Deccan Gold Mines Ltd

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Deccan Gold Mines Ltd

₹ 114 -3.44%
05 Dec - close price
deccangoldmines.com BSE: 512068
About

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]

Key Points

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.

Website BSE
  • Market Cap ₹ 1,794 Cr.
  • Current Price ₹ 114
  • High / Low ₹ 170 / 85.3
  • Stock P/E
  • Book Value ₹ 18.2
  • Dividend Yield 0.00 %
  • ROCE -10.4 %
  • ROE -16.7 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 6.24 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 24.2%
  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
0.05 0.00 0.09 0.01 0.03 0.04 0.16 0.37 0.89 1.53 1.72 3.12 8.60
0.71 0.86 0.94 0.87 1.75 3.32 2.25 3.59 15.81 12.37 14.07 14.95 6.10
Operating Profit -0.66 -0.86 -0.85 -0.86 -1.72 -3.28 -2.09 -3.22 -14.92 -10.84 -12.35 -11.83 2.50
OPM % -1,320.00% -944.44% -8,600.00% -5,733.33% -8,200.00% -1,306.25% -870.27% -1,676.40% -708.50% -718.02% -379.17% 29.07%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 1.61 0.00 0.00 2.17 2.75 3.64 4.89
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.40 0.11 0.11 0.12 0.12 0.12 0.12
Profit before tax -0.66 -0.86 -0.85 -0.86 -1.72 -3.28 -4.10 -3.33 -15.03 -13.13 -15.22 -15.59 -2.51
Tax % 0.00% 0.00% 9.41% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.66 -0.86 -0.93 -0.86 -1.72 -3.28 -4.10 -3.33 -15.03 -13.13 -15.22 -15.59 -2.52
EPS in Rs -0.07 -0.09 -0.07 -0.07 -0.12 -0.22 -0.28 -0.23 -0.98 -0.85 -0.97 -0.99 -0.16
Raw PDF

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 -0.04 -0.18 -0.77 -1.06 -0.26 -0.26 -0.25 -0.33 -0.28 -0.22 -0.68 -2.98 -2.97
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: 15%
5 Years: 48%
3 Years: 34%
1 Year: -5%
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%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
25.89% 30.54% 30.54% 26.31% 25.93% 25.64% 25.52% 25.19% 24.96% 24.68% 24.16% 24.16%
4.35% 3.12% 3.12% 2.16% 1.88% 1.88% 1.99% 1.87% 1.86% 1.84% 1.83% 1.88%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.11% 0.14% 0.16%
69.75% 66.33% 66.34% 71.53% 72.17% 72.46% 72.49% 72.93% 73.15% 73.39% 73.88% 73.80%
No. of Shareholders 21,31620,91120,68723,59529,22330,36732,81437,72739,57139,63040,27443,030

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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