Deccan Gold Mines Ltd
NSE: DECNGOLD BSE: 512068
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.
₹122
52W: ₹83.8 — ₹162
PE 0 · Book ₹30.7 · +297% vs bookMarket Cap₹2,420 Cr
Stock P/E—Price to Earnings
ROCE0.33%Return on Capital
ROE2.95%Return on Equity
Div. Yield0%Face Value ₹1
Strengths
- +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
Weaknesses
- −Stock is trading at 3.88 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%
Shareholding Pattern
Promoters20.62%
FIIs1.84%
DIIs0.23%
Public77.31%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 25.52% | 25.19%▼0.3 | 24.96%▼0.2 | 24.68%▼0.3 | 24.16%▼0.5 | 24.16% | 20.84%▼3.3 | 20.62%▼0.2 |
| FIIs | 1.99% | 1.87%▼0.1 | 1.86%▼0.0 | 1.84%▼0.0 | 1.83%▼0.0 | 1.88%▲0.0 | 1.87%▼0.0 | 1.84%▼0.0 |
| DIIs | 0% | 0% | 0.04%▲0.0 | 0.11%▲0.1 | 0.14%▲0.0 | 0.16%▲0.0 | 0.25%▲0.1 | 0.23%▼0.0 |
| Public | 72.49% | 72.93%▲0.4 | 73.15%▲0.2 | 73.39%▲0.2 | 73.88%▲0.5 | 73.8%▼0.1 | 77.05%▲3.3 | 77.31%▲0.3 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.04 | 0.16 | 0.37 | 0.89 | 1.53 | 1.72 | 3.12 | 8.6 | 8.71 | 16.8 |
| Expenses | 3.32 | 2.25 | 3.59 | 15.81 | 14.56 | 14.07 | 14.95 | 6.1 | 4.19 | 7.4 |
| Operating Profit | -3.28 | -2.09 | -3.22 | -14.92 | -13.03 | -12.35 | -11.83 | 2.5 | 4.52 | 9.4 |
| OPM % | -8200% | -1306.25% | -870.27% | -1676.4% | -851.63% | -718.02% | -379.17% | 29.07% | 51.89% | 55.95% |
| Net Profit | -3.28 | -4.1 | -3.33 | -15.03 | -13.15 | -15.22 | -15.59 | -2.52 | -1.86 | 6.69 |
| EPS ₹ | -0.18 | -0.22 | -0.18 | -0.78 | -0.68 | -0.78 | -0.79 | -0.13 | -0.09 | 0.34 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹37Cr, up 3600% YoY. OPM at 12%.
Debt Position
Borrowings at ₹8Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.
Institutional Flow
DIIs: 0.23% (+0.23pp change). FIIs: 1.84% (-1.28pp change). Promoters hold 20.62%.
Margin & Efficiency
ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 61.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d - Newspaper Publication of Audited Financial Results for the quarter and Financial year ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 May - Monitoring agency report for March 31, 2026 rights issue; no deviation, with Rs 52.69 crore reallocated and approved.
- Re-Appointment Of Internal Auditor For Financial Year 2026-2027 14 May - Board re-appointed GHS Gupta & Co as internal auditor for FY 2026-27 on May 14, 2026.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 14 May - FY26 results: standalone loss ₹13.18 crore, consolidated loss ₹73.17 crore; Altyn Tor commissioning, production from August 2026.
- Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2026 14 May - Board approved FY26 audited standalone and consolidated results on May 14, 2026; auditors issued unmodified opinion.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse