---
title: "Gujarat Mineral Development Corporation Ltd (GMDCLTD) — Share Price, Financials & Analysis"
symbol: "GMDCLTD"
company: "Gujarat Mineral Development Corporation Ltd"
canonical: "https://tapetide.com/stocks/GMDCLTD"
isin: "INE131A01031"
nse_symbol: "GMDCLTD"
bse_code: "532181"
sector: "Metals & Mining"
industry: "Industrial Minerals"
market_cap_cr: 18186.42
generated_at: "2026-09-13T19:56:47.868Z"
---

# Gujarat Mineral Development Corporation Ltd (GMDCLTD)

Canonical page: https://tapetide.com/stocks/GMDCLTD

## Company

- **NSE Symbol:** GMDCLTD
- **BSE Code:** 532181
- **ISIN:** INE131A01031
- **Sector:** Metals & Mining
- **Industry:** Industrial Minerals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 1997-12-17
- **CEO:** Mr. Roopwant Singh I.A.S.
- **Employees:** 765
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** gmdcltd.com

## About

Gujarat Mineral Development Corporation Ltd is a Government of Gujarat enterprise engaged primarily in mining and marketing lignite and other industrial minerals, alongside a 250 MW lignite-based thermal plant, 200.9 MW of wind farms and a 5 MW solar plant. Its Odisha coal mines and new lignite, limestone, rare-earth and copper projects remain under development rather than commercial operation.[1][2][3]

## Latest Price

- **Price:** ₹575.35
- **Change:** -5.05 (-0.87%)
- **Open:** ₹577.85
- **Day High:** ₹577.85
- **Day Low:** ₹569.1
- **Previous Close:** ₹580.4
- **Volume:** 667017
- **As Of:** 2026-09-11T10:28:01+00:00

## Key Fundamentals

Observed at 2026-09-11T04:49:34.884310Z.

- **Market Cap:** ₹18186.42 Cr
- **Classification:** Smallcap
- **P/E (reported):** 19.3
- **P/E (TTM):** 19.13
- **EPS (TTM):** ₹30.07
- **EPS (reported):** ₹18.32
- **Book Value:** ₹222.41
- **Price to Book:** 2.61
- **Dividend Yield:** 1.64%
- **ROE:** 13.53%
- **ROCE:** 15.54%
- **Debt to Equity:** 0.04
- **Revenue (yearly):** ₹3077.2 Cr
- **Net Income:** ₹956.7 Cr
- **EBITDA:** ₹867.6 Cr
- **52-Week High:** ₹771.9
- **52-Week Low:** ₹466.4
- **RSI (14):** 54.78

## Tapetide Score

- **Score:** 49 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 43.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 84.45 | 9% |
| growth | 20.6 | 9% |
| momentum | 44.02 | 12% |
| ownership | 42.24 | 24% |
| quality | 42.91 | 22% |
| valuation | 61.69 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 43.2%

### Weaknesses

- Stock is trading at 2.59 times its book value
- Company has a low return on equity of 8.18% over last 3 years.
- Earnings include an other income of Rs.945 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -30.21% | 575.68% | 54.48% |
| ebitda margin growth | -7.34% | -8.62% | -12.37% | -7.18% |
| net income growth | -15.82% | 40.71% | -38% | -6% |
| revenue growth | -1.58% | -3.82% | -10% | 14% |
| roce | -2.39% | 25.83% | 31.92% | 15.94% |
| roe | -15.8% | 28.25% | 11.29% | 46.27% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 383 | 564 | 750 | 818 | 593 | 653 | 786 | 733 | 528 | 579 | 814 | 907 |
| Expenses | 332 | 444 | 562 | 607 | 453 | 562 | 593 | 563 | 458 | 478 | 710 | 716 |
| Operating Profit | 51 | 121 | 189 | 211 | 140 | 92 | 194 | 169 | 69 | 101 | 104 | 191 |
| OPM % | 13 | 21 | 25 | 26 | 24 | 14 | 25 | 23 | 13 | 17 | 13 | 21 |
| Other Income | 77 | 60 | 72 | 60 | 62 | 114 | 118 | 78 | 583 | 101 | 185 | 77 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 5 | 7 |
| Depreciation | 18 | 20 | 22 | 21 | 21 | 26 | 27 | 22 | 22 | 22 | 49 | 33 |
| Profit before tax | 109 | 160 | 238 | 249 | 181 | 179 | 285 | 224 | 629 | 179 | 235 | 228 |
| Tax % | 32 | 27 | 21 | 26 | 29 | 18 | 21 | 27 | 26 | 26 | 17 | 28 |
| Net Profit | 75 | 117 | 187 | 184 | 128 | 148 | 226 | 164 | 466 | 133 | 194 | 163 |
| EPS in Rs | 2.35 | 3.67 | 5.89 | 5.79 | 4.02 | 4.64 | 7.11 | 5.15 | 14.65 | 4.18 | 6.1 | 5.14 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2051 | 1880 | 1449 | 1329 | 2732 | 3498 | 2463 | 2534 | 2523 | 2827 |
| Expenses | 1583 | 1324 | 1323 | 1335 | 2011 | 2161 | 1853 | 1896 | 2080 | 2363 |
| Operating Profit | 468 | 556 | 126 | -6 | 721 | 1337 | 609 | 638 | 443 | 465 |
| OPM % | 23 | 30 | 9 | -0.5 | 26 | 38 | 25 | 25 | 18 | 16 |
| Other Income | 121 | -70 | 173 | -241 | 158 | 396 | 271 | 349 | 947 | 945 |
| Interest | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 2 | 7 | 13 |
| Depreciation | 119 | 96 | 92 | 94 | 98 | 81 | 80 | 95 | 115 | 126 |
| Profit before tax | 469 | 388 | 205 | -343 | 778 | 1649 | 798 | 889 | 1268 | 1271 |
| Tax % | 26 | 43 | 28 | -90 | 43 | 27 | 25 | 24 | 25 | — |
| Net Profit | 347 | 220 | 146 | -36 | 446 | 1204 | 597 | 680 | 957 | 956 |
| EPS in Rs | 10.9 | 6.91 | 4.61 | -1.12 | 14.02 | 37.88 | 18.78 | 21.38 | 30.08 | 30.07 |
| Dividend Payout % | 32 | 29 | 43 | -18 | 31 | 30 | 51 | 47 | 32 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
| Reserves | 3937 | 4288 | 4254 | 4032 | 4003 | 4758 | 5722 | 6036 | 6378 | 7009 |
| Borrowings | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 126 | 317 |
| Other Liabilities | 1120 | 1044 | 894 | 967 | 905 | 1064 | 1166 | 1266 | 1183 | 1595 |
| Total Liabilities | 5121 | 5395 | 5211 | 5063 | 4973 | 5886 | 6953 | 7369 | 7751 | 8984 |
| Fixed Assets | 2075 | 2147 | 2131 | 2058 | 1585 | 1510 | 1454 | 1551 | 1553 | 2007 |
| CWIP | 21 | 11 | 1 | 4 | 6 | 23 | 28 | 292 | 775 | 1248 |
| Investments | 657 | 782 | 429 | 264 | 299 | 596 | 491 | 566 | 484 | 464 |
| Other Assets | 2368 | 2456 | 2651 | 2737 | 3083 | 3756 | 4979 | 4960 | 4938 | 5266 |
| Total Assets | 5121 | 5395 | 5211 | 5063 | 4973 | 5886 | 6953 | 7369 | 7751 | 8984 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 452 | 241 | 142 | 1 | 147 | 481 | 933 | 110 | 1066 | 744 |
| Cash from Investing Activity | -350 | -138 | 23 | 84 | 87 | -674 | -787 | 254 | -814 | -614 |
| Cash from Financing Activity | -115 | -97 | -134 | -77 | -63 | -7 | -137 | -365 | -183 | -154 |
| Net Cash Flow | -13 | 6 | 31 | 8 | 170 | -199 | 8 | 0 | 68 | -25 |
| Free Cash Flow | -6 | 35 | 72 | -9 | 135 | 443 | 908 | -366 | 430 | -289 |
| CFO/OP | 140 | 95 | 61 | 127 | -292 | 98 | 103 | 56 | 136 | 202 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 28 | 20 | 29 | 35 | 40 | 27 | 19 | 15 | 12 | 10 |
| Cash Conversion Cycle | 28 | 20 | 29 | 35 | 40 | 27 | 19 | 15 | 12 | 10 |
| Working Capital Days | 228 | 178 | 228 | 271 | 290 | 153 | 147 | 228 | 201 | 277 |
| ROCE % | 12 | 11 | 14 | 5 | 1 | 18 | 31 | 13 | 14 | 11 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74% | 74% | 74% | 74% | 74% | 74% | 74% | 74% | 74% | 74% | 74% | 74% |
| FIIs | 1.89% | 1.76% | 1.82% | 1.59% | 1.68% | 1.94% | 2.15% | 2.25% | 3.32% | 2.29% | 3.75% | 3.65% |
| DIIs | 1.01% | 0.89% | 0.74% | 1% | 0.78% | 0.74% | 0.76% | 0.79% | 0.76% | 0.87% | 0.94% | 0.82% |
| Government | 0% | 0% | 0% | 0.05% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.76% | 19.9% | 20.81% | 21% | 21.36% | 21.31% | 20.62% | 18.73% | 17.12% | 17.79% | 16.95% | 17.65% |
| Others | 3.35% | 3.45% | 2.63% | 2.36% | 2.18% | 2.01% | 2.48% | 4.23% | 4.8% | 5.05% | 4.35% | 3.88% |
| No. of Shareholders | 156002 | 179043 | 229463 | 241725 | 252024 | 251813 | 250538 | 227850 | 224558 | 237220 | 241551 | 248480 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 7 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 566.85 | Buy |
| EMA (10) | 570.41 | Buy |
| SMA (20) | 567.75 | Buy |
| EMA (20) | 570.73 | Buy |
| SMA (50) | 575.12 | Buy |
| EMA (50) | 579.77 | Sell |
| SMA (100) | 612.91 | Sell |
| EMA (100) | 588.86 | Sell |
| SMA (200) | 589.57 | Sell |
| EMA (200) | 568.56 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.8 | Neutral |
| MACD (12,26,9) | -1.83 | Buy |
| Stochastic (14,3,3) | 56.21 | Neutral |
| ADX (14) | 12.65 | Neutral |
| Williams %R (14) | -53.16 | Neutral |
| ATR (14) | 15.46 | Neutral |
| ROC (12) | -0.62 | Sell |
| Stoch RSI (14) | 78.31 | Neutral |
| UO (7,14,28) | 41.1 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 0 | 0% |
| Hold | 0 | 0% |
| Sell | 1 | 100% |

Based on 1 analyst ratings, observed at 2026-09-11T04:49:34.961388+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=19727f7e-e87e-43e3-a0c6-dc07b21ab233.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d9d0f9e4-3a6f-4e4a-b002-d9b632e0d09c.pdf) |
| 2026-09-05 | [Notice Of 63Rd Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dba166fe-c956-4c5e-a359-a31584030e55.pdf) |
| 2026-09-05 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=88c91fa9-a1af-4bd3-ab01-fef62b2479ed.pdf) |
| 2026-09-04 | [Intimation Of Probable Data Breach Incident](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9834bef-2157-4a03-83fe-4fa1a54cfcc9.pdf) |
| 2026-09-03 | [63Rd Annual General Meeting Of The Company Will Be Held On 30Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e15a75b-c7e2-4f9b-9e03-5e81730dfdcb.pdf) |
| 2026-08-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce064652-0380-4cb0-85a0-b05d3fa6c360.pdf) |
| 2026-07-22 | [Board Meeting Intimation for Unaudited Quarterly Financial Results (Standalone And Consolidated)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=005cad8f-83c9-40a9-a51f-33e7861e0469.pdf) |
| 2026-07-15 | [Announcement Under Regulation 30](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e95f4bf0-68a9-4ec0-822a-b6740a372ac0.pdf) |
| 2026-07-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36901513-e99b-42e0-8be0-f2048eb6e64e.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-31 | [Quarterly Financial Results For Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9df6bef8-67f8-463f-95d8-aa081c442fb9.pdf) |
| 2026-07-31 | [Quarterly Results For June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d9b2689e-cc3e-498a-b3ba-11ad75a26b95.pdf) |
| 2026-02-13 | [Financial Results December 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac5ffb48-f83c-4b33-a85c-6cf27842a9c3.pdf) |
| 2025-11-14 | [Results For Quarter Ended On 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0653fee5-07bc-4cf0-906f-c4d4532e3f9b.pdf) |
| 2025-07-25 | [UNAUDITED RESULTS FOR JUNE 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c3db3218-aa69-4da6-8ab2-c372234de3ff.pdf) |
| 2025-05-15 | [Audited Annual Results For 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58b6c65f-fcc1-4672-a202-a69ab7132b59.pdf) |
| 2025-01-31 | [Unaudited Results For December 2024 Quarter](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=554e3c41-0c10-41f7-9fd3-3f049493d7c5.pdf) |
| 2024-10-22 | [Result - Financial Results For Sep 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=752e48f6-1b4a-4ec8-abbb-b7a3756ad8ee.pdf) |
| 2024-07-26 | [Unaudited Standalone/Consolidated Financial Results Of GMDC For The Quarter Ended On 30.06.2024Limited Review Report For The Quarter Ended On 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7c53d4d-7581-4888-83ef-8c9236aefcce.pdf) |
| 2024-05-27 | [Audited Results March 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef055fc4-7056-4793-bc7a-17029ddbfd20.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - SEBI issued administrative warning on 12 Mar 2026 over disclosure lapses in Surkha(N) mine EC press release. | [Disclosure Under Regulation 30 Regarding Letter Issued By SEBI 8 Apr - SEBI issued administrative warning on 12 Mar 2026 over disclosure lapses in Surkha(N) mine EC press release.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d6bc31cf-d444-409a-a5f8-b278d2715193.pdf) |
| 6 May - Board meets 14 May 2026 to approve FY26 audited results and consider dividend. | [Board Meeting Intimation for Audited Annual Results And Recommendation Of Dividend, If Any 6 May - Board meets 14 May 2026 to approve FY26 audited results and consider dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9190c437-bf7b-4eae-a692-41fe048a48e7.pdf) |
| 6 Apr - GMDC received ESG rating 68/100, categorized as Aspiring. | [Intimation Of ESG Rating Assigned By NSE Sustainability Ratings & Analytics Ltd. 6 Apr - GMDC received ESG rating 68/100, categorized as Aspiring.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/867449c7-0e2c-44b4-b77c-1ee9504f6dd4.pdf) |
| 27 Feb - EC received for Lakhpat–Punrajpur: 3.0 MTPA lignite, 29.81 MTPA limestone on 27 Feb 2026. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 Feb - EC received for Lakhpat–Punrajpur: 3.0 MTPA lignite, 29.81 MTPA limestone on 27 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a662ca30-be4a-495d-bff0-ade1e02a3b3e.pdf) |
| 26 Feb - GMDC signed 19 Jan 2026 MoU with NTPC to explore coal and lignite gasification pilots and syngas commercialization. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 26 Feb - GMDC signed 19 Jan 2026 MoU with NTPC to explore coal and lignite gasification pilots and syngas commercialization.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9075f971-e6d4-460e-b40f-21ee52320ac8.pdf) |
| 26 Feb - 26 Feb 2026: GMDC MoU with NTPC to explore supplying Baitarani West (G-11) coal; FSAs/PPAs possible. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 26 Feb - 26 Feb 2026: GMDC MoU with NTPC to explore supplying Baitarani West (G-11) coal; FSAs/PPAs possible.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/38d8b88e-22d3-4fc1-8454-50213414425f.pdf) |
| 26 Feb - 26 Feb 2026: GMDC and NTPC sign MoU to explore coal/lignite gasification, pilots, syngas commercialization. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised) 26 Feb - 26 Feb 2026: GMDC and NTPC sign MoU to explore coal/lignite gasification, pilots, syngas commercialization.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e974f2f-057e-46e5-a1f4-3c0318e67bcb.pdf) |
| 24 Feb - CFC Finlease assigned ESG Rating 70 (Grade B, 'Good') to GMDC; company not engaged; disclosed 24-Feb-2026. | [Announcement Under Regulation 30 Regarding ESG Rating Received By The Company 24 Feb - CFC Finlease assigned ESG Rating 70 (Grade B, 'Good') to GMDC; company not engaged; disclosed 24-Feb-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/49a3cb5a-4e03-4767-9b6a-77e4a0a336cb.pdf) |
| 23 Mar - Company informs BSE that recent volume rise is market-driven; no undisclosed price-sensitive event (23/03/2026). | [Clarification In Respect Of Volume Movement Letter 23 Mar - Company informs BSE that recent volume rise is market-driven; no undisclosed price-sensitive event (23/03/2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ff1a7f3-750b-49e9-914e-99bb81fc6b9b.pdf) |
| 16 Mar - 16 Mar 2026: GMDC and NMDC sign MoU to explore Ambadungar rare-earth value chain. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 16 Mar - 16 Mar 2026: GMDC and NMDC sign MoU to explore Ambadungar rare-earth value chain.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3f15509-0b14-4519-a516-0eca439e22c0.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0de364a6-4b3d-4811-89d5-9e5552dd9c56.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70c8a893-c8ea-4147-baff-8db18ea2f4e4.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/70c8a893-c8ea-4147-baff-8db18ea2f4e4.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=321a0949-9368-49ec-ae47-13bc5527aa97.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/321a0949-9368-49ec-ae47-13bc5527aa97.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f5c702a-a3f0-404b-bf80-6eb4d2d463e8.pdf) |
| Mar 2022 | [Concall - Mar 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cd24390e-f7f6-4a86-b4ec-b9aec810993a.pdf) |
| Mar 2022 | [Concall - Mar 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cd24390e-f7f6-4a86-b4ec-b9aec810993a.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/30a137cd-db70-4bbe-9bc7-45666320abea.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20aa8ea6-058f-4cf4-8370-683e9a6f2980.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1775_GMDCLTD_2012_2013_16092013162259.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bf6e662d-aeef-4b3c-8ea1-6d7a98ae573e.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/744dea32-39cd-4fa2-840d-d5ab559292a7.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/089bbe01-47cd-4d4b-a5bb-0db81f352d33.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532181/77001532181.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532181/72690532181.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532181/67968532181.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532181/5321810319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532181/5321810318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532181/5321810317.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2024-08-02 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=30a137cd-db70-4bbe-9bc7-45666320abea.pdf) |
| 2023-02-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20aa8ea6-058f-4cf4-8370-683e9a6f2980.pdf) |
| 2022-10-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0de364a6-4b3d-4811-89d5-9e5552dd9c56.pdf) |
| 2022-08-22 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4e3696d-bbde-49d4-bd88-4c672b544de0.pdf) |
| 2022-05-02 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f5c702a-a3f0-404b-bf80-6eb4d2d463e8.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2024-07-31 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0ad80b7-8a90-4100-8fcb-c8dab49dd0dc.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:56:47.868Z.