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Golden Tobacco Ltd. Stock Analysis

Small Cap
Evaluated by 267 users | BSE: 500151 | NSE: GOLDENTOBC |
Cigarettes/Tobacco
Golden Tobacco (GTL) incorporated in 1955, is engaged in manufacturing of cigarettes and tobacco-related products. The company’s manufacturing units is located in Mumbai and Vadodara. The company converted into a public limited company in 1971 and became a part of the Dalmia Group in...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed -2.77%-13.61%-8.42%-20.59%-13.27%54.79%25.68%9.65%-5.4%-19.92%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 86.596.171.368.970.351.644.73781.976.1
Y-o-Y Gr. Rt.-11.1%-25.8%-3.4%2%-26.6%-13.3%-17.4%121.6%-7.1%
Adjusted EPS (Rs.) -8.27-19.26-16.41-22.64-13.56-17.32-20.64-16.87-5.2312.1
Y-o-Y Gr. Rt.-NANANANANANANANANA
Book Value per Share (Rs.) 23.193.92-12.59-37.28-49.73-69.56-90.35-101.62-106.31-91.02
Adjusted Net Profit -14.6-33.9-28.9-39.8-23.9-30.5-36.3-29.7-9.221.3
Net Op. Cash Flow (Rs. Cr.) 22.5-36.623.59.312.76.422.52.363.322.5
Debt to Cash Flow from Ops 4.34-4.166.2315.585.799.322.1820.900
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Golden Tobacco Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -1.4%1.6%19.4%-7.1%
Adjusted EPS NANANANA
Book Value per Share -216.4000
Share Price -10.3% -12.8% -26.6% -24.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -17.75-90.84-562.75127.0237.1632.8828.2818.955.37-13.06
Operating Profit Margin (%) -27.8-35.1-7.76-20.78-0.93-14.2-26.3-45.9213.0631
Net Profit Margin (%) -16.84-35.27-40.48-57.82-33.96-59.09-81.21-80.31-11.2427.98
Debt to Equity 2.422.04-6.62-2.21-0.84-0.49-0.31-0.2700
Working Capital Days 6517681,0179611,0931,2251,2051,252667608
Cash Conversion Cycle 2402202051691481147534-212-319
Entity Percentage Holding
Promoters 30.04%
Institutions 0.10%
Non-Institutions 69.86%
Pledged *0.000.000.000.000.820.820.820.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Golden Tobacco Ltd.'s performance infers:

Golden Tobacco Ltd. earnings have grown by 0%, whereas share price has depreciated -12.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Golden Tobacco Ltd. share prices over the last 10 years. Here is what we found out:

Golden Tobacco Ltd. share price has depreciated -13.1% annually over the past ten years.

Golden Tobacco (GTL) incorporated in 1955, is engaged in manufacturing of cigarettes and tobacco-related products. The company’s manufacturing units is located in Mumbai and Vadodara. The company converted into a public limited company in 1971 and became a part of the Dalmia Group in 1979.

The company offers cigarette brands like Panama, Taj, Golden`s Goldflake in plain and filters and Chancellor, Flair, Esquire, and Style in the filter segment. Clove

Golden Tobacco (GTL) incorporated in 1955, is engaged in manufacturing of cigarettes and tobacco-related products. The company’s manufacturing units is located in Mumbai and Vadodara. The company converted into a public limited company in 1971 and became a part of the Dalmia Group in 1979.

The company offers cigarette brands like Panama, Taj, Golden`s Goldflake in plain and filters and Chancellor, Flair, Esquire, and Style in the filter segment. Clove cigarettes and Ms Special Filter (for women) are recent inclusions. It is working on developing products consisting of a mix of tobacco and other plant-based ingredients. GTL has two cigarette-manufacturing units in Baroda and Mumbai. Apart from cigarettes, the company also manufactures processed tobacco. The company is ISO 9001:2000 certified by the accreditation agency RWTUV. It has its own fully equipped printing press to produce all its packaging material under one roof. Subsidiaries of the company include Golden Investment (Sikkim), Western Express Industries and GTC INC. B.V.

The company currently sells about 900 million cigarettes per month through a wide network in India. It exports cigarettes like Chancellor, Panama, Style, Esquire, Flair, Little Cigars, Slim etc, to USA, Central America, Africa and the Middle East. In July, 2007, the company came out of the purview of the Board for Industrial and Financial Reconstruction (BIFR) and had reported a positive net worth of Rs 388.2 million for the financial year 2006-2007.

Manufacturing units

Company's first manufacturing zone is a primary manufacturing division which is a tobacco processing plant located at Vadodara. This unit caters to the needs of the factory, as well as the requirements of Mumbai unit.

Company’s second unit located in Mumbai is a secondary manufacturing division which is engaged in making and packing of cigarettes.

The company imports various material required in manufacturing and packaging  from countries like Germany, Italy, China, Japan, France, Malaysia, Indonesia; U.S, Netherlands, Singapore, U.K, Pakistan and Switzerland.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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