Stock Snapshot
Price Performance
Recommendation Rationale
Strong growth outlook supported by product innovation and strategic collaborations.
Basis of our Recommendation
Ador Welding is strategically enhancing its product portfolio and market reach, focusing on high-margin solutions and collaborations that position the company for robust growth. The introduction of advanced automation and specialized products is expected to drive future earnings, despite the absence of specific financial guidance.
Why We Like This Stock
- Strategic collaboration with Miller to enhance product offerings
- Expansion into high-value nuclear applications and advanced automation solutions
- Focus on high-margin products and specialized welding applications
Things To Watch Out For
- nan
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,067 | 1,117 | 1,135 | 1,254 | 1,380 |
| Profit Before Tax (Cr.) | 121 | 102 | 119 | 137 | 152 |
| PBT Margin | 11.3% | 9.1% | 10.5% | 10.9% | 11.0% |
| Net Profit (Cr.) | 89 | 67 | 89 | 101 | 113 |
| EPS | 51.1 | 38.5 | 51.2 | 58.2 | 64.8 |
Company Overview
Show Company Profile
Ador Welding Limited manufactures and supplies welding equipment, consumables, and automation solutions in India and internationally. The company operates through three segments: Products; Services; and Maintenance & Reclamation. It provides welding electrodes, including C-Mn steel, low alloy and stainless steel, cellulosic, hardfacing, gouging and cutting, cast iron, and nickel and nickel alloys; and wires and fluxes products comprising submerged arc welding fluxes and wires, and flux cored arc welding products, as well as metal cored arc wire, gas metal arc welding (GMAW), and gas tungsten arc welding (GTAW) products; and brazing rods and fluxes. The company also offers welding equipment, such as MMA, TIG, MIG equipment, air plasma cutting, submerged arc welding, advanced multipurpose synergic, and TIG add on units; gas cutting products, gas cutting-welding accessories, flares and process equipment, and personal protective equipment; and CNC cutting machines. In addition, it engages in the design, manufacture, erection, commissioning, mechanical, electrical, and instrumentation of process packages, process equipment, and flare system and components, as well as undertaking various EPC contracts. Further, the company provides welding and cutting automation products, such as robotic systems, columns, booms, positioners, rotators, and special purpose machines; and skill development services. It serves manufacturing and fabrication, infrastructure and construction, oil and gas, power generation including thermal, hydro, and renewable energy, shipbuilding and marine, automotive and transportation, railways and heavy engineering, defense and aerospace industries. The company was formerly known as Advani-Oerlikon Ltd. The company was incorporated in 1951 and is headquartered in Mumbai, India. Ador Welding Limited is a subsidiary of J. B. Advani & Company Private Limited.