Sector Alpha Week of 2026-08-14
Sector Alpha — machine-written from the numbers · Data as of 2026-08-14

Deccan Gold Mines Ltd

DECNGOLD
Mining/Minerals

Deccan Gold Mines Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: Promoters moved −5.0 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.

The price is in a confirmed uptrend (12 weeks in). Underneath, the last four quarters read improving. What settles it: whether the register turns back in the story’s favour.

Price
₹225
+81.1% 1Y
Revenue (Jun 26)
₹0.6 Cr
+57.9% YoY
Profit (Jun 26), incl. one-off
₹−8.7 Cr
one-off item — see below
Operating margin
−1,938.3%
+4,414.3 pp YoY
ROCE
−13%
FY26
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 89% on reported income across 14 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return curves, the total-debt and debt-to-equity series and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 1 earlier quarter the second source carries is not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

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 ₹225, in a confirmed uptrend and 12 weeks into that stage. That is +48.7% against its own 200-day average. It sits at 100% of a 52-week range of ₹87 to ₹225. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 31 straight weeks.

Today the stock is in a confirmed uptrend — week 12 of stage 2, confirmed. At ₹225 it trades +48.7% versus its 200-day average and sits at 100% of its 52-week range (₹87–₹225).

Aug 26: ₹225 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+48.7% versus the 200-day line, week 12 of stage 2
Price50-day avg200-day avg
S2S4S2S4S2₹239₹188₹137₹86.1₹35.0₹225₹152Aug 23May 24Feb 25Nov 25Aug 26
S2S4S2S4S2₹239₹188₹137₹86.1₹35.0₹225₹152Aug 23Feb 25Aug 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (547 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Aug 26

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +606% while the NIFTY 500 moved +278% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 31 straight weeks — 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.

02 · Valuation

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 320.0× its FY26 revenue of ₹14.0 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.

P/E
earnings negative

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

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 89% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · Stage: No read

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 8 quarters across 2 curves, on partial evidence.

Growth, year by year: revenue +250.0% in FY26 Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoY
267%204%142%79%16%%250%FY16FY21FY26
267%204%142%79%16%%250%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue accelerating
RevenueProfit
328%−32%226%−104%124%−176%22%−248%−80%−320%%%158.5%−51.5%Sep 23Dec 24Jun 26
328%−32%226%−104%124%−176%22%−248%−80%−320%%%158.5%−51.5%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
−0.5%−6.0%−12%−17%−23%%−13%FY23FY24FY26
−0.5%−6.0%−12%−17%−23%%−13%FY23FY24FY26
Revenue growth
Rising
latest +158.5% · span −51.8% to +1,251.3%
ROCE
Stuck low
latest −13.0% · span −21.0%–−2.0%

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.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+250.0%
Share price+81.1%+36.7%+63.3%+15.2%
Revenue YoY (Jun 26)
+57.9%
latest quarter vs a year ago
04 · 4-Factor Sector Score

4-Factor Sector Score

50.6/100 — rank 5 of 13 in Mining/Minerals · 54% evidence confidence

Deccan Gold Mines Ltd scores 50.6 out of 100 against the 13 companies it is compared with in Mining/Minerals, ranking 5. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 26.2 + 5.3 + 10 + 9.1 = 50.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

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

Deccan Gold Mines Ltd reported ₹0.6 Cr of revenue in the Jun 26 quarter, +57.9% year on year. That is the 3rd straight quarter of year-on-year growth. The last full year, FY26, came in at ₹14.0 Cr. The last four reported quarters add to ₹14.4 Cr.

FY26 revenue came in at ₹14.0 Cr (+250.0% on the year). The latest quarter (Jun 26) printed ₹0.6 Cr, +57.9% year on year — the 3rd consecutive quarter of year-over-year growth.

FY26 revenue ₹14.0 Cr (+250.0% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
RevenueYoY growth
15267%11204%8142%479%016%₹ Cr%₹14250%FY16FY21FY26
15267%11204%8142%479%016%₹ Cr%₹14250%FY16FY21FY26
Jun 26: ₹0.6 Cr (+57.9% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
106,469%84,708%52,948%31,187%0−573%₹ Cr%₹157.9%Sep 23Dec 24Jun 26
106,469%84,708%52,948%31,187%0−573%₹ Cr%₹157.9%Sep 23Dec 24Jun 26

Acceleration check: trailing-twelve-month revenue grew +158.5% over the last 4 quarters against +46.8%/yr over the last 8 — accelerating.

06 · Operating margin

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 −1,938.3% in the Jun 26 quarter, +4,414.3 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged −7,850.0% to −316.0%. The current quarter sits inside that band.

The latest quarter's operating margin is −1,938.3%, +4,414.3 pp against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged −7,850.0%–−316.0%.

Why the margin moved: operating margin went +4,414.3 pp year on year while gross margin went +212.5 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: −316.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 8-year window.
within a −7,850.0–−316.0% band over 8 years
operating marginYoY change (pp)
287%6,868%−1,898%3,405%−4,083%0.0%−6,268%−3,521%−8,453%−6,984%%%−316%1,322%FY19FY22FY26
287%6,868%−1,898%3,405%−4,083%0.0%−6,268%−3,521%−8,453%−6,984%%%−316%1,322%FY19FY22FY26
Jun 26: −1,938.3% operating margin (+4,414.3 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
493%5,350%−1,345%2,240%−3,183%−870%−5,022%−3,980%−6,860%−7,090%%%−1,938.3%4,414.3%Sep 23Dec 24Jun 26
493%5,350%−1,345%2,240%−3,183%−870%−5,022%−3,980%−6,860%−7,090%%%−1,938.3%4,414.3%Sep 23Dec 24Jun 26
07 · Net profit

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 ₹8.7 Cr in the Jun 26 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 FY26 year was a loss of ₹64.0 Cr. That loss is 1,455.0% of the quarter's revenue.

Jun 26 profit was ₹−8.7 Cr, null year on year. On the full year, FY26 printed ₹−64.0 Cr (null).

🚨 Read this profit with care: at ₹−8.7 Cr it is larger than the whole quarter's revenue of ₹0.6 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 −1,938.3% 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.

FY26 profit ₹−64.0 Cr (null YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
Net profit
5−13−32−51−69₹ Cr₹−64FY16FY21FY26
5−13−32−51−69₹ Cr₹−64FY16FY21FY26
Jun 26: ₹−8.7 Cr (null YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
47−9.5%16−162%−15−314%−46−466%−77−619%₹ Cr%₹−9−51.5%Sep 23Dec 24Jun 26
47−9.5%16−162%−15−314%−46−466%−77−619%₹ Cr%₹−9−51.5%Sep 23Dec 24Jun 26
08 · Cash flow — the router

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 FY26 that was ₹−52.0 Cr of operating cash against ₹−64.0 Cr of profit. After ₹98.0 Cr of capital spending, ₹−150 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹−52.0 Cr against reported profit of ₹−64.0 Cr, leaving free cash of ₹−150 Cr after ₹98.0 Cr of capital spending.

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

FY26: CFO ₹−52.0 Cr vs profit ₹−64.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution. FY17/FY24 reflects an acquisition year — point shown clipped.
Operating cashNet profitFree cash
15−29−74−118−162₹ Cr₹−52₹−64₹−150FY16FY21FY26
15−29−74−118−162₹ Cr₹−52₹−64₹−150FY16FY21FY26
FY26: CFO = Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
of profit
100%
101.2%100.6%100.0%99.4%98.8%%FY16FY21FY26
101.2%100.6%100.0%99.4%98.8%%FY16FY21FY26

Router verdict: the bigger cash user is investment — capital spending ran 6.9× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

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 11,292 days in FY26, up from 182 days in FY22. Capital spending ran ₹262 Cr over the last 3 years. At FY26 sales of ₹14.0 Cr each day of that cycle holds about ₹0.0 Cr, so roughly ₹433 Cr sits inside the business at any moment.

FY26: debtors at 8 days, inventory at 13,718 days — roughly 451.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 11,292 days, looser than FY22's 182.

The full loop: cash goes out to suppliers and production on day 0; stock waits 13,718 days to sell; customers pay about 8 days after that; and suppliers themselves are paid at 2,434 days — netting out to the 11,292-day cycle.

In money terms: at FY26 sales of ₹14.0 Cr, each day of the cycle holds about ₹0.0 Cr — so the 11,292-day loop keeps roughly ₹433 Cr sitting inside the business at any moment.

FY26: a 11,292-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 5-year window.
+11,110 days vs FY22
Cash cycleInventory daysDebtor daysPayable days
18,04013,1968,3523,508−1,336days11,292d13,718d8d2,434dFY22FY23FY24FY25FY26
18,04013,1968,3523,508−1,336days11,292d13,718d8d2,434dFY22FY24FY26

On the investment side: capital spending of ₹262 Cr over the last 3 fiscal years against ₹38.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹73.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹98.0 Cr, work-in-progress ₹73.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
17112885430₹ Cr₹98₹73FY16FY18FY21FY23FY26
17112885430₹ Cr₹98₹73FY16FY21FY26

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

10 · Return on capital

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 −13% in FY26. 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 −457.1% net margin on 0.02× asset turns.

FY26 ROCE is −13%, 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 (FY26): −457.1% net margin × 0.02× asset turns × 1.14× balance-sheet leverage ≈ −10.4% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

FY26: ROCE −13% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY15's −190%
ROCEWACC
28%−30%−89%−148%−206%%−13%FY14FY17FY20FY23FY26
28%−30%−89%−148%−206%%−13%FY14FY20FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 89% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

11 · Debt

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 ₹51.0 Cr of borrowings against ₹496 Cr of equity in FY26, a debt-to-equity of 0.10. Operating profit covers the interest bill −3×. Over 5 years borrowings went from ₹0.0 Cr to ₹51.0 Cr. Capital spending ran ₹262 Cr across the last 3 of those years.

FY26: borrowings of ₹51.0 Cr against equity of ₹496 Cr — a debt-to-equity of 0.10. Operating profit covers the interest bill −3×. Over 5 years borrowings went from ₹0.0 Cr to ₹51.0 Cr while capital spending ran ₹262 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹51.0 Cr at 0.10× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
1600.6×1200.5×800.3×400.1×00.0×₹ Cr×₹510.10×FY14FY17FY20FY23FY26
1600.6×1200.5×800.3×400.1×00.0×₹ Cr×₹510.10×FY14FY20FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 89% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Ownership

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 5.0 points of Deccan Gold Mines Ltd over 8 quarters, the biggest move on the register. That takes promoters to 20.5% of the company. Domestic institutions moved +0.5 points over the same window, to 0.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −5.0 points over 8 quarters to 20.5%; Domestic institutions: +0.5 points over 8 quarters to 0.5%; Foreign institutions: +0.2 points over 8 quarters to 2.1%.

🚨 Why the register moved: promoters drove it (−5.0 points), absorbed on the other side by domestic institutions (+0.5 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −5.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
83%61%39%16%−6.2%%20.6%1.8%0.2%77.3%Mar 24Mar 25Mar 26
83%61%39%16%−6.2%%20.6%1.8%0.2%77.3%Mar 24Mar 25Mar 26
Promoters cut 5.0 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
83%61%39%16%−6.2%%20.5%2.1%0.5%76.8%Jun 23Dec 24Jun 26
83%61%39%16%−6.2%%20.5%2.1%0.5%76.8%Jun 23Dec 24Jun 26
13 · 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.

14 · Related companies · Mining/Minerals
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1South West Pinnacle Exploration LtdSOUTHWEST 75.5/100Favorable setup87% evidence ASLEEP 30.3/35 Revenue 39.2% · PAT 100% · OPM change 9.8 pp 95% evidence 19.0/25 ROCE 20% · OPM 24.2% 95% evidence 12.3/20 P/E 18× · PEG — 50% evidence 13.9/20 RS sector 2.6% · RS bench 9.2% · 1Y 51%4 of 12 weeks ahead 100% evidence
Exact sum: 30.3 + 19 + 12.3 + 13.9 = 75.5 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Indian Metals & Ferro Alloys LtdIMFA 59.1/100Mixed-positive evidence100% evidence ASLEEP 22.5/35 Revenue 23.6% · PAT 46.6% · OPM change 9 pp 100% evidence 16.4/25 ROCE 18.4% · OPM 29% 100% evidence 9.3/20 P/E 14.4× · PEG 1.4 100% evidence 10.9/20 RS sector -0.9% · RS bench 6.2% · 1Y 91.2%4 of 12 weeks ahead 100% evidence
Exact sum: 22.5 + 16.4 + 9.3 + 10.9 = 59.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Vedanta LtdVEDL 58.9/100Mixed-positive evidence82% evidence ASLEEP 20.2/35 Revenue 2% · PAT 43.5% · OPM change 8 pp 95% evidence 15.4/25 ROCE 16.1% · OPM 35% 76% evidence 10.3/20 P/E 9.5× · PEG — 50% evidence 13.0/20 RS sector 4.3% · RS bench 10.7% · 1Y 71.4%6 of 12 weeks ahead 100% evidence
Exact sum: 20.2 + 15.4 + 10.3 + 13 = 58.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Ashapura Minechem LtdASHAPURMIN 55.0/100Mixed-positive evidence76% evidence FADING 20.2/35 Revenue 62.6% · PAT 19.5% · OPM change -2 pp 95% evidence 18.0/25 ROCE 20.7% · OPM 11% 76% evidence 11.1/20 P/E 14× · PEG — 50% evidence 5.7/20 RS sector -20.6% · RS bench -9.2% · 1Y 14.6%8 of 10 weeks ahead 70% evidence
Exact sum: 20.2 + 18 + 11.1 + 5.7 = 55 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Deccan Gold Mines Ltdthis pageDECNGOLD 50.6/100Thin evidence · provisional54% evidence BREAKING OUT 26.2/35 Revenue 100% · PAT 58.7% · OPM change 4414.3 pp 71% evidence 5.3/25 ROCE -13.1% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 9.1/20 RS sector -23% · RS bench 64.4% · 1Y 74.3%8 of 8 weeks ahead 70% evidence
Exact sum: 26.2 + 5.3 + 10 + 9.1 = 50.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Midwest Energy Ltd526570 48.7/100Thin evidence · provisional58% evidence ASLEEP 22.3/35 Revenue 100% · PAT -80% · OPM change 547.7 pp 71% evidence 4.1/25 ROCE -2.5% · OPM -7.4% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 12.3/20 RS sector 97.8% · RS bench -11.2% · 1Y 114.3%0 of 10 weeks ahead 70% evidence
Exact sum: 22.3 + 4.1 + 10 + 12.3 = 48.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
720 Microns Ltd20MICRONS 47.5/100Mixed-negative evidence81% evidence TURNING 13.1/35 Revenue 2.5% · PAT 11.5% · OPM change 0 pp 95% evidence 17.6/25 ROCE 17.3% · OPM 13% 95% evidence 12.2/20 P/E 9.9× · PEG — 50% evidence 4.6/20 RS sector -40.9% · RS bench -2.6% · 1Y -17.7%8 of 10 weeks ahead 70% evidence
Exact sum: 13.1 + 17.6 + 12.2 + 4.6 = 47.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8MOIL LtdMOIL 46.7/100Mixed-negative evidence97% evidence BASING 13.2/35 Revenue 4.9% · PAT 7.8% · OPM change 14 pp 95% evidence 13.2/25 ROCE 12.6% · OPM 37% 95% evidence 12.7/20 P/E 18.4× · PEG 0.68 100% evidence 7.6/20 RS sector -22.8% · RS bench -16% · 1Y -15%0 of 12 weeks ahead 100% evidence
Exact sum: 13.2 + 13.2 + 12.7 + 7.6 = 46.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Coal India LtdCOALINDIA 46.5/100Mixed-negative evidence82% evidence ASLEEP 6.8/35 Revenue 6.1% · PAT -5.9% · OPM change -3 pp 95% evidence 20.7/25 ROCE 35% · OPM 26% 76% evidence 11.6/20 P/E 8× · PEG — 50% evidence 7.4/20 RS sector -11.8% · RS bench -5.1% · 1Y 7.2%1 of 12 weeks ahead 100% evidence
Exact sum: 6.8 + 20.7 + 11.6 + 7.4 = 46.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10KIOCL LtdKIOCL 44.3/100Mixed-negative evidence68% evidence ASLEEP 24.0/35 Revenue 27.5% · PAT 100% · OPM change 29 pp 74% evidence 3.7/25 ROCE 1.4% · OPM -17% 100% evidence 8.5/20 P/E 609× · PEG — 15% evidence 8.1/20 RS sector -15.2% · RS bench -1.4% · 1Y 12.8%5 of 10 weeks ahead 70% evidence
Exact sum: 24 + 3.7 + 8.5 + 8.1 = 44.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Orissa Minerals Development Company LtdORISSAMINE 42.5/100Thin evidence · provisional59% evidence TURNING 17.1/35 Revenue 45.7% · PAT 92.8% · OPM change 511.5 pp 62% evidence 7.8/25 ROCE 9.6% · OPM -32.2% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 7.6/20 RS sector -39.8% · RS bench 7.7% · 1Y 3.4%2 of 10 weeks ahead 70% evidence
Exact sum: 17.1 + 7.8 + 10 + 7.6 = 42.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Gujarat Mineral Development Corporation LtdGMDCLTD 38.3/100Mixed-negative evidence100% evidence ASLEEP 13.4/35 Revenue 2.3% · PAT 43.5% · OPM change -2 pp 100% evidence 10.8/25 ROCE 10.8% · OPM 21% 100% evidence 7.6/20 P/E 32.4× · PEG 1.28 100% evidence 6.5/20 RS sector -9% · RS bench -2.2% · 1Y 44.5%3 of 12 weeks ahead 100% evidence
Exact sum: 13.4 + 10.8 + 7.6 + 6.5 = 38.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Bharat Coking Coal LtdBHARATCOAL 37.2/100Thin evidence · provisional35% evidence ASLEEP 10.7/35 Revenue — · PAT — · OPM change -6.8 pp 45% evidence 6.5/25 ROCE 4% · OPM -1.8% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y —6 of 12 weeks ahead 0% evidence
Exact sum: 10.7 + 6.5 + 10 + 10 = 37.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Deccan Gold Mines Ltd's share price today?

Deccan Gold Mines Ltd trades at ₹225, +81.1% over the past year. The company is valued at ₹4,480 Cr. The stock sits at the very top of its 52-week range (₹87–₹225), +48.7% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 12 weeks in. — as of 14 August 2026.

What were Deccan Gold Mines Ltd's latest quarterly results?

Deccan Gold Mines Ltd reported revenue of ₹0.6 Cr and a net loss of ₹8.7 Cr for the Jun 26 quarter. Earnings per share were ₹−0.33. The operating margin was −1,938.3%, 4,414.3 pp higher than a year earlier. — as of 14 August 2026.

What is Deccan Gold Mines Ltd's revenue?

Deccan Gold Mines Ltd reported revenue of ₹0.6 Cr in the Jun 26 quarter, +57.9% year on year. For the full FY26 fiscal year, revenue was ₹14.0 Cr (+250.0%). — as of 14 August 2026.

What is Deccan Gold Mines Ltd's profit?

Deccan Gold Mines Ltd earned ₹−8.7 Cr of net profit in the Jun 26 quarter. Full-year FY26 profit was ₹−64.0 Cr. The operating margin ran −1,938.3% in the latest quarter. — as of 14 August 2026.

What is Deccan Gold Mines Ltd's market cap?

Deccan Gold Mines Ltd's market capitalisation is ₹4,480 Cr at a share price of ₹225. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 14 August 2026.

Does Deccan Gold Mines Ltd pay a dividend?

No — Deccan Gold Mines Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 14 August 2026.

How is Deccan Gold Mines Ltd performing?

Deccan Gold Mines Ltd is in a confirmed uptrend, 12 weeks in. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 31 weeks. This describes what the data did, not a rating. — as of 14 August 2026.

Is Deccan Gold Mines Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 12 of stage 2), trading +48.7% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 14 August 2026.

Is Deccan Gold Mines Ltd beating the market?

On recent form, yes — Deccan Gold Mines Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 31 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +606% against the NIFTY 500's +278% — ahead of the index over the full window. — as of 14 August 2026.

Will Deccan Gold Mines Ltd's share price go up?

This page publishes no price forecast for Deccan Gold Mines Ltd. What it measures instead: the share price is ₹225, the price is in a confirmed uptrend 12 weeks in. Direction is not something this site claims to know. — as of 14 August 2026.

Who owns Deccan Gold Mines Ltd?

Promoters hold 20.5% of Deccan Gold Mines Ltd, foreign institutions 2.1%, domestic institutions 0.5% and the public 76.8% (latest quarter). The biggest move on the register over the last two years: Promoters cut 5.0 points over 8 quarters. — as of 14 August 2026.

Does Deccan Gold Mines Ltd have too much debt?

No — Deccan Gold Mines Ltd's debt-to-equity is 0.10, and operating profit covers the interest bill −3×. FY26 borrowings were ₹51.0 Cr against equity of ₹496 Cr. The returns on this page are earned, not borrowed — as of 14 August 2026.

What is Deccan Gold Mines Ltd's capex?

Deccan Gold Mines Ltd spent ₹262 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹98.0 Cr, with ₹73.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 14 August 2026.

What is Deccan Gold Mines Ltd's cash flow?

Deccan Gold Mines Ltd consumed ₹52.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−150 Cr). Reported profit that year was ₹−64.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 14 August 2026.

Where is Deccan Gold Mines Ltd in its business cycle?

Deccan Gold Mines Ltd's FY26 operating margin was −316.0%, against a 8-year band of −7,850.0%–−316.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran −1,938.3%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 14 August 2026.

What could break the Deccan Gold Mines Ltd story?

The sharpest disagreement: Promoters moved −5.0 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 14 August 2026.

Is Deccan Gold Mines Ltd a stock worth studying right now?

This is not investment advice. The machine read: Deccan Gold Mines Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 14 August 2026.

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI