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Gujarat Mineral Development Corporation Ltd dividend

Gujarat Mineral Development Corporation Ltd dividend

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₹ 9.1 Cr

Volume transacted

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216.3 K

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Last Updated time: 15 Jul 15:30 PM

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Gujarat Mineral Development Corporation Ltd

NSE: GMDCLTD

DPS

11.45

Last updated : FY 2023

Key Highlights

    The Dividend per Share of Gujarat Mineral Development Corporation Ltd is ₹ 11.45 as of 2023 .a1#The Dividend Payout of Gujarat Mineral Development Corporation Ltd changed from 45.86 % on March 2019 to 30.03 % on March 2023 . This represents a CAGR of -8.12% over 5 years. a1#The Latest Trading Price of Gujarat Mineral Development Corporation Ltd is ₹ 421.35 as of 15 Jul 15:30 .a1#The Market Cap of Gujarat Mineral Development Corporation Ltd changed from ₹ 2591 crore on March 2019 to ₹ 4024 crore on March 2023 . This represents a CAGR of 9.20% over 5 years. a1#The Revenue of Gujarat Mineral Development Corporation Ltd changed from ₹ 1203 crore to ₹ 825.06 crore over 8 quarters. This represents a CAGR of -17.20% a1#The EBITDA of Gujarat Mineral Development Corporation Ltd changed from ₹ 488.54 crore to ₹ 279.65 crore over 8 quarters. This represents a CAGR of -24.34% a1#The Net Pr of Gujarat Mineral Development Corporation Ltd changed from ₹ 344.95 crore to ₹ 207.13 crore over 8 quarters. This represents a CAGR of -22.51% a1#

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Company Fundamentals For Gujarat Mineral Development Corporation Ltd

Market Cap

13,398 Cr

EPS

19.4

P/E Ratio (TTM) *

21.7

P/B Ratio (TTM) *

2.2

DTE *

0.0

ROE *

10.1

ROCE *

13.3

Dividend Yield *

9.05

DPS *

11.45

Dividend Payout *

30.03

Ann.Dividend % *

572.5

* All values are consolidated

Last Updated time: 15 Jul 15:30 PM

* All values are consolidated

Last Updated time: 15 Jul 15:30 PM

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Historical Dividend Payout of Gujarat Mineral Development Corporation Ltd

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Historical Dividend Payout of Gujarat Mineral Development Corporation Ltd

Period
Mar '1946
Mar '2044
Mar '21-17
Mar '2231
Mar '2330

* All values are a in %

Dividend per Share (DPS) Over Time

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DIVIDENDYIELD

Dividend Yield is a financial ratio that shows the annual dividend income relative to the market price of a share. It is calculated by dividing the dividend per share by the current market price per share, expressed as a percentage.

Dividend Yield Comparison With Top Peers

1M

1Y

3Y

5Y

* All values are in %

Net Profit Vs Dividend Per Share

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Gujarat Mineral Development Corporation Ltd

NSE: GMDCLTD

PRICE

421.35

3.60 (0.86%)

stock direction

Last updated : 15 Jul 15:30

SWOT Analysis Of Gujarat Mineral Development Corporation Ltd

Strength

4

S

Weakness

3

W

Opportunity

0

O

Threats

1

T

BlinkX Score for Gujarat Mineral Development Corporation Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Overview of Dividend

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


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Historical Market Cap of Gujarat Mineral Development Corporation Ltd

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Historical Market Cap of Gujarat Mineral Development Corporation Ltd

Period
Mar '192592
Mar '20999
Mar '211760
Mar '226037
Mar '234024

* All values are a in crore

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Historical Revenue of Gujarat Mineral Development Corporation Ltd

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Historical Revenue of Gujarat Mineral Development Corporation Ltd

Period
Jun '221203
Sep '22592
Dec '22912
Mar '231186
Jun '23830
Sep '23460
Dec '23625
Mar '24825

* All values are a in crore

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Historical EBITDA of Gujarat Mineral Development Corporation Ltd

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

Historical EBITDA of Gujarat Mineral Development Corporation Ltd

Period
Jun '22489
Sep '22224
Dec '22393
Mar '23628
Jun '23311
Sep '23128
Dec '23181
Mar '24280

* All values are a in crore

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Historical Net Profit of Gujarat Mineral Development Corporation Ltd

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Historical Net Profit of Gujarat Mineral Development Corporation Ltd

Period
Jun '22345
Sep '22151
Dec '22266
Mar '23442
Jun '23219
Sep '2375
Dec '23117
Mar '24207

* All values are a in crore

About Gujarat Mineral Development Corporation Ltd

About Gujarat Mineral Development Corporation Ltd

    Gujarat Mineral Development Corporation Ltd (GMDC) is a mining and mineral processing company in India. The company is the largest merchant seller of Lignite in India. The company produces lignite, bauxite, calcined bauxite, fluorspar and manganese ore. They are also engaged in the generation of power. The company offers lignite for various industrial units, including textiles, chemicals, ceramics, bricks, and captive power. Lignite mining is the main operation of the company. GMDC currently has 6 operational Lignite mines with annual production capacity of 90 Lac Tonne per Annum (LTPA). The mines are located in Kutch, South Gujarat and Bhavnagar region. GMDC's Bauxite mines are located in the districts of Kutch as well as Devbhoomi Dwarka in Gujarat. The Bauxite deposits of Gujarat are clustered deposits with numerous pocket deposits present in near-by vicinity. Gujarat Mineral Development Corporation Ltd was established by Government of Gujarat, in the year May 15th, 1963, for developing major mineral resources of the State of Gujarat. The company commenced their operations; with small sand crushing plant at Surendranagar, which supplied graded sand to consumers all over the State. The sand was used by various manufacturers of sodium silicate and glass industries. In the year 1968, the company commenced their next project, which was beneficiation of fluorspar, a rare mineral essential for basic industries, like refining of steel manufacturing of aluminium, hydrochloric acid, foundry flux and welding electrodes among others. In the early 70's the company commenced mining of lignite in Kutch district. In the year 1984, the company started mining operations at Rajpardi near Ankleshwar. They supplied lignite to majority of the textile industries from this mine. In October 1997, the Government of Gujarat came out with an offer for sale of 82,68,000 equity shares of Rs 10 each at Rs 140 thereby diluting their stake to 74%. The Government intends to disinvest further equity in a period of 24 months so as to bring down their holding in GMDC to 49%-51%. During the year 2004-05, the company commenced their operations in the mine at village Tadkeshwar in Surat district, which was leased by the company. The company commissioned the Sea Water Intake System, Desalination Plant, Fuel Oil Handling System, Cooling Water System and Air Compressor System & Other Auxiliary Systems. During the year 2004-05, the company signed a MoU with RBG Minerals Industries, Udaipir for developing the Ambaji Group Mining and a concentration project. In December 15, 2004, the company completed the refractory dry out procedure of the Boiler Unit I lead to light up of the Boiler by oil. After the light up, steam blowing activities were undertaken and the first unit was successfully synchronized with GEB Grid on March 31, 2005. During the year 2005-06, after commissioning of the Material Handling System, the first unit was taken on Lignite Trials and successfully reached its rated capacity of 125 MW by end of October 2005. The second unit was lighted up on October 10, 2005 and was successfully synchronized with the Grid on December 12, 2005. Lignite dispatch from Tadkeshwar started from March 2006 on commercial basis During the year 2006-07, the company executed a MoU with Gokul Refoils & Solvents Ltd for setting up of 125 MW captive power plant based on lignite from Tadkeshwar mine. Also, they executed a MoU with Jaypee Associates Ltd, New Delhi, for setting up a 2.4 MTPA cement plant based on limestone. During the year, the company entered into a joint venture with Gujarat Power Corporation and formed a company namely, Bhavnagar Energy Company Ltd for 500 MW lignite based power plant at Bhavnagar. The unit 2 of power projects at Nani-Chher started commercial operation from May 1, 2005 and the unit 1 was commercialized from March 12, 2007. During the year 2007-08, the company signed a MoU with Aluchem Inc, USA for setting up of 1 million TPA capacity Alumina based chemicals and speciality products based on Bauxite deposits. Also, the company was granted work permit by the Government of Gujarat for lifting of 1 lakh MT of Manganese Waste Dump from Shivrajpur in Baroda. In September 2007, the company started mining production in Amod Lignite Mine near Rajpardi. The mining operations in Bhavnagar mine were commenced in April 2008 and the lignite production is expected to start from September-October 2008. GMDC started operations in Umarsar Lignite Mine and Mevasa Bauxite Mine in FY 2014-15 that added further value to company's mining business. During the year ended 31 March 2016, GMDC commenced setting up of another 50 MW of wind power among which 4 MW has already been commissioned. The power generations of GMDC's Akrimota Thermal Power Station (ATPS) had crossed 1400 million units for the first time in FY 2016. These improvements in continuous generation were attributed mainly to the fast response time to any breakdowns by M/s KEPCO (Korea Electric Power Corporation) and addressing various technical shortfalls by timely procurement of spares. To implement the project for setting up 125 MW Power plant in Joint Venture between GMDC and M/s. Gokul Refoils & Solvents Limited, a JVC under the name of M/s. Gujarat Gokul Power Limited was incorporated. The required land for the project was purchased and related project activities will be started. GMDC started bauxite mining operations at its Mewasa Bauxite Mines in Devbhoomi Dwarka district of Gujarat from 28 April 2015. The annual production capacity of this mine is 1.25 lakh MT. During the year ended 31 March 2017, GMDC's Akrimota Thermal Power Station has turned around and performed very well by producing 1392 MUs having 63.6% PLF. During the year under review, GMDC completed setting up of another 50 MW of wind power. Manganese oxide, manganese dioxide and manganese sulphate plants set by Aikya Chemicals Private Limited JVC has been commissioned and production will start soon. GMDC invested Rs. 2.5898 crore as equity in the company during the year under report. GMDC's Akrimota Thermal Power Station (ATPS) generated 446.267 Million Units with 82.64 % PLF in Q4 of FY 17-18 which is ever highest quarterly power generation. Also in month of March 2018, power generation remained 155.242 Million Unit with 83.46 % PLF, which is also ever highest monthly Power generation in ATPS. During the year 2017-18, GMDC completed about 35,000 meters of core drilling within allotted Panandhro Extension & Bharkhandam lignite blocks and established about 55 mt of lignite and about 1250 mt of cement grade limestone deposit in western Kutch region. Similarly, GMDC also completed about 20,000 meters of core drilling in Ghala Lignite Block in Surat district and established lignite reserves of the order of 21 million tones. In addition, GMDC also carried out geological mapping with help of satellite images & GIS technology over possible bauxite & laterite bearing areas in Kutch and established additional bauxite bearing areas for stage - II exploration. During the year 2018-19, the Company operated six lignite mines, namely, Panandhro, Mata-No-Madh, Rajpardi, Tadkeshwar, Bhavnagar and Umarsar Lignite Mines. During the year under review, 91.90 lakh MT of lignite were produced from these mines. In the Financial year 2018-19, Company sold 1,11,560.60 MT of (<52% Al2O3) Non Plant Grade Bauxite along with 6,636.93 MT of mine dust from Gadhsisa Group of mine, District Kutch. In the Financial year 2018-19, Company sold 5,125.48 MT (> 52% Al2O3) Plant Grade Bauxite and 54,513.74 MT of (<52% Al2O3) Non Plant Grade Bauxite from Mevasa Mine, District Devbhoomi Dwarka. In the Financial year 2018-19, Company sold 48,713.68 MT of Sub grade Manganese Ore from Waste dump of Shivrajpur Project, District Panchmahal. During the year 2018-19, Bhavnagar Energy Company Ltd. has been merged with Gujarat State Electricity Corporation Ltd. vide Notification dated 27th August 2018 issued by Energy and Petrochemicals Department, Government of Gujarat. GMDC has been given one share of GSECL of Rs 10/- fully paid against the total investment of Rs 29,765 lakh in 29,76,50,000 equity shares of BECL of Rs 10 each, fully paid.

Gujarat Mineral Development Corporation Ltd News Hub

News

Board of Gujarat Mineral Development Corp. recommends final dividend

Gujarat Mineral Development Corp. announced that the Board of Directors of the Company at ...

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28 May 202410:36

News

Gujarat Mineral Development Corp. to conduct board meeting

Gujarat Mineral Development Corp. will hold a meeting of the Board of Directors of the Com...

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17 May 202414:31

News

Gujarat Mineral Development Corporation appoints CFO

Gujarat Mineral Development Corporation announced the appointment of Anupma K. Iyer, Gener...

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14 Mar 202414:54

News

GMDC jumps on appointing Anupma K. Iyer as CFO

The company appointed Anupma K. Iyer as the chief financial officer and key managerial per...

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14 Mar 202414:26

News

Board of Gujarat Mineral Development Corporation approves R&R plan for operationalizing Baitarni-West mine in Odisha

The Board of Directors of Gujarat Mineral Development Corporation (GMDC) have approved the...

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06 Mar 202414:10

News

Board of Gujarat Mineral Development Corporation approves capital outlay of Rs 3,041 cr for FY25

The Board of Gujarat Mineral Development Corporation (GMDC) has approved a Rs 3,041 crore ...

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22 Feb 202417:11

FAQs for dividends of Gujarat Mineral Development Corporation Ltd

What is the current market price of Gujarat Mineral Development Corporation Ltd Ltd as of July 15, 2024?

The current market price of Gujarat Mineral Development Corporation Ltd Ltd stands at 421.4 per share.

What dividend did Gujarat Mineral Development Corporation Ltd declare in the last fiscal year?

In the last fiscal year, Gujarat Mineral Development Corporation Ltd declared a dividend totaling ₹8.6.

What is the most recent dividend declared by Gujarat Mineral Development Corporation Ltd?

Gujarat Mineral Development Corporation Ltd recently declared a dividend of 0.0 in the latest quarter

How many times has Gujarat Mineral Development Corporation Ltd declared dividends in the current fiscal year

Gujarat Mineral Development Corporation Ltd has declared dividends 4 times totaling ₹0 in the current fiscal year (FY2023-2024).

How many times did Gujarat Mineral Development Corporation Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2022-2023), Gujarat Mineral Development Corporation Ltd declared dividends 4 times totaling ₹0.
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