Golden Tobacco Ltd
Incorporated in 1930, Golden Tobacco
Ltd deals in tobacco and tobacco related products.[1]
- Market Cap ₹ 38.2 Cr.
- Current Price ₹ 21.7
- High / Low ₹ 38.5 / 20.3
- Stock P/E 7.14
- Book Value ₹ -85.8
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- The company has delivered a poor sales growth of -1.35% over past five years.
- Promoter holding is low: 29.8%
- Contingent liabilities of Rs.289 Cr.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 86.47 | 96.09 | 71.34 | 68.90 | 70.29 | 51.59 | 44.73 | 36.96 | 81.88 | 76.08 | 23.42 | 41.79 | 32.66 | |
| 113.61 | 129.82 | 77.25 | 83.49 | 71.10 | 59.13 | 56.84 | 53.96 | 71.24 | 41.34 | 37.27 | 30.32 | 24.73 | |
| Operating Profit | -27.14 | -33.73 | -5.91 | -14.59 | -0.81 | -7.54 | -12.11 | -17.00 | 10.64 | 34.74 | -13.85 | 11.47 | 7.93 |
| OPM % | -31.39% | -35.10% | -8.28% | -21.18% | -1.15% | -14.62% | -27.07% | -46.00% | 12.99% | 45.66% | -59.14% | 27.45% | 24.28% |
| 31.35 | 18.26 | 0.57 | -4.33 | 5.58 | 1.19 | 1.29 | 15.61 | 11.09 | 9.80 | 23.42 | 0.92 | -0.58 | |
| Interest | 13.48 | 16.87 | 22.66 | 23.25 | 25.58 | 23.07 | 24.71 | 27.45 | 24.55 | 15.99 | 10.85 | 4.28 | 4.15 |
| Depreciation | 2.03 | 1.52 | 1.05 | 1.25 | 1.09 | 1.21 | 1.04 | 0.87 | 0.75 | 0.62 | 1.01 | 0.47 | 0.51 |
| Profit before tax | -11.30 | -33.86 | -29.05 | -43.42 | -21.90 | -30.63 | -36.57 | -29.71 | -3.57 | 27.93 | -2.29 | 7.64 | 2.69 |
| Tax % | 0.35% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 125.49% | 2.29% | -27.95% | 0.00% | |
| -11.34 | -33.88 | -29.05 | -43.42 | -21.90 | -30.63 | -36.57 | -29.71 | -8.05 | 27.29 | -1.65 | 7.64 | 2.71 | |
| EPS in Rs | -6.44 | -19.24 | -16.50 | -24.66 | -12.44 | -17.39 | -20.77 | -16.87 | -4.57 | 15.50 | -0.94 | 4.34 | 1.54 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -1% |
| 3 Years: | -20% |
| TTM: | 50% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 18% |
| 3 Years: | 46% |
| TTM: | 202% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -12% |
| 3 Years: | -20% |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 |
| Reserves | 37.23 | 2.21 | -27.13 | -70.78 | -92.87 | -127.74 | -164.31 | -184.13 | -194.07 | -167.18 | -173.14 | -163.08 | -168.68 |
| 97.71 | 152.10 | 146.61 | 145.07 | 73.34 | 59.77 | 48.90 | 47.40 | 0.00 | 0.00 | 2.00 | 2.00 | 2.33 | |
| 140.42 | 200.91 | 213.49 | 260.43 | 362.31 | 394.29 | 413.36 | 446.01 | 459.99 | 401.68 | 386.42 | 350.58 | 351.76 | |
| Total Liabilities | 292.95 | 372.81 | 350.56 | 352.31 | 360.37 | 343.91 | 315.54 | 326.87 | 283.51 | 252.09 | 232.87 | 207.09 | 203.00 |
| 25.94 | 24.37 | 26.30 | 25.42 | 24.39 | 19.05 | 18.26 | 17.40 | 15.11 | 14.48 | 7.72 | 7.26 | 7.38 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.32 | 0.00 | 0.00 | 0.00 |
| Investments | 8.64 | 8.64 | 8.64 | 8.64 | 8.64 | 8.64 | 8.64 | 14.03 | 13.69 | 13.26 | 4.20 | 3.09 | 3.54 |
| 258.37 | 339.80 | 315.62 | 318.25 | 327.34 | 316.22 | 288.64 | 295.44 | 254.51 | 224.03 | 220.95 | 196.74 | 192.08 | |
| Total Assets | 292.95 | 372.81 | 350.56 | 352.31 | 360.37 | 343.91 | 315.54 | 326.87 | 283.51 | 252.09 | 232.87 | 207.09 | 203.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22.51 | -36.61 | 23.53 | 9.31 | 12.67 | 6.41 | 22.46 | 2.27 | 63.25 | 22.51 | 20.77 | -0.13 | |
| -0.72 | -1.02 | -2.96 | -0.32 | 0.18 | 0.20 | 0.04 | 0.43 | 7.59 | 1.06 | 5.85 | 0.38 | |
| -23.58 | 38.60 | -20.70 | -10.02 | -11.04 | -9.08 | -22.20 | -2.22 | -70.11 | -24.95 | -26.05 | 0.00 | |
| Net Cash Flow | -1.79 | 0.97 | -0.13 | -1.03 | 1.81 | -2.46 | 0.30 | 0.48 | 0.73 | -1.38 | 0.58 | 0.24 |
| Free Cash Flow | 21.71 | -37.71 | 20.36 | 8.74 | 12.51 | 6.31 | 22.21 | 2.26 | 64.37 | 23.18 | 21.65 | 0.09 |
| CFO/OP | -89% | 108% | -398% | -64% | -1,567% | -85% | -186% | -15% | 445% | 67% | -152% | 1% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44.03 | 63.25 | 73.42 | 50.91 | 50.94 | 49.45 | 72.79 | 85.72 | 42.88 | 37.33 | 46.75 | 2.62 |
| Inventory Days | 724.23 | 704.85 | 771.96 | 1,050.47 | 1,021.24 | 1,523.95 | 964.72 | 1,292.02 | 289.50 | 965.34 | 633.34 | 263.16 |
| Days Payable | 53.83 | 130.28 | 123.61 | 261.44 | 315.95 | 526.35 | 416.85 | 630.78 | 300.67 | 1,084.83 | 147.37 | 139.29 |
| Cash Conversion Cycle | 714.42 | 637.82 | 721.77 | 839.94 | 756.23 | 1,047.06 | 620.65 | 746.95 | 31.71 | -82.16 | 532.72 | 126.49 |
| Working Capital Days | 487.67 | 91.13 | 89.89 | -483.51 | -640.63 | -1,136.39 | -3,009.11 | -3,918.42 | -1,869.53 | -1,757.31 | -5,611.84 | -2,974.68 |
| ROCE % | -0.50% | -10.49% | -4.21% | -13.39% | 1.56% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Numbers |
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| R&D Expenditure INR Lakhs |
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| Cigarette Export Volume Million Sticks |
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| Installed Capacity - Cigarettes Million Sticks |
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| Licensed Capacity - Cigarettes Million Sticks |
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| Actual Production - Cigarettes Million Sticks |
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Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jan - Regulation 74(5) certificate for quarter ended 31-Dec-2025 confirming dematerialisation processing; no rematerialisation requests.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 16 Oct 2025
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Disclosure under Regulation 30A of LODR
5 Aug 2025 - Appointment of Mrs. Nisha Mittal as Company Secretary and Compliance Officer from 17 June 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jul 2025 - Compliance under Regulation 74(5) of SEBI (DP) regulations for the quarter ended 30th June 2025
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Disclosure under Regulation 30A of LODR
18 Jun 2025 - Company Secretary resigned; new Company Secretary appointed amid CIRP effective June 2025.
Annual reports
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from nse
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
from nse
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Financial Year 2009
from bse
Business Overview:[1][2]
GTL, now part of the Dalmia Brothers Group, operates as an integrated tobacco processing, cigarette rolling, and packaging unit. Its domestic brands include Panama, Chancellor, Golden's Gold Flake, and Taj Chhap, while it stands as India's largest exporter of cigars and cigarettes. Beyond tobacco, the Dalmia Group has diversified interests spanning Ayurvedic Medicines, Chemicals, Textiles, Retail, and Information Technology.