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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Ador Welding Limited is an India-based welding company. The Company is engaged in manufacturing in the field of welding products, technologies, and services. The Company is also engaged in providing customized solutions for multidisciplinary projects and contracts related to…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, fully valued — but flagged on governance.
Ador Welding is scored on the general / industrial framework. It keeps a slim 7.1% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.41× reported profit. Free cash flow is worth about 2.0% of its market value.
Over the last 3 years revenue compounded at 20%/yr and profit at 22%/yr. Book value itself has compounded 25%/yr — the hallmark of a genuine compounder. Return on equity is an elite 20.3%. In the latest quarter profit fell 2% versus the prior quarter.
At 30× earnings, the stock sits at the 65th percentile of its own 4.6-year range — the middle of where it has historically traded. Today's price implies ~10%/yr earnings growth for a decade. The forensic screen raises a red flag: Share count up 28% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 21.34 | 24.68 | better |
| P/B | 4.33 | 2.85 | worse |
| EV/EBITDA | 13.45 | 13.7 | better |
| ROE | 20.27 | 24.75 | worse |
| ROCE | 27.02 | 30.17 | worse |
| ROA | 14.05 | 11.54 | better |
| Quick Ratio | 1.54 | 6.61 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
Revenue has grown every year across all 4 financial years shown. 20% CAGR over 3 years — high-growth territory.
The latest year saw a +37% swing — check if it's a one-off or structural.
Operating margins have been stable around 10% — no major structural shift.
ROE at 15% — a respectable return on shareholder capital. Low variance across years — a predictable business that earns steadily on its equity base.
Profit grew faster than EPS (22% vs 12%) — share dilution is eroding per-share value. 12% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.4× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 10% sequentially — momentum is building. Run-rate stepping up — recent quarters average 8% above earlier ones.
How today's P/E compares to the stock's own historical range. Dashed line = the 4.6y median.
Promoter holding at 53.6% — majority control intact. MF stake down 2.3pp — domestic funds are booking profits or rebalancing out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.