Ador Multi Products Ltd

Ador Multi Products Ltd

₹ 33.0 2.13%
22 Nov 4:00 p.m.
About

Incorporated in 1986, Ador Multiproducts Ltd manufactures and distributes cosmetic and personal care products[1]

Key Points

Business Overview:[1][2]
Company is a contract manufacturer of personal care products in India, offering one-stop shop from product conception to finished goods and undertaking private labelling

  • Market Cap 15.4 Cr.
  • Current Price 33.0
  • High / Low 45.9 / 30.1
  • Stock P/E
  • Book Value 23.2
  • Dividend Yield 0.00 %
  • ROCE -33.6 %
  • ROE -26.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.56% over past five years.
  • Promoter holding is low: 38.6%
  • Company has a low return on equity of -40.6% over last 3 years.
  • Working capital days have increased from 53.1 days to 78.6 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Personal Care - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2.14 2.05 4.80 3.68 3.02 2.86 2.61 3.25 1.49 1.16 0.82 0.67 0.22
3.50 3.28 6.96 5.92 4.53 5.30 4.94 4.72 2.16 1.61 1.96 0.84 0.36
Operating Profit -1.36 -1.23 -2.16 -2.24 -1.51 -2.44 -2.33 -1.47 -0.67 -0.45 -1.14 -0.17 -0.14
OPM % -63.55% -60.00% -45.00% -60.87% -50.00% -85.31% -89.27% -45.23% -44.97% -38.79% -139.02% -25.37% -63.64%
0.17 -0.02 0.15 0.02 0.16 0.06 0.04 0.03 -8.46 0.50 4.04 0.30 0.23
Interest 0.03 0.05 0.31 0.01 0.01 0.03 0.06 0.03 0.08 0.03 0.14 0.03 0.03
Depreciation 0.07 0.07 0.21 0.08 0.17 -0.02 0.46 0.08 0.23 0.15 0.07 0.13 0.20
Profit before tax -1.29 -1.37 -2.53 -2.31 -1.53 -2.39 -2.81 -1.55 -9.44 -0.13 2.69 -0.03 -0.14
Tax % 0.00% 0.00% 5.14% 0.00% 0.00% 0.00% 2.14% 0.00% 0.00% 0.00% 26.39% 0.00% 0.00%
-1.30 -1.38 -2.65 -2.31 -1.53 -2.39 -2.88 -1.55 -9.44 -0.14 1.98 -0.04 -0.14
EPS in Rs -2.78 -2.95 -5.67 -4.94 -3.27 -5.11 -6.16 -3.32 -20.20 -0.30 4.24 -0.09 -0.30
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
5.80 6.69 6.57 7.28 9.87 19.34 13.44 12.17 6.73 2.87
6.76 8.02 7.35 8.56 12.96 20.42 19.81 20.69 10.17 4.77
Operating Profit -0.96 -1.33 -0.78 -1.28 -3.09 -1.08 -6.37 -8.52 -3.44 -1.90
OPM % -16.55% -19.88% -11.87% -17.58% -31.31% -5.58% -47.40% -70.01% -51.11% -66.20%
0.14 2.27 0.16 0.18 0.54 4.27 0.30 0.31 0.96 5.07
Interest 0.32 0.34 0.20 0.07 0.38 0.29 0.31 0.15 0.30 0.23
Depreciation 0.18 0.09 0.12 0.20 0.26 0.36 0.43 0.69 0.53 0.55
Profit before tax -1.32 0.51 -0.94 -1.37 -3.19 2.54 -6.81 -9.05 -3.31 2.39
Tax % -34.09% 45.10% 3.19% -0.73% -10.66% 40.94% 1.91% 0.66% 21.45%
-0.88 0.28 -0.97 -1.36 -2.85 1.50 -6.93 -9.11 -4.02 1.66
EPS in Rs -3.07 0.98 -3.39 -3.62 -7.19 3.21 -14.83 -19.49 -8.60 3.55
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -2%
3 Years: -30%
TTM: -72%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 79%
Stock Price CAGR
10 Years: 11%
5 Years: -8%
3 Years: -28%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: -36%
3 Years: -41%
Last Year: -27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2.86 2.86 2.86 3.76 3.96 4.67 4.67 4.67 4.67 4.67
Reserves -0.49 2.54 0.94 1.74 3.87 8.79 16.07 10.55 6.36 6.18
2.32 2.57 0.50 0.59 4.23 2.58 0.61 0.06 0.00 0.00
1.48 2.01 1.93 2.65 4.84 2.89 2.46 3.63 -2.91 -3.74
Total Liabilities 6.17 9.98 6.23 8.74 16.90 18.93 23.81 18.91 8.12 7.11
1.15 5.34 1.29 2.20 6.77 7.69 8.74 8.17 3.33 2.99
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.26 1.37 1.40 3.00 0.13 0.86 0.61 0.62 0.61 0.61
4.76 3.27 3.54 3.54 10.00 10.38 14.46 10.12 4.18 3.51
Total Assets 6.17 9.98 6.23 8.74 16.90 18.93 23.81 18.91 8.12 7.11

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 9.43 -3.52 -0.56 -3.68 -7.06 -8.62 -6.76 -0.54
0.00 -3.17 3.63 -2.89 3.18 4.19 -0.90 0.19 1.65
0.00 0.03 0.05 3.45 1.09 2.69 12.91 0.36 -0.03
Net Cash Flow 0.00 6.29 0.16 -0.01 0.59 -0.18 3.40 -6.20 1.08

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 67.97 64.38 87.22 65.68 91.71 35.48 43.72 39.59 10.30
Inventory Days 107.30 102.89 68.10 82.64 197.54 136.34 204.03 201.72 93.23
Days Payable 89.71 82.47 66.57 95.04 184.51 86.86 179.32 239.78 71.63
Cash Conversion Cycle 85.56 84.79 88.75 53.28 104.75 84.95 68.43 1.53 31.90
Working Capital Days 67.97 -79.66 59.44 17.05 -80.62 18.87 90.16 -9.60 78.64
ROCE % -19.75% -12.55% -25.02% -34.54% -9.54% -41.27% -66.42% -33.55%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
38.87% 38.94% 38.97% 38.55% 38.55% 38.56% 38.56% 38.56% 38.56% 38.56% 38.56% 38.56%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
61.11% 61.04% 61.01% 61.45% 61.43% 61.44% 61.43% 61.44% 61.43% 61.42% 61.43% 61.42%
No. of Shareholders 3,8943,9453,9873,9293,8943,9193,9274,1204,2144,2444,2764,364

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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