Deccan Gold Mines Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 260 Cr.
  • Current Price 27.8
  • High / Low 27.8 / 12.8
  • Stock P/E
  • Book Value 4.79
  • Dividend Yield 0.00 %
  • ROCE -6.95 %
  • ROE -6.95 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 5.81 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 26.13%
  • Company has a low return on equity of -5.94% for last 3 years.
  • Company has high debtors of 182.50 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
0.00 0.10 0.09 -0.05 0.17 0.16 0.13 -0.32 0.00 0.00 0.02 0.02
1.05 0.76 0.72 0.76 0.74 0.83 0.73 0.40 0.58 1.26 0.57 0.77
Operating Profit -1.05 -0.66 -0.63 -0.81 -0.57 -0.67 -0.60 -0.72 -0.58 -1.26 -0.55 -0.75
OPM % -660.00% -700.00% -335.29% -418.75% -461.54% -2,750.00% -3,750.00%
Other Income 0.34 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
Depreciation 0.07 0.07 0.07 0.17 0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.01
Profit before tax -0.78 -0.73 -0.70 -0.98 -0.60 -0.70 -0.63 -0.75 -0.60 -1.28 -0.57 -0.76
Tax % 0.00% 0.00% 0.00% 2.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -0.78 -0.73 -0.69 -0.95 -0.60 -0.70 -0.63 -0.74 -0.60 -1.28 -0.57 -0.76
EPS in Rs -0.08 -0.08 -0.07 -0.10 -0.06 -0.08 -0.07 -0.08 -0.06 -0.14 -0.06 -0.08

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1.20 2.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.14 0.04
2.15 3.43 1.74 1.16 0.92 2.09 7.45 11.06 3.91 3.06 2.69 3.18
Operating Profit -0.95 -0.67 -1.74 -1.16 -0.92 -2.09 -7.45 -11.06 -3.91 -3.06 -2.55 -3.14
OPM % -79.17% -24.28% -1,821.43% -7,850.00%
Other Income 0.41 0.53 0.91 0.16 0.60 0.50 0.94 1.98 1.11 0.41 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.13 0.01 0.00 0.00 0.00 0.00
Depreciation 0.09 0.10 0.10 0.04 0.03 0.04 0.10 0.20 0.21 0.25 0.12 0.08
Profit before tax -0.63 -0.24 -0.93 -1.04 -0.35 -1.63 -6.74 -9.29 -3.01 -2.90 -2.67 -3.22
Tax % 0.00% -116.67% -3.23% 0.00% 0.00% 0.61% -1.04% -1.08% 0.66% 0.69% 0.00% 0.00%
Net Profit -0.63 -0.52 -0.96 -1.04 -0.34 -1.63 -6.81 -9.38 -2.99 -2.88 -2.67 -3.22
EPS in Rs -0.12 -0.04 -0.18 -0.76 -1.03 -0.32 -0.31 -0.29 -0.35
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:-35%
5 Years:%
3 Years:%
TTM:-71%
Compounded Profit Growth
10 Years:%
5 Years:9%
3 Years:-3%
TTM:-21%
Stock Price CAGR
10 Years:6%
5 Years:-7%
3 Years:-15%
1 Year:65%
Return on Equity
10 Years:%
5 Years:-9%
3 Years:-6%
Last Year:-7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5.85 5.85 5.85 5.88 5.89 7.72 8.92 9.07 9.33 9.33 9.33 9.33
Reserves 7.62 0.09 -1.91 -4.24 -6.42 -7.67 28.35 45.55 44.17 41.27 38.58 35.39
Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.22 1.41 0.20 1.21 2.48 4.46 5.91 1.31 0.64 0.62 0.81 0.73
Total Liabilities 13.69 7.35 4.14 2.85 1.95 2.71 43.18 55.93 54.14 51.22 48.72 45.45
0.32 0.22 0.20 0.16 0.14 0.12 0.74 0.58 0.56 0.32 3.99 4.92
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27.77 31.97 34.68 32.98 34.34
Investments 5.63 5.13 2.53 1.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7.74 2.00 1.41 1.03 1.81 2.59 42.44 27.58 21.61 16.22 11.75 6.19
Total Assets 13.69 7.35 4.14 2.85 1.95 2.71 43.18 55.93 54.14 51.22 48.72 45.45

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-0.70 0.07 -0.66 -0.79 0.20 -1.65 -3.51 -5.82 -4.74 -3.25 -2.07 3.44
2.33 -1.61 0.74 0.07 -0.31 -1.23 -5.61 -11.76 -3.28 -9.12 -1.97 -2.32
0.00 0.00 0.12 0.42 0.60 3.35 48.08 0.87 1.53 0.00 0.00 -0.01
Net Cash Flow 1.63 -1.54 0.20 -0.30 0.49 0.46 38.97 -16.71 -6.50 -12.38 -4.03 1.12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % -4.57% -2.47% -18.83% -37.28% -63.06% -35.42% -20.20% -5.57% -5.57% -5.42% -6.95%
Debtor Days 0.00 30.42 52.14 182.50
Inventory Turnover -1.00 -1.60 2.05

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
26.93 26.89 26.89 26.89 26.86 26.86 26.80 26.63 26.55 26.48 26.43 26.13
4.91 4.91 4.91 4.80 4.80 4.72 4.67 4.57 4.57 4.57 4.57 4.53
0.00 0.18 0.18 0.11 0.00 0.23 0.01 0.01 0.00 0.00 0.00 0.00
68.15 68.02 68.02 68.19 68.34 68.19 68.53 68.80 68.88 68.95 69.00 69.34

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