Ador Welding Ltd.

BSE: ADOR517041ISIN INE045A01017

Industrials
Other Industrial Products
BSE Industrials

BSE listing

Share price

₹1,591.30+22.35 (+1.42%)

as of 18 Sep 2026

52W high: ₹1,765.00
52W low: ₹850.00
Off 52W high: -9.84%
1M return: -2.47%
3M return: +30.96%
6M return: +73.59%
1Y return: +60.07%
20D avg volume: 3,581
50 DMA: ₹1,532.89
200 DMA: ₹1,178.56

Key ratios Consolidated

Market cap: ₹2,769 Cr
Current price: ₹1,591.30
52W high / low: ₹1,765.00 / ₹850.00
Face value: ₹10.00
P/E: 24.39
P/B: —
EPS (TTM): ₹65.25
Book value / share: —
ROE: —
ROCE: 20.30%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-41.46 Cr
Interest cover: 53.27
Dividend yield: 1.45%
Dividend / share (TTM): ₹23.00
Payout: 35.25%
Cash conversion cycle: 60.9 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	309.46	318.97	288.12	281.09	251.84	310.02	—
	7.02	5.39	11.94	4.32	4.96	5.05	—
	279.55	277.17	258.11	251.74	261.84	284.59	—
	200.41	181.13	149.55	137.77	151.03	173.30	—
	38.33	20.53	22.99	13.58	38.54	21.62	—
	30.98	28.96	30.36	29.00	29.25	25.51	—
	0.81	0.40	0.33	0.63	0.84	0.87	—
	4.99	4.98	4.96	4.77	4.76	4.75	—
	46.26	39.24	43.85	44.65	73.16	49.51	—
	36.93	47.19	41.95	33.67	-5.04	30.48	—
	0.00	3.15	-5.90	0.00	0.00	-1.38	—
	36.93	50.34	36.05	33.67	-5.04	29.10	—
	9.33	16.12	9.33	8.66	-1.09	11.01	—
	27.60	34.22	26.72	25.01	-3.95	18.09	—
	15.86	19.65	15.35	14.37	-2.27	10.40	—
Key metrics
	42.73	55.72	41.34	39.07	0.56	34.72	—
	13.80%	17.50%	14.30%	13.90%	0.20%	11.20%	—
	8.90%	10.70%	9.30%	8.90%	-1.60%	5.80%	—
	—	8.80%	—	6.70%	—	5.80%	—
	22.90%	2.90%	—	—	—	—	—
	798.70%	89.20%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,198	1,140	1,123	—
	28.67	18.16	18.80	—
	1,067	1,040	1,044	—
	668.86	619.48	662.86	—
	95.43	95.64	71.73	—
	119.30	117.57	110.61	—
	2.17	2.20	4.54	—
	19.70	19.47	18.22	—
	174.00	192.46	184.86	—
	159.74	117.75	97.97	—
	-2.75	-2.75	-11.39	—
	156.99	115.00	86.58	—
	43.44	33.02	26.53	—
	113.55	81.98	60.05	—
	65.23	47.11	34.51	—
Key metrics
	178.86	136.67	109.34	—
	14.93%	12.00%	9.70%	—
	9.48%	7.20%	5.30%	—
	—	20.30%	17.50%	—
	—	1.50%	—	—
	—	36.50%	—	—
	—	93.70	95.84	—
	—	1.41	2.28	—
	—	0.00	0.00	—
	—	-41.46	-29.19	—
	—	60.9	63.3	—
Balance sheet
	—	831.83	693.93	—
	—	542.20	443.81	—
	—	42.31	30.28	—
	—	231.97	192.66	—
	—	151.87	126.74	—
	—	26.76	25.45	—
	—	193.28	185.98	—
	—	193.73	124.60	—
	—	253.39	173.52	—
	—	0.85	1.09	—
	—	0.27	0.25	—
	—	0.58	0.84	—
	—	554.45	507.09	—
Cash flow
	—	115.87	137.11	—
	—	-65.94	-17.37	—
	—	-37.90	-93.50	—
	—	22.17	41.27	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	308.63	317.96	286.95	280.00	250.54	307.99	—
	7.02	5.62	12.36	4.73	5.37	5.29	—
	279.09	276.04	256.98	250.45	260.46	282.37	—
	200.24	180.92	149.27	137.31	150.59	172.78	—
	38.33	20.51	22.99	13.58	38.54	21.60	—
	30.68	28.48	29.89	28.60	28.77	24.90	—
	0.81	0.40	0.33	0.63	0.84	0.86	—
	4.97	4.95	4.91	4.74	4.70	4.63	—
	46.29	38.85	43.52	44.25	72.76	48.56	—
	36.56	47.54	42.33	34.28	-4.55	30.91	—
	0.00	-2.41	-5.90	0.00	0.00	-1.38	—
	36.56	45.13	36.43	34.28	-4.55	29.53	—
	9.21	11.59	9.33	8.66	-1.09	7.54	—
	27.35	33.54	27.10	25.62	-3.46	21.99	—
	15.72	19.27	15.57	14.72	-1.99	12.64	—
Key metrics
	42.34	50.48	41.67	39.65	0.99	35.02	—
	13.70%	15.90%	14.50%	14.20%	0.40%	11.40%	—
	8.90%	10.50%	9.40%	9.20%	-1.40%	7.10%	—
	—	7.80%	—	6.70%	—	5.80%	—
	23.20%	3.20%	—	—	—	—	—
	890.50%	52.50%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,194	1,135	1,117	—
	29.73	19.64	20.23	—
	1,063	1,035	1,035	—
	667.74	618.09	660.79	—
	95.41	95.62	71.71	—
	117.65	115.74	108.09	—
	2.17	2.20	4.52	—
	19.57	19.30	17.90	—
	172.91	190.94	181.72	—
	160.71	119.60	101.64	—
	-8.31	-8.31	-43.10	—
	152.40	111.29	58.54	—
	38.79	28.49	15.08	—
	113.61	82.80	43.46	—
	65.28	47.58	24.98	—
Key metrics
	174.14	132.79	80.96	—
	14.59%	11.70%	7.20%	—
	9.52%	7.30%	3.90%	—
	—	19.40%	12.00%	—
	—	1.70%	—	—
	—	90.50%	—	—
	—	94.57	97.91	—
	—	1.41	3.20	—
	—	0.00	0.00	—
	—	-41.41	-29.02	—
	—	61.1	63.8	—
Balance sheet
	—	838.08	698.21	—
	—	539.68	444.06	—
	—	42.26	30.11	—
	—	231.85	192.35	—
	—	151.62	126.32	—
	—	24.73	23.46	—
	—	192.76	185.34	—
	—	193.06	123.53	—
	—	251.62	171.22	—
	—	0.85	1.09	—
	—	0.27	0.25	—
	—	0.58	0.84	—
	—	563.87	515.70	—
Cash flow
	—	116.73	139.14	—
	—	-66.68	-19.35	—
	—	-37.90	-93.36	—
	—	22.16	41.23	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 53.77%

Holder	Type	Holding	Previous	Change
J B ADVANI AND COMPANY PVT LIMITED	Promoter Group	45.23%	—	—
CLARUS CAPITAL I	Public	6.22%	—	—
GIRISH GULATI HUF .	Public	2.46%	—	—
ARUNA BHAGWAN ADVANI	Promoter	2.26%	—	—
QUANT MUTUAL FUND - QUANT MANUFACTURING FUND	Public	2.18%	—	—
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	1.98%	—	—
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA VALUE FUND	Public	1.94%	—	—
ADITYA TARACHAND MALKANI	Promoter	1.79%	—	—
NINOTCHKA MALKANI NAGPAL	Promoter	1.65%	—	—
RAJBIR MALKANI	Promoter	0.75%	—	—
TANIA AJIT MIRCHANDANI	Promoter Group	0.56%	—	—
MICHELLE GULU MALKANI	Promoter	0.51%	—	—
SHIRIN ADITYA MALKANI	Promoter Group	0.23%	—	—
PRIYA DARSHINI LAMBERT	Promoter Group	0.20%	—	—
VIMLA ASHDA LALVANI	Promoter Group	0.18%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Schedule of Analyst/Investor Meet27 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation to the Holders of physical shares to furnish KYC Details27 Aug 2026 · Company Update / General
Intimation for change in Senior Management- Appointment of Head - HR13 Aug 2026 · Company Update / Change in Management
Newspaper Publication7 Aug 2026 · Company Update / Newspaper Publication
Change in management - Resignation of CFO30 Jul 2026 · Company Update / Change in Management
Outcome of the Board Meeting30 Jul 2026 · Others / Outcome without intimation
Scrutinizer''s Report and Voting Results24 Jul 2026 · AGM/EGM / AGM
Proceedings of the Annual General Meeting23 Jul 2026 · Company Update / General
Outcome - Proceedings of the 73rd Annual General Meeting23 Jul 2026 · AGM/EGM / AGM
Newspaper Publication23 Jul 2026 · Company Update / Newspaper Publication
Newspaper Publication22 Jul 2026 · Company Update / Newspaper Publication
Investor Presentation for the quarter ended 30th June, 202621 Jul 2026 · Company Update / General
Financial Results for the first quarter ended 30th June, 202621 Jul 2026 · Result / Financial Results
Outcome of the Board Meeting21 Jul 2026 · Board Meeting / Outcome of Board Meeting
Ador Welding Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/07/2026 ,inter alia, to consider and approve Unaudited Financial results (Standalone ....15 Jul 2026 · Board Meeting / Board Meeting
Intimation of change in Senior Management9 Jul 2026 · Company Update / Change in Management
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 20187 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Record Date for determining the eligibility of the Members entitled to receive Final Dividend is fixed Thursday, 16th July, 2026.6 Jul 2026 · Corp. Action / Record Date
Enclosed herewith is the letter sent to the Shareholders, whose email id is not registered with the Company/Depositories, intimating about web-link of Annual Report of FY 2025-26.2 Jul 2026 · Company Update / General
Newspaper Publication of Notice of 73rd Annual General Meeting scheduled to be held on 23rd July, 20261 Jul 2026 · Company Update / Newspaper Publication
BRSR for FY 2025-2630 Jun 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
73rd Annual Report for FY 2025-2630 Jun 2026 · Others / Reg. 34 (1) Annual Report
Notice of the 73rd Annual General Meeting for FY 2025-2630 Jun 2026 · AGM/EGM / AGM
Intimation of closure of Trading Window of the Company.24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication18 Jun 2026 · Company Update / Newspaper Publication
Enclosed herewith is the email communication sent to all the Shareholders intimating about the tax deduction on Dividend.10 Jun 2026 · Company Update / General
Newspaper Publication10 Jun 2026 · Company Update / Newspaper Publication
Newspaper Publication9 Jun 2026 · Company Update / Newspaper Publication
Newspaper Publication8 Jun 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report for the year ended 31st March, 202628 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
The Compensation Committee of the Company has approved 02nd Grant of 36,800 Stock Options to 75 eligible employees under Ador Employees Stock Option Plan 202525 May 2026 · Company Update / General
Transcript of Invest Meet held on 30th April, 20264 May 2026 · Company Update / Earnings Call Transcript
Audio recording of the Investor / Analyst Meet held on 30th April, 202630 Apr 2026 · Company Update / Analyst / Investor Meet
Presentation to Analyst Meet30 Apr 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication30 Apr 2026 · Company Update / Newspaper Publication
Revised outcome - Audited Financial Results for the fourth quarter and year ended 31st March, 202629 Apr 2026 · Company Update / Revision of outcome
Reappointment of Mr. Aditya T. Malkani as the Managing Director w.e.f. 14th September, 202629 Apr 2026 · Company Update / Change in Directorate
Outcome of the Board Meeting - recommended Final Dividend29 Apr 2026 · Corp. Action / Dividend
Financial Results for the fourth quarter and year ended 31st March, 202629 Apr 2026 · Result / Financial Results
Outcome of the Board Meeting29 Apr 2026 · Board Meeting / Outcome of Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 23.0000	16 Jul 2026	16 Jul 2026	—
Final Dividend - Rs. - 20.0000	8 Jul 2025	8 Jul 2025	—

Board meetings

21 Jul 2026 Board Meeting - Financial Results