As of September 23, 2025, the share price of Gujarat Mineral Development Corporation (GMDC) closed at ₹631.65 on NSE, marking an impressive +11.77% gain for the day. With its 52-week range between ₹226.59 and ₹638.70, GMDC has delivered remarkable long-term growth, catching the attention of retail and institutional investors alike.
GMDC Fundamentals
GMDC, a state-owned enterprise, enjoys a monopolistic position in Gujarat with exclusive mining rights for key minerals such as lignite, limestone, and bauxite. The company has also declared a dividend of ₹10.1 per share for FY25, reinforcing its reputation as a reliable dividend-paying stock. With low debt, healthy operating margins, and strong government backing, GMDC’s fundamentals remain robust.
Adding to its growth story, GMDC is expanding into critical minerals like lithium and rare earth elements—a sector with massive future demand due to electric vehicles and renewable energy. This diversification could significantly boost long-term earnings potential.
Financial Performance
In its June 2025 quarter, GMDC reported:
- Net Sales: ₹732.60 crore (down 6.83% QoQ)
- Net Profit: ₹163.77 crore (down 27.61% QoQ)
While quarterly numbers show a slowdown, the overall market cap now stands at ₹201.33 billion, reflecting strong investor confidence in the long-term story.
Technical Analysis
The stock is currently in a bullish trend, trading above key moving averages. However, recent sessions indicate high volatility, making it attractive for short-term traders but risky for conservative investors.
Expert View
Back in March 2025, Anand Rathi had set a 6-month target price of ₹315, which GMDC has now more than doubled. This outperformance highlights strong momentum, but some analysts warn of overvaluation risks at current levels.
Should You Invest in GMDC?
GMDC offers a mix of stability, government support, and future growth potential in critical minerals. For long-term investors, it remains a solid play on India’s resource sector. However, given its sharp rally and current volatility, fresh investments should be approached with caution, ideally through staggered buying or after price corrections.
Key Takeaway: GMDC share price is at lifetime highs, supported by strong fundamentals and ambitious expansion. Yet, investors must balance the growth story with the risks of overvaluation and commodity price fluctuations.
