Debut Plus

₹1,352.8

▼ -9.54 -0.70%

17 Jul 2026

NSE Listed

Ador Welding Ltd. (ADOR)

Volume: 1,19,798Avg Vol 1W: 42,457.6Avg Vol 1M: 33,310.7552W Range:₹848₹1,405
NSE BSE www.adorwelding.com
Key Ratios
Checked 19h ago
Market Cap₹2,371 Cr
Current Price₹1,352.8
Previous Close₹1,362.34
High / Low (52w)₹1,405 / ₹848
Volume1,19,798
Avg Vol (1W)42,457.6
Avg Vol (1M)33,310.75
Stock P/E69.33
Book Value₹318.65
Dividend Yield2%
ROE14.8%
ROA9.9%
Revenue (TTM)₹1,158 Cr
Revenue Growth4.6%
Profit Margin7.2%
Total Debt₹1 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹19.65
P/B4.28
Debt / Equity0.01
50 DMA₹1,197.08
200 DMA₹1,076.87
Day change-0.70%
Price Chart
₹1,352.8▲ 24.71% · 1Y
₹1353₹8527.9L
2025-07-16
2026-07-15

20-day avg volume: 33K shares

Pros
  • Pays a dividend yield of 2.0%.
  • Company is almost debt-free.
Cons
  • Stock trades at a high P/E of 69.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹269 Cr₹269 Cr₹274 Cr₹310 Cr₹252 Cr₹281 Cr₹288 Cr₹319 Cr
EBITDA₹28 Cr₹21 Cr₹22 Cr₹31 Cr₹-4 Cr₹34 Cr₹42 Cr₹48 Cr
Net Profit₹20 Cr₹7 Cr₹15 Cr₹18 Cr₹-4 Cr₹25 Cr₹27 Cr₹34 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 2026
Revenue₹468 Cr₹524 Cr₹535 Cr₹455 Cr₹667 Cr₹1,093 Cr₹1,141 Cr₹1,158 Cr
EBITDA₹33 Cr₹45 Cr₹39 Cr₹16 Cr₹53 Cr₹121 Cr₹103 Cr₹120 Cr
Net Profit₹18 Cr₹25 Cr₹26 Cr₹-10 Cr₹45 Cr₹86 Cr₹60 Cr₹82 Cr
EPS13.5418.0519.2-7.6333.2149.6934.5147.06
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 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
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2025Mar 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 13% Public 33.24%
Efficiency & Working Capital
ROCE21%
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 2026-03-31

Promoter53.8%
FII0.4%
DII12.6%
Institutions13%
Public33.2%
Promoter Pledge0%
No. of Shareholders35,567
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Oct 2024Oct 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters56.9%56.9%56.9%56.9%53.2%53.2%53.2%53.7%53.7%53.7%53.7%53.8%
FIIs0.3%0.1%0.1%0%0.1%0.1%0.1%0%0.1%0.1%0.1%0.4%
DIIs2.8%5.7%10.2%12%9.4%9.4%10.3%11%11.8%12.4%12.6%12.6%
Public40%37.3%32.8%31%37.4%37.4%36.4%35.3%34.4%33.7%33.6%33.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders30,27432,57529,28330,66543,11143,11141,46840,70238,88937,94936,35635,567
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
J B Advani And Company Pvt LimitedShareholding of Promoter and Promoter Group45.2%78,71,370
Clarus Capital IPublic Shareholding5.8%10,10,121
Girish Gulati Huf .Public Shareholding2.5%4,28,654
Lic Mf Small Cap FundPublic Shareholding2.3%3,95,502
Aruna Bhagwan AdvaniShareholding of Promoter and Promoter Group2.3%3,93,414
Quant Mutual Fund - Quant Manufacturing FundPublic Shareholding2.2%3,79,436
Nippon Life India Trustee Ltd-a/c Nippon India Value FundPublic Shareholding1.9%3,38,377
Aditya Tarachand MalkaniShareholding of Promoter and Promoter Group1.8%3,12,023
Ninotchka Malkani NagpalShareholding of Promoter and Promoter Group1.7%2,87,375
Rajbir MalkaniShareholding of Promoter and Promoter Group0.8%1,30,442
Tania Ajit MirchandaniShareholding of Promoter and Promoter Group0.6%96,762
Michelle Gulu MalkaniShareholding of Promoter and Promoter Group0.5%88,297
Shirin Aditya MalkaniShareholding of Promoter and Promoter Group0.2%39,956
Priya Darshini LambertShareholding of Promoter and Promoter Group0.2%34,050
Vimla Ashda LalvaniShareholding of Promoter and Promoter Group0.2%31,782
Deep Ashda LalvaniShareholding of Promoter and Promoter Group0.1%22,288
Pravena Krishna MathurShareholding of Promoter and Promoter Group0.1%20,132
Reshma Ashda LalvaniShareholding of Promoter and Promoter Group0.1%16,722
Ravin MirchandaniShareholding of Promoter and Promoter Group0.1%9,296
Tanya Halina AdvaniShareholding of Promoter and Promoter Group0%1,195
Gulshan Gulu MalkaniShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Gulshan Gulu Malkani00%2026-03-31
Tanya Halina Advani00%2026-03-31
Ravin Mirchandani00%2026-03-31
Reshma Ashda Lalvani00%2026-03-31
Pravena Krishna Mathur00%2026-03-31
Deep Ashda Lalvani00%2026-03-31
Vimla Ashda Lalvani00%2026-03-31
Shirin Aditya Malkani00%2026-03-31
Michelle Gulu Malkani00%2026-03-31
Tania Ajit Mirchandani00%2026-03-31
Rajbir Malkani00%2026-03-31
Ninotchka Malkani Nagpal00%2026-03-31
Board of Directors
NameDesignationYear
N Malkani NagpalExecutive Chairman2026
A T MalkaniExecutive Director & MD2026
D A LalvaniNon Executive Director2026
R A MirchandaniNon Executive Director2026
Tanya AdvaniNon Executive Director2026
Nita Dempo MirchandaniIndependent Non Exe. Director2026
N S MarshallIndependent Non Exe. Director2026
Santosh JanakiramIndependent Non Exe. Director2026
Jitendra PanjabiIndependent Non Exe. Director2026
Mihir JayaramanIndependent Non Exe. Director2026
V M BhideCS / CO / Head - HR Admin2026
Segments — Product
SegmentRevenueShare
Products₹900 Cr79.1%
Services₹84 Cr7.4%
M&R division₹153 Cr13.5%
Segments — Geography
RegionRevenueShare
Domestic₹963 Cr86.3%
Outside India₹153 Cr13.7%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10431717
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-21Board Meetings—
dividend2026-07-16₹23 (230%)Final
forthcoming2026-07-16Dividend (23/- per share)Final
dividend2025-07-08₹20 (200%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202640012075
2026400004
202600012066
Insider / Designated-Person Trades

30 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]
🌐 www.adorwelding.com ↗

📍 Ador House 4th Floor, 6 K Dubash Marg Fort, Mumbai, Maharashtra, 400001

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