Is Gujarat Mineral Development Corporation the Best Stock in Its Sector? A Look at the Numbers
- September 28, 2026
- Posted by: Kunal Singla
- Category: Market
Gujarat Mineral Development Corporation CMP Rs 529 (28 Sep 2026). Market cap Rs 17,108 Cr. ROE 7.95%. P/E 17.89x versus Industry P/E 10.39x.
Quick Answer
Gujarat Mineral Development Corporation is one of the names investors compare when screening the Mining sector, built on a 7.95% return on equity and a P/E of 17.89x against an Industry P/E of 10.39x. Whether Gujarat Mineral Development Corporation is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Mining sector peers, so you can judge that for yourself.
Is Gujarat Mineral Development Corporation the best stock in its sector? The stock trades on the NSE at Rs 529 as of 28 September 2026, within its 52-week range of Rs 466.40 to Rs 771.90. Gujarat Mineral Development Corporation Ltd is a Gujarat government enterprise that mines lignite, bauxite, fluorspar and other minerals and generates power from lignite.
Gujarat Mineral Development Corporation sits in the Mining sector, and its 7.95% ROE and 17.89x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Gujarat Mineral Development Corporation
Gujarat Mineral Development Corporation Ltd is a Gujarat government enterprise that mines lignite, bauxite, fluorspar and other minerals and generates power from lignite. As a state government enterprise it is majority owned by the Government of Gujarat, and the stock is trading closer to its 52-week low than its high. At a market capitalisation of Rs 17,108 Cr, it is tracked as part of the Mining sector on Univest.
Is Gujarat Mineral Development Corporation the Best Stock in Its Sector?
Gujarat Mineral Development Corporation makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 7.95% ROE with a 17.89x P/E against the sector’s 10.39x Industry P/E. Gujarat Mineral Development Corporation’s 17.89x P/E is above the 10.39x Industry P/E, and its 7.95% ROE is well below NMDC’s and Coal India’s in this comparison, so the premium is not backed by better returns.
| Metric | Gujarat Mineral Development Corporation |
|---|---|
| CMP (NSE) | Rs 529.25 |
| 52-Week High / Low | Rs 771.90 / Rs 466.40 |
| Market Cap | Rs 17,108 Cr |
| P/E (TTM) vs Industry P/E | 17.89x vs 10.39x |
| P/B | 2.42 |
| ROE | 7.95% |
| EPS (TTM) | Rs 30.07 |
| Dividend Yield | 1.77% |
| Debt to Equity | 0.04 |
Compare Gujarat Mineral Development Corporation Against Other Mining Sector Stocks
How Gujarat Mineral Development Corporation Compares Against Its Mining Sector Peers
The table below sets Gujarat Mineral Development Corporation against 2 other Mining sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Gujarat Mineral Development Corporation | 17,108 | 17.89 | 7.95% | 0.04 |
| NMDC | 70,335 | 9.43 | 21.87% | 0.19 |
| Coal India | 2,62,101 | 8.41 | 26.11% | 0.12 |
| Peer average (2 companies) | – | 8.92 | 23.99% | 0.15 |
Against this peer set, Gujarat Mineral Development Corporation’s 7.95% ROE is below the 23.99% peer average, and its P/E of 17.89x runs above the peer average of 8.92x. Gujarat Mineral Development Corporation’s 17.89x P/E is above the 10.39x Industry P/E, and its 7.95% ROE is well below NMDC’s and Coal India’s in this comparison, so the premium is not backed by better returns.
What Makes Gujarat Mineral Development Corporation Worth Watching in Mining
- Near debt free: A debt to equity ratio of 0.04 gives Gujarat Mineral Development Corporation very little balance sheet strain.
- Diversified mineral portfolio: Mining lignite, bauxite, fluorspar and other minerals, alongside lignite-based power generation, spreads earnings across several commodity cycles.
- Steady dividend yield: A 1.77% dividend yield adds a modest income component for shareholders.
Gujarat Mineral Development Corporation Valuation: Is It Justified?
Gujarat Mineral Development Corporation’s 17.89x P/E is above the 10.39x Industry P/E, and its 7.95% ROE is well below NMDC’s and Coal India’s in this comparison, so the premium is not backed by better returns. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Godrej Agrovet the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Gujarat Mineral Development Corporation and other Mining sector stocks.
How to Track Gujarat Mineral Development Corporation Before You Invest
Before deciding whether Gujarat Mineral Development Corporation deserves its label as the best stock in its sector for your own portfolio, compare it directly against Mining sector peers using the steps below.
- Open the Univest Screener and search for Gujarat Mineral Development Corporation to view live price, valuation ratios, and peer comparisons within the Mining sector.
- Compare its P/E, P/B, and ROE against other Mining sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Gujarat Mineral Development Corporation earns a place in the best stock in its sector conversation on the strength of a 7.95% ROE and a P/E of 17.89x against a 10.39x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Gujarat Mineral Development Corporation the best stock in its sector?
Ans. Gujarat Mineral Development Corporation has a 7.95% ROE and trades at 17.89x P/E against a 10.39x Industry P/E, and compares below the peer average ROE of 23.99% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Gujarat Mineral Development Corporation?
Ans. Gujarat Mineral Development Corporation was trading at Rs 529.25 on the NSE as of 28 September 2026, within its 52-week range of Rs 466.40 to Rs 771.90.
What sector does Gujarat Mineral Development Corporation belong to?
Ans. Gujarat Mineral Development Corporation is classified under the Mining sector on Univest.
How does Gujarat Mineral Development Corporation compare to its sector peers on P/E?
Ans. Gujarat Mineral Development Corporation’s P/E of 17.89x is above the 8.92x average of the 2 named peers compared in this article.
What is Gujarat Mineral Development Corporation’s return on equity?
Ans. Gujarat Mineral Development Corporation reported a return on equity of 7.95%, which is below the 23.99% average of its named peers in this comparison.
Should I invest in Gujarat Mineral Development Corporation based on its sector position?
Ans. Gujarat Mineral Development Corporation’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
