Ador Welding Ltd

Ador Welding Ltd

₹ 966 0.89%
21 May 9:48 a.m.
About

Ador Welding Ltd is a leading player in the field of Welding Products, Technologies and Services. It is also engaged in providing customized solutions for multi-disciplinary projects and contracts related to refineries, oil and gas, petrochemicals and other sectors.[1]

Key Points

Business Segments

  • Market Cap 1,681 Cr.
  • Current Price 966
  • High / Low 1,489 / 777
  • Stock P/E 25.1
  • Book Value 296
  • Dividend Yield 1.91 %
  • ROCE 23.0 %
  • ROE 15.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 21.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 53.3%

Cons

  • Promoter holding has decreased over last 3 years: -3.20%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
200 158 185 199 235 190 276 260 296 268 268 273 308
182 142 170 174 204 174 239 232 263 240 247 249 277
Operating Profit 18 16 15 24 32 16 36 28 33 28 21 24 31
OPM % 9% 10% 8% 12% 14% 8% 13% 11% 11% 10% 8% 9% 10%
3 1 2 2 2 3 4 5 7 6 -36 4 4
Interest 1 0 0 1 1 1 1 1 1 1 1 1 1
Depreciation 3 3 3 3 3 3 4 4 4 4 4 5 5
Profit before tax 17 14 13 22 30 15 36 28 34 28 -21 23 30
Tax % 23% 25% 25% 26% 25% 25% 25% 28% 26% 25% -25% 26% 26%
13 10 10 16 23 11 27 20 25 21 -16 17 22
EPS in Rs 9.71 7.66 7.34 12.03 16.58 8.27 19.62 14.68 18.72 15.27 -11.83 9.66 12.64
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
368 387 407 441 458 512 526 447 661 777 884 1,117
331 358 365 410 423 468 484 425 601 688 793 1,013
Operating Profit 37 28 42 31 35 45 42 22 61 89 91 104
OPM % 10% 7% 10% 7% 8% 9% 8% 5% 9% 11% 10% 9%
-10 34 3 9 10 10 9 -19 14 6 13 -23
Interest 1 1 2 2 6 11 10 8 6 4 5 5
Depreciation 12 12 12 11 10 10 11 11 11 12 13 18
Profit before tax 14 48 32 27 28 35 30 -16 58 79 86 59
Tax % 69% 33% 29% 33% 34% 31% 15% -24% 23% 25% 26% 26%
4 32 23 18 19 24 26 -12 45 59 63 43
EPS in Rs 3.11 23.80 16.66 13.32 13.65 17.54 18.84 -8.82 33.11 43.60 46.47 24.97
Dividend Payout % 161% 21% 30% 38% 37% 37% 34% -0% 38% 40% 40% 80%
Compounded Sales Growth
10 Years: 11%
5 Years: 16%
3 Years: 19%
TTM: 26%
Compounded Profit Growth
10 Years: 17%
5 Years: 21%
3 Years: 20%
TTM: 7%
Stock Price CAGR
10 Years: 16%
5 Years: 33%
3 Years: 13%
1 Year: -30%
Return on Equity
10 Years: 13%
5 Years: 15%
3 Years: 17%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 17
Reserves 167 190 205 224 234 250 235 224 268 310 349 498
1 0 0 35 81 65 82 29 2 17 44 2
92 82 118 107 102 103 108 108 109 111 114 180
Total Liabilities 274 286 337 380 430 431 439 375 393 452 521 698
75 96 99 101 102 115 125 116 117 123 128 196
CWIP 2 2 1 4 1 1 0 3 7 2 25 4
Investments 14 7 12 14 6 7 6 12 20 20 23 32
184 182 224 261 322 308 308 244 248 306 344 466
Total Assets 274 286 337 380 430 431 439 375 393 452 521 698

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
30 1 22 0 -37 63 13 79 26 14 34 139
-1 -8 -4 -11 0 -19 -21 -7 -5 -10 -37 -19
-11 -9 -9 19 33 -33 -13 -61 -31 -5 -2 -93
Net Cash Flow 18 -17 10 7 -4 11 -22 12 -10 -1 -4 26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 77 79 107 63 73 60 90 86 51 59 62 63
Inventory Days 74 59 58 56 60 52 62 70 70 81 75 64
Days Payable 78 56 106 85 84 67 72 87 60 51 43 62
Cash Conversion Cycle 74 81 60 34 50 45 80 69 61 89 94 64
Working Capital Days 47 61 68 93 146 113 113 65 55 73 80 68
ROCE % 15% 11% 17% 12% 11% 14% 12% 6% 20% 27% 24% 23%

Shareholding Pattern

Numbers in percentages

27 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
56.90% 56.90% 56.90% 56.90% 56.90% 56.90% 56.90% 56.90% 56.94% 56.94% 53.24% 53.71%
0.20% 0.31% 0.23% 0.32% 0.22% 0.13% 0.30% 0.10% 0.06% 0.05% 0.06% 0.03%
6.70% 4.80% 4.44% 2.99% 2.79% 4.02% 4.43% 5.74% 10.21% 12.00% 10.31% 11.00%
36.19% 37.99% 38.42% 39.78% 40.08% 38.96% 38.38% 37.25% 32.78% 31.02% 36.39% 35.27%
No. of Shareholders 14,72717,44318,22819,30623,20928,05930,27432,57529,28330,66541,46840,702

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls