Ador Welding Limited ADOR NSEINFRA
Ador Welding Limited manufactures and supplies welding equipment, consumables, and automation solutions in India and internationally. The company operates through three segments: Products; Services; and Maintenance & Reclamation. It provides welding electrodes, including C-Mn steel, low alloy and stainless steel, cellulosic, hardfacing, gouging and cutting, cast iron, and nickel and nickel alloys; and wires and fluxes products comprising submerged arc welding fluxes and wires, and flux cored arc welding products, as well as metal cored arc wire, gas metal arc welding (GMAW), and gas tungsten arc welding (GTAW) products; and brazing rods and fluxes. The company also offers welding equipment, such as MMA, TIG, MIG equipment, air plasma cutting, submerged arc welding, advanced multipurpose synergic, and TIG add on units; gas cutting products, gas cutting-welding accessories, flares and process equipment, and personal protective equipment; and CNC cutting machines. In addition, it engages in the design, manufacture, erection, commissioning, mechanical, electrical, and instrumentation of process packages, process equipment, and flare system and components, as well as undertaking various EPC contracts. Further, the company provides welding and cutting automation products, such as robotic systems, columns, booms, positioners, rotators, and special purpose machines; and skill development services. It serves manufacturing and fabrication, infrastructure and construction, oil and gas, power generation including thermal, hydro, and renewable energy, shipbuilding and marine, automotive and transportation, railways and heavy engineering, defense and aerospace industries. The company was formerly known as Advani-Oerlikon Ltd. The company was incorporated in 1951 and is headquartered in Mumbai, India. Ador Welding Limited is a subsidiary of J. B. Advani & Company Private Limited.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Healthy ROCE of 20.3%.
- Compounding revenue at 13.9% over 5 years.
- Profit CAGR of 11.4% over 5 years.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ADOR Ador Welding Limited NSEINFRA | 1,139.60 | 24.21 | ₹1,983.22 Cr | 2.24% | 20.26% | - | 13.92% | 11.41% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 273.96 Cr | 310.02 Cr | 251.84 Cr | 288.12 Cr | 318.97 Cr |
| Cost of Revenue | - | 176.14 Cr | 203.95 Cr | 153.83 Cr | 178.61 Cr | 203.59 Cr |
| Gross Profit | - | 97.82 Cr | 106.07 Cr | 98.01 Cr | 109.51 Cr | 115.38 Cr |
| Operating Expenses | - | 79.19 Cr | 79.77 Cr | 107.17 Cr | 79.17 Cr | 81.96 Cr |
| Operating Income | - | 18.63 Cr | 26.30 Cr | -9.16 Cr | 30.34 Cr | 33.42 Cr |
| EBITDA | - | 26.98 Cr | 34.72 Cr | 56.00 L | 41.34 Cr | 55.70 Cr |
| Interest Expense | - | 1.07 Cr | 87.00 L | 84.00 L | 33.00 L | 40.00 L |
| Pretax Income | - | 21.28 Cr | 29.10 Cr | -5.04 Cr | 36.05 Cr | 50.32 Cr |
| Tax Provision | - | 5.87 Cr | 11.01 Cr | -1.09 Cr | 9.33 Cr | 16.12 Cr |
| Net Income | - | 15.41 Cr | 18.09 Cr | -3.95 Cr | 26.72 Cr | 34.20 Cr |
| Diluted EPS | - | 8.86 | 10.40 | -2.27 | 15.33 | 19.62 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 771.15 Cr | 1,067.85 Cr | 1,122.68 Cr | 1,140.01 Cr |
| Cost of Revenue | - | 567.49 Cr | 759.59 Cr | 725.28 Cr | 708.72 Cr |
| Gross Profit | - | 203.66 Cr | 308.26 Cr | 397.40 Cr | 431.29 Cr |
| Operating Expenses | - | 124.76 Cr | 201.63 Cr | 313.69 Cr | 318.80 Cr |
| Operating Income | - | 78.90 Cr | 106.63 Cr | 83.71 Cr | 112.49 Cr |
| EBITDA | - | 93.08 Cr | 137.01 Cr | 109.34 Cr | 136.68 Cr |
| Interest Expense | - | 2.36 Cr | 4.08 Cr | 4.54 Cr | 2.20 Cr |
| Pretax Income | - | 79.11 Cr | 117.11 Cr | 86.58 Cr | 115.00 Cr |
| Tax Provision | - | 19.82 Cr | 30.65 Cr | 26.53 Cr | 33.02 Cr |
| Net Income | - | 59.29 Cr | 86.46 Cr | 60.05 Cr | 81.98 Cr |
| Diluted EPS | - | 43.60 | 49.69 | 34.51 | 47.06 |
Compounded Sales Growth
| 5 Years: | 13.92% |
| 1 Year: | 5.20% |
Compounded Profit Growth
| 5 Years: | 11.41% |
| 1 Year: | 73.00% |
Stock Price Performance
| 1 Year: | +18.94% |
| 6 Months: | +5.86% |
| 3 Months: | +6.17% |
| 1 Month: | +3.03% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 451.68 Cr | 680.87 Cr | 693.93 Cr | 831.83 Cr |
| Current Assets | - | 283.71 Cr | 442.99 Cr | 443.81 Cr | 542.20 Cr |
| Cash & Equivalents | - | 5.95 Cr | 4.04 Cr | 30.28 Cr | 42.31 Cr |
| Inventory | - | 116.21 Cr | 145.21 Cr | 126.74 Cr | 151.87 Cr |
| Receivables | - | 125.17 Cr | 180.10 Cr | 192.66 Cr | 231.97 Cr |
| Total Liabilities | - | 128.15 Cr | 207.86 Cr | 186.84 Cr | 277.38 Cr |
| Current Liabilities | - | 120.23 Cr | 195.27 Cr | 173.52 Cr | 253.39 Cr |
| Long Term Debt | - | 73.00 L | 1.08 Cr | 84.00 L | 58.00 L |
| Total Debt | - | 17.28 Cr | 44.69 Cr | 2.41 Cr | 2.95 Cr |
| Total Equity | - | 323.53 Cr | 473.01 Cr | 507.09 Cr | 554.45 Cr |
| Shares Outstanding | - | 1.36 Cr | 1.36 Cr | 1.74 Cr | 1.74 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 13.67 Cr | 58.29 Cr | 137.11 Cr | 115.86 Cr |
| Investing Cash Flow | - | -9.66 Cr | -43.60 Cr | -17.37 Cr | -65.94 Cr |
| Financing Cash Flow | - | -4.67 Cr | -19.30 Cr | -93.50 Cr | -37.90 Cr |
| Capital Expenditure | - | -14.75 Cr | -43.33 Cr | -41.27 Cr | -22.17 Cr |
| Free Cash Flow | - | -1.08 Cr | 14.96 Cr | 95.84 Cr | 93.69 Cr |
| Net Change in Cash | - | -66.00 L | -4.61 Cr | 26.24 Cr | 12.02 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 26.4% | 28.9% | 35.4% | 37.8% |
| Operating Margin % | - | 10.2% | 10.0% | 7.5% | 9.9% |
| Net Margin % | - | 7.7% | 8.1% | 5.3% | 7.2% |
| ROE % | - | 18.3% | 18.3% | 11.8% | 14.8% |
| ROCE % | - | 23.8% | 22.0% | 16.1% | 19.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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