GMDC Share Price Target 2024, 2025, 2030, 2040, 2050
GMDC is one of the leading companies in India. The company is named for mining and generating power from power plants.
The stock has done very well since it registered on the NSE because the company registered net profit every year.
What is Gujarat Mineral Development Corpn Ltd NSE: GMDCLTD?
Contents
- 1 What is Gujarat Mineral Development Corpn Ltd NSE: GMDCLTD?
- 2 GMDC Share Price Target 2024
- 3 GMDC Share Price Target 2025
- 4 GMDC Share Price Target 2030
- 5 GMDC Share Price Target 2040
- 6 GMDC Share Price Target 2050
- 7 Should I Buy GMDC Stock?
- 8 GMDC Ltd Earning Results
- 9 Is GMDC Stock Good to Buy? (Bull case & Bear case)
- 10 Conclusion
- 11 FAQs
GMDC is working to extract Gujarat’s rich mineral resources. it is an Indian company located in Gujrat. It has mainly two works, the first one is mining and the second one is to produce power by making power plants, of thermal, wind and solar.
The company also runs a power project at Nani Chher in Kutch. It mines minerals like Lignite, Silica, Sand, Limestone, Bentonite, Ball Clay, Bauxite, Fluorspar, and Manganese.
With the help of current data, this stock is doing well compared to last year. Not only that the stock similar to this company is also doing well. The company was in a very bad position during COVID-19. it took 2 years to come to the market with good profit. The uptrend is going to be continued by technical analysis.
| Year | Minimum Price | Maximum Price |
| 2024 | 301 | 580 |
its maximum profit came from extracting lignite as it is a type of coal which is used to generate electricity by the plants. it is good news or bad too, because this company mainly depend on lignite but it extracts more minerals too. But for now, it is in profit means the overall company is stable and making profits.
| Year | Minimum Price | Maximum Price |
| 2025 | 600 | 850 |
So there is always a chance to get in a bad situation with any company especially if they do business of any single material. but for GMDC it is not like that as it extracts a number of minerals for the earth. In the coming year, it is going to open some EV charging stations, which will help the company to grow more effectively. As it responded after the COVID is very good recovery, it recorded its highest price level in 2024 and is expected to continue its trend with some retracements.
| Year | Minimum Price | Maximum Price |
| 2030 | 1500 | 1850 |
In the last 5 years, the company has had lots of fluctuation, the company’s net profit was approx 430 crores in 2018 but dropped in 2019 due to covid pandemic. And in 2019 it registered 70 % of loss net collection in the year 2018. The company got again in trouble in 2020 and it going to next year too. And by the modification, and strategy the company again came to its original position. Now in the current year (2024), its stock has reached its all-time high price level and for the feature, it is expected to continue.
| Year | Minimum Price | Maximum Price |
| 2040 | 3000 | 3800 |
This company is one of the top suppliers of lignite. Also, the company exports its materials to the out of the country. Recently it found a mineral site in Jammu and Kashmir and also plans to make another branch there, for the long term company focuses on its other minerals to grow its business. Till now the company is in a very good position and can be a good stock for the long term.
Should I Buy GMDC Stock?
So the fundamental is very strong of this company. If you see its financial status then the company is slowly trying to decrease its debt. Also, the company is expected to expand in future. If you look at its price chart in 1 week time frame then it is stuck in a range and also from a bullish candle. Also, the company registered profit in some previous years and is expected to continue its bull run.
GMDC Ltd Earning Results
Quarterly – Gujarat Mineral Development Corp Q4 Results
*All figures in crores except per share values
| Fiscal Period | Mar 24 | Dec 22 | QoQ Comp | Mar 23 | YoY Comp |
| Total Revenue | 750.75 | 855.41 | 33.05% | 951.76 | -21.12% |
| Selling/ General/ Admin Expenses Total | 36.00 | 35.77 | -4.44% | 47.76 | -24.62% |
| Depreciation/ Amortization | 21.01 | 20.51 | 5.79% | 20.39 | 3.04% |
| Other Operating Expenses Total | 90.28 | 493.83 | -5.18% | 502.66 | -82.04% |
| Total Operating Expense | 566.42 | 540.36 | 22.35% | 571.57 | -0.90% |
| Operating Income | 184.33 | 315.05 | 81.92% | 380.18 | -51.51% |
| Net Income Before Taxes | 257.41 | 370.40 | 60.53% | 617.77 | -58.33% |
| Net Income | 207.13 | 266.12 | 77.30% | 452.29 | -54.20% |
| Diluted Normalized EPS | 6.51 | 8.37 | 77.38% | – | N/A |
Is GMDC Stock Good to Buy? (Bull case & Bear case)
Bull Case
- It makes good money, with growing sales and profits.
- It is a top player in its industry, with a well-known brand.
- The company invests in new ideas and products, keeping it ahead of competitors.
- It buys other companies to expand its business, boosting growth.
- The market for GMDC’s products is expected to be in more demand, which can increase its stock value.
- The company has experienced leaders with a clear vision.
Bear Case
- Strong competitors could take market share away from GMDC.
- New technologies could make GMDC’s products outdated if they don’t adapt.
Conclusion
So we have put the main information by which you can decide whether you should invest in this stock or not. But for our suggestion Buying GMDC stock could be a good idea if you believe in its strong finances, market position, and growth potential because the company has faced lots of downfalls but it has risen again.
