Ador Multi Products Ltd

₹ 66.9 4.04%
31 Jan - close price
About

Ador Multi Products is engaged in a Toiletries preparation & Cosmetics organisation that operates on the Manufacturing of cosmetics with its clients in recommending.(Source : 201903 Annual Report Page No: 49)

Key Points

Transition in Business model [1]
The company has transitioned to focus from a legacy business to focus on contract manufacturing and pioneering skincare in India, especially in the clean-beauty space.

  • Market Cap 31.3 Cr.
  • Current Price 66.9
  • High / Low 103 / 47.2
  • Stock P/E
  • Book Value 36.2
  • Dividend Yield 0.00 %
  • ROCE -34.8 %
  • ROE -40.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 57.0 to 43.7 days.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 38.6%
  • Company has a low return on equity of -32.6% over last 3 years.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 9.47 days to 90.2 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 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1.14 0.94 4.56 6.93 6.99 2.95 2.66 4.45 2.14 2.05 4.80 3.68 3.02
1.52 1.27 5.66 5.87 6.72 3.77 4.25 5.92 3.50 3.28 6.96 5.92 4.53
Operating Profit -0.38 -0.33 -1.10 1.06 0.27 -0.82 -1.59 -1.47 -1.36 -1.23 -2.16 -2.24 -1.51
OPM % -33.33% -35.11% -24.12% 15.30% 3.86% -27.80% -59.77% -33.03% -63.55% -60.00% -45.00% -60.87% -50.00%
0.07 0.07 0.07 0.02 3.91 0.12 0.22 0.01 0.17 -0.02 0.15 0.02 0.16
Interest 0.03 0.04 0.17 0.08 0.09 0.05 0.07 0.08 0.03 0.05 0.31 0.01 0.01
Depreciation 0.03 0.05 0.10 0.06 0.06 0.06 0.18 0.07 0.07 0.07 0.21 0.08 0.17
Profit before tax -0.37 -0.35 -1.30 0.94 4.03 -0.81 -1.62 -1.61 -1.29 -1.37 -2.53 -2.31 -1.53
Tax % 27.03% 25.71% 11.54% 0.00% 17.62% 14.81% -24.07% 0.00% 0.00% 0.00% -5.14% 0.00% 0.00%
Net Profit -0.27 -0.26 -1.15 0.94 3.32 -0.69 -2.00 -1.61 -1.30 -1.38 -2.65 -2.31 -1.53
EPS in Rs -0.72 -0.69 -2.90 2.37 7.10 -1.48 -4.28 -3.44 -2.78 -2.95 -5.67 -4.94 -3.27
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 TTM
5.80 6.69 6.57 7.28 9.87 19.34 13.44 13.55
6.76 8.02 7.35 8.56 12.96 20.42 19.81 20.69
Operating Profit -0.96 -1.33 -0.78 -1.28 -3.09 -1.08 -6.37 -7.14
OPM % -16.55% -19.88% -11.87% -17.58% -31.31% -5.58% -47.40% -52.69%
0.14 2.27 0.16 0.18 0.54 4.27 0.30 0.31
Interest 0.32 0.34 0.20 0.07 0.38 0.29 0.31 0.38
Depreciation 0.18 0.09 0.12 0.20 0.26 0.36 0.43 0.53
Profit before tax -1.32 0.51 -0.94 -1.37 -3.19 2.54 -6.81 -7.74
Tax % 34.09% 45.10% -3.19% 0.73% 10.66% 40.94% -1.91%
Net Profit -0.88 0.28 -0.97 -1.36 -2.85 1.50 -6.93 -7.87
EPS in Rs -3.07 0.98 -3.39 -3.62 -7.19 3.21 -14.83 -16.83
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 23%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -41%
Stock Price CAGR
10 Years: 14%
5 Years: 28%
3 Years: 36%
1 Year: -21%
Return on Equity
10 Years: %
5 Years: -31%
3 Years: -33%
Last Year: -41%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
2.86 2.86 2.86 3.76 3.96 4.67 4.67 4.67
Reserves -0.49 2.54 0.94 1.74 3.87 8.79 16.07 12.23
2.32 2.57 0.50 0.59 4.23 2.58 0.61 0.09
1.48 2.01 1.93 2.65 4.84 2.89 2.46 3.07
Total Liabilities 6.17 9.98 6.23 8.74 16.90 18.93 23.81 20.06
1.15 5.34 1.29 2.20 6.77 7.69 8.74 8.51
CWIP 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 0.61
4.76 3.27 3.54 3.54 10.00 10.38 14.46 10.94
Total Assets 6.17 9.98 6.23 8.74 16.90 18.93 23.81 20.06

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 67.97 64.38 87.22 65.68 91.71 35.48 43.72
Inventory Days 107.30 102.89 68.10 82.64 197.54 136.34 204.03
Days Payable 89.71 82.47 66.57 95.04 184.51 86.86 179.32
Cash Conversion Cycle 85.56 84.79 88.75 53.28 104.75 84.95 68.43
Working Capital Days 67.97 -79.66 59.44 17.05 -80.62 18.87 90.16
ROCE % -19.75% -12.55% -25.02% -30.96% -8.04% -34.77%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
40.94 40.94 38.78 38.79 38.80 38.84 38.87 38.87 38.94 38.97 38.55 38.55
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
59.04 59.04 61.20 61.19 61.18 61.14 61.11 61.11 61.04 61.01 61.45 61.43

* 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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