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NSE Close — 25 Sep 2026
₹1,638.9
Change
+26.0 (1.61%)
Open
₹1,612.9
Prev. Close
₹1,612.9
Day High
₹1,656.9
Day Low
₹1,598.1
Volume Analysis
Traded
39,147
Delivered
16,230
Delivery %
41.46%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (1)
- •Promoter holding is falling
Opportunities (2)
- •Strong 3-year revenue growth (19.9%)
- •FII holding has been rising
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹1,723.3 | ₹1,690.1 | ₹1,664.5 | ₹1,631.3 | ₹1,605.7 | ₹1,572.5 | ₹1,546.9 |
| Fibonacci | ₹1,690.1 | ₹1,667.64 | ₹1,653.76 | ₹1,631.3 | ₹1,608.84 | ₹1,594.96 | ₹1,572.5 |
| Camarilla | ₹1,655.07 | ₹1,649.68 | ₹1,644.29 | ₹1,631.3 | ₹1,633.51 | ₹1,628.12 | ₹1,622.73 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
+57.09%
1 Week
+3.96%
1 Month
+0.2%
3 Months
+29.13%
6 Months
+83.48%
1 Year
+67.23%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹581.49
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
19.56%
Net margin 9.52% × asset turnover 1.37x × equity multiplier 1.5x
Company Overview
Sector
Capital Goods
Market Cap
₹2,807 Cr
P/E (TTM)
24.3
ROE
15.8%
Book Value
₹319.0
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 25 Sep 2026. Not investment advice.
TopFund Analysis
Ador Welding Ltd holds up reasonably well on TopFund's composite fundamentals check within the Capital Goods sector, at 71/100. The strongest factor is Financial Strength (100/100), while Liquidity (36/100) is the weakest area to weigh before deciding. Notably: Promoter holding is falling. Strong 3-year revenue growth (19.9%).
TopFund Score — Fundamentals Quality
71/100 — GoodData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company is almost debt free.
- +Company has been maintaining a healthy dividend payout of 48.4%
- −Promoter holding has decreased over last 3 years: -3.14%
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
6,625 ESOPs vested on 22 Sept 2026; 3,000 lapsed, exercise window opens 26 Oct 2026.
Ador Welding schedules analyst/investor group meetings on 2 September 2026 in Mumbai.
Reminder to update KYC details and convert physical shares to demat.
Vinayak M. Bhide redesignated Chief Compliance Officer and Company Secretary; Pradnya Nitin Iyer appointed Head-HR, effective 13 August 2026.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Dec 2022 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 199 | 277 | 261 | 297 | 269 | 269 | 274 | 310 | 252 | 281 | 288 | 319 | 309 |
| Expenses + | 174 | 242 | 235 | 265 | 242 | 249 | 251 | 279 | 256 | 246 | 244 | 272 | 274 |
| Operating Profit | 24 | 36 | 27 | 32 | 27 | 20 | 23 | 31 | -4 | 35 | 44 | 47 | 36 |
| OPM % | 12.0% | 13.0% | 10.0% | 11.0% | 10.0% | 7.0% | 8.0% | 10.0% | -1.8% | 12.0% | 15.0% | 15.0% | 12.0% |
| Other Income + | 2 | 4 | 5 | 7 | 5 | -5 | 4 | 4 | 5 | 4 | -2 | 9 | 7 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 |
| Depreciation | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 22 | 35 | 26 | 34 | 27 | 9 | 21 | 29 | -5 | 34 | 36 | 50 | 37 |
| Tax % | 26.0% | 26.0% | 29.0% | 24.0% | 26.0% | 28.0% | 28.0% | 38.0% | -22.0% | 26.0% | 26.0% | 32.0% | 25.0% |
| Net Profit + | 16 | 26 | 19 | 25 | 20 | 7 | 15 | 18 | -4 | 25 | 27 | 34 | 28 |
| EPS in Rs | 12 | 19 | 14 | 19 | 15 | 5 | 9 | 10 | -2 | 14 | 15 | 20 | 16 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 371 | 388 | 408 | 442 | 458 | 513 | 526 | 448 | 661 | 1,074 | 1,123 | 1,140 | 1,198 |
| Expenses + | 344 | 360 | 366 | 411 | 423 | 468 | 484 | 425 | 601 | 955 | 1,019 | 1,017 | 1,036 |
| Operating Profit | 27 | 28 | 42 | 31 | 35 | 46 | 42 | 22 | 61 | 119 | 104 | 123 | 161 |
| OPM % | 7.0% | 7.0% | 10.0% | 7.0% | 8.0% | 9.0% | 8.0% | 5.0% | 9.0% | 11.0% | 9.0% | 11.0% | 13.0% |
| Other Income + | -8 | 34 | 3 | 9 | 10 | 10 | 9 | -17 | 14 | 19 | 7 | 15 | 17 |
| Interest | 2 | 1 | 2 | 2 | 6 | 11 | 10 | 8 | 6 | 6 | 6 | 4 | 2 |
| Depreciation | 12 | 13 | 12 | 11 | 10 | 10 | 11 | 11 | 11 | 16 | 18 | 19 | 20 |
| Profit before tax | 4 | 48 | 32 | 27 | 28 | 36 | 31 | -14 | 58 | 117 | 87 | 115 | 157 |
| Tax % | 216.0% | 33.0% | 29.0% | 34.0% | 34.0% | 31.0% | 14.0% | -26.0% | 22.0% | 26.0% | 31.0% | 29.0% | — |
| Net Profit + | -5 | 32 | 22 | 18 | 18 | 25 | 26 | -10 | 45 | 86 | 60 | 82 | 114 |
| EPS in Rs | -4 | 23 | 16 | 13 | 14 | 18 | 19 | -8 | 33 | 64 | 35 | 47 | 65 |
| Dividend Payout % | -133.0% | 21.0% | 30.0% | 38.0% | 37.0% | 36.0% | 34.0% | 0.0% | 38.0% | 39.0% | 58.0% | 49.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 155 | 189 | 203 | 221 | 231 | 248 | 234 | 224 | 268 | 459 | 490 | 537 |
| Borrowings + | 19 | 0 | 0 | 36 | 81 | 65 | 82 | 29 | 2 | 45 | 2 | 3 |
| Other Liabilities + | 93 | 82 | 118 | 107 | 102 | 103 | 108 | 108 | 109 | 163 | 184 | 274 |
| Total Liabilities | 280 | 285 | 335 | 378 | 428 | 429 | 437 | 375 | 393 | 681 | 694 | 832 |
| Fixed Assets + | 77 | 97 | 100 | 102 | 103 | 116 | 125 | 117 | 117 | 157 | 197 | 204 |
| CWIP | 2 | 2 | 1 | 4 | 1 | 1 | 0 | 3 | 7 | 25 | 4 | 3 |
| Investments | 14 | 6 | 12 | 11 | 2 | 4 | 4 | 11 | 20 | 39 | 32 | 47 |
| Other Assets + | 188 | 179 | 222 | 261 | 322 | 309 | 308 | 244 | 248 | 459 | 461 | 577 |
| Total Assets | 280 | 285 | 335 | 378 | 428 | 429 | 437 | 375 | 393 | 681 | 694 | 832 |
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 17 | 17 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 21 | 1 | 23 | 0 | -37 | 64 | 14 | 79 | 26 | 58 | 137 | 116 |
| Cash from Investing Activity + | -1 | -9 | -4 | -12 | 0 | -19 | -22 | -7 | -5 | -44 | -17 | -66 |
| Cash from Financing Activity + | -3 | -9 | -9 | 19 | 32 | -33 | -13 | -61 | -31 | -19 | -94 | -38 |
| Net Cash Flow | 17 | -17 | 10 | 7 | -4 | 11 | -22 | 12 | -10 | -5 | 26 | 12 |
| CFO/OP | 111 | 23 | 81 | 33 | -77 | 162 | 57 | 346 | 67 | 77 | 155 | 122 |
| Free Cash Flow | 8 | -5 | 8 | -16 | -46 | 45 | -8 | 71 | 28 | 16 | 98 | 94 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 38.96% | 38.38% | 37.25% | 32.78% | 31.02% | 36.39% | 35.27% | 34.37% | 33.76% | 33.57% | 33.26% | 34.72% |
| Promoters | 56.9% | 56.9% | 56.9% | 56.94% | 56.94% | 53.24% | 53.71% | 53.71% | 53.73% | 53.74% | 53.76% | 53.76% |
| FII | 0.13% | 0.3% | 0.1% | 0.06% | 0.05% | 0.06% | 0.03% | 0.07% | 0.09% | 0.14% | 0.37% | 1.05% |
| DII | 4.02% | 4.43% | 5.74% | 10.21% | 12.0% | 10.31% | 11.0% | 11.85% | 12.44% | 12.56% | 12.63% | 10.47% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Capital Goods — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Ador Welding Ltd (this stock) | 2,807 | 24.3 | 5.06 | 15.8% |
| Ratnaveer Precision Eng L | 2,803 | 4.6 | 0.4 | 11.6% |
| Xpro India Limited | 2,825 | 86.5 | 3.71 | 2.8% |
| Rishabh Instruments Ltd | 2,754 | 34.1 | 3.69 | 12.0% |
| Kilburn Engineering Ltd. | 2,929 | 33.3 | 4.19 | 17.1% |
| Ravindra Energy Limited | 2,954 | 49.5 | 7.0 | 21.2% |
| Kabra Extrusion Technik L | 2,960 | 4229.0 | 6.71 | -1.91% |
Which Mutual Funds Hold Ador Welding Ltd?
Frequently Asked Questions about Ador Welding Ltd
Ador Welding Ltd (ADOR) closed at ₹1,638.9 on NSE on 25 September 2026, up 26.0 (1.61%) from the previous close.
Ador Welding Ltd trades on the NSE (National Stock Exchange of India) under the symbol ADOR.
Ador Welding Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 24.3.
Ador Welding Ltd has a dividend yield of 1.43%.
Ador Welding Ltd's 52-week high is ₹1,766.0 and its 52-week low is ₹848.0.
Ador Welding Ltd has a market capitalisation of ₹2,807 crore.
Ador Welding Ltd has a TopFund Quality Score of 71/100 (Good), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
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