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Last Updated: April 2, 2026, 4:01 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523120 | NSE: ADORMUL

Ador Multi Products Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹12.29Overvalued by 88.30%vs CMP ₹105.00

P/E (15.0) × ROE (3.1%) × BV (₹32.50) × DY (2.00%)

Defaults: P/E=15

₹21.40Overvalued by 79.62%vs CMP ₹105.00
MoS: -390.7% (Negative)Confidence: 58/100 (Moderate)Models: All 5: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹19.1433%Over (-81.8%)
Net Asset ValueAssets₹27.3920%Over (-73.9%)
EV/EBITDAEnterprise₹1.2416%Over (-98.8%)
ROCE CapitalReturns₹56.4416%Over (-46.2%)
Revenue MultipleRevenue₹1.9215%Over (-98.2%)
Consensus (5 models)₹21.40100%Overvalued
Key Drivers: EPS CAGR 55.7% lifts DCF — verify sustainability. | ROE 3.1% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 55.7% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

44
Ador Multi Products Ltd scores 44/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health47/100 · Moderate
ROCE 11.4% AverageROE 3.1% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 72.5% Stable
Earnings Quality75/100 · Strong
OPM expanding (-59% → -36%) ImprovingWorking capital: -12 days (improving) Efficient
Quarterly Momentum15/100 · Weak
Revenue (4Q): -40% YoY DecliningProfit (4Q): -304% YoY DecliningOPM: -237.5% (down 232.7% YoY) Margin pressure
Industry Rank20/100 · Weak
ROCE 11.4% vs industry 29.2% Below peersROE 3.1% vs industry 23.9% Below peers3Y sales CAGR: -45% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:01 am

Market Cap 119 Cr.
Current Price 105
Intrinsic Value₹21.40
High / Low 149/60.0
Stock P/E
Book Value 32.5
Dividend Yield0.00 %
ROCE11.4 %
ROE3.09 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ador Multi Products Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ador Multi Products Ltd 119 Cr. 105 149/60.0 32.50.00 %11.4 %3.09 % 10.0
Kaya Ltd 379 Cr. 249 488/204 60.90.00 %2.50 %% 10.0
Bajaj Consumer Care Ltd 4,724 Cr. 362 409/15130.0 49.40.00 %19.1 %15.7 % 1.00
Jyothy Labs Ltd 7,551 Cr. 206 400/19620.6 55.81.70 %24.6 %19.0 % 1.00
Honasa Consumer Ltd 10,003 Cr. 307 334/19064.7 38.80.00 %7.44 %5.51 % 10.0
Industry Average60,427.93 Cr1,572.1446.89111.991.02%29.21%23.91%4.94

All Competitor Stocks of Ador Multi Products Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2.862.613.251.491.160.820.670.220.630.660.300.370.08
Expenses 5.304.944.722.161.611.960.840.360.660.810.540.740.27
Operating Profit -2.44-2.33-1.47-0.67-0.45-1.14-0.17-0.14-0.03-0.15-0.24-0.37-0.19
OPM % -85.31%-89.27%-45.23%-44.97%-38.79%-139.02%-25.37%-63.64%-4.76%-22.73%-80.00%-100.00%-237.50%
Other Income 0.060.040.03-8.460.504.040.300.230.01-2.670.010.010.75
Interest 0.030.060.030.080.030.140.030.030.020.020.010.010.01
Depreciation -0.020.460.080.230.150.070.130.200.130.130.040.050.04
Profit before tax -2.39-2.81-1.55-9.44-0.132.69-0.03-0.14-0.17-2.97-0.28-0.420.51
Tax % 0.00%2.14%0.00%0.00%0.00%26.39%0.00%0.00%0.00%-0.67%0.00%0.00%33.33%
Net Profit -2.39-2.88-1.55-9.44-0.141.98-0.04-0.14-0.18-2.95-0.28-0.420.34
EPS in Rs -5.11-6.16-3.32-20.20-0.304.24-0.09-0.30-0.39-6.31-0.29-0.440.36

Last Updated: March 3, 2026, 1:01 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 3:46 pm

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5.806.696.577.289.8719.3413.4412.176.732.181.41
Expenses 6.768.027.358.5612.9620.4219.8120.6910.172.642.36
Operating Profit -0.96-1.33-0.78-1.28-3.09-1.08-6.37-8.52-3.44-0.46-0.95
OPM % -16.55%-19.88%-11.87%-17.58%-31.31%-5.58%-47.40%-70.01%-51.11%-21.10%-67.38%
Other Income 0.142.270.160.180.544.270.300.310.96-2.03-1.90
Interest 0.320.340.200.070.380.290.310.150.300.100.05
Depreciation 0.180.090.120.200.260.360.430.690.530.600.26
Profit before tax -1.320.51-0.94-1.37-3.192.54-6.81-9.05-3.31-3.19-3.16
Tax % -34.09%45.10%3.19%-0.73%-10.66%40.94%1.91%0.66%21.45%-0.63%
Net Profit -0.880.28-0.97-1.36-2.851.50-6.93-9.11-4.02-3.17-3.31
EPS in Rs -3.070.98-3.39-3.62-7.193.21-14.83-19.49-9.78-4.22-6.68
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)131.82%-446.43%-40.21%-109.56%152.63%-562.00%-31.46%55.87%21.14%
Change in YoY Net Profit Growth (%)0.00%-578.25%406.22%-69.35%262.19%-714.63%530.54%87.33%-34.73%

Ador Multi Products Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:-26%
3 Years:-45%
TTM:-56%
Compounded Profit Growth
10 Years:%
5 Years:14%
3 Years:25%
TTM:45%
Stock Price CAGR
10 Years:21%
5 Years:11%
3 Years:10%
1 Year:157%
Return on Equity
10 Years:%
5 Years:-32%
3 Years:-33%
Last Year:-3%

Last Updated: September 5, 2025, 2:06 pm

Balance Sheet

Last Updated: December 10, 2025, 3:44 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2.862.862.863.763.964.674.674.674.674.679.56
Reserves -0.492.540.941.743.878.7916.0710.556.364.3921.48
Borrowings 2.322.570.500.594.232.580.610.060.000.000.00
Other Liabilities 1.482.011.932.654.842.892.463.63-2.91-5.35-5.96
Total Liabilities 6.179.986.238.7416.9018.9323.8118.918.123.7125.08
Fixed Assets 1.155.341.292.206.777.698.748.173.331.791.70
CWIP 0.000.000.000.000.000.000.000.000.000.000.00
Investments 0.261.371.403.000.130.860.610.620.610.5420.98
Other Assets 4.763.273.543.5410.0010.3814.4610.124.181.382.40
Total Assets 6.179.986.238.7416.9018.9323.8118.918.123.7125.08

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.009.43-3.52-0.56-3.68-7.06-8.62-6.760.870.17
Cash from Investing Activity + 0.00-3.173.63-2.893.184.19-0.900.190.230.18
Cash from Financing Activity + 0.000.030.053.451.092.6912.910.36-0.03-0.10
Net Cash Flow 0.006.290.16-0.010.59-0.183.40-6.201.080.26
Free Cash Flow 0.005.150.33-1.67-3.91-6.43-10.10-6.870.890.17
CFO/OP 0%-709%451%44%119%599%129%79%-25%-37%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-3.28-3.90-1.28-1.87-7.32-3.66-6.98-8.58-3.44-0.46

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 67.9764.3887.2265.6891.7135.4843.7239.5910.3028.46
Inventory Days 107.30102.8968.1082.64197.54136.34204.03201.7293.23242.53
Days Payable 89.7182.4766.5795.04184.5186.86179.32239.7871.6384.05
Cash Conversion Cycle 85.5684.7988.7553.28104.7584.9568.431.5331.90186.95
Working Capital Days -78.03-79.6659.4417.05-98.7418.8789.35-9.6078.64-11.72
ROCE %-19.75%-12.55%-25.02%-34.54%-9.54%-41.27%-66.42%-33.55%-11.44%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 38.56%38.56%38.56%38.56%38.56%38.56%38.56%38.56%38.56%72.50%72.50%72.50%
DIIs 0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.00%0.00%0.00%
Public 61.44%61.43%61.44%61.43%61.42%61.43%61.42%61.42%61.42%27.52%27.50%27.51%
No. of Shareholders 3,9193,9274,1204,2144,2444,2764,3644,4514,3214,3294,7674,526

Shareholding Pattern Chart

No. of Shareholders

Ador Multi Products Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -4.22-8.58-19.50-14.813.22
Diluted EPS (Rs.) -4.22-8.58-19.50-14.813.22
Cash EPS (Rs.) -5.49-7.47-18.02-13.923.98
Book Value[Excl.RevalReserv]/Share (Rs.) 19.3911.2518.7537.1723.41
Book Value[Incl.RevalReserv]/Share (Rs.) 19.3911.2518.7537.1723.41
Revenue From Operations / Share (Rs.) 4.6614.3926.0428.7541.38
PBDIT / Share (Rs.) 0.27-4.54-17.66-13.026.82
PBIT / Share (Rs.) -1.01-5.67-19.13-13.946.04
PBT / Share (Rs.) -6.83-7.08-19.35-14.565.43
Net Profit / Share (Rs.) -6.77-8.60-19.49-14.833.20
NP After MI And SOA / Share (Rs.) -4.22-8.60-19.49-14.833.20
PBDIT Margin (%) 5.93-31.52-67.83-45.2916.48
PBIT Margin (%) -21.59-39.39-73.48-48.4814.60
PBT Margin (%) -146.37-49.20-74.32-50.6613.13
Net Profit Margin (%) -145.24-59.75-74.85-51.597.73
NP After MI And SOA Margin (%) -90.40-59.75-74.85-51.597.73
Return on Networth / Equity (%) -21.74-36.42-59.83-33.4211.10
Return on Capital Employeed (%) -20.85-48.54-96.19-36.3824.73
Return On Assets (%) -53.13-49.56-47.66-28.857.84
Asset Turnover Ratio (%) 0.360.490.280.390.96
Current Ratio (X) 0.941.570.972.261.26
Quick Ratio (X) 0.250.900.431.370.64
Inventory Turnover Ratio (X) 1.571.161.251.393.35
Interest Coverage Ratio (X) 1.34-7.57-80.40-20.7911.20
Interest Coverage Ratio (Post Tax) (X) -4.63-11.99-87.72-22.696.25
Enterprise Value (Cr.) 24.439.1415.6726.8236.86
EV / Net Operating Revenue (X) 11.211.361.292.001.91
EV / EBITDA (X) 188.81-4.31-1.90-4.4111.56
MarketCap / Net Operating Revenue (X) 14.412.231.822.572.09
Price / BV (X) 3.471.361.461.673.00
Price / Net Operating Revenue (X) 14.412.231.822.572.09
EarningsYield -0.06-0.26-0.41-0.200.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fundamental Analysis of Ador Multi Products Ltd

Ador Multiproducts Ltd. is a Public Limited Listed company incorporated on 23/07/1948 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L85110MH1948PLC310253 and registration number is 000545. Currently Company is involved in the business activities of Manufacture of hair oil, shampoo, hair dye etc. (includes manufacture of shampoos, hair sprays, hair fixers, hair oils, hair creams, hair dyes and bleaches and preparations for permanent waving or straightening of the hair etc.). Company’s Total Operating Revenue is Rs. 7.21 Cr. and Equity Capital is Rs. 4.67 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Personal CareAdor House, 5th Floor, Mumbai Maharashtra 400001cs.adormultiproducts@gmail.com
http://www.adormultiproducts.com
Management
NamePosition Held
Mr. Deep A LalvaniChairman & Wholetime Director
Ms. Tanya Halina AdvaniNon Executive Director
Mr. Sandeep AhujaIndependent Director
Mr. Suneil ChawlaIndependent Director

Ador Multiproducts Ltd. Share Price Update

Share PriceValue
Today₹35.69
Previous Day₹35.85

FAQ

What is the intrinsic value of Ador Multi Products Ltd and is it undervalued?

As of 14 April 2026, Ador Multi Products Ltd's intrinsic value is ₹21.40, which is 79.62% lower than the current market price of ₹105.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.09 %), book value (₹32.5), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ador Multi Products Ltd?

Ador Multi Products Ltd is trading at ₹105.00 as of 14 April 2026, with a FY2026-2027 high of ₹149 and low of ₹60.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹119 Cr..

How does Ador Multi Products Ltd's P/E ratio compare to its industry?

Ador Multi Products Ltd has a P/E ratio of , which is below the industry average of 46.89. This is broadly in line with or below the industry average.

Is Ador Multi Products Ltd financially healthy?

Key indicators for Ador Multi Products Ltd: ROCE of 11.4 % is moderate; ROE of 3.09 % is below ideal levels (industry average: 23.91%). Dividend yield is 0.00 %.

Is Ador Multi Products Ltd profitable and how is the profit trend?

Ador Multi Products Ltd reported a net profit of ₹-3 Cr in Mar 2025 on revenue of ₹2 Cr. Compared to ₹-7 Cr in Mar 2022, the net profit shows a mixed trend.

Does Ador Multi Products Ltd pay dividends?

Ador Multi Products Ltd has a dividend yield of 0.00 % at the current price of ₹105.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ador Multi Products Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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