Ador Welding Complete Financial Statements
In FY2026, Ador Welding (ADOR) reported revenue ₹328 Cr, net profit ₹34 Cr and EPS ₹19.65, with a net profit margin of 10.4% and ROE of 6.1%. Full financial statements from FY2015 to FY2026 (12 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Explore ADOR value investing to estimate fundamental worth using multiple valuation models.
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Profitability Ratios
Balance Sheet Ratios
ADOR Revenue, Net Profit & EBITDA — Year-on-Year Growth
ADOR YoY (Mar 2025 vs Mar 2026) — revenue +4.1%, net profit +88.9%, EBITDA +60.0%, expenses -2.9%. For live price, earnings ratios and company overview, see Ador Welding share price screener.
ADOR Income Statement — Revenue, EBITDA & Net Profit
Ador Welding revenue ₹328 Cr, EBITDA ₹56 Cr, net profit ₹34 Cr, EPS ₹19.65 (2026) — net profit margin 10.4%. Review ADOR earnings valuation to evaluate earnings-based valuation against sector peers.
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Jun 2018 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 328 | 285 | 315 | 257 | 292 | 274 | 304 | 275 | 278 | 281 | 242 | 266 | 186 | 203 | 160 | 200 | 168 | 166 | 130 | 176 | 97 | 141 | 57 | 137 | 132 | 152 | 133 | 130 | 131 | 105 | 136 |
| Expenses | 272 | 246 | 280 | 256 | 250 | 259 | 265 | 242 | 251 | 242 | 215 | 235 | 170 | 182 | 143 | 175 | 147 | 172 | 117 | 158 | 101 | 130 | 52 | 128 | 119 | 136 | 121 | 116 | 116 | 95 | 122 |
| EBITDA | 56 | 39 | 35 | 1 | 41 | 15 | 39 | 32 | 27 | 40 | 27 | 31 | 17 | 21 | 17 | 26 | 22 | -6 | 13 | 18 | -4 | 12 | 5 | 9 | 13 | 16 | 12 | 14 | 15 | 10 | 13 |
| Operating Profit Margin % | 15.00% | 12.00% | 10.00% | -2.00% | 13.00% | 4.00% | 11.00% | 10.00% | 8.00% | 13.00% | 10.00% | 10.00% | 8.00% | 9.00% | 10.00% | 12.00% | 8.00% | -6.00% | 9.00% | 9.00% | -5.00% | 7.00% | 5.00% | 5.00% | 8.00% | 9.00% | 7.00% | 9.00% | 8.00% | 7.00% | 9.00% |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 |
| Interest | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 2 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 3 | 2 | 2 | 2 | 2 | 2 |
| Profit Before Tax | 50 | 34 | 29 | -5 | 36 | 9 | 34 | 27 | 21 | 35 | 22 | 26 | 13 | 17 | 14 | 22 | 18 | -10 | 9 | 14 | -9 | 7 | 0 | 5 | 8 | 10 | 8 | 9 | 11 | 6 | 9 |
| Tax | 16 | 9 | 11 | -1 | 9 | 3 | 8 | 7 | 6 | 9 | 6 | 8 | 3 | 4 | 3 | 6 | 3 | -2 | 2 | 4 | -3 | 0 | 0 | 2 | -1 | 3 | 3 | 3 | 4 | 2 | 3 |
| Net Profit | 34 | 25 | 18 | -4 | 27 | 7 | 25 | 20 | 15 | 26 | 16 | 19 | 10 | 13 | 10 | 16 | 15 | -8 | 7 | 11 | -6 | 6 | 0 | 4 | 10 | 8 | 5 | 7 | 7 | 4 | 6 |
| Earnings Per Share (₹) | 19.65 | 14.37 | 10.40 | -2.27 | 15.35 | 4.92 | 18.65 | 14.60 | 8.86 | 19.07 | 12.09 | 13.76 | 7.34 | 9.70 | 7.65 | 12.03 | 10.76 | -5.89 | 4.96 | 7.78 | -4.15 | 4.57 | -0.14 | 2.54 | 6.96 | 5.54 | 3.29 | 4.85 | 5.11 | 3.15 | 4.23 |
ADOR Balance Sheet — Assets, Liabilities & Shareholders' Equity
ADOR total assets ₹832 Cr, total equity ₹554 Cr, total liabilities ₹ Cr (2026) — ROE 6.1%.
| Particulars | 2026 | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Total Assets | 832 | 694 | 681 | 393 | 375 | 438 | 429 | 428 | 378 | 335 | 285 |
| Current Assets | 542 | 444 | 443 | 230 | 213 | 271 | 281 | 294 | 242 | 209 | 161 |
| Fixed Assets | 207 | 197 | 157 | 118 | 117 | 126 | 116 | 103 | 102 | 100 | 97 |
| Capital Work in Progress | 3 | 4 | 25 | 7 | 3 | 0 | 1 | 1 | 4 | 1 | 2 |
| Investments | 152 | 32 | 39 | 20 | 11 | 4 | 4 | 2 | 11 | 10 | 5 |
| Other Assets | 0 | 461 | 459 | 248 | 244 | 308 | 309 | 322 | 261 | 224 | 181 |
| LIABILITIES | |||||||||||
| Total Liabilities | |||||||||||
| Current Liabilities | 24 | 13 | 13 | 7 | 5 | 10 | 12 | 11 | 10 | 9 | 10 |
| Non-Current Liabilities | |||||||||||
| SHAREHOLDERS' EQUITY | |||||||||||
| Total Equity | 554 | 507 | 473 | 282 | 238 | 247 | 261 | 245 | 235 | 217 | 203 |
| Share Capital | 17 | 17 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves & Surplus | 537 | 490 | 459 | 269 | 224 | 234 | 248 | 231 | 221 | 203 | 189 |
ADOR Cash Flow Statement — Operating, Investing & Financing
Ador Welding operating cash flow ₹137 Cr, investing ₹-17 Cr, financing ₹-94 Cr, net cash flow ₹26 Cr (2025).
| Particulars | March 2025 | March 2024 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 137 | 58 | 26 | 79 | 14 | 64 | -37 | 0 | 23 | 1 |
| Investing Activities | -17 | -44 | -5 | -7 | -22 | -20 | 0 | -12 | -4 | -9 |
| Financing Activities | -94 | -19 | -31 | -61 | -13 | -34 | 33 | 19 | -9 | -9 |
| Net Cash Flow | 26 | -5 | -10 | 12 | -22 | 11 | -4 | 7 | 10 | -17 |