---
title: "Ador Fontech Ltd (73) — Share Price, Financials & Analysis"
symbol: "73"
company: "Ador Fontech Ltd"
canonical: "https://tapetide.com/stocks/73"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-10-29T06:18:59.017Z"
---

# Ador Fontech Ltd (73)

Canonical page: https://tapetide.com/stocks/73

In the Jun 2024 quarter, revenue fell 12.4% year on year to ₹44.02 Cr and net profit fell 20.0% year on year to ₹4.17 Cr (compared with Jun 2023). Promoters held 39.22% of Ador Fontech in Jun 2024, unchanged from Mar 2024.

## Company

- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** https://adorfon.com/

## About

Incorporated in 1974, Ador Fontech Ltd. provides reclamation, fusion, surfacing and spraying solutions for industrial components[1]

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 90.0%

### Weaknesses

- The company has delivered a poor sales growth of 2.42% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 16% | 34% | 17% |
| revenue growth | -5% | 12% | 2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 53.39 | 50.69 | 51.26 | 49.92 | 52.25 | 54.48 | 57.58 | 50.22 | 54.34 | 49.74 | 55.84 | 44.02 |
| Expenses | 46.46 | 43.89 | 43.28 | 44.39 | 46.42 | 47.38 | 48.37 | 43.35 | 46.03 | 43.34 | 49.87 | 38.98 |
| Operating Profit | 6.93 | 6.8 | 7.98 | 5.53 | 5.83 | 7.1 | 9.21 | 6.87 | 8.31 | 6.4 | 5.97 | 5.04 |
| OPM % | 12.98 | 13.41 | 15.57 | 11.08 | 11.16 | 13.03 | 16 | 13.68 | 15.29 | 12.87 | 10.69 | 11.45 |
| Other Income | 1.47 | 0.83 | 1.36 | 0.8 | 0.83 | 1.21 | 0.09 | 1.16 | 0.82 | 1.65 | 3.64 | 2.09 |
| Interest | 0.01 | 0.21 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -0.03 | 0.02 |
| Depreciation | 0.8 | 0.73 | 1.27 | 0.94 | 1.02 | 1.09 | 0.59 | 0.79 | 0.82 | 0.78 | 0.88 | 0.69 |
| Profit before tax | 7.59 | 6.69 | 8.05 | 5.36 | 5.62 | 7.21 | 8.7 | 7.23 | 8.3 | 7.26 | 8.76 | 6.42 |
| Tax % | 36.1 | 25.86 | 33.91 | 39.37 | 43.42 | 26.35 | 33.1 | 27.94 | 28.43 | 29.75 | 14.5 | 35.05 |
| Net Profit | 4.85 | 4.96 | 5.32 | 3.25 | 3.18 | 5.31 | 5.82 | 5.21 | 5.94 | 5.1 | 7.49 | 4.17 |
| EPS in Rs | 1.39 | 1.42 | 1.52 | 0.93 | 0.91 | 1.52 | 1.66 | 1.49 | 1.7 | 1.46 | 2.14 | 1.19 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 142 | 147 | 152 | 186 | 177 | 150 | 210 | 214 | 210 | 204 |
| Expenses | 128 | 135 | 141 | 169 | 163 | 132 | 181 | 187 | 183 | 178 |
| Operating Profit | 15 | 12 | 11 | 17 | 15 | 17 | 28 | 28 | 28 | 26 |
| OPM % | 10 | 8 | 8 | 9 | 8 | 12 | 14 | 13 | 13 | 13 |
| Other Income | 4 | 3 | 3 | 3 | 3 | 2 | 4 | 3 | 7 | 8 |
| Interest | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 |
| Profit before tax | 15 | 10 | 11 | 16 | 14 | 16 | 30 | 27 | 32 | 31 |
| Tax % | 40 | 30 | 36 | 33 | 35 | 39 | 28 | 35 | 25 | — |
| Net Profit | 9 | 7 | 7 | 11 | 9 | 10 | 21 | 18 | 24 | 23 |
| EPS in Rs | 2.66 | 2.06 | 1.99 | 3.14 | 2.52 | 2.87 | 6.09 | 5.02 | 6.78 | 6.49 |
| Dividend Payout % | 66 | 73 | 76 | 56 | 71 | 77 | 82 | 100 | 88 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 84 | 87 | 88 | 96 | 101 | 92 | 102 | 116 | 120 | 125 |
| Borrowings | 2 | 3 | 0 | 2 | 3 | 6 | 2 | 0 | 0 | 0 |
| Other Liabilities | 39 | 38 | 39 | 30 | 29 | 37 | 31 | 34 | 29 | 26 |
| Total Liabilities | 129 | 132 | 130 | 131 | 137 | 141 | 142 | 157 | 156 | 158 |
| Fixed Assets | 22 | 23 | 22 | 21 | 19 | 28 | 28 | 30 | 29 | 27 |
| CWIP | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 0 | 0 | 0 |
| Investments | 8 | 8 | 11 | 16 | 19 | 11 | 18 | 20 | 14 | 16 |
| Other Assets | 99 | 101 | 98 | 94 | 98 | 101 | 94 | 108 | 112 | 115 |
| Total Assets | 129 | 132 | 130 | 131 | 137 | 141 | 142 | 157 | 156 | 158 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 13 | 7 | 1 | 3 | 5 | 19 | 9 | 20 | 18 | 19 |
| Cash from Investing Activity | 1 | -2 | 0 | 2 | -2 | -8 | -4 | -11 | -2 | -2 |
| Cash from Financing Activity | -7 | -7 | -6 | -2 | -3 | -11 | -8 | -8 | -14 | -18 |
| Net Cash Flow | 7 | -3 | -5 | 3 | -1 | 0 | -2 | 0 | 2 | 0 |
| Free Cash Flow | 10 | 1 | -1 | 0 | 3 | 6 | 6 | 18 | 15 | 18 |
| CFO/OP | 66 | 44 | 10 | 63 | 66 | 159 | 91 | 105 | 95 | 103 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 73 | 84 | 76 | 62 | 46 | 69 | 67 | 49 | 54 | 53 |
| Inventory Days | 118 | 111 | 106 | 96 | 76 | 108 | 121 | 75 | 68 | 71 |
| Days Payable | 45 | 59 | 85 | 57 | 54 | 96 | 90 | 70 | 54 | 52 |
| Cash Conversion Cycle | 146 | 135 | 97 | 101 | 68 | 81 | 99 | 54 | 67 | 73 |
| Working Capital Days | 79 | 81 | 88 | 88 | 76 | 75 | 76 | 50 | 62 | 93 |
| ROCE % | 23 | 17 | 11 | 11 | 16 | 13 | 16 | 25 | 21 | 24 |

## Shareholding Pattern

### Annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 36.15% | 36.64% | 37.23% | 37.6% | 39.27% | 39.23% | 39.22% | 39.22% | 39.22% |
| FIIs | 6.08% | 5.11% | 5.06% | 4.86% | 4.87% | 0.25% | 0.19% | 0.19% | 0.19% |
| DIIs | 1.2% | 2.52% | 2.49% | 2.49% | 2.49% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 56.56% | 55.73% | 55.22% | 55.05% | 53.37% | 60.52% | 60.58% | 60.58% | 60.57% |
| Others | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 6202 | 7499 | 7419 | 7797 | 7818 | 13673 | 13248 | 13638 | 15986 |

### Quarterly

| Category | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 39.28% | 39.23% | 39.23% | 39.23% | 39.22% | 39.22% | 39.22% | 39.22% | 39.22% | 39.22% | 39.22% | 39.22% |
| FIIs | 0.15% | 0.25% | 0.25% | 0.19% | 0.19% | 0.19% | 0.19% | 0.23% | 0.19% | 0.19% | 0.19% | 0.19% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 60.57% | 60.52% | 60.52% | 60.58% | 60.57% | 60.58% | 60.58% | 60.54% | 60.57% | 60.57% | 60.58% | 60.57% |
| Others | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 12168 | 12456 | 13673 | 14343 | 14308 | 13806 | 13248 | 12955 | 13451 | 13481 | 13638 | 15986 |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6ad196f-135f-46f5-af11-7cac24848daa.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/530431/73432530431.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/530431/68914530431.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/530431/65357530431.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/530431/5304310319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/530431/5304310318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/530431/5304310317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/530431/5304310316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/530431/5304310315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/530431/5304310314.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-29T06:18:59.017Z.