Ador Welding Ltd.

NSE: ADORWELD BSE: 517041 SECTOR: Electrodes & Welding Equipment  68k   71   7

1150.40
-1.50 (-0.13%)
NSE: Today, 03:56 PM

Price Summary

Today's High

₹ 1164.6

Today's Low

₹ 1140.05

52 Week High

₹ 1270.1

52 Week Low

₹ 589.5

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1564.37 Cr.

Enterprise Value

1557.65 Cr.

No. of Shares

1.36 Cr.

P/E

26.39

P/B

4.84

Face Value

₹ 10

Div. Yield

1.52 %

Book Value (TTM)

₹  237.9

CASH

7.4 Cr.

DEBT

0.68 Cr.

Promoter Holding

56.9 %

EPS (TTM)

₹  43.6

Sales Growth

47.89%

ROE

17.4 %

ROCE

23.36%

Profit Growth

476.9 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year47.89%
3 Year8.9%
5 Year8.42%

Profit Growth

1 Year476.9%
3 Year23.74%
5 Year20.05%

ROE%

1 Year17.4%
3 Year7.49%
5 Year7.89%

ROCE %

1 Year23.36%
3 Year11%
5 Year11.65%

Debt/Equity

0.0024

Price to Cash Flow

59.41

Interest Cover Ratio

11.0396551724138

CFO/PAT (5 Yr. Avg.)

1.42635582337252

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 56.9 0
Dec 2022 56.9 0
Sep 2022 56.9 0
Jun 2022 56.9 0
Mar 2022 56.9 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 23.742243580991% for the Past 3 years.
  • The company has significantly decreased its debt by 27.32 Cr.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 11.0396551724138.
  • Company’s PEG ratio is 0.0553265738307666.
  • The company has an efficient Cash Conversion Cycle of 36.7104368724336 days.
  • Company has a healthy liquidity position with current ratio of 2.05055611729019.
  • The company has a good cash flow management; CFO/PAT stands at 1.42635582337252.
  • The company has a high promoter holding of 56.9%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 7.80919988191934.

 Limitations

  • The company has shown a poor revenue growth of 8.90300081884956% for the Past 3 years.
  • Company has a poor ROE of 7.49021694797597% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 199.81 157.88 184.87 198.53 235.48
Total Expenditure 182.14 141.59 169.73 174.5 203.7
Operating Profit 17.67 16.29 15.14 24.03 31.78
Other Income 1.44 2.03 1.55 1.82 1.24
Interest 0.74 0.41 0.5 0.76 0.69
Depreciation 2.83 2.76 2.85 2.89 3.05
Exceptional Items 1.67 -1.25 0 -0.21 0.66
Profit Before Tax 17.21 13.9 13.34 21.99 29.94
Tax 4.02 3.44 3.36 5.63 7.39
Profit After Tax 13.19 10.46 9.98 16.36 22.55
Adjusted EPS (Rs) 9.7 7.69 7.34 12.03 16.58

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 457.74 512.15 525.56 447.28 661.48
Total Expenditure 422.92 467.62 483.85 425.64 601.01
Operating Profit 34.82 44.53 41.71 21.64 60.47
Other Income 9.71 10.42 9.08 7.31 5.41
Interest 6.2 10.57 10.04 8.16 5.8
Depreciation 10.08 9.6 10.68 11.1 10.83
Exceptional Items 0 0 0 -25.37 8.98
Profit Before Tax 28.25 34.78 30.07 -15.68 58.23
Tax 9.69 10.93 4.45 -3.69 13.04
Net Profit 18.56 23.85 25.62 -11.99 45.19
Adjusted EPS (Rs.) 13.65 17.54 18.84 -8.82 33.23

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 13.6 13.6 13.6 13.6 13.6
Total Reserves 234.11 249.8 235.3 223.83 268.41
Borrowings 0 0 0 0 0.6
Other N/C liabilities 46 49.41 29.57 34.45 33.73
Current liabilities 172.08 155.6 180.32 146.97 118.68
Total Liabilities 465.79 468.41 458.79 418.85 435.02
Assets
Net Block 93.15 105.81 116.43 116.42 116.68
Capital WIP 0.75 1.02 0.28 3.27 7.06
Intangible WIP 0.02 0.05 0.05 0 0.04
Investments 12.6 12.4 11.63 2.13 2.13
Loans & Advances 61.99 63.71 53.05 63.59 58.07
Other N/C Assets 3.67 5.51 7.14 7.38 7.68
Current Assets 293.61 279.91 270.21 226.06 243.36
Total Assets 465.79 468.41 458.79 418.85 435.02
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 28.25 34.78 30.07 -15.68 58.23
Adjustment 13.6 17.46 23.63 50.69 4.34
Changes in Assets & Liabilities -68.94 20.9 -29.53 42.24 -21.92
Tax Paid -9.83 -10.13 -11.18 1.73 -14.32
Operating Cash Flow -36.92 63.01 12.99 78.98 26.33
Investing Cash Flow 0.28 -19.12 -21.41 -6.54 -5.46
Financing Cash Flow 32.52 -33.34 -13.23 -60.58 -31.37
Net Cash Flow -4.12 10.55 -21.65 11.86 -10.5

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 56.90 56.90 56.90 56.90 56.90
j b advani and com... 50.01 50.01 50.01 50.01 50.01
aruna bhagwan adva... 2.17 2.17 2.17 2.17 2.17
ninotchka malkani ... 0.60 1.43 1.45 1.45 1.47
aditya tarachand m... 0.76 0.91 0.91 0.91 0.91
gulshan gulu malka... 0.82 - - - -
michelle gulu malk... 0.58 0.58 0.58 0.58 0.58
rajbir tarachand m... 0.41 0.47 0.49 0.49 0.50
ajit t mirchandani 0.47 0.47 0.47 0.47 0.47
gulu hiranand malk... - - - - -
priya darshini lam... 0.36 0.36 0.36 0.36 0.36
deep ashda lalvani 0.14 0.14 0.10 0.08 0.03
vimla ashda lalvani 0.14 0.14 0.14 0.14 0.14
shirin aditya malk... 0.12 0.12 0.13 0.13 0.14
ravin mirchandani 0.06 0.06 0.06 0.06 0.06
reshma ashda lalva... 0.03 0.03 0.03 0.05 0.05
pravena krishna ma... 0.01 0.01 0.01 0.01 0.01
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 43.10 43.10 43.10 43.10 43.10
reliance capital t... 6.46 - - - -
reliance capital t... - - - - -
reliance capital t... - - - - -
nippon life india ... - 3.41 2.49 2.49 2.49
sundaram mutual fu... 4.90 - - - -
sundaram mutual fu... - - - - -
ashish kacholia - 3.22 4.22 4.38 4.38
sundaram mutual fu... - 3.29 - - -
girish gulati huf . - 2.94 2.94 2.94 2.94
sundaram alternati... 2.35 - - - -
sundaram mutual fu... - - 2.31 1.96 -
sundaram alternati... - - - - -
investor education... - - 1.76 1.87 1.87
ithoughtwealth ana... 1.25 - - - -
iepf 1.53 1.76 - - -
investor education... - - - - -
tata infrastructur... 1.32 - - - -
llp - - 0.10 0.10 0.10

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Ador Welding - Quaterly Results30 May 2023, 6:48PM Ador Welding - Quaterly Results30 May 2023, 6:48PM Ador Welding informs about loss of share certificate16 May 2023, 2:13PM Ador Welding informs about details of loss of certificate4 May 2023, 4:59PM Ador Welding informs about loss of share certificates27 Feb 2023, 10:48AM Ador Welding informs about loss of share certificate 24 Feb 2023, 10:28AM Ador Welding informs about scheme of arrangement23 Feb 2023, 4:44PM Ador Welding - Quaterly Results3 Feb 2023, 7:06PM Ador Welding - Quaterly Results3 Feb 2023, 7:06PM Ador Welding - Quaterly Results3 Feb 2023, 7:06PM Ador Welding informs about loss of share certificate3 Feb 2023, 10:57AM Ador Welding informs about loss of share certificate27 Jan 2023, 3:15PM Ador Welding informs about details of loss of certificate 18 Jan 2023, 4:45PM Ador Welding informs about compliance certificate11 Jan 2023, 3:07PM Ador Welding informs about loss of original share certificate 27 Dec 2022, 12:41PM Ador Welding informs about loss of share certificate19 Dec 2022, 1:55PM Ador Welding informs about loss of original share certificates28 Nov 2022, 1:14PM Ador Welding informs about details of loss of certificate 15 Nov 2022, 5:17PM Ador Welding informs about details of loss of certificate 8 Nov 2022, 12:13PM Ador Welding - Quaterly Results4 Nov 2022, 6:19PM Ador Welding - Quaterly Results4 Nov 2022, 6:19PM Ador Welding informs about loss of share certificates21 Oct 2022, 3:39PM Ador Welding informs about loss of share certificates19 Oct 2022, 11:57AM Ador Welding informs about board meeting procedure18 Oct 2022, 5:21PM Ador Welding informs about details of loss of certificate 2 Sep 2022, 5:15PM Ador Welding - Quaterly Results11 Aug 2022, 5:30PM Ador Welding - Quaterly Results11 Aug 2022, 5:30PM Ador Welding - Quaterly Results11 Aug 2022, 5:30PM Ador Welding receives LoA worth Rs 145 crore 21 Jul 2022, 10:29AM Ador Welding informs about newspaper publication 5 Jul 2022, 5:08PM Ador Welding informs about loss of share certificate23 Jun 2022, 5:05PM Ador Welding - Quaterly Results20 May 2022, 7:59PM Ador Welding - Quaterly Results20 May 2022, 7:59PM Ador Welding - Quaterly Results10 Feb 2022, 8:28PM Ador Welding - Quaterly Results10 Feb 2022, 8:28PM Ador Welding informs about loss of share certificate14 Dec 2021, 2:37PM Ador Welding informs about issuance of duplicate certificates13 Dec 2021, 12:52PM Ador Welding informs about annual report17 Jul 2021, 10:51AM Ador Welding informs about AGM17 Jul 2021, 10:47AM Ador Welding submits certificate24 Apr 2021, 4:50PM Ador Welding submits annual secretarial compliance report28 Jul 2020, 3:27PM

Ador Welding Stock Price Analysis and Quick Research Report. Is Ador Welding an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Ador Welding has a PE ratio of 26.3850185204298 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Ador Welding has ROA of 10.5847494349257 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Ador Welding has a Current ratio of 2.05055611729019 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Ador Welding has a ROE of 17.3995071615586 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Ador Welding has a D/E ratio of 0.0024 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Ador Welding has an Inventory turnover ratio of 8.67913140457915 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Ador Welding has reported revenue growth of 47.8894652119478 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Ador Welding for the current financial year is 9.14162181774204 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Ador Welding is Rs 12.5 and the yield is 1.5217 %.

Brief about Ador Welding

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