Ador Fontech Ltd

Ador Fontech Ltd

₹ 146 -0.14%
21 Feb - close price
About

Ador Fontech Limited was incorporated on August 22, 1974, and started the work of repair welding on December 1, 1979. Initially, it was functioning as a trading unit under the banner of ‘Cosmics General Engineering’. Today, the Company is a manufacturing organization and a total solution provider. The company supplies products, services, and solutions under the industrial components by implementing value-added reclamation, fusion, surfacing, spraying, and environmental solutions.[1]

Key Points

Business Overview: [1]
Ador Fontech Limited (AFL) helps in the conservation of mineral resources as well as in reducing downtime and inventory costs. It works for the life enhancement of industrial components and has a well-developed network of Authorised Dealers who are channel partners in the dispersion of service across the nation alongside industrial belts.

  • Market Cap 510 Cr.
  • Current Price 146
  • High / Low 170 / 79.5
  • Stock P/E 20.0
  • Book Value 41.2
  • Dividend Yield 3.43 %
  • ROCE 22.4 %
  • ROE 15.8 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.43%.
  • Company has delivered good profit growth of 21.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 68.4%

Cons

  • The company has delivered a poor sales growth of 6.61% 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
39.59 46.18 53.27 51.87 49.46 50.14 48.74 50.53 52.93 55.58 48.57 52.63 48.35
33.60 37.93 45.03 44.33 41.54 41.74 41.83 43.48 44.85 46.17 41.29 43.97 41.14
Operating Profit 5.99 8.25 8.24 7.54 7.92 8.40 6.91 7.05 8.08 9.41 7.28 8.66 7.21
OPM % 15.13% 17.86% 15.47% 14.54% 16.01% 16.75% 14.18% 13.95% 15.27% 16.93% 14.99% 16.45% 14.91%
0.48 1.01 0.89 1.57 0.92 2.28 1.08 1.11 1.50 0.55 1.46 1.12 2.03
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 0.61 0.53 0.57 0.62 0.63 0.89 0.82 0.90 0.92 0.48 0.70 0.73 0.73
Profit before tax 5.86 8.73 8.56 8.49 8.21 9.79 7.17 7.26 8.66 9.48 8.04 9.05 8.51
Tax % 28.33% 46.62% 12.50% 32.27% 21.07% 41.57% 29.43% 33.61% 22.63% 32.59% 25.12% 26.08% 25.38%
4.20 4.66 7.49 5.75 6.48 5.72 5.06 4.82 6.70 6.39 6.02 6.69 6.35
EPS in Rs 1.20 1.33 2.14 1.64 1.85 1.63 1.45 1.38 1.91 1.83 1.72 1.91 1.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
158 150 139 137 142 146 151 184 175 147 205 208 205
129 128 119 117 127 132 137 164 158 126 173 176 173
Operating Profit 28 22 20 20 16 14 13 20 17 20 32 31 33
OPM % 18% 15% 15% 14% 11% 10% 9% 11% 10% 14% 16% 15% 16%
3 12 3 4 4 3 3 3 3 2 6 4 5
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 3 3 4 3 3 3 3 3 2 3 3 3
Profit before tax 28 31 20 20 16 13 13 20 17 20 35 33 35
Tax % 34% 33% 36% 33% 37% 33% 33% 31% 34% 37% 27% 29%
19 21 13 13 10 9 9 14 11 13 25 23 25
EPS in Rs 5.38 5.91 3.65 3.81 2.96 2.52 2.57 3.95 3.24 3.63 7.27 6.58 7.27
Dividend Payout % 28% 30% 48% 46% 59% 59% 58% 44% 56% 61% 69% 76%
Compounded Sales Growth
10 Years: 3%
5 Years: 7%
3 Years: 6%
TTM: 1%
Compounded Profit Growth
10 Years: 4%
5 Years: 22%
3 Years: 27%
TTM: 14%
Stock Price CAGR
10 Years: 17%
5 Years: 23%
3 Years: 53%
1 Year: 73%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 16%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 4 4 4 4 7 7 7 7 7
Reserves 61 74 80 86 89 91 101 109 102 115 133 142 137
2 2 2 2 2 0 0 0 0 0 0 0 0
37 37 34 37 38 36 28 27 35 29 29 26 24
Total Liabilities 103 117 119 128 132 131 132 140 144 150 169 175 168
15 19 21 21 22 20 19 17 27 26 28 28 27
CWIP 2 0 0 0 0 0 1 1 2 2 0 0 0
Investments 3 7 10 10 10 15 22 28 20 27 30 31 34
82 91 88 97 100 96 91 94 96 94 111 115 107
Total Assets 103 117 119 128 132 131 132 140 144 150 169 175 168

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
12 7 6 14 7 2 4 7 24 5 17 24
-5 1 1 -1 -1 -1 0 -2 -9 -4 -9 -9
-5 -6 -7 -7 -7 -6 -2 -6 -14 -3 -8 -14
Net Cash Flow 1 1 1 6 -2 -5 3 -1 0 -3 -0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 47 63 72 72 84 76 62 46 69 68 49 54
Inventory Days 86 103 112 120 111 106 92 75 109 120 74 68
Days Payable 47 60 44 45 59 85 57 54 96 89 69 54
Cash Conversion Cycle 86 105 140 147 135 97 98 68 82 99 54 67
Working Capital Days 44 66 90 86 82 93 92 85 88 100 77 88
ROCE % 49% 33% 24% 23% 18% 14% 13% 18% 15% 17% 27% 22%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
39.27% 39.28% 39.28% 39.23% 39.23% 39.23% 39.22% 39.22% 39.22% 39.22% 39.22% 39.22%
4.87% 4.86% 0.15% 0.25% 0.25% 0.19% 0.19% 0.19% 0.19% 0.23% 0.19% 0.19%
2.49% 2.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
53.37% 53.56% 60.57% 60.52% 60.52% 60.58% 60.57% 60.58% 60.58% 60.54% 60.57% 60.57%
No. of Shareholders 7,8188,67912,16812,45613,67314,34314,30813,80613,24812,95513,45113,481

* 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.

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