Ador Welding Ltd

Ador Welding Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ador Welding Ltd

₹ 1,054 0.73%
15 May - close price
adorwelding.com BSE: 517041 NSE: ADOR
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

Website BSE NSE
  • Market Cap ₹ 1,834 Cr.
  • Current Price ₹ 1,054
  • High / Low ₹ 1,260 / 848
  • Stock P/E 21.8
  • Book Value ₹ 319
  • Dividend Yield 1.90 %
  • ROCE 22.5 %
  • ROE 15.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 48.4%

Cons

  • Promoter holding has decreased over last 3 years: -3.14%

* 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.

Peer comparison

Industrials Capital Goods Industrial Products Other Industrial Products

Part of BSE Industrials BSE 1000

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
185 199 277 261 297 269 269 274 310 252 281 288 319
170 174 242 235 265 242 249 251 279 256 246 244 272
Operating Profit 15 24 36 27 32 27 20 23 31 -4 35 44 47
OPM % 8% 12% 13% 10% 11% 10% 7% 8% 10% -2% 12% 15% 15%
2 2 4 5 7 5 -5 4 4 5 4 -2 9
Interest 0 1 1 1 1 1 1 1 1 1 1 0 0
Depreciation 3 3 4 4 4 4 4 5 5 5 5 5 5
Profit before tax 13 22 35 26 34 27 9 21 29 -5 34 36 50
Tax % 25% 26% 26% 29% 24% 26% 28% 28% 38% -22% 26% 26% 32%
10 16 26 19 25 20 7 15 18 -4 25 27 34
EPS in Rs 7.34 12.03 19.08 13.76 18.66 14.60 4.93 8.85 10.39 -2.27 14.37 15.35 19.65
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025 Mar 2026
371 388 408 442 458 513 526 448 661 1,074 1,123 1,140
344 360 366 411 423 468 484 425 601 955 1,019 1,019
Operating Profit 27 28 42 31 35 46 42 22 61 119 104 121
OPM % 7% 7% 10% 7% 8% 9% 8% 5% 9% 11% 9% 11%
-8 34 3 9 10 10 9 -17 14 19 7 15
Interest 2 1 2 2 6 11 10 8 6 6 6 2
Depreciation 12 13 12 11 10 10 11 11 11 16 18 19
Profit before tax 4 48 32 27 28 36 31 -14 58 117 87 115
Tax % 216% 33% 29% 34% 34% 31% 14% -26% 22% 26% 31% 29%
-5 32 22 18 18 25 26 -10 45 86 60 82
EPS in Rs -3.76 23.43 16.47 13.13 13.54 18.05 19.21 -7.63 33.21 63.58 34.51 47.11
Dividend Payout % -133% 21% 30% 38% 37% 36% 34% 0% 38% 39% 58% 49%
Compounded Sales Growth
10 Years: 11%
5 Years: 21%
3 Years: %
TTM: 2%
Compounded Profit Growth
10 Years: 13%
5 Years: 40%
3 Years: %
TTM: 24%
Stock Price CAGR
10 Years: 14%
5 Years: 21%
3 Years: -3%
1 Year: 4%
Return on Equity
10 Years: %
5 Years: %
3 Years: 16%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025 Mar 2026
Equity Capital 14 14 14 14 14 14 14 14 14 14 17 17
Reserves 155 189 203 221 231 248 234 224 268 459 490 537
19 0 0 36 81 65 82 29 2 45 2 3
93 82 118 107 102 103 108 108 109 163 184 274
Total Liabilities 280 285 335 378 428 429 437 375 393 681 694 832
77 97 100 102 103 116 125 117 117 157 197 204
CWIP 2 2 1 4 1 1 0 3 7 25 4 3
Investments 14 6 12 11 2 4 4 11 20 39 32 47
188 179 222 261 322 309 308 244 248 459 461 577
Total Assets 280 285 335 378 428 429 437 375 393 681 694 832

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025 Mar 2026
21 1 23 0 -37 64 14 79 26 58 137 116
-1 -9 -4 -12 0 -19 -22 -7 -5 -44 -17 -66
-3 -9 -9 19 32 -33 -13 -61 -31 -19 -94 -38
Net Cash Flow 17 -17 10 7 -4 11 -22 12 -10 -5 26 12
Free Cash Flow 8 -5 8 -16 -46 45 -8 71 28 16 98 94
CFO/OP 111% 23% 81% 33% -77% 162% 57% 346% 67% 77% 155% 123%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2024 Mar 2025 Mar 2026
Debtor Days 77 78 107 63 73 60 90 86 51 61 63 74
Inventory Days 77 59 58 56 60 52 62 70 70 77 64 78
Days Payable 81 57 109 85 84 67 72 87 60 45 63 100
Cash Conversion Cycle 72 81 56 34 50 45 79 69 61 93 64 53
Working Capital Days 40 61 67 63 81 66 56 42 54 56 58 63
ROCE % 10% 10% 17% 12% 11% 14% 12% 6% 20% 20% 22%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025
Welding Consumables Production/Sales Volume
MT (Metric Tons) ・Standalone data

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Welding Equipment Sales Volume
Units ・Standalone data
Number of Distributors
Count
Installed Capacity - Welding Consumables
MT/year ・Standalone data
Installed Capacity - Welding Power Sources
Units/year ・Standalone data
Order Book - Flare & Process Equipment (Large Project)
Rs. Crore
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
56.90% 56.90% 56.90% 56.90% 56.94% 56.94% 53.24% 53.71% 53.71% 53.73% 53.74% 53.76%
0.22% 0.13% 0.30% 0.10% 0.06% 0.05% 0.06% 0.03% 0.07% 0.09% 0.14% 0.37%
2.79% 4.02% 4.43% 5.74% 10.21% 12.00% 10.31% 11.00% 11.85% 12.44% 12.56% 12.63%
40.08% 38.96% 38.38% 37.25% 32.78% 31.02% 36.39% 35.27% 34.37% 33.76% 33.57% 33.26%
No. of Shareholders 23,20928,05930,27432,57529,28330,66541,46840,70238,88937,94936,35635,567

* 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.

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Documents

Announcements

Annual reports

Credit ratings

Concalls