Ador Welding Limited
Ador Welding Limited manufactures and supplies welding equipment, consumables, and automation solutions in India and internationally. The company operates through three segments: Consumables; Equipment and Automation; and Flares & Process Equipment. It provides welding electrodes, including C-Mn steel, low alloy and stainless steel, cellulosic, hardfacing, gouging and cutting, cast iron, and nick… Read more
Ador Welding Limited (ADORWELD) - Net Assets
Latest net assets as of March 2025: ₹5.07 Billion INR
Based on the latest financial reports, Ador Welding Limited (ADORWELD) has net assets worth ₹5.07 Billion INR as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹6.94 Billion) and total liabilities (₹1.87 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹5.07 Billion |
| % of Total Assets | 73.08% |
| Annual Growth Rate | 8.55% |
| 5-Year Change | 113.48% |
| 10-Year Change | 133.98% |
| Growth Volatility | 10.65 |
Ador Welding Limited - Net Assets Trend (2007–2025)
This chart illustrates how Ador Welding Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ador Welding Limited (2007–2025)
The table below shows the annual net assets of Ador Welding Limited from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹5.07 Billion | +39.93% |
| 2024-03-31 | ₹3.62 Billion | +12.02% |
| 2023-03-31 | ₹3.24 Billion | +14.68% |
| 2022-03-31 | ₹2.82 Billion | +18.75% |
| 2021-03-31 | ₹2.38 Billion | -11.16% |
| 2020-03-31 | ₹2.67 Billion | +2.29% |
| 2019-03-31 | ₹2.61 Billion | +6.69% |
| 2018-03-31 | ₹2.45 Billion | +4.19% |
| 2017-03-31 | ₹2.35 Billion | +8.51% |
| 2016-03-31 | ₹2.17 Billion | +7.02% |
| 2015-03-31 | ₹2.03 Billion | +20.21% |
| 2014-03-31 | ₹1.68 Billion | -7.58% |
| 2013-03-31 | ₹1.82 Billion | +4.11% |
| 2012-03-31 | ₹1.75 Billion | +6.99% |
| 2011-03-31 | ₹1.64 Billion | +10.97% |
| 2010-03-31 | ₹1.47 Billion | +12.24% |
| 2009-03-31 | ₹1.31 Billion | +4.62% |
| 2008-03-31 | ₹1.26 Billion | +8.49% |
| 2007-03-31 | ₹1.16 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ador Welding Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₹5.07 Billion | 100.00% |
| Total Equity | ₹5.07 Billion | 100.00% |
Ador Welding Limited Competitors by Market Cap
The table below lists competitors of Ador Welding Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anfield Energy Inc.
NASDAQ:AEC
|
$74.75 Million |
|
Centaurus Metals Limited
OTCQX:CTTZF
|
$74.75 Million |
|
We&Win Diversification Co Ltd
TWO:4113
|
$74.80 Million |
|
Ujaas Energy Limited
NSE:UEL
|
$74.81 Million |
|
JUKCF
PINK:JUKCF
|
$74.72 Million |
|
Sao Ta Foods JSC
VN:FMC
|
$74.70 Million |
|
ISU Abxis Co. Ltd
KQ:086890
|
$74.70 Million |
|
Bancorp. of Southern Indiana
PINK:BCSO
|
$74.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ador Welding Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,623,800,000 to 5,070,900,000, a change of 1,447,100,000 (39.9%).
- Net income of 600,500,000 contributed positively to equity growth.
- Dividend payments of 461,600,000 reduced retained earnings.
- Other comprehensive income decreased equity by 36,300,000.
- Other factors increased equity by 1,344,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹600.50 Million | +11.84% |
| Dividends Paid | ₹461.60 Million | -9.1% |
| Other Comprehensive Income | ₹-36.30 Million | -0.72% |
| Other Changes | ₹1.34 Billion | +26.51% |
| Total Change | ₹- | 39.93% |
Book Value vs Market Value Analysis
This analysis compares Ador Welding Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.36x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 11.52x to 3.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | ₹85.13 | ₹980.40 | x |
| 2008-03-31 | ₹92.36 | ₹980.40 | x |
| 2009-03-31 | ₹96.62 | ₹980.40 | x |
| 2010-03-31 | ₹108.45 | ₹980.40 | x |
| 2011-03-31 | ₹120.35 | ₹980.40 | x |
| 2012-03-31 | ₹128.76 | ₹980.40 | x |
| 2013-03-31 | ₹134.05 | ₹980.40 | x |
| 2014-03-31 | ₹123.88 | ₹980.40 | x |
| 2015-03-31 | ₹148.92 | ₹980.40 | x |
| 2016-03-31 | ₹159.37 | ₹980.40 | x |
| 2017-03-31 | ₹172.93 | ₹980.40 | x |
| 2018-03-31 | ₹180.18 | ₹980.40 | x |
| 2019-03-31 | ₹192.23 | ₹980.40 | x |
| 2020-03-31 | ₹196.63 | ₹980.40 | x |
| 2021-03-31 | ₹174.68 | ₹980.40 | x |
| 2022-03-31 | ₹207.44 | ₹980.40 | x |
| 2023-03-31 | ₹237.90 | ₹980.40 | x |
| 2024-03-31 | ₹266.49 | ₹980.40 | x |
| 2025-03-31 | ₹291.38 | ₹980.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ador Welding Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.84%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.35%
- • Asset Turnover: 1.62x
- • Equity Multiplier: 1.37x
- Recent ROE (11.84%) is below the historical average (11.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 27.94% | 12.64% | 1.56x | 1.42x | ₹207.70 Million |
| 2008 | 17.96% | 8.66% | 1.57x | 1.32x | ₹100.00 Million |
| 2009 | 9.26% | 5.43% | 1.32x | 1.29x | ₹-9.78 Million |
| 2010 | 17.36% | 9.82% | 1.41x | 1.26x | ₹108.49 Million |
| 2011 | 15.70% | 8.73% | 1.40x | 1.29x | ₹93.26 Million |
| 2012 | 11.93% | 6.13% | 1.46x | 1.33x | ₹33.82 Million |
| 2013 | 9.26% | 4.64% | 1.37x | 1.46x | ₹-13.49 Million |
| 2014 | -3.03% | -1.37% | 1.33x | 1.66x | ₹-219.56 Million |
| 2015 | 15.73% | 8.25% | 1.36x | 1.40x | ₹116.09 Million |
| 2016 | 10.33% | 5.48% | 1.22x | 1.55x | ₹7.18 Million |
| 2017 | 7.84% | 4.18% | 1.17x | 1.61x | ₹-50.76 Million |
| 2018 | 7.51% | 4.03% | 1.07x | 1.75x | ₹-60.92 Million |
| 2019 | 9.39% | 4.80% | 1.19x | 1.64x | ₹-16.00 Million |
| 2020 | 9.77% | 4.98% | 1.18x | 1.67x | ₹-6.18 Million |
| 2021 | -4.37% | -2.33% | 1.19x | 1.58x | ₹-341.34 Million |
| 2022 | 15.96% | 6.85% | 1.67x | 1.39x | ₹168.11 Million |
| 2023 | 18.33% | 7.63% | 1.72x | 1.40x | ₹269.39 Million |
| 2024 | 17.44% | 7.15% | 1.70x | 1.44x | ₹269.52 Million |
| 2025 | 11.84% | 5.35% | 1.62x | 1.37x | ₹93.41 Million |
Industry Comparison
This section compares Ador Welding Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $14,908,623,111
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ador Welding Limited (ADORWELD) | ₹5.07 Billion | 27.94% | 0.37x | $74.72 Million |
| Aaron Industries Limited (AARON) | $158.89 Million | 23.34% | 0.87x | $9.17 Million |
| Affordable Robotic & Automation Limited (AFFORDABLE) | $1.13 Billion | 5.71% | 1.11x | $15.98K |
| AIA Engineering Limited (AIAENG) | $10.59 Billion | 17.34% | 0.50x | $1.30 Billion |
| The Anup Engineering Limited (ANUP) | $3.93 Billion | 15.77% | 0.34x | $185.19 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $43.62 Million | 14.95% | 2.96x | $3.43 Million |
| Azad Engineering Limited (AZAD) | $13.93 Billion | 6.27% | 0.34x | $468.30 Million |
| Bharat Heavy Electricals Limited (BHEL) | $52.96 Billion | 12.43% | 1.30x | $4.21 Billion |
| Cummins India Limited (CUMMINSIND) | $42.83 Billion | 17.34% | 0.41x | $7.17 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $8.61 Billion | -21.42% | 2.62x | $116.63 Million |