Is Ador Fontech a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ador Fontech Ltd is a good quality company .

Is Ador Fontech undervalued or overvalued?

The key valuation ratios of Ador Fontech Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Ador Fontech share price return in the past 10 years?

Ador Fontech Ltd share price has appreciated 15.3% annually (CAGR) over the past ten years.

Is Ador Fontech a good buy now?

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

Ador Fontech Ltd - Stock Valuation and Financial Performance

Name: Ador Fontech
Brand: Ador Fontech

BSE: 530431 | NSE: | Electrodes & Welding Equipment | Small Cap

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Ador Fontech Share Price

₹141.30 0.75 0.53%
as on 24-Apr'24 11:55

10 Year X-Ray of Ador Fontech:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	15.8%	15%	12%	9.6%	8.1%	12.7%	10.3%	11%	18.5%	16.1%	-
Value Creation Index ⓘ	0.1	0.1	-0.1	-0.3	-0.4	-0.1	-0.3	-0.2	0.3	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	139	137	143	146	151	184	175	147	205	208	205
Sales YoY Gr.	-	-1.4%	4.2%	2.2%	3.1%	22.3%	-5.2%	-16.2%	39.6%	1.5%	-
Adj EPS ⓘ	3.7	3.7	3.1	2.5	2.3	3.9	3.2	3.6	6.9	6.6	7.3
YoY Gr.	-	2.5%	-16.8%	-19%	-9.5%	69.3%	-16.8%	12.5%	90%	-4.1%	-
BVPS (₹) ⓘ	23.8	25.5	26.3	27	29.7	32	31.1	34.8	39.9	42.6	43
Adj Net Profit ⓘ	12.8	13.1	10.9	8.8	8	13.5	11.2	12.6	24	23	25
Cash Flow from Ops. ⓘ	6.4	14	6.9	2.2	4.5	7.1	23.5	5.1	17.1	24	-
Debt/CF from Ops. ⓘ	0.3	0.1	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.5%	6.6%	5.9%	1.5%
Adj EPS ⓘ	6.8%	23.6%	27%	-4.1%
BVPSⓘ	6.7%	7.4%	11%	6.6%
Share Price	15.3%	21.4%	54.9%	45.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	15.9	15.2	12	9.4	8.1	12.5	10.2	11	18.4	16	17
Op. Profit Mgn % ⓘ	14.6	14.3	11.6	9.6	8.4	11	9.8	13.8	15.8	14.9	15.9
Net Profit Mgn % ⓘ	9.2	9.5	7.6	6	5.3	7.3	6.4	8.6	11.7	11.1	12.4
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	144	155	157	170	158	128	146	175	125	129	106
Cash Conv. Cycle ⓘ	88	99	98	94	76	58	61	76	47	49	86

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.00%

Net Profit is growing at healthy rate in last 3 years 27.03%

Sales growth has been subdued in last 3 years 5.91%

Sales growth is not so good in last 4 quarters at 1.50%

Latest Financials - Ador Fontech Ltd.

	Standalone	Consolidated
TTM EPS (₹)	7.3	6.3
TTM Sales (₹ Cr.)	205	212
BVPS (₹.) ⓘ	43	35.8
Reserves (₹ Cr.) ⓘ	144	118
P/BV ⓘ	3.27	3.92
PE ⓘ	19.33	22.29

From the Market
52 Week Low / High (₹)	93.10 / 169.70
All Time Low / High (₹)	0.70 / 169.70
Market Cap (₹ Cr.)	492
Equity (₹ Cr.)	7
Face Value (₹)	2
Industry PE ⓘ	23.4

Management X-Ray of Ador Fontech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Ador Fontech

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ador Fontech

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	139	137	143	146	151	184	175	147	205	208
Operating Expenses ⓘ	119	118	127	132	138	164	158	126	172	177
Manufacturing Costs	7	8	9	11	12	15	16	12	17	18
Material Costs	78	74	82	85	86	103	96	77	113	121
Employee Cost	19	20	21	23	24	25	27	24	28	25
Other Costs ⓘ	15	16	15	13	17	20	18	14	16	13
Operating Profit ⓘ	20	20	16	14	13	20	17	20	32	31
Operating Profit Margin (%)	14.6%	14.3%	11.0%	9.6%	8.4%	11.0%	9.8%	13.8%	15.8%	14.8%
Other Income ⓘ	3	4	4	3	4	3	3	2	6	5
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	3	4	3	3	3	3	3	2	3	3
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	20	20	16	13	13	20	17	20	35	33
Tax ⓘ	7	7	6	4	4	6	6	7	10	10
Profit After Tax	13	13	10	9	9	14	11	13	25	23
PAT Margin (%)	9.2%	9.7%	7.2%	6.0%	6.0%	7.5%	6.5%	8.7%	12.4%	11.1%
Adjusted EPS (₹)	3.7	3.8	3.0	2.5	2.6	4.0	3.2	3.6	7.3	6.6
Dividend Payout Ratio (%)	48%	46%	59%	59%	58%	44%	56%	61%	55%	76%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	83	89	92	95	104	112	109	122	140	149
Share Capital ⓘ	4	4	4	4	4	4	7	7	7	7
Reserves ⓘ	80	86	89	91	101	109	102	115	133	142
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	2	2	0	0	0	0	0	0	0	0
Long Term Debt	2	2	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	9	9	13	20	13	15	25	19	21	18
Others Liabilities ⓘ	22	25	24	13	12	11	9	10	8	8
Total Liabilities ⓘ	116	125	129	128	130	138	143	150	169	175
Fixed Assets
Gross Block	35	38	42	42	37	38	50	52	56	57
Accumulated Depreciation	14	18	20	22	19	21	24	25	28	29
Net Fixed Assetsⓘ	21	21	22	20	19	17	27	26	28	28
CWIP ⓘ	0	0	0	0	1	1	2	2	0	0
Investmentsⓘ	10	10	10	15	22	28	20	27	30	31
Inventories	24	24	25	25	22	21	29	25	23	22
Trade Receivables	27	27	33	30	26	23	33	27	28	31
Cash Equivalents	25	31	30	25	27	26	21	27	38	41
Others Assetsⓘ	9	11	10	13	15	22	12	15	22	21
Total Assets ⓘ	116	125	129	128	130	138	143	150	169	175

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	6	14	7	2	4	7	24	5	17	24
PBT ⓘ	20	20	16	13	13	20	17	20	35	33
Adjustment ⓘ	0	-7	-8	-4	0	1	1	1	0	0
Changes in Working Capital ⓘ	-8	1	-2	-7	-5	-7	9	-10	-8	-1
Tax Paid ⓘ	-6	0	0	0	-4	-6	-4	-6	-10	-8
Cash Flow From Investing Activity ⓘ	1	-1	-1	-1	0	-2	-9	-4	-9	-9
Capex	-5	-4	-4	-2	-2	-1	-13	-2	-5	-3
Net Investments	-3	0	0	-2	-1	-3	-2	5	2	-8
Others ⓘ	9	4	3	3	3	2	7	-7	-6	2
Cash Flow From Financing Activityⓘ	-7	-7	-7	-6	-2	-6	-14	-3	-8	-14
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-7	-6	-7	-6	0	-6	-15	0	-8	-14
Others ⓘ	0	-1	0	0	-2	0	1	-3	-1	0
Net Cash Flow ⓘ	1	6	-2	-5	3	-1	0	-3	0	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	15.85	15.48	11.44	9.46	9.04	12.78	10.26	11.03	19.46	15.96
ROCE (%)	24.77	22.95	18.12	14.27	13.61	18.77	15.61	17.52	27.03	22.74
Asset Turnover Ratio	1.28	1.21	1.19	1.14	1.17	1.38	1.25	1	1.28	1.21
PAT to CFO Conversion(x)	0.46	1.08	0.7	0.22	0.44	0.5	2.18	0.38	0.68	1.04
Working Capital Days
Receivable Days	66	68	72	79	68	49	59	75	49	51
Inventory Days	59	61	59	62	56	43	52	67	43	40
Payable Days	54	46	50	71	71	51	77	105	65	59

Ador Fontech Ltd Stock News

Ador Fontech Ltd FAQs

What is the share price of Ador Fontech?

Company share prices are keep on changing according to the market conditions. The closing price of Ador Fontech on 24-Apr-2024 11:55 is ₹141.3.

What is the market cap of Ador Fontech?

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 24-Apr-2024 11:55 the market cap of Ador Fontech stood at ₹491.9.

What is the P/E ratio of Ador Fontech?

The latest P/E ratio of Ador Fontech as of 24-Apr-2024 11:55 is 19.33.

What is the P/B ratio of Ador Fontech?

The latest P/B ratio of Ador Fontech as of 24-Apr-2024 11:55 is 3.27.

What is the 52-week high and low of Ador Fontech?

The 52-week high of Ador Fontech is ₹169.7 and the 52-week low is ₹93.10.

What is the TTM revenue of Ador Fontech?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ador Fontech is ₹205.1 ( Cr.) .

About Ador Fontech Ltd

Ador Fontech incorporated as Cosmics Electronics and Ancillaries Private Limited on 22nd August, 1974. The company is into the business of supply of products, services and solutions that help in conservation of mineral reserves as well as in reducing down-time and inventory costs.

The product spectrum consists of low heat input welding alloys, solid and flux-cored wires, welding and cutting equipment, fume extraction products, in-situ machining systems, thermal spray products and hands-on rebuilding and reclamation services.

Milestones

1974- Company got incorporated.
1980- Company started its operations.
1983- Company started new reclamation welding alloy developed for the Indian Railways in the H3 class.
1985 - Ador Fontech finalised an exclusive distributorship for India from Sulzer Metco (Switzerland, Singapore & USA) for thermal spray equipment and materials.
1987 - It launched of Fonmatic open arc FCAW wires and feeders.
1988 - Company started Fontech training centre in Mumbai.
1992 - Ador Fontech acquired FIST India Private Limited and Kostech India Private Limited merger with itself. The number of shareholders was increased from 112 to 1874 and equity capital increased from Rs. 48 lakh to Rs. 169 lakh.
1994 - Company further increased equity capital increased to Rs 225 lakh.
1995 - Ador Fontech successfully completed public issue and raise the equity capital to Rs 350 lakh.
1996 - Company received ISO 9002 Certification. The same year it launched Arcofon range of superior wear resistance technology wear plates.
1997 - Company bagged exclusive distributorship for copper and copper alloys from Bedra (Germany).
1998 â€“ Company received exclusive distributorship for Gasflux range of products and services. It received approval of special welding alloys from defence organisations for armour steel welding. It also exclusive distributorship for Euromate (Holland) range of welding fume extraction equipment and systems.
1999 - Ador Fontech received exclusive distributorship for CEA (Italy) range of inverter welding equipment.
2000 - Company bagged exclusive distributorship for CEPRO (Netherlands) range of world class 'welding spot separation' products.
2002 - It received distributorship for Soitaab (Italy) range of cutting systems.
2004 - Ador Fontech started manufacturing unit for low heat input welding alloys at Bangalore.