Deccan Gold Mines Ltd
DECC

Deccan Gold Mines Ltd (512068)

₹29.82.4%

Key Stats

₹28.6
Day's Price Range
₹30.9
₹16.75
52-Week Price Range
₹36.5
1 Month Return22.01 %
3 Month Return12.57 %
1 Year Return48.46 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 252
-108.52
EPS
Rank 255
₹-0.27
BVPS
Rank 281
₹4.79
Dividend Yield
Rank 177
ROE
Rank 445
Price To Book Ratio
6.11
Debt To Asset
Rank 314
0.01

Company Information

Deccan Gold Mines Limited DGML is an Indiabased company. 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 5329 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. 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. 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. 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 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 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 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.
OrganisationDeccan Gold Mines Ltd
HeadquartersMumbai
IndustryMining & Mineral products