TipHub

24.07

-0.37 -1.51%

As of 12 Jun 2026 · delayed

NSE Listed

GSM · GSM 0 · IBC
What does GSM · GSM 0 · IBC mean?
BSE · Graded Surveillance Measure (GSM 0)GSM targets fundamentally weak companies whose price doesn't square with their financials (tiny net worth or negative/extreme P/E). Practical meaning: the exchange doubts the price is backed by the business. Stage 0 is a watchlist; each higher stage makes the stock progressively harder to trade — tighter bands, full upfront margin, weekly-only trading, and at Stage IV no upward price movement at all. Exiting requires a quarterly review finding the criteria no longer met.Criteria: Shortlisted on objective financial parameters — net worth, net fixed assets, price-to-earnings multiple and market capitalisation. Stage 0 = base surveillance watchlist (identified under GSM, no graded price restriction yet); Stages I–VI add escalating curbs (price band, 100% margin, periodic call auction, settlement on a gross/trade-for-trade basis, no upward price movement).
NSE · Graded Surveillance Measure (GSM 0)GSM targets fundamentally weak companies whose price doesn't square with their financials (tiny net worth or negative/extreme P/E). Practical meaning: the exchange doubts the price is backed by the business. Stage 0 is a watchlist; each higher stage makes the stock progressively harder to trade — tighter bands, full upfront margin, weekly-only trading, and at Stage IV no upward price movement at all. Exiting requires a quarterly review finding the criteria no longer met.Criteria: Shortlisted on objective financial parameters — net worth, net fixed assets, price-to-earnings multiple and market capitalisation. Stage 0 = base surveillance watchlist (identified under GSM, no graded price restriction yet); Stages I–VI add escalating curbs (price band, 100% margin, periodic call auction, settlement on a gross/trade-for-trade basis, no upward price movement).Exchange notice
BSE · Securities under IBCThe company is in the insolvency process. Practical meaning: equity holders often recover little or nothing in resolution, so the exchange restricts price movement to stop speculative churn in a claim that may be extinguished.Criteria: Company admitted to the Corporate Insolvency Resolution Process under the Insolvency & Bankruptcy Code; placed under surveillance with restricted price movement.

Golden Tobacco Limited (GOLDENTOBC)

Volume: 2,606Avg Vol 1W: 1,932.4Avg Vol 1M: 1,558.2552W Range:20.3437.5
Key Ratios
Checked 2d ago
Market Cap₹44 Cr
Current Price₹24.07
Previous Close₹24.44
High / Low (52w)₹37.5 / ₹20.34
Volume2,606
Avg Vol (1W)1,932.4
Avg Vol (1M)1,558.25
Stock P/E8.32
Book Value₹-116.69
Dividend Yield0%
ROE-307.2%
ROA465.4%
Revenue (TTM)₹46 Cr
Revenue Growth
Profit Margin21.19%
Total Debt₹0 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹-0.88
P/B0
Debt / Equity0
50 DMA₹25.96
200 DMA₹30.65
Day change-1.51%
SurveillanceGSM · GSM 0 · IBC
Price Chart
24.07 34.00% · 1Y
372115K
2025-07-29
2026-06-12

20-day avg volume: 2K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 45% YoY.
  • Company is loss-making at the latest annual result.
  • Negative book value per share.
Quarterly Results
MetricMar 2020Jun 2020Sept 2020Dec 2020Mar 2021Jun 2021Sept 2021Dec 2021
Revenue₹6 Cr₹0 Cr₹11 Cr₹5 Cr₹26 Cr₹1 Cr₹2 Cr₹4 Cr
EBITDA₹-1 Cr₹-3 Cr₹3 Cr₹0 Cr₹14 Cr₹-3 Cr₹-2 Cr₹-1 Cr
Net Profit₹-3 Cr₹-4 Cr₹2 Cr₹-1 Cr₹10 Cr₹-4 Cr₹2 Cr₹-2 Cr
EPS
Profit & Loss (Annual)
MetricJun 2020Sept 2020Dec 2020Mar 2021Mar 2021Jun 2021Sept 2021Dec 2021
Revenue₹0 Cr₹11 Cr₹5 Cr₹26 Cr₹46 Cr₹1 Cr₹2 Cr₹4 Cr
EBITDA₹-3 Cr₹3 Cr₹1 Cr₹14 Cr₹15 Cr₹-3 Cr₹-2 Cr₹-1 Cr
Net Profit₹-4 Cr₹2 Cr₹-1 Cr₹10 Cr₹8 Cr₹-4 Cr₹-2 Cr₹-2 Cr
EPS4.34
Balance Sheet
MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Total Assets₹439 Cr₹347 Cr₹299 Cr₹311 Cr₹267 Cr₹194 Cr₹174 Cr₹149 Cr
Total Liabilities₹573 Cr₹517 Cr₹505 Cr₹536 Cr₹502 Cr₹402 Cr₹388 Cr₹353 Cr
Equity₹-134 Cr₹-169 Cr₹-206 Cr₹-225 Cr₹-235 Cr₹-208 Cr₹-214 Cr₹-204 Cr
Total Debt
Cash Flow
MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Operating₹146 Cr₹97 Cr₹18 Cr₹1 Cr₹47 Cr₹25 Cr₹21 Cr₹0 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹8 Cr₹1 Cr₹6 Cr₹0 Cr
Financing₹-144 Cr₹-100 Cr₹-17 Cr₹-1 Cr₹-70 Cr₹-27 Cr₹-26 Cr₹0 Cr
Free Cash Flow₹146 Cr₹97 Cr₹18 Cr₹1 Cr₹47 Cr₹25 Cr₹21 Cr₹0 Cr
Shareholding
Promoter 29.77% Institutions 0.15% Public 70.09%
Efficiency & Working Capital
ROCE-34.9%
Interest Coverage3.5
Dividend Payout
Debtor Days3 d
Inventory Days92 d
Payable Days49 d
Cash Conversion Cycle46 d
Working Capital Days95 d
Shareholding Details

As of 2026-06-30

Promoter29.8%
FII0%
DII0.1%
Institutions0.1%
Public70.1%
Promoter Pledge0%
No. of Shareholders30,969
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters30%30%30%30%30%30%29.8%29.8%29.8%29.8%29.8%29.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%
Public69.9%69.9%69.8%69.8%69.8%69.8%70.1%70.1%70.1%70.1%70.1%70.1%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders31,39131,04931,44730,98830,84930,83130,88030,78930,69830,63730,96930,969
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202103
Major Shareholders (>1%)
NameCategoryStakeShares
J. P. Financial Services Pvt. Ltd.Public Shareholding22.2%39,00,751
Wgf Financial Services LtdShareholding of Promoter and Promoter Group5.5%9,59,232
Noble Communication Pvt. Ltd.Public Shareholding4.6%8,05,248
Dear Investment P. Ltd.Shareholding of Promoter and Promoter Group4.5%8,00,000
Gems Commercial Company LimitedShareholding of Promoter and Promoter Group3.2%5,61,500
Lakshmi Vishnu Investment LimitedShareholding of Promoter and Promoter Group2.8%5,00,485
Lend Lease Company (india) Ltd.Public Shareholding2.8%4,94,336
Swastik Commercial Private LimitedShareholding of Promoter and Promoter Group2.3%4,04,000
Swagatham Investment LtdShareholding of Promoter and Promoter Group2.3%3,98,600
Hindustan Commercial Company LimitedShareholding of Promoter and Promoter Group2.1%3,60,879
Aarkay Investments Pvt. Ltd.Public Shareholding1.6%2,74,104
Ghcl LimitedShareholding of Promoter and Promoter Group1.6%2,72,146
Mourya Finance LimitedShareholding of Promoter and Promoter Group1.5%2,70,945
Minal Bharat PatelPublic Shareholding1.2%2,10,251
Bharatpur Investment LimitedShareholding of Promoter and Promoter Group0.8%1,47,538
Sovereign Commercial Private LimtedShareholding of Promoter and Promoter Group0.8%1,32,843
Chirawa Investment LimitedShareholding of Promoter and Promoter Group0.6%1,07,078
General Exports And Credits LimitedShareholding of Promoter and Promoter Group0.6%1,01,972
Harvatex Engineering And Processing CompanylimitedShareholding of Promoter and Promoter Group0.6%1,01,320
Dalmia Finance LtdShareholding of Promoter and Promoter Group0.2%42,528
Hotex Company LtdShareholding of Promoter and Promoter Group0.2%38,800
Little Rock Trade And Investment Ltd.Shareholding of Promoter and Promoter Group0.1%22,500
Sikar Investment Company LimitedShareholding of Promoter and Promoter Group0%6,920
Lovely Investment Pvt LtdShareholding of Promoter and Promoter Group0%6,503
Pashupatinath Commercial Private LimitedShareholding of Promoter and Promoter Group0%2,569
Board of Directors
NameDesignationYear
Vinod BhatiaNon Executive & Independent Director2021
Rajnikant PatelNon Executive & Independent Director2021
Jignesh B EngineerNon Executive Director2021
Pawankumar MalsariaWhole-time Director2021
Prama Raval ShahAdditional Director2021
Sunil Kumar DhandhaniaWhole Time Director2021
Vikas DahiyaAdditional Director2021
Sarita Ramdas PoteCompany Sec. & Compli. Officer2021
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2021₹10251818
Substantial Acquisitions (SAST)

1 disclosure(s)

Market25/03/2025 - 27/03/2025 · 5,10,000
Company Information
Incorporated1955
AuditorBagaria & Co LLP
🌐 www.goldentobacco.in

📍 Darjipura, Post - Amaliyara, Vadodara, Gujarat, 390022

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