ADORWELD

Ador Welding Ltd.

NSE: ADOR

BSE: 517041

Sector: Capital Goods

Industry Group: Industrial Products

Industry: Other Industrial Products

1,295.30-49.7 (-3.70%)

23 Oct, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

93.7 / 100

Value Score

61.7 / 100

Price Momentum Score

79.9 / 100

QVM Score

97.2 / 100

Key Metrics

Market Cap

2254.21

P/E (TTM)

19.52

P/B

3.96

P/S (TTM)

1.79

EV/EBITDA

13.38

CAPE (5Y)

29.43

ROE (TTM)

21.74

ROCE (TTM)

25.83

ROA (TTM)

14.94

Avg 3Y ROE

15.89

Earnings 3Y CAGR

8.89

Sales 3Y CAGR

14.08

Sales 5Y CAGR

16.64

Debt/Equity

0.05

Consensus TP

1771.00

Strong Buy %

Promoter Holding

53.76

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Ador Welding Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 79.9 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

79.9 / 100

Analysts have been raising forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has increased by 6.33% in the last 3 months, indicating earnings momentum

What is Earnings upgrade (3M)?

High and improving ROE

The company reported strong ROE of 21.74% for 12-month ended 30 Sep 2026 and ROE improved by 1043 bps from 1 year ago

What is ROE (FY)?

Moderate operating margin but improving trend

The company reported moderate operating margin of 11.21% for 12-month ended 30 Sep 2026 but operating margin improved by 281 bps from 1 year ago

What is Operating profit margin?

Strong EPS growth and above median growth of market

The company delivered strong EPS growth of 111.2% for 12-month ended 30 Sep 2026 and the growth was 103.88 percentage points higher than median growth of market

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.05 as on 30 Sep 2026 and Debt to Equity increased marginally by 0.05 in the last 1 year

What is Debt to Equity?

Company's earnings are of high quality

Earnings quality score of 78.1 indicates that the company's earnings are of high quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

78.1 / 100

Consistently pays dividend

The company has not missed dividend payments once in the last 4 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Not enough talking points with negative stance

Neutral

Stock appears to be reasonably valued

PE TTM of 19.52 indicates that the stock is reasonably valued on a standalone basis. Discount to industry median P/E is modest at -3.46%

What is P/E Ratio?

Median: 20.22

Value 19.52

-64.11295.94

Moderate revenue growth and in line with median growth of market

The company delivered moderate revenue growth of 12.93% for 12-month ended 30 Sep 2026 and the growth was 0.55 percentage points higher than median growth of market

What is Sales growth (1Y)?

Median: 12.38

Value 12.93

-2151.922704870

Moderate dividend yield

The company has a moderate dividend yield of 1.78%

What is Dividend yield?

Financial Snapshot

See detailed analysis

Multi-year trends for Ador Welding Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Ador Welding Ltd. Shareholding Pattern

Quarterly breakdown of Ador Welding Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Total Promoter	56.75	56.75	56.75	56.85	56.89	56.90	56.90	56.90	56.90	56.90	56.90	56.90	56.90	56.90	56.90	56.90	56.90	56.94	56.94	53.24	53.70	53.70	53.72	53.73	53.76	53.76	53.65
Indian Promoter	56.39	56.39	56.39	56.48	56.53	56.54	56.54	56.54	56.54	56.54	56.54	56.54	56.54	56.54	56.54	56.54	56.54	56.58	56.69	53.04	53.51	53.51	53.53	53.54	53.56	53.56	53.45
Foreign Promoter	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.25	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20
Institutions	15.94	15.69	14.71	14.28	10.55	9.85	6.79	6.99	6.94	6.90	5.11	4.67	3.31	3.02	4.14	4.72	5.84	10.27	12.05	10.37	11.03	11.92	12.53	12.71	13.00	11.53	12.23
Mutual Funds / UTI	12.69	12.45	11.64	11.45	9.90	9.84	6.59	6.66	6.71	6.70	4.80	4.44	2.99	2.65	2.65	2.76	3.29	6.99	7.73	6.53	6.36	6.47	6.68	6.44	6.40	4.12	4.12
FI/Bank/Insurance	0.04	0.06	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.03	0.03	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.03	0.00	0.00	0.00	0.00	0.00	0.20	0.32	0.22	0.20	0.31	0.23	0.32	0.22	0.13	0.30	0.10	0.06	0.05	0.06	0.03	0.07	0.09	0.14	0.37	1.05	1.07
Other Institutions	3.18	3.18	3.06	2.82	0.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.14	1.37	1.67	2.45	3.22	4.27	3.78	4.64	5.38	5.73	6.09	6.20	6.35	7.04
Non-Institution	27.31	27.56	28.54	28.88	32.55	33.25	36.30	36.11	36.16	36.19	37.99	38.43	39.79	40.08	38.95	38.38	37.26	32.79	31.01	36.39	35.26	34.37	33.74	33.56	33.24	34.71	34.12
Bodies Corporate	3.45	3.20	2.95	2.48	2.13	2.93	4.00	2.97	2.63	2.59	2.68	2.77	3.03	3.08	3.01	2.86	2.57	2.70	1.88	1.74	1.26	1.20	1.11	1.11	1.14	1.34	2.58
Others (incl. Retail) No. of shareholders	23.86 12,730	24.36 14,005	25.59 15,628	26.40 15,154	30.42 14,333	30.32 13,448	32.30 14,423	33.14 14,462	33.53 14,395	33.60 14,577	35.31 17,285	35.66 18,070	36.76 19,139	37.00 23,014	35.94 27,838	35.52 30,044	34.69 32,366	30.09 29,067	29.13 30,462	34.65 41,230	34.00 40,465	33.17 38,673	32.63 37,767	32.45 36,180	32.10 35,383	33.37 35,080	31.54 33,839

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

Ador Welding Ltd. is not part of any tracked index.

Prominent Investor Holdings

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Ador Welding Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
LATE PRAVENA KRISHNA MATHUR Promoter	August-2026	Market Sale (Disposal) 3rd Aug 2026	0.12 %	₹ 1,440.51	19.23 k	₹ 2.77 cr
Deep Ashda Lalvani Promoter & Director	March-2026	Market Purchase (Acquisition) 9th Mar 2026	0.12 %	₹ 1,000.00	250.00	₹ 2.50 lac
Deep Ashda Lalvani Promoter & Director	March-2026	Market Purchase (Acquisition) 9th Mar 2026	0.12 %	₹ 1,050.00	68.00	₹ 71.40 k
Deep Ashda Lalvani Promoter & Director	March-2026	Market Purchase (Acquisition) 9th Mar 2026	0.12 %	₹ 1,145.00	490.00	₹ 5.61 lac
Deep Ashda Lalvani Promoter & Director	March-2026	Market Purchase (Acquisition) 9th Mar 2026	0.12 %	₹ 1,020.00	27.00	₹ 27.54 k
Deep Ashda Lalvani Promoter & Director	March-2026	Market Purchase (Acquisition) 9th Mar 2026	0.12 %	₹ 1,011.00	222.00	₹ 2.24 lac
Deep Ashda Lalvani Promoter & Director	March-2026	Market Purchase (Acquisition) 9th Mar 2026	0.12 %	₹ 1,024.32	111.00	₹ 1.14 lac
Deep Ashda Lalvani Promoter & Director	January-2026	Market Purchase (Acquisition) 21st Jan 2026	0.11 %	₹ 1,025.00	100.00	₹ 1.02 lac
Deep Ashda Lalvani Promoter & Director	January-2026	Market Purchase (Acquisition) 21st Jan 2026	0.11 %	₹ 1,001.02	1.10 k	₹ 11.02 lac
Deep Ashda Lalvani Promoter & Director	January-2026	Market Purchase (Acquisition) 2nd Jan 2026	0.10 %	₹ 1,052.28	2.05 k	₹ 21.57 lac

…

Corporate Actions

History of Ador Welding Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 7.50/share
Record date: 30th Oct 2026Ex-date: 30th Oct 2026
Announced on: 21st Oct 2026
Dividend₹ 23/share
Record date: 16th Jul 2026Ex-date: 16th Jul 2026
Announced on: 29th Apr 2026
Dividend₹ 20/share
Record date: 8th Jul 2025Ex-date: 8th Jul 2025
Announced on: 6th May 2025
Dividend₹ 18.50/share
Record date: 15th May 2024Ex-date: 15th May 2024
Announced on: 30th Apr 2024
Dividend₹ 17.50/share
Record date: 2nd Aug 2023Ex-date: 2nd Aug 2023
Announced on: 30th May 2023

Company Profile

Overview of Ador Welding Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Ador Welding Limited is an India-based welding company. The Company is engaged in manufacturing in the field of welding products, technologies, and services. The Company is also engaged in providing customized solutions for multidisciplinary projects and contracts related to refineries, oil and gas,...

Key personnel

Mr. Krishnamurthy Suryanarayan

Chief Financial Officer

Mr. Vineet H. Bansal

Sales Head - Domestic Welding

Mr. Rakesh R. Choudhary

Head - WAPS SBU

Mr. Sachin H. Dobhada

Head - TDC and Equipment Quality

Ms. Pradnya Nitin Iyer

Head - HR

Mr. Sanjay Jain

Head - Consumables Quality

Mr. S. Ajay Kumar

Head - International Business

Mr. Kiran Mane

Product Head Flares & Process Equipment

View all

Incorporated on

22 Oct 1951

Last Annual

31 Mar 2026

Last Interim

30 Sep 2026

No. of Employees

839

IPO date

05 Dec 1994

Free Float

72,44,456

Website

https://www.adorwelding.com/

Phone no.

+912222842525

Address

Ador House, 6, K. Dubash Marg, Fort, MUMBAI, 400001, India

Frequently Asked Questions

What is the current share price of Ador Welding Ltd.?

The current share price of Ador Welding Ltd. is ₹ 1,295.30 as of 23 Oct 2026.

What is the market capitalisation of Ador Welding Ltd.?

The market capitalisation of Ador Welding Ltd. stands at ₹ 2,254.21 Cr.

What is the PE ratio of Ador Welding Ltd.?

The Price-to-Earnings (PE) ratio of Ador Welding Ltd. is 19.52 as of the latest trailing twelve months data.

What is the ROE and ROCE of Ador Welding Ltd.?

Ador Welding Ltd. has a Return on Equity (ROE) of 21.74% and a Return on Capital Employed (ROCE) of 25.83% as per the latest financial reports.

What is the 52-week high and low of Ador Welding Ltd.?

The 52-week high of Ador Welding Ltd. is - and the 52-week low is -.

What is the dividend yield of Ador Welding Ltd.?

The dividend yield of Ador Welding Ltd. is 1.78% based on the current market price.

What is the FII and DII holding in Ador Welding Ltd.?

Foreign Institutional Investors (FII) hold 1.05%, Domestic Institutional Investors (DII) hold 4.12% and retail/public investors hold 33.37% of Ador Welding Ltd. shares.

What sector does Ador Welding Ltd. belong to?

Ador Welding Ltd. operates in the Capital Goods sector.

What is the beta of Ador Welding Ltd.?

The beta of Ador Welding Ltd. is 0.98, indicating its price volatility relative to the broader market. Over the past 1 year, Ador Welding Ltd. has delivered an absolute return of 8.63%.

What is the RSI of Ador Welding Ltd.?

The 14-day Relative Strength Index (RSI) of Ador Welding Ltd. is 26.24, placing it in the oversold zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Ador Welding Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Ador Welding Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Holdings and Presence

Company Profile

Corporate Actions

Stock Analysis