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Ador Welding Limited ADOR NSEINFRA

Industrials · Specialty Industrial Machinery · India
https://adorwelding.com
Company Profile ↓
₹1,441.00
+48.31% 1Y
Mkt Cap₹2,507.75 Cr
P/E22.12
P/B4.64
Div. Yield1.55%
52W High₹1,730.30
52W Low₹837.42
Book Value₹318.60
EPS (TTM)₹65.14

Company Overview

Ador Welding Limited manufactures and supplies welding equipment, consumables, and automation solutions in India and internationally. The company operates in two segments, Welding, and Flares & Process Equipment. 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 comprising submerged, metal-cored, gas metal, gas tungsten, and flux cored Arc welding products; and bare and coated brazing rods, and brazing fluxes. The company also offers welding equipment, such as MMA, TIG, MIG, advanced multipurpose synergic, submerged Arc welding, and air plasma cutting equipment, as well as TIG add-on units; safety welding products; and gas cutting products, and CNC cutting and hypertherm plasma 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, shipbuilding and marine, automotive and transportation, railways and heavy engineering, and defense and aerospace sectors, as well as power generation sectors, including thermal, hydro, and renewable energy. The company was formerly known as Advani-Oerlikon Limited and changed its name to Ador Welding Limited in September 2003. The company was incorporated in 1951 and is headquartered in Mumbai, India.

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 22.1, below the sector median of 25.9.

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 +22.9%, earnings +73.0%.
  • 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:22.90%

Compounded Profit Growth

5 Years:11.41%
1 Year:73.00%

Stock Price Performance

1 Year:+48.31%
6 Months:+43.08%
3 Months:-4.39%
1 Month:-9.49%

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

Technical Snapshot Mixed
52-Week Range 68% of range
₹837.42 ₹1,730.30
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMAAbove
  • RSI (14)36.12 · Neutral
Price Performance
1M-9.49%
3M-4.39%
6M+43.08%
1Y+48.31%
Valuation vs Sector

P/E of 22.12 is below the sector median of 25.87 — 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
22.12
Industry PE
25.87
Forward P/E
17.59
PEG Ratio
-
Book Value
₹318.60
Price to Book
4.64
P/S
2.15
EV/EBITDA
15.39
Dividend Yield
1.55%

Growth (CAGR)

Revenue 5Y
13.66%
Profit 5Y
11.41%
Revenue (YoY)
22.90%
Earnings (YoY)
73.00%

Profitability & Returns

ROCE
20.26%
ROE
14.79%
ROA
9.86%
Profit Margin
9.48%
Op Margin
9.93%
Gross Margin
36.90%
EPS (Latest Qtr)
₹15.82
EPS (TTM)
₹65.14

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
58.37%
Chg in Prom Hold
0.09%
FII / Inst Holding
10.38%
Chg in FII Hold
-2.25%

Financial Snapshot

Enterprise Value
₹2,507.75 Cr
Total Revenue (TTM)
₹1,197.63 Cr
EBITDA
₹160.46 Cr
Free Cash Flow
₹93.69 Cr
Operating Cash Flow
₹115.86 Cr
Shares Outstanding
₹1.74 Cr
Gross Margin
36.90%
Payout Ratio
30.70%

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 1,441.00 22.12 ₹2,507.75 Cr 1.55% 20.26% 14.79% 13.66% 11.41%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,636.00 30.16 ₹5.00 L Cr 1.05% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,748.80 29.85 ₹4.03 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,854.40 34.83 ₹3.25 L Cr 0.97% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 371.20 44.19 ₹2.71 L Cr 0.66% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,641.50 -37.32 ₹1.79 L Cr 0.00% 4.02% -34.31% 15.55% -227.40%
7 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 410.20 58.68 ₹1.43 L Cr 0.31% 6.60% 6.12% 13.49% 35.91%
8 ABB ABB India Limited NSEAIINFRA 6,559.50 89.35 ₹1.39 L Cr 0.44% 28.45% 19.13% 15.41% 17.97%
9 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 821.00 103.53 ₹1.29 L Cr 0.15% 19.35% 15.13% 21.22% 7.81%
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 2026Jun 2026
Revenue 185.00 Cr199.00 Cr277.00 Cr261.00 Cr297.00 Cr269.00 Cr--310.02 Cr251.84 Cr281.00 Cr288.12 Cr318.97 Cr309.46 Cr
Cost of Revenue --------203.95 Cr153.83 Cr-178.61 Cr203.59 Cr196.51 Cr
Gross Profit --------106.07 Cr98.01 Cr-109.51 Cr115.38 Cr112.95 Cr
Operating Expenses 170.00 Cr174.00 Cr242.00 Cr235.00 Cr265.00 Cr242.00 Cr--79.77 Cr107.17 Cr246.00 Cr79.17 Cr81.96 Cr82.23 Cr
Operating Income 12.00 Cr21.00 Cr32.00 Cr23.00 Cr28.00 Cr23.00 Cr--26.30 Cr-9.16 Cr30.00 Cr30.34 Cr33.42 Cr30.72 Cr
EBITDA 15.00 Cr24.00 Cr36.00 Cr27.00 Cr32.00 Cr27.00 Cr--34.72 Cr56.00 L35.00 Cr41.34 Cr55.70 Cr42.73 Cr
Interest Expense 01.00 Cr1.00 Cr1.00 Cr1.00 Cr1.00 Cr--87.00 L84.00 L1.00 Cr33.00 L40.00 L81.00 L
Pretax Income 13.00 Cr22.00 Cr35.00 Cr26.00 Cr34.00 Cr27.00 Cr--29.10 Cr-5.04 Cr34.00 Cr36.05 Cr50.32 Cr36.93 Cr
Tax Provision 3.25 Cr5.72 Cr9.10 Cr7.54 Cr8.16 Cr7.02 Cr--11.01 Cr-1.09 Cr8.84 Cr9.33 Cr16.12 Cr9.33 Cr
Net Income 10.00 Cr16.00 Cr26.00 Cr19.00 Cr25.00 Cr20.00 Cr--18.09 Cr-3.95 Cr25.00 Cr26.72 Cr34.20 Cr27.60 Cr
Diluted EPS 7.3412.0319.0813.7618.6614.60--10.40-2.2714.3715.3319.6215.82

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
58.37%
Institutions
10.38%
Public Float
24.94%

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.

ADOR — Frequently Asked Questions

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

As of 2026-10-23 04:58 IST, Ador Welding Limited (ADOR) trades at ₹1,441.00 on NSE. Its 52-week range is ₹837.42 to ₹1,730.30.

What is the market capitalisation of ADOR?

Ador Welding Limited (ADOR) has a market capitalisation of ₹2,507.75 Cr on NSE.

What is the P/E ratio of ADOR?

ADOR trades at a trailing price-to-earnings (P/E) ratio of 22.12. The industry average P/E is 25.87. Its price-to-book (P/B) ratio is 4.64.

Does ADOR pay a dividend?

Ador Welding Limited (ADOR) currently offers a dividend yield of 1.55%.

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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