# GMDC share price today (Gujarat Mineral Development Corporation Ltd, NSE: GMDCLTD)

> GMDC share price today: ₹425.60 at the NSE close on 3 November 2026, down 28.4% in a year. Gujarat Mineral Development Corporation (NSE: GMDCLTD) is worth ₹13,522 crore, trades at a P/E of 21.7 and has closed between ₹411.65 and ₹742.00 over the past 52 weeks. > Gujarat Mineral Development Corporation Ltd's earnings have grown faster than its share price. Earnings per share grew +40.7% in a year while the price moved −28.4%. GMDCLTD · Mining/Minerals · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/gujarat-mineral-development-corporation-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹425.60 (−28.4% in a year)
- P/E: 21.7× (higher than 87% of the last 11 years)
- Revenue (Sep 2026): ₹903 Cr (+71.0% on a year ago)
- Profit (Sep 2026): ₹171 Cr (−63.3% on a year ago)
- Operating margin: 21.0% (+8.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 5.8%, against a 12.0% cost of capital: −6.2 points

The main question: yearly earnings per share moved +40.7% while the share price moved −28.4%. ## What is the GMDC share price today? Gujarat Mineral Development Corporation Ltd's share price was ₹425.60 at the close on 3 November 2026. It has been falling for 6 weeks. That is 22.6% 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. In the last 52 weeks it traded between ₹412 and ₹742, and at that close it sat 4% of the way up from that low. Over the last 11 years the share price moved +661% 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. ## What changed at GMDC this quarter? 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. ## What dividend does GMDC pay? GMDC paid ₹9.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 2.23% at the ₹425.60 close on 3 November 2026. The last was a dividend of ₹9.50 a share, ex-date 23 September 2026. ### GMDC dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 23 Sep 2026 | ₹9.50 | Dividend |
| 18 Sep 2025 | ₹10.10 | Dividend |
| 20 Sep 2024 | ₹9.55 | Dividend |
| 22 Sep 2023 | ₹11.45 | Dividend |
| 22 Sep 2022 | ₹4.30 | Dividend |
| 17 Nov 2021 | ₹0.20 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What are GMDC's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹903 crore | ₹528 crore | +71.0% |
| Profit | ₹171 crore | ₹466 crore | −63.3% |
| Earnings per share | ₹5.37 | ₹14.65 | −63.3% |
| Operating margin | 21.0% | 13.0% | +8.0 points |

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.)

## What is the GMDC share price history? GMDC closed at ₹425.60 on 3 November 2026, down 28.4% from ₹594.30 a year earlier (31 October 2025) and up 480.6% over five years. Its highest weekly close since February 2016 was ₹736.90 on 17 April 2026. ### GMDC share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹424.60 | +0.2% |
| 1 month ago · 1 Oct 2026 | ₹487.65 | −12.7% |
| 6 months ago · 30 Apr 2026 | ₹736.15 | −42.2% |
| 1 year ago · 31 Oct 2025 | ₹594.30 | −28.4% |
| 3 years ago · 3 Nov 2023 | ₹327.25 | +30.1% |
| 5 years ago · 4 Nov 2021 | ₹73.30 | +480.6% |
| 10 years ago · 4 Nov 2016 | ₹103.70 | +310.4% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹55.90 | +661.4% |
| Highest weekly close since February 2016 · 17 Apr 2026 | ₹736.90 | −42.2% |
| Lowest weekly close since February 2016 · 27 Mar 2020 | ₹29.85 | +1,325.8% |
| 52-week high (weekly close) · 29 Apr 2026 | ₹742.00 | −42.6% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹411.65 | +3.4% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (565 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on GMDC? 3 Nov 2026: GMDC closed at ₹425.60, up 0.2% on the week and down 12.7% 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. ## Which stock lists is GMDC on? GMDC is on 3 of our India lists: 52 week high & low, Dividend stocks and Small & mid cap stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 2.24](https://www.sectoralpha.in/dividend-stocks-india)
- [Small & mid cap stocks Size rank in India: 482](https://www.sectoralpha.in/small-cap-stocks-india)

## Is GMDC profitable? 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. 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. ## How much revenue does GMDC make, and is it growing? 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. 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). ## How much of every ₹100 of sales does GMDC keep? 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. 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. ## Is GMDC's profit turning into cash? 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. 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. ## Where does GMDC's cash go? 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. 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. ## What is GMDC's P/E ratio, and how does it compare with its own history? Gujarat Mineral Development Corporation Ltd's P/E is 21.7×, near the high end of its own history: higher than 87% 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. 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. Why the multiple is where it is: over the past year earnings per share moved +40.7% while the price moved −28.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +42.2% a year; about +16.7% a year came from earnings growth and about +25.5 percentage points from the multiple (the market paying more); over 10 years the price moved +15.2% a year; about +11.1% a year came from earnings growth and about +4.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the GMDC business getting better or worse? Gujarat Mineral Development Corporation Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE falling at 11.2%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does GMDC earn on its capital? Gujarat Mineral Development Corporation Ltd earned a ROCE of 11% in FY26. That is up from a low of 1% in FY21. Its return on capital used (ROIC) is 6.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 37.9% net margin and 0.28× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 37.9% net margin × 0.28× asset turnover × 1.27× leverage (assets divided by equity) ≈ 13.5% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 5.8% − 12.0% = −6.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 5.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 4.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does GMDC have too much debt? Gujarat Mineral Development Corporation Ltd has total debt of ₹343 Cr against shareholder equity of ₹7,095 Cr as of Sep 2026, so its debt is 0.05× its equity, which is very little. Year by year, that ratio went from 0.00 in FY22 to 0.04 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the GMDC shareholding pattern? Foreign institutions raised their stake in Gujarat Mineral Development Corporation Ltd by 2.0 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 3.7% of the company. Domestic institutions moved −0.2 points over the same period, to 0.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +2.0 points over 8 quarters, to 3.7%; Domestic institutions: −0.2 points over 8 quarters, to 0.6%; Promoters: +0.0 points over 8 quarters, to 74.0%. Why the owners changed: foreign institutions drove it (+2.0 points). They raised their stake step by step. ## How far is GMDC from balance-sheet trouble? For Gujarat Mineral Development Corporation Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does GMDC rank in its industry? 38.6 out of 100, rank 11 of 14 in Mining/Minerals, with 100% of the evidence available. Gujarat Mineral Development Corporation Ltd scores 38.6 out of 100 against the 14 companies it is compared with in Mining/Minerals, ranking 11. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 15.1 + 13.8 + 7.8 + 1.9 = 38.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is GMDC compared with? GMDC ranks 11 of 14 Mining/Minerals companies on the 4-Factor Sector Score, with 38.6 out of 100. 1. [South West Pinnacle Exploration Ltd](https://www.sectoralpha.in/stocks/south-west-pinnacle-exploration-ltd) SOUTHWEST · quiet · Most evidence points up · 96% evidence 67.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.5/35 · Revenue 39.2% · Profit 100% · Operating margin change 9.8 points · 88% evidence Capital efficiency 18.4/25 · ROCE 20.1% · Operating margin 24.2% · 100% evidence Valuation 14.8/20 · P/E 14.3× · PEG 1.26 · 100% evidence Relative strength 5.8/20 · Lead over its industry -2.8% · Lead over NIFTY 500 -12.5% · 1 year 11.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28.5 + 18.4 + 14.8 + 5.8 = 67.5 · What this means: Earnings are strong; relative strength in its sector is -2.8% and the one-year return is 11.2%. 2. [Vedanta Ltd](https://www.sectoralpha.in/stocks/vedanta-ltd) VEDL · quiet · Most evidence points up · 82% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 45.7% · Profit 76% · Operating margin change 9 points · 95% evidence Capital efficiency 15.2/25 · ROCE 16.1% · Operating margin 38% · 76% evidence Valuation 9.1/20 · P/E 7× · PEG n/a · 50% evidence Relative strength 16.5/20 · Lead over its industry 8.2% · Lead over NIFTY 500 -2.8% · 1 year 33% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.5 + 15.2 + 9.1 + 16.5 = 67.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Coal India Ltd](https://www.sectoralpha.in/stocks/coal-india-ltd) COALINDIA · breaking out · Evidence leans up · 82% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.0/35 · Revenue 11.5% · Profit 7.8% · Operating margin change 1 points · 95% evidence Capital efficiency 20.0/25 · ROCE 35% · Operating margin 19% · 76% evidence Valuation 10.8/20 · P/E 7.2× · PEG n/a · 50% evidence Relative strength 16.6/20 · Lead over its industry 6.2% · Lead over NIFTY 500 -4.1% · 1 year 0.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12 + 20 + 10.8 + 16.6 = 59.4 · What this means: Relative strength against the index is -4.1%, and revenue and profit growth are weak. 4. [Ashapura Minechem Ltd](https://www.sectoralpha.in/stocks/ashapura-minechem-ltd) ASHAPURMIN · quiet · Evidence leans up · 63% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Revenue 62.6% · Profit 19.5% · Operating margin change -2 points · 83% evidence Capital efficiency 17.0/25 · ROCE 20.9% · Operating margin 11% · 76% evidence Valuation 13.7/20 · P/E 9.5× · PEG n/a · 50% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -31.5% · 1 year -38.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 19.5 + 17 + 13.7 + 7.5 = 57.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Indian Metals & Ferro Alloys Ltd](https://www.sectoralpha.in/stocks/indian-metals-ferro-alloys-ltd) IMFA · quiet · Evidence leans up · 96% evidence 54.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 23.6% · Profit 46.6% · Operating margin change 9 points · 88% evidence Capital efficiency 16.1/25 · ROCE 18.4% · Operating margin 29% · 100% evidence Valuation 8.9/20 · P/E 11.2× · PEG 1.4 · 100% evidence Relative strength 4.5/20 · Lead over its industry -4.7% · Lead over NIFTY 500 -13.9% · 1 year -9.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.5 + 16.1 + 8.9 + 4.5 = 54 · What this means: Earnings are strong; relative strength in its sector is -4.7% and the one-year return is -9.3%. 6. [Orissa Minerals Development Company Ltd](https://www.sectoralpha.in/stocks/orissa-minerals-development-company-ltd) ORISSAMINE · quiet · Too little evidence to rank firmly · 56% evidence 52.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 47.5% · Profit 100% · Operating margin change 26.9 points · 65% evidence Capital efficiency 10.8/25 · ROCE 9.6% · Operating margin 31.5% · 100% evidence Valuation 8.7/20 · P/E 571× · PEG n/a · 15% evidence Relative strength 8.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -20.3% · 1 year -40.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 24.7 + 10.8 + 8.7 + 8.5 = 52.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [MOIL Ltd](https://www.sectoralpha.in/stocks/moil-ltd) MOIL · quiet · Evidence leans up · 96% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 4.9% · Profit 7.8% · Operating margin change 14 points · 88% evidence Capital efficiency 13.0/25 · ROCE 12.4% · Operating margin 37% · 100% evidence Valuation 15.8/20 · P/E 14.3× · PEG 0.68 · 100% evidence Relative strength 7.0/20 · Lead over its industry -15.8% · Lead over NIFTY 500 -23.6% · 1 year -41.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.9 + 13 + 15.8 + 7 = 51.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [KIOCL Ltd](https://www.sectoralpha.in/stocks/kiocl-ltd) KIOCL · basing · Too little evidence to rank firmly · 56% evidence 44.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 27.5% · Profit 100% · Operating margin change 29 points · 65% evidence Capital efficiency 2.9/25 · ROCE 1.4% · Operating margin -17% · 100% evidence Valuation 9.0/20 · P/E 507× · PEG n/a · 15% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.1% · 1 year -24.7% · 25% evidence · 0 of 12 weeks ahead Exact sum: 22.9 + 2.9 + 9 + 9.8 = 44.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [20 Microns Ltd](https://www.sectoralpha.in/stocks/20-microns-ltd) 20MICRONS · quiet · Evidence leans down · 85% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.8/35 · Revenue 4.2% · Profit 4.8% · Operating margin change -2 points · 100% evidence Capital efficiency 16.9/25 · ROCE 17.3% · Operating margin 12% · 100% evidence Valuation 10.3/20 · P/E 8.9× · PEG 1.48 · 100% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.8% · 1 year -21.9% · 25% evidence · 8 of 12 weeks ahead Exact sum: 7.8 + 16.9 + 10.3 + 9.5 = 44.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Midwest Energy Ltd](https://www.sectoralpha.in/stocks/midwest-gold-ltd) quiet · Too little evidence to rank firmly · 56% evidence 40.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/43.75 · Revenue 100% · Profit -80% · Operating margin change 573.9 points · 83% evidence Capital efficiency 5.5/31.25 · ROCE 1.6% · Operating margin 18.8% · 95% evidence Valuation 10.6/25 · P/E 631× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 23.9 + 5.5 + 10.6 = 40 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. Gujarat Mineral Development Corporation Ltd this page GMDCLTD · quiet · Evidence leans down · 100% evidence 38.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.1/35 · Revenue 18.6% · Profit -34.2% · Operating margin change 8 points · 100% evidence Capital efficiency 13.8/25 · ROCE 10.8% · Operating margin 21% · 100% evidence Valuation 7.8/20 · P/E 21× · PEG 1.28 · 100% evidence Relative strength 1.9/20 · Lead over its industry -16.5% · Lead over NIFTY 500 -24.8% · 1 year -30.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.1 + 13.8 + 7.8 + 1.9 = 38.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 12. [Caliber Mining and Logistics Ltd](https://www.sectoralpha.in/stocks/caliber-mining-and-logistics-ltd) CMLL · Too little evidence to rank firmly · 34% evidence 54.2 out of 100 Growth Capital Valuation Relative
13. [Deccan Gold Mines Ltd](https://www.sectoralpha.in/stocks/deccan-gold-mines-ltd) DECNGOLD · losing its lead · Too little evidence to rank firmly · 42% evidence 52.2 out of 100 Growth Capital Valuation Relative
14. [Bharat Coking Coal Ltd](https://www.sectoralpha.in/stocks/bharat-coking-coal-ltd) BHARATCOAL · quiet · Too little evidence to rank firmly · 47% evidence 33.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Mining/Minerals](https://www.sectoralpha.in/sectors/mining-minerals), all 14 compared on one page. ## Which companies are close to GMDC in size? GMDC is the 5th largest of 14 Mining/Minerals companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Vedanta, KIOCL and Bharat Coking Coal. Just below it: Indian Metals & Ferro Alloys, MOIL and Ashapura Minechem. ### Mining/Minerals companies close in size

1. [Vedanta Ltd](https://www.sectoralpha.in/stocks/vedanta-ltd) ₹93,028 crore
2. [KIOCL Ltd](https://www.sectoralpha.in/stocks/kiocl-ltd) ₹19,703 crore
3. [Bharat Coking Coal Ltd](https://www.sectoralpha.in/stocks/bharat-coking-coal-ltd) ₹13,836 crore
4. Gujarat Mineral Development Corporation Ltd ₹13,090 crore
5. [Indian Metals & Ferro Alloys Ltd](https://www.sectoralpha.in/stocks/indian-metals-ferro-alloys-ltd) ₹5,887 crore
6. [MOIL Ltd](https://www.sectoralpha.in/stocks/moil-ltd) ₹4,355 crore
7. [Ashapura Minechem Ltd](https://www.sectoralpha.in/stocks/ashapura-minechem-ltd) ₹3,904 crore

[All 14 Mining/Minerals companies, largest first](https://www.sectoralpha.in/sectors/mining-minerals#all-companies)

### Companies close in size in other industries

1. [BASF India Ltd](https://www.sectoralpha.in/stocks/basf-india-ltd) ₹13,198 crore · Chemicals - Organic
2. [Corona Remedies Ltd](https://www.sectoralpha.in/stocks/corona-remedies-ltd) ₹13,147 crore · Pharma - Formulators
3. Gujarat Mineral Development Corporation Ltd ₹13,090 crore
4. [Fractal Analytics Ltd](https://www.sectoralpha.in/stocks/fractal-analytics-ltd) ₹13,059 crore · IT Enabled Services/Business Process Outsourcing
5. [Concord Biotech Ltd](https://www.sectoralpha.in/stocks/concord-biotech-ltd) ₹13,031 crore · Pharma - API & CRAMS

## What else do people ask about GMDC? ### What is GMDC's share price today? Gujarat Mineral Development Corporation Ltd's share price is ₹425.60, −28.4% over the past year. The whole company is worth ₹13,522 Cr on the market. In the last 52 weeks it traded between ₹412 to ₹742; today it is 4% of the way up from the low, 22.6% below its 200-day average (as of 3 November 2026). ### What were GMDC's latest quarterly results? Gujarat Mineral Development Corporation Ltd reported revenue of ₹903 Cr and net profit of ₹171 Cr for the Sep 2026 quarter. Revenue rose 71.0% and profit fell 63.3% compared with a year earlier. Earnings per share were ₹5.37 (as of 3 November 2026). ### What is GMDC's market cap? Gujarat Mineral Development Corporation Ltd's market capitalisation is ₹13,522 Cr at a share price of ₹425.60. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is GMDC performing? Gujarat Mineral Development Corporation Ltd's share price has been falling for 6 weeks. In its latest quarter, revenue rose 71.0% and profit fell 63.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 23 weeks running (as of 3 November 2026). ### Will GMDC's share price go up? This page does not forecast Gujarat Mineral Development Corporation Ltd's share price. What it shows instead: the share price is ₹425.60, and it has been falling for 6 weeks. Its P/E of 21.7× is higher than 87% of its own last 11 years (as of 3 November 2026). ### Who owns GMDC? Promoters own 74.0% of Gujarat Mineral Development Corporation Ltd, foreign institutions 3.7%, domestic institutions 0.6% and the public 21.7% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 2.0 percentage points over 8 quarters (as of 3 November 2026). ### Does GMDC have too much debt? No, Gujarat Mineral Development Corporation Ltd has little debt: its debt is 0.04× its equity, and its operating profit is 63 times its interest bill. FY26 borrowings were ₹317 Cr against equity of ₹7,073 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is GMDC in its business cycle? Gujarat Mineral Development Corporation Ltd's FY26 operating margin was 18.0%, against a 13-year range of −0.5% to 48.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 21.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the GMDC story? The main question: yearly earnings per share moved +40.7% while the share price moved −28.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is GMDC a stock worth studying right now? What the numbers show: Gujarat Mineral Development Corporation Ltd's earnings have grown faster than its share price. Earnings per share grew +40.7% in a year while the price moved −28.4%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

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