EN DE

Gujarat Mineral Development Corporation Limited (GMDCLTD) Fair Value & Analysis

Energy · IN · Market cap ₹194B (≈ $2.1B) · ISIN INE131A01031

What is Gujarat Mineral Development Corporation Limited really worth?

GM Gujarat Mineral Development Corporation Limited GMDCLTD · NSE
Price₹562.95
Fair Value₹178.23
Upside−68.3%
Quality52/100

A solid business, but trading 216% above our fair value of ₹178.23.

Watch Gujarat Mineral Development Corporation Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Highly profitable · 36.1% net margin

Risks

!Weak Growth (revenue 5y +13.4 %/yr)
!Low debt · negative free cash flow
!Trails peers (5/13)
!Moderate moat 47/100

For context

·1.79% dividend yield
Evidence: High Range ₹116.35 – ₹269.04

Fair value as of: Aug 30, 2026

From 17 valuation models · updated 6 days ago

Share price −2.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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)

₹746.75 ₹53.08 Fair Value ₹178.23 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range ₹53.08 – ₹746.75 · fair‑value band ₹116.35 – ₹269.04 · the ₹562.95 price screens above the ₹178.23 fair value. Dashed = 300-day average. As of Aug 30, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Gujarat Mineral Development Corporation Limited (GMDCLTD) currently trades at ₹562.95, while our model-based Fair Value estimate is ₹178.23, implying the stock looks roughly 215.9% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of ₹391.49 per share, and 1 of the 17 models we run sit above the ₹562.95 price. Bear case: the DCF Models group reads lowest at ₹31.67, and 16 of the 17 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Gujarat Mineral Development Corporation Limited 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 30, 2026

Our scenario range runs from ₹116.35 (bear case) to ₹269.04 (bull case); at ₹562.95, 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 27% below its 52-week high and 53% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at −22% fair-value upside, at −68%, GMDCLTD screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹8.61 per share, which is 4.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Owner Earnings ₹22.31 ₹31.67 ₹46.83 74
EPV ₹57.49 ₹65.70 ₹72.88 74
ROIC Compounder ₹57.49 ₹65.70 ₹72.88 70
All 17 models by family
DCF Models
Owner Earnings ₹22.31 ₹31.67 ₹46.83 74
Earnings-Based
Graham-Dodd ₹204.57 ₹774.21 ₹1,048 62
Lynch FV ₹187.63 ₹268.05 ₹348.46 59
PEG = 1.0 ₹187.63 ₹268.05 ₹348.46 55
EPV ₹57.49 ₹65.70 ₹72.88 74
Dividend Discount
Gordon GGM ₹92.74 ₹192.82 ₹305.89 64
DDM Multi-Stage ₹92.74 ₹162.59 ₹202.37 64
Multiples
P/E Multiple ₹315.88 ₹421.18 ₹526.47 63
P/S Multiple ₹71.40 ₹95.19 ₹118.99 58
P/B Multiple ₹300.26 ₹400.34 ₹500.43 55
EV/EBIT ₹85.82 ₹111.69 ₹137.56 66
EV/EBITDA ₹71.01 ₹91.94 ₹112.87 67
EV/Revenue ₹74.84 ₹103.40 ₹131.96 54
Asset-Based
NCAV (Graham) ₹111.21 ₹149.02 ₹222.41 54
Economic Profit
Residual Income ₹214.32 ₹267.28 ₹625.34 67
ROIC Compounder ₹57.49 ₹65.70 ₹72.88 70
Growth Earnings
Growth-Adj P/E ₹274.04 ₹391.49 ₹508.93 65

Widest divergence: Growth Earnings (₹391.49) versus DCF Models (₹31.67). Highest evidence: Owner Earnings (74).

Notify me when GMDCLTD reaches fair value

Put GMDCLTD on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 18.7
P/S ratio 7.09 P/E × margin
EPS (TTM) ₹30.11 price ÷ EPS = P/E 18.7
Dividend yield 1.8% payout 33.5%
Net margin 37.9% FY2026
Return on equity 14.2% TTM
More key figures
Profitability
Return on assets (EBIT) 9.4% avg 5y
Operating margin 6.8% TTM
Growth
Revenue (TTM) ₹26.5B TTM
Revenue growth (YoY) −9.2% 3y avg −10.3%
EPS growth (YoY) −14.3%
Balance sheet & cash flow
Free cash flow −₹1.1B FY2026
Net cash ₹2.2B FY2026

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 54 · Market factors (momentum, volatility) 60

Profitability 50
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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 Limited 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹25.2B
Latest YoY
−11.5%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−10.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.4%
Avg. revenue growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.6%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+28.2% (26.4 + 1.8)
Revenue −2.0%/yr
FY22 ₹27.3B
FY23 ₹35.0B
FY24 ₹24.6B
FY25 ₹28.5B
FY26 ₹25.2B
Net income +21.0%/yr
FY22 ₹4.5B
FY23 ₹12.0B
FY24 ₹6.0B
FY25 ₹6.9B
FY26 ₹9.6B
Character of growth · EPS growth decomposed (2015-2026) +8.8 % p.a.
Revenue per share +7.7 %

of which total revenue +7.7 % · buybacks/dilution +0.0 %

EBIT margin −1.6 %
Tax rate +0.1 %
Residual (interest, one-offs) +2.6 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

GMDCLTD screens 216% overvalued. Compare with China Shenhua Energy Company →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Gujarat Mineral Development Corporation Limited Fair Value". https://www.fairvalue-calculator.com/stock/GMDCLTD

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.

Quality Score 52 · Above median
Fair Value upside −68% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 36% · Top 25%
Operating margin (TTM) 7% · Below median
Revenue growth −9% · Below median
Dividend yield (TTM) 1.8% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 18.7× · Pricier than median
P/B 2.74× · Pricier than 75% of peers
P/S (TTM) 7.30× · Pricier than 75% of peers
EV/EBITDA 43.0× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 8
FUTURE0 · sector 0
PAST57 · sector 21
HEALTH98 · sector 93
DIVIDEND36 · sector 54

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.

Coal Oil & gas

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
China Shenhua Energy Company 601088 ¥48.05 ¥34.97 −27%
PT Bayan Resources Tbk., BYAN 15,325 IDR 3,542 IDR −77%
Adani Enterprises Limited ADANIENT ₹2,965 ₹891.11 −70%
Shaanxi Coal Industry Company 601225 ¥25.08 ¥23.90 −5%
Yankuang Energy Group 600188 ¥21.60 ¥13.24 −39%
Coal India Limited COALINDIA ₹417.85 ₹464.01 +11%
533278 533278 ₹406.50 ₹660.78 +63%
China Coal Energy Company 601898 ¥13.93 ¥13.91 +0%
PT Dian Swastatika Sentosa Tbk, DSSA 1,145 IDR 352.75 IDR −69%
Inner Mongolia Dian Tou Energy Corporation 002128 ¥26.48 ¥20.72 −22%

Compare Gujarat Mineral Development Corporation Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Energy stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Gujarat Mineral Development Corporation Limited (GMDCLTD) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of ₹178.23 versus a price of ₹562.95, about −68% upside (overvalued).
What is the fair value of GMDCLTD?
Our model-based fair value for Gujarat Mineral Development Corporation Limited is ₹178.23 (as of Aug 30, 2026), built from audited fundamentals. The current price: ₹562.95.
What is the quality score of GMDCLTD?
Gujarat Mineral Development Corporation Limited has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Gujarat Mineral Development Corporation Limited (GMDCLTD)?
Gujarat Mineral Development Corporation Limited reported trailing-twelve-month revenue of about ₹26.5B (latest available figure, as of Aug 30, 2026).
What is the net profit margin of GMDCLTD?
The net profit margin of Gujarat Mineral Development Corporation Limited is about 36.1%, meaning it keeps roughly 36.1% of revenue as net income. Based on the latest reported figures.
Does Gujarat Mineral Development Corporation Limited pay a dividend?
Gujarat Mineral Development Corporation Limited currently shows a dividend yield of about 1.79% relative to its recent price (as of Aug 30, 2026).
Free · no account needed

Watch Gujarat Mineral Development Corporation Limited in the live analysis

One click puts Gujarat Mineral Development Corporation Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.