This Group B smallcap delivered more than 198% returns in two years; do you hold it?
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.
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Start Investing Now!
Open Free Demat Account in 5 mins