Ador Welding Ltd

Ador Welding Ltd

₹ 956 -0.15%
21 May 2:16 p.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 1,663 Cr.
  • Current Price 956
  • High / Low 1,489 / 777
  • Stock P/E 24.5
  • Book Value 291
  • Dividend Yield 1.93 %
  • ROCE 20.0 %
  • ROE 13.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 21.0% CAGR over last 5 years

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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
160 174 200 158 185 199 277 261 297 269 269 274 310
146 158 182 142 170 174 242 235 265 242 249 251 279
Operating Profit 13 16 18 16 15 24 36 27 32 27 20 23 31
OPM % 8% 9% 9% 10% 8% 12% 13% 10% 11% 10% 7% 8% 10%
9 1 3 1 2 2 4 5 7 5 -5 4 4
Interest 1 1 1 0 0 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 18 14 17 14 13 22 35 26 34 27 9 21 29
Tax % 17% 25% 23% 25% 25% 26% 26% 29% 24% 26% 28% 28% 38%
15 11 13 10 10 16 26 19 25 20 7 15 18
EPS in Rs 10.77 7.78 9.70 7.66 7.34 12.03 19.08 13.76 18.66 14.60 4.93 8.85 10.39
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025
365 371 388 408 442 458 513 526 448 661 1,074 1,123
331 344 360 366 411 423 468 484 425 601 956 1,021
Operating Profit 34 27 28 42 31 35 46 42 22 61 118 102
OPM % 9% 7% 7% 10% 7% 8% 9% 8% 5% 9% 11% 9%
4 -8 34 3 9 10 10 9 -17 14 19 7
Interest 1 2 1 2 2 6 11 10 8 6 4 5
Depreciation 12 12 13 12 11 10 10 11 11 11 16 18
Profit before tax 24 4 48 32 27 28 36 31 -14 58 117 87
Tax % 31% 216% 33% 29% 34% 34% 31% 14% -26% 22% 26% 31%
17 -5 32 22 18 18 25 26 -10 45 86 60
EPS in Rs 12.41 -3.76 23.43 16.47 13.13 13.54 18.05 19.21 -7.63 33.21 63.58 34.51
Dividend Payout % 48% -133% 21% 30% 38% 37% 36% 34% 0% 38% 0% 58%
Compounded Sales Growth
10 Years: 11%
5 Years: 16%
3 Years: 19%
TTM: 5%
Compounded Profit Growth
10 Years: 17%
5 Years: 21%
3 Years: 21%
TTM: -21%
Stock Price CAGR
10 Years: 16%
5 Years: 33%
3 Years: 13%
1 Year: -30%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 17
Reserves 169 155 189 203 221 231 248 234 224 268 459 490
10 19 0 0 36 81 65 82 29 2 45 2
74 93 82 118 107 102 103 108 108 109 163 184
Total Liabilities 266 280 285 335 378 428 429 437 375 393 681 694
95 77 97 100 102 103 116 125 117 117 157 197
CWIP 0 2 2 1 4 1 1 0 3 7 25 4
Investments 27 14 6 12 11 2 4 4 11 20 39 32
144 188 179 222 261 322 309 308 244 248 459 461
Total Assets 266 280 285 335 378 428 429 437 375 393 681 694

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025
15 21 1 23 0 -37 64 14 79 26 58 137
-4 -1 -9 -4 -12 0 -19 -22 -7 -5 -44 -17
-11 -3 -9 -9 19 32 -33 -13 -61 -31 -19 -94
Net Cash Flow -0 17 -17 10 7 -4 11 -22 12 -10 -5 26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025
Debtor Days 73 77 78 107 63 73 60 90 86 51 61 63
Inventory Days 69 77 59 58 56 60 52 62 70 70 77 64
Days Payable 65 81 57 109 85 84 67 72 87 60 45 63
Cash Conversion Cycle 77 72 81 56 34 50 45 79 69 61 93 64
Working Capital Days 53 48 61 67 93 145 112 113 65 55 83 66
ROCE % 10% 10% 17% 12% 11% 14% 12% 6% 20% 20%

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