Is Golden Tobacco Ltd (GOLDENTOBC) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Golden Tobacco Ltd is a average quality company .

Is Golden Tobacco Ltd (GOLDENTOBC) undervalued or overvalued?

The key valuation ratios of Golden Tobacco Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Golden Tobacco Ltd (GOLDENTOBC) share price return in the past 10 years?

Golden Tobacco Ltd share price has declined -3.8% annually (CAGR) over the past ten years.

Is Golden Tobacco Ltd (GOLDENTOBC) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Golden Tobacco Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Golden Tobacco Ltd (GOLDENTOBC)?

Company share prices are keep on changing according to the market conditions. The current trading price of Golden Tobacco Ltd (GOLDENTOBC) on 07-May-2026 13:20:00 at 13:20 is 27.70.

What is the P/E ratio of Golden Tobacco?

The latest standalone P/E ratio of Golden Tobacco as of 07-May-2026 is 17.58.

What is the P/B ratio of Golden Tobacco Ltd (GOLDENTOBC)?

The latest standalone P/B ratio of Golden Tobacco Ltd (GOLDENTOBC) as of 07-May-2026 is 0.00.

What is the 52-week high and low of Golden Tobacco Ltd (GOLDENTOBC)?

The 52-week high of Golden Tobacco Ltd (GOLDENTOBC) is Rs. 38.43 and the 52-week low is Rs. 20.45.

Golden Tobacco Ltd (GOLDENTOBC) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: Golden Tobacco Ltd (GOLDENTOBC)
Brand: Golden Tobacco

Key Metrics

Market Cap

₹48 Cr.

P/E Ratio

17.58

Price to Book (P/B)

0.00

Price to Sales (P/S)

1.46

EV/EBITDA

4.59

Return on Capital Employed (ROCE)

0.00%

Current Price

₹27.7

Return on Equity (ROE)

0.00%

Return on Assets (ROA)

3.48%

Operating Profit Margin

27.5%

Net Profit Margin

18.29%

Gross Profit Margin

26.4%

Book Value per Share

₹0

Sales Growth (YoY)

78.36%

Sales Growth (3 Years)

-20.09%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

2.5%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹20 / 38

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.00%

Promoter Holding

29.77%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Golden Tobacco Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of -4% based on the current price.

Q.1 Revenue growth of Golden Tobacco Ltd?

Golden Tobacco Ltd revenue growth is 78.4% for FY-2021, which is above its 5-year CAGR of -1.35%, indicating faster growth.

Q.1 Which industry/sub-sector does Golden Tobacco Ltd belong to?

Golden Tobacco Ltd belongs to the FMCG sector, operating specifically within the Cigarettes/Tobacco segment.

Q.1 Promoter shareholding and pledge status of Golden Tobacco Ltd?

Promoters hold 29.77% of the Golden Tobacco Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Golden Tobacco Ltd vs industry peers?

Golden Tobacco Ltd revenue CAGR is -1.35%, compared to the industry median CAGR of 2.43%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on Golden Tobacco

Based on:

Data

M-Cap below 100cr DeciZen not available

Golden Tobacco stock performance

Key Ratios

Is Golden Tobacco Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	TTM
ROCE % ⓘ	-4.5%	-19.8%	11.3%	0%	0%	0%	0%	0%	0%	0%	-
Value Creation Index ⓘ	NA	NA	NA	NA	NA	NA	NA	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	71.3	68.9	70.3	51.6	44.7	37	81.9	76.1	23.4	41.8	33
Sales YoY Gr.	-	-3.4%	2%	-26.6%	-13.3%	-17.4%	121.6%	-7.1%	-69.2%	78.4%	-
Adj EPS ⓘ	-16.4	-22.6	-13.6	-17.3	-20.6	-16.9	-5.2	12.1	-9.9	5.5	1.5
YoY Gr.	-	NA	NA	NA	NA	NA	NA	NA	-181.5%	NA	-
BVPS (₹) ⓘ	-12.6	-37.3	-49.7	-69.6	-90.4	-101.6	-106.3	-91	-92.7	-87	0
Adj Net Profit ⓘ	-28.9	-39.8	-23.9	-30.5	-36.3	-29.7	-9.2	21.3	-17.4	9.7	3
Cash Flow from Ops. ⓘ	23.5	9.3	12.7	6.4	22.5	2.3	63.3	22.5	20.8	-0.1	-
Debt/CF from Ops. ⓘ	6.2	15.6	5.8	9.3	2.2	20.9	0	0	0.1	-15.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-5.8%	-1.4%	-20.1%	78.4%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	NA	NA	NA	NA
Share Price	-3.8%	-8.9%	-17.8%	-23.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	TTM
Return on Equity % ⓘ	-562.8	127	37.2	32.9	28.3	19	5.4	-13.1	11.4	-6.5	-3.5
Op. Profit Mgn % ⓘ	-7.8	-20.8	-0.9	-14.2	-26.3	-45.9	13.1	31	-58.8	27.6	24.4
Net Profit Mgn % ⓘ	-40.5	-57.8	-34	-59.1	-81.2	-80.3	-11.2	28	-74.1	23.2	8.3
Debt to Equity ⓘ	-6.6	-2.2	-0.8	-0.5	-0.3	-0.3	0	0	-0	-0	-
Working Cap Days ⓘ	1,017	961	1,093	1,225	1,205	1,252	667	608	1,334	1,762	216
Cash Conv. Cycle ⓘ	205	169	148	114	75	34	-212	-319	-84	-26	-4,104

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	1.5	3.9
TTM Sales (₹ Cr.)	32.7	32.7
BVPS (₹) ⓘ	0	0
Reserves (₹ Cr.) ⓘ	-178	-233
P/BV ⓘ	0.00	0.00
PE ⓘ	17.58	6.88

From the Market
52 Week Low / High (₹)	20.45 / 38.43
All Time Low / High (₹)	3.65 / 750.00
Market Cap (₹ Cr.)	47.5
Equity (₹ Cr.)	17.6
Face Value (₹)	10
Industry PE ⓘ	19.9

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Golden Tobacco - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21
Sales	71.33	68.90	70.29	51.59	44.73	36.96	81.89	76.08	23.43	41.79
Operating Expenses ⓘ +	77.22	83.49	71.10	59.13	56.84	53.96	71.24	52.54	37.27	30.32
Manufacturing Costs	11.50	13.19	11.37	9.70	9.64	9.10	9.09	6.91	4.79	2.74
Material Costs	36.97	28.69	28.80	18.55	17.22	18.11	37.90	10.05	13.82	14.91
Employee Cost	10.84	13.07	12.43	11.58	11.01	11.71	8.59	8.03	7.15	4.80
Other Costs ⓘ	17.92	28.54	18.51	19.29	18.97	15.05	15.65	27.55	11.50	7.87
Operating Profit ⓘ	-5.88	-14.59	-0.82	-7.54	-12.11	-17	10.65	23.54	-13.84	11.47
Operating Profit Margin (%)	-8.2%	-21.2%	-1.2%	-14.6%	-27.1%	-46.0%	13.0%	30.9%	-59.1%	27.4%
Other Income ⓘ +	0.57	0.55	2.70	1.19	1.29	15.61	11.09	13.19	1.88	4.06
Exceptional Items ⓘ	0	-4.87	2.88	0	0	0	0	7.82	21.54	-3.14
Interest ⓘ	22.66	23.25	25.58	23.07	24.71	27.45	24.55	15.99	10.85	4.28
Depreciation ⓘ	1.05	1.25	1.09	1.21	1.04	0.87	0.75	0.62	1.01	0.47
Profit Before Tax ⓘ	-29.03	-43.42	-21.90	-30.63	-36.57	-29.71	-3.56	27.93	-2.29	7.64
Tax ⓘ	0.01	0	0	0	0	0	4.48	0.64	-0.64	0
Profit After Tax	-29.05	-43.42	-21.90	-30.63	-36.57	-29.71	-8.05	27.29	-1.65	7.64
PAT Margin (%)	-40.7%	-63.0%	-31.2%	-59.4%	-81.7%	-80.4%	-9.8%	35.9%	-7.0%	18.3%
Adjusted EPS (₹)	-16.5	-24.7	-12.5	-17.4	-20.8	-16.9	-4.6	15.5	-0.9	4.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21
Equity and Liabilities
Shareholders Fund +	-9.54	-53.19	-75.28	-110.16	-146.72	-166.54	-176.48	-149.59	-155.56	-145.49
Share Capital ⓘ	17.59	17.59	17.59	17.59	17.59	17.59	17.59	17.59	17.59	17.59
Reserves ⓘ	-27.13	-70.78	-92.87	-127.74	-164.31	-184.13	-194.07	-167.18	-173.14	-163.08
Debt +	145.31	69.06	67.37	52.73	46.86	40.55	0	0	2	2
Long Term Debt	102.46	27.72	29.34	15.81	9.43	3.11	0	0	0	0
Short Term Debt	42.85	41.33	38.03	36.92	37.43	37.43	0	0	2	2
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	12.52	20.55	24.93	26.75	28.54	31.28	31.22	29.87	5.58	5.69
Others Liabilities ⓘ	235.07	348.69	376.07	407.31	419.60	427.21	428.77	372.45	380.85	344.88
Total Liabilities ⓘ	383.36	385.10	393.08	376.63	348.28	332.49	283.51	252.73	232.87	207.09
Fixed Assets
Net Fixed Assets ⓘ +	26.30	25.42	24.39	19.05	18.26	17.40	15.11	14.48	7.72	7.26
Gross Block	98.12	98.50	116.01	116.11	116.36	18.27	16.72	16.72	10.71	10.72
Accumulated Depreciation	71.82	73.08	91.62	97.06	98.11	0.87	1.61	2.24	2.99	3.46
CWIP ⓘ	0	0	0	0	0	0	0.20	0.32	0	0
Investments ⓘ	8.64	8.64	8.64	8.64	8.64	14.03	13.69	13.26	4.20	3.09
Inventories	78.19	82.57	80.58	77.45	66.05	64.07	30.06	26.58	23.98	10.75
Trade Receivables	14.35	9.61	9.81	6.99	8.92	8.68	9.62	7.78	3	0.30
Cash Equivalents	3.61	2.54	4.40	1.77	1.77	2.30	6.94	1.98	3.01	3.25
Others Assets ⓘ	252.26	256.32	265.24	262.74	244.63	226.02	207.89	188.33	190.97	182.43
Total Assets ⓘ	383.36	385.10	393.08	376.63	348.28	332.49	283.51	252.73	232.87	207.09

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21
Cash Flow From Operating Activity ⓘ +	23.53	9.31	12.67	6.41	22.46	2.27	63.25	22.51	20.77	-0.13
PBT ⓘ	-29.03	-38.54	-24.78	-30.63	-36.57	-29.71	-3.56	27.93	-2.29	7.64
Adjustment ⓘ	23.72	31.04	22.04	23.37	25.54	16.58	15.07	-98.11	-17.77	6.58
Changes in Working Capital ⓘ	28.85	16.82	15.44	13.7	33.51	15.73	35.88	93.55	41.19	-14.06
Tax Paid ⓘ	0	-0.01	-0.01	-0.02	-0.03	-0.33	15.86	-0.86	-0.35	-0.29
Cash Flow From Investing Activity ⓘ +	-2.97	-0.32	0.17	0.20	0.04	0.43	7.59	1.06	5.85	0.38
Capex	-3.17	-0.57	-0.16	-0.10	-0.25	-0.01	1.37	0.79	0.88	0.22
Net Investments	0	0	0	0	0	0	0	0	4.62	0
Others ⓘ	0.20	0.25	0.33	0.30	0.29	0.44	6.22	0.27	0.36	0.15
Cash Flow From Financing Activity ⓘ +	-20.70	-10.02	-11.04	-9.08	-22.20	-2.22	-70.11	-24.95	-26.05	0
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	-1.69	-1.95	-2.69	0	0	0	0	0
Interest Paid ⓘ	-22.66	-8.48	-9.36	-7.13	-19.51	-2.22	-2.97	-1.59	-15.29	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	1.96	-1.54	0	-0	0	-0	-67.14	-23.37	-10.76	0
Net Cash Flow ⓘ	-0.13	-1.03	1.81	-2.46	0.30	0.48	0.73	-1.38	0.58	0.24

Finance Ratio

PARTICULARS	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	0.32	0.34	0.3	0.27	0.28	0.26	0.49	0.53	0.25	0.19
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.82	N/A	-0.02
Working Capital Days
Receivable Days	44.20	33.20	30.10	29.30	28.80	35.60	22.30	22.50	32.60	14.10
Inventory Days	254.80	222.80	253.20	275.50	259.20	263.50	114.90	73.20	153.10	148.70
Payable Days	153.70	210.40	288.20	508.30	586	603	300.90	1,109.30	467.90	137.90

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Golden Tobacco Ltd FAQs

The current trading price of Golden Tobacco on 07-May-2026 13:20 is ₹27.70.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-May-2026 the market cap of Golden Tobacco stood at ₹47.54 Cr

The latest P/E ratio of Golden Tobacco as of 06-May-2026 is 17.58.

The latest P/B ratio of Golden Tobacco as of 06-May-2026 is 0.00.

The 52-week high of Golden Tobacco is ₹38.43 and the 52-week low is ₹20.45.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Golden Tobacco is ₹32.66 ( Cr.) .

About Golden Tobacco Ltd

Golden Tobacco (GTL) incorporated in 1955, is engaged in manufacturing of cigarettes and tobacco-related products. The companyâ€™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.

Companyâ€™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.

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Golden Tobacco Ltd (GOLDENTOBC) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Golden Tobacco Share Price