Gujarat Mineral Development Corporation logo

Gujarat Mineral Development Corporation shareholders and shareholding pattern

NSE: GMDCLTDBSE: 532181Minerals & MiningSmall Cap

Last close ₹424.60down ₹10.40 (2.39%)BSE ₹424.55

Share price at the NSE close on 23 Oct 2026. Previous close ₹435.00.

52-week range of traded prices to 23 Oct 2026
₹416.40Low, 23 Oct 2026₹771.90High, 17 Apr 2026
Market cap
₹13,502 Cr350th largest listed
P/E
14.1
P/E without one-offs
29.9
P/B
1.9
Dividend yield
2.24%
ROE
14.2%
ROE without one-offs
6.7%
ROCE
4.6%
Debt to equity
0.04
Volume, NSE
11,64,02642.9% delivered

Who owns Gujarat Mineral Development Corporation, filing by filing

Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

  • Promoters74.00%
  • Foreign institutions3.72%
  • Indian institutions0.59%
  • GovernmentsNone
  • Individuals and others21.69%

Shareholding pattern, per cent, from Sep 2022

  • Promoters
  • Foreign institutions
  • Indian institutions
  • Governments
  • Individuals and others
Per centDec 2016Filed 7 JanMar 2017Filed 10 AprJun 2017Filed 7 JulSep 2017Filed 7 OctDec 2017Filed 9 JanMar 2018Filed 11 AprJun 2018Filed 10 JulSep 2018Filed 6 OctDec 2018Filed 11 JanMar 2019Filed 5 MayJun 2019Filed 12 JulSep 2019Filed 5 OctDec 2019Filed 8 JanMar 2020Filed 9 MayJun 2020Filed 7 JulSep 2020Filed 14 OctDec 2020Filed 29 JanMar 2021Filed 19 AprJun 2021Filed 9 JulSep 2021Filed 12 OctDec 2021Filed 13 JanMar 2022Filed 8 AprJun 2022Filed 9 JulSep 2022Filed 19 OctDec 2022Filed 12 JanMar 2023Filed 20 AprJun 2023Filed 15 JulSep 2023Filed 14 OctDec 2023Filed 9 JanMar 2024Filed 12 AprJun 2024Filed 19 JulSep 2024Filed 8 OctDec 2024Filed 13 JanMar 2025Filed 11 AprJun 2025Filed 9 JulSep 2025Filed 9 OctDec 2025Filed 12 JanMar 2026Filed 7 AprJun 2026Filed 8 JulSep 2026Filed 12 Oct
74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%
Indian promoters74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%
26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%25.99%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%26.00%
Shares in issue31,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,00031,80,00,000
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Gujarat Mineral Development Corporation shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

ShareholdersDec 2016Filed 7 JanMar 2017Filed 10 AprJun 2017Filed 7 JulSep 2017Filed 7 OctDec 2017Filed 9 JanMar 2018Filed 11 AprJun 2018Filed 10 JulSep 2018Filed 6 OctDec 2018Filed 11 JanMar 2019Filed 5 MayJun 2019Filed 12 JulSep 2019Filed 5 OctDec 2019Filed 8 JanMar 2020Filed 9 MayJun 2020Filed 7 JulSep 2020Filed 14 OctDec 2020Filed 29 JanMar 2021Filed 19 AprJun 2021Filed 9 JulSep 2021Filed 12 OctDec 2021Filed 13 JanMar 2022Filed 8 AprJun 2022Filed 9 JulSep 2022Filed 19 OctDec 2022Filed 12 JanMar 2023Filed 20 AprJun 2023Filed 15 JulSep 2023Filed 14 OctDec 2023Filed 9 JanMar 2024Filed 12 AprJun 2024Filed 19 JulSep 2024Filed 8 OctDec 2024Filed 13 JanMar 2025Filed 11 AprJun 2025Filed 9 JulSep 2025Filed 9 OctDec 2025Filed 12 JanMar 2026Filed 7 AprJun 2026Filed 8 JulSep 2026Filed 12 Oct
All shareholders64,11763,94362,89962,52760,74563,41062,70263,45366,38866,99767,30467,24869,06069,88977,60791,18590,6941,05,8911,11,8431,08,6811,05,8991,10,2241,29,1711,30,6361,28,7211,28,2571,31,6401,56,0021,79,0432,29,4632,41,7252,52,0242,51,8132,50,5382,27,8502,24,5582,37,2202,41,5512,48,4802,50,553
1111111111111111111111111111111111111111
Indian promoters1111111111111111111111111111111111111111
64,11663,94262,89862,52660,74463,40962,70163,45266,38766,99667,30367,24769,05969,88877,60691,18490,6931,05,8901,11,8421,08,6801,05,8981,10,2231,29,1701,30,6351,28,7201,28,2561,31,6391,56,0011,79,0422,29,4622,41,7242,52,0232,51,8122,50,5372,27,8492,24,5572,37,2192,41,5502,48,4792,50,552
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state.

Gujarat Mineral Development Corporation promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is GOVERNER OF GUJARAT, 74.00%.

Holder
GOVERNER OF GUJARATCentral and state governments74.00%23,53,20,000
No promoter shares are reported as pledged.

Largest public holders of Gujarat Mineral Development Corporation, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Gujarat Mineral Development Corporation

HolderDec 2016Filed 7 JanMar 2017Filed 10 AprJun 2017Filed 7 JulSep 2017Filed 7 OctDec 2017Filed 9 JanMar 2018Filed 11 AprJun 2018Filed 10 JulSep 2018Filed 6 OctDec 2018Filed 11 JanMar 2019Filed 5 MayJun 2019Filed 12 JulSep 2019Filed 5 OctDec 2019Filed 8 JanMar 2020Filed 9 MayJun 2020Filed 7 JulSep 2020Filed 14 OctDec 2020Filed 29 JanMar 2021Filed 19 AprJun 2021Filed 9 JulSep 2021Filed 12 OctDec 2021Filed 13 JanMar 2022Filed 8 AprJun 2022Filed 9 JulSep 2022Filed 19 OctDec 2022Filed 12 JanMar 2023Filed 20 AprJun 2023Filed 15 JulSep 2023Filed 14 OctDec 2023Filed 9 JanMar 2024Filed 12 AprJun 2024Filed 19 JulSep 2024Filed 8 OctDec 2024Filed 13 JanMar 2025Filed 11 AprJun 2025Filed 9 JulSep 2025Filed 9 OctDec 2025Filed 12 JanMar 2026Filed 7 AprJun 2026Filed 8 JulSep 2026Filed 12 Oct
LIFE INSURANCE CORPORATION OF INDIAInsurance companies1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.63%1.27%––––––––––––––––––
SANJEEV ARORAResident individuals, over ₹2 lakh at face value––––––––––––––––––––1.01%–––––––––––––––––––
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.