Subscribe

Ador Welding Limited (ADOR.NS)

INR1,362.30 +46.20 (+3.51%)
IN NSE Industrials Industrial - Machinery
Address Ador House 400001
Mumbai, IN
CEO Aditya Tarachand Malkani
IPO 2004-09-27
ISIN INE045A01017

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ADOR.BO (INR) National Stock Exchange of India · ADOR.NS (INR) National Stock Exchange of India · ADORWELD.NS (INR)
Description

Ador Welding Limited, an Indian enterprise established in 1951, specializes in the production and global distribution of diverse welding equipment, consumables, and advanced automation solutions. Operating through three key divisions—Products, Services, and Maintenance & Reclamation—the company offers a comprehensive inventory. Its consumable offerings span various welding electrodes, including C-Mn steel, low alloy, stainless steel, cellulosic, hardfacing, gouging, cast iron, and nickel alloys. Additionally, it supplies a range of wires and fluxes for submerged arc, flux-cored arc, metal-cored arc, GMAW, and GTAW processes, alongside brazing rods and accompanying fluxes. The equipment line-up features MMA, TIG, MIG, and submerged arc welding machines, air plasma cutting systems, advanced multipurpose synergic units, and TIG add-on accessories. Further provisions include gas cutting apparatus, related welding and cutting accessories, flares, process equipment, personal protective gear, and CNC cutting machines. Beyond manufacturing, Ador Welding provides engineering, procurement, and construction (EPC) services, encompassing the design, fabrication, erection, and commissioning of process packages, equipment, and flare systems with mechanical, electrical, and instrumentation integration. It also develops sophisticated welding and cutting automation products, such as robotic systems, columns, booms, positioners, rotators, and special purpose machines, while offering vital skill development services. Serving a vast array of sectors, including manufacturing, fabrication, infrastructure, construction, oil and gas, power generation (thermal, hydro, and renewables), shipbuilding, marine, automotive, transportation, railways, heavy engineering, defense, and aerospace, the company maintains its headquarters in Mumbai. Formerly known as Advani-Oerlikon Ltd., Ador Welding Limited functions as a subsidiary of J. B. Advani & Company Private Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
INR1,362.30 +46.20 (+3.51%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
40.3K
Beta
0.29
Float Shares
6.21M
Free Float %
35.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.48% +4.64% +5.65% +8.18% +5.18% +7.02% +15.90% -0.55% +138.03% +293.85% +4,082.75%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,362.30
DCF (Unlevered) 1,088.99 -20.1%
DCF (Levered) 2,999.55 +120.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.54
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    +2.0% Q1'26: -7.5% (vs Q1'25)
  • EPS growth Industrial - Machinery: +15.6%
    +36.4% Q1'26: +88.8% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    +9.1% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +10.3% Q1'26: +15.9% (vs Q1'25)
  • ROIC Industrial - Machinery: +6.8%
    +19.3% Q1'26: +31.8% (vs Q1'25)
  • Share dilution Industrial - Machinery: +0.0%
    +0.1% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    0.02× Q1'26: 0.01× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.29) × ERP
WACC = 100% × Ke + 0% × Kd (74.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,089.00 Current price: 1,362.30
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
8.84B
est: 9.38B (-5.8%)
11.18B
est: 11.18B (+0.0%)
11.50B
11.50B – 11.50B
+2.9% YoY
11.92B
11.92B – 11.92B
+3.7% YoY
13.17B
13.17B – 13.17B
+10.5% YoY
EBITDA
1.04B
est: 1.70B (-38.9%)
1.09B
est: 1.27B (-14.1%)
1.31B
1.31B – 1.31B
+2.9% YoY
1.36B
1.36B – 1.36B
+3.7% YoY
1.50B
1.50B – 1.50B
+10.5% YoY
EBIT
909.10M
est: 1.62B (-43.9%)
911.20M
est: 1.10B (-16.9%)
1.13B
1.13B – 1.13B
+2.9% YoY
1.17B
1.17B – 1.17B
+3.7% YoY
1.29B
1.29B – 1.29B
+10.5% YoY
Net Income
864.60M
est: 1.03B (-15.8%)
600.50M
est: 895.40M (-32.9%)
796.11M
796.11M – 796.11M
-11.1% YoY
1.09B
1.09B – 1.09B
+37.0% YoY
1.30B
1.30B – 1.30B
+19.2% YoY
SGA
425.50M
est: 394.91M (+7.7%)
579.60M
est: 400.17M (+44.8%)
411.73M
411.73M – 411.73M
+2.9% YoY
426.88M
426.88M – 426.88M
+3.7% YoY
471.67M
471.67M – 471.67M
+10.5% YoY
EPS
63.57
est: 59.00 (+7.7%)
34.51
est: 51.40 (-32.9%)
45.70
45.70 – 45.70
-11.1% YoY
62.60
62.60 – 62.60
+37.0% YoY
74.60
74.60 – 74.60
+19.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-27 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-26 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-25 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-22 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-21 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-20 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-19 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-18 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-15 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-14 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-13 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-12 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-11 A 4/5 5/5 4/5 5/5 4/5 3/5 2/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
388.42M
OE per share TTM
28.56
Owner's Yield
1.96%
Maintenance CapEx ratio
11.38%
Maint CapEx / Avg PPE
18.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.37M
Shares Outstanding
17.40M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Aditya Tarachand Malkani CEO, MD & Director 21M male
Ninotchka Malkani Nagpal Executive Chairman 20M female
Suryakant V. Sethia Chief Financial Officer and Deputy GM of Finance & Accounts 8M male
Vinayak Bhide Head of Corporate Administration, IA, HR & Legal, Compliance Officer and Company Secretary 8M male
Sunanda Kumar Palit Head of Strategy & Customer Experience male
Ulhas Pujari Head of Manufacturing & Supply Chain (Welding & Cutting Equipment) male
Vineet H. Bansal Head of India Welding Business & Customer Success male
Niki Singh Head of Branding, Marketing & Communication female
S. Ajay Kumar Head of International Welding Business male
Sachin H. Dobhada Head of Research, Development & Quality male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits