GOLDENTOBC
Golden Tobacco financials
- Market cap
- ₹45 Cr
- Sector
- Realty
What Golden Tobacco Limited does
Golden Tobacco Limited manufactures cigarettes and cigars, with its registered office and manufacturing works located at Darjipura, Post-Amaliyara, Vadodara, Gujarat, and additional offices in New Delhi and Mumbai. Its manufacturing operations hold ISO 9001:2015 certification (from TUV NORD) for the manufacture and supply of cigarettes and tobacco products. Alongside the core tobacco manufacturing business, the group comprises four subsidiaries: Golden Realty & Infrastructure Ltd., Golden Investment (Sikkim) Pvt. Ltd., GTC Inc B.V., and Western Express Industries Limited (a fellow subsidiary).
Segments
- Cigarettes & Cigars manufacturing
- Manufacturing works
- 1 (Darjipura, Post-Amaliyara, Vadodara, Gujarat)
- Office locations
- 3 (Registered office & works – Vadodara; New Delhi; Mumbai)
- Subsidiaries
- 4 (Golden Realty & Infrastructure Ltd.; Golden Investment (Sikkim) Pvt. Ltd.; GTC Inc B.V.; Western Express Industries Ltd. – fellow subsidiary)
- Quality certification
- ISO 9001:2015 (Manufacture & Supply of Cigarettes and Tobacco Products, TUV NORD)
Quarterly results
Q3 FY22: revenue down 18.3%, net profit down 192.5% against the same quarter last year.
| Line item | Q4 FY20 | Q1 FY21 | Q2 FY21 | Q3 FY21 | Q4 FY21 | Q1 FY22 | Q2 FY22 | Q3 FY22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 0 | 11 | 5 | 26 +331% | 1 +400% | 2 −82% | 4 −18% |
| EBITDA | -1 | -3 | 1 | 1 | 13 +1004% | -3 −4% | -2 −364% | -0 −177% |
| Net profit | -3 | -4 | 2 | -1 | 10 +482% | -4 +16% | -2 −220% | -2 −192% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −25.8% 1Y
1Y: ₹34.35 on 10 Sept 2025 → ₹25.49. High ₹36 (3 Oct 2025), low ₹21.41 (1 Apr 2026).
Financials, as filed
Revenue grew 78.4% a year over 1 year, FY20 to FY21. Operating margin widened to 27.3%.
| Year ending | FY20 | FY21 |
|---|---|---|
| Revenue | ₹23 Cr | ₹42 Cr |
| Operating profit | ₹-14 Cr | ₹11 Cr |
| Operating margin | -59.2% | 27.3% |
| Interest | ₹11 Cr | ₹4 Cr |
| Depreciation | ₹1 Cr | ₹0 Cr |
| Net profit | ₹-2 Cr | ₹8 Cr |
| Net margin | -7.1% | 18.3% |
| Cash from operations | ₹21 Cr | ₹-0 Cr |
| Free cash flow | ₹22 Cr | ₹0 Cr |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|---|
| Equity capital | ₹18 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr |
| Reserves | ₹-164 Cr | ₹-184 Cr | ₹-194 Cr | ₹-167 Cr | ₹-173 Cr | ₹-169 Cr |
| Borrowings | ₹49 Cr | ₹47 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Other liabilities | ₹413 Cr | ₹446 Cr | ₹460 Cr | ₹402 Cr | ₹386 Cr | ₹352 Cr |
| Total liabilities | ₹316 Cr | ₹327 Cr | ₹284 Cr | ₹252 Cr | ₹233 Cr | ₹203 Cr |
| Fixed assets | ₹18 Cr | ₹17 Cr | ₹15 Cr | ₹14 Cr | ₹8 Cr | ₹7 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹9 Cr | ₹14 Cr | ₹14 Cr | ₹13 Cr | ₹4 Cr | ₹4 Cr |
| Other assets | ₹289 Cr | ₹295 Cr | ₹255 Cr | ₹224 Cr | ₹221 Cr | ₹192 Cr |
| Total assets | ₹316 Cr | ₹327 Cr | ₹284 Cr | ₹252 Cr | ₹233 Cr | ₹203 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 1% to 31,103.
- Promoters
- 29.8%
- FIIs
- 0.0%
- DIIs
- 0.1%
- Public
- 70.1%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 30.0%, FIIs 0.0%, DIIs 0.1%, Public 69.9%.Dec '23: Promoters 30.0%, FIIs 0.0%, DIIs 0.1%, Public 69.9%.Mar '24: Promoters 30.0%, FIIs 0.0%, DIIs 0.1%, Public 69.9%.Jun '24: Promoters 30.0%, FIIs 0.0%, DIIs 0.1%, Public 69.8%.Sep '24: Promoters 30.0%, FIIs 0.0%, DIIs 0.1%, Public 69.8%.Dec '24: Promoters 30.0%, FIIs 0.0%, DIIs 0.1%, Public 69.8%.Mar '25: Promoters 29.8%, FIIs 0.0%, DIIs 0.1%, Public 70.1%.Jun '25: Promoters 29.8%, FIIs 0.0%, DIIs 0.1%, Public 70.1%.Sep '25: Promoters 29.8%, FIIs 0.0%, DIIs 0.1%, Public 70.1%.Dec '25: Promoters 29.8%, FIIs 0.0%, DIIs 0.1%, Public 70.1%.Mar '26: Promoters 29.8%, FIIs 0.0%, DIIs 0.1%, Public 70.1%.Jun '26: Promoters 29.8%, FIIs 0.0%, DIIs 0.1%, Public 70.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Golden Tobacco Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| J.P. Financial Services Pvt Ltd | 22.15% | unchanged |
| Wgf Financial Services Ltd | 5.45% | unchanged |
| Noble Communication Pvt. Ltd. | 4.57% | unchanged |
| Dear Investment P. Ltd. | 4.54% | unchanged |
| Gems Commercial Company Limited | 3.19% | unchanged |
| Lakshmi Vishnu Investment Limited | 2.84% | unchanged |
| Lend Lease Company (India) Ltd. | 2.81% | unchanged |
| Swastik Commercial Private Limited | 2.29% | unchanged |
| Swagatham Investment Ltd | 2.26% | unchanged |
| Hindustan Commercial Company Limited | 2.05% | unchanged |
| Aarkay Investments Pvt. Ltd. | 1.56% | unchanged |
| Ghcl Limited | 1.55% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Golden Tobacco Limited
Guides on how to read this kind of business and the numbers that matter.