New Product Or Brand Launch
Expected: Post-FY28MEDIUM confidence
What: Rare Earth revenue: FY28-30
Impact: Not Given
Gujarat Mineral Development Corporation Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +15.5%Weak12w Streak
In , Gujarat Mineral Development Corporation Ltd (Mining/Minerals) is outperforming Nifty 500 with +15.5% relative strength. Fundamentals: Weak. On a 12-week streak.
Gujarat Mineral Development Corporation Ltd Key Facts
- PE Ratio
- 34.0x
- Market Cap
- ₹21,773 Cr
- PAT Growth YoY
- -10%
- Revenue Growth YoY
- -11%
- OPM
- 17.0%
- RS vs Nifty 500
- +15.5%
PE: At PeakRiding Wave
What's Happening
📊PE near cycle highs — limited room for further expansion
📊Debt increased 121% YoY — leverage rising
🌐FII stake increased 1.6% this quarter
💰Trading 22% above estimated fair value — significant premium
Earnings Acceleration Triggers
1. New Product Or Brand Launch
Post-FY28MEDIUM
2. Regulatory Approval Or License Win
FY27MEDIUM
Key Risks
1. Rising cost of production for lignite and fluctuating demand from key industrial
HIGH2. SEBI administrative warning regarding deficient disclosures related to environme
LOWSector-Specific Signals
Lignite Production Volume8 million tonnesBelow target
Power Segment Operating Result-₹11 CrNegative
Mining Segment Revenue (9M)₹1,733.25 Cr
Other Income Share of PBT56.46%Increased
Key Numbers
PAT Growth YoY
-10%
Inflection Down
Revenue YoY
-11%
Inflection Down
Operating Margin
17.0%
+300 bps YoY
PE Ratio
34.0
Current Price
₹685
Dividend Yield
1.48%
Fundamental Score
39/100
Weak
3Y PAT CAGR
+15%
Market Cap
21.8K Cr
Valuation
Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Gujarat Mineral Development Corporation Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
Regulatory Approval Or License Win
Expected: FY27MEDIUM confidence
What: Mine opening: Lakhpat mine
Impact: Volume growth
What Are the Key Risks for Gujarat Mineral Development Corporation Ltd?
Earnings deceleration risks from management commentary
Rising cost of production for lignite and fluctuating demand from key industrial
HIGHTrigger: Rising cost of production for lignite and fluctuating demand from key industrial sectors like textiles and chemicals.
Impact: PAT impact: 13% EBITDA cut
Management view: Focus on operational discipline and opening lower-cost mines like Lakhpat.
Monitor: commodity
SEBI administrative warning regarding deficient disclosures related to environme
LOWTrigger: SEBI administrative warning regarding deficient disclosures related to environmental clearance timing.
Impact: PAT impact: No monetary penalty
Management view: Company confirmed no material impact on financial position.
Monitor: regulatory
What Did Gujarat Mineral Development Corporation Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹579.15 Cr
YoY -11.37%QoQ +9.77%
Revenue recovered sequentially but remained lower annually due to persistent headwinds in lignite offtake.
EBITDA
₹100.89 Cr
YoY +9.76%Margin 17.42%
Operating profit improved despite lower revenue, aided by better cost management and lower lignite production costs.
PAT
₹133.06 Cr
YoY -9.89%QoQ -71.43%
The sharp sequential decline in net profit is attributed to the absence of the large one-time GST credit recognized in the previous quarter.
Other Highlights
• Other income of ₹101.30 crore contributed over 56% of Profit Before Tax in Q3 FY26.
• Exceptional GST input tax credit write-back of ₹474 crore boosted Q2 FY26 results.
• Mining segment revenue for 9M FY26 reached ₹1,733.25 crore, remaining the primary driver.
What Sector Metrics Matter for Gujarat Mineral Development Corporation Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Lignite Production Volume
8 million tonnes
YoY Below target
Why: Safety shutdowns and project delays prevented reaching the 10 million tonne target.
Power Segment Operating Result
-₹11 Cr
YoY NegativeQoQ Negative
Why: Higher initial operating costs following a restart kept the power segment in losses.
Mining Segment Revenue (9M)
₹1,733.25 Cr
Why: Mining remains the primary revenue contributor despite overall volume headwinds.
Other Income Share of PBT
56.46%
YoY IncreasedQoQ Increased
Why: High treasury income and non-operating gains masked operational volatility.
What Is Gujarat Mineral Development Corporation Ltd's Management Guidance?
Forward-looking targets from management for FY2030
Capex Plan
₹13000 Cr
Revenue Outlook
₹14,500 Cr
Margin Outlook
Power segment is expected to return to profitability in the next fiscal year.
Capex Plan
₹13,000 Cr
Strategic expansion into coal mining and rare earth element processing.
Volume
Anticipated volume growth driven by new mine operationalization.
Management Tone: CAUTIOUS
Guidance Changes
LOWERED
EBITDA FY26E: Not Given → 13% reduction
Higher cost of production (CoP) for lignite.
How Fast Is Gujarat Mineral Development Corporation Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | -11% | +1% | Inflection Down |
| PAT (Net Profit) | -10% | +15% | Inflection Down |
| OPM | 17.0% | +300 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
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Frequently Asked Questions: Gujarat Mineral Development Corporation Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Gujarat Mineral Development Corporation Ltd's latest quarterly results?
Gujarat Mineral Development Corporation Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: -10.1% (inflecting downward)
- Revenue Growth YoY: -11.3%
- Operating Margin: 17.0% (volatile)
Is Gujarat Mineral Development Corporation Ltd's profit growing or declining?
Gujarat Mineral Development Corporation Ltd's profit is declining with an inflecting downward trend.
- PAT Growth YoY: -10.1% (latest quarter)
- PAT Growth QoQ: -71.5% (sequential)
- 3-Year PAT CAGR: +15.4%
- Trend: Inflecting downward — consistent growth pattern
What is Gujarat Mineral Development Corporation Ltd's revenue growth trend?
Gujarat Mineral Development Corporation Ltd's revenue growth trend is inflecting downward.
- Revenue Growth YoY: -11.3%
- Revenue Growth QoQ: +9.7% (sequential)
- 3-Year Revenue CAGR: +1.4%
How is Gujarat Mineral Development Corporation Ltd's operating margin trending?
Gujarat Mineral Development Corporation Ltd's operating margin is volatile.
- Current OPM: 17.0%
- OPM Change YoY: +3.0% basis points
- OPM Change QoQ: +4.0% basis points
What is Gujarat Mineral Development Corporation Ltd's 3-year profit and revenue CAGR?
Gujarat Mineral Development Corporation Ltd's long-term compounding rates
- 3-Year Profit CAGR: +15.4%
- 3-Year Revenue CAGR: +1.4%
Is Gujarat Mineral Development Corporation Ltd's growth accelerating or decelerating?
Gujarat Mineral Development Corporation Ltd's earnings growth is inflecting downward with mixed signals on a sequential basis.
- YoY Acceleration: -110.1% bps
- Sequential Acceleration: -100.0% bps
What is Gujarat Mineral Development Corporation Ltd's trailing twelve month (TTM) performance?
Gujarat Mineral Development Corporation Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹989 Cr
- TTM PAT Growth: +52.9% YoY
- TTM Revenue: ₹3,000 Cr
- TTM Revenue Growth: -6.7% YoY
- TTM Operating Margin: 20.3%
Is Gujarat Mineral Development Corporation Ltd overvalued or undervalued?
Gujarat Mineral Development Corporation Ltd appears overvalued based on our fair value analysis.
- Valuation Signal: Overvalued
- Current PE: 34.0x
- Price-to-Book: 3.3x
What is Gujarat Mineral Development Corporation Ltd's current PE ratio?
Gujarat Mineral Development Corporation Ltd's current PE ratio is 34.0x.
- Current PE: 34.0x
- Market Cap: 21.8K Cr
- Dividend Yield: 1.48%
How does Gujarat Mineral Development Corporation Ltd's valuation compare to its history?
Gujarat Mineral Development Corporation Ltd's current PE is 34.0x.
- Current PE: 34.0x
- Valuation Assessment: Overvalued
What is Gujarat Mineral Development Corporation Ltd's price-to-book ratio?
Gujarat Mineral Development Corporation Ltd's price-to-book ratio is 3.3x.
- Price-to-Book (P/B): 3.3x
- Book Value per Share: ₹211
- Current Price: ₹685
Is Gujarat Mineral Development Corporation Ltd a fundamentally strong company?
Gujarat Mineral Development Corporation Ltd is rated Weak with a fundamental score of 39.29/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: -11.3% (10% weight)
- PAT Growth YoY: -10.1% (10% weight)
- PAT Growth QoQ: -71.5% (10% weight)
- Margins stable (10% weight)
Is Gujarat Mineral Development Corporation Ltd debt free?
Gujarat Mineral Development Corporation Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹126 Cr
What is Gujarat Mineral Development Corporation Ltd's return on equity (ROE) and ROCE?
Gujarat Mineral Development Corporation Ltd's return ratios over recent years
- FY2023: ROCE 31.0%
- FY2024: ROCE 13.0%
- FY2025: ROCE 14.0%
Is Gujarat Mineral Development Corporation Ltd's cash flow positive?
Gujarat Mineral Development Corporation Ltd's operating cash flow is positive (FY2025).
- Cash from Operations (CFO): ₹1,000 Cr
- Free Cash Flow (FCF): ₹251 Cr
- CFO/PAT Ratio: 154% (strong cash conversion)
What is Gujarat Mineral Development Corporation Ltd's dividend yield?
Gujarat Mineral Development Corporation Ltd's current dividend yield is 1.48%.
- Dividend Yield: 1.48%
- Current Price: ₹685
Who holds Gujarat Mineral Development Corporation Ltd shares — promoters, FII, DII?
Gujarat Mineral Development Corporation Ltd's shareholding pattern (Mar 2026)
- Promoters: 74.0%
- FII (Foreign): 3.8%
- DII (Domestic): 0.9%
- Public: 21.3%
Is promoter holding increasing or decreasing in Gujarat Mineral Development Corporation Ltd?
Gujarat Mineral Development Corporation Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 74.0% (Mar 2026)
- Previous Quarter: 74.0% (Dec 2025)
- Change: 0.00% (stable)
How long has Gujarat Mineral Development Corporation Ltd been outperforming Nifty 500?
Gujarat Mineral Development Corporation Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Is Gujarat Mineral Development Corporation Ltd a new momentum entry or an established outperformer?
Gujarat Mineral Development Corporation Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Gujarat Mineral Development Corporation Ltd?
Gujarat Mineral Development Corporation Ltd has 2 key growth catalysts identified from recent earnings analysis
- New Product Or Brand Launch — High potential for value unlock but remains several years away from revenue generation.
- Regulatory Approval Or License Win — Operationalization of new mines is critical to offset declining offtake in older mines.
What are the key risks in Gujarat Mineral Development Corporation Ltd?
Gujarat Mineral Development Corporation Ltd has 2 key risks worth monitoring
- [HIGH] Rising cost of production for lignite and fluctuating demand from key industrial — Rising cost of production for lignite and fluctuating demand from key industrial sectors like textiles and chemicals.
- [LOW] SEBI administrative warning regarding deficient disclosures related to environme — SEBI administrative warning regarding deficient disclosures related to environmental clearance timing.
What is Gujarat Mineral Development Corporation Ltd's management guidance for growth?
Gujarat Mineral Development Corporation Ltd's management has provided the following forward guidance for FY2030
- Revenue outlook: ₹14,500 Cr
- Margin outlook: Power segment is expected to return to profitability in the next fiscal year.
- Capex plan: ₹13000 Cr for Strategic expansion into coal mining and rare earth element processing.
- Management tone: cautious
- Milestone: [LOWERED] EBITDA FY26E: Not Given → 13% reduction
What sector-specific metrics matter most for Gujarat Mineral Development Corporation Ltd?
Gujarat Mineral Development Corporation Ltd's most important sub-sector-specific KPIs from the latest concall
- Lignite Production Volume: 8 million tonnes (YoY Below target) — Safety shutdowns and project delays prevented reaching the 10 million tonne target.
- Power Segment Operating Result: -₹11 Cr (YoY Negative) (QoQ Negative) — Higher initial operating costs following a restart kept the power segment in losses.
- Mining Segment Revenue (9M): ₹1,733.25 Cr — Mining remains the primary revenue contributor despite overall volume headwinds.
- Other Income Share of PBT: 56.46% (YoY Increased) (QoQ Increased) — High treasury income and non-operating gains masked operational volatility.
Is Gujarat Mineral Development Corporation Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Gujarat Mineral Development Corporation Ltd may be worth studying
- Cash flow is positive — CFO ₹1,000 Cr
What is the investment thesis for Gujarat Mineral Development Corporation Ltd?
Gujarat Mineral Development Corporation Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: New Product Or Brand Launch
Risk Factors (Bear Case)
- Appears overvalued
- Key risk: Rising cost of production for lignite and fluctuating demand from key industrial
What is the future outlook for Gujarat Mineral Development Corporation Ltd?
Gujarat Mineral Development Corporation Ltd's forward outlook based on current data signals
- Earnings Trend: inflecting downward
- Revenue Trend: inflecting downward
- Margin Trend: volatile
- Valuation: Overvalued
- Key Catalyst: New Product Or Brand Launch
- Key Risk: Rising cost of production for lignite and fluctuating demand from key industrial
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.