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]
Subsidiary/Associate[1]1.Deccan Exploration Services Private Limited (DESPL)- 13,555 (100%) shares2.Deccan Gold Tanzania Private Limited, Tanzania (DGTPL)- 11700 (99.99%) shares3.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.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Dec.Gold Mines | 112.76 | – | 2220.83 | 0.00 | -2.52 | 83.23 | 8.60 | 866.29 | -10.44 | 14.97 | -217.23 | -46.46 | -2.52 | 7.73 | -12.93 | 0.63 |
| 2. | Nanavati Venture | 100.00 | 194.58 | 46.70 | 0.00 | 0.04 | 33.33 | 16.89 | 383.95 | 1.39 | 22.08 | 0.54 | 0.24 | 0.04 | 2.07 | 0.91 | 0.00 |
| 3. | Utique Enterp. | 4.82 | – | 26.83 | 0.00 | -0.51 | -137.50 | 33.78 | 44.85 | 2.74 | 94.47 | -1.09 | -0.25 | -0.51 | 0.37 | 0.42 | 0.01 |
| 4. | Amanaya Ventures | 20.20 | 39.74 | 7.55 | 0.00 | 0.17 | -37.04 | 14.73 | -24.23 | 7.93 | 34.81 | 0.72 | 0.19 | 0.17 | 1.38 | 5.50 | 0.00 |
| – | Median: 1 Co. | 112.76 | – | 2220.83 | 0.0 | -2.52 | 83.23 | 8.6 | 866.29 | -10.44 | 14.97 | -217.23 | -46.46 | -2.52 | 7.73 | -12.93 | 0.63 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 0.05 | 0.00 | 0.09 | 0.01 | 0.03 | 0.04 | 0.16 | 0.37 | 0.89 | 1.53 | 1.72 | 3.12 | 8.60 |
Expenses | 0.71 | 0.86 | 0.94 | 0.87 | 1.75 | 3.32 | 2.25 | 3.59 | 15.81 | 12.37 | 14.07 | 14.95 | 6.10 |
Operating Profit | -0.66 | -0.86 | -0.85 | -0.86 | -1.72 | -3.28 | -2.09 | -3.22 | -14.92 | -10.84 | -12.35 | -11.83 | 2.50 |
Other Income | 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 |
Profit before tax | -0.66 | -0.86 | -0.85 | -0.86 | -1.72 | -3.28 | -4.10 | -3.33 | -15.03 | -13.13 | -15.22 | -15.59 | -2.51 |
Tax % | 0.00% | 0.00% | 9.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Net Profit | -0.66 | -0.86 | -0.93 | -0.86 | -1.72 | -3.28 | -4.10 | -3.33 | -15.03 | -13.13 | -15.22 | -15.59 | -2.52 |
EPS in Rs | -0.06 | -0.07 | -0.06 | -0.05 | -0.09 | -0.18 | -0.22 | -0.18 | -0.78 | -0.68 | -0.78 | -0.79 | -0.13 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 15 |
Expenses | 1 | 2 | 7 | 10 | 3 | 3 | 3 | 4 | 3 | 3 | 6 | 41 | 47 |
Operating Profit | -1 | -2 | -7 | -10 | -3 | -3 | -3 | -4 | -2 | -2 | -6 | -41 | -33 |
Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 4 | 0 |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 10 | 13 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | -0 | -2 | -7 | -10 | -2 | -2 | -2 | -3 | -3 | -3 | -10 | -47 | -46 |
Net Profit | -0 | -2 | -7 | -10 | -2 | -2 | -2 | -3 | -3 | -3 | -10 | -47 | -46 |
EPS in Rs | -0.03 | -0.14 | -0.62 | -0.85 | -0.21 | -0.21 | -0.20 | -0.26 | -0.23 | -0.18 | -0.54 | -2.38 | -2.38 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 15 | 16 | 16 |
Reserves | -6 | -9 | 37 | 45 | 44 | 41 | 39 | 36 | 33 | 143 | 251 | 277 | 272 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 6 | 52 | 99 | 182 |
Other Liabilities | 2 | 4 | 1 | 1 | 0 | 0 | 1 | 1 | 3 | 8 | 6 | 6 | 3 |
Total Liabilities | 2 | 2 | 46 | 55 | 54 | 51 | 49 | 49 | 49 | 170 | 324 | 398 | 472 |
Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Gross Block | 0.59 | 0.33 | 0.34 | 0.35 | 0.35 | 0.35 | 0.21 | 0.35 | 0.12 | 0.31 | 0.53 | 0.71 | – |
Accumulated Depreciation | 0.53 | 0.27 | 0.30 | 0.32 | 0.33 | 0.34 | 0.20 | 0.34 | 0.12 | 0.30 | 0.35 | 0.47 | – |
CWIP | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 0 | 0 |
Investments | 0 | 0 | 35 | 35 | 44 | 44 | 44 | 44 | 45 | 160 | 294 | 317 | 317 |
Other Assets | 2 | 2 | 11 | 18 | 8 | 5 | 2 | 1 | 1 | 6 | 27 | 81 | 154 |
Total Assets | 2 | 2 | 46 | 55 | 54 | 51 | 49 | 49 | 49 | 170 | 324 | 398 | 472 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 0 | 1 | -7 | -1 | -3 | -3 | -3 | 1 | 0 | -1 | -13 | -12 |
Cash from Investing Activity | -0 | -1 | -35 | 0 | -0 | -0 | -0 | -0 | -0 | -116 | -142 | -62 |
Cash from Financing Activity | 1 | -0 | 51 | 1 | 2 | 0 | 0 | -0 | -0 | 118 | 162 | 78 |
Net Cash Flow | 0 | -0 | 8 | -0 | -2 | -3 | -3 | -0 | -0 | 0 | 7 | 4 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | – | – | – | – | – | – | – | – | 120 | 232 | – | 379 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | 0 |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | – | – | – | – | – | – | – | – | 120 | 232 | – | 379 |
Working Capital Days | – | – | – | – | – | – | – | – | -2,630 | -7,333 | – | 39,213 |
ROCE % | -41% | – | -32% | -19% | -4% | -5% | -5% | -6% | -5% | -2% | -2% | -10% |
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Stock Analysis
Deccan Gold Mines Limited is engaged in gold exploration and mining. The company is actively expanding its portfolio in India and overseas, focusing on gold projects and diversifying into critical minerals like Nickel, Copper, PGE, and Tungsten.
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