About Ador Welding Limited
Data last updated: 16 February 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 Ninotchka Malkani Nagpal and Navroze Shiamak Marshall.
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 the financials filed for FY 2025, the company reported a revenue of ₹1,141.48 Cr, a growth of 4% compared to the previous year.
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.
-
Email*****@*****.com
-
Telephone+91-****-******
-
Website
-
Social Media
-
Registered AddressAdor House 6 K. Dubash Marg Fort, Mumbai, Maharashtra, India – 400001
-
IndustryMachinery and Equipment, Industrial Tools & Components
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 |
|---|---|---|
| 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 | ********* |
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | ********* |
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 12 directors, with 29 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ninotchka Malkani Nagpal | Whole-Time Director | 03 Oct 1997 | 28 Years 9 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 1 Months | Current |
|
Deep Ashda Lalvani
Also directs:
J B Advani And Company Private Limited, Ador Foundation, Ador Powertron Limited and 4 more
|
Director | 27 Jul 2007 | 18 Years 11 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 3 Months | Current |
|
Tanya Halina Advani
Also directs:
J B Advani And Company Private Limited, Ador Foundation, Ador Powertron Limited and 1 more
|
Director | 19 Nov 2019 | 6 Years 7 Months | Current |
| Jitendra Hiru Panjabi | Director | 28 Jul 2024 | 1 Years 11 Months | Current |
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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | - | - |
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.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 53.76% | 53.73% | 53.72% | 53.70% | 53.70% | 53.24% |
| Public | 46.24% | 46.27% | 46.28% | 46.30% | 46.30% | 46.76% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 53.76% | 53.70% | 56.90% | 56.90% | 56.90% | 56.89% | 56.75% | 56.70% | 56.69% | 56.69% | 56.69% |
| Public | 46.24% | 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.
| Director | Position | On board since | Listed 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 |
| Committee | Members |
|---|---|
| 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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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 & EPFO Data of Ador Welding Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Ador Welding Limited
GSTIN & GST Filing Data of Ador Welding Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for Ador Welding Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Ador Welding Limited
Access complete credit rating history, litigation records, regulatory alerts, and compliance data.
MSME Payment Delays by Ador Welding Limited
MSME Payment Delays by Ador Welding Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Ador Welding Limited
Subsidiaries & Group Companies of Ador Welding Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Ador Welding Limited with ownership details.
MCA Filings & Documents of Ador Welding Limited
MCA Filings & Documents of Ador Welding Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity 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 ₹1,141.48 Cr for FY 2025 (up 4.00% YoY).
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.