Gujarat Mineral Development Corporation (GMDCLTD) Fair Value & Analysis

Energy · IN · Market cap ₹194B

A solid business, but screening 70% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹269.04). The favourable scenario is already priced in.
• Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (₹116.35 to ₹269.04) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹47.25 – ₹746.75 · fair‑value band ₹116.35 – ₹269.04 · the ₹593.25 price screens above the ₹178.23 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Gujarat Mineral Development Corporation (GMDCLTD) currently trades at ₹593.25, while our model-based Fair Value estimate is ₹178.23, implying the stock looks roughly 70.0% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Gujarat Mineral Development Corporation generated revenue of ₹26.5B at a net margin of 36.1%. Revenue declined 9.2% year over year. It earns a return on equity of 14.2%. The balance sheet holds a net cash position of ₹2.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹116.35 (bear case) to ₹269.04 (bull case); at ₹593.25, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -5% fair-value upside, at -70%, GMDCLTD screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings (₹391.49) versus DCF Models (₹31.67). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Gujarat Mineral Development Corporation Limited engages in mining and mineral processing business in India. The company operates through two segments, Mining and Power. It explores for lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay.

Full company description

Gujarat Mineral Development Corporation Limited engages in mining and mineral processing business in India. The company operates through two segments, Mining and Power. It explores for lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay. The company's products used in the textiles, chemicals, ceramics, bricks and captive power. Its products are also used in the electricity and synthetic natural gas generation, agriculture, mining and refining, transportation, hydrofluoric acid, refrigerant gas, flux in metallurgical, tableware, quick and hydrated lime, limestone tile and slab, wall cladding, vanity top, and synthetic foundry moulding catalyst sectors. The company also generates power using thermal, wind, and solar resources. The company has a strategic collaboration with University of Cambridge for the development of an AI-powered rare earth supply chain observatory and a platform that tracks the rare earth elements value chain. Gujarat Mineral Development Corporation Limited was incorporated in 1963 and is based in Ahmedabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Gujarat Mineral Development Corporation reported revenue of ₹25.2B in FY2026 versus ₹27.3B in FY2022, a compound −2.0%/yr. Reported net income was ₹9.6B in FY2026, compounding +21.0%/yr from FY2022.

GMDCLTD screens 70% overvalued. Compare with China Shenhua Energy Company →

Peer Group

Thermal Coal · 99 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Thermal Coal median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.