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Deccan Gold Mines Ltd Fundamentals

Market Cap
₹ 1556.13 Cr
P/E Ratio (TTM)
0.00
P/B Ratio
7.29
Debt to Equity
0.02
ROE
0.00
EPS (TTM)
0.00
Dividend Yield
0.00 %
Book Value
14.45

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Deccan Gold Mines Ltd Financials

Deccan Gold Mines Ltd Financials

Deccan Gold Mines Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Sep 2023
Retail 39.60 % 37.91 % 36.95 % 36.96 %
Others 32.88 % 34.28 % 34.58 % 34.57 %
Promoters 25.64 % 25.93 % 26.31 % 26.31 %
FII 1.88 % 1.88 % 2.16 % 2.16 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %

Retail

39.60%

Others

32.88%

Promoters

25.64%

FII

1.88%

Mutual Funds

0.00%

Retail

37.91%

Others

34.28%

Promoters

25.93%

FII

1.88%

Mutual Funds

0.00%

Retail

36.95%

Others

34.58%

Promoters

26.31%

FII

2.16%

Mutual Funds

0.00%

Retail

36.96%

Others

34.57%

Promoters

26.31%

FII

2.16%

Mutual Funds

0.00%

Resistance and Support

₹105.93

PIVOT

resistance-arrow
Resistance
First Resistance₹107.467
Second Resistance₹109.533
Third Resistance₹111.067
support-arrow
Support
First Support₹103.867
Second Support₹102.333
Third Support₹100.267

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day203,776131,24164.40
Week219,644103,7220.00
1 Month219,644136,1740.00
6 Months38,854,61729,000,91778.96

About Deccan Gold Mines Ltd

Deccan Gold Mines Limited (DGML) is the first and only gold exploration Company listed on the Bombay Stock Exchange Limited (BSE). Deccan Gold Mines Limited was established in year 2003 by Australian promoters with deep roots in the mining and exploration sector. The name of the company was changed to Deccan Gold Mines Limited on 19 March, 2003. A rights issue to increase the paid up capital of the company to Rs.5 crore was undertaken in the year 2004. Since its inception, DGML and its wholly owned subsidiary Deccan Exploration Services Private Limited (DESPL) actively pursued gold exploration activities through adoption of modern methods and latest technology in all of its exploration prospects. Presently, the Company is engaged in the business of gold exploration and mining. DGML has a portfolio of exploration prospects in the States of Karnataka, Andhra Pradesh and Rajasthan. DGML's projects include Dharwar-Shimoga belt project; Hutti-Maski belt projects; Ramgiri belt project and Mangalur belt project. DGML explored 5,329 square kilometers in the Dharwar-Shimoga belt under 3 RO blocks and identified 22 prospects. Hutti-Maski belt projects prospects included Hutti Mine North, Hirenagnur prospect, and Chinchergi-Wandalli prospect. Its Ramgiri belt project prospects include Ramagiri Gold Fields PL Block (20 square kilometers area), Boksampalle PL block (17 square kilometers). The Mangalur belt project is 25 kilometers long and four to five kilometers wide, located 40 kilometers north of Hutti gold mines. 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. Additional details on the SUN Group are available on their website (www.sungroup-global.com). DGML 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. In 2010, the Company completed Transient Electromagnetic Survey (EM) followed by a detailed Induced Polarisation (IP) survey. SRK Mining Services (India) Private Limited (SRK) completed in May 2010 an initial mineral resource estimate and compilation of a technical report according to the JORC guidelines for the Ganajur Main Gold Prospect. The Company also completed 1,739 metres of infill and step out drilling in order to explore the strike and depth continuity of gold mineralization of the Ganajur Main prospect to JORC standards. In 2016, Drilling activity was carried on by Kyrgyziiz Open Joint Stock Company. Company started drilling at 8th of June 2016, first stage completed as of June 2016 and the second stage completed as of February 2017. Total of 65 drillholes were completed and 702 samples were sent to ALS to analyze. In 2023, the Company acquired 41.81% stake in Geomysore Services (India) Private Limited (GMSI) on March 2, 2023 which got an advanced stage gold project at Jonnagiri, Andhra Pradesh and close to production. During July, 2023 the Company also initiated action to secure 60% stake in Avelum Partners LLC, Kyrgyzstan which got an advanced stage gold project in Altyn Tor, Kyrgyzstan. During August, 2023 the Company incorporated a wholly owned subsidiary under the name of Deccan Gold - FZCO, Dubai for the purpose of providing Geological consultancy and related services. In 2023, preliminary to detailed exploration for gold in Hesdaba and Asaleyta Blocks of Gaggade and Lake Asal province was carried out covering 12 and 9 sq km areas respectively. Detailed geological mapping with emphasis on locating and delineating mineralized chalcedony veins and alteration haloes around them was completed. The work revealed the presence of four 10 - 130 m wide mineralized zones of 1160 - 4080 m strike length in Hesdaba Block and a 100m wide and 500m long mineralized zone in Asaleyta Block. In 2022-23, a total of 1090 channel samples collected across these mineralized zones were analysed to establish a low - grade epigenetic gold mineralization. The gold content in chalcedony veins and the ferruginous haloes ranges from <1 g/t to over 25 g/t, averaging around 1 to 2 g/t in 10-25 m wide zones of mineralization. A total of 1000m core drilling in Hesdaba Block got completed in 8 test boreholes. Exploration was carried out by under two Reconnaissance exploration Licences (RPs) covering a total area 851 sq. km of the most prospective part of the Hutti belt. DGML with large portfolio of assets, which range from near producing to long term potential gold and multimetal deposits, is in an unique situation of becoming an Indian owned global mining entity in long term. DGML with two commercially operating gold mines in 2024 is committed to yield significant value to its shareholders. DGML has Dedicated and Focussed management with strong shareholder support.

Managing Director

Modali Hanuma Prasad

Founded

1984

NSE Symbol

NA

Deccan Gold Mines Ltd Management

NameDesignation
Subramaniam SundaramExecutive Director & CS
Modali Hanuma PrasadManaging Director
Govind Subhash SamantNon-Exec & Non-Independent Dir
Kailasam SundaramChairman (Non-Executive)
Andrew Mark WeeksIndependent Director
Deepthi DonkeshwarIndependent Director

Deccan Gold Mines Ltd News

Board of Deccan Gold Mines allots 92,764 CCDs and 26,514 equity shares
Deccan Gold Mines reports consolidated net loss of Rs 68.07 crore in the March 2024 quarter
Sales reported at Rs 3.36 crore
Deccan Gold Mines to declare Quarterly Result
On 30 May 2024
Deccan Gold Mines board OKs fund raising upto Rs 59 cr
Deccan Gold Mines announced that its board of directors has approved raising of funds upto Rs 58.70 crore for development of two projects.
Deccan Gold Mines to convene EGM
On 8 May 2024
Deccan Gold Mines EGM scheduled
On 8 May 2024
Deccan Gold Mines announces board meeting date
On 11 April 2024
Deccan Gold Mines soars after Tanzania project discovers potential gold, lithium reserves
Deccan Gold Mines (DGML) zoomed 7.65% to Rs 111.20 after the company announced that its subsidiary Deccan Gold Tanzania has discovered a gold block in the Nzega-Tabora Greenstone belt, Tanzania.
Deccan Gold Mines to conduct EGM
On 14 March 2024
Deccan Gold Mines to announce Quarterly Result
On 14 February 2024

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Deccan Gold Mines Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Deccan Gold Mines Ltd shares in BlinkX

Deccan Gold Mines Ltd's P/E ratio is 0.00 times as of June 13, 2024 at 04:00 PM.

Deccan Gold Mines Ltd's most recent financial reports indicate a price-to-book ratio of 7.29, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Deccan Gold Mines Ltd's market is 1,556 Cr as on June 13, 2024 at 04:00 PM.

The current financial records of Deccan Gold Mines Ltd show a 0.00% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Deccan Gold Mines Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Deccan Gold Mines Ltd stands at 25.64%. During the same period, Institutional Investors have shown a slight values are equal in their holdings, values are equal from 1.88% to 1.88%.