Deccan Gold Mines Ltd
Deccan Gold Mines Limited was established in the year 2003 by Australian promoters with deep roots in the mining and exploration sector. Since its inception, DGML and its wholly owned subsidiary Deccan Exploration Services Private Limited (DESPL) have actively pursued gold exploration activities through adoption of modern methods and latest technology in all of its exploration prospects.
Since the change in management in October, 2021 the Company has taken significant efforts to expand its portfolio in India and overseas [1]
- Market Cap ₹ 2,024 Cr.
- Current Price ₹ 128
- High / Low ₹ 170 / 85.3
- Stock P/E
- Book Value ₹ 18.7
- Dividend Yield 0.00 %
- ROCE -10.4 %
- ROE -16.7 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 138 to 44.2 days.
Cons
- Stock is trading at 6.88 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.52%
- Promoter holding is low: 24.2%
- Company has a low return on equity of -10.1% over last 3 years.
- Working capital days have increased from -1,378 days to 4,578 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Non - Ferrous Metals Precious Metals
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 5 | 7 | |
| 1 | 2 | 7 | 10 | 3 | 3 | 3 | 4 | 3 | 3 | 6 | 41 | 57 | |
| Operating Profit | -1 | -2 | -7 | -10 | -3 | -3 | -3 | -4 | -2 | -2 | -6 | -37 | -50 |
| OPM % | -960% | -291% | -422% | -323% | -667% | -2,104% | -807% | -688% | |||||
| 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 10 | 9 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | -2 | -7 | -10 | -2 | -2 | -2 | -3 | -3 | -3 | -10 | -47 | -59 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% | |
| -0 | -2 | -7 | -10 | -2 | -2 | -2 | -3 | -3 | -3 | -10 | -47 | -59 | |
| EPS in Rs | -0.04 | -0.18 | -0.77 | -1.06 | -0.26 | -0.26 | -0.25 | -0.33 | -0.28 | -0.22 | -0.68 | -2.98 | -3.79 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 84% |
| TTM: | 1110% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -374% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 53% |
| 3 Years: | 61% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | -10% |
| 3 Years: | -10% |
| Last Year: | -17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 15 | 16 |
| Reserves | -6 | -9 | 37 | 45 | 44 | 41 | 39 | 36 | 33 | 143 | 251 | 277 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 6 | 52 | 99 | |
| 2 | 4 | 1 | 1 | 0 | 0 | 1 | 1 | 3 | 8 | 6 | 6 | |
| Total Liabilities | 2 | 2 | 46 | 55 | 54 | 51 | 49 | 49 | 49 | 170 | 324 | 398 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 0 |
| Investments | 0 | 0 | 35 | 35 | 44 | 44 | 44 | 44 | 45 | 160 | 294 | 317 |
| 2 | 2 | 11 | 18 | 8 | 5 | 2 | 1 | 1 | 6 | 27 | 81 | |
| Total Assets | 2 | 2 | 46 | 55 | 54 | 51 | 49 | 49 | 49 | 170 | 324 | 398 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 1 | -7 | -1 | -3 | -3 | -3 | 1 | 0 | -1 | -13 | -12 | |
| -0 | -1 | -35 | 0 | -0 | -0 | -0 | -0 | -0 | -116 | -142 | -62 | |
| 1 | -0 | 51 | 1 | 2 | 0 | 0 | -0 | -0 | 118 | 162 | 78 | |
| Net Cash Flow | 0 | -0 | 8 | -0 | -2 | -3 | -3 | -0 | -0 | 0 | 7 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 120 | 232 | 44 | |||||||||
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 120 | 232 | 44 | |||||||||
| Working Capital Days | -2,630 | -7,333 | 4,578 | |||||||||
| ROCE % | -41% | -32% | -19% | -4% | -5% | -5% | -6% | -5% | -2% | -2% | -10% |
Documents
Announcements
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Resignation As Managing Director Of Geomysore Services (India) Private Limited, India ('Associate Company')
1d - Dr. Hanuma Prasad Modali resigns as MD of Geomysore effective Aug 21, 2025; remains Director.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Aug - Newspaper Publication of Un-audided Financial Results for the quarter ended June 30, 2025
-
Un-Audited Standalone And Consolidated Financial Results For The Quarter Ended June 30, 2025
13 Aug - Deccan Gold Mines reports Q1 FY2026 unaudited losses; financials reviewed by auditors, no material issues noted.
-
Board Meeting Outcome for The Board Meeting Held On August 13, 2025.
13 Aug - Deccan Gold Mines reports Q1 FY26 unaudited losses; limited review completed, no exceptional items.
-
Board Meeting Intimation for Considering And Approving Un-Audited Financial Results (Standalone & Consolidated)Of The Company For The Quarter Ended June 30, 2025.
6 Aug - Board meeting on Aug 13 to approve Q1 FY26 financial results; trading window reopens Aug 17.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Sep 2024TranscriptNotesPPT
-
Mar 2023Transcript PPT
Subsidiary/Associate[1]
1. Deccan Exploration Services Private Limited (DESPL) - 13,555 (100%) shares
2. Deccan Gold Tanzania Private Limited, Tanzania (DGTPL) - 11700 (99.99%) shares
3. Geomysore Services (India) Private Limited, India (GMSI)[2] - Acquisition of 41.81% stake (7,20,373 shares @ Rs. 1606.09 per share) on March 2, 2023 under a share swap arrangement. Company issued 3,35,07,789 equity shares & 14,99,276 compulsorily convertible debentures @ Rs. 33.05 per share & per CCD. During September 2023, Company further invested Rs. 13.50 Cr. completing the committed investment if Rs.28.5 Cr.[3]
4. Deccan Gold - FZCO,Dubai [4] - Wholly owned subsidiary incorporated during August 2023 for the purpose of providing Geological consultancy and related services.