Ador Fontech Ltd. - (Amalgamated) - Stock Valuation and Financial Performance

BSE: 530431 | NSE: | Electrodes & Welding Equipment | Small Cap

Ador Fon-(Amalgamat) Share Price

142.50 0.00 0.00%
as on 24-Sep'24 16:01

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Ador Fontech Ltd. - (Amalgamated) stock performance -

mw4me loader
P/E Ratio (SA):
19.44
Market Cap:
498.8 Cr.
52-wk low:
112
52-wk high:
169.7

Is an attractive stock to invest in?

1. Is a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ador Fontech Ltd. - (Amalgamated) is a good quality company.

2. Is undervalued or overvalued?

The key valuation ratios of Ador Fontech Ltd. - (Amalgamated)'s currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Ador Fon-(Amalgamat):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ador Fontech Ltd. - (Amalgamated) has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 24.8%23%18.1%14.3%13.6%18.8%15.6%17.5%27%22.7%-
Value Creation
Index
0.80.60.30.00.00.30.10.30.90.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 139137143146151184175147205208198
Sales YoY Gr.--1.4%4.2%2.2%3.1%22.3%-5.2%-16.2%39.6%1.5%-
Adj EPS 3.73.73.12.52.33.93.23.66.96.67.3
YoY Gr.-2.5%-16.8%-19%-9.5%69.3%-16.8%12.5%90%-4.1%-
BVPS (₹) 23.825.526.32729.73231.134.839.942.646.4
Adj Net
Profit
12.813.110.98.8813.511.212.6242326
Cash Flow from Ops. 6.4146.92.24.57.123.55.117.124-
Debt/CF from Ops. 0.30.100000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.5%6.6%5.9%1.5%
Adj EPS 6.8%23.6%27%-4.1%
BVPS6.7%7.4%11%6.6%
Share Price 10.8% 27.5% 31.3% -1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.915.2129.48.112.510.21118.41616.5
Op. Profit
Mgn %
14.614.311.69.68.4119.813.815.814.914
Net Profit
Mgn %
9.29.57.665.37.36.48.611.711.113
Debt to
Equity
0000000000-
Working Cap
Days
144155157170158128146175125129109
Cash Conv.
Cycle
8899989476586176474991

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Ador Fontech Ltd. - (Amalgamated)

Standalone Consolidated
TTM EPS (₹) 7.3 6.5
TTM Sales (₹ Cr.) 198 204
BVPS (₹.) 46.4 39
Reserves (₹ Cr.) 155 129
P/BV 3.07 3.66
PE 19.44 21.97
From the Market
52 Week Low / High (₹) 112.00 / 169.70
All Time Low / High (₹) 0.70 / 169.70
Market Cap (₹ Cr.) 499
Equity (₹ Cr.) 7
Face Value (₹) 2
Industry PE 34.8

Management X-Ray of Ador Fon-(Amalgamat):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ador Fon-(Amalgamat)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales139.44137.43143.17146.31150.84184.43174.92146.67204.77207.78
Operating Expenses 119.13117.81127.38132.32138.20164.18157.78126.39172.37177.02
Manufacturing Costs7.327.869.1610.8611.5815.4416.1412.3216.5518.02
Material Costs78.4974.2381.8685.3386.22103.2596.2576.50112.65120.60
Employee Cost 18.7919.8521.4022.8623.8125.2726.9823.8627.6125.41
Other Costs 14.5315.8714.9613.2716.5920.2218.4113.7115.5612.99
Operating Profit 20.3119.6215.7913.9912.6420.2517.1420.2832.4030.76
Operating Profit Margin (%) 14.6%14.3%11.0%9.6%8.4%11.0%9.8%13.8%15.8%14.8%
Other Income 2.674.133.902.593.902.802.742.395.665.18
Interest 0.170.150.130.230.100.220.190.110.300.25
Depreciation 2.803.553.123.263.022.762.642.472.723.12
Exceptional Items 0000000000
Profit Before Tax 20.0120.0516.4413.0913.4220.0717.0520.0935.0432.57
Tax 7.246.706.074.264.446.255.727.389.609.54
Profit After Tax 12.7713.3510.378.838.9813.8211.3312.7125.4423.03
PAT Margin (%) 9.2%9.7%7.2%6.0%6.0%7.5%6.5%8.7%12.4%11.1%
Adjusted EPS (₹)3.73.83.02.52.64.03.23.67.36.6
Dividend Payout Ratio (%)48%46%59%59%58%44%56%61%55%76%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 83.3689.1192.1194.62104.05112.15108.79121.77139.69148.91
Share Capital 3.503.503.503.503.503.507777
Reserves 79.8685.6188.6191.12100.55108.65101.79114.77132.69141.91
Minority Interest0000000000
Debt1.851.7000000000
Long Term Debt1.851.7000000000
Short Term Debt0000000000
Trade Payables9.429.0913.3119.8613.4715.1725.3318.6521.3117.93
Others Liabilities 21.5224.9923.8413.3512.1610.648.919.937.987.96
Total Liabilities 116.15124.89129.26127.83129.68137.96143.03150.35168.98174.80

Fixed Assets

Gross Block35.4338.4441.9142.1237.3437.9550.4851.7156.1857.44
Accumulated Depreciation14.4317.5620.0521.9818.6921.2123.5125.4728.0829.35
Net Fixed Assets2120.8821.8620.1418.6516.7426.9726.2428.1028.09
CWIP 000.0400.551.151.552.4400
Investments 9.669.9710.0314.6121.5927.6419.8427.3529.9031.27
Inventories24.0924.3224.8924.7221.8021.2928.6925.2322.7422.38
Trade Receivables27.2427.1932.5730.4725.7823.393327.2227.5530.51
Cash Equivalents 25.2031.2729.6224.8826.5625.8821.1426.9638.4441.33
Others Assets8.9611.2610.2513.0114.7521.8711.8414.9122.2521.22
Total Assets 116.15124.89129.26127.83129.68137.96143.03150.35168.98174.80

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6.3513.986.922.234.457.0723.515.0517.0824
PBT 20.0120.0516.4413.0913.4220.0717.0520.0935.0532.57
Adjustment 0.39-6.57-7.90-3.61-0.200.741.171.080.04-0.12
Changes in Working Capital -7.670.5-1.62-7.25-4.77-7.319.08-10.3-7.76-0.55
Tax Paid -6.38000-4-6.43-3.79-5.82-10.25-7.90
Cash Flow From Investing Activity 1.47-0.55-1.42-0.590.43-1.58-8.69-4.11-9.03-8.72
Capex -4.87-3.77-4.14-1.50-1.52-0.86-12.86-1.74-4.55-3.11
Net Investments -2.89-0.31-0.06-1.68-1.40-2.65-2.445.121.88-7.50
Others 9.233.532.782.593.351.936.61-7.49-6.361.89
Cash Flow From Financing Activity -7.21-7.36-7.15-6.38-1.55-6.45-14.47-3.46-8.30-14
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.04-0.0400000000
Dividend Paid -7.05-6.13-7.38-6.320-6.32-14.980-7.70-14
Others -0.12-1.190.23-0.06-1.55-0.130.51-3.46-0.600
Net Cash Flow 0.616.07-1.65-4.743.33-0.960.35-2.52-0.251.28
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.8515.4811.449.469.0412.7810.2611.0319.4615.96
ROCE (%)24.7722.9518.1214.2713.6118.7715.6117.5227.0322.74
Asset Turnover Ratio1.281.211.191.141.171.381.2511.281.21
PAT to CFO Conversion(x)0.51.050.670.250.50.512.080.40.671.04
Working Capital Days
Receivable Days66687279684959754951
Inventory Days59615962564352674340
Payable Days544650717151771056559

Ador Fontech Ltd. - (Amalgamated) Stock News

Ador Fontech Ltd. - (Amalgamated) FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ador Fon-(Amalgamat) on 24-Sep-2024 16:01 is ₹142.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2024 16:01 the market cap of Ador Fon-(Amalgamat) stood at ₹498.8.
The latest P/E ratio of Ador Fon-(Amalgamat) as of 24-Sep-2024 16:01 is 19.44.
The latest P/B ratio of Ador Fon-(Amalgamat) as of 24-Sep-2024 16:01 is 3.07.
The 52-week high of Ador Fon-(Amalgamat) is ₹169.7 and the 52-week low is ₹112.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ador Fon-(Amalgamat) is ₹197.9 ( Cr.) .

About Ador Fontech Ltd. - (Amalgamated)

Ador Fontech incorporated as Cosmics Electronics and Ancillaries Private Limited on 22nd August, 1974. The company is into the business of supply of products, services and solutions that help in conservation of mineral reserves as well as in reducing down-time and inventory costs.

The product spectrum consists of low heat input welding alloys, solid and flux-cored wires, welding and cutting equipment, fume extraction products, in-situ machining systems, thermal spray products and hands-on rebuilding and reclamation services.

Milestones

  • 1974- Company got incorporated.
  • 1980- Company started its operations.
  • 1983- Company started new reclamation welding alloy developed for the Indian Railways in the H3 class.
  • 1985 - Ador Fontech finalised an exclusive distributorship for India from Sulzer Metco (Switzerland, Singapore & USA) for thermal spray equipment and materials.
  • 1987 - It launched of Fonmatic open arc FCAW wires and feeders.
  • 1988 - Company started Fontech training centre in Mumbai.
  • 1992 - Ador Fontech acquired FIST India Private Limited and Kostech India Private Limited merger with itself. The number of shareholders was increased from 112 to 1874 and equity capital increased from Rs. 48 lakh to Rs. 169 lakh.
  • 1994 - Company further increased equity capital increased to Rs 225 lakh.
  • 1995 - Ador Fontech successfully completed public issue and raise the equity capital to Rs 350 lakh.
  • 1996 - Company received ISO 9002 Certification. The same year it launched Arcofon range of superior wear resistance technology wear plates.
  • 1997 - Company bagged exclusive distributorship for copper and copper alloys from Bedra (Germany).
  • 1998 – Company received exclusive distributorship for Gasflux range of products and services. It received approval of special welding alloys from defence organisations for armour steel welding. It also exclusive distributorship for Euromate (Holland) range of welding fume extraction equipment and systems.
  • 1999 - Ador Fontech received exclusive distributorship for CEA (Italy) range of inverter welding equipment.
  • 2000 - Company bagged exclusive distributorship for CEPRO (Netherlands) range of world class 'welding spot separation' products.
  • 2002 - It received distributorship for Soitaab (Italy) range of cutting systems.
  • 2004 - Ador Fontech started manufacturing unit for low heat input welding alloys at Bangalore.
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