BSE: 500151 | NSE: GOLDENTOBC | Cigarettes/Tobacco | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Golden Tobacco Ltd is a average quality company.
The key valuation ratios of Golden Tobacco Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| 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 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 | -2.4% | 6.3% | -33.1% | -20.5% | ||||
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 |
Sales growth is good in last 4 quarters at 157.65%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -20.09%
Net Profit has been subdued in last 3 years 0.00%
| 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 ⓘ | 25.81 | 10.10 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 36.00 / 60.90 |
| All Time Low / High (₹) | 3.65 / 750.00 |
| Market Cap (₹ Cr.) | 69.8 |
| Equity (₹ Cr.) | 17.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 29 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
| 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 |
| Exceptional Items ⓘ | 0 | -4.87 | 2.88 | 0 | 0 | 0 | 0 | 7.82 | 21.54 | -3.14 |
| 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% |
| 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 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
| 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 | ||||||||||
| 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 |
| Net Fixed Assetsⓘ | 26.30 | 25.42 | 24.39 | 19.05 | 18.26 | 17.40 | 15.11 | 14.48 | 7.72 | 7.26 |
| 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 |
| 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 |
| 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 | 33 | 30 | 29 | 29 | 36 | 22 | 23 | 33 | 14 |
| Inventory Days | 255 | 223 | 253 | 276 | 259 | 263 | 115 | 73 | 153 | 149 |
| Payable Days | 154 | 210 | 288 | 508 | 586 | 603 | 301 | 1,109 | 468 | 138 |
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.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
