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Ador Fontech Ltd. - (Amalgamated) (530431)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530431 NSE: Electrodes & Welding Equipment | Small Cap | Ador Fon-(Amalgamat) Share Price

₹142.50 0.00 (0.00%)

As on 24-Sep'24 16:01

Ador Fontech Ltd. - (Amalgamated) (530431)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530431 NSE: Electrodes & Welding Equipment | Small Cap | Ador Fon-(Amalgamat) Share Price

₹142.50 0.00 (0.00%)

As on 24-Sep'24 16:01

Key Metrics
Valuation Multiples
Market Cap
₹499 Cr.
Current Price
₹142.5
52-Week Low / High
₹140 / 143
TTM EPS
₹7.3
TTM Sales
₹198 Cr.
Book Value per Share
₹46.4
P/E Ratio
19.44
Higher than its 5-year historical median
Industry PE
43.3
Price to Book (P/B)
3.07
Higher than its 5-year historical median
Price to Sales (P/S)
2.52
Higher than its 5-year historical median
EV/EBITDA
12.16
Higher than its 5-year historical median
Dividend Yield
3.51%
Profitability Efficiency
Return on Equity (ROE)
15.96%
Return on Capital Employed (ROCE)
22.74%
Return on Assets (ROA)
13.40%
Operating Profit Margin
14.9%
Net Profit Margin
11.08%
Gross Profit Margin
17.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1.47%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.06%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.47%
Asset Quality
Promoter Holding
39.23%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹155 Cr.
Equity
₹7 Cr.
Face Value
₹2
All Time Low / High
₹0.70 / 169.70

Ador Fontech . - (Amalgamated) stock performance

Key Ratios
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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ador Fontech Ltd. - (Amalgamated) has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % ⓘ24.8%23%18.1%14.3%13.6%18.8%15.6%17.5%27%22.7%-
Value Creation
Index ⓘ		0.80.60.30.00.00.30.10.30.90.6-

Growth Parameters ⓘ
Sales ⓘ139137143146151184175147205208198
Sales YoY Gr.--1.4%4.2%2.2%3.1%22.3%-5.2%-16.2%39.6%1.5%-
Adj EPS ⓘ3.73.73.12.52.33.93.23.66.96.67.3
YoY Gr.-2.5%-16.8%-19%-9.5%69.3%-16.8%12.5%90%-4.1%-
BVPS (₹) ⓘ23.825.526.32729.73231.134.839.942.646.4
Adj Net
Profit ⓘ		12.813.110.98.8813.511.212.6242326
Cash Flow from Ops. ⓘ6.4146.92.24.57.123.55.117.124-
Debt/CF from Ops. ⓘ0.30.100000000-

CAGR ⓘ

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 12.2% 17.3% 9% -

Key Financial Parameters ⓘ

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity % ⓘ		15.915.2129.48.112.510.21118.41616.5
Op. Profit
Mgn % ⓘ		14.614.311.69.68.4119.813.815.814.914
Net Profit
Mgn % ⓘ		9.29.57.665.37.36.48.611.711.113
Debt to
Equity ⓘ		0000000000-
Working Cap
Days ⓘ		144155157170158128146175125129109
Cash Conv.
Cycle ⓘ		8899989476586176474991

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales139.44137.43143.17146.31150.84184.43174.92146.67204.77207.78
Operating Expenses ⓘ + 119.13117.81127.38132.32138.20164.18157.78126.39172.37177.02
Manufacturing Costs7.327.869.1610.8611.5815.4416.1412.3216.5518.02
Material Costs78.4974.2381.8685.3386.22103.2596.2576.50112.65120.60
Employee Cost 18.7919.8521.4022.8623.8125.2726.9823.8627.6125.41
Other Costs ⓘ 14.5315.8714.9613.2716.5920.2218.4113.7115.5612.99
Operating Profit ⓘ 20.3119.6215.7913.9912.6420.2517.1420.2832.4030.76
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 ⓘ + 2.674.133.902.593.902.802.742.395.665.18
Exceptional Items ⓘ 0000000000
Interest ⓘ 0.170.150.130.230.100.220.190.110.300.25
Depreciation ⓘ 2.803.553.123.263.022.762.642.472.723.12
Profit Before Tax ⓘ 20.0120.0516.4413.0913.4220.0717.0520.0935.0432.57
Tax ⓘ 7.246.706.074.264.446.255.727.389.609.54
Profit After Tax 12.7713.3510.378.838.9813.8211.3312.7125.4423.03
PAT Margin (%) 9.2%9.7%7.2%6.0%6.0%7.5%6.5%8.7%12.4%11.1%
Adjusted EPS (₹)3.73.83.02.52.64.03.23.67.36.6
Dividend Payout Ratio (%)48%45.90%59.10%59.50%58.50%44.30%55.60%60.60%55%76%

Valuation of Ador Fon-(Amalgamat) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund + 83.3689.1192.1194.62104.05112.15108.79121.77139.69148.91
Share Capital ⓘ 3.503.503.503.503.503.507777
Reserves ⓘ 79.8685.6188.6191.12100.55108.65101.79114.77132.69141.91
Debt +1.851.7000000000
Long Term Debt1.851.7000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables9.429.0913.3119.8613.4715.1725.3318.6521.3117.93
Others Liabilities ⓘ 21.5224.9923.8413.3512.1610.648.919.937.987.96
Total Liabilities ⓘ 116.15124.89129.26127.83129.68137.96143.03150.35168.98174.80

Fixed Assets

Net Fixed Assets ⓘ +2120.8821.8620.1418.6516.7426.9726.2428.1028.09
Gross Block35.4338.4441.9142.1237.3437.9550.4851.7156.1857.44
Accumulated Depreciation14.4317.5620.0521.9818.6921.2123.5125.4728.0829.35
CWIP ⓘ 000.0400.551.151.552.4400
Investments ⓘ 9.669.9710.0314.6121.5927.6419.8427.3529.9031.27
Inventories24.0924.3224.8924.7221.8021.2928.6925.2322.7422.38
Trade Receivables27.2427.1932.5730.4725.7823.393327.2227.5530.51
Cash Equivalents 25.2031.2729.6224.8826.5625.8821.1426.9638.4441.33
Others Assets ⓘ 8.9611.2610.2513.0114.7521.8711.8414.9122.2521.22
Total Assets ⓘ 116.15124.89129.26127.83129.68137.96143.03150.35168.98174.80

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity ⓘ + 6.3513.986.922.234.457.0723.515.0517.0824
PBT ⓘ 20.0120.0516.4413.0913.4220.0717.0520.0935.0532.57
Adjustment ⓘ 0.39-6.57-7.90-3.61-0.200.741.171.080.04-0.12
Changes in Working Capital ⓘ -7.670.5-1.62-7.25-4.77-7.319.08-10.3-7.76-0.55
Tax Paid ⓘ -6.38000-4-6.43-3.79-5.82-10.25-7.90
Cash Flow From Investing Activity ⓘ + 1.47-0.55-1.42-0.590.43-1.58-8.69-4.11-9.03-8.72
Capex -4.87-3.77-4.14-1.50-1.52-0.86-12.86-1.74-4.55-3.11
Net Investments -2.89-0.31-0.06-1.68-1.40-2.65-2.445.121.88-7.50
Others ⓘ 9.233.532.782.593.351.936.61-7.49-6.361.89
Cash Flow From Financing Activity ⓘ + -7.21-7.36-7.15-6.38-1.55-6.45-14.47-3.46-8.30-14
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -0.04-0.0400000000
Dividend Paid ⓘ -7.05-6.13-7.38-6.320-6.32-14.980-7.70-14
Others ⓘ -0.12-1.190.23-0.06-1.55-0.130.51-3.46-0.600
Net Cash Flow ⓘ 0.616.07-1.65-4.743.33-0.960.35-2.52-0.251.28

Financial Ratio

PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.8515.4811.449.469.0412.7810.2611.0319.4615.96
ROCE (%)24.7722.9518.1214.2713.6118.7715.6117.5227.0322.74
Asset Turnover Ratio1.281.211.191.141.171.381.2511.281.21
PAT to CFO Conversion(x)0.51.050.670.250.50.512.080.40.671.04
Working Capital Days
Receivable Days65.5068.4072.1078.6068.1048.7058.8074.9048.8051
Inventory Days58.9060.8059.4061.9056.3042.6052.2067.1042.8039.60
Payable Days54.1045.5049.9070.9070.6050.6076.80104.9064.7059.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ador Fontech Ltd. - (Amalgamated) FAQs

The current trading price of Ador Fon-(Amalgamat) on 24-Sep-2024 16:01 is ₹142.5.

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 23-Sep-2024 the market cap of Ador Fon-(Amalgamat) stood at ₹498.8 Cr

The latest P/E ratio of Ador Fon-(Amalgamat) as of 23-Sep-2024 is 19.44.

The latest P/B ratio of Ador Fon-(Amalgamat) as of 23-Sep-2024 is 3.07.

The 52-week high of Ador Fon-(Amalgamat) is ₹143.2 and the 52-week low is ₹140.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ador Fon-(Amalgamat) is ₹198 ( Cr.) .

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

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

No data found

About Ador Fontech Ltd. - (Amalgamated)

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 – 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.
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