Ador Welding logo

Ador Welding

ADOR NSE
₹1,365.40 5.30 (0.39%)
Market Cap
₹2,376 Cr
P/E
20.72

Ador Welding (ADOR) share price was ₹1,365.40 at the 28 Oct 2026 close; market capitalisation ₹2,376 Cr; P/E (TTM) 20.72; sector Industrial Products. The share price rose 19.6% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Sep 2026 quarter, revenue rose 22.9% year on year to ₹344.2 Cr and net profit rose 4.3% year on year to ₹26.7 Cr (compared with Sep 2025). Promoters held 53.65% of Ador Welding in Sep 2026, down 0.11 percentage points from Jun 2026. Its Tapetide Score is 63/100 (Good) as of 28 Oct 2026.

Close 28 Oct 2026 ₹1,365.40 +223.25 +19.55% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹2,376 Cr
P/E (TTM)
20.72
EBITDA
₹139 Cr
Return on Equity
14.79%
Debt to Equity
0.01
Book Value
₹327.32
EPS (TTM)
₹65.89
52W High
₹1,766.40
52W Low
₹848.00

Price-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM

Peer Comparison

Industrials › Industrial Products › Other Industrial Products

HBL Engineering
₹809.9528.7522,451 Cr10.140.38%36.79%46.59%3,399 Cr780 Cr
INOX India
₹1,910.0068.0217,366 Cr15.510.10%23.08%30.77%1,667 Cr255 Cr
ESAB India
₹5,275.0036.608,120 Cr18.911.42%48.14%60.82%1,615 Cr222 Cr
KRN Heat Exchanger and Refrigeration
₹1,178.9076.857,717 Cr8.350.00%13.32%18.02%747 Cr97 Cr
Harsha Engineers
₹427.0025.133,888 Cr2.770.36%11.07%14.21%1,752 Cr154 Cr
Subros
₹595.7523.363,886 Cr3.120.49%13.31%16.75%3,949 Cr167 Cr
Ador Welding (this company)
₹1,365.4020.722,376 Cr4.170.55%14.79%20.26%1,285 Cr115 Cr
Median 7 companies₹1,178.9028.757,717 Cr8.350.38%14.79%20.26%1,667 Cr167 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-28
v2.0.0
63 Good
Overall score
Data confidence 98/100

Category scores

Quality Good 64
Returns, margins, earnings quality 22%
Valuation Strong 67
Cheap vs sector & own history 24%
Growth Weak 43
Sales & profit trajectory 9%
Financial Health Strong 83
Solvency, leverage, coverage 9%
Momentum Good 59
Trend strength, vol-adjusted 12%
Ownership Good 65
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 55.2%

Weaknesses

1
  • Promoter holding has decreased over last 3 years: -3.25%

Technical Indicators

Oscillators

BearishNeutralBullish

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

BearishNeutralBullish

Bearish

Bearish
10
Neutral
7
Bullish
2

Moving Averages

BearishNeutralBullish

Bearish

Bearish
8
Neutral
0
Bullish
2
Analyst Rating
Based on 1 analysts
BUY SHARE100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

Updated 28 Oct 2026

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

Revenue Growth
1.46% lower than 3Y

change over 1 year

Net Income Growth
36.44% higher than 3Y

change over 1 year

Cash Flow Change
-15.5%

change over 1 year

EBITDA Margin Change
13.8%

change over 1 year Operating margin 11% · Sep 2026

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹163 Cr +16.6% vs FY26
Reported High Mean Low

Quarterly Results

Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
276
260
296
268
268
273
308
251
280
287
318
309
344
Expenses
239
232
263
240
247
249
277
255
245
243
271
273
307
Operating Profit
36
28
33
28
21
24
31
-4
35
44
47
35
37
OPM %
13%
11%
11%
10%
8%
9%
10%
-1.8%
12%
15%
15%
11%
11%
Other Income
4
5
7
6
-36
4
4
5
5
-2
3
7
5
Interest
1
1
1
1
1
1
1
1
1
0
0
1
1
Depreciation
4
4
4
4
4
5
5
5
5
5
5
5
5
PBT
36
28
34
28
-21
23
30
-5
34
36
45
37
36
Tax %
25%
28%
26%
25%
-25%
26%
26%
-24%
25%
26%
26%
25%
26%
Net Profit
27
20
25
21
-16
17
22
-3
26
27
34
27
27
EPS (₹)
19.62
14.68
18.72
15.27
-11.83
9.66
12.64
-1.99
14.72
15.57
19.27
15.72
15.33
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
387
407
441
458
512
526
447
661
777
1,067
1,117
1,135
1,258
Expenses
358
365
410
423
468
484
425
601
688
946
1,011
1,013
1,094
Operating Profit
28
42
31
35
45
42
22
61
89
121
105
123
163
OPM %
7%
10%
7%
8%
9%
8%
5%
9%
11%
11%
9%
11%
13%
Other Income
34
3
9
10
10
9
-19
14
6
21
-23
11
13
Interest
1
2
2
6
11
10
8
6
4
6
6
4
3
Depreciation
12
12
11
10
10
11
11
11
12
15
18
19
20
PBT
48
32
27
28
35
30
-16
58
79
121
59
111
154
Tax %
33%
29%
33%
34%
31%
15%
-24%
23%
25%
26%
26%
26%
—
Net Profit
32
23
18
19
24
26
-12
45
59
89
43
83
115
EPS (₹)
23.8
16.66
13.32
13.65
17.54
18.84
-8.82
33.11
43.6
65.71
24.97
47.58
65.89
Div. Payout %
21%
30%
38%
37%
37%
34%
0%
38%
40%
37%
80%
48%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
14
14
14
14
14
14
14
14
14
14
17
17
17
Reserves
190
205
224
234
250
235
224
268
310
485
498
546
561
Borrowings
0
0
35
81
65
82
29
2
17
45
2
3
30
Other Liabilities
82
118
107
102
103
108
108
109
111
158
180
271
220
Total Liabilities
286
337
380
430
431
439
375
393
452
701
698
838
828
Fixed Assets
96
99
101
102
115
125
116
117
123
156
196
204
202
CWIP
2
1
4
1
1
0
3
7
2
25
4
3
10
Investments
7
12
14
6
7
6
12
20
20
56
32
47
56
Other Assets
182
224
261
322
308
308
244
248
306
463
466
584
560
Total Assets
286
337
380
430
431
439
375
393
452
701
698
838
828
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1
22
0
-37
63
13
79
26
14
58
139
117
Investing
-8
-4
-11
0
-19
-21
-7
-5
-10
-42
-19
-67
Financing
-9
-9
19
33
-33
-13
-61
-31
-5
-19
-93
-38
Net Cash Flow
-17
10
7
-4
11
-22
12
-10
-1
-4
26
12
Free Cash Flow
-5
8
-16
-46
44
-9
71
28
0
16
100
95
CFO/EBITDA
21
81
33
-78
164
58
348
67
36
75
154
122
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
79
107
63
73
60
90
86
51
59
61
63
75
Inventory Days
59
58
56
60
52
62
70
70
81
77
64
78
Days Payable
56
106
85
84
67
72
87
60
51
45
62
100
Cash Conversion Cycle
81
60
34
50
45
80
69
61
89
93
64
53
Working Capital Days
61
68
64
81
66
56
42
54
65
61
60
53
ROCE %
11%
17%
12%
11%
14%
12%
6%
20%
27%
28%
20%
23%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Ador Welding insights

67 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

FIIs1.06%Promot.53.65%Others10.22%DIIs11.17%Public23.91%As ofSep 2026

Documents

Frequently Asked Questions about Ador Welding

What does Ador Welding Ltd do?
Ador Welding Ltd is a leading player in the field of Welding Products, Technologies and Services. It is also engaged in providing customized solutions for multi-disciplinary projects and contracts related to refineries, oil and gas, petrochemicals and other sectors.[1]
Where is Ador Welding Ltd (ADOR) listed?
Ador Welding Ltd trades as ADOR on the NSE and under code 517041 on the BSE.
Which sector does Ador Welding Ltd belong to?
Ador Welding Ltd is classified under the Industrial Products sector, in the Other Industrial Products industry.
What is the market capitalisation of Ador Welding Ltd?
Ador Welding Ltd has a market capitalisation of ₹2,376 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Ador Welding Ltd?
Ador Welding Ltd trades at a PE ratio of 20.72 as of 28 Oct 2026, on earnings per share of ₹65.89, against a book value of ₹327.32 per share.
What is the 52-week high and low of Ador Welding Ltd?
Over the last 52 weeks Ador Welding Ltd has traded between ₹848 and ₹1,766.4 as of 28 Oct 2026.
Does Ador Welding Ltd pay dividends?
Ador Welding Ltd has a dividend yield of 0.55%.
What is the Return on Equity (ROE) of Ador Welding Ltd?
Ador Welding Ltd reported a return on equity of 14.79%. Its debt-to-equity ratio is 0.01.

Company Information

Ador Welding Ltd is a leading player in the field of Welding Products, Technologies and Services. It is also engaged in providing customized solutions for multi-disciplinary projects and contracts related to refineries, oil and gas, petrochemicals and other sectors.[1]

Website adorwelding.com
CEO Ms. Ninotchka Malkani Nagpal
Employees 853
Listed 1995-05-10
Face Value ₹ 10
Shares Outstanding 1,74,02,815

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