Coal India vs NMDC vs Gujarat Mineral Development Corporation: Which Stock Should You Track
- September 24, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Coal India PE 8.38, mkt cap Rs 2,61,300 crore. NMDC PE 9.67, mkt cap Rs 72,093 crore. Gujarat Mineral Development Corporation PE 18.52, mkt cap Rs 17,706 crore.
Quick Answer
Coal India vs NMDC vs Gujarat Mineral Development Corporation is a side-by-side comparison of three companies from the PSU Mining space. On this comparison, Coal India carries a market capitalisation of about Rs 2,61,300 crore against Rs 72,093 crore for NMDC and Rs 17,706 crore for Gujarat Mineral Development Corporation, with return on equity of 26.11%, 21.87% and 7.95% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Coal India vs NMDC vs Gujarat Mineral Development Corporation starts with the core numbers most investors compare within the PSU Mining segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the PSU Mining bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Coal India, NMDC and Gujarat Mineral Development Corporation: Company Overview
Coal India is a listed Indian company in the PSU Mining space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
NMDC is a listed Indian company in the PSU Mining space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Gujarat Mineral Development Corporation is a listed Indian company in the PSU Mining space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Coal India vs NMDC vs Gujarat Mineral Development Corporation: Valuation and Profitability Snapshot
| Metric | Coal India | NMDC | Gujarat Mineral Development Corporation |
|---|---|---|---|
| Market Cap (approx.) | Rs 2,61,300 crore | Rs 72,093 crore | Rs 17,706 crore |
| PE Ratio (TTM) | 8.38 | 9.67 | 18.52 |
| PB Ratio | 2.19 | 2.12 | 2.50 |
| Return on Equity (ROE) | 26.11% | 21.87% | 7.95% |
| EPS (TTM, Rs) | 50.60 | 8.48 | 30.07 |
| Dividend Yield | 6.25% | 4.27% | 1.71% |
| Debt to Equity | 0.12 | 0.19 | 0.04 |
| Book Value per Share (Rs) | 193.26 | 38.74 | 222.41 |
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On valuation, Coal India trades at a PE of 8.38 and a PB of 2.19, NMDC at a PE of 9.67 and a PB of 2.12, while Gujarat Mineral Development Corporation trades at a PE of 18.52 and a PB of 2.50. On return on equity, the three post 26.11%, 21.87% and 7.95% respectively, and on dividend yield they stand at 6.25%, 4.27% and 1.71%.
Coal India vs NMDC vs Gujarat Mineral Development Corporation: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Coal India | Rs 48,295.27 crore | Rs 8,849.81 crore | +8.4% | -6.4% |
| NMDC | Rs 7,142.54 crore | Rs 2,005.71 crore | +1.5% | -39.3% |
| Gujarat Mineral Development Corporation | Rs 982.79 crore | Rs 163.43 crore | +21.3% | +1.4% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three psu mining names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Coal India vs NMDC vs Gujarat Mineral Development Corporation highlights how differently three companies in the same psu mining segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; 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).
FAQs on Coal India vs NMDC vs Gujarat Mineral Development Corporation
What is the market cap difference between Coal India, NMDC and Gujarat Mineral Development Corporation?
Ans. As of September 2026, Coal India has a market cap of approximately Rs 2,61,300 crore, NMDC is at approximately Rs 72,093 crore, and Gujarat Mineral Development Corporation is at approximately Rs 17,706 crore.
Which of the three has the highest PE ratio?
Ans. Among Coal India, NMDC and Gujarat Mineral Development Corporation, the PE ratios stand at 8.38, 9.67 and 18.52 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Coal India, NMDC and Gujarat Mineral Development Corporation post ROE of 26.11%, 21.87% and 7.95% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Coal India, NMDC and Gujarat Mineral Development Corporation carry dividend yields of 6.25%, 4.27% and 1.71% respectively.
What is the debt to equity ratio for Coal India, NMDC and Gujarat Mineral Development Corporation?
Ans. Coal India carries a debt to equity of 0.12, NMDC of 0.19, and Gujarat Mineral Development Corporation of 0.04.
Which of the three trades at the highest price to book value?
Ans. Coal India, NMDC and Gujarat Mineral Development Corporation trade at price to book ratios of 2.19, 2.12 and 2.50 respectively.
Is one of Coal India, NMDC or Gujarat Mineral Development Corporation better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
