Deccan Gold Mines Ltd

Deccan Gold Mines Ltd

₹ 122 1.37%
23 Feb - close price
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. [1]

Key Points

Ganajur Gold Project
The key project of the company is the Ganajur Gold Project situated in the state of Karnataka. [1] The mining lease application of the company was approved by Ministry of Mines in 2015 under the Mines and Minerals Development and Regulation Act of 1975. It is awaiting Grant Notification letter from the Commerce and Industries Department of Government of Karnataka. [2]
The matter is sub-judice wherein the company has filed a writ petition which seeks to quash the Central Government's abeyance on its prior approval for Ganajur ML and also seeks a direction to the Government of Karnataka to issue the Grant Notification Letter followed by execution of ML within a definitive time frame. [3]

  • Market Cap 1,803 Cr.
  • Current Price 122
  • High / Low 159 / 40.2
  • Stock P/E
  • Book Value 18.7
  • Dividend Yield 0.00 %
  • ROCE -2.37 %
  • ROE -2.85 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 6.55 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.38%
  • Promoter holding is low: 25.9%
  • 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.

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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
Raw PDF

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: 35%
3 Years: 97%
1 Year: 191%
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

11 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
26.13% 25.89% 25.89% 25.89% 25.89% 25.89% 25.89% 25.89% 30.54% 30.54% 26.31% 25.93%
4.53% 4.47% 4.37% 4.35% 4.35% 4.35% 4.35% 4.35% 3.12% 3.12% 2.16% 1.88%
69.34% 69.64% 69.74% 69.76% 69.76% 69.76% 69.76% 69.75% 66.33% 66.34% 71.53% 72.17%
No. of Shareholders 21,06220,23920,98221,50321,65421,97421,63521,31620,91120,68723,59529,223

* 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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