Mines lignite, coal, limestone and rare earth elements across sites in Gujarat and Odisha, with mining contributing 92.1% of FY26 revenue and the power segment adding 7.9%. The mining segment earned Rs 607.5 crore in EBIT while the power segment ran a loss, holding back the company's reported EBITDA margin of 52.4%. The Surkha (N) lignite mine received environmental clearance to expand, and the Lakhpat-Punrajpur mine was approved for an integrated lignite and limestone operation. The Ambadungar Rare Earth deposit supports a push into critical minerals, with MoUs signed with NMDC and IREL to develop a rare earth value chain. Cost structure is dominated by other operating expenses at 76.3% of revenue and elevated capex, reflecting the asset-heavy nature of mining. Strategic partnerships with NTPC for coal gasification and GNFC for coal-to-chemicals signal intent to move into downstream processing. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Mining (92%), Power (8%). Cyclical, asset-heavy mining with a loss-making downstream power segment
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,732 | 3,501 | 2,463 | 2,851 | 2,653 |
| EBITDA (ex other income) | 679 | 1,348 | 626 | 639 | 966 |
| margin % | 24.8 | 38.5 | 25.4 | 22.4 | 36.4 |
| Owners' profit | 0 | 1,216 | 0 | 0 | 957 |
| EPS, as reported (₹) | 12.74 | 38.23 | 19.41 | 21.57 | 30.08 |
| ROE % · ROCE % | 8.5 · 13.4 | 21.0 · 25.8 | 10.1 · 12.0 | 10.7 · 12.4 | 13.5 · 15.6 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.02 | 0.04 |
| Cash from operations | (215) | 932 | 109 | 1,059 | 744 |
| Capex | (41) | (24) | (477) | (644) | (1,034) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 593 | 653 | 786 | 733 | 528 | 579 | 814 | 907 |
| Profit before tax | 182 | 180 | 285 | 224 | 630 | 179 | 235 | 227 |
| Net profit | 128 | 148 | 226 | 164 | 466 | 133 | 194 | 163 |
| EPS (₹) | 4.02 | 4.64 | 7.12 | 5.15 | 14.65 | 4.18 | 6.10 | 5.14 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Mining | 2,508 | 92.1 |
| Power | 216 | 7.9 |
| Total, before eliminations | 2,723 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LLOYDS METALS N ENERGY L | 1,01,435 | 20.4 | 7.11 | 18.9 | 26.8 | 17.7 | 132.2 | 39.6 |
| NMDC LTD. | 72,444 | 9.7 | 2.13 | 7.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · GMDC publishes 63rd AGM notice; meeting on Sept 30 via video conferencing | compliance | minimal | — | — |
| 5 Sept 2026 · GMDC submits standalone FY 2025-26 sustainability report with assurance | compliance | low | — | — |
| 5 Sept 2026 · Notice of 63rd AGM scheduled for September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 5 Sept 2026 · GMDC files Integrated Annual Report for FY26; 63rd AGM on Sep 30 | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · GMDC reports probable data breach on company website | regulatory legal | high | — | — |
| 3 Sept 2026 · GMDC sets Sep 23 record date for dividend, AGM on Sep 30 | corporate actions | high | — | — |
| 3 Sept 2026 · GMDC sets September 23, 2026 as record date for dividend | corporate actions | high | — | — |
| 1 Aug 2026 · GMDC files newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
| 31 Jul 2026 · GMDC Q1 FY26-27 results: Revenue up 24% YoY, signs MoUs for coal gasification and rare earths | results | high | — | — |
| 22 Jul 2026 · Board meeting on 31 July 2026 to consider Q1 FY27 unaudited results | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 21.9 |
| 28.0 |
| 15.8 |
| 41.4 |
| GUJARAT MINERAL DEV CORP ◆ | 18,345 | 19.2 | 2.59 | 13.3 | 13.5 | 15.5 | 14.7 | 29.5 |
| GRAVITA INDIA LIMITED | 12,457 | 31.4 | 5.07 | 25.6 | 15.4 | 17.2 | 24.8 | 10.7 |
| ASHAPURA MINECHEM LTD | 5,179 | 12.7 | 3.15 | 9.4 | 25.3 | 15.0 | 35.5 | 11.7 |
| MOIL LIMITED | 4,996 | 78.7 | 1.85 | 11.2 | 0.3 | 0.4 | — | 35.6 |
| ORISSA MIN DEV CO LTD | 2,388 | — | — | — | (0.7) | 0.5 | — | 52.8 |
| 20 MICRONS LTD | 736 | 10.9 | 1.51 | 6.3 | 13.7 | 16.9 | 14.6 | 13.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.2 | 16.4 | 7 of 11 | 40% |
| P/B | 2.6 | 2.1 | 9 of 13 | 33% |
| ROCE | 15.5 | 8.4 | 6 of 14 | 62% |
| ROE | 13.5 | 7.3 | 7 of 14 | 54% |
| Debt / Equity | 0.0 | 0.3 | 4 of 14 | 77% |
| EBITDA margin | 29.5 | 13.8 | 6 of 13 | 58% |
| Revenue growth | 23.8 | 19.2 | 5 of 13 | 67% |
| Profit growth | (0.2) | 9.8 | 10 of 14 | 31% |
| Market cap | 18345 | 1562 | 3 of 14 | 85% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
