Ador Welding Ltd
Ador Welding Ltd (ADOR) last reported results for the quarter ended Jun 2026, with sales of ₹309 crore and net profit of ₹28 crore. The stock last traded at ₹1,480, a market capitalisation of ₹2,573 crore, on a P/E of 22.2. Over the past 52 weeks the stock has ranged between ₹848 and ₹1,766. Figures are as of 9 Oct 2026 and are not real time.
Ador Welding Ltd share price and key metrics
- Current price
- ₹1,480
- Market cap
- ₹2,573 cr
- Stock P/E
- 22.2
- Book value
- ₹319
- ROE
- 15.8%
- ROCE
- 22.8%
- Dividend yield
- 1.55%
- 52w high / low
- 1766/848
Metrics as of 9 Oct 2026. Not real time.
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Ador Welding Ltd growth and returns
- 10 Years
- 11%
- 5 Years
- 21%
- 3 Years
- %
- TTM
- 8%
- 10 Years
- 13%
- 5 Years
- 40%
- 3 Years
- %
- TTM
- 168%
- 10 Years
- 19%
- 5 Years
- 16%
- 3 Years
- 10%
- 1 Year
- 46%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 16%
- Last Year
- 16%
Ador Welding Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹309 cr, up 22.6% from ₹252 cr a year earlier. Net profit turned positive at ₹28 cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 269 | 274 | 310 | 252 | 281 | 288 | 319 | 309 |
| Expenses | 249 | 251 | 279 | 256 | 246 | 244 | 272 | 274 |
| Operating profit | 20 | 23 | 31 | -4 | 35 | 44 | 47 | 36 |
| OPM % | 7% | 8% | 10% | -1.8% | 12% | 15% | 15% | 12% |
| Other income | -5 | 4 | 4 | 5 | 4 | -2 | 9 | 7 |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 |
| Depreciation | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 9 | 21 | 29 | -5 | 34 | 36 | 50 | 37 |
| Tax % | 28% | 28% | 38% | -22% | 26% | 26% | 32% | 25% |
| Net profit | 7 | 15 | 18 | -4 | 25 | 27 | 34 | 28 |
| EPS (₹) | 4.93 | 8.85 | 10.39 | -2.27 | 14.37 | 15.35 | 19.65 | 15.86 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Ador Welding Ltd annual results
| ₹ crore | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 408 | 442 | 458 | 513 | 526 | 448 | 661 | 1,074 | 1,123 | 1,140 | 1,198 |
| Operating profit | 42 | 31 | 35 | 46 | 42 | 22 | 61 | 119 | 104 | 123 | 161 |
| OPM % | 10% | 7% | 8% | 9% | 8% | 5% | 9% | 11% | 9% | 11% | 13% |
| Net profit | 22 | 18 | 18 | 25 | 26 | -10 | 45 | 86 | 60 | 82 | 114 |
| EPS (₹) | 16.47 | 13.13 | 13.54 | 18.05 | 19.21 | -7.63 | 33.21 | 63.58 | 34.51 | 47.11 | 65.23 |
TTM is the trailing twelve months to the most recent quarter.
Ador Welding Ltd balance sheet
| ₹ crore | 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 | 17 | 17 |
| Reserves | 203 | 221 | 231 | 248 | 234 | 224 | 268 | 459 | 490 | 537 |
| Borrowings | 0 | 36 | 81 | 65 | 82 | 29 | 2 | 45 | 2 | 3 |
| Other liabilities | 118 | 107 | 102 | 103 | 108 | 108 | 109 | 163 | 184 | 274 |
| Total liabilities | 335 | 378 | 428 | 429 | 437 | 375 | 393 | 681 | 694 | 832 |
| Fixed assets | 100 | 102 | 103 | 116 | 125 | 117 | 117 | 157 | 197 | 204 |
| CWIP | 1 | 4 | 1 | 1 | 0 | 3 | 7 | 25 | 4 | 3 |
| Investments | 12 | 11 | 2 | 4 | 4 | 11 | 20 | 39 | 32 | 47 |
| Other assets | 222 | 261 | 322 | 309 | 308 | 244 | 248 | 459 | 461 | 577 |
| Total assets | 335 | 378 | 428 | 429 | 437 | 375 | 393 | 681 | 694 | 832 |
As reported by the company. Total assets equal total liabilities by construction.
Ador Welding Ltd cash flow
| ₹ crore | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 23 | 0 | -37 | 64 | 14 | 79 | 26 | 58 | 137 | 116 |
| Cash from investing | -4 | -12 | 0 | -19 | -22 | -7 | -5 | -44 | -17 | -66 |
| Cash from financing | -9 | 19 | 32 | -33 | -13 | -61 | -31 | -19 | -94 | -38 |
| Net cash flow | 10 | 7 | -4 | 11 | -22 | 12 | -10 | -5 | 26 | 12 |
| Free cash flow | 8 | -16 | -46 | 45 | -8 | 71 | 28 | 16 | 98 | 94 |
| CFO / operating profit | 81% | 33% | -77% | 162% | 57% | 346% | 67% | 77% | 155% | 122% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Ador Welding Ltd operating ratios
| Per year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 17% | 12% | 11% | 14% | 12% | 6% | 20% | — | 20% | 23% |
| Debtor days | 107 | 63 | 73 | 60 | 90 | 86 | 51 | 61 | 63 | 74 |
| Inventory days | 58 | 56 | 60 | 52 | 62 | 70 | 70 | 77 | 64 | 78 |
| Days payable | 109 | 85 | 84 | 67 | 72 | 87 | 60 | 45 | 63 | 100 |
| Cash conversion cycle | 56 | 34 | 50 | 45 | 79 | 69 | 61 | 93 | 64 | 53 |
| Working capital days | 67 | 63 | 81 | 66 | 56 | 42 | 54 | 56 | 58 | 53 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Ador Welding Ltd shareholding pattern
Promoters held 53.76% at Jun 2026, broadly unchanged since Jun 2025. FIIs 1.05% and DIIs 10.47%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 56.94% | 53.24% | 53.71% | 53.71% | 53.73% | 53.74% | 53.76% | 53.76% |
| FIIs | 0.05% | 0.06% | 0.03% | 0.07% | 0.09% | 0.14% | 0.37% | 1.05% |
| DIIs | 12.00% | 10.31% | 11.00% | 11.85% | 12.44% | 12.56% | 12.63% | 10.47% |
| Public | 31.02% | 36.39% | 35.27% | 34.37% | 33.76% | 33.57% | 33.26% | 34.72% |
| No. of shareholders | 30,665 | 41,468 | 40,702 | 38,889 | 37,949 | 36,356 | 35,567 | 35,275 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Ador Welding Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Intimation of closure of Trading Window of the CompanyInsider Trading / SASTlow impact
- Ador Welding Ltd approves vesting of 6,625 stock options under ESOP 2025Company Updatelow impact
Cruxal's analysis: The Compensation Committee of Ador Welding Ltd has approved the vesting of 6,625 stock…
Read the full analysis - Ador Welding Ltd schedules analyst and investor meetingCompany Updatelow impact
Cruxal's analysis: Ador Welding Ltd has issued an intimation regarding a scheduled analyst and investor…
Read the full analysis - Ador Welding Ltd issues mandatory KYC intimation for physical shareholdersCompany Updatelow impact
Cruxal's analysis: Ador Welding Ltd has issued a formal notification to shareholders holding shares in…
Read the full analysis - Ador Welding Limited announces senior management restructuring with new Head of HR appointmentCompany Updatelow impact
Cruxal's analysis: Ador Welding Limited has announced an internal restructuring of its senior management…
Read the full analysis - Ador Welding Ltd publishes routine newspaper advertisement regarding corporate disclosuresCompany Updatelow impact
Cruxal's analysis: Ador Welding Ltd has fulfilled statutory requirements under Regulation 30 of the SEBI…
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