Ador Welding: Segment results
| Segments | 1806 (3) | 1706 (3) | Var. (%) | % to Total | 1803 (12) | % to Total |
| Sales | ||||||
| Consumables | 75.24 | 55.46 | 36 | 73 | 311.29 | 67 |
| Equipment and project engineering | 27.39 | 38.64 | -29 | 27 | 153.42 | 33 |
| TOTAL | 102.63 | 94.10 | 9 | 100 | 464.71 | 100 |
| Less: intersegment sales | ||||||
| Add:Other Income | ||||||
| Net Sales | 102.63 | 94.10 | 464.71 | |||
| PBIT | ||||||
| Consumables | 11.49 | 4.18 | 175 | 108 | 41.34 | 101 |
| Equipment and project engineering | -0.87 | -1.79 | -51 | -8 | -0.60 | -1 |
| TOTAL | 10.62 | 2.39 | 344 | 100 | 40.74 | 100 |
| Less Finance cost | 0.75 | 0.32 | 2.25 | |||
| Less unallocable expenditure net of inc. | 4.15 | 2.17 | 10.24 | |||
| PBT | 5.72 | -0.10 | 28.25 | |||
| Figures in Rs crore Source: Capitaline Databases |
||||||
For the quarter ended December 2018, Ador Welding registered 29% rise in sales to Rs 134.17 crore. OPM improved 240 basis points to 8.9% which saw OP rise 77% to Rs 11.93 crore.
Other income fell 52% to Rs 1.29 crore and interest cost grew 70% to Rs 2.34 crore. As depreciation was down 9% to Rs 2.33 crore PBT jumped 55% to Rs 8.55 crore. Provision for tax grew 65% to Rs 3.00 crore after which PAT went up 50% to Rs 5.55 crore.
For the nine months, Ador Welding registered 16% rise in sales to Rs 362.14 crore. OPM improved 260 basis points to 8.1% which saw OP rise 70% to Rs 29.34 crore.
Other income grew 12% to Rs 8.50 crore and interest cost grew 78% to Rs 6.21 crore.
For the nine months the company received Rs 97 lakh against claim filed by the company in the previous FY and is a part of the other income.
As depreciation was down 9% to Rs 7.06 crore PBT jumped 80% to Rs 24.57 crore. Provision for tax grew 79% to Rs 8.15 crore after which PAT went up 80% to Rs 16.42 crore.
Segment results
For the quarter, sales of from the Consumables Division grew 35% to Rs 102.75 crore and accounted for 77% of total. PBIT from the same grew 37% to Rs 15.25 crore and accounted for 114% of total.
For the quarter, sales from the Equipment and Project Engineering Division grew 13% to Rs 31.42 crore and accounted for 23% of total. Loss at PBIT from the same fell 26% to Rs 1.91 crore and accounted for -14% of total.
For the nine months, sales of from the Consumables Division grew 30% to Rs 273.48 crore and accounted for 76% of total. PBIT from the same grew 58% to Rs 41.60 crore and accounted for 107% of total.
For the nine months, sales from the Equipment and Project Engineering Division fell 18% to Rs 88.66 crore and accounted for 24% of total. Loss at PBIT from the same fell 34% to Rs 2.70 crore and accounted for -7% of total.
Valuation
The stock trades at Rs 330.
Ador Welding: Results
| 1812 (3) | 1712 (3) | Var. (%) | 1812 (9) | 1712 (9) | Var. (%) | 1803 (12) | 1703 (12) | Var. (%) | |
| Sales | 134.17 | 103.74 | 29 | 362.14 | 312.54 | 16 | 457.74 | 441.45 | 4 |
| OPM (%) | 8.9 | 6.5 | 8.1 | 5.5 | 7.4 | 6.8 | |||
| OP | 11.93 | 6.74 | 77 | 29.34 | 17.27 | 70 | 33.92 | 30.08 | 13 |
| Other inc. | 1.29 | 2.71 | -52 | 8.50 | 7.61 | 12 | 9.71 | 9.38 | 4 |
| PBIDT | 13.22 | 9.45 | 40 | 37.84 | 24.88 | 52 | 43.63 | 39.46 | 11 |
| Interest | 2.34 | 1.38 | 70 | 6.21 | 3.48 | 78 | 5.30 | 1.04 | 410 |
| PBDT | 10.88 | 8.07 | 35 | 31.63 | 21.40 | 48 | 38.33 | 38.42 | 0 |
| Dep. | 2.33 | 2.55 | -9 | 7.06 | 7.72 | -9 | 10.08 | 11.22 | -10 |
| PBT before EO | 8.55 | 5.52 | 55 | 24.57 | 13.68 | 80 | 28.25 | 27.20 | 4 |
| EO | 0.00 | 0.00 | 100 | 0.00 | 0.00 | -- | 0.00 | 0.00 | -- |
| PBT after EO | 8.55 | 5.52 | 55 | 24.57 | 13.68 | 80 | 28.25 | 27.20 | 4 |
| Total Tax | 3.00 | 1.82 | 65 | 8.15 | 4.56 | 79 | 9.69 | 9.08 | 7 |
| PAT | 5.55 | 3.70 | 50 | 16.42 | 9.12 | 80 | 18.56 | 18.12 | 2 |
| EPS (Rs) * | # | # | # | # | 13.6 | 13.3 | |||
| * On current equity of Rs 13.60 crore. Face Value: Rs 10 EO: Extraordinary items. EPS is adjusted for EO and relevant tax # EPS can not be annualized due to seasonality in business PL: Profit to Loss; LP: Loss to profit Figures in Rs crore Source: Capitaline Databases |
|||||||||
Ador Welding: Segment results
| Segments | 1812 (3) | 1712 (3) | Var. (%) | % to Total | 1812 (9) | 1712 (9) | Var. (%) | % to Total |
| Sales | ||||||||
| Consumables | 102.75 | 75.98 | 35 | 77 | 273.48 | 210.73 | 30 | 76 |
| Equipment | 31.42 | 27.76 | 13 | 23 | 88.66 | 108.78 | -18 | 24 |
| TOTAL | 134.17 | 103.74 | 29 | 100 | 362.14 | 319.51 | 13 | 100 |
| Less: intersegment sales | 0.00 | 0.00 | ||||||
| Add:Other Income | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| Net Sales | 134.17 | 103.74 | 362.14 | 319.51 | ||||
| PBIT | ||||||||
| Consumables | 15.25 | 11.10 | 37 | 114 | 41.60 | 26.25 | 58 | 107 |
| Equipment | -1.91 | -2.59 | 26 | -14 | -2.70 | -4.12 | 34 | -7 |
| TOTAL | 13.34 | 8.51 | 57 | 100 | 38.90 | 22.13 | 76 | 100 |
| Less:: Interest | -1.22 | -0.61 | 100 | -3.18 | -1.33 | 139 | ||
| Less unallocable expenditure net of inc. | -3.57 | -2.38 | 50 | -11.15 | -7.12 | 57 | ||
| Less unallocable EO | 0.00 | 0.00 | -- | 0.00 | 0.00 | -- | ||
| PBT | 8.55 | 5.52 | 55 | 24.57 | 13.68 | 80 | ||
| Figures in Rs crore Source: Capitaline Databases |
||||||||
0 thoughts on “Ador Welding”