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 ₹ 2,357 Cr.
- Current Price ₹ 119
- High / Low ₹ 162 / 83.8
- Stock P/E
- Book Value ₹ 10.3
- Dividend Yield 0.00 %
- ROCE -21.1 %
- ROE -14.2 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 11.5 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 20.6%
- Company has a low return on equity of -19.4% over last 3 years.
- Promoter holding has decreased over last 3 years: -9.92%
- Working capital days have increased from -1,682 days to 999 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 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 | 4 | 5 | |
| 1 | 2 | 7 | 11 | 4 | 3 | 3 | 3 | 3 | 3 | 15 | 66 | 70 | |
| Operating Profit | -1 | -2 | -7 | -11 | -4 | -3 | -3 | -3 | -3 | -2 | -12 | -63 | -65 |
| OPM % | -646% | -1,821% | -7,850% | -6,625% | -712% | -347% | -1,638% | -1,216% | |||||
| 1 | 0 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 10 | 17 |
| 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 | -95 |
| 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 | -58 | |
| EPS in Rs | -0.03 | -0.15 | -0.61 | -0.83 | -0.26 | -0.25 | -0.23 | -0.28 | -0.23 | -0.18 | -3.47 | -1.67 | -2.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 357% |
| TTM: | -52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 41% |
| 3 Years: | 41% |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | -16% |
| 5 Years: | -17% |
| 3 Years: | -19% |
| Last Year: | -14% |
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 | 235 | 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 | 2 | 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 | 137 | 176 | |
| CWIP | 0 | 0 | 0 | 28 | 32 | 35 | 37 | 39 | 40 | 41 | 42 | 46 | 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 |
| Free Cash Flow | 0 | -2 | -4 | -20 | -9 | -6 | -4 | 1 | -2 | -2 | -59 | -61 |
| CFO/OP | -24% | 82% | 46% | 53% | 120% | 107% | 76% | -105% | 11% | 79% | 480% | 81% |
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 | 24 | ||||||||
| Inventory Days | 5,997 | 16,704 | ||||||||||
| Days Payable | 674 | 1,512 | ||||||||||
| Cash Conversion Cycle | 182 | 22 | 5,324 | 15,216 | ||||||||
| Working Capital Days | 10,311 | -398 | -5,648 | 999 | ||||||||
| ROCE % | -23% | -190% | -31% | -19% | -6% | -6% | -5% | -7% | -6% | -2% | -9% | -21% |
Insights
In beta| Mar 2016 | Mar 2019 | Mar 2021 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Mineral Resources - Gold (Group Consolidated/Attributable) tonnes / koz |
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| Ownership Stake in GMSI (Jonnagiri) % |
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| Active Prospecting Licenses (PL) - Tanzania Number |
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| Mineral Resources - Altyn Tor Project (Kyrgyzstan) tonnes / koz ・Standalone data |
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| Mineral Resources - Jonnagiri Gold Project (India) tonnes ・Standalone data |
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| Processing Plant Capacity - Altyn Tor Tonnes Per Day (TPD) ・Standalone data |
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| Processing Plant Capacity - Jonnagiri (GMSI) Tonnes Per Annum (ktpa) ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Outcome for Outcome Of The Meeting Of The Board Held On April 24, 2026
1d - Board approved EGM on May 21, 2026 for material related-party transaction approval.
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Clarification On News Item Appearing In 'The Economic Times' Dated April 20, 2026.
21 Apr - Deccan Gold clarifies ET report on Jonnagiri project and says no undisclosed material information exists.
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Clarification sought from Deccan Gold Mines Ltd
20 Apr - Exchange has sought clarification from Deccan Gold Mines Ltd on April 20, 2026, with reference to news appeared in https://economictimes.indiatimes.com/ dated April 20, 2026 quoting …
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Equity Shares Of Deccan Gold Mines Limited Included Under The 'Permitted To Trade' Category On National Stock Exchange Of India Limited (NSE)
20 Apr - Deccan Gold Mines shares admitted for trading on NSE from April 20, 2026; symbol DECNGOLD.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Regulation 74(5) certificate issued for quarter ended March 31, 2026.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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.