Is Ador Welding a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ador Welding Ltd is a average quality company .

Is Ador Welding undervalued or overvalued?

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

What is Ador Welding share price return in the past 10 years?

Ador Welding Ltd share price has appreciated 18.3% annually (CAGR) over the past ten years.

Is Ador Welding a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ador Welding Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Ador Welding Ltd - Stock Valuation and Financial Performance

Name: Ador Welding
Brand: Ador Welding

BSE: 517041 | NSE: ADORWELD | Electrodes & Welding Equipment | Small Cap

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Ador Welding Share Price

₹1,133.70 -1.85 -0.16%
as on 26-Dec'24 16:01

10 Year X-Ray of Ador Welding:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	25.6%	15.8%	11.9%	11.5%	13.8%	12.2%	-2.5%	23.4%	26.7%	24.4%	-
Value Creation Index ⓘ	0.8	0.1	-0.2	-0.2	0.0	-0.1	-1.2	0.7	0.9	0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	387	407	441	458	512	526	447	661	777	884	966
Sales YoY Gr.	-	5.2%	8.5%	3.7%	11.9%	2.6%	-14.9%	47.9%	17.4%	13.8%	-
Adj EPS ⓘ	8	16.7	12.3	12.3	15.1	17.5	3.9	26.5	42.7	44.9	18.1
YoY Gr.	-	107.4%	-26.3%	-0.2%	23.1%	16%	-77.7%	580%	61.2%	5%	-
BVPS (₹) ⓘ	150	160.7	174.6	182.1	193.7	183	174.6	207.3	237.9	266.5	276.2
Adj Net Profit ⓘ	10.9	22.6	16.7	16.7	20.5	23.8	5.3	36.1	58.1	61	31
Cash Flow from Ops. ⓘ	0.8	22.4	0.1	-36.9	63	13	79	26.4	13.7	34.5	-
Debt/CF from Ops. ⓘ	0.6	0	253.4	-2.2	1	6.3	0.4	0	1.2	1.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.6%	11.5%	25.5%	13.8%
Adj EPS ⓘ	21.1%	24.4%	125.7%	5%
BVPSⓘ	6.6%	6.6%	15.1%	12%
Share Price	18.3%	31.4%	18.6%	-24.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	5.7	10.7	7.3	6.9	8	9.3	2.2	13.9	19.2	17.8	6.7
Op. Profit Mgn % ⓘ	7.3	10.3	7.1	7.8	8.7	8.1	5.1	9.2	11.4	10.3	9.2
Net Profit Mgn % ⓘ	2.8	5.6	3.8	3.6	4	4.5	1.2	5.5	7.5	6.9	3.3
Debt to Equity ⓘ	0	0	0.2	0.3	0.3	0.3	0.1	0	0.1	0.1	0
Working Cap Days ⓘ	157	154	185	242	234	222	241	153	136	130	66
Cash Conv. Cycle ⓘ	60	56	40	40	43	59	81	49	59	71	36

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.49%

Net Profit is growing at healthy rate in last 3 years 125.73%

Return on Equity has declined versus last 3 years average to 6.70%

Sales growth is not so good in last 4 quarters at 8.67%

Latest Financials - Ador Welding Ltd.

	Standalone	Consolidated
TTM EPS (₹)	18.1	28.7
TTM Sales (₹ Cr.)	966	741
BVPS (₹.) ⓘ	276.2	0
Reserves (₹ Cr.) ⓘ	463	460
P/BV ⓘ	4.11	0.00
PE ⓘ	62.90	39.57

From the Market
52 Week Low / High (₹)	1107.05 / 1770.00
All Time Low / High (₹)	11.60 / 1770.00
Market Cap (₹ Cr.)	1,976
Equity (₹ Cr.)	17.4
Face Value (₹)	10
Industry PE ⓘ	39.7

Management X-Ray of Ador Welding:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Ador Welding

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ador Welding

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	387	407	441	458	512	526	447	661	777	884
Operating Expenses ⓘ	359	365	410	423	468	484	426	601	688	793
Manufacturing Costs	23	24	25	25	28	30	27	37	45	52
Material Costs	265	268	311	327	362	368	324	470	523	592
Employee Cost	37	38	39	38	41	42	38	49	57	73
Other Costs ⓘ	34	35	34	32	36	44	37	45	64	76
Operating Profit ⓘ	28	41	31	35	45	42	22	60	89	91
Operating Profit Margin (%)	7.3%	10.2%	7.0%	7.6%	8.7%	7.9%	4.8%	9.1%	11.4%	10.3%
Other Income ⓘ	6	6	9	10	10	9	7	5	7	13
Interest ⓘ	1	2	2	6	11	10	8	6	4	5
Depreciation ⓘ	12	12	11	10	10	11	11	11	12	13
Exceptional Items ⓘ	28	-2	0	0	0	0	-25	9	-1	0
Profit Before Tax ⓘ	48	32	27	28	35	30	-16	58	79	86
Tax ⓘ	16	9	9	10	11	4	-4	13	20	22
Profit After Tax	32	23	18	19	24	26	-12	45	59	63
PAT Margin (%)	8.4%	5.6%	4.1%	4.1%	4.7%	4.9%	-2.7%	6.8%	7.6%	7.1%
Adjusted EPS (₹)	23.8	16.7	13.3	13.7	17.5	18.8	-8.8	33.1	43.6	46.5
Dividend Payout Ratio (%)	21%	30%	38%	37%	37%	35%	0%	38%	40%	40%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	204	218	237	248	263	249	237	282	324	362
Share Capital ⓘ	14	14	14	14	14	14	14	14	14	14
Reserves ⓘ	190	205	224	234	250	235	224	268	310	349
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	35	81	65	82	28	1	16	42
Long Term Debt	0	0	0	0	0	0	0	1	1	1
Short Term Debt	0	0	35	81	65	82	28	0	15	42
Trade Payables	41	78	73	75	67	73	77	78	73	70
Others Liabilities ⓘ	48	40	71	62	73	55	76	79	35	42
Total Liabilities ⓘ	293	337	417	466	468	459	419	439	447	516
Fixed Assets
Gross Block	230	241	238	248	267	287	284	282	286	299
Accumulated Depreciation	134	142	146	155	162	171	168	172	173	182
Net Fixed Assetsⓘ	96	99	92	93	106	116	116	110	113	117
CWIP ⓘ	2	1	4	1	1	0	3	7	2	25
Investmentsⓘ	7	12	24	15	16	14	12	20	20	23
Inventories	43	43	48	54	52	62	62	90	116	122
Trade Receivables	83	120	76	92	85	130	105	93	125	150
Cash Equivalents	20	14	22	17	28	6	18	8	7	3
Others Assetsⓘ	43	48	152	194	182	129	102	111	64	75
Total Assets ⓘ	293	337	417	466	468	459	419	439	447	516

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	1	22	0	-37	63	13	79	26	14	35
PBT ⓘ	20	34	27	28	35	30	-16	58	79	86
Adjustment ⓘ	12	11	9	14	17	24	51	4	18	13
Changes in Working Capital ⓘ	-26	-11	-26	-69	21	-30	42	-22	-65	-38
Tax Paid ⓘ	-5	-11	-10	-10	-10	-11	2	-14	-18	-26
Cash Flow From Investing Activity ⓘ	-8	-4	-11	0	-19	-21	-7	-5	-10	-37
Capex	-6	-15	-16	-9	-19	-22	-2	1	-14	-41
Net Investments	8	10	3	7	-3	-2	-6	-9	2	1
Others ⓘ	-10	1	2	2	2	2	2	2	2	3
Cash Flow From Financing Activityⓘ	-9	-9	19	33	-33	-13	-61	-31	-5	-2
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	-1	-1	-5	-9	-9	-6	-4	-2	-4
Dividend Paid ⓘ	-7	-7	-7	-7	-7	-18	0	0	-17	-24
Others ⓘ	-2	-2	26	44	-18	13	-54	-27	15	26
Net Cash Flow ⓘ	-17	10	7	-4	11	-22	12	-10	-1	-4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	16.82	10.72	7.95	7.65	9.33	10	-4.93	17.34	19.59	18.43
ROCE (%)	25.55	15.79	11.91	11.45	13.8	12.17	-2.52	23.36	26.66	24.43
Asset Turnover Ratio	1.41	1.43	1.28	1.05	1.1	1.13	1.02	1.54	1.75	1.84
PAT to CFO Conversion(x)	0.03	0.96	0	-1.95	2.63	0.5	N/A	0.58	0.24	0.56
Working Capital Days
Receivable Days	69	82	74	66	63	74	96	55	51	57
Inventory Days	40	35	34	40	38	40	51	42	48	49
Payable Days	64	81	88	82	71	69	85	60	53	44

Ador Welding Ltd Stock News

Ador Welding Ltd FAQs

What is the share price of Ador Welding?

Company share prices are keep on changing according to the market conditions. The closing price of Ador Welding on 26-Dec-2024 16:01 is ₹1,133.7.

What is the market cap of Ador Welding?

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 26-Dec-2024 16:01 the market cap of Ador Welding stood at ₹1,976.2.

What is the P/E ratio of Ador Welding?

The latest P/E ratio of Ador Welding as of 26-Dec-2024 16:01 is 62.90.

What is the P/B ratio of Ador Welding?

The latest P/B ratio of Ador Welding as of 26-Dec-2024 16:01 is 4.11.

What is the 52-week high and low of Ador Welding?

The 52-week high of Ador Welding is ₹1,770 and the 52-week low is ₹1,107.1.

What is the TTM revenue of Ador Welding?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ador Welding is ₹965.8 ( Cr.) .

About Ador Welding Ltd

Ador Welding (AWL) was incorporated in 1951 with an objective to offer finest range of welding consumables and equipment. AWL has also made large investments in project engineering and manufacturing of power generators and alternators.

AWL is a total solutions provider offering an up-to-date suite of welding and cutting consumables, power sources and accessories besides a full package of soft skills and knowledge development for welding and fabrication excellence.

The company operates three divisions through which it channelises solution based engineering experience are as follows:

Metal Joining Processes And Solutions â€“ This division covers the entire spectrum of metal joining processes. This includes welding, cutting and allied applications for all kinds of metals and every single industry and application.
Project Engineering Division - The Project Engineering Division offers customized solutions to multi-disciplinary projects and contracts in the area of combustion engineering, thermal engineering and fabrication engineering.
Energy Solutions â€“ The Electrical or Energy Management Solutions Division offers high-end configuration of hardware and software solutions to end-users and GOEMs in power, infrastructure, telecom and other sectors.

AWL has with four manufacturing plants for the production and supply of welding consumables, power sources, welding automation systems, cutting products and accessories.

The companyâ€™s three welding consumables plants are ISO 9001:2000 standard certified for quality management systems and ISO 14001:2004 standard (for environment management systems) while its equipment plant at Chinchwad is certified to ISO 9001:2000 standards.

Further, the company operates 26 area and territory offices and nine field offices. It also has strong market presence in region like the Gulf/Middle East, South East Asia and Africa.