Gujarat Mineral Development Corp Ltd

CMP: 163

Gujarat Mineral Development Corporation Limited is a Indian mining company, which specializes in lignite mining in the Gujarat area. The Company also invests in property.

GMDC is a good growth stock in mid-cap space currently trading at a P/E of little over 12 with good dividend yields of close to 2% in the last 12 months. Revenues have grown steadily from 491 Crores to 1,414 Crores in the last 5 years. Profits have grown more from 33 Crores to 374 Crores over 5 years. NPM has grown impressively from 7% to 26% over 5 years adding more value to revenue growth. Current quarters are in line with the growth. Buy and hold for long term gains.

[Gujarat Mineral Development Corporation Ltd.] Q2 net profit surges by 12%.

A good buy for long term.

Cheers!