Deccan Gold Mines Ltd

₹ 124 -2.10%

25 Apr - 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 ₹ 1,824 Cr.
Current Price ₹ 124
High / Low ₹ 159 / 42.1
Stock P/E
Book Value ₹ 18.7
Dividend Yield 0.00 %
ROCE -2.37 %
ROE -2.85 %
Face Value ₹ 1.00

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Pros

Cons

Stock is trading at 6.62 times its book value
Company has low interest coverage ratio.
Promoter holding is low: 25.6%
Company has a low return on equity of -4.63% over last 3 years.
Company has high debtors of 4,778 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

Sector: Mining & Mineral products Industry: Mining / Minerals / Metals

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	0.02	0.02	0.01	0.00	0.01	0.04	0.20	0.05	0.00	0.09	0.01	0.06	0.31
	0.57	0.77	0.77	0.63	0.54	0.52	0.55	0.69	0.84	0.95	0.84	2.26	6.79
Operating Profit	-0.55	-0.75	-0.76	-0.63	-0.53	-0.48	-0.35	-0.64	-0.84	-0.86	-0.83	-2.20	-6.48
OPM %	-2,750.00%	-3,750.00%	-7,600.00%		-5,300.00%	-1,200.00%	-175.00%	-1,280.00%		-955.56%	-8,300.00%	-3,666.67%	-2,090.32%
	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.02	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.02	0.00	2.21	2.98
Profit before tax	-0.57	-0.76	-0.77	-0.64	-0.54	-0.49	-0.35	-0.64	-0.84	-0.88	-0.83	-4.41	-9.46
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-11.36%	0.00%	0.00%	0.00%
	-0.57	-0.76	-0.77	-0.64	-0.53	-0.49	-0.35	-0.64	-0.84	-0.98	-0.83	-4.41	-9.46
EPS in Rs	-0.06	-0.08	-0.08	-0.07	-0.06	-0.05	-0.04	-0.07	-0.09	-0.08	-0.07	-0.30	-0.64
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	0	0	0	0	0	0	0	0	0	0	0	0	0
	2	1	1	2	7	11	4	3	3	3	3	3	11
Operating Profit	-2	-1	-1	-2	-7	-11	-4	-3	-3	-3	-3	-2	-10
OPM %								-646%	-1,821%	-7,850%	-6,625%	-721%	-2,206%
	1	0	1	0	1	2	1	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	5
Profit before tax	-1	-1	-0	-2	-7	-9	-3	-3	-3	-3	-3	-3	-16
Tax %	-3%	0%	0%	1%	-1%	-1%	1%	1%	0%	0%	0%	-4%
	-1	-1	-0	-2	-7	-9	-3	-3	-3	-3	-3	-3	-16
EPS in Rs		-0.12	-0.04	-0.18	-0.76	-1.03	-0.32	-0.31	-0.29	-0.34	-0.29	-0.22	-1.09
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	62%

Compounded Profit Growth
10 Years:	%
5 Years:	1%
3 Years:	-2%
TTM:	-576%

Stock Price CAGR
10 Years:	24%
5 Years:	34%
3 Years:	74%
1 Year:	181%

Return on Equity
10 Years:	%
5 Years:	-5%
3 Years:	-5%
Last Year:	-3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	6	6	6	6	9	9	9	9	9	9	9	13	15
Reserves	-2	-3	-6	-6	33	46	44	41	39	35	33	142	261
Preference Capital	0	0	0	2	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0	0	0	0	3	94
	0	0	2	3	1	1	1	1	1	1	3	7	7
Total Liabilities	4	3	2	3	43	56	54	51	49	45	45	166	376
	0	0	0	0	1	1	1	0	0	0	0	0	151
CWIP	0	0	0	0	0	28	32	35	37	39	40	41	35
Investments	3	2	0	0	0	0	0	0	0	0	0	116	89
	1	1	2	3	42	28	22	16	12	6	5	10	101
Total Assets	4	3	2	3	43	56	54	51	49	45	45	166	376

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-1	-1	0	-2	-4	-6	-5	-3	-2	3	-0	-2
	1	0	-0	-1	-6	-12	-3	-9	-2	-2	-1	116
	0	0	1	3	48	1	2	0	0	-0	-0	-113
Net Cash Flow	0	-0	0	0	39	-17	-6	-12	-4	1	-1	1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days											182	4,778
Inventory Days	0
Days Payable
Cash Conversion Cycle											182	4,778
Working Capital Days											13,961	1,073
ROCE %	-18%	-31%	-23%	-190%	-31%	-19%	-6%	-6%	-5%	-7%	-6%	-2%

Shareholding Pattern

Numbers in percentages

5 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	25.89%	25.89%	25.89%	25.89%	25.89%	25.89%	25.89%	30.54%	30.54%	26.31%	25.93%	25.64%
	4.47%	4.37%	4.35%	4.35%	4.35%	4.35%	4.35%	3.12%	3.12%	2.16%	1.88%	1.88%
	69.64%	69.74%	69.76%	69.76%	69.76%	69.76%	69.75%	66.33%	66.34%	71.53%	72.17%	72.46%
No. of Shareholders	20,239	20,982	21,503	21,654	21,974	21,635	21,316	20,911	20,687	23,595	29,223	30,367

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	28.09%	27.04%	26.89%	26.63%	26.13%	25.89%	30.54%	25.64%
	5.89%	4.91%	4.80%	4.57%	4.53%	4.35%	3.12%	1.88%
	0.00%	0.00%	0.11%	0.01%	0.00%	0.00%	0.00%	0.00%
	66.02%	68.05%	68.19%	68.80%	69.34%	69.76%	66.33%	72.46%
No. of Shareholders	22,880	21,680	20,688	19,905	21,062	21,654	20,911	30,367

* 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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Mar 2023
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