Name of Company | Ador Welding |
BSE Code | 517041 |
NSE Code | ADORWELD |
ICICI Code | |
Established | |
My Take | So-So |
Headquarters | |
Promoters | JB Advani & Company |
Story | |
Sector | Welding |
Sub-sectors | |
Website | |
Positives | Promoters hold 56% shares, none pledged, DIIs hold as well. Zero debt company for the last 5 years. Regular dividend, yields 2.5% or more at current price of 158. |
Negatives | Varying NPM from 5 to 16%. Revenues have been flat over |
Peers | |
News | |
Price @ blogged | 158 (13-Feb-11) |
Cost of company | 214 Cr for a 25 Cr FY10 NP makes it around 9 times. For a 133 Cr reserves and debt free company, this seems reasonable. But as revenues have been flat, it makes us rethink |
Feb 13, 2011
Ador Welding - 517041
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