Deccan Gold Mines Ltd Stock Analysis

BSE: 512068 | NSE: | Mining & Minerals | Small Cap

BSE Share Price 25-Jan-2023 18:01
40.30 -1.10 (-2.66%)

DeciZen - Make an Informed Decision on Deccan Gold Mines

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Deccan Gold Mines Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
376.1 Cr.
52-wk low :
20.2
52-wk high :
54.4
Bole Toh?

1. Is Deccan Gold Mines Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Deccan Gold Mines Ltd is a below average quality company.

2. Is Deccan Gold Mines Ltd undervalued or overvalued?

The key valuation ratios of Deccan Gold Mines Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Deccan Gold Mines Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Deccan Gold Mines Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Deccan Gold Mines:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Deccan Gold Mines Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -39.4%-40.5%107.1%-32.1%-19.3%-4.5%-4.6%-4.7%-6.2%-5.2%-
Value Creation Index -3.8NANA-3.3-2.4-1.3-1.3-1.3-1.4-1.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00000000000
YoY Gr. Rt. %-NANANANANANANANANA-
Adj EPS -0.1-0-0.2-0.8-1.1-0.3-0.3-0.3-0.3-0.3-0.3
YoY Gr. Rt. %-NANANANANANANANANA-
BVPS (₹) 0.1-0.2-0.54.65.15.75.45.24.94.64.5
Adj Net Profit -1-0.3-1.6-6.9-9.6-2.4-2.4-2.3-3-2.6-2
Cash Flow from Ops. -0.60.21-7.4-1.4-3.3-2.7-2.60.90.3-
Debt/CF from Ops. 00000000311.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANANA
Adj EPS NANANANA
BVPS 49.9-2.2-5.5-5.8
Share Price 10.1% 2.3% 18% 25.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -39.4-40.7107.3-32.1-19.3-4.5-4.6-4.7-6.5-6-5.8
Op. Profit Mgn % 000000000-8744.30
Net Profit Mgn % 000000000-7540.90
Debt to Equity 000000000.10.10
Working Cap Days 0000000009,3990
Cash Conv. Cycle 0000000001,2670

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Deccan Gold Mines Ltd.

Standalone Consolidated
TTM EPS (₹) -0.3 -0.2
TTM Sales (₹ Cr.) 0 0
BVPS (₹.) 4.5 4.4
Reserves (₹ Cr.) 32 32
P/BV 9.03 9.15
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 20.20 / 54.40
All Time Low / High (₹) 0.21 / 111.48
Market Cap (₹ Cr.) 376
Equity (₹ Cr.) 9.3
Face Value (₹) 1
Industry PE 9.3

Management X-Ray of Deccan Gold Mines :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Deccan Gold Mines

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Deccan Gold Mines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Deccan Gold Mines on 25-Jan-2023 18:01 is : 40.30.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 25-Jan-2023 18:01 the market cap of Deccan Gold Mines stood at ₹ 376.1.
The latest PE ratio of Deccan Gold Mines as of 25-Jan-2023 18:01 is 0.00.
The latest PB ratio of Deccan Gold Mines as of 25-Jan-2023 18:01 is 9.03
The 52-week high of Deccan Gold Mines is ₹ 54.40 and the 52-week low is ₹ 20.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Deccan Gold Mines is ₹ 0.00 ( Cr.) .

About Deccan Gold Mines Ltd

Deccan Gold Mines Limited (DGML) is the first private sector gold exploration company in India to be listed on the Mumbai Stock Exchange. Established as a gold exploration company in 2003, DGML now has a large portfolio of exploration prospects in the states of Karnataka, Andhra Pradesh, Kerala and Rajasthan. It acquired a majority stake in the company from the promoters of Wimper Trading Limited and followed this acquisition by making an 'open offer' to the public, as per the requirements of the Securities Exchange Board of India regulations, in the year 2001.The name of the company was changed to Deccan Gold Mines Limited on 19 March, 2003.

DGML has been actively engaged in the exploration for gold in some of the most promising gold mineralized blocks in India. It has been successful in identifying several smaller potential gold-bearing zones within these blocks, worthy of detailed investigation. The company has lodged several Prospecting Licences (PLs) applications, and once granted, will enable DGML to undertake below surface investigations to substantiate its initial findings and undertake feasibility studies to ascertain the economics and mining in the gold-bearing zones.

It has actively undertaken Reconnaissance exploration work in all of its exploration prospects in the last few years and has been successful in identifying probable gold resources within prospects located at Hirenagnur, Ganajur and Attapadi. Full details are contained in the 'Projects' section of this website. It is now awaiting the grant of the next stage of licences to undertake detailed feasibility studies on the mining potential of the gold resources identified through the first phase of its exploration activities. Promoted by shareholders with deep roots in the exploration and mining sector, it brings to India a wealth of international technical know how and experience in the gold exploration and mining sector.

The new India, with a strong economic growth outlook, is looking to revive the mineral exploration and mining sector through foreign and Indian private investment and the planned introduction of liberalised internationally compatible mining policies. DGML with some of the best gold prospects in the country, geologically similar to areas that have been home to major world gold discoveries, is playing a leading role in this revival.

Deccan Gold Mines Limited is a company listed on the Mumbai Stock Exchange and is involved in gold exploration activities in the States of Karnataka, Andhra Pradesh, Rajasthan and Kerala. Rama Mines (Mauritius) Ltd. A rights issue to increase the paid up capital of the company to Rs.5 crore was undertaken in the year 2004.

In May 2006, DGML allotted 70 lakh shares at Rs. 15.10 per share to SUN Mining and Exploration Ltd - a Cyprus based company, which is a part of multi-national group of companies with investments in many projects, like energy, oil and gas and core infrastructure projects in India and overseas, with a turn over of about US $2bn per annum. The group of companies are majority owned by the Khemka family who are of Indian origin.

DGML has entered into agreements with its associated company, Geomysore Services (India) Pvt. Ltd.,and its 100% owned subsidiary Indophil Resources Exploration Services Pvt. Ltd. for the transfer of Prospecting Licences to DGML in the Dharwar-Shimoga, North and South Hutti, Ramgiri and Mangalur Prospecting blocks. The associated companies have made several applications for the grant of Prospecting Licences (PLs) in these prospecting blocks and are awaiting grant of licences from the Government. The associated companies were originally granted Reconnaissance Permits (RPs) to undertake exploration activities in these prospecting blocks.

Portfolio of exploration projects undertaken by the company includes:

  • Hutti Greenstone Belt- Gold is being mined by The Hutti Gold Mines Ltd (HGML), a Government of Karnataka undertaking, near Hutti village in northern Karnataka.  Exploration was carried out by DGML under two Reconnaissance exploration Licences (RPs) covering a total area 851 sq km of the most prospective part of the Hutti belt.
  • Hutti Mine North prospect- This block is located immediately north of the currently operating Hutti Gold Mine. Eight parallel gold bearing quartz-sulphide veins known as Reefs or lodes are known to exist in the currently operating Hutti Mines.
  • The Mangalur Belt- the Mangalur greenstone belt is 25km long and 4 to 5km wide, located 40 km north of the currently producing Hutti gold mines. It is composed of metamorphosed basalt, gabbro, ultramafics,felsic volcanic rocks and coarse clastic sedimentary units like at Hutti, Kolar and Sonakhan belts. Samples from DGML's Mangalur gold mine dumps at Mukangavi analysed 6.1 and 18.9 g/t gold. Earlier investigations by the GSI and development work done by HGML have revealed a gold resource of 22,645 ounces between fourth and 10th level (up to 300m depth) in this currently inactive mine.
  • Dharwar-Shimoga Belt Project, Karnataka State- Seven of the 22 most prospective blocks were selected for recent drilling. To date, four have received preliminary DTH and RC drill testing. Very encouraging results were obtained from prospects near Ganajur, Karajgi, Mangalagatti and Bhavihal. These prospects deserve a second round of drilling in the near future under Prospecting Licences waiting to be granted.
  • Attappadi R.P. Block Project, Kerala State- A deep crustal structure known as Bhavani shear zone is the potential exploration target in this block. Gold mineralization is known from earlier work of GSI in Kottathara, Puttumala, Pothupadi, Mundaiyur and Kariyur-Vannathorai Prospects.
  • Ramgiri Belt: host to several rich but small ore shoots -The Ramagiri RP block comprises the well known 13 km long Ramagiri Gold Field (RGF) that was a scene of intensive underground mining activity by the Britishers in the early part of the last century.

Recent development

The company has signed a Memorandum of Understanding (MoU) with JB whereby DGML shall carry out the entire gold exploration, resource estimation and planning for feasibility studies to facilitate mining activities for Projects held by JB in the Republic of Djibouti, North East Africa.

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