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GMDCLTD - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.7

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.7

Stock Code GMDCLTD Market Cap 17,880 Cr. Current Price 562 ₹ High / Low 651 ₹
Stock P/E 27.7 Book Value 210 ₹ Dividend Yield 1.80 % ROCE 14.2 %
ROE 11.0 % Face Value 2.00 ₹ DMA 50 559 ₹ DMA 200 510 ₹
Chg in FII Hold -1.02 % Chg in DII Hold 0.10 % PAT Qtr 135 Cr. PAT Prev Qtr 120 Cr.
RSI 51.0 MACD -6.74 Volume 29,68,104 Avg Vol 1Wk 28,49,624
Low price 251 ₹ High price 651 ₹ PEG Ratio 1.81 Debt to equity 0.04
52w Index 77.7 % Qtr Profit Var -9.12 % EPS 31.3 ₹ Industry PE 16.6

📊 Core Financials

  • Quarterly PAT rose from ₹120 Cr. to ₹135 Cr., showing sequential growth.
  • ROCE at 14.2% and ROE at 11.0% → moderate efficiency compared to peers.
  • Debt-to-equity ratio of 0.04 → virtually debt-free.
  • Cash flows supported by mining operations, though cyclical in nature.

💹 Valuation Indicators

  • P/E Ratio: 27.7 vs Industry PE of 16.6 → trading at a premium.
  • P/B Ratio: ~2.68x (₹562 / ₹210) → moderate valuation.
  • PEG Ratio: 1.81 → indicates moderately expensive valuation relative to growth.
  • Intrinsic Value: Current price slightly above fair zone, reflecting optimism in mining demand.

🏢 Business Model & Competitive Advantage

  • Mining company with strong presence in lignite and minerals.
  • Government-backed operations provide stability and scale advantage.
  • Exposure to commodity cycles and demand fluctuations affects earnings predictability.

📈 Technical & Entry Zone

  • Current Price: ₹562, near 50 DMA (₹559) and above 200 DMA (₹510).
  • RSI: 51.0 → neutral zone.
  • MACD: -6.74 → mild bearish momentum.
  • Entry Zone: Attractive accumulation between ₹530–₹550.
  • Long-Term Holding: Suitable for investors with 3–5 year horizon, given sector demand growth.

✅ Positive

  • Low debt levels (0.04 debt-to-equity).
  • Dividend yield of 1.80% provides steady income.
  • DII holdings increased by 0.10%, showing institutional support.

⚠️ Limitation

  • High P/E ratio compared to industry average.
  • Quarterly profit variation (-9.12%) raises concerns.
  • ROE and ROCE below industry leaders.

📉 Company Negative News

  • Decline in FII holdings (-1.02%).
  • Stock corrected from 52-week high of ₹651.

📈 Company Positive News

  • EPS of ₹31.3 reflects profitability despite cyclical pressures.
  • Sequential PAT growth shows resilience.

🏭 Industry

  • Mining sector supported by infrastructure demand and energy needs.
  • Industry PE at 16.6 indicates moderate investor confidence.

🔎 Conclusion

GMDCLTD is a mining company with government backing, low debt, and stable operations.

Despite premium valuations and modest efficiency metrics, its fundamentals remain steady.

Best accumulated around ₹530–₹550 for investors with a 3–5 year horizon, while monitoring profit sustainability and commodity cycles.

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