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Ador Welding Limited ADOR NSEINFRA

Industrials · Specialty Industrial Machinery · India
https://www.adorwelding.com
Company Profile ↓
₹1,336.00
+21.50% 1Y
Mkt Cap₹2,325.02 Cr
P/E28.39
P/B4.18
Div. Yield2.24%
52W High₹1,336.00
52W Low₹851.80
Book Value₹318.59
EPS (TTM)₹47.06

Company Overview

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.

Why Investors Should Care

Healthy Capital Returns

Return on capital employed stands at 20.3%.

Consistent Profit Growth

Net profit has compounded at 11.4% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 13.7% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 28.4, below the sector median of 29.6.

Dividend Income

Offers a dividend yield of 2.24%.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹1,132.38 Cr (+1.3% YoY); net profit ₹81.98 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +1.3%, earnings +36.5%.
  • 5-Year Trend Long-term compounding — revenue CAGR 13.7%, profit CAGR 11.4%.

Growth & Price Performance

Compounded Sales Growth

5 Years:13.66%
1 Year:1.30%

Compounded Profit Growth

5 Years:11.41%
1 Year:36.52%

Stock Price Performance

1 Year:+21.50%
6 Months:+26.34%
3 Months:+36.17%
1 Month:+13.43%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bullish
52-Week Range 100% of range
₹851.80 ₹1,336.00
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMAAbove
  • RSI (14)70.87 · Overbought
Price Performance
1M+13.43%
3M+36.17%
6M+26.34%
1Y+21.50%
Valuation vs Sector

P/E of 28.39 is below the sector median of 29.60 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Healthy ROCE of 20.3%.
  • Compounding revenue at 13.7% over 5 years.
  • Profit CAGR of 11.4% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
28.39
Industry PE
29.60
Forward P/E
17.91
PEG Ratio
-
Book Value
₹318.59
Price to Book
4.18
P/S
2.05
EV/EBITDA
14.47
Dividend Yield
2.24%

Growth (CAGR)

Revenue 5Y
13.66%
Profit 5Y
11.41%
Revenue (YoY)
1.30%
Earnings (YoY)
36.52%

Profitability & Returns

ROCE
20.26%
ROE
14.79%
ROA
9.86%
Profit Margin
7.24%
Op Margin
10.20%
Gross Margin
30.75%
EPS (Latest Qtr)
₹19.62
EPS (TTM)
₹47.06

Balance Sheet & Liquidity

Debt/Equity
0.53
Quick Ratio
1.54
Current Ratio
2.14
Debt
₹2.95 Cr
Total Assets
₹831.83 Cr
Current Assets
₹542.20 Cr
Working Capital
₹288.81 Cr

Ownership

Promoter Holding
58.28%
Chg in Prom Hold
4.52%
FII / Inst Holding
12.44%
Chg in FII Hold
-0.56%

Financial Snapshot

Enterprise Value
₹2,325.02 Cr
Total Revenue (TTM)
₹1,132.38 Cr
EBITDA
₹136.65 Cr
Free Cash Flow
₹93.69 Cr
Operating Cash Flow
₹115.86 Cr
Shares Outstanding
₹1.74 Cr
Gross Margin
30.75%
Payout Ratio
52.87%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ADOR Ador Welding Limited NSEINFRA 1,336.00 28.39 ₹2,325.02 Cr 2.24% 20.26% 14.79% 13.66% 11.41%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,849.40 32.93 ₹5.30 L Cr 0.96% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,834.20 31.50 ₹4.23 L Cr 0.42% 10.97% 13.32% 22.93% 34.11%
4 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 410.75 56.42 ₹3.00 L Cr 1.05% 31.88% 25.27% 16.63% 26.64%
5 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,463.30 32.75 ₹2.98 L Cr 0.44% 13.80% 22.21% 7.87% 16.08%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 5,202.50 -84.07 ₹2.01 L Cr 0.24% 4.02% -34.31% 16.59% -227.40%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,535.50 64.97 ₹1.53 L Cr 1.17% 34.95% 27.87% 16.07% 24.35%
8 ABB ABB India Limited NSEAIINFRA 6,951.50 88.30 ₹1.47 L Cr 0.58% 28.45% 21.29% 15.41% 17.97%
9 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 33,005.00 148.92 ₹1.47 L Cr 0.02% 24.92% 19.09% 22.24% 119.12%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Sep 2022Dec 2022Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 185.00 Cr199.00 Cr277.00 Cr261.00 Cr297.00 Cr269.00 Cr-273.96 Cr310.02 Cr251.84 Cr281.00 Cr288.12 Cr318.97 Cr
Cost of Revenue -------176.14 Cr203.95 Cr153.83 Cr-178.61 Cr203.59 Cr
Gross Profit -------97.82 Cr106.07 Cr98.01 Cr-109.51 Cr115.38 Cr
Operating Expenses 170.00 Cr174.00 Cr242.00 Cr235.00 Cr265.00 Cr242.00 Cr-79.19 Cr79.77 Cr107.17 Cr246.00 Cr79.17 Cr81.96 Cr
Operating Income 12.00 Cr21.00 Cr32.00 Cr23.00 Cr28.00 Cr23.00 Cr-18.63 Cr26.30 Cr-9.16 Cr30.00 Cr30.34 Cr33.42 Cr
EBITDA 15.00 Cr24.00 Cr36.00 Cr27.00 Cr32.00 Cr27.00 Cr-26.98 Cr34.72 Cr56.00 L35.00 Cr41.34 Cr55.70 Cr
Interest Expense 01.00 Cr1.00 Cr1.00 Cr1.00 Cr1.00 Cr-1.07 Cr87.00 L84.00 L1.00 Cr33.00 L40.00 L
Pretax Income 13.00 Cr22.00 Cr35.00 Cr26.00 Cr34.00 Cr27.00 Cr-21.28 Cr29.10 Cr-5.04 Cr34.00 Cr36.05 Cr50.32 Cr
Tax Provision 3.25 Cr5.72 Cr9.10 Cr7.54 Cr8.16 Cr7.02 Cr-5.87 Cr11.01 Cr-1.09 Cr8.84 Cr9.33 Cr16.12 Cr
Net Income 10.00 Cr16.00 Cr26.00 Cr19.00 Cr25.00 Cr20.00 Cr-15.41 Cr18.09 Cr-3.95 Cr25.00 Cr26.72 Cr34.20 Cr
Diluted EPS 7.3412.0319.0813.7618.6614.60-8.8610.40-2.2714.3715.3319.62

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 371.00 Cr388.00 Cr408.00 Cr442.00 Cr458.00 Cr513.00 Cr526.00 Cr448.00 Cr-771.15 Cr1,067.85 Cr1,117.86 Cr1,132.38 Cr
Cost of Revenue ---------567.49 Cr759.59 Cr798.79 Cr784.14 Cr
Gross Profit ---------203.66 Cr308.26 Cr319.07 Cr348.24 Cr
Operating Expenses 344.00 Cr360.00 Cr366.00 Cr411.00 Cr423.00 Cr468.00 Cr484.00 Cr425.00 Cr-124.15 Cr198.26 Cr227.08 Cr232.77 Cr
Operating Income 15.00 Cr15.00 Cr30.00 Cr20.00 Cr25.00 Cr36.00 Cr31.00 Cr11.00 Cr-79.51 Cr110.00 Cr91.99 Cr115.47 Cr
EBITDA 27.00 Cr28.00 Cr42.00 Cr31.00 Cr35.00 Cr46.00 Cr42.00 Cr22.00 Cr-93.08 Cr137.01 Cr109.21 Cr136.65 Cr
Interest Expense 2.00 Cr1.00 Cr2.00 Cr2.00 Cr6.00 Cr11.00 Cr10.00 Cr8.00 Cr-2.36 Cr4.08 Cr4.41 Cr2.17 Cr
Pretax Income 4.00 Cr48.00 Cr32.00 Cr27.00 Cr28.00 Cr36.00 Cr31.00 Cr-14.00 Cr-79.11 Cr117.11 Cr86.58 Cr115.00 Cr
Tax Provision 8.64 Cr15.84 Cr9.28 Cr9.18 Cr9.52 Cr11.16 Cr4.34 Cr3.64 Cr-19.82 Cr30.65 Cr26.53 Cr33.02 Cr
Net Income -5.00 Cr32.00 Cr22.00 Cr18.00 Cr18.00 Cr25.00 Cr26.00 Cr-10.00 Cr-59.29 Cr86.46 Cr60.05 Cr81.98 Cr
Diluted EPS -3.7623.4316.4713.1313.5418.0519.21-7.63-43.6049.6934.5147.06

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 280.00 Cr285.00 Cr335.00 Cr378.00 Cr428.00 Cr429.00 Cr437.00 Cr375.00 Cr-451.68 Cr680.87 Cr693.93 Cr831.83 Cr
Current Assets ---------283.71 Cr442.99 Cr443.81 Cr542.20 Cr
Cash & Equivalents ---------5.95 Cr4.04 Cr30.28 Cr42.31 Cr
Inventory ---------116.21 Cr145.21 Cr126.74 Cr151.87 Cr
Receivables ---------125.17 Cr180.10 Cr192.66 Cr231.97 Cr
Total Liabilities ---------128.15 Cr207.86 Cr186.85 Cr277.39 Cr
Current Liabilities ---------120.23 Cr195.27 Cr173.52 Cr253.39 Cr
Long Term Debt ---------73.00 L1.08 Cr84.00 L58.00 L
Total Debt 19.00 Cr0036.00 Cr81.00 Cr65.00 Cr82.00 Cr29.00 Cr-17.28 Cr44.69 Cr2.41 Cr2.95 Cr
Total Equity 169.00 Cr203.00 Cr217.00 Cr235.00 Cr245.00 Cr262.00 Cr248.00 Cr238.00 Cr-323.53 Cr473.01 Cr507.08 Cr554.44 Cr
Shares Outstanding ---------1.36 Cr1.36 Cr1.74 Cr1.74 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 21.00 Cr1.00 Cr23.00 Cr0-37.00 Cr64.00 Cr14.00 Cr79.00 Cr-13.67 Cr58.29 Cr137.11 Cr115.86 Cr
Investing Cash Flow -1.00 Cr-9.00 Cr-4.00 Cr-12.00 Cr0-19.00 Cr-22.00 Cr-7.00 Cr--9.66 Cr-43.60 Cr-17.37 Cr-65.93 Cr
Financing Cash Flow -3.00 Cr-9.00 Cr-9.00 Cr19.00 Cr32.00 Cr-33.00 Cr-13.00 Cr-61.00 Cr--4.67 Cr-19.30 Cr-93.50 Cr-37.90 Cr
Capital Expenditure -13.00 Cr-6.00 Cr-15.00 Cr-16.00 Cr-9.00 Cr-19.00 Cr-22.00 Cr-8.00 Cr--14.75 Cr-43.33 Cr-41.27 Cr-22.17 Cr
Free Cash Flow 8.00 Cr-5.00 Cr8.00 Cr-16.00 Cr-46.00 Cr45.00 Cr-8.00 Cr71.00 Cr--1.08 Cr14.96 Cr95.84 Cr93.69 Cr
Net Change in Cash 17.00 Cr-17.00 Cr10.00 Cr7.00 Cr-4.00 Cr11.00 Cr-22.00 Cr12.00 Cr--66.00 L-4.61 Cr26.24 Cr12.03 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % ---------26.4%28.9%28.5%30.8%
Operating Margin % 4.0%3.9%7.4%4.5%5.5%7.0%5.9%2.5%-10.3%10.3%8.2%10.2%
Net Margin % -1.3%8.2%5.4%4.1%3.9%4.9%4.9%-2.2%-7.7%8.1%5.4%7.2%
ROE % -3.0%15.8%10.1%7.7%7.3%9.5%10.5%-4.2%-18.3%18.3%11.8%14.8%
ROCE % ---------24.0%22.7%17.7%20.0%

Shareholding Pattern

Insiders
58.28%
Institutions
12.44%
Public Float
29.82%

Analyst View

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Latest News

Recent headlines for ADOR

Yahoo Finance Mon, 04 May 2026

Ador Welding Ltd (BOM:517041) Q4 2026 Earnings Call Highlights: Steady Revenue Growth and ...

Ador Welding Ltd (BOM:517041) reports modest revenue growth, improved margins, and strategic moves in automation and global partnerships to drive future growth.

Yahoo Finance Fri, 30 Jan 2026

Plasma Cutting Machines Market Outlook 2026-2030 - DAIHEN, Ador Welding, ERMAKSAN, Haco Group, and Hypertherm Associates Dominate the Highly Competitive Industry

Dublin, Jan. 30, 2026 (GLOBE NEWSWIRE) -- The "Plasma Cutting Machine Market: 2026 Edition" has been added to ResearchAndMarkets.com's offering. The global plasma cutting machine market was valued at US$738.26 million in 2024. The market va…

Yahoo Finance Wed, 22 Oct 2025

Welding Materials: Global Market Trends, Value Chain Analysis and Growth Forecast to 2030 Featuring Air Liquide, Air Products, ESAB, Illinois Tool Works, Linde, Lincoln Electric, Ador Welding and More

Global Welding Materials Market Global Welding Materials Market Dublin, Oct. 22, 2025 (GLOBE NEWSWIRE) -- The "Welding Materials Market by Type (Electrodes & Filler Materials, Fluxes & Wires, Gases), Technology (Arc, Resistance, Oxy-Fuel We…

Yahoo Finance Fri, 17 Oct 2025

Ador Welding Ltd (BOM:517041) Q2 2026 Earnings Call Highlights: Strong Margins and Strategic ...

Ador Welding Ltd (BOM:517041) reports improved margins and strategic growth initiatives, despite facing challenges in international markets and skilled labor shortages.

ADOR — Frequently Asked Questions

What is the current share price of Ador Welding Limited (ADOR)?

As of 2026-07-15 09:52 IST, Ador Welding Limited (ADOR) trades at ₹1,336.00 on NSE. Its 52-week range is ₹851.80 to ₹1,336.00.

What is the market capitalisation of ADOR?

Ador Welding Limited (ADOR) has a market capitalisation of ₹2,325.02 Cr on NSE.

What is the P/E ratio of ADOR?

ADOR trades at a trailing price-to-earnings (P/E) ratio of 28.39. The industry average P/E is 29.60. Its price-to-book (P/B) ratio is 4.18.

Does ADOR pay a dividend?

Ador Welding Limited (ADOR) currently offers a dividend yield of 2.24%.

What is the return on equity (ROE) of ADOR?

ADOR has a return on equity (ROE) of 14.79%. Its return on capital employed (ROCE) is 20.26%.

Is ADOR a good stock to buy?

This page provides a data-driven analysis of Ador Welding Limited (ADOR), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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