Ador Welding Limited (ADOR) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Ador Welding Limited ₹799, price ₹1,570, upside -49.1%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Ador Welding Limited
ADOR · NSEStretched ValuationStrong overvaluation with only moderate quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹543.67 – ₹1,730 · fair‑value band ₹547.56 – ₹1,039 · the ₹1,570 price screens above the ₹799.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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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.
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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.
Stock analysis
Ador Welding Limited (ADOR) currently trades at ₹1,570, while our model-based Fair Value estimate is ₹799.37, 49.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹900.35 per share, and 0 of the 26 models we run sit above the ₹1,570 price.
Bear case: the Asset-Based group reads lowest at ₹213.46, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹547.56 (bear) to ₹1,039 (bull), the price of ₹1,570 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ador Welding Limited reported revenue of ₹11.4B in FY2026 versus ₹6.6B in FY2022, a compound +14.6%/yr. Reported net income was ₹820M in FY2026, compounding +16.2%/yr from FY2022.
Key figures
Market cap ₹27.4B (≈ $284M) · P/E ratio 33.4 · P/S ratio 2.40 · EPS (TTM) ₹47.06 · Dividend yield 1.5% · Net margin 7.2% · Return on assets (EBIT) 15.5% · Operating margin 10.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 84% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −49%, ADOR screens richer than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 86
Revenue & earnings trend
Growth Forecast
ADOR screens overvalued: fair value 49% below the price. Compare with GE Vernova Inc →
Compare Ador Welding Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 791 stocks
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $950.49 | $142.61 | −85% |
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| Eaton Corporation ETN | $433.27 | $173.12 | −60% |
| Parker-Hannifin Corporation PH | $970.37 | $494.81 | −49% |
| Emerson Electric Co EMR | $155.10 | $62.54 | −60% |
| Illinois Tool Works Inc ITW | $257.28 | $153.33 | −40% |
| Cummins Inc CMI | $516.57 | $359.11 | −30% |
| AMETEK, Inc AME | $250.74 | $125.77 | −50% |
| Rockwell Automation, Inc ROK | $434.15 | $139.31 | −68% |
| Sandvik AB SAND | kr 378.00 | kr 193.59 | −49% |
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Key figures of Ador Welding Limited
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