Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 1 Oct - Allotment of equity shares pursuant to Deccan Gold Mines Limited Stock Incentive Plan, 2024 ("DGML SIP 2024")
Source: Bse
Deccan Gold Mines Limited (DECNGOLD)
Small CapMetals stocks · Small cap · NSE
Deccan Gold Mines Limited operates in Gold Exploration, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:50 pm ISTDetails
Quote21 Oct, 03:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:02 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
42NeutralSMA20 -11.4% / mo · RSI oversold · MACD −
Stock trend: 41
Sector RS: 44
Sector 3M: -5.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DECNGOLDD candles · FIT view+49.0%Latest close ₹175.40 on 2026-10-21
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
-2.7%
RSI
30
MACD hist
-1.70
52W pos
45%
2026-10-21O ₹180.20H ₹180.75L ₹171.55C ₹175.40Vol 8.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DECNGOLDNifty MetalNifty 500
- DECNGOLD
- -8.4%
- Nifty 500
- -6.5%
- Nifty Metal
- -6.1%
- Vs Nifty 500
- -1.9 pp
Chart stats
21 Oct 2026- From 52W high
- -30.1%
- 52W range position
- 45%
- ATR (14)
- 5.5%
- Volume vs 20D
- 0.88x
- Avg traded value
- ₹19.5 Cr
- 20D price channel
- ₹171.6 - ₹231.7
₹250.8
₹114.8 - ₹250.8
₹9.6
Latest completed session
20-session average
43.4% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED19
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average45
Revenue +57.9% · PAT NDF YoY
Technical
Neutral42
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence52
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 45/100Rev +58% YoY · margin expansion
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹0.6 Cr | +57.9% | -93.6% |
| EBITDA | ₹-11.6 Cr | +51.8% | -794.6% |
| Operating margin | -1938.3% | +441430 bps | -192440 bps |
| PAT | ₹-8.7 Cr | NDF | -252.4% |
| PAT margin | -1455.0% | +594500 bps | -151641 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 7.53
- EV/EBITDA
- —
- Market Cap
- 3747.00Cr
Profitability
- ROE
- -17.20%
- ROCE
- -15.90%
- ROA
- -7.99%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 54.00%
- EPS 5Y
- 54.00%
- Revenue 3Y
- 38.00%
- EPS 3Y
- 30.00%
Balance Sheet
- Debt/Equity
- 0.10
- Interest Coverage
- -2.67×
- Altman Z
- 7.34
- Book Value
- 25.10
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -52.00 Cr
- EPS TTM
- -1.74
Shareholding
- Promoter Hold
- 20.53%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 63%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 0.6-93.6% vs prev
Net Profit
₹ CrLatest: -8.7-252.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 30. Wait for confirmation.
- SMA20 falling (~12.8% over last month) — short-term momentum negative.
- RSI(14) at 30 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 30% off 52W high · 53% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
82
RS percentile
Insufficient history
1M return
-19.2%
3M return
-8.4%
6M return
+41.6%
1Y return
-
RS 1D
-1
RS 20D
-
Sector rank
#6
Industry rank
#13
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price below
200-DMA
unavailable
Sector
neutral
Industry
leading
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
128 observations
21 Oct 2026Value 152.79-1.24%
RS vs Nifty 500153
Valuation & peers
U-Score 19 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 19 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth11/25
Quality0/20
Balance Sheet5/15
Cash Flow0/10
Piotroski
3/9 (+1)
Penalties
0
Raw sum
19
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
19/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 11/25 to the score.
- Balance sheet contributes 5/15 to the score.
- Valuation contributes 2/30 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Valuation is weaker at 2/30; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
—
PB
7.5
EV/EBITDA
—
ROE
-17.2%
ROCE
-15.9%
FCF Yield
—
Debt/Equity
0.1
MoS
—
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
19
Previous: 19
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
19
19
19
19
19
19
19
19
19
19
19
19
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
34.8
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
VSSL
Small
Vardhman Special Steels Limited
Mining
match 69
36
40.6
12.1%
+7%
WATCHLIST
KSL
Small
Kalyani Steels Limited
Mining
match 67
46
14.9
13.2%
+5%
FAIR VALUE
STEELCAS
Small
Steelcast Limited
Mining
match 67
54
40.6
24.0%
-11%
FAIR VALUE
ORISSAMINE
Small
The Orissa Minerals Development Company Limited
Mining
match 65
28
640.0
—
-1650%
OVERVALUED
MAITHANALL
Small
Maithan Alloys Limited
Mining
match 65
48
9.1
0.5%
-595%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Deccan Gold Mines Limited operates in Gold Exploration, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
52Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 10th percentile of the scored universe and 9th percentile within Metals. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
25 docs text-extracted · 6 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
10th percentile
overall median 67 · Metals: 9th pctile, median 70 · Small: 12th pctile, median 66
Evidence depth
Financial-only
25 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
58
watch · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
48
watch · capital discipline
Results
43
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.10.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-52 Cr.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding is only 20.5%.
- ▸Promoter holding fell 3.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Deccan Gold Mines Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationSep 2026
Sep 2026 · Presentation Made To Shareholders At The 42Nd Annual General Meeting Of The Company 29 Sep - AGM presentation highlights Jonnagiri and Altyn Tor reaching production in July and September 2026.
Source: Bse
Annual reportSep 2026
Sep 2026 · Letter Providing The Web-Link Of The Integrated Annual Report Of The Company For The Financial Year 2025-2026 7 Sep - AGM scheduled for September 29, 2026; web-link shared for FY2025-26 Integrated Annual Report.
Source: Bse
Annual reportSep 2026
Sep 2026 · Notice Of The 42Nd Annual General Meeting Of The Company To Be Held On September 29, 2026 At 11:30 A.M Through Video Conferencing / Other Audio Visual Means 7 Sep - FY2025-26 annual report and 42nd AGM notice issued for September 29, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - Intimation of Newspaper Publication with respect to Notice of 42nd Annual General Meeting and e-voting instructions book Closure.
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 12 Sep - Kyrgyz President inaugurated Altyn Tor plant; first gold dore produced in August 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 20 Aug - Allotment of 22,69,000 Equity shares of FV of Rs.1 each under Deccan Gold Mines Stock Incentive Plan 2024.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug - Intimation of Newspaper Publication with respect to Notice of 02/2026-27 of Extra Ordinary General Meeting and e-voting Instructions.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Aug - Notice to Shareholders for updating details with the Company.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 31 May - Deccan Gold expands Bhalukona discovery; drilling confirms nickel-copper-PGE mineralisation across 1.3 km target zone.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.