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Ador Welding
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Ador Welding Ltd(AWL) , formerly known as Advani Oerlikon Ltd, was promoted on 22 Oct.'1951 by J B Advani & Co and the Oerlikon-Buhrle group (now unaxis), Switzerland. It is India's leader in the field of Welding Products, Technologies & Services. The Company is also engaged in providing customized solutions for multi-disciplinary projects and contracts related to refineries, oil and gas, petrochemicals, fertilizers, steel plants, pharma, water and other chemical process industries. The Project Engineering Division (PED) is also gaining strong repute in providing world class Environmental Engineering products & Welding Automation Systems. The Company changed to its present name in September, 2003 from Advani Oerlikon Ltd.
AWL has six manufacturing plants at Bhandup, Chinchwad, Raipur, Chennai, Pimpri and Silvassa, offers a welding package which includes a wide variety (over 200 types) of electrodes, fluxes, flux-cored wires and special customised electrodes. The company has installed capacity of 1,07,800 tpa for Arc Welding Electrodes & Continuous Welding Wires and Fluxes. It caters to the steel, ship-building, defence, power, automobile, general fabrication and engineering industries. The company has Two Technology Development Centres (TDC) at Bhandup (Mumbai) and Chinchwad (Pune) in Maharashtra. These TDCs continue to pursue their goals, with renewed vigour, in terms of innovations, improvements and cost reductions.
The company came out with a rights issue in Jan.'1994 to part- finance the modernisation of its plants for consumables and equipment manufacture. The company has technical collaborations with two welding companies - Oerlikon Burhle, Switzerland, and La Soudure Autogene Francaise, France. Certification from internationally accepted inspection agencies - Lloyds Register of Shipping, Det Norske Veritas, American Bureau of Shipping and Bureau Veritas -- makes Advani Oerlikon's products globally acceptable. It has also received the ISO-9002 certification for its 100% EOU.
During 1998-99 'Semiconductor Limited' a 100% subsidiary company was amalgamated with AOL. Now company has no subsidiary company. The company has provided facilities for holding shares in demat mode by signining agreement with NSDL & Central Depositary Services (I) Ltd & the same is expected to start its operation soon and expand its reach.
The company made buy back of 22,29,833 equity shares @ Rs.20/- per shares totalling to Rs.4.46 crores in 2002-03. M/s Oerlikon Welding Limited, the overseas promoter has exited from their financial particpation from the company by offering entire stake in the buy back scheme. Pursuant to the court order, an associate company M/s Ador Technologies Limited was amalgamated with the company with effect from appointed date 1st April,2002.
In 2006, the manufacturing operations at Ahmednagar plant have been shifted to Chennai plant for attaining economies of scale in wire products.
The Company commenced manufacture and sale of Power Generators of 15 to 125 KVA capacities on a moderate scale in FY 2006-07. The new Flux Cored Wire Plant commissioned at Silvassa in 2008. Another Submerged Arc Welding Flux Plant was built at Chennai.
During the financial year 2010-11, M/s. J B Advani & Company Pvt. Ltd., the promoter / parent Company of the Company acquired further shares of the Company and became the Holding Company since February, 2011.
In 2012, the Company launched King Series of Gas Cutting, PPE & Welding Accessories Products. It set up Welding Application & Technical Centre (WATC) showcasing an extended portfolio of Automation Solutions. In 2013, it launched profile cutting CNC Machine.
During FY 2017-18, the Company launched new products in welding and cutting segment & also in WAPS and Project Engineering Business. It installed Solar Power Plant at Raipur Factory with the capacity of 518 KWP during FY 2019-20. During FY 2021-22, it installed Solar Power Plant at Silvassa Factory with the capacity of 115 KWP.
Ador Welding share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Ador Welding indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Ador Welding is valued compared to its competitors.
Ador Welding PE ratio helps investors understand what is the market value of each stock compared to Ador Welding 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Ador Welding evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Ador Welding generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Ador Welding in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Ador Welding shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Ador Welding compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Ador Welding over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Ador Welding helps investors get an insight into when they can enter or exit the stock. Key components of Ador Welding Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Ador Welding shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Ador Welding ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Ador Welding provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Ador Welding highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Ador Welding .
The balance sheet presents a snapshot of Ador Welding ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.