Gujarat Mineral Development Corporation Limited
Quick Take
- • Trading at 18.5× trailing earnings (16.2× forward)
- • Moderate ROE at 13.5%
- • Low leverage (D/E 0.04)
- • Attractive dividend yield of 1.73%
- • Operating margin 17.4% · Net margin 33.8%
- • Profit growth -0.20% YoY · Beta 0.34
About the company
From latest AR & concallGujarat 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.
