Golden Tobacco Ltd (GOLDENTOBC) share price, results, shareholding

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021
Sales	6.52	6.81	7.92	2.66	6.03	0.18	10.98	4.65	25.98	0.90	1.98	3.80
Expenses	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	-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 %	-78.83%	-33.48%	-50.63%	-230.08%	-24.71%	-1,711.11%	6.01%	11.40%	51.12%	-356.67%	-90.40%	-10.79%
Other Income	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	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	0.27	0.22	0.27	0.25	0.11	0.12	0.12	0.12	0.11	0.14	0.14
Profit before tax	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 %	5.04%	-0.00%	-7.91%	-0.00%	0.77%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	26.29%	-0.00%
Net Profit	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	6.86	-3.11	-4.23	7.92	-1.49	-2.39	1.18	-0.31	5.85	-2.02	0.98	-0.88

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	TTM
Sales	96.08	71.34	68.90	70.29	51.59	44.73	36.96	81.92	76.08	23.42	41.79	32.66
Expenses	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	-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 %	-35.35%	-8.49%	-21.41%	-1.39%	-15.14%	-27.36%	-45.18%	12.93%	45.64%	-59.22%	27.35%	24.10%
Other Income	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	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	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	-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 %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	124.10%	2.29%	-28.05%	-0.00%
Net Profit	-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	-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%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	-8%	-1%	-20%	50%
Compounded Profit Growth	9%	18%	45%	200%
Stock Price CAGR	-5%	-30%	-23%		-27%
Return on Equity	%	%	%			%

	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
Reserves	-8.01	-43.14	-116.99	-151.60	-186.84	-223.41	-242.47	-252.51	-225.54	-231.61	-221.52	-222.85
Borrowings	143.40	356.66	351.61	168.55	59.92	48.95	47.40	-0.00	-0.00	2.00	2.00	2.33
Other Liabilities	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	362.87	558.95	530.70	439.24	347.44	298.88	310.62	267.12	193.65	174.35	148.61	148.70
Fixed Assets	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	0.20	0.32	-0.00	-0.00	-0.00
Investments	6.29	6.29	6.29	6.29	6.29	6.29	12.12	11.72	11.38	2.26	1.19	1.70
Other Assets	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	362.87	558.95	530.70	439.24	347.44	298.88	310.62	267.12	193.65	174.35	148.61	148.70

	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Cash from Operating Activity	25.70	-38.26	-199.11	31.71	145.66	96.76	17.63	0.83	63.21	24.54	20.75	-0.15
Cash from Investing Activity	-0.71	-1.02	-3.08	-0.25	0.19	0.26	0.05	0.44	7.60	1.07	5.86	0.39
Cash from Financing Activity	-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
Free Cash Flow	24.90	-39.36	-202.28	31.14	145.50	96.66	17.38	0.82	64.33	25.21	21.63	0.07
CFO/OP	-94%	112%	3,286%	-215%	-14,864%	-1,239%	-144%	-7%	447%	73%	-152%	1%

	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	101.01	13.20	-1,106.65	-1,354.85	-1,579.00	-3,354.69	-4,334.18	-2,055.98	-1,756.92	-5,610.90	-2,974.33
ROCE %	-1.60%	-11.67%	-2.67%	-5.29%	0.39%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	30.04%	30.04%	30.04%	30.04%	30.04%	30.04%	29.77%	29.77%	29.77%	29.77%	29.77%	29.77%
FIIs	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
DIIs	0.09%	0.09%	0.09%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%	0.14%
Public	69.88%	69.87%	69.86%	69.81%	69.80%	69.80%	70.08%	70.08%	70.08%	70.09%	70.09%	70.09%
No. of Shareholders	31,391	31,049	31,447	30,988	30,849	30,831	30,880	30,789	30,698	30,637	30,969	31,103

Fundamentals

Market Cap₹ 41.3 Cr.

Current Price₹ 23.4

Stock P/E7.78

Book Value₹ -117

ROCE%

ROE%

Dividend Yield0.00 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)50%

Compounded Profit Growth (TTM)200%

Consolidated figures.

Valuation

Market capRs 42 Cr

Enterprise valueRs 40 Cr

P/E (TTM)6.02x

Price to book-0.20x

Price to sales1.28x

EV / EBITDA3.31x

EV / EBIT3.46x

EV / sales1.24x

Earnings yield16.60%

P/E, 3-year average6.05x

P/B, 3-year average-0.30x

P/E, 5-year average6.05x

P/B, 5-year average-0.38x

Profitability

Operating margin (excl. other income)27.35%

Operating margin (incl. other income)29.62%

EBITDA margin37.32%

Pre-tax margin23.03%

Net profit margin21.19%

Net margin, latest quarter-40.79%

ROE-3.65%

ROA4.72%

ROE, 3-year average-5.07%

ROA, 3-year average5.23%

ROE, 5-year average0.39%

ROA, 5-year average0.65%

Other income / net worth-0.47%

Growth

Sales growth (latest year)78.44%

Sales CAGR, 3 years-20.10%

Sales CAGR, 5 years-1.35%

Sales growth QoQ91.92%

Profit growth QoQ-190.12%

Sales growth YoY (latest quarter)-18.28%

Per share

EPS (TTM)Rs 3.93

EPS (latest year)Rs 4.34

EPS (latest quarter)Rs -0.88

EPS, 3-year averageRs 6.31

EPS, 5-year averageRs -0.48

Book value per shareRs -115.88

Sales per shareRs 18.56

Cash flow per shareRs -0.09

Free cash flow per shareRs 0.04

Efficiency

Asset turnover0.28x

Fixed asset turnover5.27x

Inventory turnover1.64x

Inventory days222 days

Debtor days3 days

Debtors turnover139.30x

Creditor days139 days

Cash conversion cycle126 days

Working capital days-2974 days

Leverage

Total debtRs 2 Cr

Cash and bankRs 3 Cr

Net debtRs -1 Cr

Debt to equity-0.01x

Net debt / EBITDA-0.11x

Interest coverage2.81x

Owners' fund to total sources-137.22%

Debt to assets1.35%

Cash flow

Cash from Operating Activity (latest year)Rs -0 Cr

Cash from Investing Activity (latest year)Rs 0 Cr

Net Cash Flow (latest year)Rs 0 Cr

Free cash flow (latest year)Rs 0 Cr

FCFE (approx.: FCF + change in debt)Rs 0 Cr

Statement figures

Net sales (TTM)Rs 33 Cr

Net sales (latest year)Rs 42 Cr

Sales (latest quarter)Rs 4 Cr

Operating profit excl. other income (latest year)Rs 11 Cr

Operating profit (latest quarter)Rs -0 Cr

Other income (TTM)Rs 4 Cr

EBITDA (TTM)Rs 12 Cr

PBDT (TTM)Rs 8 Cr

Profit before tax (TTM)Rs 8 Cr

Net profit (TTM)Rs 7 Cr

Net profit (latest year)Rs 8 Cr

Net profit (latest quarter)Rs -2 Cr

Depreciation (TTM)Rs 1 Cr

Depreciation (latest quarter)Rs 0 Cr

Interest (TTM)Rs 4 Cr

Cost of goods sold (latest year)Rs 18 Cr

Total expenditure (latest year)Rs 30 Cr

Total income (latest year)Rs 43 Cr

Share capitalRs 18 Cr

ReservesRs -222 Cr

Shareholders' fundsRs -204 Cr

Total assetsRs 149 Cr

Net blockRs 8 Cr

InvestmentsRs 1 Cr

ReceivablesRs 0 Cr

InventoryRs 11 Cr

Other liabilitiesRs 351 Cr

Shares outstanding (crore)1.76

Ownership

Promoter holding29.77% (+0.00 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/E 6.0 is at the 19th percentile of its own 6.8-year range (median 10.2, low 1.3, high 31.8).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	GOLDENTOBC	Nifty 50	Difference
1 week	-2.3%	-2.8%	+0.5 pts
1 month	-3.1%	-6.8%	+3.6 pts
3 months	-8.8%	-7.6%	-1.2 pts
6 months	+10.3%	+0.4%	+9.9 pts
1 year	-32.4%	-9.9%	-22.5 pts
2 years	-43.5%	-13.6%	-29.9 pts
3 years	-56.1%	+14.2%	-70.3 pts
5 years	-84.9%	+27.9%	-112.8 pts

Red flags

F-score 5 of 8

serious	Negative equity Shareholders' equity is negative
look	On NSE surveillance On NSE surveillance: GSM, Insolvency

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Dec 2021

Sales ₹4 Cr -18.3% vs Dec 2020. Net loss ₹2 Cr.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2021-09-22	Annual General Meeting
2020-12-22	Annual General Meeting
2019-12-24	Annual General Meeting
2018-12-20	Annual General Meeting
2017-07-11	Annual General Meeting (Bc Dates Revised)
2016-09-14	Annual General Meeting
2015-09-16	Annual General Meeting
2014-09-16	Annual General Meeting (Agm And Book Closure Dates Revised)
2013-09-20	Annual General Meeting
2012-09-20	Annual General Meeting
2011-12-08	Annual General Meeting
2010-09-08	Annual General Meeting
2009-09-07	Annual General Meeting
2008-07-04	Annual General Meeting
2007-07-16	Agm
2006-08-16	Agm

No announcements in our files yet.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Order date	Forum	Case
2021-07-19	NCLT	J.P. Financial Services Pvt. Ltd. Vs Golden Tobacco Ltd. & Ors.
2021-04-15	NCLAT	Arrow Engineering Ltd VS Golden Tobacco Ltd
2021-04-12	NCLT	J.P. Financial Services Pvt. Ltd. Vs Golden Tobacco Ltd. & Ors.
2021-04-05	NCLT	J.P. Financial Services Pvt. Ltd. Vs Golden Tobacco Ltd. & Ors.
2021-03-23	NCLT	J.P. Financial Services Pvt. Ltd. Vs Golden Tobacco Ltd. & Ors.
2021-03-17	NCLT	J.P. Financial Services Pvt. Ltd. Vs Golden Tobacco Ltd. & Ors.

Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.

GSMInsolvency Resolution Process(IRP)Less than 100 unique PAN traded in previous 30 daysUnder BZ/SZ Series