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Home CompaniesMajor Drilling Group International

Major Drilling Group International

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
15.2 CAD 0.17 ( 1.13%)
Last update at 2026-11-04T20:33:00Z
VOLUME
139614
Market Cap
1350.29M
P/E
96.71

Momentum Score

…

Major Drilling Group International Inc. provides contract drilling services to mining and mineral exploration companies in the United States, Canada, South and Central America, Australasia, and Africa. The company offers various drilling services, including reverse circulation, surface and underground coring, directional, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, and surface drill and blast services, as well as range of mining services. Major Drilling Group International Inc. was founded in 1980 and is headquartered in Moncton, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
14.74
Low
15.41
High
52 Week Price Range
7.83
Low
18.65
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Major Drilling Group International is a Canada-based global drilling contractor serving mineral exploration and mining clients with diamond, reverse-circulation, directional and production drilling across surface and underground operations. Long-term growth drivers include sustained exploration spending for metals and critical minerals tied to electrification, geographic diversification of projects and fleet utilization improvements that may benefit revenues. Investors may find the company attractive for its scale, specialized equipment base and recurring, project-driven contract exposure that could support cash flow stability.
Key investment risks include sensitivity to mining capital spending and commodity cycles, competitive and execution risk in international operations, currency and geopolitical exposure, and potential safety or environmental liabilities.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
15.03
Dividend Yield
-
Revenue TTM
842.93M
Revenue Per Share
10.29
Gross Profit TTM
130.75M
Debt / Equity
0.01
ROE
2.63%
Net Debt
-91.50M
ROCE
6.60%
Diluted EPS TTM
0.17

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Type yearly yearly yearly yearly yearly
Date 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Income before tax 37.30M 71.01M 97.57M 68.48M 13.59M
Net income 25.95M 53.09M 74.92M 53.46M 10.03M
Selling general administrative 74.97M 68.90M 61.13M 53.64M 44.97M
Selling and marketing expenses - -3.90M - - -
Gross profit 130.54M 152.72M 176.90M 139.77M 64.09M
Reconciled depreciation 63.52M 51.72M 47.48M 43.98M 39.16M
Ebit 39.02M 73.50M 100.43M 70.96M 12.89M
Ebitda 102.54M 125.22M 147.91M 114.94M 52.05M
Depreciation and amortization 63.52M 51.72M 47.48M 43.98M 39.16M
Operating income 39.02M 83.55M 100.43M 70.96M 12.89M
Other operating expenses 688.55M 623.15M 637.16M 579.45M 419.18M
Interest expense 0.48M - 2.86M 1.63M 1.17M
Tax provision 11.35M 17.93M 22.65M 15.03M 3.55M
Interest income 2.40M 2.20M 1.93M 3.02M 0.30M
Net interest income -0.48M 2.20M 0.83M -1.63M -1.17M
Income tax expense 11.35M 17.93M 22.65M 15.03M 3.55M
Total revenue 727.58M 706.69M 735.74M 650.41M 432.08M
Total operating expenses 91.52M 79.22M 78.31M 68.81M 51.19M
Cost of revenue 597.04M 553.97M 558.84M 510.64M 367.99M
Total other income expense net -1.73M -12.53M -2.86M -2.48M 0.69M
Net income from continuing ops 25.95M 53.09M 74.92M 53.46M 10.03M
Net income applicable to common shares 25.95M 53.09M 74.92M 53.46M 10.03M
Breakdown 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Type yearly yearly yearly yearly yearly
Date 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Total assets 718.74M 612.18M 611.68M 557.08M 388.53M
Intangible assets 24.26M 2.22M 3.30M 4.60M 0.57M
Other current assets - 9.53M 11.00M 8.96M 6.71M
Total liab 196.64M 118.35M 159.11M 197.32M 108.37M
Total stockholder equity 522.10M 493.83M 452.58M 359.76M 280.16M
Other current liab 8.87M 8.86M 7.14M 13.64M 1.64M
Common stock - 262.68M 266.07M 263.18M 243.38M
Capital stock 263.11M 262.68M 266.07M 263.18M 243.38M
Retained earnings 177.69M 151.74M 105.94M 31.02M -22.46M
Other liab - - 20.60M 25.70M 14.44M
Good will 65.96M 22.60M 22.69M 22.80M 7.71M
Other assets - - 4.44M 4.35M 8.90M
Cash 45.99M 96.22M 94.43M 71.26M 22.36M
Cash and equivalents - - - - 22.36M
Total current liabilities 127.88M 100.85M 114.57M 117.74M 75.88M
Current deferred revenue - 4.37M 3.67M - -
Net debt - -91.50M -68.88M -15.87M -3.15M
Short term debt - 1.40M 1.62M 1.50M 1.16M
Short long term debt - - - - 0.36M
Short long term debt total - 4.72M 25.55M 55.39M 19.21M
Other stockholder equity - 0.00M 3.70M 4.00M 5.56M
Property plant equipment - - 220.72M 203.68M 148.16M
Total current assets 321.83M 342.61M 360.52M 321.66M 223.20M
Long term investments 17.81M - - - -
Net tangible assets - - 426.58M 332.36M 271.89M
Net receivables 144.73M 126.05M 139.97M 144.66M 108.54M
Long term debt 27.68M - 19.97M 50.00M 15.11M
Inventory 115.63M 110.81M 115.13M 96.78M 85.58M
Accounts payable 112.69M 86.23M 102.14M 102.60M 73.08M
Accumulated other comprehensive income - 79.41M 76.87M 61.56M 53.68M
Non currrent assets other - 2.22M - - -
Non current assets total 396.91M 269.57M 251.16M 235.42M 165.33M
Capital lease obligations 9.45M 4.72M 5.58M 5.39M 3.75M
Long term debt total - - 23.94M 53.88M 18.05M
Breakdown 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Type yearly yearly yearly yearly yearly
Date 2025-04-30 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Investments -178.03M -78.39M -63.98M -85.84M -29.38M
Change to liabilities - - -3.17M 21.15M -36.15M
Total cashflows from investing activities -178.03M -78.39M -63.98M -85.84M -29.38M
Net borrowings 25.61M -21.50M -31.69M 33.27M -37.37M
Total cash from financing activities 25.92M -32.52M -29.61M 38.25M -37.23M
Change to operating activities - - -1.58M -0.34M -2.61M
Net income 37.30M 53.09M 97.57M 68.48M 13.59M
Change in cash -50.23M 1.79M 23.17M 48.90M -36.07M
Begin period cash flow 96.22M 94.43M 71.26M 22.36M 58.43M
End period cash flow 45.99M 96.22M 94.43M 71.26M 22.36M
Total cash from operating activities 100.92M 112.03M 113.19M 94.87M 34.45M
Depreciation 63.52M 51.72M 47.48M 43.98M 39.16M
Other cashflows from investing activities -11.96M 2.14M -5.29M -35.91M 1.93M
Change to inventory 2.98M 3.76M -13.28M -6.49M 5.15M
Change to account receivables -4.62M 15.47M 11.12M -25.91M 20.47M
Sale purchase of stock 0.31M -11.25M 2.08M 4.98M 0.14M
Other cashflows from financing activities - 0.23M 2.08M 39.98M 0.14M
Change to netincome - - -2.30M 9.03M -1.61M
Capital expenditures 72.52M 73.53M 58.69M 49.94M 31.30M
Change in working capital 18.96M 4.65M -6.91M -11.60M -13.14M
Stock based compensation 0.10M 0.28M 0.51M 0.37M 0.30M
Other non cash items -18.97M 2.30M -0.83M -6.36M -5.46M
Free cash flow 28.39M 38.50M 54.50M 44.93M 3.15M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MDI
Major Drilling Group International		 0.17
1.13%		 15.20 96.71 21.88 1.60 2.64 1.64 14.41
TECK-B
Teck Resources Limited		 3.08
3.56%		 89.53 12.14 9.12 1.91 0.97 2.53 6.34
TECK-A
Teck Resources Limited		 3.11
3.60%		 89.47 12.13 9.34 1.91 0.99 2.58 6.47
IVN
Ivanhoe Mines Ltd.		 -0.50
5.63%		 8.38 44.19 31.45 37.10 2.17 30.10 40.94
NGEX
NGEx Minerals Ltd.		 0.98
4.70%		 21.83 - - - 13.49 - -21.12

Profile*

Major Drilling Group International

Major Drilling Group International Inc. provides contract drilling services to mining and mineral exploration companies in the United States, Canada, South and Central America, Australasia, and Africa. The company offers various drilling services, including reverse circulation, surface and underground coring, directional, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, and surface drill and blast services, as well as range of mining services. Major Drilling Group International Inc. was founded in 1980 and is headquartered in Moncton, Canada.

111 St. George Street, Moncton, NB, Canada, E1C 1T7

506 857 8636

https://www.majordrilling.com

Name Title Year Born
Mr. Denis Larocque Pres, CEO & Non-Independent Director 1970
Mr. Ian Ross Chief Financial Officer NA
Mr. Ben Graham VP of HR & Safety NA
Mr. Marc Landry VP Technology & Logistics NA
Mr. Andrew McLaughlin VP of Legal Affairs, Gen. Counsel & Sec. NA
Mr. David D. Balser Sr. Advisor NA
Chantal Melanson Exec. Assistant NA
Mr. Denis Larocque President, CEO & Non-Independent Director 1970
Mr. Ben Graham Vice President of Human Resources & Safety NA
Mr. Marc Landry C.M.A., CPA Chief Technology Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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