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 ₹ 2,021 Cr.
- Current Price ₹ 128
- High / Low ₹ 170 / 85.3
- Stock P/E
- Book Value ₹ 12.9
- Dividend Yield 0.00 %
- ROCE -21.1 %
- ROE -14.5 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 9.93 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 24.2%
- Company has a low return on equity of -19.6% over last 3 years.
- Working capital days have increased from -1,770 days to 736 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 0 | 0 | 3 | 5 | 5 | |
| 1 | 2 | 7 | 11 | 4 | 3 | 3 | 3 | 3 | 3 | 15 | 66 | 81 | |
| Operating Profit | -1 | -2 | -7 | -11 | -4 | -3 | -3 | -3 | -3 | -2 | -12 | -61 | -76 |
| OPM % | -646% | -1,821% | -7,850% | -6,625% | -712% | -347% | -1,182% | -1,527% | |||||
| 1 | 0 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 10 | 12 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 13 | 13 |
| Profit before tax | -0 | -2 | -7 | -9 | -3 | -3 | -3 | -3 | -3 | -3 | -25 | -84 | -101 |
| Tax % | 0% | -1% | 1% | 1% | -1% | -1% | 0% | 0% | 0% | 4% | 0% | 0% | |
| -0 | -2 | -7 | -9 | -3 | -3 | -3 | -3 | -3 | -3 | -64 | -43 | -61 | |
| EPS in Rs | -0.04 | -0.18 | -0.76 | -1.03 | -0.32 | -0.31 | -0.29 | -0.34 | -0.29 | -0.22 | -4.33 | -2.09 | -3.06 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 406% |
| TTM: | -52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 55% |
| 3 Years: | 58% |
| 1 Year: | 5% |
| Return on Equity | |
|---|---|
| 10 Years: | -16% |
| 5 Years: | -18% |
| 3 Years: | -20% |
| Last Year: | -15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -6 | 33 | 46 | 44 | 41 | 39 | 35 | 33 | 142 | 197 | 225 | 188 |
| 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 100 | 148 | 228 | |
| 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 14 | 12 | 12 | |
| Total Liabilities | 2 | 3 | 43 | 56 | 54 | 51 | 49 | 45 | 45 | 166 | 325 | 401 | 444 |
| 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 148 | 177 | 176 | |
| CWIP | 0 | 0 | 0 | 28 | 32 | 35 | 37 | 39 | 40 | 41 | 42 | 5 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 116 | 65 | 124 | 125 |
| 2 | 3 | 42 | 28 | 22 | 16 | 12 | 6 | 5 | 10 | 71 | 95 | 131 | |
| Total Assets | 2 | 3 | 43 | 56 | 54 | 51 | 49 | 45 | 45 | 166 | 325 | 401 | 444 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -2 | -4 | -6 | -5 | -3 | -2 | 3 | -0 | -2 | -57 | -51 | |
| -0 | -1 | -6 | -12 | -3 | -9 | -2 | -2 | -1 | -116 | -147 | -11 | |
| 1 | 3 | 48 | 1 | 2 | 0 | 0 | -0 | -0 | 118 | 212 | 71 | |
| Net Cash Flow | 0 | 0 | 39 | -17 | -6 | -12 | -4 | 1 | -1 | 0 | 7 | 9 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 182 | 22 | 0 | 18 | ||||||||
| Inventory Days | 5,997 | 16,704 | ||||||||||
| Days Payable | 674 | 1,512 | ||||||||||
| Cash Conversion Cycle | 182 | 22 | 5,324 | 15,210 | ||||||||
| Working Capital Days | 10,311 | -398 | -5,648 | 736 | ||||||||
| ROCE % | -23% | -190% | -31% | -19% | -6% | -6% | -5% | -7% | -6% | -2% | -9% | -21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication of Un-audited Financial Results for the quarter and half year ended Septmber 30, 2025
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Intimation Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 -Investors Presentation
2d - Investor presentation for Anand Rathi Annual Flagship G-200 Summit (13 Nov 2025) uploaded to company website.
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
12 Nov - Financial calendar and IR call schedule Sep 30, 2025–Sep 30, 2026; board meeting and IR call dates listed.
- Closure Of The Company''s Register Of Members And Register Of Share Transfer For The Purpose Of The Ensuing 41St AGM Of The Company. 12 Nov
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The 41St AGM Of The Company For The Financial Year Ended March 31, 2025 Is To Be Held On Tuesday, December 23, 2025.
12 Nov - 41st AGM on Dec 23, 2025; e-voting Dec 18-22; book closure Dec 17-23.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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.