| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 543 | 589 | 778 | 958 |
| Cost of Material Consumed | 39 | 42 | 60 | 67 |
| Change in Inventory | -48 | -2 | -17 | -27 |
| Gross Margins | 92.95 | 92.87 | 92.29 | 93.01 |
| Employee Benefit Expenses | 271 | 281 | 337 | 453 |
| Other Expenses | 112 | 132 | 161 | 203 |
| EBITDA | 179 | 136 | 237 | 262 |
| OPM | 32.37 | 23.09 | 30.46 | 27.35 |
| Other Income | 47 | 37 | 50 | 94 |
| Finance Cost | 0.15 | 0.16 | 0.42 | 0.01 |
| D&A | 18 | 20 | 19 | 42 |
| EBIT | 161 | 116 | 218 | 220 |
| EBIT Margins | 29.11 | 19.69 | 28.02 | 22.96 |
| PBT | 208 | 153 | 268 | 315 |
| PBT Margins | 37.61 | 25.98 | 34.45 | 32.88 |
| Tax | 60 | 42 | 70 | 76 |
| PAT | 148 | 111 | 198 | 239 |
| NPM | 26.76 | 111 18.85 | 25.45 | 24.95 |
| EPS | 5000 | 3750 | 6689.19 | 8074.32 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 32.37 | 23.09 | 30.46 | 27.35 |
| Net Profit Margin | 26.76 | 18.85 | 25.45 | 24.95 |
| Earning Per Share (Diluted) | 5000 | 3750 | 6689.19 | 8074.32 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 795 | 1042 | 1265 | 1264 |
| CWIP | 299 | 335 | 134 | 129 |
| Investments | 0.02 | 0 | 0 | 0 |
| Trade Receivables | 0.37 | 1 | 3 | 6.8 |
| Inventory | 274 | 158 | 190 | 225 |
| Other Assets | 1043.61 | 1188 | 1285 | 1556.2 |
| Total Assets | 2412 | 2724 | 2877 | 3181 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 3181 | 2.96 | 2.96 | 2.96 |
| FV | 100 | 100 | 100 | 100 |
| Reserves | 2188 | 2509 | 2653 | 2831 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 26 | 22 | 16 | 14 |
| Other Liabilities | 195.04 | 190.04 | 205.04 | 333.04 |
| Total Liabilities | 2412 | 2724 | 2877 | 3181 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 208 | 152 | 268 | 315 |
| OPBWC | 213 | 141 | 242 | 272 |
| Change in Receivables | 208 | -0.98 | -2 | -4 |
| Change in Inventories | 9.5 | 115 | -32 | -35 |
| Change in Payables | 12.45 | -4.2 | -5 | -2 |
| Other Changes | -165.45 | -196.9 | 16 | -32 |
| Working Capital Change | -143.64 | -87.08 | -23 | -73 |
| Cash Generated From Operations | 69.36 | 53.92 | 219 | 199 |
| Tax | -53 | -40 | -61 | 113 |
| Cash Flow From Operations | 16.36 | 13.92 | 158 | -86 |
| Purchase of PPE | -55.6 | -51 | -66 | -51 |
| Sale of PPE | 0 | 0 | 0 | 0 |
| Cash Flow From Investment | -105 | 165 | -55 | -317 |
| Borrowing | 0 | 0 | 0 | 0 |
| Dividend | -14.7 | -44.4 | 0 | -24 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | 0 | -0.2 | -34 | 0 |
| Cash Flow from Financing | -14.7 | -44.6 | -34 | -228 |
| Net Cash Generated | -103.34 | 134.32 | 69 | -228 |
| Cash at the Start | 202 | 99 | 234 | 303 |
| Cash at the End | 98.66 | 233.32 | 303 | 75 |
Hutti Gold Mines Company Limited (HGML) is India’s only primary gold producer, owned by the Government of Karnataka, and has been operational for more than a century. The company manages the Hutti Gold Mine—one of the deepest mines in the world—that has historically been a major contributor to domestic gold production. HGML also operates two other key projects: the Uti Gold Mine and the Hira-Buddinni Exploration Project. With advanced mining infrastructure, in-house ore processing facilities, and a focus on maximizing recovery efficiency, the company plays a crucial role in reducing India’s dependence on imported gold. Its longstanding expertise and continuous modernization efforts ensure that HGML maintains steady production despite the technical challenges of deep mining.
From a business perspective, Hutti Gold Mines has been working toward expansion and technological upgrades to enhance ore extraction, processing capacity, and overall productivity. The company has invested significantly in new shafts, improved drilling techniques, better ore transportation, and high-grade recovery systems. These initiatives aim to increase output over the coming years while optimizing mining costs. Additionally, strong gold prices in recent years have further supported HGML’s revenue growth, given the stable demand for gold in India. As a government-owned enterprise, the company maintains strong compliance standards, financial transparency, and operational resilience, making it a stable entity in the mining sector.
In the unlisted market, Hutti Gold Mines Company Limited’s shares are highly sought after due to its strategic importance, limited supply of shares, and strong growth outlook tied to rising gold prices. Investors view HGML as a rare opportunity to gain exposure to India’s gold mining industry, a sector that typically has very few investable companies. The company’s expansion plans, including exploration of new reserves and enhancements to production capacity, further contribute to positive investor sentiment. With gold continuing to be a safe-haven asset and domestic demand increasing, HGML’s unlisted shares present a compelling long-term investment opportunity for those seeking stability, scarcity value, and consistent growth potential.
Q:1 How do I confirm my booking for Hutti Gold Mines Company Limited Unlisted Shares?Answer: You can confirm your booking by contacting us and specifying the trading price for the Hutti Gold Mines Company Limited Unlisted Shares you wish to buy.
Q:2 What documents do I need to provide for purchasing unlisted shares?Answer: You need to provide your client master report (CMR), PAN Card, and a Cancelled Cheque.If you don't have a CMR, please ask your broker for it.
Q:3 Why do I need to provide KYC documents?
Answer: KYC documents are required as per SEBI regulations to ensure compliance with financial regulations and to verify your identity.
Q:4 How will I receive the bank details for the fund transfer?
Answer: We will provide you with the necessary bank details once your booking is confirmed.
Q:5 What payment methods are accepted for purchasing the shares?Answer: Payment has to be made via RTGS, NEFT, IMPS, or Cheque Transfer.Please note that cash deposits are not accepted.
Q:6 From which bank account should I make the payment?
Answer: The payment must be made from the same bank account where the shares will be credited, as specified in your CMR.
Q:7 Is there a specific timeframe for making the payment after booking the shares?Answer: While a specific timeframe may vary, it's generally advisable to make the payment promptly after confirming your booking to secure your shares.
Q:8 Can I use a different bank account for payment than the one on my CMR?Answer: No, you must use the same bank account that is mentioned in your CMR for the payment to ensure proper crediting of the shares.