₹1,454
▼ -2.04 -0.14%
29 Jul 2026
NSE Listed · Capital Goods-Non Electrical Equipment
Ador Welding Ltd. (ADOR)
Volume: 7,023Avg Vol 1W: 48,083Avg Vol 1M: 76,18552W Range:₹848₹1,597
Key Ratios
Checked just nowMarket Cap₹2,530 Cr
Current Price₹1,454
Previous Close₹1,456.04
High / Low (52w)₹1,597 / ₹848
Volume7,023
Avg Vol (1W)48,083
Avg Vol (1M)76,185
Stock P/E73.99
Book Value₹318.65
Dividend Yield1.97%
ROE14.79%
ROA9.86%
Revenue (TTM)—
Revenue Growth4.57%
Profit Margin7.19%
Total Debt₹84,00,000 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹19.65
P/B4.56
Debt / Equity0.01
50 DMA₹1,251.04
200 DMA₹1,091.24
Day change-0.14%
Price Chart
₹1,454▲ 45.59% · 1Y
2025-07-292026-07-29
20-day avg volume: 82K shares
Pros
- Pays a dividend yield of 2.0%.
- Company is almost debt-free.
Cons
- Stock trades at a high P/E of 74.
Quarterly Results
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹269 Cr | ₹274 Cr | ₹310 Cr | ₹252 Cr | ₹281 Cr | ₹288 Cr | ₹319 Cr | ₹309 Cr |
| EBITDA | ₹21 Cr | ₹22 Cr | ₹31 Cr | ₹-4 Cr | ₹34 Cr | ₹42 Cr | ₹48 Cr | ₹38 Cr |
| Net Profit | ₹7 Cr | ₹15 Cr | ₹18 Cr | ₹-4 Cr | ₹25 Cr | ₹27 Cr | ₹34 Cr | ₹28 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹308 Cr | ₹1,141 Cr | ₹251 Cr | ₹280 Cr | ₹287 Cr | ₹318 Cr | ₹1,158 Cr | ₹309 Cr |
| EBITDA | ₹32 Cr | ₹103 Cr | ₹-4 Cr | ₹35 Cr | ₹43 Cr | ₹48 Cr | ₹120 Cr | ₹37 Cr |
| Net Profit | ₹22 Cr | ₹60 Cr | ₹-3 Cr | ₹26 Cr | ₹27 Cr | ₹34 Cr | ₹82 Cr | ₹27 Cr |
| EPS | — | 34.51 | — | — | — | — | 47.06 | — |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹428 Cr | ₹429 Cr | ₹437 Cr | ₹375 Cr | ₹393 Cr | ₹681 Cr | ₹694 Cr | ₹832 Cr |
| Total Liabilities | ₹183 Cr | ₹168 Cr | ₹190 Cr | ₹138 Cr | ₹111 Cr | ₹208 Cr | ₹187 Cr | ₹277 Cr |
| Equity | ₹245 Cr | ₹261 Cr | ₹247 Cr | ₹238 Cr | ₹282 Cr | ₹473 Cr | ₹507 Cr | ₹554 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹-27 Cr | ₹74 Cr | ₹24 Cr | ₹77 Cr | ₹41 Cr | ₹92 Cr | ₹161 Cr | ₹149 Cr |
| Investing | ₹0 Cr | ₹-19 Cr | ₹-22 Cr | ₹-7 Cr | ₹-5 Cr | ₹-44 Cr | ₹-17 Cr | ₹-66 Cr |
| Financing | ₹32 Cr | ₹-33 Cr | ₹-13 Cr | ₹-61 Cr | ₹-31 Cr | ₹-19 Cr | ₹-93 Cr | ₹-38 Cr |
| Free Cash Flow | ₹-27 Cr | ₹74 Cr | ₹24 Cr | ₹77 Cr | ₹41 Cr | ₹92 Cr | ₹161 Cr | ₹149 Cr |
Shareholding
Promoter 53.76% Institutions 11.53% Public 34.71%
Efficiency & Working Capital
ROCE19.9%
Interest Coverage32.8
Dividend Payout—
Debtor Days74 d
Inventory Days49 d
Payable Days62 d
Cash Conversion Cycle61 d
Working Capital Days123 d
Shareholding Details
As of 2026-06-30
Promoter53.8%
FII1.1%
DII10.5%
Institutions11.5%
Public34.7%
Promoter Pledge0%
No. of Shareholders35,275
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Mar 2024 | Jun 2024 | Sept 2024 | Oct 2024 | Oct 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 56.9% | 56.9% | 56.9% | 53.2% | 53.2% | 53.2% | 53.7% | 53.7% | 53.7% | 53.7% | 53.8% | 53.8% |
| FIIs | 0.1% | 0.1% | 0% | 0.1% | 0.1% | 0.1% | 0% | 0.1% | 0.1% | 0.1% | 0.4% | 1.1% |
| DIIs | 5.7% | 10.2% | 12% | 9.4% | 9.4% | 10.3% | 11% | 11.8% | 12.4% | 12.6% | 12.6% | 10.5% |
| Public | 37.3% | 32.8% | 31% | 37.4% | 37.4% | 36.4% | 35.3% | 34.4% | 33.7% | 33.6% | 33.2% | 34.7% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 32,575 | 29,283 | 30,665 | 43,111 | 43,111 | 41,468 | 40,702 | 38,889 | 37,949 | 36,356 | 35,567 | 35,275 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| J B Advani And Company Pvt Limited | Shareholding of Promoter and Promoter Group | 45.2% | 78,71,370 |
| Clarus Capital I | Public Shareholding | 6.2% | 10,81,875 |
| Girish Gulati Huf . | Public Shareholding | 2.5% | 4,28,654 |
| Aruna Bhagwan Advani | Shareholding of Promoter and Promoter Group | 2.3% | 3,93,414 |
| Quant Mutual Fund - Quant Manufacturing Fund | Public Shareholding | 2.2% | 3,79,436 |
| Nippon Life India Trustee Ltd-a/c Nippon India Value Fund | Public Shareholding | 1.9% | 3,38,377 |
| Aditya Tarachand Malkani | Shareholding of Promoter and Promoter Group | 1.8% | 3,12,023 |
| Ninotchka Malkani Nagpal | Shareholding of Promoter and Promoter Group | 1.7% | 2,87,375 |
| Rajbir Malkani | Shareholding of Promoter and Promoter Group | 0.8% | 1,30,442 |
| Tania Ajit Mirchandani | Shareholding of Promoter and Promoter Group | 0.6% | 96,762 |
| Michelle Gulu Malkani | Shareholding of Promoter and Promoter Group | 0.5% | 88,297 |
| Shirin Aditya Malkani | Shareholding of Promoter and Promoter Group | 0.2% | 39,956 |
| Priya Darshini Lambert | Shareholding of Promoter and Promoter Group | 0.2% | 34,050 |
| Vimla Ashda Lalvani | Shareholding of Promoter and Promoter Group | 0.2% | 31,782 |
| Deep Ashda Lalvani | Shareholding of Promoter and Promoter Group | 0.1% | 22,579 |
| Late Pravena Krishna Mathur | Shareholding of Promoter and Promoter Group | 0.1% | 20,132 |
| Reshma Ashda Lalvani | Shareholding of Promoter and Promoter Group | 0.1% | 16,722 |
| Ravin Mirchandani | Shareholding of Promoter and Promoter Group | 0.1% | 9,296 |
| Tanya Halina Advani | Shareholding of Promoter and Promoter Group | 0% | 1,195 |
| Gulshan Gulu Malkani | Shareholding of Promoter and Promoter Group | 0% | 0 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| N Malkani Nagpal | Executive Chairman | 2026 |
| A T Malkani | Executive Director & MD | 2026 |
| D A Lalvani | Non Executive Director | 2026 |
| R A Mirchandani | Non Executive Director | 2026 |
| Tanya Advani | Non Executive Director | 2026 |
| Nita Dempo Mirchandani | Independent Non Exe. Director | 2026 |
| N S Marshall | Independent Non Exe. Director | 2026 |
| Santosh Janakiram | Independent Non Exe. Director | 2026 |
| Jitendra Panjabi | Independent Non Exe. Director | 2026 |
| Mihir Jayaraman | Independent Non Exe. Director | 2026 |
| V M Bhide | CS / CO / Head - HR Admin | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Products | ₹900 Cr | 79.1% |
| Services | ₹84 Cr | 7.4% |
| M&R division | ₹153 Cr | 13.5% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Domestic | ₹963 Cr | 86.3% |
| Outside India | ₹153 Cr | 13.7% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 43 | 17 | 17 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-21 | Board Meetings | — |
| forthcoming | 2026-07-16 | Dividend (23/- per share) | Final |
| dividend | 2026-07-16 | ₹23 (230%) | Final |
| dividend | 2025-07-08 | ₹20 (200%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 4 | 0 | 0 | 12 | 0 | 75 |
| 2026 | 4 | 0 | 0 | 0 | 0 | 4 |
| 2026 | 0 | 0 | 0 | 12 | 0 | 66 |
Insider / Designated-Person Trades
13 recent disclosure(s)
Deep Ashda LalvaniAcquisition · 222
Deep Ashda LalvaniAcquisition · 111
Deep Ashda LalvaniAcquisition · 250
Deep Ashda LalvaniAcquisition · 68
Deep Ashda LalvaniAcquisition · 490
Deep Ashda LalvaniAcquisition · 27
Substantial Acquisitions (SAST)
3 disclosure(s)
Market13/05/2025 · 6,493
Market09/05/2025 · 58,419
Scheme Of Amalgamation26/11/2024 · 14,92,280
Company Information
Incorporated1951
ChairmanN Malkani Nagpal
AuditorBSR & Co LLP
Investor Email[email protected] ; [email protected]
📍 Ador House 4th Floor, 6 K Dubash Marg Fort, Mumbai, Maharashtra, 400001
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