Ador Fontech Ltd

Ador Fontech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ador Fontech Ltd

₹ 142 0.96%
24 Sep 2024
adorfon.com BSE: 530431
About

Incorporated in 1974, Ador Fontech Ltd. provides reclamation, fusion, surfacing and spraying solutions for industrial components[1]

Key Points

Business Overview:[1]
Company is a manufacturer, exporter,
service provider and trader of MIG Welding Machines, Welding Fume Extractor, Welding Transformers, Silver Brazing Rod, Tig Welding Machine, Alloys Electrode, Hard Facing Alloys Electrode, Cast Iron Electrodes etc

Website BSE
  • Market Cap ₹ 499 Cr.
  • Current Price ₹ 142
  • High / Low ₹ 170 / 112
  • Stock P/E 19.4
  • Book Value ₹ 45.0
  • Dividend Yield 4.21 %
  • ROCE 22.9 %
  • ROE 17.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.21%.
  • Company has been maintaining a healthy dividend payout of 74.6%

Cons

  • The company has delivered a poor sales growth of 2.02% over past five years.
  • Promoter holding is low: 39.2%
  • Earnings include an other income of Rs.9.61 Cr.

* 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: Capital Goods-Non Electrical Equipment Industry: Electrodes - Welding Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
53.27 51.87 49.46 50.14 48.74 50.53 52.93 55.58 48.57 52.63 48.35 54.25 42.71
45.03 44.33 41.54 41.74 41.83 43.48 44.85 46.17 41.29 43.97 41.14 47.93 37.22
Operating Profit 8.24 7.54 7.92 8.40 6.91 7.05 8.08 9.41 7.28 8.66 7.21 6.32 5.49
OPM % 15.47% 14.54% 16.01% 16.75% 14.18% 13.95% 15.27% 16.93% 14.99% 16.45% 14.91% 11.65% 12.85%
0.89 1.57 0.92 2.28 1.08 1.11 1.50 0.55 1.46 1.12 2.03 3.98 2.48
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.57 0.62 0.63 0.89 0.82 0.90 0.92 0.48 0.70 0.73 0.73 0.79 0.65
Profit before tax 8.56 8.49 8.21 9.79 7.17 7.26 8.66 9.48 8.04 9.05 8.51 9.51 7.32
Tax % 12.50% 32.27% 21.07% 41.57% 29.43% 33.61% 22.63% 32.59% 25.12% 26.08% 25.38% 20.61% 30.74%
7.49 5.75 6.48 5.72 5.06 4.82 6.70 6.39 6.02 6.69 6.35 7.55 5.07
EPS in Rs 2.14 1.64 1.85 1.63 1.45 1.38 1.91 1.83 1.72 1.91 1.81 2.16 1.45
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
150 139 137 142 146 151 184 175 147 205 208 204 198
128 119 117 127 132 137 164 158 126 173 176 174 170
Operating Profit 22 20 20 16 14 13 20 17 20 32 31 29 28
OPM % 15% 15% 14% 11% 10% 9% 11% 10% 14% 16% 15% 14% 14%
12 3 4 4 3 3 3 3 2 6 4 9 10
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 4 3 3 3 3 3 2 3 3 3 3
Profit before tax 31 20 20 16 13 13 20 17 20 35 33 35 34
Tax % 33% 36% 33% 37% 33% 33% 31% 34% 37% 27% 29% 24%
21 13 13 10 9 9 14 11 13 25 23 27 26
EPS in Rs 5.91 3.65 3.81 2.96 2.52 2.57 3.95 3.24 3.63 7.27 6.58 7.60 7.33
Dividend Payout % 30% 48% 46% 59% 59% 58% 44% 56% 61% 69% 76% 79%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: 12%
TTM: -5%
Compounded Profit Growth
10 Years: 8%
5 Years: 14%
3 Years: 28%
TTM: 7%
Stock Price CAGR
10 Years: 11%
5 Years: 27%
3 Years: 30%
1 Year: -5%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 17%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 7 7 7 7 7
Reserves 74 80 86 89 91 101 109 102 115 133 142 150
2 2 2 2 0 0 0 0 0 0 0 0
37 34 37 38 36 28 27 35 29 29 26 22
Total Liabilities 117 119 128 132 131 132 140 144 150 169 175 179
19 21 21 22 20 19 17 27 26 28 28 26
CWIP 0 0 0 0 0 1 1 2 2 0 0 0
Investments 7 10 10 10 15 22 28 20 27 30 31 33
91 88 97 100 96 91 94 96 94 111 115 120
Total Assets 117 119 128 132 131 132 140 144 150 169 175 179

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 6 14 7 2 4 7 24 5 17 24 19
1 1 -1 -1 -1 0 -2 -9 -4 -9 -9 -2
-6 -7 -7 -7 -6 -2 -6 -14 -3 -8 -14 -18
Net Cash Flow 1 1 6 -2 -5 3 -1 0 -3 -0 1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 72 72 84 76 62 46 69 68 49 54 53
Inventory Days 103 112 120 111 106 92 75 109 120 74 68 71
Days Payable 60 44 45 59 85 57 54 96 89 69 54 51
Cash Conversion Cycle 105 140 147 135 97 98 68 82 99 54 67 73
Working Capital Days 66 90 86 82 93 92 85 88 100 77 88 125
ROCE % 33% 24% 23% 18% 14% 13% 18% 15% 17% 27% 22% 23%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
39.28% 39.23% 39.23% 39.23% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22%
0.15% 0.25% 0.25% 0.19% 0.19% 0.19% 0.19% 0.23% 0.19% 0.19% 0.19% 0.19%
60.57% 60.52% 60.52% 60.58% 60.57% 60.58% 60.58% 60.54% 60.57% 60.57% 60.58% 60.57%
No. of Shareholders 12,16812,45613,67314,34314,30813,80613,24812,95513,45113,48113,63815,986

* 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.

Documents

Announcements

Annual reports