Golden Tobacco Ltd

Golden Tobacco Ltd

₹ 45.3 -4.63%
22 Apr - close price
About

Established in 1930 and taken over by Dalmia Group in 1979, Golden Tobacco Limited is engaged in manufacturing of Tobacco Products and Real Estate.

Key Points

Product Portfolio:[1]
a) Cigarettes:[2] Panama Mini Kings Special, Panama Filter, Panama Deluxe Filter, Taj Chhap, Golden's Gold Flake, etc.
b) Slim / Super Slim Cigarettes:[3] June Slim, June Super Slim, Lips
c) Cigars:[4] Just Black, Lips (In Barrel n Caps), June Slim Cigars
d) Cigarillos:[5] Just Black 108mm

Manufacturing Capacity:[6]
Company has it's own raw tobacco procurement division, based at Guntur which is capable of handling 10 million kgs of raw tobacco per season and a tobacco processing / blending division at Vadodara, with a capacity of 50 tons/day

  • Market Cap 79.8 Cr.
  • Current Price 45.3
  • High / Low 64.7 / 37.1
  • Stock P/E 15.0
  • Book Value -117
  • 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: 30.0%
  • Contingent liabilities of Rs.285 Cr.
  • Earnings include an other income of Rs.4.32 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

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
56.36 6.52 6.81 7.92 2.66 6.03 0.18 10.98 4.65 25.98 0.90 1.98 3.80
11.94 11.66 9.09 11.93 8.78 7.52 3.26 10.32 4.12 12.70 4.11 3.77 4.21
Operating Profit 44.42 -5.14 -2.28 -4.01 -6.12 -1.49 -3.08 0.66 0.53 13.28 -3.21 -1.79 -0.41
OPM % 78.81% -78.83% -33.48% -50.63% -230.08% -24.71% -1,711.11% 6.01% 11.40% 51.12% -356.67% -90.40% -10.79%
-8.76 18.70 0.34 0.16 22.65 0.37 0.08 2.70 0.08 -1.90 0.76 5.43 0.03
Interest 5.43 0.69 3.26 4.02 2.31 1.23 1.10 1.15 1.03 0.96 0.99 1.18 1.03
Depreciation 0.16 0.16 0.27 0.22 0.27 0.25 0.11 0.12 0.12 0.12 0.11 0.14 0.14
Profit before tax 30.07 12.71 -5.47 -8.09 13.95 -2.60 -4.21 2.09 -0.54 10.30 -3.55 2.32 -1.55
Tax % 0.00% 5.04% 0.00% 7.91% 0.00% -0.77% 0.00% 0.00% 0.00% 0.00% 0.00% 26.29% 0.00%
30.08 12.08 -5.47 -7.45 13.95 -2.62 -4.21 2.08 -0.54 10.30 -3.55 1.72 -1.55
EPS in Rs 17.08 6.86 -3.11 -4.23 7.92 -1.49 -2.39 1.18 -0.31 5.85 -2.02 0.98 -0.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 96.08 71.34 68.90 70.29 51.59 44.73 36.96 81.92 76.08 23.42 41.79 32.66
115.49 130.04 77.40 83.65 71.27 59.40 56.97 53.66 71.33 41.36 37.29 30.36 24.79
Operating Profit -29.02 -33.96 -6.06 -14.75 -0.98 -7.81 -12.24 -16.70 10.59 34.72 -13.87 11.43 7.87
OPM % -33.56% -35.35% -8.49% -21.41% -1.39% -15.14% -27.36% -45.18% 12.93% 45.64% -59.22% 27.35% 24.10%
32.86 18.26 0.75 -4.27 13.68 1.25 1.30 15.62 11.10 9.80 23.52 0.95 4.32
Interest 13.48 16.87 28.45 53.35 45.99 25.43 24.71 27.45 24.55 15.99 10.85 4.28 4.16
Depreciation 2.03 1.53 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 -11.67 -34.10 -34.81 -73.62 -34.38 -33.20 -36.69 -29.40 -3.61 27.91 -2.21 7.63 7.52
Tax % -0.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -124.10% 2.29% 28.05% 0.00%
-11.71 -34.10 -34.81 -73.62 -34.37 -33.20 -36.69 -29.40 -8.09 27.26 -1.59 7.63 6.92
EPS in Rs -6.65 -19.37 -19.77 -41.81 -19.52 -17.58 -20.84 -16.70 -4.59 15.48 -0.90 4.33 3.93
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: 45%
TTM: 200%
Stock Price CAGR
10 Years: 6%
5 Years: 2%
3 Years: 3%
1 Year: -16%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 27.21 -8.01 -43.14 -116.99 -151.60 -186.84 -223.41 -242.47 -252.51 -225.54 -231.61 -221.52 -222.85
97.76 143.40 356.66 351.61 168.55 59.92 48.95 47.40 0.00 0.00 2.00 2.00 2.33
140.42 209.89 227.84 278.49 404.70 456.77 455.75 488.10 502.04 401.60 386.37 350.54 351.63
Total Liabilities 282.98 362.87 558.95 530.70 439.24 347.44 298.88 310.62 267.12 193.65 174.35 148.61 148.70
26.60 25.04 26.97 26.09 25.06 19.71 18.93 18.07 15.78 15.15 8.38 7.93 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 6.29 6.29 6.29 6.29 6.29 6.29 6.29 12.12 11.72 11.38 2.26 1.19 1.70
250.09 331.54 525.69 498.32 407.89 321.44 273.66 280.43 239.42 166.80 163.71 139.49 139.62
Total Assets 282.98 362.87 558.95 530.70 439.24 347.44 298.88 310.62 267.12 193.65 174.35 148.61 148.70

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
25.70 -38.26 -199.11 31.71 145.66 96.76 17.63 0.83 63.21 24.54 20.75 -0.15
-0.71 -1.02 -3.08 -0.25 0.19 0.26 0.05 0.44 7.60 1.07 5.86 0.39
-23.59 38.60 206.70 -38.40 -144.10 -99.60 -17.42 -0.79 -70.11 -26.95 -26.05 0.00
Net Cash Flow 1.40 -0.68 4.51 -6.94 1.75 -2.58 0.26 0.48 0.69 -1.34 0.56 0.24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 42.91 37.33 46.75 2.62
Inventory Days 724.15 704.85 771.96 1,050.47 784.73 1,091.48 964.72 1,292.02 289.19 965.34 633.34 263.16
Days Payable 55.85 130.28 123.61 262.84 243.46 379.66 418.17 630.78 300.35 1,084.83 147.37 139.29
Cash Conversion Cycle 712.33 637.82 721.77 838.54 592.21 761.27 619.34 746.95 31.75 -82.16 532.72 126.49
Working Capital Days 439.21 261.59 232.44 -887.71 -1,157.37 -1,317.08 -3,049.26 -3,964.54 -2,055.98 -1,756.92 -5,579.73 -2,956.86
ROCE % -1.60% -11.67% -2.67% -5.29% 0.39%

Shareholding Pattern

Numbers in percentages

Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Jun 2023Sep 2023Dec 2023
30.04% 30.04% 30.04% 30.04% 30.04% 30.04% 30.04% 30.04% 30.04% 30.04% 30.04% 30.04%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.11% 0.02% 0.02% 0.02%
0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.09% 0.09% 0.09%
69.86% 69.86% 69.86% 69.86% 69.86% 69.86% 69.86% 69.86% 69.77% 69.87% 69.88% 69.87%
No. of Shareholders 27,09027,35527,69127,52027,16729,18430,42530,74732,61331,68131,39131,049

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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