ADOR · Ador Welding Ltd · Constr. & Agric. Machinery
ADOR · Ador Welding Ltd · Constr. & Agric. Machinery
As of 05 Nov close
52-week range
18.8% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹309 Cr
Revenue YoY
PAT YoY
+798.7%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
4.8
P/S (TTM)
2.3
Sector P/E
28.6
Dividend yield
+1.4%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ADOR (this stock) | 19.5 | 4.8 | +9.5% | +20.5% | 0.01 | +1.4% |
| Escorts Kubota | 23.4 | 2.6 | +11.3% | +11.2% | 0.01 | +1.1% |
| Action Construction Equipment | 27.8 | 5.8 | +12.7% | +22.9% | 0.33 | +0.2% |
| Esab India | 39.7 | 20.7 | +14.1% | +51.7% | 0.01 | +1.3% |
Promoter
stable
FII
rising 3q
MF
4.12% (-2.28pp)
falling 1q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 27 Oct 2026 | Aditya Tarachand Malkani | BUY | 1,30,442 | ₹0 |
| 27 Oct 2026 | Rajbir Malkani | SELL | 1,30,442 | ₹0 |
| 31 Aug 2026 | Navroze Marshall | SELL | 10,000 | ₹1.72 Cr |
| 24 Jul 2026 | LATE PRAVENA KRISHNA MATHUR | SELL | 19,232 | ₹2.77 Cr |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Ador Welding Limited reported Q2 FY27 revenue of Rs. 345 Cr, up 23% YoY, with H1 FY27 revenue at Rs. 654 Cr, also up 23% YoY. Gross margins were 34.2% in Q2, reflecting higher input costs, while EBITDA grew 9% YoY to Rs. 38 Cr. H1 FY27 EBITDA margin remained stable at ~11%. Management highlighted three growth drivers: expanding exports to the Middle East and exploring European markets, scaling higher-value welding equipment and consumables, and deepening customer relationships. Automation and robotics, including Ador WelDoS, are strategic priorities. The company declared an interim dividend of Rs. 7.50 per share. Historical financials show revenue declined from FY26 to H1 FY27, though gross profit and EBITDA improved. The balance sheet shows total assets of Rs. 821.6 Cr as of 30th Sep-26, with equity at Rs. 569.6 Cr. Cash flow statements indicate net cash from operations decreased to -8.5 Cr in Q2 FY27.
The document emphasizes growth in revenue, EBITDA, and strategic initiatives despite inflationary pressures.
Sourced from an exchange-filed presentation, dated 22 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings call held on April 30, 2026, management provided an overview of Ador Welding Limited's performance, reporting a revenue of approximately INR 1,135 crores for the year, with a 2% increase year-on-year. The EBITDA margin was noted at 12%, with gross margins improving to 38%. Management highlighted ongoing investments in R&D and partnerships, including a collaboration with Miller for submerged arc welding applications. They discussed the introduction of new products, particularly in automation and robotics, and emphasized the importance of brand positioning. Management acknowledged challenges in the Flares and Process Equipment division, stating a restructuring to focus on profitability. They expressed optimism about growth in the shipbuilding and renewable sectors, while also noting the impact of inflation on product lines. The call concluded with management reiterating their commitment to enhancing the welding experience as they approach their 75th anniversary.
Management highlighted both growth opportunities and challenges faced in certain divisions.
Sourced from an exchange-filed transcript, dated 04 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by Ador Welding Limited, dated April 30, 2026, provided an overview of the company's performance and strategic initiatives. Management reported a 3% revenue growth in Q4 FY26 compared to Q4 FY25, with a gross margin increase of approximately 200 basis points. For FY26, revenue was up 2%, and gross margin improved by around 250 basis points. The presentation highlighted strategic collaborations, including a partnership with Miller for submerged arc product solutions and the expansion of the product portfolio for critical applications. Additionally, the company introduced new automation solutions and received recognition for its training programs. Management emphasized the importance of ongoing research and development, supported by a recognized R&D center. The document noted that no unpublished price-sensitive information would be shared during the analysts' meet.
The presentation provided factual updates and strategic insights without strong positive or negative emphasis.
Sourced from an exchange-filed presentation, dated 30 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedAdor Welding Limited (ADOR) reported no significant regulatory orders or legal actions impacting its going concern status during FY 2025-26. The company adhered to corporate governance standards, maintained adequate insurance for its assets, and disclosed contingent liabilities in its financial statements. No insolvency proceedings were pending, and the company emphasized compliance with statutory requirements and ethical business practices. The auditor noted key audit matters related to revenue recognition and internal controls, with no material defaults or liquidity issues reported.
- No significant regulatory orders or legal actions impacting going concern status in FY 2025-26.
- Contingent liabilities disclosed in financial statements, as noted in the Statement on Contingent Liabilities and Commitments.
- Compliance with corporate governance practices and statutory requirements, including adherence to SEBI (LODR) Regulations.
- No insolvency proceedings or defaults on loans or interest payments during the year.
- Auditor highlighted key audit matters related to revenue recognition and internal financial controls.
Key takeaway: Ador Welding Limited maintained compliance with regulatory and governance standards in FY 2025-26, with no major legal or financial defaults, though contingent liabilities and auditor concerns about revenue recognition and internal controls remain areas of focus.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
No item of a kind that needs attention was stored for this company.
Contingent Liability
5 occurrencesRecent (last 12 months)
The Company has a Statement on Contingent Liabilities and Commitments in the Notes to the Financial Statements.
Earlier (1-3 years ago)
The Company mentions that Members attention is drawn to the Statement on Contingent Liabilities and Commitments in the Notes, forming part of the Financial Statement.
The company mentions a Statement on Contingent Liabilities and Commitments in the Notes to the Financial Statements, indicating the existence of contingent liabilities.
Older (3+ years ago)
The company has contingent liabilities amounting to Rs. 2,285 lakhs pertaining to various indirect tax matters pending before appropriate authorities.
The Company has a Statement on Contingent Liabilities and Commitments in the Notes to the Financial Statements.
Related-Party Transaction
1 occurrenceRecent (last 12 months)
The company has disclosed related-party transactions as per Ind AS 24, including its holding company J. B. Advani & Company Private Limited and fellow subsidiary Ador Powertron Limited.
Statutory dues in dispute
4 occurrencesRecent (last 12 months)
The company has undisputed statutory dues in income tax for various assessment years, amounting to INR 2,318.38 lakhs, with some amounts paid, and disputes pending before the Commissioner of Income Tax (Appeals), Bombay High Court, and Additional Commissioner of Income Tax.
Earlier (1-3 years ago)
The company has statutory dues that have not been deposited with the appropriate authorities due to disputes, except for the following: [Name of the statute], [Nature of dues], [Gross Amount (Rs.)].
Older (3+ years ago)
The company has statutory dues under various acts (Income Tax, Customs, Central Excise, Sales Tax) that are disputed and pending before authorities, with amounts unpaid and disputes in forums like Commissioner of Income-tax (Appeals) and Custom, Excise and Service Tax Appellate Tribunal.
The company has statutory dues pending in disputes with authorities, including income tax, customs, excise, and sales tax, with amounts and specific periods noted, and disputes pending before various forums.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.0% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).