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Ador Welding share price & results

Ador Welding Limited· Capital Goods· Industrials

Results to
Sept 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

India's Tier-1 welding solutions maker — consumables, equipment & automation, exporting to 15+ countries.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue345 ₹ crore+22.8% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin11.0 %−1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit27.0 ₹ crore+8.0% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity20.77 %+2.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin8.29 %−0.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)12.89 %−3.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

3 of 4 judged targets kept · 4 open · verdicts reflect calls analysed to Q4 FY26.

Ador Welding Limited management guidance track record on Inve: 8 targets tracked across analysed earnings calls (3 achieved, 1 missed, 4 open).

TargetOriginal wordingSaidLatest callVerdict
Project ProfitabilityBreakeven on ONGC Uran project in next 5-6 months
Call transcript, Q4 FY25 · 12 May 2025		Q4 FY25Q4 FY26:The INR3 crores that you see in PE is basically a gain that has come because there was one of the reorders that came in from ONGC.
Call transcript, Q4 FY26 · 30 Apr 2026		Achieved
RevenueDouble our revenue over the next 4 years
Call transcript, Q4 FY25 · 12 May 2025		Q4 FY25Q4 FY26:Target reframed as INR 2,000 crores by FY29. Based on FY25 revenue of ~1112cr, doubling would be ~2224cr. The new target is a slight downward revision.
Call transcript, Q4 FY26 · 30 Apr 2026		Revised Down
CapexINR 30-35 crores capex for FY27
Call transcript, Q4 FY26 · 30 Apr 2026		Q4 FY26Q4 FY26:Our capex is generally in the region of approximately INR30 crores-INR35 crores for the coming year.
Call transcript, Q4 FY26 · 30 Apr 2026		New

Source: Inve Guidance Tracker for Ador Welding Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Ador Welding Limited's 8 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 5 more targets are in the full ledger.

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Price

₹1,370.7 +4.98% · +₹65

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +21.0% 1Y

₹0.8k₹1.0k₹1.2k₹1.4k₹1.6k₹1.8kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Oct 2025Q4 FY26 — 30 Apr 2026

1Y: ₹1,132.5 on 24 Oct 2025 → ₹1,370.7. High ₹1,730.3 (2 Sept 2026), low ₹851.8 (7 Apr 2026).

Previous close
₹1,305.7
Market cap
₹2.3k Cr
52-week range
₹851.8 – ₹1,730.3
One year
+23.05%
Price to earnings (TTM to Sept 2026)
19.07×
Return on equity (TTM to Sept 2026)
20.77%

Overview

Symbol
NSE:ADOR
Industry
Industrials
Exchange
NSE
Currency
INR

What Ador Welding Limited does

Based on the company's own presentations, annual report and earnings calls.

Ador Welding Limited manufactures and sells welding consumables (electrodes, wires, fluxes), welding equipment (power sources, cutting and automation systems), and provides welding-related maintenance & repair services, positioning itself as a complete welding-solutions provider for manufacturing, infrastructure, energy and defence customers. Incorporated in 1951, the company sells across India and exports to more than fifteen countries, describing itself as a Tier-1 welding player with Indian roots and a growing global footprint. In 2024 it completed the merger of the erstwhile Ador Fontech Limited (maintenance & repair / hardfacing consumables business) into Ador Welding, consolidating its market position, and it operates a Government of India-recognised in-house R&D centre developing new welding consumables, equipment and automation products.

Segments

  • Products (Welding Consumables & Equipment)
  • Services Business
  • Maintenance & Repair (M&R) Division
  • Flares & Process Equipment Division (FPED)
Manufacturing facilities
5
Employees
850+
Countries served (global footprint)
15+
India pin codes served
31,235
Installed capacity — welding consumables
90,000 MT/year
Installed capacity — welding power sources
30,000 units/year
Founded 1951Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q4 FY26
−2.5%
30 Apr

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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