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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Golden Tobacco Ltd

About the Company - Golden Tobacco Ltd

Golden Tobacco Ltd. is a Public Limited Listed company incorporated on 28/06/1955 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L16000GJ1955PLC067605 and registration number is 067605. Currently Company is involved in the business activities of Manufacture of cigarettes, cigarette tobacco. Company’s Total Operating Revenue is Rs. 41.79 Cr. and Equity Capital is Rs. 17.59 Cr. for the Year ended 31/03/2021.
Cigarettes & Tobacco ProductsDarjipura, Post- Amaliyara, Vadodra Gujarat
NamePosition Held
Mr. Pawankumar MalsariaWholeTime Director & CFO
Mr. Vinod S BhatiaInd. Non-Executive Director
Mr. Rajnikant PatelInd. Non-Executive Director
Mrs. Prama Raval ShahInd. Non-Executive Director
Mr. Vikas DahiyaInd. Non-Executive Director
Mr. Jignesh EngineerNon Executive Director

Golden Tobacco Ltd. Share Price Update

Share PriceValue
Previous Day₹57.88

Basic Stock Data of Golden Tobacco Ltd

Market Cap 102 Cr.
Current Price 58.0
High / Low64.7/39.1
Stock P/E19.2
Book Value 117
Dividend Yield0.00 %
Face Value 10.0

Data Source:

Golden Tobacco Ltd Quarterly Results

MonthDec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021
Operating Profit44.42-5.14-2.28-4.01-6.12-1.49-3.080.660.5313.28-3.21-1.79-0.41
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%
Other Income-8.7618.700.340.1622.650.370.082.700.08-1.900.765.430.03
Profit before tax30.0712.71-5.47-8.0913.95-2.60-4.212.09-0.5410.30-3.552.32-1.55
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%
Net Profit30.0812.08-5.47-7.4513.95-2.62-4.212.08-0.5410.30-3.551.72-1.55
EPS in Rs17.086.86-3.11-4.237.92-1.49-2.391.18-0.315.85-2.020.98-0.88

Golden Tobacco Ltd Quarterly Chart

Golden Tobacco Ltd Profit & Loss

MonthMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021TTM
Operating Profit-29.02-33.96-6.06-14.75-0.98-7.81-12.24-16.7010.5934.72-13.8711.437.87
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%
Other Income32.8618.260.75-4.2713.681.251.3015.6211.109.8023.520.954.32
Profit before tax-11.67-34.10-34.81-73.62-34.38-33.20-36.69-29.40-3.6127.91-2.217.637.52
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%
Net Profit-11.71-34.10-34.81-73.62-34.37-33.20-36.69-29.40-8.0927.26-1.597.636.92
EPS in Rs-6.65-19.37-19.77-41.81-19.52-17.58-20.84-16.70-4.5915.48-0.904.333.93
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%

Golden Tobacco Ltd Profit & Loss Yearly Chart

Golden Tobacco Ltd Growth

Compounded Sales Growth
10 Years:-8%
5 Years:-1%
3 Years:-20%
Compounded Profit Growth
10 Years:9%
5 Years:18%
3 Years:45%
Stock Price CAGR
10 Years:11%
5 Years:14%
3 Years:8%
1 Year:1%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Golden Tobacco Ltd Balance Sheet

MonthMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Sep 2021
Equity Capital17.5917.5917.5917.5917.5917.5917.5917.5917.5917.5917.5917.5917.59
Other Liabilities140.42209.89227.84278.49404.70456.77455.75488.10502.04401.60386.37350.54351.63
Total Liabilities282.98362.87558.95530.70439.24347.44298.88310.62267.12193.65174.35148.61148.70
Fixed Assets26.6025.0426.9726.0925.0619.7118.9318.0715.7815.158.387.937.38
Other Assets250.09331.54525.69498.32407.89321.44273.66280.43239.42166.80163.71139.49139.62
Total Assets282.98362.87558.95530.70439.24347.44298.88310.62267.12193.65174.35148.61148.70

Golden Tobacco Ltd Reserves and Borrowings Chart

Golden Tobacco Ltd Cash Flow

MonthMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Cash from Operating Activity 25.70-38.26-199.1131.71145.6696.7617.630.8363.2124.5420.75-0.15
Cash from Investing Activity -0.71-1.02-3.08-
Cash from Financing Activity -23.5938.60206.70-38.40-144.10-99.60-17.42-0.79-70.11-26.95-26.050.00
Net Cash Flow1.40-0.684.51-6.941.75-2.580.260.480.69-1.340.560.24

Golden Tobacco Ltd Financial Efficiency Indicators

MonthMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Debtor Days44.0363.2573.4250.9150.9449.4572.7985.7242.9137.3346.752.62
Inventory Days724.15704.85771.961,050.47784.731,091.48964.721,292.02289.19965.34633.34263.16
Days Payable55.85130.28123.61262.84243.46379.66418.17630.78300.351,084.83147.37139.29
Cash Conversion Cycle712.33637.82721.77838.54592.21761.27619.34746.9531.75-82.16532.72126.49
Working Capital Days439.21261.59232.44-887.71-1,157.37-1,317.08-3,049.26-3,964.54-2,055.98-1,756.92-5,579.73-2,956.86
ROCE %-1.60%-11.67%-2.67%-5.29%0.39%

Golden Tobacco Ltd Financial Efficiency Indicators Chart

Golden Tobacco Ltd Share Holding Pattern

MonthMar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Jun 2023Sep 2023
No. of Shareholders26,69327,09027,35527,69127,52027,16729,18430,42530,74732,61331,68131,391

Golden Tobacco Ltd Shareholding Pattern Chart

No. of Golden Tobacco Ltd Shareholders

This stock is not held by any mutual fund

Golden Tobacco Ltd ROCE Trend

Golden Tobacco Ltd EPS Trend

Golden Tobacco Ltd Key Financial Ratios

MonthMar 21Mar 20Mar 19Mar 18Mar 17
Basic EPS (Rs.)4.34-0.9015.50-4.60-16.71
Diluted EPS (Rs.)4.34-0.9015.50-4.60-16.71
Cash EPS (Rs.)4.60-0.3215.86-4.17-16.22
Book Value[Excl.RevalReserv]/Share (Rs.)-115.95-121.69-148.58-139.64-134.88
Book Value[Incl.RevalReserv]/Share (Rs.)-115.95-121.69-118.24-133.57-127.86
Revenue From Operations / Share (Rs.)23.7613.3243.2646.5821.01
PBDIT / Share (Rs.)8.80-6.8420.8312.31-0.64
PBIT / Share (Rs.)8.54-7.4120.4811.89-1.14
PBT / Share (Rs.)4.34-1.2615.86-2.05-16.71
Net Profit / Share (Rs.)4.34-0.9015.50-4.60-16.71
NP After MI And SOA / Share (Rs.)4.34-0.9015.50-4.60-16.71
PBDIT Margin (%)37.05-51.3248.1626.43-3.06
PBIT Margin (%)35.94-55.6447.3425.52-5.40
PBT Margin (%)18.26-9.4336.67-4.39-79.53
Net Profit Margin (%)18.25-6.7735.83-9.87-79.53
NP After MI And SOA Margin (%)18.25-6.7735.83-9.87-79.53
Return on Networth / Equity (%)-3.740.00-10.430.000.00
Return on Capital Employeed (%)-7.366.09-17.31-8.900.90
Return On Assets (%)5.13-0.9114.07-3.02-9.46
Long Term Debt / Equity (X)
Total Debt / Equity (X)-0.01-
Asset Turnover Ratio (%)
Current Ratio (X)
Quick Ratio (X)
Inventory Turnover Ratio (X)0.230.400.510.390.37
Interest Coverage Ratio (X)3.65-1.112.300.88-0.04
Interest Coverage Ratio (Post Tax) (X)3.54-
Enterprise Value (Cr.)69.3131.7474.9091.53169.13
EV / Net Operating Revenue (X)1.661.350.981.124.58
EV / EBITDA (X)4.48-2.642.044.23-149.22
MarketCap / Net Operating Revenue (X)1.691.401.011.203.54
Price / BV (X)-0.34-0.15-0.29-0.40-0.55
Price / Net Operating Revenue (X)1.691.401.011.203.54

Golden Tobacco Ltd Profitability Ratios (%)

Golden Tobacco Ltd Liquidity Ratios

Golden Tobacco Ltd Liquidity Ratios (%)

Golden Tobacco Ltd Interest Coverage Ratios (%)

Golden Tobacco Ltd Valuation Ratios

Fair Value of Golden Tobacco Ltd Stock

Fair Value: ₹343.70

The stock is undervalued by 492.58% compared to the current price ₹58

*Investments are subject to market risks

Strength and Weakness of Golden Tobacco Ltd Stock

  1. The stock has a low average Working Capital Days of 2.29, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of 6.47 and average Dividend Yield of 9.55%.
  2. The stock has a low average ROCE of -1.74%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 519.92, which may not be favorable.
  4. The company has higher borrowings (98.51) compared to reserves (-161.48), which may suggest financial risk.
  5. The company has not shown consistent growth in sales (60.17) and profit (-19.28).

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Golden Tobacco Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE