Ador Welding Ltd. · CashKonnect

About

Ador Welding Limited manufactures and supplies welding equipment, consumables, and automation solutions in India and internationally. The company operates through three segments: Products; Services; and Maintenance & Reclamation. It provides welding electrodes, including C-Mn steel, low alloy and stainless steel, cellulosic, hardfacing, gouging and cutting, cast iron, and nickel and nickel alloys; and wires and fluxes products comprising submerged arc welding fluxes and wires, and flux cored arc welding products, as well as metal cored arc wire, gas metal arc welding (GMAW), and gas tungsten arc welding (GTAW) products; and brazing rods and fluxes. The company also offers welding equipment, such as MMA, TIG, MIG equipment, air plasma cutting, submerged arc welding, advanced multipurpose synergic, and TIG add on units; gas cutting products, gas cutting-welding accessories, flares and process equipment, and personal protective equipment; and CNC cutting machines. In addition, it engages in the design, manufacture, erection, commissioning, mechanical, electrical, and instrumentation of process packages, process equipment, and flare system and components, as well as undertaking various EPC contracts. Further, the company provides welding and cutting automation products, such as robotic systems, columns, booms, positioners, rotators, and special purpose machines; and skill development services. It serves manufacturing and fabrication, infrastructure and construction, oil and gas, power generation including thermal, hydro, and renewable energy, shipbuilding and marine, automotive and transportation, railways and heavy engineering, defense and aerospace industries. The company was formerly known as Advani-Oerlikon Ltd. The company was incorporated in 1951 and is headquartered in Mumbai, India. Ador Welding Limited is a subsidiary of J. B. Advani & Company Private Limited.

Key Metrics

as of Sep 2026

Market Cap2,914 Cr

P/E25.20

Div Yield1.37 %

Book Value₹319.00

52w High₹1,766.00

52w Low₹848.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Dec 2022
Sales	309.00	319.00	288.00	281.00	252.00	310.00	274.00	269.00	269.00	297.00	261.00	277.00	199.00
Expenses	274.00	272.00	244.00	246.00	256.00	279.00	251.00	249.00	242.00	265.00	235.00	242.00	174.00
Operating Profit	36.00	47.00	44.00	35.00	-4.00	31.00	23.00	20.00	27.00	32.00	27.00	36.00	24.00
OPM %	12.00	15.00	15.00	12.00	-1.80	10.00	8.00	7.00	10.00	11.00	10.00	13.00	12.00
Other Income	7.00	9.00	-2.00	4.00	5.00	4.00	4.00	-5.00	5.00	7.00	5.00	4.00	2.00
Depreciation	5.00	5.00	5.00	5.00	5.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	3.00
Interest	1.00	0.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Profit before tax	37.00	50.00	36.00	34.00	-5.00	29.00	21.00	9.00	27.00	34.00	26.00	35.00	22.00
Tax %	25.00	32.00	26.00	26.00	-22.00	38.00	28.00	28.00	26.00	24.00	29.00	26.00	26.00
Net Profit	28.00	34.00	27.00	25.00	-4.00	18.00	15.00	7.00	20.00	25.00	19.00	26.00	16.00
EPS in Rs	15.86	19.65	15.35	14.37	-2.27	10.39	8.85	4.93	14.60	18.66	13.76	19.08	12.03

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Sales	1,140.00	1,123.00	1,074.00	661.00	448.00	526.00	513.00	458.00	442.00	408.00	388.00	371.00
Expenses	1,017.00	1,019.00	955.00	601.00	425.00	484.00	468.00	423.00	411.00	366.00	360.00	344.00
Operating Profit	123.00	104.00	119.00	61.00	22.00	42.00	46.00	35.00	31.00	42.00	28.00	27.00
OPM %	11.00	9.00	11.00	9.00	5.00	8.00	9.00	8.00	7.00	10.00	7.00	7.00
Other Income	15.00	7.00	19.00	14.00	-17.00	9.00	10.00	10.00	9.00	3.00	34.00	-8.00
Interest	4.00	6.00	6.00	6.00	8.00	10.00	11.00	6.00	2.00	2.00	1.00	2.00
Depreciation	19.00	18.00	16.00	11.00	11.00	11.00	10.00	10.00	11.00	12.00	13.00	12.00
Profit before tax	115.00	87.00	117.00	58.00	-14.00	31.00	36.00	28.00	27.00	32.00	48.00	4.00
Tax %	29.00	31.00	26.00	22.00	-26.00	14.00	31.00	34.00	34.00	29.00	33.00	216.00
Net Profit	82.00	60.00	86.00	45.00	-10.00	26.00	25.00	18.00	18.00	22.00	32.00	-5.00
EPS in Rs	47.11	34.51	63.58	33.21	-7.63	19.21	18.05	13.54	13.13	16.47	23.43	-3.76
Dividend Payout %	49.00	58.00	39.00	38.00	0.00	34.00	36.00	37.00	38.00	30.00	21.00	-133.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Equity Capital	17.00	17.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00
Reserves	537.00	490.00	459.00	268.00	224.00	234.00	248.00	231.00	221.00	203.00	189.00	155.00
Borrowings	3.00	2.00	45.00	2.00	29.00	82.00	65.00	81.00	36.00	0.00	0.00	19.00
Other Liabilities	274.00	184.00	163.00	109.00	108.00	108.00	103.00	102.00	107.00	118.00	82.00	93.00
Total Liabilities	832.00	694.00	681.00	393.00	375.00	437.00	429.00	428.00	378.00	335.00	285.00	280.00
Fixed Assets	204.00	197.00	157.00	117.00	117.00	125.00	116.00	103.00	102.00	100.00	97.00	77.00
CWIP	3.00	4.00	25.00	7.00	3.00	0.00	1.00	1.00	4.00	1.00	2.00	2.00
Investments	47.00	32.00	39.00	20.00	11.00	4.00	4.00	2.00	11.00	12.00	6.00	14.00
Other Assets	577.00	461.00	459.00	248.00	244.00	308.00	309.00	322.00	261.00	222.00	179.00	188.00
Total Assets	832.00	694.00	681.00	393.00	375.00	437.00	429.00	428.00	378.00	335.00	285.00	280.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Cash from Operating Activity	116.00	137.00	58.00	26.00	79.00	14.00	64.00	-37.00	0.00	23.00	1.00	21.00
Cash from Investing Activity	-66.00	-17.00	-44.00	-5.00	-7.00	-22.00	-19.00	0.00	-12.00	-4.00	-9.00	-1.00
Cash from Financing Activity	-38.00	-94.00	-19.00	-31.00	-61.00	-13.00	-33.00	32.00	19.00	-9.00	-9.00	-3.00
Net Cash Flow	12.00	26.00	-5.00	-10.00	12.00	-22.00	11.00	-4.00	7.00	10.00	-17.00	17.00
Free Cash Flow	94.00	98.00	16.00	28.00	71.00	-8.00	45.00	-46.00	-16.00	8.00	-5.00	8.00
CFO/OP %	122.00	155.00	77.00	67.00	346.00	57.00	162.00	-77.00	33.00	81.00	23.00	111.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Debtor Days	74.00	63.00	61.00	51.00	86.00	90.00	60.00	73.00	63.00	107.00	78.00	77.00
Inventory Days	78.00	64.00	77.00	70.00	70.00	62.00	52.00	60.00	56.00	58.00	59.00	77.00
Days Payable	100.00	63.00	45.00	60.00	87.00	72.00	67.00	84.00	85.00	109.00	57.00	81.00
Cash Conversion Cycle	53.00	64.00	93.00	61.00	69.00	79.00	45.00	50.00	34.00	56.00	81.00	72.00
Working Capital Days	53.00	58.00	56.00	54.00	42.00	56.00	66.00	81.00	63.00	67.00	61.00	40.00
ROCE %	23.00	20.00	—	20.00	6.00	12.00	14.00	11.00	12.00	17.00	10.00	10.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	53.76	53.76	53.74	53.73	53.71	53.71	53.24	56.94	56.94	56.90	56.90	56.90
FIIs	1.05	0.37	0.14	0.09	0.07	0.03	0.06	0.05	0.06	0.10	0.30	0.13
DIIs	10.47	12.63	12.56	12.44	11.85	11.00	10.31	12.00	10.21	5.74	4.43	4.02
Public	34.72	33.26	33.57	33.76	34.37	35.27	36.39	31.02	32.78	37.25	38.38	38.96
No. of Shareholders	35,275	35,567	36,356	37,949	38,889	40,702	41,468	30,665	29,283	32,575	30,274	28,059

Corporate Actions

23 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Dividend	16 Jul 2026	16 Jul 2026	—	23.00
Dividend	08 Jul 2025	08 Jul 2025	—	20.00
Dividend	15 May 2024	15 May 2024	—	18.50
Dividend	02 Aug 2023	—	—	17.50
Dividend	19 Jul 2022	—	—	12.50
Dividend	27 Feb 2020	28 Feb 2020	—	6.50
Dividend	18 Jul 2019	—	—	6.50
Dividend	02 Aug 2018	—	—	5.00
Dividend	23 Aug 2017	—	—	5.00
Dividend	21 Jul 2016	—	—	5.00
Dividend	22 Jul 2015	—	—	5.00
Dividend	18 Jul 2014	—	—	5.00
Other	18 Jul 2014	—	—	—	Dividend @ Rs.5/- Per Share
Dividend	16 Jul 2013	—	—	6.00
Dividend	12 Jul 2012	—	—	6.00
Dividend	14 Jul 2011	—	—	6.00
Dividend	21 Jul 2010	—	—	6.00
Dividend	16 Jul 2009	—	—	4.00
Dividend	17 Jul 2008	—	—	8.00
Dividend	12 Jul 2007	—	—	12.00
Other	08 Jun 2006	—	—	—	Div Fin-50% + Spl-50%
Other	09 Jun 2005	—	—	—	Div Fin-30% + Spl-50%
Dividend	23 Jul 2001	—	—	2.00

Announcements

5 filings

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 Aug 2026 27 Aug - Ador Welding schedules analyst/investor group meetings on 2 September 2026 in Mumbai.
Intimation To The Holders Of Physical Shares To Furnish KYC Details
27 Aug 2026 27 Aug - Reminder to update KYC details and convert physical shares to demat.
Announcement under Regulation 30 (LODR)-Change in Management
13 Aug 2026 13 Aug - Vinayak M. Bhide redesignated Chief Compliance Officer and Company Secretary; Pradnya Nitin Iyer appointed Head-HR, effective 13 August 2026.
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Aug
07 Aug 2026
Announcement under Regulation 30 (LODR)-Change in Management
30 Jul 2026 30 Jul - Surya Kant Sethia resigns as CFO effective 14 Aug 2026; Krishnamurthy Suryanarayan appointed CFO from 15 Aug 2026.