Deccan Gold Mines Ltd

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
28.25% Fall from 52W High
-6.9
TTM PE Ratio
High in industry
431.3
Price to Book Ratio
Above industry Median
11.2
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is much higher than 1
1.6
RSI
RSI is mid-range
43.2
MFI
MFI is mid-range
32.7

Deccan Gold Mines Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Deccan Gold Mines Ltd shareholding Pattern

Promoter
25.6%
Foreign Institutions
1.9%
Public
72.4%
Promoter
25.9%
Foreign Institutions
1.9%
Public
72.2%
Promoter
26.3%
Foreign Institutions
2.2%
Public
71.5%
Promoter
30.5%
Foreign Institutions
3.1%
Public
66.3%
Promoter
30.5%
Foreign Institutions
3.1%
Public
66.3%
Promoter
25.9%
Foreign Institutions
4.4%
Public
69.7%

Deccan Gold Mines Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
1
Bearish Moving Averages
15
5Day EMA
115.20
10Day EMA
116.20
12Day EMA
116.60
20Day EMA
117.60
26Day EMA
117.80
50Day EMA
117.80
100Day EMA
117.10
200Day EMA
108.50
5Day SMA
115.90
10Day SMA
115.40
20Day SMA
118.40
30Day SMA
121.80
50Day SMA
114.70
100Day SMA
119.20
150Day SMA
123.30
200Day SMA
115.70
Delivery & Volume
Resistance & Support
114.43
Pivot
Resistance
First Resistance
115.87
Second Resistance
117.68
Third Resistance
119.12
Support
First Support
112.62
Second support
111.18
Third Support
109.37
Relative Strength Index
43.15
Money Flow Index
32.69
MACD
-1.22
MACD Signal
-0.50
Average True Range
5.81
Average Directional Index
10.80
Rate of Change (21)
-9.83
Rate of Change (125)
-16.78
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
20 Microns Ltd.
611.87
89.9
200
Ashapura Minechem Ltd.
3241.81
116.4
483.25
The Orissa Minerals Development Company Ltd.
3557.04
2650
8342.35
ASI Industries Ltd.
-
-
-
Sandur Manganese & Iron Ores Ltd.
-
-
-
Deccan Gold Mines Ltd.
-
-
-
South West Pinnacle Exploration Ltd.
302.32
98.35
191.95

Deccan Gold Mines Ltd Company background

Founded in: 1984
Managing director: Modali Hanuma Prasad
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. DGMLs projects include DharwarShimoga belt project HuttiMaski belt projects Ramgiri belt project and Mangalur belt project. DGML explored 5,329 square kilometers in the DharwarShimoga belt under 3 RO blocks and identified 22 prospects. HuttiMaski belt projects prospects included Hutti Mine North, Hirenagnur prospect, and ChinchergiWandalli 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 multinational 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.sungroupglobal.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 DharwarShimoga, 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 202223, 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 1025 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.
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