Deccan Gold Mines Ltd

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Deccan Gold Mines Ltd

₹ 123 1.28%
15 May - close price
deccangoldmines.com BSE: 512068 NSE: DECNGOLD
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 NSE
  • Market Cap ₹ 2,427 Cr.
  • Current Price ₹ 123
  • High / Low ₹ 162 / 83.8
  • Stock P/E
  • Book Value ₹ 30.7
  • Dividend Yield 0.00 %
  • ROCE 0.33 %
  • ROE -2.95 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 216 to 52.4 days.
  • Company's working capital requirements have reduced from 19,637 days to 61.0 days

Cons

  • Stock is trading at 3.99 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 20.6%
  • Company has a low return on equity of -7.44% over last 3 years.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -9.92%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
0.09 0.01 0.03 0.04 0.16 0.37 0.89 1.53 1.72 3.12 8.60 8.71 16.80
0.94 0.87 1.75 3.32 2.25 3.59 15.81 14.56 14.07 14.95 6.10 4.19 7.40
Operating Profit -0.85 -0.86 -1.72 -3.28 -2.09 -3.22 -14.92 -13.03 -12.35 -11.83 2.50 4.52 9.40
OPM % -944.44% -8,600.00% -5,733.33% -8,200.00% -1,306.25% -870.27% -1,676.40% -851.63% -718.02% -379.17% 29.07% 51.89% 55.95%
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 1.61 0.00 0.00 0.00 2.75 3.64 4.89 6.25 0.16
Depreciation 0.00 0.00 0.00 0.00 0.40 0.11 0.11 0.12 0.12 0.12 0.12 0.13 2.54
Profit before tax -0.85 -0.86 -1.72 -3.28 -4.10 -3.33 -15.03 -13.15 -15.22 -15.59 -2.51 -1.86 6.70
Tax % 9.41% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.93 -0.86 -1.72 -3.28 -4.10 -3.33 -15.03 -13.15 -15.22 -15.59 -2.52 -1.86 6.69
EPS in Rs -0.06 -0.05 -0.09 -0.18 -0.22 -0.18 -0.78 -0.68 -0.78 -0.79 -0.13 -0.09 0.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 0 0 0 0 0 0 1 0 0 1 37
2 7 10 3 3 3 4 3 3 6 41 33
Operating Profit -2 -7 -10 -3 -3 -3 -4 -2 -2 -6 -41 5
OPM % -960% -291% -422% -323% -667% -2,104% -7,670% 12%
0 0 0 0 0 1 1 0 0 0 4 0
Interest 0 0 0 0 0 0 0 0 1 4 10 15
Depreciation 0 0 0 0 0 0 0 0 0 0 0 3
Profit before tax -2 -7 -10 -2 -2 -2 -3 -3 -3 -10 -47 -13
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 3% 0% 0% 0%
-2 -7 -10 -2 -2 -2 -3 -3 -3 -10 -47 -13
EPS in Rs -0.14 -0.62 -0.85 -0.21 -0.21 -0.20 -0.26 -0.23 -0.18 -0.54 -2.38 -0.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 383%
TTM: 6923%
Compounded Profit Growth
10 Years: -23%
5 Years: %
3 Years: %
TTM: 72%
Stock Price CAGR
10 Years: 12%
5 Years: 36%
3 Years: 43%
1 Year: 5%
Return on Equity
10 Years: -7%
5 Years: -7%
3 Years: -7%
Last Year: -3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 6 9 9 9 9 9 9 9 13 15 16 20
Reserves -9 37 45 44 41 39 36 33 143 251 277 588
0 0 0 0 0 0 3 3 6 52 99 8
4 1 1 0 0 1 1 3 8 6 6 2
Total Liabilities 2 46 55 54 51 49 49 49 170 324 398 618
0 0 0 0 0 0 0 0 0 0 0 1
CWIP 0 0 1 2 2 3 3 3 3 3 0 0
Investments 0 35 35 44 44 44 44 45 160 294 317 373
2 11 18 8 5 2 1 1 6 27 81 245
Total Assets 2 46 55 54 51 49 49 49 170 324 398 618

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1 -7 -1 -3 -3 -3 1 0 -1 -13 -12 -33
-1 -35 0 -0 -0 -0 -0 -0 -116 -142 -62 -177
-0 51 1 2 0 0 -0 -0 118 162 78 209
Net Cash Flow -0 8 -0 -2 -3 -3 -0 -0 0 7 4 -1
Free Cash Flow 1 -7 -2 -4 -3 -3 0 0 -1 -13 -12 -33
CFO/OP -49% 103% 15% 121% 99% 82% -22% -13% 68% 233% 30% -711%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 120 232 379 52
Inventory Days 0
Days Payable
Cash Conversion Cycle 120 232 379 52
Working Capital Days -2,630 -7,333 39,213 61
ROCE % -32% -19% -4% -5% -5% -6% -5% -2% -2% -10% 0%

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)
%
Active Prospecting Licenses (PL) - Tanzania
Number
Mineral Resources - Altyn Tor Project (Kyrgyzstan)
tonnes / koz
Mineral Resources - Jonnagiri Gold Project (India)
tonnes
Processing Plant Capacity - Altyn Tor
Tonnes Per Day (TPD)
Processing Plant Capacity - Jonnagiri (GMSI)
Tonnes Per Annum (ktpa)

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
30.54% 26.31% 25.93% 25.64% 25.52% 25.19% 24.96% 24.68% 24.16% 24.16% 20.84% 20.62%
3.12% 2.16% 1.88% 1.88% 1.99% 1.87% 1.86% 1.84% 1.83% 1.88% 1.87% 1.84%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.11% 0.14% 0.16% 0.25% 0.23%
66.34% 71.53% 72.17% 72.46% 72.49% 72.93% 73.15% 73.39% 73.88% 73.80% 77.05% 77.31%
No. of Shareholders 20,68723,59529,22330,36732,81437,72739,57139,63040,27443,03048,31252,123

* 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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