Ador Fontech Ltd
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]
- Market Cap ₹ 488 Cr.
- Current Price ₹ 140
- High / Low ₹ 170 / 84.9
- Stock P/E 22.1
- Book Value ₹ 34.4
- Dividend Yield 3.58 %
- ROCE 21.2 %
- ROE 13.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.58%.
- Company has delivered good profit growth of 21.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 86.1%
Cons
- The company has delivered a poor sales growth of 7.10% over past five years.
- Promoter holding is low: 39.2%
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
140 | 139 | 142 | 147 | 152 | 186 | 177 | 150 | 210 | 214 | 212 | |
120 | 119 | 128 | 135 | 141 | 169 | 163 | 132 | 181 | 187 | 181 | |
Operating Profit | 20 | 19 | 15 | 12 | 11 | 17 | 15 | 17 | 28 | 28 | 31 |
OPM % | 14% | 14% | 10% | 8% | 8% | 9% | 8% | 12% | 14% | 13% | 15% |
3 | 4 | 4 | 3 | 3 | 3 | 3 | 2 | 4 | 3 | 4 | |
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 | 31 |
Tax % | 37% | 34% | 40% | 30% | 36% | 33% | 35% | 39% | 28% | 35% | |
12 | 13 | 9 | 7 | 7 | 11 | 9 | 10 | 21 | 18 | 22 | |
EPS in Rs | 3.50 | 3.74 | 2.66 | 2.06 | 1.99 | 3.14 | 2.52 | 2.87 | 6.09 | 5.02 | 6.31 |
Dividend Payout % | 50% | 47% | 66% | 73% | 76% | 56% | 71% | 77% | 82% | 100% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 7% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 26% |
TTM: | 29% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 22% |
3 Years: | 57% |
1 Year: | 62% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 14% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 7 | 7 | 7 | 7 | 7 |
Reserves | 79 | 84 | 87 | 88 | 96 | 101 | 92 | 102 | 116 | 120 | 113 |
2 | 2 | 3 | 0 | 2 | 3 | 6 | 2 | 0 | 0 | 0 | |
35 | 39 | 38 | 39 | 30 | 29 | 37 | 31 | 34 | 29 | 30 | |
Total Liabilities | 119 | 129 | 132 | 130 | 131 | 137 | 141 | 142 | 157 | 156 | 150 |
21 | 22 | 23 | 22 | 21 | 19 | 28 | 28 | 30 | 29 | 28 | |
CWIP | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 0 | 0 | 0 |
Investments | 9 | 8 | 8 | 11 | 16 | 19 | 11 | 18 | 20 | 14 | 5 |
89 | 99 | 101 | 98 | 94 | 98 | 101 | 94 | 108 | 112 | 117 | |
Total Assets | 119 | 129 | 132 | 130 | 131 | 137 | 141 | 142 | 157 | 156 | 150 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
6 | 13 | 7 | 1 | 3 | 5 | 19 | 9 | 20 | 18 | |
2 | 1 | -2 | 0 | 2 | -2 | -8 | -4 | -11 | -2 | |
-7 | -7 | -7 | -6 | -2 | -3 | -11 | -8 | -8 | -14 | |
Net Cash Flow | 1 | 7 | -3 | -5 | 3 | -1 | 0 | -2 | 0 | 2 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 72 | 73 | 84 | 76 | 62 | 46 | 69 | 67 | 49 | 54 |
Inventory Days | 112 | 118 | 111 | 106 | 96 | 76 | 108 | 121 | 75 | 68 |
Days Payable | 45 | 45 | 59 | 85 | 57 | 54 | 96 | 90 | 70 | 54 |
Cash Conversion Cycle | 139 | 146 | 135 | 97 | 101 | 68 | 81 | 99 | 54 | 67 |
Working Capital Days | 88 | 79 | 83 | 88 | 93 | 82 | 87 | 81 | 50 | 62 |
ROCE % | 23% | 17% | 11% | 11% | 16% | 13% | 16% | 25% | 21% |
Documents
Announcements
- Closure of Trading Window 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Mar - Newspaper publication: Re-appointment/extension of term of Mr. H P Ledwani (DIN 00040629)-Post dispatch of Postal Ballot Notice and details on e-Voting
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 29 Feb
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Feb - Newspaper clippings - Outcome of the Board Meeting
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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.