Deccan Gold Mines
Deccan Gold Mines
Metals & MiningKey Fundamentals
MicrocapPrecious MetalsMetals & MiningTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
7- Stock is trading at 9.17 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 20.5%
- Company has a low return on equity of -18.9% over last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -10.0%
- Working capital days have increased from -1,323 days to 680 days
Growth Rate
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.61 | 0.06 | 0.31 | 3.23 | 3.08 | 3.65 | 1.07 | 0.47 | 0.38 | 3.06 | 1.41 | 9.33 | 0.6 |
| Expenses | 0.9 | 2.26 | 6.79 | 7.68 | 6.79 | 24.56 | 23.57 | 21.65 | 24.52 | 12.33 | 11.5 | 10.63 | 12.23 |
| Operating Profit | -0.29 | -2.2 | -6.48 | -4.45 | -3.71 | -20.91 | -22.5 | -21.18 | -24.14 | -9.27 | -10.09 | -1.3 | -11.63 |
| OPM % | -47.54% | -3666.67% | -2090.32% | -137.77% | -120.45% | -572.88% | -2102.8% | -4506.38% | -6352.63% | -302.94% | -715.6% | -13.93% | -1938.33% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 2.32 | 0 | 0 | 0 | 2.7 | 3.65 | 4.88 | 6.24 | 0.15 | 0.61 |
| Depreciation | 0 | 2.21 | 2.98 | 3.68 | 3.12 | 3.2 | 3.2 | 3.18 | 3.19 | 3.25 | 3.24 | 6.78 | 3.13 |
| PBT | -0.29 | -4.41 | -9.46 | -10.45 | -6.83 | -24.11 | -25.7 | -27.06 | -30.98 | -17.4 | -19.57 | -8.23 | -15.37 |
| Tax % | 0% | 0% | 0% | 0.29% | 0% | 0% | 0% | 0% | -0.39% | 0% | -0.31% | 0.97% | 0% |
| Net Profit | -0.29 | -4.41 | 5.15 | -68.07 | 38.2 | -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 |
Profit & Loss
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 4 | 14 | 14 |
| Expenses | 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 | -45 | -32 |
| OPM % | — | — | — | — | -646% | -1821% | -7850% | -6625% | -712% | -347% | -1638% | -316% | -224% |
| Other Income | 0 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 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 |
| PBT | -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% | — |
| Net Profit | -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 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 | 235 | 476 |
| Borrowings | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 100 | 148 | 51 |
| Other Liabilities | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 14 | 2 | 16 |
| Total Liabilities | 3 | 43 | 56 | 54 | 51 | 49 | 45 | 45 | 166 | 325 | 401 | 563 |
| Fixed Assets | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 148 | 137 | 192 |
| CWIP | 0 | 0 | 28 | 32 | 35 | 37 | 39 | 40 | 41 | 42 | 46 | 73 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 116 | 65 | 124 | 192 |
| Other Assets | 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 Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -2 | -4 | -6 | -5 | -3 | -2 | 3 | 0 | -2 | -57 | -51 | -52 |
| Investing | -1 | -6 | -12 | -3 | -9 | -2 | -2 | -1 | -116 | -147 | -11 | -104 |
| Financing | 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 | 117 |
Ratios
| Particulars | 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 | 8 |
| Inventory Days | — | — | — | — | — | — | — | — | — | 5,997 | 16,704 | 13,718 |
| Days Payable | — | — | — | — | — | — | — | — | — | 674 | 1,512 | 2,434 |
| Cash Conversion Cycle | — | — | — | — | — | — | — | 182 | 22 | 5,324 | 15,216 | 11,292 |
| Working Capital Days | — | — | — | — | — | — | — | 10,311 | -398 | -5,648 | 999 | 680 |
| ROCE % | -190% | -31% | -19% | -6% | -6% | -5% | -7% | -6% | -2% | -9% | -21% | -13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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48 extracted metrics + investor summaries across FY15–FY26.
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Company Information
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]
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