Ador Welding Limited

BSE: 517041 NSE: ADORWELD
Ador Welding Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L70100MH1951PLC008647 Incorporated 22 October 1951 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: ADORWELD · BSE: 517041 Public Limited Company machinery and equipment
Data last updated
Revenue · FY 2026
₹1,140.01 Cr
▲ 1.54% YoY
Computed EBITDA · FY 2026
₹139.42 Cr
▲ 15.48% YoY
Net profit · FY 2026
₹81.98 Cr
▲ 36.52% YoY
Authorised capital
₹43 Cr
Registered with MCA
Paid-up capital
₹17.4 Cr
Issued & subscribed
Open charges
₹183.59 Cr
Satisfied ₹277.59 Cr
Company age
75 yrs
Est. 1951
Employees · EPFO
646
Latest available

About Ador Welding Limited

Data last updated: 13 July 2026

Ador Welding Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of J B Advani And Company Private Limited. It specialises in industrial tools and components, a part of the broader machinery and industrial equipment sector. Incorporated on 22 October 1951, the company has been in operation for over 75 years.

Registered with ROC Mumbai under CIN L70100MH1951PLC008647. Listed on BSE: 517041 and NSE: ADORWELD.

Capital: an authorised share capital of ₹43 Cr and a paid-up capital of ₹17.4 Cr. Formerly known as J.B. Advani-Oerlikon Electrodes Limited and J. Advani Oerlikon Electrodes Limited. It is led by directors including Deep Ashda Lalvani and Nita Dempo Mirchandani.

Last AGM: 15 July 2025. Financial statements filed for year ended 31 March 2025. Office: Ador House 6 K. Dubash Marg Fort, Mumbai, Maharashtra, India – 400001.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹1,140.01 Cr, a growth of 1.54% compared to the previous year. The net worth stands at ₹554.45 Cr (up 9.34% YoY). Total assets are valued at ₹831.83 Cr (up 19.87% YoY).

The company has a workforce of approximately 646 employees as per the latest available data. It operates as a subsidiary of J B Advani And Company Private Limited.

The company is associated with 1 brand - Ador Welding. As per MCA filings, the company has open charges of ₹183.59 Cr and satisfied charges of ₹277.59 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adorwelding.com.

Company Details of Ador Welding Limited
CIN L70100MH1951PLC008647
Registration Number 008647
Incorporation Date 22 October 1951
ROC Mumbai
Listing Status Listed (BSE: 517041, NSE: ADORWELD)
Company Status Active
Date of Last AGM 15 July 2025
Date of Balance Sheet 31 March 2025
Parent Company J B Advani And Company Private Limited
Compliance Status Active Compliant
Key People
Aditya Tarachand Malkani Managing Director Ninotchka Malkani Nagpal Whole-Time Director Deep Ashda Lalvani Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    adorwelding.com
  • Social Media
  • Registered Address
    Ador House 6 K. Dubash Marg Fort, Mumbai, Maharashtra, India – 400001
  • Industry
    Machinery and Equipment, Industrial Tools & Components
Company report
Ador Welding Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Ador Welding Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Ador Welding Limited

Ador Welding Limited has undergone 5 name changes throughout its history. The current legal name is Ador Welding Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Ador Welding Limited Current
J.B. Advani-Oerlikon Electrodes Limited Previous
J. Advani Oerlikon Electrodes Limited Previous
J. Advani Oerlikon Electrodes Private Limited Previous
Advani-Oerlikon Limited Previous
J.B. Advani-Oerlikon Electrodes Private Limited Previous

CIN History of Ador Welding Limited

Ador Welding Limited has one previous CIN (Corporate Identification Number): U70100MH1951PLC008647. The current CIN is L70100MH1951PLC008647, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L70100MH1951PLC008647 Current
U70100MH1951PLC008647 Previous

Associated Brands with Ador Welding Limited

Ador Welding Limited operates one associated brand: Ador Welding. These brands represent Ador Welding Limited's diversified market presence and brand portfolio.

Brand Description Website
Ador Welding
Welding equipment, consumables, and automation solutions are manufactured. adorwelding.com

Business Activity of Ador Welding Limited

Ador Welding Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products, electrical equipment, general purpose and special purpose machinery & equipment, transport equipment. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products Locked
C Manufacturing C10 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment Locked
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Business activity turnover details for Ador Welding Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Verified entity values are shown only after access is granted.

Auditor Details of Ador Welding Limited

Ador Welding Limited is audited by BSR & Co. LLP (ICAI peer reviewed, certificate valid till 2028-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
BSR & Co. LLP (ICAI peer reviewed, certificate valid till 2028-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Ador Welding Limited

Ador Welding Limited is currently managed by 10 directors, with 20 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Deep Ashda Lalvani
Also directs: J B Advani And Company Private Limited, Ador Foundation, Ador Powertron Limited and 4 more
Director 27 Jul 2007 19 Years 0 Months Current
Nita Dempo Mirchandani
Also directs: Kavya Advisory Services Llp, Kine Advisory Services Llp, Iconia Advisors Llp and 5 more
Director 01 Apr 2020 6 Years 4 Months Current
Ravin Ajit Mirchandani
Also directs: J B Advani And Company Private Limited, Ador Foundation, Ador Powertron Limited and 5 more
Director 28 Jul 2006 20 Years 0 Months Current
Ninotchka Malkani Nagpal
Also directs: J B Advani And Company Private Limited, Piem Hotels Limited, Ador Foundation
Whole-Time Director 03 Oct 1997 28 Years 10 Months Current
Aditya Tarachand Malkani
Also directs: J B Advani And Company Private Limited, Ador Foundation, 3D Future Technologies Private Limited and 1 more
Managing Director 27 Jul 2007 19 Years 0 Months Current
Navroze Shiamak Marshall
Also directs: S J Marshall Trading Company Llp, Jiji Marshall Trading Company Llp, Kihm Stahl Solutions Llp and 5 more
Director 21 May 2022 4 Years 3 Months Current
Showing 6 of 10 current directors. View all directors

Financials of Ador Welding Limited FY 2026 filings available

Ador Welding Limited reported revenue of ₹1,140.01 Cr (up 1.54% YoY) for FY 2026.

Revenue · FY 2026
₹1,140.01 Cr ▲ 1.54%
Profit · FY 2026
₹81.98 Cr ▲ 36.52%
Computed EBITDA · FY 2026
₹139.42 Cr ▲ 15.48%
Revenue₹ Cr · Consolidated05001,0001,500FY 2020: ₹527 Cr527FY 2020FY 2021: ₹448 Cr · -15% YoY448-15%FY 2021FY 2022: ₹661 Cr · +47.8% YoY661+47.8%FY 2022FY 2025: ₹1,123 Cr · +69.7% YoY1,123+69.7%FY 2025FY 2026: ₹1,140 Cr · +1.5% YoY1,140+1.5%FY 2026
Net Profit₹ Cr · Consolidated-50050100FY 2020: ₹29 Cr28.8FY 2020FY 2021: ₹10 Cr (loss) · -136.1% YoY-10.4FY 2021FY 2022: ₹45 Cr · +535.1% YoY45.2+535.1%FY 2022FY 2025: ₹60 Cr · +33% YoY60.1+33%FY 2025FY 2026: ₹82 Cr · +36.5% YoY82+36.5%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0200400Q3'23: ₹199 Cr · +13.9% YoY199+13.9%Q3'23Q2'25: ₹269 Cr · +34.7% YoY269+34.7%Q2'25Q3'25: ₹274 Cr · +73.5% YoY274+73.5%Q3'25Q4'25: ₹310 Cr · +67.7% YoY310+67.7%Q4'25Q1'26: ₹252 Cr · +26.9% YoY252+26.9%Q1'26Q2'26: ₹281 Cr · +4.4% YoY281+4.4%Q2'26Q3'26: ₹288 Cr · +5.2% YoY288+5.2%Q3'26Q4'26: ₹319 Cr · +2.9% YoY319+2.9%Q4'26
Metrics FY 2026 FY 2025 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹1,140.01 Cr ₹1,122.68 Cr ₹661.48 Cr ₹447.68 Cr ₹526.54 Cr
Other Income ₹18.16 Cr ₹18.8 Cr ₹5.48 Cr ₹7.39 Cr ₹10.11 Cr
Total Income ₹1,158.17 Cr ₹1,141.48 Cr ₹666.96 Cr ₹455.07 Cr ₹536.65 Cr
Cost of Materials Consumed ₹619.48 Cr ₹662.86 Cr ₹421.25 Cr ₹326.2 Cr ₹360.26 Cr
Purchases of Stock-in-Trade ₹95.64 Cr ₹71.73 Cr ₹58.5 Cr ₹9.47 Cr ₹6.53 Cr
Changes in Inventories -₹6.4 Cr -₹9.31 Cr -₹9.9 Cr -₹11.89 Cr -₹58 Lakh
Employee Benefit Expense ₹117.57 Cr ₹110.61 Cr ₹48.66 Cr ₹37.7 Cr ₹42.64 Cr
Finance Costs ₹2.2 Cr ₹4.54 Cr ₹3.72 Cr ₹6.41 Cr ₹8.61 Cr
Depreciation & Amortisation ₹19.47 Cr ₹18.22 Cr ₹10.9 Cr ₹11.17 Cr ₹10.75 Cr
Other Expenses ₹192.46 Cr ₹184.86 Cr ₹84.6 Cr ₹66.1 Cr ₹74.72 Cr
Total Expenses ₹1,040.42 Cr ₹1,043.51 Cr ₹617.73 Cr ₹445.16 Cr ₹502.93 Cr
Profit Before Exceptional Items & Tax ₹117.75 Cr ₹97.97 Cr ₹49.23 Cr ₹9.91 Cr ₹33.72 Cr
Exceptional Items -₹2.75 Cr -₹11.39 Cr ₹8.98 Cr -₹23.97 Cr ₹0
Profit Before Tax ₹115 Cr ₹86.58 Cr ₹58.21 Cr -₹14.06 Cr ₹33.72 Cr
Total Tax Expense ₹33.02 Cr ₹26.53 Cr ₹13.05 Cr -₹3.68 Cr ₹4.95 Cr
Net Profit ₹81.98 Cr ₹60.05 Cr ₹45.16 Cr -₹10.38 Cr ₹28.77 Cr
  attributable to Owners ₹81.98 Cr ₹60.05 Cr ₹0 ₹0 ₹0
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income -₹52 Lakh -₹79 Lakh -₹61 Lakh ₹52 Lakh -₹1.47 Cr
Total Comprehensive Income ₹81.46 Cr ₹59.26 Cr ₹44.55 Cr -₹9.86 Cr ₹27.3 Cr
EBITDA (computed) ₹139.42 Cr ₹120.73 Cr ₹63.85 Cr ₹27.49 Cr ₹53.08 Cr
Basic EPS ₹47.11 ₹34.51 ₹33.21 ₹-7.63 ₹21.15
Diluted EPS ₹47.06 ₹34.51 ₹33.21 ₹-7.63 ₹21.15
Metrics FY 2026 FY 2025
Total Assets ₹831.83 Cr ₹693.93 Cr
Non-current Assets ₹289.63 Cr ₹250.12 Cr
Current Assets ₹542.2 Cr ₹443.81 Cr
Property, Plant & Equipment ₹193.28 Cr ₹185.98 Cr
Inventories ₹151.87 Cr ₹126.74 Cr
Trade Receivables ₹231.97 Cr ₹192.66 Cr
Cash & Equivalents ₹42.31 Cr ₹30.28 Cr
Equity (Net Worth) ₹554.45 Cr ₹507.09 Cr
Equity Share Capital ₹17.4 Cr ₹17.4 Cr
Borrowings (Non-current) ₹58 Lakh ₹84 Lakh
Borrowings (Current) ₹27 Lakh ₹25 Lakh
Total Debt (computed) ₹85 Lakh ₹1.09 Cr
Current Liabilities ₹253.39 Cr ₹173.52 Cr
Total Liabilities ₹277.38 Cr ₹186.84 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2022
Operating Cash Flow ₹115.87 Cr ₹137.11 Cr ₹26.39 Cr
Investing Cash Flow -₹65.94 Cr -₹17.37 Cr -₹5.45 Cr
Financing Cash Flow -₹37.9 Cr -₹93.5 Cr -₹31.37 Cr
Capital Expenditure ₹22.17 Cr ₹41.27 Cr ₹17.33 Cr
Free Cash Flow (computed) ₹93.7 Cr ₹95.84 Cr ₹9.06 Cr
Dividends Paid ₹34.81 Cr ₹46.16 Cr ₹0
Net Change in Cash ₹12.03 Cr ₹26.24 Cr -₹10.43 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22 Q3 FY22
Revenue from Operations ₹318.97 Cr ₹288.12 Cr ₹281.09 Cr ₹251.84 Cr ₹310.02 Cr ₹273.96 Cr ₹269.24 Cr ₹198.53 Cr ₹184.87 Cr ₹157.88 Cr ₹199.81 Cr ₹174.28 Cr
Other Income ₹5.39 Cr ₹11.94 Cr ₹4.32 Cr ₹4.96 Cr ₹5.05 Cr ₹3.72 Cr ₹5.1 Cr ₹1.84 Cr ₹1.56 Cr ₹2.03 Cr ₹1.44 Cr ₹1.21 Cr
Total Income ₹324.36 Cr ₹300.06 Cr ₹285.41 Cr ₹256.8 Cr ₹315.07 Cr ₹277.68 Cr ₹274.34 Cr ₹200.37 Cr ₹186.43 Cr ₹159.91 Cr ₹201.25 Cr ₹175.49 Cr
Cost of Materials Consumed ₹181.13 Cr ₹149.55 Cr ₹137.77 Cr ₹151.03 Cr ₹173.3 Cr ₹139.42 Cr ₹163.39 Cr ₹138.27 Cr ₹112.82 Cr ₹115.45 Cr ₹106.02 Cr ₹114.16 Cr
Purchases of Stock-in-Trade ₹20.53 Cr ₹22.99 Cr ₹13.58 Cr ₹38.54 Cr ₹21.62 Cr ₹15.26 Cr ₹18.22 Cr ₹6.85 Cr ₹7.21 Cr ₹6.53 Cr ₹20.1 Cr ₹21.68 Cr
Changes in Inventories ₹1.93 Cr ₹6.07 Cr ₹21.34 Cr -₹35.74 Cr ₹9.03 Cr ₹21.46 Cr -₹6.06 Cr -₹12.9 Cr ₹10.27 Cr -₹17.67 Cr ₹15.74 Cr -₹14.28 Cr
Employee Benefit Expense ₹28.96 Cr ₹30.36 Cr ₹29 Cr ₹29.25 Cr ₹25.51 Cr ₹28.43 Cr ₹29.14 Cr ₹14.19 Cr ₹14.06 Cr ₹13.64 Cr ₹12.01 Cr ₹13.21 Cr
Finance Costs ₹40 Lakh ₹33 Lakh ₹63 Lakh ₹84 Lakh ₹87 Lakh ₹1.07 Cr ₹1.37 Cr ₹76 Lakh ₹50 Lakh ₹41 Lakh ₹74 Lakh ₹90 Lakh
Depreciation & Amortisation ₹4.98 Cr ₹4.96 Cr ₹4.77 Cr ₹4.76 Cr ₹4.75 Cr ₹4.63 Cr ₹4.5 Cr ₹2.91 Cr ₹2.87 Cr ₹2.78 Cr ₹2.83 Cr ₹2.68 Cr
Other Expenses ₹39.24 Cr ₹43.85 Cr ₹44.65 Cr ₹73.16 Cr ₹49.51 Cr ₹46.13 Cr ₹44.43 Cr ₹28.09 Cr ₹25.36 Cr ₹23.67 Cr ₹28.27 Cr ₹23.1 Cr
Total Expenses ₹277.17 Cr ₹258.11 Cr ₹251.74 Cr ₹261.84 Cr ₹284.59 Cr ₹256.4 Cr ₹254.99 Cr ₹178.17 Cr ₹173.09 Cr ₹144.81 Cr ₹185.71 Cr ₹161.45 Cr
Profit Before Exceptional Items & Tax ₹47.19 Cr ₹41.95 Cr ₹33.67 Cr -₹5.04 Cr ₹30.48 Cr ₹21.28 Cr ₹19.35 Cr ₹22.2 Cr ₹13.34 Cr ₹15.1 Cr ₹15.54 Cr ₹14.04 Cr
Exceptional Items ₹3.15 Cr -₹5.9 Cr ₹0 ₹0 -₹1.38 Cr ₹0 -₹10.01 Cr -₹21 Lakh ₹0 -₹1.25 Cr ₹1.67 Cr ₹16 Lakh
Profit Before Tax ₹50.34 Cr ₹36.05 Cr ₹33.67 Cr -₹5.04 Cr ₹29.1 Cr ₹21.28 Cr ₹9.34 Cr ₹21.99 Cr ₹13.34 Cr ₹13.85 Cr ₹17.21 Cr ₹14.2 Cr
Total Tax Expense ₹16.12 Cr ₹9.33 Cr ₹8.66 Cr -₹1.09 Cr ₹11.01 Cr ₹5.87 Cr ₹2.64 Cr ₹5.63 Cr ₹3.36 Cr ₹3.44 Cr ₹4.02 Cr ₹3.62 Cr
Net Profit ₹34.22 Cr ₹26.72 Cr ₹25.01 Cr -₹3.95 Cr ₹18.09 Cr ₹15.41 Cr ₹6.7 Cr ₹16.36 Cr ₹9.98 Cr ₹10.41 Cr ₹13.19 Cr ₹10.58 Cr
  attributable to Owners ₹34.22 Cr ₹0 ₹25.01 Cr ₹0 ₹18.09 Cr - - ₹0 - ₹0 ₹0 -
  attributable to NCI ₹0 ₹0 - ₹0 ₹0 - - ₹0 - ₹0 ₹0 -
Other Comprehensive Income ₹30 Lakh ₹0 -₹82 Lakh ₹0 ₹12 Lakh ₹0 -₹91 Lakh ₹0 -₹58 Lakh ₹0 ₹17 Lakh ₹0
Total Comprehensive Income ₹34.52 Cr ₹26.72 Cr ₹24.19 Cr -₹3.95 Cr ₹18.21 Cr ₹15.41 Cr ₹5.79 Cr ₹16.36 Cr ₹9.4 Cr ₹10.41 Cr ₹13.36 Cr ₹10.58 Cr
EBITDA (computed) ₹52.57 Cr ₹47.24 Cr ₹39.07 Cr ₹56 Lakh ₹36.1 Cr ₹26.98 Cr ₹25.22 Cr ₹25.87 Cr ₹16.71 Cr ₹18.29 Cr ₹19.11 Cr ₹17.62 Cr
Basic EPS ₹19.65 ₹15.35 ₹14.37 ₹-2.27 ₹10.40 ₹8.86 ₹4.92 ₹12.03 ₹7.34 ₹7.65 ₹9.70 ₹7.78
Diluted EPS ₹19.62 ₹15.33 ₹14.37 ₹-2.27 ₹10.40 ₹8.86 ₹3.85 ₹12.03 ₹7.34 ₹7.65 ₹9.70 ₹7.78
Latest 12 quarters shown of 19 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Welding ₹305.66 Cr ₹49.63 Cr ₹569.88 Cr ₹207.53 Cr
Flares and Process equipment ₹12.33 Cr ₹5.72 Cr ₹60.09 Cr ₹50.86 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Welding ₹1,078.88 Cr ₹162.23 Cr - -
Flares and Process equipment ₹56.71 Cr -₹23.29 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹1,135.45 Cr ₹1,116.83 Cr ₹883.83 Cr ₹776.76 Cr ₹661.48 Cr ₹447.28 Cr ₹525.74 Cr
Other Income ₹19.64 Cr ₹20.23 Cr ₹13.07 Cr ₹6.67 Cr ₹5.41 Cr ₹7.31 Cr ₹10.16 Cr
Total Income ₹1,155.09 Cr ₹1,137.06 Cr ₹896.9 Cr ₹783.43 Cr ₹666.89 Cr ₹454.59 Cr ₹535.9 Cr
Cost of Materials Consumed ₹618.09 Cr ₹660.79 Cr ₹547.35 Cr ₹510.65 Cr ₹421.25 Cr ₹326.2 Cr ₹360.26 Cr
Purchases of Stock-in-Trade ₹95.62 Cr ₹71.71 Cr ₹29.96 Cr ₹26.43 Cr ₹58.5 Cr ₹9.47 Cr ₹6.53 Cr
Changes in Inventories -₹6.4 Cr -₹9.31 Cr ₹14.93 Cr -₹13.96 Cr -₹9.9 Cr -₹11.89 Cr -₹58 Lakh
Employee Benefit Expense ₹115.74 Cr ₹108.09 Cr ₹72.63 Cr ₹56.85 Cr ₹48.65 Cr ₹37.56 Cr ₹42.51 Cr
Finance Costs ₹2.2 Cr ₹4.52 Cr ₹4.02 Cr ₹2.36 Cr ₹3.72 Cr ₹6.41 Cr ₹8.61 Cr
Depreciation & Amortisation ₹19.3 Cr ₹17.9 Cr ₹13.42 Cr ₹11.61 Cr ₹10.83 Cr ₹11.1 Cr ₹10.68 Cr
Other Expenses ₹190.94 Cr ₹181.72 Cr ₹129.04 Cr ₹109.58 Cr ₹84.59 Cr ₹66.05 Cr ₹74.63 Cr
Total Expenses ₹1,035.49 Cr ₹1,035.42 Cr ₹811.35 Cr ₹703.52 Cr ₹617.64 Cr ₹444.9 Cr ₹502.64 Cr
Profit Before Exceptional Items & Tax ₹119.6 Cr ₹101.64 Cr ₹85.55 Cr ₹79.91 Cr ₹49.25 Cr ₹9.69 Cr ₹33.26 Cr
Exceptional Items -₹8.31 Cr -₹43.1 Cr ₹0 -₹80 Lakh ₹8.98 Cr -₹25.37 Cr ₹0
Profit Before Tax ₹111.29 Cr ₹58.54 Cr ₹85.55 Cr ₹79.11 Cr ₹58.23 Cr -₹15.68 Cr ₹33.26 Cr
Total Tax Expense ₹28.49 Cr ₹15.08 Cr ₹22.36 Cr ₹19.82 Cr ₹13.04 Cr -₹3.69 Cr ₹4.99 Cr
Net Profit ₹82.8 Cr ₹43.46 Cr ₹63.19 Cr ₹59.29 Cr ₹45.19 Cr -₹11.99 Cr ₹28.27 Cr
Other Comprehensive Income -₹56 Lakh -₹82 Lakh -₹52 Lakh -₹68 Lakh -₹61 Lakh ₹52 Lakh -₹1.47 Cr
Total Comprehensive Income ₹82.24 Cr ₹42.64 Cr ₹62.67 Cr ₹58.61 Cr ₹44.58 Cr -₹11.47 Cr ₹26.8 Cr
EBITDA (computed) ₹141.1 Cr ₹124.06 Cr ₹102.99 Cr ₹93.88 Cr ₹63.8 Cr ₹27.2 Cr ₹52.55 Cr
Basic EPS ₹47.58 ₹24.98 ₹46.46 ₹43.60 ₹33.23 ₹-8.82 ₹20.79
Diluted EPS ₹47.53 ₹24.98 ₹46.46 ₹43.60 ₹9.71 ₹-8.82 ₹20.79
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹838.08 Cr ₹698.21 Cr ₹520.61 Cr ₹451.68 Cr
Non-current Assets ₹298.4 Cr ₹254.15 Cr ₹198.05 Cr ₹167.97 Cr
Current Assets ₹539.68 Cr ₹444.06 Cr ₹322.31 Cr ₹282.91 Cr
Property, Plant & Equipment ₹192.76 Cr ₹185.34 Cr ₹116.08 Cr ₹112.22 Cr
Inventories ₹151.62 Cr ₹126.32 Cr ₹122.38 Cr ₹116.21 Cr
Trade Receivables ₹231.85 Cr ₹192.35 Cr ₹150.45 Cr ₹125.17 Cr
Cash & Equivalents ₹42.26 Cr ₹30.11 Cr ₹1.83 Cr ₹5.95 Cr
Equity (Net Worth) ₹563.87 Cr ₹515.7 Cr ₹362.38 Cr ₹323.51 Cr
Equity Share Capital ₹17.4 Cr ₹17.4 Cr ₹13.6 Cr ₹13.6 Cr
Borrowings (Non-current) ₹58 Lakh ₹84 Lakh ₹60 Lakh ₹73 Lakh
Borrowings (Current) ₹27 Lakh ₹25 Lakh ₹41.91 Cr ₹15.13 Cr
Total Debt (computed) ₹85 Lakh ₹1.09 Cr ₹42.51 Cr ₹15.86 Cr
Current Liabilities ₹251.62 Cr ₹171.22 Cr ₹149.01 Cr ₹120.23 Cr
Total Liabilities ₹274.21 Cr ₹182.51 Cr ₹158.23 Cr ₹128.17 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹116.73 Cr ₹139.14 Cr ₹34.5 Cr ₹13.67 Cr ₹26.33 Cr
Investing Cash Flow -₹66.68 Cr -₹19.35 Cr -₹36.89 Cr -₹9.66 Cr -₹5.46 Cr
Financing Cash Flow -₹37.9 Cr -₹93.36 Cr -₹1.73 Cr -₹4.67 Cr -₹31.37 Cr
Capital Expenditure ₹22.16 Cr ₹41.23 Cr ₹41.69 Cr ₹14.75 Cr ₹17.33 Cr
Free Cash Flow (computed) ₹94.57 Cr ₹97.91 Cr -₹7.19 Cr -₹1.08 Cr ₹9 Cr
Dividends Paid ₹34.81 Cr ₹46.16 Cr ₹23.8 Cr ₹17 Cr ₹0
Net Change in Cash ₹12.15 Cr ₹26.43 Cr -₹4.12 Cr -₹66 Lakh -₹10.5 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹317.96 Cr ₹286.95 Cr ₹280 Cr ₹250.54 Cr ₹307.99 Cr ₹272.93 Cr ₹267.76 Cr ₹229.76 Cr ₹246.7 Cr ₹221.54 Cr ₹225.96 Cr ₹189.63 Cr
Other Income ₹5.62 Cr ₹12.36 Cr ₹4.73 Cr ₹5.37 Cr ₹5.29 Cr ₹4.14 Cr ₹5.48 Cr ₹4.09 Cr ₹4.09 Cr ₹2.85 Cr ₹3.11 Cr ₹3.02 Cr
Total Income ₹323.58 Cr ₹299.31 Cr ₹284.73 Cr ₹255.91 Cr ₹313.28 Cr ₹277.07 Cr ₹273.24 Cr ₹233.85 Cr ₹250.79 Cr ₹224.39 Cr ₹229.07 Cr ₹192.65 Cr
Cost of Materials Consumed ₹180.92 Cr ₹149.27 Cr ₹137.31 Cr ₹150.59 Cr ₹172.78 Cr ₹138.96 Cr ₹162.76 Cr ₹179.57 Cr ₹138.96 Cr ₹154.64 Cr ₹126.47 Cr ₹127.28 Cr
Purchases of Stock-in-Trade ₹20.51 Cr ₹22.99 Cr ₹13.58 Cr ₹38.54 Cr ₹21.6 Cr ₹15.26 Cr ₹18.22 Cr ₹5.24 Cr ₹3.55 Cr ₹6.33 Cr ₹5.56 Cr ₹14.52 Cr
Changes in Inventories ₹1.93 Cr ₹6.07 Cr ₹21.34 Cr -₹35.74 Cr ₹9.04 Cr ₹21.46 Cr -₹6.06 Cr -₹33.18 Cr ₹22.25 Cr -₹13.28 Cr ₹17.86 Cr -₹11.9 Cr
Employee Benefit Expense ₹28.48 Cr ₹29.89 Cr ₹28.6 Cr ₹28.77 Cr ₹24.9 Cr ₹27.8 Cr ₹28.43 Cr ₹20.21 Cr ₹19.04 Cr ₹18.71 Cr ₹17.87 Cr ₹17.01 Cr
Finance Costs ₹40 Lakh ₹33 Lakh ₹63 Lakh ₹84 Lakh ₹86 Lakh ₹1.07 Cr ₹1.36 Cr ₹1.22 Cr ₹1.33 Cr ₹1.09 Cr ₹89 Lakh ₹71 Lakh
Depreciation & Amortisation ₹4.95 Cr ₹4.91 Cr ₹4.74 Cr ₹4.7 Cr ₹4.63 Cr ₹4.56 Cr ₹4.44 Cr ₹3.77 Cr ₹3.39 Cr ₹3.35 Cr ₹3.34 Cr ₹3.34 Cr
Other Expenses ₹38.85 Cr ₹43.52 Cr ₹44.25 Cr ₹72.76 Cr ₹48.56 Cr ₹45.28 Cr ₹43.8 Cr ₹36.67 Cr ₹37.18 Cr ₹34.31 Cr ₹30.9 Cr ₹26.65 Cr
Total Expenses ₹276.04 Cr ₹256.98 Cr ₹250.45 Cr ₹260.46 Cr ₹282.37 Cr ₹254.39 Cr ₹252.95 Cr ₹213.5 Cr ₹225.7 Cr ₹205.15 Cr ₹202.89 Cr ₹177.61 Cr
Profit Before Exceptional Items & Tax ₹47.54 Cr ₹42.33 Cr ₹34.28 Cr -₹4.55 Cr ₹30.91 Cr ₹22.68 Cr ₹20.29 Cr ₹20.35 Cr ₹25.09 Cr ₹19.24 Cr ₹26.18 Cr ₹15.04 Cr
Exceptional Items -₹2.41 Cr -₹5.9 Cr ₹0 ₹0 -₹1.38 Cr ₹0 -₹41.72 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹45.13 Cr ₹36.43 Cr ₹34.28 Cr -₹4.55 Cr ₹29.53 Cr ₹22.68 Cr -₹21.43 Cr ₹20.35 Cr ₹25.09 Cr ₹19.24 Cr ₹26.18 Cr ₹15.04 Cr
Total Tax Expense ₹11.59 Cr ₹9.33 Cr ₹8.66 Cr -₹1.09 Cr ₹7.54 Cr ₹5.87 Cr -₹5.34 Cr ₹5.21 Cr ₹6.42 Cr ₹5.54 Cr ₹6.6 Cr ₹3.8 Cr
Net Profit ₹33.54 Cr ₹27.1 Cr ₹25.62 Cr -₹3.46 Cr ₹21.99 Cr ₹16.81 Cr -₹16.09 Cr ₹15.14 Cr ₹18.67 Cr ₹13.7 Cr ₹19.58 Cr ₹11.24 Cr
Other Comprehensive Income ₹26 Lakh ₹0 -₹82 Lakh ₹0 ₹9 Lakh ₹0 -₹91 Lakh ₹0 ₹16 Lakh ₹0 -₹68 Lakh ₹0
Total Comprehensive Income ₹33.8 Cr ₹27.1 Cr ₹24.8 Cr -₹3.46 Cr ₹22.08 Cr ₹16.81 Cr -₹17 Cr ₹15.14 Cr ₹18.83 Cr ₹13.7 Cr ₹18.9 Cr ₹11.24 Cr
EBITDA (computed) ₹52.89 Cr ₹47.57 Cr ₹39.65 Cr ₹99 Lakh ₹36.4 Cr ₹28.31 Cr ₹26.09 Cr ₹25.34 Cr ₹29.81 Cr ₹23.68 Cr ₹30.41 Cr ₹19.09 Cr
Basic EPS ₹19.27 ₹15.57 ₹14.72 ₹-1.99 ₹12.64 ₹9.67 ₹-11.84 ₹11.13 ₹13.73 ₹10.07 ₹14.40 ₹8.26
Diluted EPS ₹19.24 ₹15.55 ₹14.72 ₹-1.99 ₹12.64 ₹9.67 ₹-11.84 ₹11.13 ₹13.73 ₹10.07 ₹14.40 ₹8.26
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Welding ₹305.67 Cr ₹49.63 Cr ₹569.88 Cr ₹207.53 Cr
Flares & Process Equipment ₹12.33 Cr ₹5.72 Cr ₹60.09 Cr ₹50.86 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Welding ₹1,078.88 Cr ₹162.23 Cr - -
Flares & Process Equipment ₹56.71 Cr -₹23.29 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Ador Welding Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Ador Welding Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 53.76%, foreign institutional investors hold 0.37%, domestic institutional investors hold 12.63%, retail and other public shareholders hold 33.24% of Ador Welding Limited. The company had 35,567 shareholders on record.

Promoters: 53.76%DII (Domestic Institutional): 12.63%FII (Foreign Institutional): 0.37%Retail & Others: 33.24%
Mar 2026
QUARTER
53.76% Promoters
12.63% DII (Domestic Institutional)
0.37% FII (Foreign Institutional)
33.24% Retail & Others
Promoter holding - history
Now 53.76% · Mar 2026High 56.94% · Jun 2024Low 53.18% · Oct 2024
52%53.5%55%56.5%58%Dec 2015Jun 2018Dec 2020Jun 2023Sep 2025Dec 2015: 56.69%Mar 2016: 56.69%Jun 2016: 56.69%Sep 2016: 56.69%Dec 2016: 56.69%Mar 2017: 56.69%Jun 2017: 56.69%Sep 2017: 56.69%Dec 2017: 56.69%Mar 2018: 56.69%Jun 2018: 56.70%Sep 2018: 56.70%Dec 2018: 56.70%Mar 2019: 56.70%Jun 2019: 56.71%Sep 2019: 56.71%Dec 2019: 56.69%Mar 2020: 56.75%Jun 2020: 56.75%Sep 2020: 56.75%Dec 2020: 56.85%Mar 2021: 56.89%Jun 2021: 56.90%Sep 2021: 56.90%Dec 2021: 56.90%Mar 2022: 56.90%Jun 2022: 56.90%Sep 2022: 56.90%Dec 2022: 56.90%Mar 2023: 56.90%Jun 2023: 56.90%Sep 2023: 56.90%Dec 2023: 56.90%Mar 2024: 56.90%Jun 2024: 56.94%Sep 2024: 56.94%Oct 2024: 53.18%Dec 2024: 53.24%Mar 2025: 53.70%Jun 2025: 53.70%Sep 2025: 53.72%Dec 2025: 53.73%Mar 2026: 53.76%56.94%53.18%53.76%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters53.76%53.73%53.72%53.70%53.70%53.24%
Public46.24%46.27%46.28%46.30%46.30%46.76%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters53.76%53.70%56.90%56.90%56.90%56.89%56.75%56.70%56.69%56.69%56.69%
Public46.24%46.30%43.10%43.10%43.10%43.11%43.25%43.30%43.31%43.31%43.31%
Promoter change (YoY, %pts)+0.06-3.20+0.00+0.00+0.01+0.14+0.05+0.01+0.00+0.00-

Board & Governance of Ador Welding Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Ador Welding Limited has 10 directors - 5 independent and 2 executive. The board is chaired by Ninotchka Malkani Nagpal.

DirectorPositionOn board sinceListed boards
Ninotchka Malkani Nagpal Executive Director · Chairperson 2019-11-19 1
Aditya T. Malkani Executive Director · MD 2020-09-14 2
Deep A. Lalvani Non-Executive - Non Independent Director 2019-11-19 1
Ravin A. Mirchandani Non-Executive - Non Independent Director 2006-07-28 1
Tanya H. Advani Non-Executive - Non Independent Director 2019-11-19 1
Santosh J. Iyer Non-Executive - Independent Director 2024-07-28 3
Jitendra H. Panjabi Non-Executive - Independent Director 2024-07-28 2
Nita Dempo Mirchandani Non-Executive - Independent Director 2020-04-01 1
Navroze S. Marshall Non-Executive - Independent Director 2022-05-21 3
Mihir Jayaraman Non-Executive - Independent Director 2024-11-09 1
Board Committees
CommitteeMembers
Audit Committee Navroze S. Marshall (Chairperson), Jitendra H. Panjabi, Ravin A. Mirchandani, Santosh J. Iyer
Nomination and remuneration committee Nita Dempo Mirchandani (Chairperson), Deep A. Lalvani, Navroze S. Marshall
Stakeholders Relationship Committee Nita Dempo Mirchandani (Chairperson), Deep A. Lalvani, Tanya H. Advani
Risk Management Committee Jitendra H. Panjabi (Chairperson), Ninotchka Malkani Nagpal, Surya Kant Sethia
Corporate Social Responsibility Committee Deep A. Lalvani (Chairperson), Ninotchka Malkani Nagpal, Nita Dempo Mirchandani

Charges & Borrowings of Ador Welding Limited

Open charges
₹183.59 Cr
Satisfied charges
₹277.59 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹112.62 Cr
Others₹70.98 Cr
Latest charge details
DateLenderAmountStatus
05 Sep 2023 Others ₹70 Cr Open
07 Sep 2022 Others ₹27.5 Lakh Open
10 Jan 2022 Others ₹70 Lakh Open
07 Jan 2016 Hdfc Bank Limited ₹10 Lakh Open
29 Oct 2015 Hdfc Bank Limited ₹1.73 Lakh Open

Total charge records: 76 View all charges

Employees and EPFO Compliance at Ador Welding Limited

Ador Welding Limited has a workforce of 646 employees as of Mar 27, 2024.

Employee count
646
Active EPFO establishments
4
Employee growth
6.6%
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Employee and EPFO history for Ador Welding Limited

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GST Compliance of Ador Welding Limited

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Credit Ratings, Litigation & Regulatory Alerts for Ador Welding Limited

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MSME Payment Delays by Ador Welding Limited

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MSME payment history for Ador Welding Limited

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Subsidiaries & Group Companies of Ador Welding Limited

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Corporate group structure for Ador Welding Limited

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MCA Filings & Documents of Ador Welding Limited

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Recent Activity on Ador Welding Limited

Activity
15 Jul 2025
Ador Welding Limited last Annual general meeting of members was held on 15 Jul 2025 as per latest MCA records.
Activity
31 Mar 2025
Ador Welding Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Directors
09 Nov 2024
Mihir Jayaraman was appointed as a Director on 09 Nov 2024 & has been associated with this company since 1 year 9 months.
Charges
21 Oct 2024
A charge registered on 23 Sep 2014 via Charge ID 10532829 with Hdfc Bank Limited was fully satisfied on 21 Oct 2024.
Directors
28 Jul 2024
Jitendra Hiru Panjabi was appointed as a Director on 28 Jul 2024 & has been associated with this company since 2 years 24 days.
Directors
28 Jul 2024
Santosh Janakiram Iyer was appointed as a Director on 28 Jul 2024 & has been associated with this company since 2 years 24 days.

Recent News on Ador Welding Limited

Frequently Asked Questions about Ador Welding Limited

Ador Welding Limited is an active public limited company in the machinery and equipment sector based in Mumbai, Maharashtra, India. It was incorporated on 22 October 1951 (75+ years old) and is registered under CIN L70100MH1951PLC008647. Listed on BSE: 517041 and NSE: ADORWELD. The company has 646 employees.

Ador Welding Limited reported revenue of ₹1,140.01 Cr for FY 2026 (up 1.54% YoY) based on consolidated NSE filings.

The current directors of Ador Welding Limited are:

The primary industry of Ador Welding Limited is machinery and equipment. The company specifically operates in industrial tools and components. The company is currently active in this sector.

Yes. Ador Welding Limited is listed on both BSE (code: 517041) and NSE (symbol: ADORWELD).

Ador Welding Limited can be reached at the registered office: Ador House 6 K. Dubash Marg Fort, Mumbai, Maharashtra, India – 400001, or through the website adorwelding.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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