GMDC share price today

Gujarat Mineral Development Corporation Ltd's share price was ₹469.20 at the close on 4 November 2026. It has been falling for 6 weeks. That is 14.7% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Gujarat Mineral Development Corporation Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹412 and ₹742, and at that close it sat 17% of the way up from that low.

Over the last 11 years the share price moved +739% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 17 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: operating margin up 8 points on a year earlier and profit down on a year earlier for 4 quarters in a row.

1. Operating margin up 8 points on a year earlier

   21% in the September 2026 quarter, from 13%.

2. Profit down on a year earlier for 4 quarters in a row

   In the September 2026 quarter profit was ₹171 crore, -63.3% on a year earlier.

GMDC paid ₹9.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 2.02% at the ₹469.20 close on 4 November 2026. The last was a dividend of ₹9.50 a share, ex-date 23 September 2026.

GMDC dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Gujarat Mineral Development Corporation Ltd paid out 32% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), GMDC reported revenue of ₹903 crore, up 71.0% from ₹528 crore a year earlier, and a profit of ₹171 crore, down 63.3% from ₹466 crore.

GMDC results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

GMDC closed at ₹469.20 on 4 November 2026, down 21.8% from ₹600.30 a year earlier (7 November 2025) and up 540.1% over five years. Its highest weekly close since February 2016 was ₹736.90 on 17 April 2026.

GMDC share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

565 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: GMDC closed at ₹469.20, up 14.0% on the week and down 3.8% on the month. Results for July to September 2026: Revenue up 71.0% and profit down 63.3% on a year earlier.

Earlier

• 23 Sep 2026: ex-date for a dividend of ₹9.50 a share.

GMDC is on 3 of our India lists: 52 week high & low, Dividend stocks and Small & mid cap stocks.

Gujarat Mineral Development Corporation Ltd earned ₹171 Cr of net profit in the Sep 2026 quarter, −63.3% on the same quarter a year earlier. Full-year FY26 profit was ₹957 Cr. Over 10 years profit has grown 15.9% a year on average. That is 18.9% of the quarter's revenue. The same quarter a year earlier earned ₹466 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹957 Cr (+40.7% on the year before).

Why profit moved: revenue changed +71.0% on a year earlier and the margin moved +8.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed −22.0% and revenue +21.8%. Profit is growing slower than sales: rising costs are taking part of the growth.

Gujarat Mineral Development Corporation Ltd reported ₹903 Cr of revenue in the Sep 2026 quarter, +71.0% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 7.9% a year on average. The last full year, FY26, came in at ₹2,523 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,203 Cr.

FY26 revenue was ₹2,523 Cr, −0.4% on the year before.

Recent pace: the last four quarters grew +21.8% on average, against 7.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +18.6%, against +8.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −34.2%, against +3.6% a year (rolling over).

Gujarat Mineral Development Corporation Ltd's operating margin was 21.0% in the Sep 2026 quarter, 8.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −0.5% and 48.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +7.9 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 86% of Gujarat Mineral Development Corporation Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹744 Cr of operating cash against ₹957 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹1,042 Cr of spending on assets, free cash was −₹298 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 86% of profit came in as cash: the cash cycle got 30 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 7.1× depreciation over three years. The next section checks what that spending is building.

Gujarat Mineral Development Corporation Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 10 days in FY26, down from 40 days in FY21. It spent ₹2,063 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,523 Cr, each day of that cycle ties up about ₹6.9 Cr, so roughly ₹69.0 Cr is tied up in the business at any time.

Spending on assets: ₹2,063 Cr over the last 3 years, against ₹290 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,248 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Gujarat Mineral Development Corporation Ltd's P/E is 23.9×, near the high end of its own history: higher than 88% of past readings. Its usual P/E (the middle reading) is 11.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹20.79.