Ador Welding Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 15.8%)
- Efficient capital deployment (ROCE 22.8%)
- Attractively valued vs sector (P/E 19.2x vs industry 47.1x)
- Virtually debt-free
- Regular dividends — yield 1.8%
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ADOR · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 56.90% | 56.90% | 56.94% | 56.94% | 53.24% | 53.71% |
| FII | 0.30% | 0.10% | 0.06% | 0.05% | 0.06% | 0.03% |
| DII | 4.43% | 5.74% | 10.21% | 12.00% | 10.31% | 11.00% |
| Public | 38.38% | 37.25% | 32.78% | 31.02% | 36.39% | 35.27% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
Dividend - Rs 20 Per Share
Interim Dividend - Rs 18.50 Per Share
Annual General Meeting/Dividend - Rs 17.50 Per Share
Latest News
All newsAdor Welding reports Q2 FY27 financial results.
*Ador Welding reports Q2 FY27 financial results.* The company has released its financial performance for the quarter ended September 30, 2026. Results are in line with market expectations, with no **major deviation** in revenue or profit figures. Further details on margins and order book will be analyzed upon full disclosure. 📊 *STOCKS:* $ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Earnings
Ador Welding announces change in management team
*Ador Welding announces change in management team.* The company has filed a regulatory update regarding a shift in its management structure. Such changes may influence strategic direction and investor sentiment. No financial details were disclosed. 📊 *STOCKS:* $ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #ManagementChange
Ador Welding announces board meeting outcomes.
*Ador Welding announces outcomes from its July 30, 2026 board meeting.* The company disclosed routine corporate updates with no major financial deviations. Key decisions included approval of inter-corporate investments and minor operational adjustments. No dividend or capital restructuring was announced. 📊 *STOCKS:* $ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #BoardMeeting
Ador Welding shares hit 5% upper circuit on buyback announcement
*Ador Welding shares surged **5%** to hit upper circuit following announcement of a share buyback.* The company filed a copy of newspaper publication detailing the buyback offer, triggering strong retail interest. The buyback price is set at **₹1,800 per share**, significantly above current market levels. Volume spiked with **3x** average turnover. 📊 *STOCKS:* $ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Buyback
Ador Welding shares to trade ex-dividend today
*Ador Welding shares to trade ex-dividend today.* Shareholders as of record date will receive **₹8 per share** final dividend. Trading begins ex-dividend on NSE. Dividend reflects stable returns for long-term investors. 📊 *STOCKS:* $ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Dividend
Ador Welding shares may react to investor presentation
*Ador Welding shares may react to investor presentation.* The company released an investor presentation through a corporate filing on NSE, outlining business updates and strategic direction. While no major financial figures or announcements were highlighted, the document may influence trader sentiment. Traders should review the filing for potential cues on future performance. 📊 *STOCKS:* $ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorPresentation
Ador Welding sets dividend record date for July 2026
*Ador Welding sets dividend record date for July 2026.* Ador Welding Limited has announced **16-Jul-2026** as the record date for dividend distribution. Shareholders registered on this date will be eligible for the dividend. The quantum and payment date will be disclosed later. 📊 *STOCKS:* ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Dividend
Ador Welding shares unchanged on general updates filing
*Ador Welding shares unchanged on general updates filing*. Company filed a routine 'General Updates' notice with the NSE, disclosing no major operational or financial changes. No significant developments were reported that could impact near-term trading. Investors await next earnings release for directional cues. 📊 *STOCKS:* ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #corporate
Ador Welding announces newspaper publication for shareholder notice
*Ador Welding announces newspaper publication for shareholder notice.* This is a routine compliance requirement under corporate regulations. No financial or operational updates were disclosed. The notice pertains to a statutory obligation. 📊 *STOCKS:* ADORWEL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateNotice
Ador Welding to hold shareholder meeting on July 23
*Ador Welding to hold shareholder meeting on July 23* Ador Welding Limited has announced a shareholder meeting on July 23, 2026. The agenda and purpose of the meeting are not detailed in the filing. Such meetings typically cover routine corporate governance matters. No immediate financial impact is expected. 📊 *STOCKS:* ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareholderMeeting
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹288 Cr 2.5% | ₹281 Cr 11.5% | ₹252 Cr 18.7% | ₹310 Cr 13.1% | ₹274 Cr 1.9% | ₹269 Cr 0.0% | ₹269 Cr 9.4% | ₹297 Cr |
| Op. Profit | ₹44 Cr 25.7% | ₹35 Cr 975.0% | ₹-4 Cr 112.9% | ₹31 Cr 34.8% | ₹23 Cr 15.0% | ₹20 Cr 25.9% | ₹27 Cr 15.6% | ₹32 Cr |
| OPM | 15.0% 25.0% | 12.0% 700.0% | -2.0% 120.0% | 10.0% 25.0% | 8.0% 14.3% | 7.0% 30.0% | 10.0% 9.1% | 11.0% |
| Net Profit | ₹27 Cr 8.0% | ₹25 Cr 725.0% | ₹-4 Cr 122.2% | ₹18 Cr 20.0% | ₹15 Cr 114.3% | ₹7 Cr 65.0% | ₹20 Cr 20.0% | ₹25 Cr |
| EPS (₹) | 15.35 6.8% | 14.37 733.0% | -2.27 121.8% | 10.39 17.4% | 8.85 79.5% | 4.93 66.2% | 14.6 21.8% | 18.66 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.1K Cr 1.5% | ₹1.1K Cr 4.6% | ₹1.1K Cr 62.5% | ₹661 Cr 47.5% | ₹448 Cr 14.8% | ₹526 Cr 2.5% | ₹513 Cr 12.0% | ₹458 Cr 3.6% | ₹442 Cr 8.3% | ₹408 Cr |
| Expenses | ₹1.0K Cr 0.0% | ₹1.0K Cr 6.7% | ₹955 Cr 58.9% | ₹601 Cr 41.4% | ₹425 Cr 12.2% | ₹484 Cr 3.4% | ₹468 Cr 10.6% | ₹423 Cr 2.9% | ₹411 Cr 12.3% | ₹366 Cr |
| Op. Profit | ₹121 Cr 16.3% | ₹104 Cr 12.6% | ₹119 Cr 95.1% | ₹61 Cr 177.3% | ₹22 Cr 47.6% | ₹42 Cr 8.7% | ₹46 Cr 31.4% | ₹35 Cr 12.9% | ₹31 Cr 26.2% | ₹42 Cr |
| OPM | 11.0% 22.2% | 9.0% 18.2% | 11.0% 22.2% | 9.0% 80.0% | 5.0% 37.5% | 8.0% 11.1% | 9.0% 12.5% | 8.0% 14.3% | 7.0% 30.0% | 10.0% |
| Other Income | ₹15 Cr 114.3% | ₹7 Cr 63.2% | ₹19 Cr 35.7% | ₹14 Cr 182.4% | ₹-17 Cr 288.9% | ₹9 Cr 10.0% | ₹10 Cr 0.0% | ₹10 Cr 11.1% | ₹9 Cr 200.0% | ₹3 Cr |
| Interest | ₹2 Cr 66.7% | ₹6 Cr 0.0% | ₹6 Cr 0.0% | ₹6 Cr 25.0% | ₹8 Cr 20.0% | ₹10 Cr 9.1% | ₹11 Cr 83.3% | ₹6 Cr 200.0% | ₹2 Cr 0.0% | ₹2 Cr |
| Depreciation | ₹19 Cr 5.6% | ₹18 Cr 12.5% | ₹16 Cr 45.5% | ₹11 Cr 0.0% | ₹11 Cr 0.0% | ₹11 Cr 10.0% | ₹10 Cr 0.0% | ₹10 Cr 9.1% | ₹11 Cr 8.3% | ₹12 Cr |
| PBT | ₹115 Cr 32.2% | ₹87 Cr 25.6% | ₹117 Cr 101.7% | ₹58 Cr 514.3% | ₹-14 Cr 145.2% | ₹31 Cr 13.9% | ₹36 Cr 28.6% | ₹28 Cr 3.7% | ₹27 Cr 15.6% | ₹32 Cr |
| Tax % | 29.0% 6.5% | 31.0% 19.2% | 26.0% 18.2% | 22.0% 184.6% | -26.0% 285.7% | 14.0% 54.8% | 31.0% 8.8% | 34.0% 0.0% | 34.0% 17.2% | 29.0% |
| Net Profit | ₹82 Cr 36.7% | ₹60 Cr 30.2% | ₹86 Cr 91.1% | ₹45 Cr 550.0% | ₹-10 Cr 138.5% | ₹26 Cr 4.0% | ₹25 Cr 38.9% | ₹18 Cr 0.0% | ₹18 Cr 18.2% | ₹22 Cr |
| EPS (₹) | 47.11 36.5% | 34.51 45.7% | 63.58 91.4% | 33.21 535.3% | -7.63 139.7% | 19.21 6.4% | 18.05 33.3% | 13.54 3.1% | 13.13 20.3% | 16.47 |
| Div Payout | 49.0% 15.5% | 58.0% 48.7% | 39.0% 2.6% | 38.0% | 0.0% 100.0% | 34.0% 5.6% | 36.0% 2.7% | 37.0% 2.6% | 38.0% 26.7% | 30.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹17 Cr 0.0% | ₹17 Cr 21.4% | ₹14 Cr 0.0% | ₹14 Cr 0.0% | ₹14 Cr 0.0% | ₹14 Cr 0.0% | ₹14 Cr 0.0% | ₹14 Cr 0.0% | ₹14 Cr 0.0% | ₹14 Cr |
| Reserves | ₹475 Cr 3.1% | ₹490 Cr 6.8% | ₹459 Cr 71.3% | ₹268 Cr 19.6% | ₹224 Cr 4.3% | ₹234 Cr 5.6% | ₹248 Cr 7.4% | ₹231 Cr 4.5% | ₹221 Cr 8.9% | ₹203 Cr |
| Borrowings | ₹2 Cr 0.0% | ₹2 Cr 95.6% | ₹45 Cr 2150.0% | ₹2 Cr 93.1% | ₹29 Cr 64.6% | ₹82 Cr 26.2% | ₹65 Cr 19.8% | ₹81 Cr 125.0% | ₹36 Cr | ₹0 Cr |
| Other Liabilities | ₹229 Cr 24.5% | ₹184 Cr 12.9% | ₹163 Cr 49.5% | ₹109 Cr 0.9% | ₹108 Cr 0.0% | ₹108 Cr 4.9% | ₹103 Cr 1.0% | ₹102 Cr 4.7% | ₹107 Cr 9.3% | ₹118 Cr |
| Total Liabilities | ₹724 Cr 4.3% | ₹694 Cr 1.9% | ₹681 Cr 73.3% | ₹393 Cr 4.8% | ₹375 Cr 14.2% | ₹437 Cr 1.9% | ₹429 Cr 0.2% | ₹428 Cr 13.2% | ₹378 Cr 12.8% | ₹335 Cr |
Assets | ||||||||||
| Fixed Assets | ₹204 Cr 3.6% | ₹197 Cr 25.5% | ₹157 Cr 34.2% | ₹117 Cr 0.0% | ₹117 Cr 6.4% | ₹125 Cr 7.8% | ₹116 Cr 12.6% | ₹103 Cr 1.0% | ₹102 Cr 2.0% | ₹100 Cr |
| CWIP | ₹3 Cr 25.0% | ₹4 Cr 84.0% | ₹25 Cr 257.1% | ₹7 Cr 133.3% | ₹3 Cr | ₹0 Cr 100.0% | ₹1 Cr 0.0% | ₹1 Cr 75.0% | ₹4 Cr 300.0% | ₹1 Cr |
| Investments | ₹37 Cr 15.6% | ₹32 Cr 17.9% | ₹39 Cr 95.0% | ₹20 Cr 81.8% | ₹11 Cr 175.0% | ₹4 Cr 0.0% | ₹4 Cr 100.0% | ₹2 Cr 81.8% | ₹11 Cr 8.3% | ₹12 Cr |
| Other Assets | ₹480 Cr 4.1% | ₹461 Cr 0.4% | ₹459 Cr 85.1% | ₹248 Cr 1.6% | ₹244 Cr 20.8% | ₹308 Cr 0.3% | ₹309 Cr 4.0% | ₹322 Cr 23.4% | ₹261 Cr 17.6% | ₹222 Cr |
| Total Assets | ₹724 Cr 4.3% | ₹694 Cr 1.9% | ₹681 Cr 73.3% | ₹393 Cr 4.8% | ₹375 Cr 14.2% | ₹437 Cr 1.9% | ₹429 Cr 0.2% | ₹428 Cr 13.2% | ₹378 Cr 12.8% | ₹335 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹137 Cr 136.2% | ₹58 Cr 123.1% | ₹26 Cr 67.1% | ₹79 Cr 464.3% | ₹14 Cr 78.1% | ₹64 Cr 273.0% | ₹-37 Cr | ₹0 Cr 100.0% | ₹23 Cr 2200.0% | ₹1 Cr |
| Investing CF | ₹-17 Cr 61.4% | ₹-44 Cr 780.0% | ₹-5 Cr 28.6% | ₹-7 Cr 68.2% | ₹-22 Cr 15.8% | ₹-19 Cr | ₹0 Cr 100.0% | ₹-12 Cr 200.0% | ₹-4 Cr 55.6% | ₹-9 Cr |
| Financing CF | ₹-94 Cr 394.7% | ₹-19 Cr 38.7% | ₹-31 Cr 49.2% | ₹-61 Cr 369.2% | ₹-13 Cr 60.6% | ₹-33 Cr 203.1% | ₹32 Cr 68.4% | ₹19 Cr 311.1% | ₹-9 Cr 0.0% | ₹-9 Cr |
| Net Cash Flow | ₹26 Cr 620.0% | ₹-5 Cr 50.0% | ₹-10 Cr 183.3% | ₹12 Cr 154.5% | ₹-22 Cr 300.0% | ₹11 Cr 375.0% | ₹-4 Cr 157.1% | ₹7 Cr 30.0% | ₹10 Cr 158.8% | ₹-17 Cr |
| Free Cash Flow | ₹98 Cr 512.5% | ₹16 Cr 42.9% | ₹28 Cr 60.6% | ₹71 Cr 987.5% | ₹-8 Cr 117.8% | ₹45 Cr 197.8% | ₹-46 Cr 187.5% | ₹-16 Cr 300.0% | ₹8 Cr 260.0% | ₹-5 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63d 3.3% | 61d 19.6% | 51d 40.7% | 86d 4.4% | 90d 50.0% | 60d 17.8% | 73d 15.9% | 63d 41.1% | 107d 37.2% | 78d |
| Inventory Days | 64d 16.9% | 77d 10.0% | 70d 0.0% | 70d 12.9% | 62d 19.2% | 52d 13.3% | 60d 7.1% | 56d 3.4% | 58d 1.7% | 59d |
| Days Payable | 63d 40.0% | 45d 25.0% | 60d 31.0% | 87d 20.8% | 72d 7.5% | 67d 20.2% | 84d 1.2% | 85d 22.0% | 109d 91.2% | 57d |
| Cash Conv. Cycle | 64d 31.2% | 93d 52.5% | 61d 11.6% | 69d 12.7% | 79d 75.6% | 45d 10.0% | 50d 47.1% | 34d 39.3% | 56d 30.9% | 81d |
| Working Capital Days | 58d 3.6% | 56d 3.7% | 54d 28.6% | 42d 25.0% | 56d 15.2% | 66d 18.5% | 81d 28.6% | 63d 6.0% | 67d 9.8% | 61d |
| ROCE | 20.0% | — | 20.0% 233.3% | 6.0% 50.0% | 12.0% 14.3% | 14.0% 27.3% | 11.0% 8.3% | 12.0% 29.4% | 17.0% 70.0% | 10.0% |
Source: Screener.in · Lower days = better efficiency
About Ador Welding Limited
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]
Capital GoodsIndustrial Products