Gujarat Mineral Development Corporation (GMDC) GMDCLTD
Gujarat state miner developing the Ambadungar rare-earth deposit with BARC technology
Mapped in 1 theme: Rare-Earth Magnets (REPM).
Where Gujarat Mineral Development Corporation (GMDC) sits in the supply chain
Gujarat Mineral Development Corporation (GMDC) appears in 2 supply-chain layers in one theme, Rare-Earth Magnets (REPM).
Rare-Earth Magnets (REPM) › Hard-rock deposits & new miners
Emerging entrantOther companies in this layer
Rare-Earth Magnets (REPM) › Separation & refining (oxides)
Emerging entrantOther companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 2,463 | 2,534 | 2,523 |
| Net profit | 597 | 680 | 957 |
Latest-year revenue ₹2,523 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- Received BARC's indigenous rare-earth process technology for Ambadungar (19 Jan 2026)
- Non-binding MoU with NMDC (16 Mar 2026) to study a full Gujarat rare-earth chain
Risks
- Rare earths are pre-revenue; earnings come from lignite and other minerals
- Stock rallied on the theme and then fell back over the past year - sentiment-driven
Common questions
What does Gujarat Mineral Development Corporation (GMDC) do?
Gujarat state miner developing the Ambadungar rare-earth deposit with BARC technology.
Where does Gujarat Mineral Development Corporation (GMDC) sit in the supply chain?
Gujarat Mineral Development Corporation (GMDC) (NSE: GMDCLTD) is mapped in 2 supply-chain layers: Hard-rock deposits & new miners (Rare-Earth Magnets (REPM)) and Separation & refining (oxides) (Rare-Earth Magnets (REPM)).
Who are Gujarat Mineral Development Corporation (GMDC)'s peers?
In the Hard-rock deposits & new miners layer of Rare-Earth Magnets (REPM): NMDC.
What is Gujarat Mineral Development Corporation (GMDC)'s market cap and valuation?
As of 30 Oct 2026: market cap ₹13,087 Cr, P/E 21.0x, ROCE 10.8%, ROE 4.2%, dividend yield 2.31%.