Ador Welding Limited (ADORWELD) - Net Assets

Latest as of March 2025: Rs5.07 Billion INR ≈ $54.84 Million USD

Based on the latest financial reports, Ador Welding Limited (ADORWELD) has net assets worth Rs5.07 Billion INR (≈ $54.84 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs6.94 Billion ≈ $75.05 Million USD) and total liabilities (Rs1.87 Billion ≈ $20.21 Million USD). 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. Also explore Ador Welding Limited (ADORWELD) total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs5.07 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. Check Ador Welding Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.

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. For live valuation and market cap data, see Ador Welding Limited market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs5.07 Billion ≈ $54.84 Million	+39.93%
2024-03-31	Rs3.62 Billion ≈ $39.19 Million	+12.02%
2023-03-31	Rs3.24 Billion ≈ $34.99 Million	+14.68%
2022-03-31	Rs2.82 Billion ≈ $30.51 Million	+18.75%
2021-03-31	Rs2.38 Billion ≈ $25.69 Million	-11.16%
2020-03-31	Rs2.67 Billion ≈ $28.92 Million	+2.29%
2019-03-31	Rs2.61 Billion ≈ $28.27 Million	+6.69%
2018-03-31	Rs2.45 Billion ≈ $26.50 Million	+4.19%
2017-03-31	Rs2.35 Billion ≈ $25.43 Million	+8.51%
2016-03-31	Rs2.17 Billion ≈ $23.44 Million	+7.02%
2015-03-31	Rs2.03 Billion ≈ $21.90 Million	+20.21%
2014-03-31	Rs1.68 Billion ≈ $18.22 Million	-7.58%
2013-03-31	Rs1.82 Billion ≈ $19.71 Million	+4.11%
2012-03-31	Rs1.75 Billion ≈ $18.94 Million	+6.99%
2011-03-31	Rs1.64 Billion ≈ $17.70 Million	+10.97%
2010-03-31	Rs1.47 Billion ≈ $15.95 Million	+12.24%
2009-03-31	Rs1.31 Billion ≈ $14.21 Million	+4.62%
2008-03-31	Rs1.26 Billion ≈ $13.58 Million	+8.49%
2007-03-31	Rs1.16 Billion ≈ $12.52 Million	--

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	Rs5.07 Billion	100.00%
Total Equity	Rs5.07 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
Kang Yong Electric Public Company Limited BK:KYE	$184.53 Million
Kg Chemical KO:001390	$184.53 Million
Repro Med Systems Inc NASDAQ:KRMD	$184.65 Million
Castles Technology Co Ltd TW:5258	$184.70 Million
Petrus Resources Ltd TO:PRQ	$184.50 Million
Advanced Process Systems Corporation KQ:265520	$184.42 Million
VAA Vista Alegre Atlantis SGPS SA LS:VAF	$184.41 Million
Accelya Solutions India Limited NSE:ACCELYA	$184.33 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	Rs600.50 Million	+11.84%
Dividends Paid	Rs461.60 Million	-9.1%
Other Comprehensive Income	Rs-36.30 Million	-0.72%
Other Changes	Rs1.34 Billion	+26.51%
Total Change	Rs-	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	Rs85.13	Rs980.40	x
2008-03-31	Rs92.36	Rs980.40	x
2009-03-31	Rs96.62	Rs980.40	x
2010-03-31	Rs108.45	Rs980.40	x
2011-03-31	Rs120.35	Rs980.40	x
2012-03-31	Rs128.76	Rs980.40	x
2013-03-31	Rs134.05	Rs980.40	x
2014-03-31	Rs123.88	Rs980.40	x
2015-03-31	Rs148.92	Rs980.40	x
2016-03-31	Rs159.37	Rs980.40	x
2017-03-31	Rs172.93	Rs980.40	x
2018-03-31	Rs180.18	Rs980.40	x
2019-03-31	Rs192.23	Rs980.40	x
2020-03-31	Rs196.63	Rs980.40	x
2021-03-31	Rs174.68	Rs980.40	x
2022-03-31	Rs207.44	Rs980.40	x
2023-03-31	Rs237.90	Rs980.40	x
2024-03-31	Rs266.49	Rs980.40	x
2025-03-31	Rs291.38	Rs980.40	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	Rs207.70 Million
2008	17.96%	8.66%	1.57x	1.32x	Rs100.00 Million
2009	9.26%	5.43%	1.32x	1.29x	Rs-9.78 Million
2010	17.36%	9.82%	1.41x	1.26x	Rs108.49 Million
2011	15.70%	8.73%	1.40x	1.29x	Rs93.26 Million
2012	11.93%	6.13%	1.46x	1.33x	Rs33.82 Million
2013	9.26%	4.64%	1.37x	1.46x	Rs-13.49 Million
2014	-3.03%	-1.37%	1.33x	1.66x	Rs-219.56 Million
2015	15.73%	8.25%	1.36x	1.40x	Rs116.09 Million
2016	10.33%	5.48%	1.22x	1.55x	Rs7.18 Million
2017	7.84%	4.18%	1.17x	1.61x	Rs-50.76 Million
2018	7.51%	4.03%	1.07x	1.75x	Rs-60.92 Million
2019	9.39%	4.80%	1.19x	1.64x	Rs-16.00 Million
2020	9.77%	4.98%	1.18x	1.67x	Rs-6.18 Million
2021	-4.37%	-2.33%	1.19x	1.58x	Rs-341.34 Million
2022	15.96%	6.85%	1.67x	1.39x	Rs168.11 Million
2023	18.33%	7.63%	1.72x	1.40x	Rs269.39 Million
2024	17.44%	7.15%	1.70x	1.44x	Rs269.52 Million
2025	11.84%	5.35%	1.62x	1.37x	Rs93.41 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: $41,183,596,097
Average return on equity (ROE) among peers: 12.04%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ador Welding Limited (ADORWELD)	Rs5.07 Billion	27.94%	0.37x	$184.52 Million
Aaron Industries Limited (AARON)	$121.73 Million	15.83%	0.79x	$29.81 Million
The Anup Engineering Limited (ANUP)	$6.12 Billion	19.33%	0.51x	$471.26 Million
ATAM VALVES ORD (BSE) (ATAM)	$99.69 Million	8.77%	0.82x	$8.12 Million
Azad Engineering Limited (AZAD)	$2.04 Billion	4.15%	1.89x	$1.61 Billion
Bharat Heavy Electricals Limited (BHEL)	$308.66 Billion	3.26%	1.07x	$15.48 Billion
Cummins India Limited (CUMMINSIND)	$51.45 Billion	18.15%	0.38x	$16.64 Billion
Diamond Power Infrastructure Limited (DIACABS)	$1.09 Billion	25.24%	2.50x	$1.84 Billion
Diffusion Engineers Ltd (DIFFNKG)	$811.40 Million	12.11%	0.48x	$163.05 Million
Ducon Infratechnologies Limited (DUCON)	$261.86 Million	1.47%	0.32x	$10.47 Million

About Ador Welding Limited

NSE:ADORWELD India Specialty Industrial Machinery

Market Cap

$184.52 Million

Rs17.06 Billion INR

Market Cap Rank

#16790 Global

#884 in India

Share Price

Rs980.40

Change (1 day)

+0.00%

52-Week Range

Rs980.40 - Rs980.40

All Time High

Rs1629.25