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 ₹ 2,736 Cr.
- Current Price ₹ 139
- High / Low ₹ 162 / 81.2
- Stock P/E
- Book Value ₹ 14.6
- Dividend Yield 0.00 %
- ROCE -10.4 %
- ROE -16.7 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 9.52 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -3.32%
- Promoter holding is low: 20.8%
- Company has a low return on equity of -10.1% over last 3 years.
- Company has high debtors of 379 days.
- Working capital days have increased from 15,940 days to 39,213 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 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 | 1 | 15 | |
| 1 | 2 | 7 | 10 | 3 | 3 | 3 | 4 | 3 | 3 | 6 | 41 | 47 | |
| Operating Profit | -1 | -2 | -7 | -10 | -3 | -3 | -3 | -4 | -2 | -2 | -6 | -41 | -33 |
| OPM % | -960% | -291% | -422% | -323% | -667% | -2,104% | -7,670% | -217% | |||||
| 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 4 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 10 | 13 |
| 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 | -46 |
| 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 | -46 | |
| EPS in Rs | -0.03 | -0.14 | -0.62 | -0.85 | -0.21 | -0.21 | -0.20 | -0.26 | -0.23 | -0.18 | -0.54 | -2.38 | -2.38 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| TTM: | 925% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -81% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 56% |
| 3 Years: | 55% |
| 1 Year: | 39% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 15 | 16 | 16 |
| Reserves | -6 | -9 | 37 | 45 | 44 | 41 | 39 | 36 | 33 | 143 | 251 | 277 | 272 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 6 | 52 | 99 | 182 | |
| 2 | 4 | 1 | 1 | 0 | 0 | 1 | 1 | 3 | 8 | 6 | 6 | 3 | |
| Total Liabilities | 2 | 2 | 46 | 55 | 54 | 51 | 49 | 49 | 49 | 170 | 324 | 398 | 472 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| CWIP | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 0 | 0 |
| Investments | 0 | 0 | 35 | 35 | 44 | 44 | 44 | 44 | 45 | 160 | 294 | 317 | 317 |
| 2 | 2 | 11 | 18 | 8 | 5 | 2 | 1 | 1 | 6 | 27 | 81 | 154 | |
| Total Assets | 2 | 2 | 46 | 55 | 54 | 51 | 49 | 49 | 49 | 170 | 324 | 398 | 472 |
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 | 379 | |||||||||
| Inventory Days | 0 | |||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 120 | 232 | 379 | |||||||||
| Working Capital Days | -2,630 | -7,333 | 39,213 | |||||||||
| ROCE % | -41% | -32% | -19% | -4% | -5% | -5% | -6% | -5% | -2% | -2% | -10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Jan - Of Newspaper Publication with repect to Notice of 01/2025-26 Extra Ordinary General Meeting and e-Voting instructions.
- Notice Of The Extra-Ordinary General Meeting Of The Company To Be Held On February 20, 2026 At 11:30 A.M Through Video Conferencing / Other Audio Visual Means To Transact The Special Business For Seeking Approval Of The Shareholders As Per The Notice Of EGM. 29 Jan
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Jan - Notice to Shareholdrs for updating details with the Company for the purpose of Extra-ordinary General Meeting of the Company to be held on Friday, February …
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Board Meeting Outcome for The Meeting Held On January 24, 2026
24 Jan - Approve Rs.52.68 crore for 2-for-1 rights issue (Rs.250/share) to maintain 26% holding; EGM Feb 20, 2026.
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Board Meeting Intimation for 1. Proposal To Participate In The Rights Issue Of GMSI
2.Proposal For Change In The Objects Of The Company'S Rights Issue, Including Utilisation Of A Portion Of The Rights Issue Proceeds For Investment Purposes, Subject To Applicable Approvals.
21 Jan - Acquired 14,127 GMSI shares for ₹2.26 crore, holding 26%; GMSI rights issue ~₹200 crore; Board to consider participation.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Sep 2024TranscriptAI SummaryPPT
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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.