Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ador Welding Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 235 | 190 | 276 | 260 | 296 | 268 | 268 | 273 | 308 | 251 | 280 | 287 | 318 |
| Expenses + | 204 | 174 | 239 | 232 | 263 | 240 | 247 | 249 | 277 | 255 | 245 | 243 | 271 |
| Operating Profit | 32 | 16 | 36 | 28 | 33 | 28 | 21 | 24 | 31 | -4 | 35 | 44 | 47 |
| OPM % | 14% | 8% | 13% | 11% | 11% | 10% | 8% | 9% | 10% | -2% | 12% | 15% | 15% |
| Other Income + | 2 | 3 | 4 | 5 | 7 | 6 | -36 | 4 | 4 | 5 | 5 | -2 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 30 | 15 | 36 | 28 | 34 | 28 | -21 | 23 | 30 | -5 | 34 | 36 | 45 |
| Tax % | 25% | 25% | 25% | 28% | 26% | 25% | -25% | 26% | 26% | -24% | 25% | 26% | 26% |
| Net Profit + | 23 | 11 | 27 | 20 | 25 | 21 | -16 | 17 | 22 | -3 | 26 | 27 | 34 |
| EPS in Rs | 16.58 | 8.27 | 19.62 | 14.68 | 18.72 | 15.27 | -11.83 | 9.66 | 12.64 | -1.99 | 14.72 | 15.57 | 19.27 |
Financials of Ador Welding Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 387 | 407 | 441 | 458 | 512 | 526 | 447 | 661 | 777 | 1,067 | 1,117 | 1,135 |
| Expenses + | 358 | 365 | 410 | 423 | 468 | 484 | 425 | 601 | 688 | 946 | 1,011 | 1,014 |
| Operating Profit | 28 | 42 | 31 | 35 | 45 | 42 | 22 | 61 | 89 | 121 | 105 | 121 |
| OPM % | 7% | 10% | 7% | 8% | 9% | 8% | 5% | 9% | 11% | 11% | 9% | 11% |
| Other Income + | 34 | 3 | 9 | 10 | 10 | 9 | -19 | 14 | 6 | 21 | -23 | 11 |
| Interest | 1 | 2 | 2 | 6 | 11 | 10 | 8 | 6 | 4 | 6 | 6 | 2 |
| Depreciation | 12 | 12 | 11 | 10 | 10 | 11 | 11 | 11 | 12 | 15 | 18 | 19 |
| Profit before tax | 48 | 32 | 27 | 28 | 35 | 30 | -16 | 58 | 79 | 121 | 59 | 111 |
| Tax % | 33% | 29% | 33% | 34% | 31% | 15% | -24% | 23% | 25% | 26% | 26% | 26% |
| Net Profit + | 32 | 23 | 18 | 19 | 24 | 26 | -12 | 45 | 59 | 89 | 43 | 83 |
| EPS in Rs | 23.80 | 16.66 | 13.32 | 13.65 | 17.54 | 18.84 | -8.82 | 33.11 | 43.60 | 65.71 | 24.97 | 47.58 |
| Dividend Payout % | 21% | 30% | 38% | 37% | 37% | 34% | 0% | 38% | 40% | 37% | 80% | 48% |
Financials of Ador Welding Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 17 | 17 |
| Reserves | 190 | 205 | 224 | 234 | 250 | 235 | 224 | 268 | 310 | 485 | 498 | 546 |
| Borrowings + | 0 | 0 | 35 | 81 | 65 | 82 | 29 | 2 | 17 | 45 | 2 | 3 |
| Other Liabilities + | 82 | 118 | 107 | 102 | 103 | 108 | 108 | 109 | 111 | 158 | 180 | 271 |
| Total Liabilities | 286 | 337 | 380 | 430 | 431 | 439 | 375 | 393 | 452 | 701 | 698 | 838 |
| Fixed Assets + | 96 | 99 | 101 | 102 | 115 | 125 | 116 | 117 | 123 | 156 | 196 | 204 |
| CWIP | 2 | 1 | 4 | 1 | 1 | 0 | 3 | 7 | 2 | 25 | 4 | 3 |
| Investments | 7 | 12 | 14 | 6 | 7 | 6 | 12 | 20 | 20 | 56 | 32 | 47 |
| Other Assets + | 182 | 224 | 261 | 322 | 308 | 308 | 244 | 248 | 306 | 463 | 466 | 584 |
| Total Assets | 286 | 337 | 380 | 430 | 431 | 439 | 375 | 393 | 452 | 701 | 698 | 838 |
Financials of Ador Welding Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1 | 22 | 0 | -37 | 63 | 13 | 79 | 26 | 14 | 58 | 139 | 117 |
| Cash from Investing Activity + | -8 | -4 | -11 | 0 | -19 | -21 | -7 | -5 | -10 | -42 | -19 | -67 |
| Cash from Financing Activity + | -9 | -9 | 19 | 33 | -33 | -13 | -61 | -31 | -5 | -19 | -93 | -38 |
| Net Cash Flow | -17 | 10 | 7 | -4 | 11 | -22 | 12 | -10 | -1 | -4 | 26 | 12 |
| Free Cash Flow | -5 | 8 | -16 | -46 | 44 | -9 | 71 | 28 | 0 | 16 | 100 | 95 |
| CFO/OP | 21% | 81% | 33% | -78% | 164% | 58% | 348% | 67% | 36% | 75% | 154% | 124% |
Financials of Ador Welding Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 79 | 107 | 63 | 73 | 60 | 90 | 86 | 51 | 59 | 61 | 63 | 75 |
| Inventory Days | 59 | 58 | 56 | 60 | 52 | 62 | 70 | 70 | 81 | 77 | 64 | 78 |
| Days Payable | 56 | 106 | 85 | 84 | 67 | 72 | 87 | 60 | 51 | 45 | 62 | 100 |
| Cash Conversion Cycle | 81 | 60 | 34 | 50 | 45 | 80 | 69 | 61 | 89 | 93 | 64 | 53 |
| Working Capital Days | 61 | 68 | 64 | 81 | 66 | 56 | 42 | 54 | 65 | 61 | 60 | 63 |
| ROCE % | 11% | 17% | 12% | 11% | 14% | 12% | 6% | 20% | 27% | 28% | 20% | 22% |
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