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 ₹ 2,165 Cr.
- Current Price ₹ 138
- High / Low ₹ 175 / 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 7.39 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 5 | |
| 1 | 2 | 7 | 10 | 3 | 3 | 3 | 4 | 3 | 3 | 6 | 41 | |
| Operating Profit | -1 | -2 | -7 | -10 | -3 | -3 | -3 | -4 | -2 | -2 | -6 | -37 |
| OPM % | -960% | -291% | -422% | -323% | -667% | -2,104% | -807% | |||||
| 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 10 |
| Depreciation | 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 |
| 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 | |
| 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 |
| 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: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -367% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 56% |
| 3 Years: | 68% |
| 1 Year: | -16% |
| 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
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Deccan Gold Mines Secures 1,000 Sq Km Of Mineral-Rich Tenements In Mozambique, Expanding Critical Minerals Portfolio
2d - Deccan Gold secures 1,000 sq km copper, gold tenements in Mozambique, expanding critical minerals portfolio.
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Intimation Of Change In The Logo Of The Company.
28 Jul - Deccan Gold Mines adopts new company logo reflecting updated brand identity.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
8 Jul - Altyn Tor project progressing; mining prep and drilling aim to boost resources, targeting 2026 production start.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Certificate confirming dematerialisation compliance for quarter ended June 30, 2025.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
3 Jul - Deccan Gold Mines secures Rs.30 Cr debt for equity acquisition and Kyrgyzstan gold project development.
Annual reports
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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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Financial Year 2010
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Concalls
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Sep 2024TranscriptNotesPPT
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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.