This Group B smallcap delivered more than 198% returns in two years; do you hold it?

This Group B smallcap delivered more than 198% returns in two years; do you hold it?

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 18.6k Views
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The company is a constituent of the S&P BSE SmallCap index.

Ador Welding Ltd is a leading player in the field of Welding Products, Technologies, and Services. It is also engaged in providing customized solutions for multi-disciplinary projects and contracts related to refineries, oil and gas, petrochemicals, and other sectors.

With a presence across 40+ countries in the Middle East, Africa, and Southeast Asia, Ador maintains a robust sales and distribution network across the globe and provides solutions to a wide spectrum of industries including defence, shipbuilding, oil and gas, railways, infrastructure, nuclear energy, power, and automotive sectors.

In Q1FY23, revenue grew by 23.46% YoY to Rs 157.88 crore from Rs 127.88 crore in Q1FY22. On a sequential basis, the top line was down by 20.98%. PBIDT (Ex OI) was reported at Rs 16.26 crore, up by 46.22% as compared to the year-ago period and the corresponding margin was reported at 10.3%, expanding by 160 basis points YoY. PAT was reported at Rs 10.41 crore, up by 54.22% from Rs 6.75 crore in the same quarter of the previous fiscal year. The PAT margin stood at 6.59% in Q1FY23 expanding from 5.28% in Q1FY22.

The company is currently trading at a TTM PE of 22.61x, as against the industry PE of 17.40x. In FY22, the company delivered an ROE and ROCE of 17.40% and 23.36%, respectively. The market cap of the company is Rs 1105.42 crore.

Today, the scrip opened at Rs 818.40 and has touched a high and low of Rs 819.15 and Rs 786.95, respectively.

In a volatile trading session on Thursday, August 18, 2022, the stock witnessed a decline of 1.49% and the scrip ended at Rs 800.80. The stock has a 52-week high and low of Rs 893 and Rs 588.35, respectively on BSE.

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