Ador Welding Ltd Share Price ₹1,166 | P/E 20.7

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%