WEBSITE BSE:517041 NSE: ADOR Inc. Year: 1951 Industry: Electrodes & Welding Equipment My Bucket: Add Stock
Last updated: 15:58
Ador Welding Ltd, previously Advani-Oerlikon Ltd, is engaged in the manufacture of manual steel arc welding/brazing electrodes, continuous welding electrodes, arc welding/braze welding fluxes, and welding and cutting system and add-ons. The Company operates via segments: Consumables, and Equipment and Project Engineering Business. The Consumables section includes services and products related to electrodes, wires, business enterprise items related to consumables from Silvassa, Raipur and Chennai Plant. The Equipment and Project Engineering Bus...Read More
Ador Welding Ltd, previously Advani-Oerlikon Ltd, is engaged in the manufacture of manual steel arc welding/brazing electrodes, continuous welding electrodes, arc welding/braze welding fluxes, and welding and cutting system and add-ons. The Company operates via segments: Consumables, and Equipment and Project Engineering Business. The Consumables section includes services and products related to electrodes, wires, business enterprise items related to consumables from Silvassa, Raipur and Chennai Plant. The Equipment and Project Engineering Business includes gadget, spares, cutting merchandise and organisation gadgets related to equipment and cutting products; design, engineering, procurement and commissioning of flares, incinerators, furnaces from Chinchwad Plant, and sale of products and services with regards to Ador Welding Academy Pvt Ltd. Its products include CHAMP T400, CHAMPTIG 300P, CHAMPMIG 400, CHAMPMULTI 400, CHAMPCUT 100, CHAMPTIG 400P and CHAMPPULSE 500. ...Read Less
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Market Cap ₹1707 Cr.
Stock P/E 28.4
P/B 3.3
Current Price ₹980.9
Book Value ₹ 298.4
Face Value 10
52W High ₹1258.9
Dividend Yield 2.04%
52W Low ₹ 819
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 277 | 261 | 297 | 269 | 269 | 274 | 310 | 252 | 281 | 288 |
| Other Income | 4 | 5 | 7 | 5 | 5 | 4 | 5 | 5 | 4 | 12 |
| Total Income | 281 | 266 | 304 | 275 | 274 | 278 | 315 | 257 | 285 | 300 |
| Total Expenditure | 242 | 235 | 265 | 242 | 249 | 251 | 279 | 256 | 246 | 253 |
| Operating Profit | 40 | 31 | 39 | 32 | 25 | 27 | 36 | 1 | 39 | 47 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | -10 | 0 | -1 | 0 | 0 | -6 |
| Profit Before Tax | 35 | 26 | 34 | 27 | 9 | 21 | 29 | -5 | 34 | 36 |
| Provision for Tax | 9 | 8 | 8 | 7 | 3 | 6 | 11 | -1 | 9 | 9 |
| Profit After Tax | 26 | 19 | 25 | 20 | 7 | 15 | 18 | -4 | 25 | 27 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 26 | 19 | 25 | 20 | 7 | 15 | 18 | -4 | 25 | 27 |
| Adjusted Earnings Per Share | 19.1 | 13.8 | 18.7 | 14.6 | 4.9 | 8.9 | 10.4 | -2.3 | 14.4 | 15.4 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 371 | 388 | 408 | 442 | 458 | 513 | 526 | 448 | 661 | 1074 | 1123 | 1131 |
| Other Income | 5 | 5 | 5 | 9 | 10 | 10 | 9 | 7 | 5 | 19 | 19 | 26 |
| Total Income | 376 | 393 | 414 | 452 | 468 | 524 | 535 | 455 | 667 | 1093 | 1141 | 1157 |
| Total Expenditure | 345 | 360 | 367 | 411 | 423 | 468 | 484 | 426 | 601 | 955 | 1019 | 1034 |
| Operating Profit | 32 | 33 | 47 | 40 | 44 | 56 | 51 | 29 | 66 | 138 | 122 | 123 |
| Interest | 2 | 1 | 2 | 2 | 6 | 11 | 10 | 8 | 6 | 6 | 6 | 3 |
| Depreciation | 12 | 13 | 12 | 11 | 10 | 10 | 11 | 11 | 11 | 16 | 18 | 20 |
| Exceptional Income / Expenses | -13 | 28 | -2 | 0 | 0 | 0 | 0 | -24 | 9 | 0 | -11 | -7 |
| Profit Before Tax | 4 | 48 | 32 | 27 | 28 | 36 | 31 | -14 | 58 | 117 | 87 | 94 |
| Provision for Tax | 10 | 16 | 9 | 9 | 10 | 11 | 4 | -4 | 13 | 31 | 27 | 28 |
| Profit After Tax | -5 | 32 | 22 | 18 | 18 | 25 | 26 | -10 | 45 | 86 | 60 | 66 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -5 | 32 | 22 | 18 | 18 | 25 | 26 | -10 | 45 | 86 | 60 | 66 |
| Adjusted Earnings Per Share | -3.8 | 23.4 | 16.5 | 13.1 | 13.5 | 18 | 19.2 | -7.6 | 33.2 | 63.6 | 34.5 | 37.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 5% | 36% | 17% | 12% |
| Operating Profit CAGR | -12% | 61% | 17% | 14% |
| PAT CAGR | -30% | 0% | 19% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 8% | -3% | 22% | 13% |
| ROE Average | 12% | 18% | 12% | 10% |
| ROCE Average | 18% | 24% | 17% | 15% |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 168 | 203 | 217 | 235 | 245 | 261 | 247 | 238 | 282 | 473 | 507 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Other Non-Current Liabilities | 27 | 10 | 44 | 47 | 46 | 49 | 30 | 35 | 34 | 112 | 134 |
| Total Current Liabilities | 109 | 79 | 109 | 133 | 172 | 156 | 180 | 147 | 119 | 195 | 174 |
| Total Liabilities | 314 | 292 | 370 | 415 | 463 | 467 | 457 | 419 | 435 | 781 | 816 |
| Fixed Assets | 77 | 97 | 100 | 94 | 95 | 108 | 118 | 117 | 117 | 146 | 186 |
| Other Non-Current Assets | 53 | 26 | 61 | 79 | 75 | 79 | 68 | 74 | 73 | 192 | 186 |
| Total Current Assets | 184 | 169 | 209 | 242 | 294 | 280 | 271 | 227 | 245 | 443 | 444 |
| Total Assets | 314 | 292 | 370 | 415 | 463 | 467 | 457 | 419 | 435 | 781 | 816 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 20 | 3 | 13 | 20 | 16 | 27 | 5 | 17 | 9 | 4 |
| Cash Flow from Operating Activities | 21 | 1 | 23 | 0 | -37 | 64 | 14 | 79 | 26 | 58 | 137 |
| Cash Flow from Investing Activities | 2 | -9 | -4 | -12 | 0 | -19 | -22 | -7 | -5 | -44 | -17 |
| Cash Flow from Financing Activities | -3 | -9 | -9 | 19 | 32 | -33 | -13 | -61 | -31 | -19 | -94 |
| Net Cash Inflow / Outflow | 20 | -17 | 10 | 7 | -4 | 11 | -22 | 12 | -10 | -5 | 26 |
| Closing Cash & Cash Equivalent | 20 | 3 | 13 | 20 | 16 | 27 | 5 | 17 | 7 | 4 | 30 |
| # | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -3.76 | 23.43 | 16.46 | 13.13 | 13.54 | 18.04 | 19.21 | -7.63 | 33.21 | 63.57 | 34.51 |
| CEPS(Rs) | 5.27 | 32.65 | 25.13 | 21.47 | 21.01 | 25.16 | 27.11 | 0.58 | 41.22 | 75.21 | 44.98 |
| DPS(Rs) | 5 | 5 | 5 | 5 | 5 | 6.5 | 6.5 | 0 | 12.5 | 18.5 | 20 |
| Book NAV/Share(Rs) | 123.87 | 148.9 | 159.35 | 172.69 | 180.16 | 192.21 | 181.91 | 174.66 | 207.42 | 345.01 | 291.43 |
| Core EBITDA Margin(%) | 6.54 | 6.53 | 9.23 | 6.46 | 7.5 | 8.85 | 8.03 | 4.88 | 9.14 | 11.06 | 9.2 |
| EBIT Margin(%) | 1.59 | 11.47 | 7.35 | 6.01 | 7.38 | 8.98 | 7.71 | -1.32 | 9.68 | 11.39 | 8.24 |
| Pre Tax Margin(%) | 1.08 | 11.21 | 7 | 5.58 | 6.04 | 6.92 | 5.8 | -3.14 | 8.8 | 10.88 | 7.69 |
| PAT Margin (%) | -1.25 | 7.47 | 4.96 | 3.71 | 3.96 | 4.78 | 4.96 | -2.32 | 6.83 | 8.03 | 5.34 |
| Cash Profit Margin (%) | 1.75 | 10.41 | 7.58 | 6.06 | 6.14 | 6.67 | 7 | 0.18 | 8.47 | 9.5 | 6.96 |
| ROA(%) | -1.69 | 10.51 | 6.76 | 4.55 | 4.19 | 5.28 | 5.65 | -2.37 | 10.57 | 14.21 | 7.52 |
| ROE(%) | -2.91 | 17.18 | 10.68 | 7.91 | 7.67 | 9.69 | 10.27 | -4.28 | 17.38 | 23.02 | 12.3 |
| ROCE(%) | 3.42 | 25.09 | 15.8 | 11.89 | 11.5 | 14.12 | 12.37 | -1.98 | 23.35 | 30.71 | 18.11 |
| Receivable days | 67.34 | 69.12 | 82.15 | 74.4 | 66.12 | 62.81 | 74.33 | 95.89 | 54.79 | 46.33 | 60.45 |
| Inventory Days | 42.92 | 40.48 | 34.8 | 34.37 | 39.85 | 37.49 | 39.46 | 50.82 | 42.05 | 39.87 | 44.1 |
| Payable days | 71.68 | 65.69 | 80.7 | 88.33 | 82.52 | 71.49 | 69.27 | 84.59 | 60.11 | 43.07 | 52.74 |
| PER(x) | 0 | 9.48 | 17.39 | 23.52 | 27.68 | 19.25 | 9.44 | 0 | 18.63 | 21.56 | 24.26 |
| Price/Book(x) | 1.17 | 1.49 | 1.8 | 1.79 | 2.08 | 1.81 | 1 | 1.72 | 2.98 | 3.97 | 2.87 |
| Dividend Yield(%) | 3.46 | 2.25 | 1.75 | 1.62 | 1.33 | 1.87 | 3.59 | 0 | 2.02 | 1.35 | 2.39 |
| EV/Net Sales(x) | 0.52 | 0.73 | 0.92 | 0.98 | 1.25 | 0.99 | 0.61 | 0.93 | 1.26 | 1.73 | 1.24 |
| EV/Core EBITDA(x) | 6.09 | 8.49 | 8 | 10.76 | 12.89 | 9.13 | 6.27 | 14.3 | 12.65 | 13.43 | 11.37 |
| Net Sales Growth(%) | 1.73 | 4.43 | 5.32 | 8.34 | 3.61 | 11.99 | 2.55 | -14.95 | 47.76 | 62.31 | 4.57 |
| EBIT Growth(%) | -74.48 | 654.08 | -32.2 | -12.69 | 18.47 | 34.29 | -11.98 | -114.54 | 1184.92 | 91.61 | -24.36 |
| PAT Growth(%) | -130.27 | 723.48 | -29.72 | -20.28 | 3.14 | 33.3 | 6.44 | -139.74 | 535.07 | 91.45 | -30.55 |
| EPS Growth(%) | -130.27 | 723.48 | -29.72 | -20.28 | 3.14 | 33.3 | 6.44 | -139.74 | 535.06 | 91.45 | -45.71 |
| Debt/Equity(x) | 0.11 | 0 | 0 | 0.15 | 0.33 | 0.25 | 0.33 | 0.12 | 0 | 0.09 | 0 |
| Current Ratio(x) | 1.68 | 2.13 | 1.91 | 1.82 | 1.7 | 1.8 | 1.5 | 1.55 | 2.06 | 2.27 | 2.56 |
| Quick Ratio(x) | 1.21 | 1.58 | 1.52 | 1.46 | 1.39 | 1.47 | 1.16 | 1.12 | 1.3 | 1.52 | 1.83 |
| Interest Cover(x) | 3.11 | 42.93 | 20.87 | 13.93 | 5.52 | 4.36 | 4.04 | -0.72 | 11.04 | 22.14 | 14.99 |
| Total Debt/Mcap(x) | 0.09 | 0 | 0 | 0.08 | 0.16 | 0.14 | 0.33 | 0.07 | 0 | 0.02 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 56.9 | 56.9 | 56.94 | 56.94 | 53.24 | 53.7 | 53.7 | 53.72 | 53.73 | 53.76 |
| FII | 0.29 | 0.1 | 0.05 | 0.04 | 0.06 | 0.03 | 0.07 | 0.09 | 0.14 | 0.37 |
| DII | 4.43 | 5.74 | 10.22 | 12 | 10.31 | 11 | 11.85 | 12.44 | 12.57 | 12.63 |
| Public | 38.38 | 37.26 | 32.79 | 31.01 | 36.39 | 35.26 | 34.37 | 33.74 | 33.56 | 33.24 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.77 | 0.77 | 0.77 | 0.77 | 0.93 | 0.93 | 0.93 | 0.93 | 0.94 | 0.94 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| DII | 0.06 | 0.08 | 0.14 | 0.16 | 0.18 | 0.19 | 0.21 | 0.22 | 0.22 | 0.22 |
| Public | 0.52 | 0.51 | 0.45 | 0.42 | 0.63 | 0.61 | 0.6 | 0.59 | 0.58 | 0.58 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.36 | 1.36 | 1.36 | 1.36 | 1.74 | 1.74 | 1.74 | 1.74 | 1.74 | 1.74 |
* The pros and cons are machine generated.
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