Deccan Gold Mines Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Deccan Gold Mines Ltd trades at ₹88.7, building a base and 5 weeks into that stage. That is −23.8% against its own 200-day average. It sits at 3% of a 52-week range of ₹87 to ₹146. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).

Today the stock is building a base — week 5 of stage 1. At ₹88.7 it trades −23.8% versus its 200-day average and sits at 3% of its 52-week range (₹87–₹146).

Against the market, two honest reads. Cumulative: over the last 10.0 years the stock moved +178% while the NIFTY 500 moved +236% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-03-20) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: how the P/E reads against its own history.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

P/E does not price Deccan Gold Mines Ltd — earnings are negative, so there is no multiple to rank against its own history. The revenue and margin lines below are where a turn, when it comes, would show first. On sales the market values Deccan Gold Mines Ltd at 438.8× its FY25 revenue of ₹4.0 Cr.

With earnings negative, P/E does not price — there is no multiple to rank against its own history. The revenue and margin lines below are where the turn, when it comes, will show first.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Deccan Gold Mines Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 7 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

No sector-relative score — Deccan Gold Mines Ltd is not present in the sector comparison for Mining/Minerals.

The score is a rank WITHIN a peer set: every metric is scored by percentile against the other members. Without the peer set there is no score to state, so none is invented here.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Deccan Gold Mines Ltd reported ₹1.0 Cr of revenue in the Dec 25 quarter, +0.0% year on year. The last full year, FY25, came in at ₹4.0 Cr. The last four reported quarters add to ₹4.0 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

Deccan Gold Mines Ltd reported ₹1.0 Cr of revenue in the Dec 25 quarter, +0.0% year on year. The last full year, FY25, came in at ₹4.0 Cr. The last four reported quarters add to ₹4.0 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

FY25 revenue came in at ₹4.0 Cr (+33.3% on the year). The latest quarter (Dec 25) printed ₹1.0 Cr, +0.0% year on year.

Acceleration check: trailing-twelve-month revenue grew −63.6% over the last 4 quarters against +100.0%/yr over the last 8 — rolling over.

→ Revenue grew — did margins hold as it scaled? Next: −716.0% this quarter (+1,387.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Deccan Gold Mines Ltd's operating margin is −716.0% in the Dec 25 quarter, +1,387.0 percentage points against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged −7,850.0% to −347.0%. The current quarter sits inside that band.

Deccan Gold Mines Ltd's operating margin is −716.0% in the Dec 25 quarter, +1,387.0 percentage points against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged −7,850.0% to −347.0%. The current quarter sits inside that band.

The latest quarter's operating margin is −716.0%, +1,387.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged −7,850.0%–−347.0%.

Why the margin moved: operating margin went +1,387.2 pp year on year while gross margin went −7.3 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

→ Margins held — did that reach the bottom line? Next: profit null in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Deccan Gold Mines Ltd posted a net loss of ₹22.0 Cr in the Dec 25 quarter. That quarter carries a one-off item larger than its own revenue, so the year-on-year figure is an artefact rather than a trading result. The full FY25 year was a loss of ₹43.0 Cr. That loss is 2,200.0% of the quarter's revenue.

Deccan Gold Mines Ltd posted a net loss of ₹22.0 Cr in the Dec 25 quarter. That quarter carries a one-off item larger than its own revenue, so the year-on-year figure is an artefact rather than a trading result. The full FY25 year was a loss of ₹43.0 Cr. That loss is 2,200.0% of the quarter's revenue.

Dec 25 profit was ₹−22.0 Cr, null year on year. On the full year, FY25 printed ₹−43.0 Cr (null).

🚨 Read this profit with care: at ₹−22.0 Cr it is larger than the whole quarter's revenue of ₹1.0 Cr — no operating business earns more than it sells, so this is a one-off item (a debt-to-equity conversion, a tax write-back or an asset sale), not money the business earned. The underlying operations are running at −716.0% operating margin; the year-on-year jump and any P/E built on this number are artefacts of the one-off, not a real earnings turn.

→ Profit rose — but did the cash follow?

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Deccan Gold Mines Ltd's cash-flow history is too thin to judge how much reported profit converts into cash. In FY25 that was ₹−51.0 Cr of operating cash against ₹−43.0 Cr of profit. After ₹6.0 Cr of capital spending, ₹−57.0 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY25: operating cash of ₹−51.0 Cr against reported profit of ₹−43.0 Cr, leaving free cash of ₹−57.0 Cr after ₹6.0 Cr of capital spending.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Router verdict: the bigger cash user is investment — capital spending ran 7.5× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹165 Cr of building over 3 years.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Deccan Gold Mines Ltd's cash conversion cycle runs 15,216 days in FY25, up from 182 days in FY22. Capital spending ran ₹165 Cr over the last 3 years. At FY25 sales of ₹4.0 Cr each day of that cycle holds about ₹0.0 Cr, so roughly ₹167 Cr sits inside the business at any moment.

FY25: debtors at 24 days, inventory at 16,704 days — roughly 549.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 15,216 days, looser than FY22's 182.

The full loop: cash goes out to suppliers and production on day 0; stock waits 16,704 days to sell; customers pay about 24 days after that; and suppliers themselves are paid at 1,512 days — netting out to the 15,216-day cycle.

In money terms: at FY25 sales of ₹4.0 Cr, each day of the cycle holds about ₹0.0 Cr — so the 15,216-day loop keeps roughly ₹167 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹165 Cr over the last 3 fiscal years against ₹22.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹46.0 Cr (FY25) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is −21%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Deccan Gold Mines Ltd earns a ROCE of −21% in FY25. That is up from a trough of −190% in FY15. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −1,075.0% net margin on 0.01× asset turns.

FY25 ROCE is −21%, recovered from a FY15 trough of −190% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): −1,075.0% net margin × 0.01× asset turns × 1.60× balance-sheet leverage ≈ −17.2% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.59.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Deccan Gold Mines Ltd carries ₹148 Cr of borrowings against ₹251 Cr of equity in FY25, a debt-to-equity of 0.59. Operating profit covers the interest bill −6×. Over 5 years borrowings went from ₹0.0 Cr to ₹148 Cr. Capital spending ran ₹165 Cr across the last 3 of those years.

FY25: borrowings of ₹148 Cr against equity of ₹251 Cr — a debt-to-equity of 0.59. Operating profit covers the interest bill −6×. Over 5 years borrowings went from ₹0.0 Cr to ₹148 Cr while capital spending ran ₹165 Cr in just the last 3 — part of the build-out is riding on borrowed money.

→ Who owns this, and are they adding or leaving? Next: Promoters cut 5.1 points over 8 quarters.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 5.1 points of Deccan Gold Mines Ltd over 8 quarters, the biggest move on the register. That takes promoters to 20.8% of the company. Domestic institutions moved +0.3 points over the same window, to 0.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −5.1 points over 8 quarters to 20.8%; Domestic institutions: +0.3 points over 8 quarters to 0.3%; Foreign institutions: +0.0 points over 8 quarters to 1.9%.

🚨 Why the register moved: promoters drove it (−5.1 points) — distribution into the market’s bid.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Deccan Gold Mines Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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