Ador Fontech Ltd

Ador Fontech Ltd

₹ 151 0.33%
15 May - close price
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

  • Market Cap 530 Cr.
  • Current Price 151
  • High / Low 170 / 102
  • Stock P/E 22.3
  • Book Value 37.8
  • Dividend Yield 3.97 %
  • ROCE 24.4 %
  • ROE 18.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.97%.
  • Company has been maintaining a healthy dividend payout of 90.0%

Cons

  • The company has delivered a poor sales growth of 2.42% over past five years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
47.44 54.21 53.39 50.69 51.26 49.92 52.25 54.48 57.58 50.22 54.34 49.74 55.84
39.83 46.85 46.46 43.89 43.28 44.39 46.42 47.38 48.37 43.35 46.03 43.34 49.87
Operating Profit 7.61 7.36 6.93 6.80 7.98 5.53 5.83 7.10 9.21 6.87 8.31 6.40 5.97
OPM % 16.04% 13.58% 12.98% 13.41% 15.57% 11.08% 11.16% 13.03% 16.00% 13.68% 15.29% 12.87% 10.69%
0.91 0.67 1.47 0.83 1.36 0.80 0.83 1.21 0.09 1.16 0.82 1.65 3.64
Interest 0.15 0.03 0.01 0.21 0.02 0.03 0.02 0.01 0.01 0.01 0.01 0.01 -0.03
Depreciation 0.62 0.68 0.80 0.73 1.27 0.94 1.02 1.09 0.59 0.79 0.82 0.78 0.88
Profit before tax 7.75 7.32 7.59 6.69 8.05 5.36 5.62 7.21 8.70 7.23 8.30 7.26 8.76
Tax % 40.00% 14.62% 36.10% 25.86% 33.91% 39.37% 43.42% 26.35% 33.10% 27.94% 28.43% 29.75% 14.50%
4.65 6.25 4.85 4.96 5.32 3.25 3.18 5.31 5.82 5.21 5.94 5.10 7.49
EPS in Rs 1.33 1.79 1.39 1.42 1.52 0.93 0.91 1.52 1.66 1.49 1.70 1.46 2.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
140 139 142 147 152 186 177 150 210 214 210
120 119 128 135 141 169 163 132 181 187 183
Operating Profit 20 19 15 12 11 17 15 17 28 28 28
OPM % 14% 14% 10% 8% 8% 9% 8% 12% 14% 13% 13%
3 4 4 3 3 3 3 2 4 3 7
Interest 0 0 0 0 0 0 1 0 0 0 -0
Depreciation 3 4 3 4 3 3 3 3 3 4 3
Profit before tax 19 20 15 10 11 16 14 16 30 27 32
Tax % 37% 34% 40% 30% 36% 33% 35% 39% 28% 35% 25%
12 13 9 7 7 11 9 10 21 18 24
EPS in Rs 3.50 3.74 2.66 2.06 1.99 3.14 2.52 2.87 6.09 5.02 6.78
Dividend Payout % 50% 47% 66% 73% 76% 56% 71% 77% 82% 100% 88%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: 12%
TTM: -2%
Compounded Profit Growth
10 Years: 7%
5 Years: 17%
3 Years: 34%
TTM: 38%
Stock Price CAGR
10 Years: 16%
5 Years: 24%
3 Years: 54%
1 Year: 44%
Return on Equity
10 Years: 12%
5 Years: 14%
3 Years: 17%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 7 7 7 7 7
Reserves 79 84 87 88 96 101 92 102 116 120 125
2 2 3 -0 2 3 6 2 0 0 -0
35 39 38 39 30 29 37 31 34 29 26
Total Liabilities 119 129 132 130 131 137 141 142 157 156 158
21 22 23 22 21 19 28 28 30 29 27
CWIP -0 -0 -0 -0 1 1 2 2 -0 -0 -0
Investments 9 8 8 11 16 19 11 18 20 14 16
89 99 101 98 94 98 101 94 108 112 115
Total Assets 119 129 132 130 131 137 141 142 157 156 158

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6 13 7 1 3 5 19 9 20 18 19
2 1 -2 0 2 -2 -8 -4 -11 -2 -2
-7 -7 -7 -6 -2 -3 -11 -8 -8 -14 -18
Net Cash Flow 1 7 -3 -5 3 -1 0 -2 0 2 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 72 73 84 76 62 46 69 67 49 54 53
Inventory Days 112 118 111 106 96 76 108 121 75 68 71
Days Payable 45 45 59 85 57 54 96 90 70 54 52
Cash Conversion Cycle 139 146 135 97 101 68 81 99 54 67 73
Working Capital Days 88 79 83 88 93 82 87 81 50 62 93
ROCE % 23% 17% 11% 11% 16% 13% 16% 25% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
39.28% 39.28% 39.23% 39.23% 39.23% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22%
4.86% 0.15% 0.25% 0.25% 0.19% 0.19% 0.19% 0.19% 0.23% 0.19% 0.19% 0.19%
2.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
53.56% 60.57% 60.52% 60.52% 60.58% 60.57% 60.58% 60.58% 60.54% 60.57% 60.57% 60.58%
No. of Shareholders 8,67912,16812,45613,67314,34314,30813,80613,24812,95513,45113,48113,638

* 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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