Deccan Gold Mines Ltd

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Deccan Gold Mines Ltd

₹ 189 -3.64%
05 Oct - 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 ₹ 3,747 Cr.
  • Current Price ₹ 189
  • High / Low ₹ 251 / 83.8
  • Stock P/E
  • Book Value ₹ 25.1
  • Dividend Yield 0.00 %
  • ROCE -15.9 %
  • ROE -17.2 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 7.52 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 20.5%
  • Company has a low return on equity of -20.5% over last 3 years.
  • Debtor days have increased from 81.2 to 138 days.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -5.78%
  • Working capital days have increased from 2,151 days to 11,101 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
0.61 0.06 0.31 3.23 3.08 3.65 1.07 0.47 0.38 3.06 1.41 9.33 0.60
0.90 2.26 6.79 7.68 6.79 24.56 23.57 21.65 24.52 12.33 11.50 10.63 12.23
Operating Profit -0.29 -2.20 -6.48 -4.45 -3.71 -20.91 -22.50 -21.18 -24.14 -9.27 -10.09 -1.30 -11.63
OPM % -47.54% -3,666.67% -2,090.32% -137.77% -120.45% -572.88% -2,102.80% -4,506.38% -6,352.63% -302.94% -715.60% -13.93% -1,938.33%
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 2.32 0.00 0.00 0.00 2.70 3.65 4.88 6.24 0.15 0.61
Depreciation 0.00 2.21 2.98 3.68 3.12 3.20 3.20 3.18 3.19 3.25 3.24 6.78 3.13
Profit before tax -0.29 -4.41 -9.46 -10.45 -6.83 -24.11 -25.70 -27.06 -30.98 -17.40 -19.57 -8.23 -15.37
Tax % 0.00% 0.00% 0.00% 0.29% 0.00% 0.00% 0.00% 0.00% -0.39% 0.00% -0.31% 0.97% 0.00%
-0.29 -4.41 5.15 -68.07 38.20 -68.21 -24.55 11.82 -28.12 -19.88 -22.19 5.73 -8.73
EPS in Rs -0.02 -0.24 0.28 -3.66 2.07 -3.35 -1.09 0.74 -1.25 -0.84 -0.96 0.39 -0.33
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
0 0 0 0 0 0 0 0 0 3 4 1 14
2 7 11 4 3 3 3 3 3 15 66 59 47
Operating Profit -2 -7 -11 -4 -3 -3 -3 -3 -2 -12 -63 -58 -32
OPM % -646% -1,821% -7,850% -6,625% -712% -347% -1,638% -6,683% -224%
0 1 2 1 0 0 0 0 0 0 1 13 0
Interest 0 0 0 0 0 0 0 0 0 5 10 15 12
Depreciation 0 0 0 0 0 0 0 0 0 9 13 16 16
Profit before tax -2 -7 -9 -3 -3 -3 -3 -3 -3 -25 -84 -76 -61
Tax % -1% 1% 1% -1% -1% 0% 0% 0% 4% 0% 0% -0%
-2 -7 -9 -3 -3 -3 -3 -3 -3 -64 -43 -64 -45
EPS in Rs -0.15 -0.61 -0.83 -0.26 -0.25 -0.23 -0.28 -0.23 -0.18 -3.47 -1.67 -2.66 -1.74
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 38%
TTM: 159%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 64%
Stock Price CAGR
10 Years: 14%
5 Years: 54%
3 Years: 30%
1 Year: 38%
Return on Equity
10 Years: -16%
5 Years: -18%
3 Years: -21%
Last Year: -17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 -6 33 46 44 41 39 35 33 142 197 225 476
2 0 0 0 0 0 0 0 3 100 148 51
1 1 1 1 1 1 1 3 7 14 12 16
Total Liabilities 3 43 56 54 51 49 45 45 166 325 401 563
0 1 1 1 0 0 0 0 0 148 137 144
CWIP 0 0 28 32 35 37 39 40 41 42 46 121
Investments 0 0 0 0 0 0 0 0 116 65 124 192
3 42 28 22 16 12 6 5 10 71 95 107
Total Assets 3 43 56 54 51 49 45 45 166 325 401 563

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-2 -4 -6 -5 -3 -2 3 -0 -2 -57 -51 -52
-1 -6 -12 -3 -9 -2 -2 -1 -116 -147 -11 -104
3 48 1 2 0 0 -0 -0 118 212 71 150
Net Cash Flow 0 39 -17 -6 -12 -4 1 -1 0 7 9 -6
Free Cash Flow -2 -4 -20 -9 -6 -4 1 -2 -2 -59 -61 -154
CFO/OP 82% 46% 53% 120% 107% 76% -105% 11% 79% 480% 81% 90%

Ratios

Consolidated / View Standalone

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 182 22 0 24 138
Inventory Days 5,997 16,704 13,718
Days Payable 674 1,512 2,434
Cash Conversion Cycle 182 22 5,324 15,216 11,422
Working Capital Days 10,311 -398 -5,648 999 11,101
ROCE % -190% -31% -19% -6% -6% -5% -7% -6% -2% -9% -21% -16%

Insights

In beta
Sep 2015 Mar 2017 Mar 2021 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Gold Mineral Resources
kg Au

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Number of Projects in Portfolio
projects
Ore Processing Capacity
tonnes per day ・Standalone data
Stake in Geomysore (Jonnagiri Gold Project)
% ・Standalone data
Stake in Avelum Partners (Altyn Tor Gold Project)
%
Active Drill Rigs
rigs ・Standalone data
Drilling Completed
meters ・Standalone data
Gold Production
kg

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

21 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
26.31% 25.93% 25.64% 25.52% 25.19% 24.96% 24.68% 24.16% 24.16% 20.84% 20.62% 20.53%
2.16% 1.88% 1.88% 1.99% 1.87% 1.86% 1.84% 1.83% 1.88% 1.87% 1.84% 2.14%
0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.11% 0.14% 0.16% 0.25% 0.23% 0.53%
71.53% 72.17% 72.46% 72.49% 72.93% 73.15% 73.39% 73.88% 73.80% 77.05% 77.31% 76.80%
No. of Shareholders 23,59529,22330,36732,81437,72739,57139,63040,27443,03048,31252,12361,047

* 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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