDAL STEEL LIMITED	₹1,270	+40.1%	1,31,022	66.3	2.64	4.0%	0.38	+10.9%
NATIONALUM National Aluminium Company Limited	₹438.75	+171.8%	78,668	12.8	3.96	—	0.00	+27.7%
NMDC NMDC Limited	₹89.78	+32.4%	78,511	11.4	2.42	—	0.11	+11.1%
SAIL Steel Authority of India Limited	₹173.33	+49.4%	71,334	25.6	1.23	—	0.58	-2.8%
JSL Jindal Stainless Limited	₹788.2	+38.4%	64,502	22.0	14.33	—	0.38	+1.9%
APLAPOLLO APL Apollo Tubes Limited	₹2,105.7	+31.6%	58,644	49.9	12.73	25.5%	0.15	+14.2%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Date	Amount
2025-09-18	₹10.10
2024-09-20	₹9.55
2023-09-22	₹11.45
2022-09-22	₹4.30
2021-11-17	₹0.20
2020-12-22	₹2.00
2019-09-20	₹2.00
2018-09-19	₹3.50
2017-09-20	₹3.00
2016-09-21	₹3.00

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	64	64	64	64
Reserves	1,561	2,637	2,881	3,265
Borrowings	1	2	3	126
Other liabilities	15	13	7	6
Total liabilities	5,882	6,951	7,367	7,750
Fixed assets	1,119	1,081	1,169	1,580
CWIP	27	30	149	582
Investments	584	476	545	464
Other assets	0	686	0	579
Total assets	5,882	6,951	7,367	7,750

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	481	933	110	1,059
CF Investing	-674	-787	254	-808
CF Financing	-7	-137	-365	-183
Net cash flow	-199	8	-0	68
Free cash flow	442	908	-369	415

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	19.8%	21.8%	36.0%	23.0%
Net margin %	24.1%	24.3%	34.4%	16.3%
ROE %	21.9%	21.2%	55.7%	27.4%
ROCE %	28.0%	28.3%	76.2%	48.0%
Debt / Equity	0.04	0.00	0.00	0.00
Interest coverage	411.4×	309.2×	692.9×	236.2×
Revenue growth YoY	+15.8%	-29.6%	+28.0%	—
Profit growth YoY	+14.8%	-50.4%	+170.1%	—

GMDCLTDGujarat Mineral Development

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Metals

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Technical snapshot

Dividends + splits history

Stock scorecard

SWOT analysis

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Metals