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 28.7x vs industry 52.7x)
- ✓Virtually debt-free
- ✓Regular dividends — yield 1.7%
Concerns
- ✗Trading near 52-week high (₹1,407)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,568 | ₹3.0L Cr | 33 | 7.44 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹407 | ₹3.0L Cr | 49.4 | 12.41 | 27.6 | 36.5 | 0 |
| ABB ABB India Limited | ₹7,530 | ₹1.6L Cr | 104 | 20.35 | 22.4 | 29.9 | 0.01 |
| TMCV Tata Motors Limited | ₹412 +0.59% | ₹1.5L Cr | 38.6 | 10.71 | 34 | 35.9 | 0.44 |
| CUMMINSIND Cummins India Limited | ₹5,590 | ₹1.5L Cr | 62.3 | 18.27 | 30.2 | 39.5 | 0 |
| BHEL Bharat Heavy Electricals Limited | ₹417 | ₹1.5L Cr | 60.4 | 5.55 | 6.23 | 9.14 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹912 | ₹1.4L Cr | 118 | 18.02 | 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 news →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
Ador Welding publishes notice in newspaper
*Ador Welding publishes notice in newspaper.* The company has issued a copy of newspaper publication as part of a regulatory or corporate requirement. Such filings are typically routine and do not indicate operational changes. **No financial impact** is expected from this disclosure. 📊 *STOCKS:* ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
Ador Welding publishes statutory newspaper notice.
*Ador Welding publishes statutory newspaper notice.* This is a routine compliance filing with the stock exchange, typically related to annual general meeting announcements or board resolutions. Such notices are mandatory but carry no immediate financial implications. 📊 *STOCKS:* ADORWELD | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #statutory
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 Goods · Industrial Products