Ador Welding Limited

Capital Goods · Industrial Products

NSE: ADOR BSE: 517041
₹1591.80
▼ -20.20 (-1.25%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
78/100
Strong
Valuation
54/100
Fairly Valued
Momentum
50/100
Neutral

QVM read Quality business Quality Strong, Valuation Fairly Valued, Momentum Neutral

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

About

Ador Welding Limited is an industrial manufacturing company headquartered in Mumbai, India. The flagship company of the Ador Group, Ador Welding produces a variety of welding products, industry applications, and technology services, including welding consumables as well as welding and cutting equipment. It has over 30% market share in the organized welding market and is considered one of the major players in the Indian welding industry. Ador PEB is the company's project engineering division. PEB is based in Pune and has provided services to the Indian Government's Bharat Nirman Program in the field of combustion and thermal engineering technologies.

Source: Wikipedia

Key Metrics

Market Capitalization
₹2,770 Cr
PE (TTM)
24.4
Industry median 24.4 (265 companies)
Price to Book
5.0
PEG (TTM)
0.0
Institutions holding %
11.53%
FII + DII, latest filed period
Piotroski Score
7
Relative return vs Nifty50, qtr %
41.2
Relative return vs Sector, qtr %
34.7
Free Cash Flow
₹94 Cr
as of March 31, 2026
Industry median ₹-0 Cr (379 companies)
EPS Growth (YoY)
889.95%
as of June 30, 2026
Industry median 18.18% (314 companies)
Net Profit Growth (TTM)
200.16%
as of June 30, 2026
Industry median 12.01% (310 companies)
Operating Revenue Growth (TTM)
8.58%
as of June 30, 2026
Industry median 8.28% (307 companies)
Profit Growth (YoY)
52.52%
as of March 31, 2026
Industry median 15.23% (307 companies)
Revenue Growth (YoY)
23.19%
as of June 30, 2026
Industry median 16.28% (288 companies)
Current Ratio
2.14
as of March 31, 2026
Industry median 2.00 (375 companies)
Debt to Equity
0.00
as of March 31, 2026
Industry median 0.15 (334 companies)
Interest Coverage
71.23
as of June 30, 2026
Industry median 6.34 (319 companies)
Net Margin
8.86%
as of June 30, 2026
Industry median 5.55% (300 companies)
Operating Margin (EBIT)
12.11%
as of June 30, 2026
Industry median 9.14% (306 companies)
Operating Margin (TTM)
12.95%
as of June 30, 2026
Industry median 8.26% (317 companies)
Return on Assets
9.86%
as of March 31, 2026
Industry median 4.65% (315 companies)
Return on Capital Employed
20.26%
as of March 31, 2026
Industry median 11.69% (315 companies)
Return on Equity
14.79%
as of March 31, 2026
Industry median 8.58% (315 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

5 of 7 met
  • Yes Revenue is higher than a year earlier in each of the last 4 quarters
  • Yes Quality score is Strong (70 or more)
  • Yes Piotroski F-score is 7 or more (score 7)
  • Yes Debt to equity is below 0.5 (0.00)
  • No Return on equity is 15% or more (14.8%)
  • Yes Net cash flow for the latest year is positive
  • No Cash from operations is higher than the year before

Ownership

4 of 4 met
  • Yes FII/FPI or DII holding rose in the latest quarter
  • Yes Promoter holding rose or was unchanged in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)
  • Yes Insiders have not sold in the past 3 months (no open-market sale filed in the last 3 months)

Peer comparison

3 of 3 met
  • Yes 1-year return beats the industry median
  • Yes Revenue growth beats the industry median
  • Yes Profit growth beats the industry median

Value and momentum

2 of 6 met
  • Yes Price sits in the Buy zone of its own historical PE range (Buy Zone)
  • No Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • Yes Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
-1.3%
Low 1585.2000 · High 1625.1000
1W return
-0.4%
Low 1580.0000 · High 1656.9000
1M return
-6.7%
Low 1487.1000 · High 1744.8000
52W return
61.5%
Low 848.0000 · High 1766.4000
Lifetime High ₹1730.3000 (Sept. 2, 2026)
Lifetime Low ₹86.9000 (Aug. 6, 2013)

Full price history and technicals →

EMA & SMA

Bullish3
Bearish3
5D
1604.9
10D
1604.4
20D
1602.0
50D
1542.5
100D
1423.7
200D
1199.9

Delivery and volume

Day avg. delivery
49.1%
Week avg. delivery
44.9%
Month avg. delivery
49.2%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

1600.70
Pivot
First resistance1616.20
Second resistance1640.60
Third resistance1656.10
First support1576.30
Second support1560.80
Third support1536.40
Day RSI49.7
Day MFI45.5
Day MACD9.15
Day MACD signal13.73

Beta

1M0.65
3M0.94
1Y1.12
3Y0.84

Price change analysis

↓ -6.7%
Over 1 Month
LowHigh
1487.101744.80
↑ 27.5%
Over 3 Months
LowHigh
1235.001766.40
↑ 78.2%
Over 6 Months
LowHigh
848.001766.40
↑ 61.5%
Over 1 Year
LowHigh
848.001766.40
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 24.4 (own history: 18.5–120.3)
Buy Zone
Revenue (June 30, 2026)
₹309 Cr
Net profit (June 30, 2026)
₹27 Cr
Basic EPS (June 30, 2026)
₹15.7200

Ranks #79 of 335 in Industrial Products by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter53.76%
  • Mutual funds4.12%
  • FII/FPI1.06%
  • Other DII6.35%
  • Public34.71%

Largest holders

NameCategoryShares %Shares
J B ADVANI AND COMPANY PVT LIMITEDPromoter45.2300%7871370
CLARUS CAPITAL IPublic6.2200%1081875
GIRISH GULATI HUF .Public2.4600%428654
ARUNA BHAGWAN ADVANIPromoter2.2600%393414
QUANT MUTUAL FUND - QUANT MANUFACTURING FUNDPublic2.1800%379436

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings were unchanged at 53.76% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings increased from 0.37% to 1.06% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings decreased from 6.40% to 4.12% in Jun 2026 qtr

All shareholding details →

Insider trading, SAST & pledges

All 58 insider trades, 3 SAST, 0 pledge events →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
9 Mar 2026 DEEP ASHDA LALVANI Director Buy 0 ₹0
9 Mar 2026 DEEP ASHDA LALVANI Director Buy 0 ₹0
9 Mar 2026 DEEP ASHDA LALVANI Director Buy 0 ₹0
9 Mar 2026 DEEP ASHDA LALVANI Director Buy 0 ₹0
9 Mar 2026 DEEP ASHDA LALVANI Director Buy 0 ₹0
9 Mar 2026 DEEP ASHDA LALVANI Director Buy 0 ₹0
21 Jan 2026 DEEP ASHDA LALVANI Promoter Buy 0 ₹0
21 Jan 2026 DEEP ASHDA LALVANI Promoter Buy 0 ₹0
2 Jan 2026 DEEP ASHDA LALVANI Promoter Buy 0 ₹0
27 Oct 2025 DEEP ASHDA LALVANI Promoter Buy 0 ₹0

All insider and SAST disclosures →

DateClientDealActionQuantityPriceExchange
28 May 2015 SUNDARAM MUTUAL FUND Bulk Buy 170,000 209.5000 BSE
22 Feb 2010 SMART EQUITY BROKERS PRIVATE LIMITED Bulk Buy 70,258 190.2300 BSE
22 Feb 2010 SMART EQUITY BROKERS PRIVATE LIMITED Bulk Sell 70,258 189.9200 BSE
22 Feb 2010 SANJEEV SINGHAL Bulk Buy 75,862 193.4700 BSE
22 Feb 2010 SANJEEV SINGHAL Bulk Sell 75,862 193.5600 BSE
22 Feb 2010 OPG SECURITIES P LTD Bulk Buy 98,330 193.0500 BSE
22 Feb 2010 OPG SECURITIES P LTD Bulk Sell 98,330 192.9600 BSE
17 Dec 2009 OPG SECURITIES P LTD Bulk Buy 121,524 203.4900 BSE
17 Dec 2009 OPG SECURITIES P LTD Bulk Sell 121,524 203.5500 BSE
10 Dec 2009 OPG SECURITIES P LTD Bulk Buy 124,590 214.1400 BSE

All bulk and block deals →

Last 12 months ₹23.00 per share
Dividend yield 1.44%
Ex-dateSubjectPer share (₹)Record date
16 Jul 2026 Dividend - Rs 23 Per Share 23.0000 16 Jul 2026
8 Jul 2025 Dividend - Rs 20 Per Share 20.0000 8 Jul 2025
15 May 2024 Interim Dividend - Rs 18.50 Per Share 18.5000 15 May 2024
2 Aug 2023 Annual General Meeting/Dividend - Rs 17.50 Per Share 17.5000 —
19 Jul 2022 Annual General Meeting/Dividend - Rs 12.50 Per Share 12.5000 —
27 Feb 2020 Interim Dividend - Rs 6.50 Per Share 6.5000 28 Feb 2020
18 Jul 2019 Dividend - Rs 6.50 Per Share 6.5000 —
2 Aug 2018 Dividend- Rs 5 Per Share (Date Revised) 5.0000 —
23 Aug 2017 Annual General Meeting/Dividend - Rs 5/- Per Share(Purpose Revised) 5.0000 —
21 Jul 2016 Dividend - Rs 5/- Per Share 5.0000 —

Corporate Actions

Full history (22 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
—NAME_CHANGEName changed from Advani Oerlikon Ltd. to Ador Welding Ltd.
16 Jul 2009AGMAgm/Div-Rs.4/- Per Share
8 Jun 2006OTHERDiv Fin-50% + Spl-50%
9 Jun 2005OTHERDiv Fin-30% + Spl-50%

All corporate actions →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
21 Jul 2026 Financial Results/Other business matters Yes
29 Apr 2026 Financial Results/Dividend/Other business matters Yes
16 Jan 2026 Financial Results Yes
15 Oct 2025 Financial Results/Other business matters Yes
13 Aug 2025 Financial Results/Other business matters Yes

Corporate Announcements

All 889 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
28 Sep 2026 Insider Trading / SAST Ador Welding Ltd - 517041 - Closure of Trading Window
21 Sep 2026 Options to purchase securities Ador Welding Limited has informed the Exchange about Options to purchase securities
21 Sep 2026 Company Update Ador Welding Ltd - 517041 - Annoucement Under Regulation 30 Of SEBI(LODR) Regulations, 2015
27 Aug 2026 Analysts/Institutional Investor Meet/Con. Call Updates Ador Welding Limited has informed the Exchange about Schedule of meet
27 Aug 2026 General Updates Ador Welding Limited has informed the Exchange about General Updates
13 Aug 2026 Change in Management Ador Welding Limited has informed the Exchange about change in Management
7 Aug 2026 Copy of Newspaper Publication Ador Welding Limited has informed the Exchange about Copy of Newspaper Publication
30 Jul 2026 Resignation of Director/KMP/SMP Ador Welding Limited has informed the Exchange about Resignation of Director/KMP/SMP
30 Jul 2026 Change in Management Ador Welding Limited has informed the Exchange about change in Management
30 Jul 2026 Outcome of Board Meeting Ador Welding Limited has informed the Exchange regarding Outcome of Board Meeting held on July 30, 2026.

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Low financial leverage (Debt/Equity 0.00)
  • Comfortable interest coverage (71.2x)
  • Healthy liquidity (Current Ratio 2.14)
  • Strong revenue growth YoY (23.2%)

Weaknesses

Data unavailable.

Opportunities

  • PEG below 1 (0.04) -- earnings growth outpacing its own valuation

Threats

Data unavailable.

Data unavailable (no single-stock futures or options activity on record for this company).

Frequently asked questions about Ador Welding Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.