About Golden Tobacco Limited
Data last updated:
Golden Tobacco Limited is a public limited company based in Vadodara, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the tobacco products and alternatives segment of the FMCG sector. It was incorporated on 28 June 1955.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L16000GJ1955PLC067605. Its GSTIN is 24AAACG1421A2ZM (Gujarat). The company holds 17 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500151 and NSE: GOLDENTOBC.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹17.59 Cr. It was formerly known as Golden Tobacco Company Private Limited and Golden Tobacco Company Limited. It is led by directors including Pawan Kumar Malsaria (Whole-Time Director) and Jignesh Bhailal Engineer.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Darjipura Post – Amaliya, Vadodara, Gujarat, India – 390022.
As per the latest consolidated financials for FY 2020-21, the company reported a revenue of ₹41.79 Cr, a growth of 78.4% compared to the previous year. For the same year it recorded a net profit of ₹10.53 Cr (net margin 25.2%) and EBITDA of ₹8.28 Cr (EBITDA margin 19.8%).
Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Golden Tobacco. As per MCA filings, the company has open charges of ₹178.62 Cr and satisfied charges of ₹79.41 Cr on record. Court records list 772 cases involving the company, including 285 filed by the company and 487 filed against it; 150 cases are pending. The company has 134 deals on record (133 market trades, 1 acquisition); the latest was in April 2022. Its 4 peer companies in the FMCG industry (Tobacco Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 2 smaller; the largest is Raja Biri Private Limited with revenue of ₹46.31 Cr. The company has 7 MSME Form 1 returns on record between 2016 and 2020, listing 113 overdue payments to 9 micro and small suppliers.
The last known website on record is goldentobacco.in.
Company details
Name history
Golden Tobacco has undergone 3 name changes throughout its history. The company was previously known as Golden Tobacco Company Private Limited, Golden Tobacco Company Limited, and Gtc Industries Limited. The current legal name is Golden Tobacco Limited.
| Company Name | Status |
|---|---|
| Golden Tobacco Limited | Current |
| Golden Tobacco Company Private Limited | Previous |
| Golden Tobacco Company Limited | Previous |
| Gtc Industries Limited | Previous |
CIN history
Golden Tobacco has one previous CIN (Corporate Identification Number): L16000MH1955PLC009584. The current CIN is L16000GJ1955PLC067605, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L16000GJ1955PLC067605 | Current |
| L16000MH1955PLC009584 | Previous |
Contact details
Golden Tobacco Limited's registered office is in Vadodara, Gujarat. Its website is goldentobacco.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDarjipura Post – Amaliya, Vadodara, Gujarat, India – 390022
- IndustryFMCG, Tobacco Products & Alternatives
To see the full contact details of Golden Tobacco Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Golden Tobacco operates one associated brand: Golden Tobacco. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tobacco products including cigarettes and cigars are manufactured and exported. | goldentobacco.in |
Business activity
The main business activity of Golden Tobacco is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Golden Tobacco Limited, buy the company report.
Financials of Golden Tobacco Limited
FY 2020-21 filings availableGolden Tobacco Limited reported revenue of ₹41.79 Cr (up 78.4% YoY) for FY 2020-21.
Financial Highlights
FY 2020-21 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 41.79 | 23.42 | 76.08 | 81.92 | 36.96 | 44.73 | 51.59 |
| Revenue growth | +78.4% | -69.2% | -7.1% | +121.7% | -17.4% | -13.3% | - |
| EBITDA | 8.28 | (21.68) | (28.25) | 10.60 | (16.69) | (12.26) | (7.81) |
| EBITDA margin | +19.8% | -92.6% | -37.1% | +12.9% | -45.2% | -27.4% | -15.1% |
| Profit before tax | 7.62 | (2.22) | 27.91 | (3.60) | (29.39) | (36.71) | (33.20) |
| Net profit | 10.53 | (24.10) | 18.85 | (9.79) | (29.39) | (36.71) | (30.95) |
| Net profit margin | +25.2% | -102.9% | +24.8% | -12.0% | -79.5% | -82.1% | -60.0% |
| EPS (₹) | 4.34 | (0.90) | 15.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Balance sheet | |||||||
| Total assets | (202) | (212) | (208) | (235) | (177) | (150) | 81.26 |
| Net worth | (204) | (214) | (208) | (235) | (225) | (206) | (169) |
| Total debt | 2.00 | 2.00 | 0.00 | 0.00 | 47.40 | 48.95 | 59.92 |
| Cash & bank | 3.30 | 3.06 | 2.04 | 6.96 | 2.36 | 1.83 | 1.88 |
| Net working capital | (335) | (355) | (364) | (454) | (392) | (370) | (177) |
| Cash flow | |||||||
| Cash from operations | (0.15) | 20.75 | 24.54 | 63.21 | 0.83 | 17.63 | 96.76 |
| Cash from investing | 0.39 | 5.86 | 1.07 | 7.60 | 0.44 | 0.05 | 0.26 |
| Cash from financing | 0.00 | (26.05) | (26.95) | (70.11) | (0.79) | (17.42) | (99.60) |
| Particulars | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.80 | 1.98 | 0.90 | 25.98 | 4.65 | 10.98 | 0.18 | 6.03 |
| Revenue growth (YoY) | -18.3% | -82.0% | +400.0% | +330.9% | - | - | - | - |
| Other income | 0.03 | 5.43 | 0.76 | 1.24 | 0.08 | 2.70 | 0.08 | 0.37 |
| EBITDA | (0.41) | (1.79) | (3.21) | 10.14 | 0.52 | 0.66 | (3.08) | (1.50) |
| EBITDA margin | -10.8% | -90.4% | -356.7% | +39.0% | +11.2% | +6.0% | -1711.1% | -24.9% |
| Depreciation | 0.14 | 0.14 | 0.11 | 0.12 | 0.12 | 0.12 | 0.11 | 0.25 |
| Interest | 1.03 | 1.18 | 0.99 | 0.96 | 1.03 | 1.15 | 1.10 | 1.23 |
| Profit before tax | (1.55) | 2.32 | (3.55) | 10.30 | (0.55) | 2.09 | (4.21) | (2.61) |
| Tax | 0.00 | 0.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
| Net profit | (1.55) | 1.71 | (3.55) | 10.30 | (0.55) | 2.09 | (4.21) | (2.63) |
| EPS (₹) | (0.88) | 0.98 | (2.02) | 5.86 | (0.31) | 1.19 | (2.40) | (1.49) |
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 41.79 | 23.42 | 76.08 | 81.88 | 36.96 | 44.73 | 51.59 |
| Revenue growth | +78.4% | -69.2% | -7.1% | +121.5% | -17.4% | -13.3% | - |
| EBITDA | 8.32 | (21.74) | (28.22) | 10.64 | (17.00) | (12.11) | (7.53) |
| EBITDA margin | +19.9% | -92.8% | -37.1% | +13.0% | -46.0% | -27.1% | -14.6% |
| Profit before tax | 7.63 | (2.28) | 27.94 | (3.57) | (29.71) | (36.57) | (30.62) |
| Net profit | 10.54 | (24.04) | 18.88 | (9.76) | (29.71) | (36.57) | (30.62) |
| Net profit margin | +25.2% | -102.7% | +24.8% | -11.9% | -80.4% | -81.8% | -59.4% |
| EPS (₹) | 4.35 | (0.94) | 15.52 | 0.00 | 0.00 | 0.00 | 0.00 |
| Balance sheet | |||||||
| Total assets | (143) | (154) | (150) | (176) | (119) | (91.20) | 140 |
| Net worth | (145) | (156) | (150) | (176) | (167) | (147) | (110) |
| Total debt | 2.00 | 2.00 | 0.00 | 0.00 | 47.40 | 48.90 | 59.77 |
| Cash & bank | 3.25 | 3.01 | 1.98 | 6.94 | 2.30 | 1.77 | 1.77 |
| Net working capital | (335) | (355) | (364) | (412) | (350) | (328) | (115) |
| Cash flow | |||||||
| Cash from operations | (0.13) | 20.77 | 22.51 | 63.25 | 2.27 | 22.46 | 6.41 |
| Cash from investing | 0.38 | 5.85 | 1.06 | 7.59 | 0.43 | 0.04 | 0.20 |
| Cash from financing | 0.00 | (26.05) | (24.95) | (70.11) | (2.22) | (22.20) | (9.08) |
| Particulars | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.80 | 1.98 | 0.90 | 25.98 | 4.65 | 10.98 | 0.18 | 6.03 |
| Revenue growth (YoY) | -18.3% | -82.0% | +400.0% | +330.9% | - | - | - | - |
| Other income | 0.03 | 0.55 | 0.76 | 1.22 | 0.08 | 2.69 | 0.08 | 0.37 |
| Total expenses | 4.20 | 3.72 | 4.10 | 15.82 | 4.12 | 10.31 | 3.25 | 7.61 |
| EBITDA | (0.40) | (1.74) | (3.20) | 10.16 | 0.53 | 0.67 | (3.07) | (1.58) |
| EBITDA margin | -10.5% | -87.9% | -355.6% | +39.1% | +11.4% | +6.1% | -1705.6% | -26.2% |
| Depreciation | 0.14 | 0.14 | 0.11 | 0.12 | 0.12 | 0.12 | 0.11 | 0.26 |
| Interest | 1.03 | 1.18 | 0.99 | 0.95 | 1.03 | 1.15 | 1.10 | 1.23 |
| Profit before tax | (1.54) | (2.51) | (3.54) | 10.31 | (0.54) | 2.09 | (4.20) | (2.70) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.80 | 1.98 | 0.90 | 25.98 | 4.65 | 10.98 | 0.18 | 6.03 |
| Revenue growth (YoY) | -18.3% | -82.0% | +400.0% | +330.9% | - | - | - | - |
| Other income | 0.03 | 5.43 | 0.76 | 1.24 | 0.08 | 2.70 | 0.08 | 0.37 |
| EBITDA | (0.41) | (1.79) | (3.21) | 10.14 | 0.52 | 0.66 | (3.08) | (1.50) |
| EBITDA margin | -10.8% | -90.4% | -356.7% | +39.0% | +11.2% | +6.0% | -1711.1% | -24.9% |
| Depreciation | 0.14 | 0.14 | 0.11 | 0.12 | 0.12 | 0.12 | 0.11 | 0.25 |
| Interest | 1.03 | 1.18 | 0.99 | 0.96 | 1.03 | 1.15 | 1.10 | 1.23 |
| Profit before tax | (1.55) | 2.32 | (3.55) | 10.30 | (0.55) | 2.09 | (4.21) | (2.61) |
| Tax | 0.00 | 0.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
| Net profit | (1.55) | 1.71 | (3.55) | 10.30 | (0.55) | 2.09 | (4.21) | (2.63) |
| EPS (₹) | (0.88) | 0.98 | (2.02) | 5.86 | (0.31) | 1.19 | (2.40) | (1.49) |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Revenue | 41.79 | 23.42 | 76.08 | 81.92 | 36.96 | 44.73 | 51.59 |
| Revenue growth | +78.4% | -69.2% | -7.1% | +121.7% | -17.4% | -13.3% | - |
| Other income | 4.09 | 31.32 | 72.77 | 11.10 | 15.62 | 1.30 | 1.25 |
| Total expenses | 33.51 | 45.10 | 104 | 71.32 | 53.65 | 56.99 | 59.40 |
| Employee cost | 4.80 | 7.15 | 8.03 | 8.59 | 11.71 | 11.01 | 11.58 |
| EBITDA | 8.28 | (21.68) | (28.25) | 10.60 | (16.69) | (12.26) | (7.81) |
| EBITDA margin | +19.8% | -92.6% | -37.1% | +12.9% | -45.2% | -27.4% | -15.1% |
| Depreciation | 0.47 | 1.01 | 0.62 | 0.75 | 0.87 | 1.04 | 1.21 |
| Interest | 4.28 | 10.85 | 15.99 | 24.55 | 27.45 | 24.71 | 25.43 |
| Profit before tax | 7.62 | (2.22) | 27.91 | (3.60) | (29.39) | (36.71) | (33.20) |
| Tax | 0.00 | (0.62) | 0.64 | 4.48 | 0.00 | 0.00 | 0.00 |
| Net profit | 10.53 | (24.10) | 18.85 | (9.79) | (29.39) | (36.71) | (30.95) |
| Net profit margin | +25.2% | -102.9% | +24.8% | -12.0% | -79.5% | -82.1% | -60.0% |
| EPS (₹) | 4.34 | (0.90) | 15.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 |
| Reserves & surplus | (222) | (232) | (226) | (253) | (242) | (223) | (187) |
| Shareholders' funds (net worth) | (204) | (214) | (208) | (235) | (225) | (206) | (169) |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 38.05 | 44.36 | 57.27 |
| Unsecured loans | 2.00 | 2.00 | 0.00 | 0.00 | 9.35 | 4.59 | 2.65 |
| Total debt | 2.00 | 2.00 | 0.00 | 0.00 | 47.40 | 48.95 | 59.92 |
| Total liabilities | (202) | (212) | (208) | (235) | (177) | (150) | 81.26 |
| Assets | |||||||
| Gross block | 11.39 | 11.38 | 17.39 | 17.39 | 18.94 | 117 | 117 |
| Net block | 7.93 | 8.39 | 15.15 | 15.78 | 18.07 | 18.92 | 19.71 |
| Capital work in progress | 0.00 | 0.00 | 0.32 | 0.20 | 0.00 | 0.00 | 0.00 |
| Investments | 1.19 | 2.26 | 11.38 | 11.72 | 12.12 | 6.29 | 6.29 |
| Inventories | 10.75 | 23.98 | 26.58 | 30.06 | 64.07 | 66.05 | 77.45 |
| Sundry debtors | 0.30 | 3.00 | 7.78 | 9.63 | 8.68 | 8.92 | 6.99 |
| Cash & bank balances | 3.30 | 3.06 | 2.04 | 6.96 | 2.36 | 1.83 | 1.88 |
| Loans & advances | 0.95 | 1.37 | 1.04 | 0.91 | 20.76 | 2.51 | 2.63 |
| Total current assets | 15.30 | 31.41 | 37.44 | 47.56 | 95.87 | 79.31 | 88.95 |
| Total current liabilities | 351 | 386 | 402 | 502 | 488 | 449 | 266 |
| Net working capital | (335) | (355) | (364) | (454) | (392) | (370) | (177) |
| Total assets | (202) | (212) | (208) | (235) | (177) | (150) | 81.26 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.92 | 0.35 | 1.69 | 1.00 | 0.52 | 0.26 | 2.85 |
| Net cash from operating activities | (0.15) | 20.75 | 24.54 | 63.21 | 0.83 | 17.63 | 96.76 |
| Net cash from investing activities | 0.39 | 5.86 | 1.07 | 7.60 | 0.44 | 0.05 | 0.26 |
| Net cash from financing activities | 0.00 | (26.05) | (26.95) | (70.11) | (0.79) | (17.42) | (99.60) |
| Net change in cash | 0.24 | 0.56 | (1.34) | 0.69 | 0.48 | 0.26 | (2.58) |
| Closing cash | 3.30 | 3.06 | 2.04 | 6.96 | 2.36 | 1.83 | 1.88 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +78.4% | -69.2% | -7.1% | +121.7% | -17.4% | -13.3% | - |
| EBITDA growth | +138.2% | +23.3% | -366.5% | +163.5% | -36.1% | -57.0% | - |
| PBT growth | +9998.0% | - | +9998.0% | +87.8% | +19.9% | -10.6% | +3.4% |
| Net income growth | +143.7% | -227.9% | +292.5% | +66.7% | +19.9% | -18.6% | - |
| Revenue CAGR (3Y) | -20.1% | -14.1% | +19.4% | +16.7% | -19.3% | -13.4% | - |
| EBITDA CAGR (3Y) | -7.9% | +9.1% | +32.1% | - | +158.2% | -14.5% | - |
| Profitability & leverage | |||||||
| Net income margin | +18.2% | -6.8% | +35.8% | -9.9% | -79.5% | -82.1% | -64.4% |
| Return on capital employed | -21.8% | 0.0% | -44.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | -15.0% | 0.0% | -23.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 54.80 | -47.82 | -55.39 | 249.24 | -156.32 | -185.79 | -281.93 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 11.29 | 11.48 | 20.99 | 22.48 | 1.62 | 0.97 | 1.00 |
| Inventory turnover | 2.45 | 2.38 | 4.98 | 3.18 | 1.39 | 1.41 | 1.32 |
| Debtors turnover | 25.82 | 11.18 | 16.22 | 16.34 | 10.24 | 12.70 | 12.46 |
| EPS (₹) | 4.34 | (0.90) | 15.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (120.28) | (126.01) | (124.30) | (139.64) | (134.88) | (124.05) | (103.26) |
| Particulars | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.80 | 1.98 | 0.90 | 25.98 | 4.65 | 10.98 | 0.18 | 6.03 |
| Revenue growth (YoY) | -18.3% | -82.0% | +400.0% | +330.9% | - | - | - | - |
| Other income | 0.03 | 0.55 | 0.76 | 1.22 | 0.08 | 2.69 | 0.08 | 0.37 |
| Total expenses | 4.20 | 3.72 | 4.10 | 15.82 | 4.12 | 10.31 | 3.25 | 7.61 |
| EBITDA | (0.40) | (1.74) | (3.20) | 10.16 | 0.53 | 0.67 | (3.07) | (1.58) |
| EBITDA margin | -10.5% | -87.9% | -355.6% | +39.1% | +11.4% | +6.1% | -1705.6% | -26.2% |
| Depreciation | 0.14 | 0.14 | 0.11 | 0.12 | 0.12 | 0.12 | 0.11 | 0.26 |
| Interest | 1.03 | 1.18 | 0.99 | 0.95 | 1.03 | 1.15 | 1.10 | 1.23 |
| Profit before tax | (1.54) | (2.51) | (3.54) | 10.31 | (0.54) | 2.09 | (4.20) | (2.70) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Revenue | 41.79 | 23.42 | 76.08 | 81.88 | 36.96 | 44.73 | 51.59 |
| Revenue growth | +78.4% | -69.2% | -7.1% | +121.5% | -17.4% | -13.3% | - |
| Other income | 4.06 | 31.32 | 72.77 | 11.09 | 15.61 | 1.29 | 1.19 |
| Total expenses | 33.47 | 45.16 | 104 | 71.24 | 53.96 | 56.84 | 59.12 |
| Employee cost | 4.80 | 7.15 | 8.03 | 8.59 | 11.71 | 11.01 | 11.58 |
| EBITDA | 8.32 | (21.74) | (28.22) | 10.64 | (17.00) | (12.11) | (7.53) |
| EBITDA margin | +19.9% | -92.8% | -37.1% | +13.0% | -46.0% | -27.1% | -14.6% |
| Depreciation | 0.47 | 1.01 | 0.62 | 0.75 | 0.87 | 1.04 | 1.21 |
| Interest | 4.28 | 10.85 | 15.99 | 24.55 | 27.45 | 24.71 | 23.07 |
| Profit before tax | 7.63 | (2.28) | 27.94 | (3.57) | (29.71) | (36.57) | (30.62) |
| Tax | 0.00 | (0.64) | 0.64 | 4.48 | 0.00 | 0.00 | 0.00 |
| Net profit | 10.54 | (24.04) | 18.88 | (9.76) | (29.71) | (36.57) | (30.62) |
| Net profit margin | +25.2% | -102.7% | +24.8% | -11.9% | -80.4% | -81.8% | -59.4% |
| EPS (₹) | 4.35 | (0.94) | 15.52 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 | 17.59 |
| Reserves & surplus | (163) | (173) | (167) | (194) | (184) | (164) | (128) |
| Shareholders' funds (net worth) | (145) | (156) | (150) | (176) | (167) | (147) | (110) |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 38.05 | 44.36 | 57.27 |
| Unsecured loans | 2.00 | 2.00 | 0.00 | 0.00 | 9.35 | 4.54 | 2.50 |
| Total debt | 2.00 | 2.00 | 0.00 | 0.00 | 47.40 | 48.90 | 59.77 |
| Total liabilities | (143) | (154) | (150) | (176) | (119) | (91.20) | 140 |
| Assets | |||||||
| Gross block | 10.72 | 10.71 | 16.72 | 16.72 | 18.27 | 116 | 116 |
| Net block | 7.26 | 7.72 | 14.48 | 15.11 | 17.40 | 18.25 | 19.05 |
| Capital work in progress | 0.00 | 0.00 | 0.32 | 0.20 | 0.00 | 0.00 | 0.00 |
| Investments | 3.09 | 4.20 | 13.26 | 13.69 | 14.03 | 8.64 | 8.64 |
| Inventories | 10.75 | 23.98 | 26.58 | 30.06 | 64.07 | 66.05 | 77.45 |
| Sundry debtors | 0.30 | 3.00 | 7.78 | 9.62 | 8.68 | 8.92 | 6.99 |
| Cash & bank balances | 3.25 | 3.01 | 1.98 | 6.94 | 2.30 | 1.77 | 1.77 |
| Loans & advances | 0.95 | 1.37 | 1.04 | 0.91 | 20.76 | 2.48 | 2.60 |
| Total current assets | 15.25 | 31.36 | 37.38 | 47.53 | 95.81 | 79.22 | 88.81 |
| Total current liabilities | 351 | 386 | 402 | 460 | 446 | 407 | 204 |
| Net working capital | (335) | (355) | (364) | (412) | (350) | (328) | (115) |
| Total assets | (143) | (154) | (150) | (176) | (119) | (91.20) | 140 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.86 | 0.29 | 1.67 | 0.94 | 0.46 | 0.16 | 2.62 |
| Net cash from operating activities | (0.13) | 20.77 | 22.51 | 63.25 | 2.27 | 22.46 | 6.41 |
| Net cash from investing activities | 0.38 | 5.85 | 1.06 | 7.59 | 0.43 | 0.04 | 0.20 |
| Net cash from financing activities | 0.00 | (26.05) | (24.95) | (70.11) | (2.22) | (22.20) | (9.08) |
| Net change in cash | 0.24 | 0.58 | (1.38) | 0.73 | 0.48 | 0.30 | (2.46) |
| Closing cash | 3.25 | 3.01 | 1.98 | 6.94 | 2.30 | 1.77 | 1.77 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +78.4% | -69.2% | -7.1% | +121.5% | -17.4% | -13.3% | - |
| EBITDA growth | +138.3% | +23.0% | -365.2% | +162.6% | -40.4% | -60.8% | - |
| PBT growth | +9998.0% | - | +9998.0% | +88.0% | +18.8% | -19.4% | -39.8% |
| Net income growth | +143.8% | -227.3% | +293.4% | +67.2% | +18.8% | -19.4% | - |
| Revenue CAGR (3Y) | -20.1% | -14.1% | +19.4% | +16.7% | -19.3% | -13.4% | - |
| EBITDA CAGR (3Y) | -7.9% | +8.5% | +32.6% | - | +175.8% | -14.6% | - |
| Profitability & leverage | |||||||
| Net income margin | +18.3% | -7.0% | +35.9% | -9.8% | -80.4% | -81.8% | -59.4% |
| Return on capital employed | -34.9% | 0.0% | -64.6% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | -23.7% | 0.0% | -34.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 54.52 | -47.69 | -55.44 | 248.23 | -153.61 | -187.91 | -263.96 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 12.97 | 12.68 | 22.68 | 24.30 | 1.63 | 0.97 | 1.01 |
| Inventory turnover | 2.45 | 2.38 | 4.98 | 3.18 | 1.39 | 1.41 | 1.32 |
| Debtors turnover | 25.82 | 11.18 | 16.23 | 16.35 | 10.24 | 12.70 | 12.46 |
| EPS (₹) | 4.35 | (0.94) | 15.52 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (86.95) | (92.67) | (91.02) | (106.31) | (101.62) | (90.35) | (69.56) |
To see the full year-wise statements and ratios of Golden Tobacco Limited, buy the company report.
Board of directors of Golden Tobacco Limited
Golden Tobacco has 7 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Kumar Malsaria | Whole-Time Director | 01 Sep 2020 | 6 Years 1 Months | As last reported |
| Jignesh Bhailal Engineer | Director | 11 Sep 2020 | 6 Years 1 Months | As last reported |
| Rajnikant Khodabhai Patel | Director | 09 Jan 2020 | 6 Years 9 Months | As last reported |
| Vinod Shantilal Bhatia Also directs: Hanzo Realtors LLP, Spiral Pack (India) Ltd, Barsopurti Exim Private Limited and 2 more | Director | 23 Sep 2018 | 8 Years 1 Months | As last reported |
| Sunil Dhandhania | Additional Director | 14 Nov 2021 | 4 Years 11 Months | As last reported |
| Prama Raval Shah | Director | 12 Feb 2021 | 5 Years 8 Months | As last reported |
Peer comparison
Golden Tobacco Limited is compared with the 4 companies closest to it by revenue in the FMCG industry (Tobacco Products), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Raja Biri Private Limited | ₹46.31 Cr (FY 2025) | 5.0% | Nadia, West Bengal, India | |||
| Tulip Packaging Private Limited | ₹45.92 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Leaf Fibers Private Limited | ₹43.95 Cr (FY 2025) | 187.0% | New Delhi, Delhi, India | |||
| O2 Industries Private Limited | ₹43.79 Cr (FY 2025) | 26.0% | Murshidabad, West Bengal, India | |||
| Golden Tobacco Limitedthis company | ₹41.79 Cr (FY 2021) | ₹10.53 Cr | 25.2% | 78.4% | Vadodara, Gujarat, India |
To see the full peer comparison of Golden Tobacco Limited, buy the company report.
Auditor
Golden Tobacco Limited is audited by Bagaria & Co LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bagaria & Co LLP | FY 2021 | 113447W/W-100019 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 29.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 70.10%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 29.80% | 29.80% | 29.80% | 29.80% |
| Public | 70.20% | 70.20% | 70.20% | 70.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2010 | 10237678 | Indiabulls Housing Finance Limited | ₹9.5 Cr | Open | |
| 09 Jun 2009 | 10166373 | Canara Bank | ₹7 Cr | Open | |
| 28 Nov 2007 | 10081009 | Indiabulls Housing Finance Limited | ₹20 Cr | Open | |
| 06 May 1999 | 90240573 | Syndicatew Bank | ₹2 Cr | Open | |
| 25 Jan 1996 | 90240175 | Syndicate Bank | ₹1 Cr | Open |
To see the full charge records of Golden Tobacco Limited, buy the company report.
Total charge records: 65 View all charges
Deals & funding
Golden Tobacco Limited has 134 deals on record (133 market trades, 1 acquisition); the latest was in April 2022.
Deals on record (5 of 134)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Market trade | ₹1.15 Cr | Buyer: Alpha Leon Enterprises LLP Seller: Alpha Leon Enterprises LLP |
| Aug 2021 | Market trade | ₹1.3 Cr | Buyer: Alpha Leon Enterprises LLP Seller: Alpha Leon Enterprises LLP |
| Jul 2021 | Market trade | ₹85 Lakh | Buyer: Alpha Leon Enterprises LLP Seller: Alpha Leon Enterprises LLP |
| Jun 2019 | Market trade | ₹2.05 Cr | Buyer: Gems Commercial Co Ltd Seller: RKS Distributors Private Limited , Origin Engineers Private Limited , Spark On Line P Ltd |
| Dec 2018 | Market trade | ₹1.08 Cr | Seller: Globe Capital Market Limited , an individual |
To see the full deal history of Golden Tobacco Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Golden Tobacco Limited has 772 court cases on record: 285 filed by Golden Tobacco, 487 filed against it. 150 cases are pending and 622 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 385 | 171 | 113 |
| District courts | 325 | 285 | 28 |
| Supreme Court | 31 | 7 | 0 |
| NCLT | 17 | 11 | 0 |
| NCLAT | 14 | 13 | 9 |
Cases on record (5 of 772)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Housing Development and Infrastructure Ltd. | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by M/S Star Finsec (P) Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Central Bank of India | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Masonite Trading and Investment Company Private Limited and 7 Ors and 9 others | Pending |
| District court, Central, Delhi | Civil suit | Filed against the company by Gupta and Company Private Limited | Pending |
To see the full case history of Golden Tobacco Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Golden Tobacco Limited was last rated by Icra on 20 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 20 Jan 2022 |
To see the full credit ratings and regulatory alerts of Golden Tobacco Limited, buy the company report.
MSME payment delays
Golden Tobacco Limited has 7 MSME Form 1 returns on record between 2016 and 2020, listing 113 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Snehal Printing Bureau | |||
| KVS Flexifoils | |||
| an individual supplier |
To see the full MSME payment records of Golden Tobacco Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Golden Tobacco has 3 subsidiary companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Golden Realty & Infrastructure Limited | U45203GJ2008PLC080071 | |
| Western Express Industries Limited | U51900GJ1991PLC094523 | |
| Raigadh Papers Limited | U99999MH1971PLC015362 |
To see the full group structure of Golden Tobacco Limited, buy the company report.
GST
Golden Tobacco has 17 GST registrations: 2 active and 15 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG1421A2ZM | Gujarat | Active | 11 Jul 2022 |
| 27AAACG1421A1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Golden Tobacco Limited, buy the company report.
Recent activity
Golden Tobacco Limited has 51 board changes on record since 1989: 29 appointments and 22 cessations. The latest: Sunil Dhandhania was appointed as Additional Director on 14 Nov 2021.
149 earlier events are in the company report.
News
Frequently asked questions
Golden Tobacco is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Golden Tobacco is a company under insolvency, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in tobacco products and alternatives, within the FMCG industry. It was incorporated on 28 June 1955 and is registered under CIN L16000GJ1955PLC067605. Listed on BSE: 500151 and NSE: GOLDENTOBC. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Golden Tobacco reported revenue of ₹41.79 Cr for FY 2020-21 (up 78.4% YoY) based on consolidated financials.
Golden Tobacco has 7 current directors:
- Pawan Kumar Malsaria - Whole-Time Director
- Jignesh Bhailal Engineer - Director
- Rajnikant Khodabhai Patel - Director
- Vinod Shantilal Bhatia - Director
- Sunil Dhandhania - Additional Director
- Prama Raval Shah - Director
- Vikas Dahiya - Director
The latest financial statements of Golden Tobacco on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Golden Tobacco is L16000GJ1955PLC067605. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Golden Tobacco is a listed company as per MCA records. Its shares are listed on both BSE (code: 500151) and NSE (symbol: GOLDENTOBC).
Golden Tobacco has open charges of ₹178.62 Cr and satisfied charges of ₹79.41 Cr as per latest MCA filings.
Golden Tobacco has 772 court cases on record: 285 filed by the company and 487 filed against it. 150 are pending. Most are in the high courts.
Golden Tobacco was incorporated on 28 June 1955. It is registered with the Registrar of Companies, Ahmedabad.
Golden Tobacco has 134 deals on record (133 market trades, 1 acquisition); the latest was in April 2022.
The peers of Golden Tobacco by revenue are Raja Biri Private Limited, Tulip Packaging Private Limited, Leaf Fibers Private Limited, O2 Industries Private Limited, all in the FMCG industry (Tobacco Products), with the same principal business activity (food, beverages and tobacco products).