Ador Welding Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ADORWELD, BSE:517041 Ador Welding Ltd.

Ador Welding Ltd.

27 Oct 2016

852.45

-0.01%

Ador Welding Ltd: Banking on Revival in Domestic Demand Environment (Oct 27, 2016)

Hold: Ador Welding Ltd.

Recommendation Target

Karvy

Banking on Revival in Domestic Demand Environment: Recuperating from Q1FY17 disappointment: Ador Welding (AWL) has registered a turnover growth of 31.6% sequentially & 10.9% YoY growth for Q2FY17 mainly on account of healthy order book. EBITDA margin has also expanded by 620 bps QoQ & 150 bps YoY for Q2FY17 to reach 9.1% mainly on account of stableraw material and other expenses. EBIT & Net profit margins have also expanded by 680 bps & 310 bps sequentially to 6.6% & 4.7% in Q2FY17. Positivity in results maybe related to the restoration in their plants which suffered repairs during Q1FY17 due to which production was cut down.

Ador Welding Ltd. has lost -22.50% in the last 3 Months

Ador Welding Ltd.

11 Aug 2016

852.45

-0.01%

Ador Welding Ltd: Banking on Revival in Domestic Demand Envi... (Aug 11, 2016)

Buy: Ador Welding Ltd.

Karvy

Banking on Revival in Domestic Demand Environment: Surge in domestic industrial activity complemented by adequate capacityheadroom - Growth in investment activities and increased investments in key sectors like power, steel, construction, infrastructure and cement are giving an optimistic outlook for future. We believe the Gross Fixed Capital Formation (GFCF)to GDP to improve to over 33% by FY17E; also AWLs current capacity utilization levels of ~ 65%-70% leave enough headroom to sustain the anticipated increase in demand. We expect the capacity utilization rates to surge up to ~ 80%-85% by FY18E to aid revenue to grow at 7.5% CAGR for FY16-18E.

Ador Welding Ltd. is trading below all available SMAs

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Is Ador Welding Ltd. worth buying?

40 Votes:

Buy 72.5%

Sell 20.0%

Hold 7.5%

RESEARCH REPORTS

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