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Ador Welding Ltd. Stock Analysis

Small Cap
Evaluated by 549 users | BSE: 517041 | NSE: ADORWELD |
Electrodes & Welding Equipment
Ador Welding (AWL) was incorporated in 1951 with an objective to offer finest range of welding consumables and equipment. AWL has also made large investments in project engineering and manufacturing of power generators and alternators.AWL is a total solutions provider offering an up-to-date...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 16.61%11.9%9.9%7.19%6.05%11.22%7.38%6.98%8.5%9.48%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 295341364368387407441458512526
Y-o-Y Gr. Rt.-15.5%6.8%1.2%5%5.2%8.5%3.7%11.9%2.7%
Adjusted EPS (Rs.) 18.7714.4712.799.028.0316.6512.2812.2615.0918.5
Y-o-Y Gr. Rt.--22.9%-11.6%-29.5%-11%107.4%-26.3%-0.2%23.1%22.6%
Book Value per Share (Rs.) 120.35128.76135.76133.01150.01160.65174.56182.14193.68197.71
Adjusted Net Profit 25.519.717.412.310.922.616.716.720.525.2
Net Op. Cash Flow (Rs. Cr.) 27.528.416.930.40.822.40.1-36.96313
Debt to Cash Flow from Ops 0.030.050.10.050.570.01253.36-2.21.036.31
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Ador Welding Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.6%6.3%6%2.7%
Adjusted EPS -0.2%18.2%14.6%22.6%
Book Value per Share 5.75.74.22.1
Share Price 5.7% -3.2% -23.3% -23%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 16.4111.619.676.715.6710.727.336.888.039.45
Operating Profit Margin (%) 15.8211.149.9510.027.2610.327.057.828.718.47
Net Profit Margin (%) 8.655.774.773.332.825.563.783.644.014.79
Debt to Equity 0.010.010.010.01000.150.330.250.3
Working Capital Days 100103121158157154185242234234
Cash Conversion Cycle 64625857605640404363
Entity Percentage Holding
Promoters 56.75%
Institutions 14.71%
Non-Institutions 28.54%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Ador Welding Ltd.'s performance infers:

Ador Welding Ltd. earnings have grown by 18.2%, whereas share price has depreciated -3.2% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Ador Welding Ltd. share prices over the last 10 years. Here is what we found out:

Ador Welding Ltd. share price has depreciated 1% annually over the past ten years.

Ador Welding (AWL) was incorporated in 1951 with an objective to offer finest range of welding consumables and equipment. AWL has also made large investments in project engineering and manufacturing of power generators and alternators.

AWL is a total solutions provider offering an up-to-date suite of welding and cutting consumables, power sources and accessories besides a full package of soft skills and knowledge development for welding and fabrication excellence.

The company operates

Ador Welding (AWL) was incorporated in 1951 with an objective to offer finest range of welding consumables and equipment. AWL has also made large investments in project engineering and manufacturing of power generators and alternators.

AWL is a total solutions provider offering an up-to-date suite of welding and cutting consumables, power sources and accessories besides a full package of soft skills and knowledge development for welding and fabrication excellence.

The company operates three divisions through which it channelises solution based engineering experience are as follows:

  • Metal Joining Processes And Solutions – This division covers the entire spectrum of metal joining processes. This includes welding, cutting and allied applications for all kinds of metals and every single industry and application.
  • Project Engineering Division - The Project Engineering Division offers customized solutions to multi-disciplinary projects and contracts in the area of combustion engineering, thermal engineering and fabrication engineering.  
  • Energy Solutions – The Electrical or Energy Management Solutions Division offers high-end configuration of hardware and software solutions to end-users and GOEMs in power, infrastructure, telecom and other sectors.

AWL has with four manufacturing plants for the production and supply of welding consumables, power sources, welding automation systems, cutting products and accessories.

The company’s three welding consumables plants are ISO 9001:2000 standard certified for quality management systems and ISO 14001:2004 standard (for environment management systems) while its equipment plant at Chinchwad is certified to ISO 9001:2000 standards.

Further, the company operates 26 area and territory offices and nine field offices. It also has strong market presence in region like the Gulf/Middle East, South East Asia and Africa.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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