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 ₹ 2,002 Cr.
- Current Price ₹ 127
- High / Low ₹ 170 / 85.3
- Stock P/E
- Book Value ₹ 15.4
- Dividend Yield 0.00 %
- ROCE -21.1 %
- ROE -14.5 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 8.28 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 -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 | 6 | |
| 1 | 2 | 7 | 11 | 4 | 3 | 3 | 3 | 3 | 3 | 15 | 66 | 92 | |
| Operating Profit | -1 | -2 | -7 | -11 | -4 | -3 | -3 | -3 | -3 | -2 | -12 | -61 | -86 |
| OPM % | -646% | -1,821% | -7,850% | -6,625% | -712% | -347% | -1,182% | -1,545% | |||||
| 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 | 9 |
| 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 | -108 |
| 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 | -109 | |
| 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 | -6.19 |
| 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: | -17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -236% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 54% |
| 3 Years: | 66% |
| 1 Year: | -14% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 15 | 16 |
| Reserves | -6 | -6 | 33 | 46 | 44 | 41 | 39 | 35 | 33 | 142 | 197 | 225 |
| -0 | 2 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 3 | 100 | 148 | |
| 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 14 | 12 | |
| Total Liabilities | 2 | 3 | 43 | 56 | 54 | 51 | 49 | 45 | 45 | 166 | 325 | 401 |
| 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 148 | 177 | |
| CWIP | -0 | -0 | -0 | 28 | 32 | 35 | 37 | 39 | 40 | 41 | 42 | 5 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 116 | 65 | 124 |
| 2 | 3 | 42 | 28 | 22 | 16 | 12 | 6 | 5 | 10 | 71 | 95 | |
| Total Assets | 2 | 3 | 43 | 56 | 54 | 51 | 49 | 45 | 45 | 166 | 325 | 401 |
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
12 Sep - Newspaper Publication- Special window for re-lodgement of transfer requests of physical shares.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Received Extension For Holding 41St Annual General Meeting Of The Company.
5 Sep - MCA granted three-month extension to hold 41st AGM for FY ended March 31, 2025.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Availing Of Further Loan And Change In Utilisation Of Loan Earlier Availed
30 Aug - Deccan avails Rs.40 Cr loan from Godawari; total loans Rs.120 Cr; funds mainly for Altyn Tor Kyrgyzstan project.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015-Altyn Tor Gold Project, Kyrgyzstan - Update
25 Aug - Progress: gravity circuit production mid-late October; ball mill Sep; TSF Oct; 2,000m drilling; resources 4.65Mt@1.21g/t (180koz).
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Resignation As Managing Director Of Geomysore Services (India) Private Limited, India ('Associate Company')
22 Aug - Dr. Hanuma Prasad Modali resigns as MD of Geomysore effective Aug 21, 2025; remains Director.
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.