Gujarat Mineral DevelopmentNSE:GMDCLTD -0.73%63 Return-on-Tangible-Equity is 13.99% as of Mar. 2026, which is 42% above its 10-year median of 9.86. GuruFocus rates NSE:GMDCLTD with a GF Score™ of 63/100 and a GF Value™ of ₹372.47 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 177 Other Energy Sources companies, Gujarat Mineral Development ranks better than 85.31% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Gujarat Mineral Development's annualized net income for the quarter that ended in Mar. 2026 was ₹7,764 Mil. Gujarat Mineral Development's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹55,477 Mil. Therefore, Gujarat Mineral Development's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.99%.
The historical rank and industry rank for Gujarat Mineral Development's Return-on-Tangible-Equity or its related term are showing as below:
NSE:GMDCLTD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.96 Med: 9.86 Max: 24.24
Current: 16.95
During the past 13 years, Gujarat Mineral Development's highest Return-on-Tangible-Equity was 24.24%. The lowest was -0.96%. And the median was 9.86%.
NSE:GMDCLTD's Return-on-Tangible-Equity is ranked better than 85.31% of 177
companies
in the Other Energy Sources industry
Industry Median: 0.88
vs NSE:GMDCLTD: 16.95
Gujarat Mineral Development (NSE:GMDCLTD) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Gujarat Mineral Development Return-on-Tangible-Equity Related Terms
Gujarat Mineral Development Return-on-Tangible-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Gujarat Mineral Development Return-on-Tangible-Equity Chart
Gujarat Mineral Development Return-on-Tangible-Equity Competitor Comparison
For the Thermal Coal subindustry, Gujarat Mineral Development's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Gujarat Mineral Development Return-on-Tangible-Equity vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Gujarat Mineral Development's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gujarat Mineral Development's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.99% mean?
Gujarat Mineral Development (NSE:GMDCLTD) has a Return-on-Tangible-Equity of 13.99% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Gujarat Mineral Development and its competitors. This is 42% above median its historical median of 9.86. According to the industry distribution chart, Gujarat Mineral Development ranks #26 out of 177 companies in the Other Energy Sources industry, placing it in the top 14.7%.
Is Gujarat Mineral Development's Return-on-Tangible-Equity too high?
Gujarat Mineral Development's current Return-on-Tangible-Equity of 13.99% is 42% above median its 10-year median of 9.86. The Other Energy Sources industry median Return-on-Tangible-Equity is 0.88. Gujarat Mineral Development's value of 13.99% is 1489.8% above this industry median. Based on the distribution chart, Gujarat Mineral Development ranks #26 out of 177 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Gujarat Mineral Development has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Mineral Development's Return-on-Tangible-Equity compare to competitors?
According to the Other Energy Sources industry distribution chart, Gujarat Mineral Development ranks #26 out of 177 companies for Return-on-Tangible-Equity. This places Gujarat Mineral Development in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 0.88. Gujarat Mineral Development's value of 13.99% is 1489.8% above this benchmark. While the company's 10-year median is 9.86 vs. the industry median of 0.88, Gujarat Mineral Development has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Other Energy Sources company?
The median Return-on-Tangible-Equity among Other Energy Sources companies is 0.88, based on 177 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gujarat Mineral Development's current Return-on-Tangible-Equity of 13.99% is 1489.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Gujarat Mineral Development and its competitors. For the Other Energy Sources industry, the median Return-on-Tangible-Equity is 0.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat Mineral Development's current Return-on-Tangible-Equity is 13.99%, which is 42% above median its own 10-year median of 9.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Mineral Development stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Mineral Development (NSE:GMDCLTD) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹372.47, compared to a current price of ₹597.00 — trading 60.3% above its estimated fair value. The current Return-on-Tangible-Equity is 13.99%, which is 42% above median its 10-year median of 9.86 and 1489.8% above the Other Energy Sources industry median of 0.88. Gujarat Mineral Development's overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Gujarat Mineral Development (NSE:GMDCLTD), the current Return-on-Tangible-Equity is 13.99% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Gujarat Mineral Development (NSE:GMDCLTD) Overvalued in 2026?
Based on GuruFocus' analysis, Gujarat Mineral Development stock appears to be overvalued.
The current stock price of ₹597.00 is trading 60.3% above its estimated GF Value™ of ₹372.47.
GuruFocus considers Gujarat Mineral Development to be Significantly Overvalued.
Key valuation signals for NSE:GMDCLTD:
Return-on-Tangible-Equity: 13.99% (42% above median its 10-year median of 9.86)
GF Value™: ₹372.47 vs. price of ₹597.00 (60.3% above fair value)
Industry Position: 1489.8% above the Other Energy Sources median (#26 of 177)
No single metric tells the full story. See the NSE:GMDCLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gujarat Mineral Development Corp Ltd is a mineral resource mining company. Its operations include lignite mining, bauxite mining, fluorspar mining, manganese mining, and power generation. The company's segments include Mining and Power. The majority of its revenue is derived from the Mining segment which engages in the mining and sale of manganese, bauxite, limestone, silica sand, and others. Geographically, the company operates only in India.
63GF Score
Get the complete analysis for NSE:GMDCLTD
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:GMDCLTD has been successfully added to your 
