Reported Earnings • Jul 27
First quarter 2025 earnings released: EPS: ₹1.20 (vs ₹1.60 in 1Q 2024) First quarter 2025 results: EPS: ₹1.20 (down from ₹1.60 in 1Q 2024). Revenue: ₹461.1m (down 12% from 1Q 2024). Net income: ₹41.7m (down 25% from 1Q 2024). Profit margin: 9.0% (down from 11% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 18
Ador Fontech Limited to Report Q1, 2025 Results on Jul 26, 2024 Ador Fontech Limited announced that they will report Q1, 2025 results on Jul 26, 2024 Upcoming Dividend • May 10
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 25 May 2024. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 4.1%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.6%). Reported Earnings • May 01
Full year 2024 earnings released: EPS: ₹6.80 (vs ₹5.02 in FY 2023) Full year 2024 results: EPS: ₹6.80 (up from ₹5.02 in FY 2023). Revenue: ₹2.17b (up 1.5% from FY 2023). Net income: ₹237.4m (up 35% from FY 2023). Profit margin: 11% (up from 8.2% in FY 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 26
Ador Fontech Limited to Report Q4, 2024 Results on Apr 29, 2024 Ador Fontech Limited announced that they will report Q4, 2024 results on Apr 29, 2024 Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: ₹1.50 (vs ₹1.50 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.50 (in line with 3Q 2023). Revenue: ₹513.9m (down 5.7% from 3Q 2023). Net income: ₹51.0m (down 4.0% from 3Q 2023). Profit margin: 9.9% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹146, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 403% over the past three years. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹1.70 (vs ₹0.90 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.70 (up from ₹0.90 in 2Q 2023). Revenue: ₹551.6m (up 5.6% from 2Q 2023). Net income: ₹59.4m (up 87% from 2Q 2023). Profit margin: 11% (up from 6.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 29
Ador Fontech Limited to Report Q2, 2024 Results on Nov 07, 2023 Ador Fontech Limited announced that they will report Q2, 2024 results at 12:15 PM, Indian Standard Time on Nov 07, 2023 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹104, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 30x in the Machinery industry in India. Total returns to shareholders of 290% over the past three years. Upcoming Dividend • Jul 28
Upcoming dividend of ₹5.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 04 August 2023. Payment date: 10 September 2023. Payout ratio is on the higher end at 100%, however this is supported by cash flows. Trailing yield: 4.0%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.8%). Announcement • Jul 25
Ador Fontech Limited to Report Q1, 2024 Results on Aug 03, 2023 Ador Fontech Limited announced that they will report Q1, 2024 results on Aug 03, 2023 Reported Earnings • Jul 23
Full year 2023 earnings released: EPS: ₹5.02 (vs ₹6.09 in FY 2022) Full year 2023 results: EPS: ₹5.02 (down from ₹6.09 in FY 2022). Revenue: ₹2.14b (up 2.2% from FY 2022). Net income: ₹175.6m (down 18% from FY 2022). Profit margin: 8.2% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 23
Ador Fontech Limited Proposes Dividend for the Financial Year Ended March 31, 2023 Ador Fontech Limited proposed dividend of INR 5 (Rupees five only) per equity share for the financial year ended March 31, 2023. New Risk • Jun 11
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 118% Dividend yield: 4.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (118% cash payout ratio). Market cap is less than US$100m (₹3.98b market cap, or US$48.3m). Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹5.00 (vs ₹6.11 in FY 2022) Full year 2023 results: EPS: ₹5.00 (down from ₹6.11 in FY 2022). Revenue: ₹2.17b (up 3.6% from FY 2022). Net income: ₹175.6m (down 18% from FY 2022). Profit margin: 8.1% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 23
Ador Fontech Limited to Report Q4, 2022 Results on May 29, 2023 Ador Fontech Limited announced that they will report Q4, 2022 results on May 29, 2023 Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹1.50 (vs ₹1.40 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.50 (up from ₹1.40 in 3Q 2022). Revenue: ₹544.8m (up 7.5% from 3Q 2022). Net income: ₹53.1m (up 7.1% from 3Q 2022). Profit margin: 9.7% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jan 24
Ador Fontech Limited to Report Q3, 2023 Results on Feb 02, 2023 Ador Fontech Limited announced that they will report Q3, 2023 results on Feb 02, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Non-Executive & Independent Director Rafique Malik was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Second quarter 2023 earnings released: EPS: ₹0.90 (vs ₹1.40 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.90 (down from ₹1.40 in 2Q 2022). Revenue: ₹530.8m (flat on 2Q 2022). Net income: ₹31.8m (down 34% from 2Q 2022). Profit margin: 6.0% (down from 9.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Sep 09
Ador Fontech Limited Announces Executive Changes Ador Fontech Limited announced that Mr. R Krishna Kumar, Chief Operating Officer of the Company has resigned due to personal reasons. The Company places on record its acknowledgment to his service rendered to the organization. Consequent to the same, Mr. Melville Ferns who holds the position of Executive Vice President has been elevated as the Chief Operating Officer (COO). Reasons for change: New appointment on account of cessation from service by Mr. R Krishnakumar. Date of appointment and term of appointment: Mr. Melville Ferns has been appointed as the COO w.e.f. September 8, 2022. Brief profile: Mr. Melville Ferns graduated from Nagpur University and holds diploma in Marketing Management from the Xavier Institute of Management. He has successfully completed Advanced Management Programme from the Indian Institute of Management (IIM-Bengaluru) and Innovation & Corporate Entrepreneurship from the Indian School of Business (ISB-Hyderabad). He has served Ador Fontech over the last four decades in various departments & has handled multiple portfolios. Announcement • Aug 07
Ador Fontech Limited to Report Q1, 2023 Results on Aug 12, 2022 Ador Fontech Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Announcement • Jul 29
Ador Fontech Limited Recommends Dividend Ador Fontech Limited proposed the recommended dividend of INR 4 per equity share entailing payment of INR 140 million which is 200% of the equity base, at its 47th annual general meeting held on July 28, 2022. Upcoming Dividend • Jul 13
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 20 July 2022. Payment date: 27 August 2022. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.8%). Reported Earnings • Jul 05
Full year 2022 earnings released: EPS: ₹6.10 (vs ₹2.87 in FY 2021) Full year 2022 results: EPS: ₹6.10 (up from ₹2.87 in FY 2021). Revenue: ₹2.14b (up 43% from FY 2021). Net income: ₹213.9m (up 113% from FY 2021). Profit margin: 10.0% (up from 6.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jul 05
Ador Fontech Limited Recommends Dividend for the Financial Year Ended March 31, 2022 Ador Fontech Limited at its forty seventh Annual General Meeting to be held on July 28, 2022 recommended to declare dividend of INR 4 per equity share for the financial year ended March 31, 2022. Announcement • Jun 01
Ador Welding Limited (BSE:517041) agreed to acquire 73.68% stake in Ador Fontech Limited (BSE:530431) for INR 1.9 billion. Ador Welding Limited (BSE:517041) agreed to acquire 73.68% stake in Ador Fontech Limited (BSE:530431) for INR 1.9 billion on May 31, 2022. As part of the transaction, 5 (Five) equity shares of Ador Welding shall be issued for every 46 (forty-six) equity shares in Ador Fontech, pursuant to which, the shareholders of Ador Fontech would have 21.86% stake in Ador Welding. J. B. Advani and Company Pvt. Ltd. is a part of the Promoter Group, holding 26.32% stake, other Promoters holding 12.91% stake and Non- Promoter, Non-Public holds 60.77% stake in Ador. Post-Merger, Promoter group holding shall be 53.04% and Public holding shall be 46.96% in Ador. The transaction is approved by the board of Ador Fontech and is subject to receipt of approvals from our shareholders, creditors, other statutory and/or regulatory authorities, as may be required, including BSE Limited, Securities and Exchange Board of India (‘SEBI’) & the National Company Law Tribunal (‘NCLT’), Mumbai Bench and Bengaluru Bench. The transaction is expected to complete by March 31, 2023. Niranjan Kumar of Transaction Square LLP acted as Share Exchange Ratio Report and transaction advisor and Fedex Securities Limited acted as Fairness Opinion on the Share Exchange Ratio to Ador. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Non-Executive & Independent Director Rafique Malik was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.40 (up from ₹0.96 in 3Q 2021). Revenue: ₹515.2m (up 27% from 3Q 2021). Net income: ₹49.6m (up 47% from 3Q 2021). Profit margin: 9.6% (up from 8.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Announcement • Feb 01
Ador Fontech Limited to Report Q3, 2022 Results on Feb 09, 2022 Ador Fontech Limited announced that they will report Q3, 2022 results on Feb 09, 2022 Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 18% share price gain to ₹77.20, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 23x in the Machinery industry in India. Total returns to shareholders of 51% over the past three years. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS ₹1.40 (vs ₹0.76 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹548.6m (up 35% from 2Q 2021). Net income: ₹48.5m (up 82% from 2Q 2021). Profit margin: 8.8% (up from 6.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Announcement • May 28
Ador Fontech Limited Recommends Dividend for the Financial Year Ended March 31, 2021 Ador Fontech Limited at its board meeting held on May 27, 2021, announced that the board of directors of the company have recommended a dividend of INR 2.20 per equity share being 110% on the nominal value INR 2 per equity share for the financial year ended March 31, 2021 which shall be subject to the approval of shareholders at the upcoming annual general meeting. Is New 90 Day High Low • Feb 18
New 90-day high: ₹43.35 The company is up 32% from its price of ₹32.75 on 20 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 29% over the same period. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹0.96 (vs ₹0.90 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹410.4m (down 15% from 3Q 2020). Net income: ₹33.7m (up 12% from 3Q 2020). Profit margin: 8.2% (up from 6.2% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year. Announcement • Jan 07
Ador Fontech Limited to Report Q3, 2021 Results on Feb 12, 2021 Ador Fontech Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 29
New 90-day high: ₹38.05 The company is up 14% from its price of ₹33.35 on 30 September 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹38.05, the stock is trading at a trailing P/E ratio of 29.5x, up from the previous P/E ratio of 25.3x. This compares to an average P/E of 23x in the Machinery industry in India. Total return to shareholders over the past three years is a loss of 33%. Is New 90 Day High Low • Dec 07
New 90-day high: ₹37.40 The company is up 4.0% from its price of ₹36.05 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 14% over the same period. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS ₹0.76 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹410.6m (down 18% from 2Q 2020). Net income: ₹26.7m (down 30% from 2Q 2020). Profit margin: 6.5% (down from 7.6% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Nov 01
Ador Fontech Limited to Report Q2, 2021 Results on Nov 06, 2020 Ador Fontech Limited announced that they will report Q2, 2021 results on Nov 06, 2020 Recent Insider Transactions • Sep 19
Chairman recently bought ₹358k worth of stock On the 17th of September, Aditya Malkani bought around 10k shares on-market at roughly ₹35.80 per share. In the last 3 months, they made an even bigger purchase worth ₹889k. Aditya has been a buyer over the last 12 months, purchasing a net total of ₹2.6m worth in shares. Announcement • Jul 31
Ador Fontech Limited to Report Q1, 2021 Results on Aug 14, 2020 Ador Fontech Limited announced that they will report Q1, 2021 results on Aug 14, 2020 Announcement • Jun 17
Ador Fontech Limited to Report Q4, 2020 Results on Jun 26, 2020 Ador Fontech Limited announced that they will report Q4, 2020 results on Jun 26, 2020 