Ador Welding Limited · NSE:ADOR
Ador Welding — Q2 FY27 Earnings Presentation
29 slides from Ador Welding's earnings presentation, Oct 22, 2026
Slide 1: Exchange cover letter: Investor Presentation
AWL/SEC/SE/2026-27/50 22nd October, 2026 BSE LTD. NATIONAL STOCK EXCHANGE OF INDIA LTD. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 1st Floor, Dalal Street, Bandra-Kurla Complex Fort, Mumbai – 400 023 Bandra (East), Mumbai - 400 051. Company Scrip Code: 517041 Company Symbol: ADOR Dear
Slide 2: Creating the Best Welding Experience - Investor Presentation
Creating the Best Welding Experience Investor Presentation October 2026 ADOR WELDING LIMITED
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ador Welding Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 4: Q2 & H1 FY27 Financial Highlights
Q2 & H1 FY27 Financial Highlights
Slide 5: Management's Message
Management’s Message “Ador has sustained its momentum in Q2 FY27, with revenue growing 23% YoY to Rs. 345 Cr. This takes H1 FY27 revenue to Rs. 654 Cr, also up 23% YoY. Demand stayed healthy across our core user industries: infrastructure, power, oil & gas, railways, shipbuilding, defence and heavy
Slide 6: Q2 FY27 Key Performance Highlights
Q2 FY27 Key Performance Highlights Revenue from Operations Gross Profit Gross Profit Margin EBITDA (excl. other income) Rs. 345 Crs. Rs. 118 Crs. 34.2% Rs. 38 Crs. +22.6% YoY +8.7% YoY -440 bps +8.6% YoY EBITDA Margin (excl. other Profit After Tax PAT Margin Earnings Per Share income) 10.9% Rs. 27 C
Slide 7: H1 FY27 Key Performance Highlights
H1 FY27 Key Performance Highlights Revenue from Operations Gross Profit Gross Profit Margin EBITDA (excl. other income) Rs. 654 Crs. Rs. 231 Crs. 35.3% Rs. 73 Crs. +22.8% YoY +11.8% YoY -350 bps +26.0% YoY EBITDA Margin (excl. other Profit After Tax PAT Margin Earnings Per Share income) 11.2% Rs. 55
Slide 8: Ador at Glance
Ador at Glance 850+ 5 90,000 MT 30,000 Welding Power Sources Capacity / Employees Manufacturing Units Consumables Capacity / Per Year Per Year 15+ 31,235 R&D Centre (Recognised by Govt. of India) • Accredited Laboratory as per ISO17025 Countries Pincodes Served in India Team of 38 researchers with 1
Slide 9: 75 Years of Creating the Best Welding Experience
75 Years of Creating the Best Welding Experience 1951 1982 JV with Oerlikon Buhrle 1967 Advani Oerlikon Govt. AG, Switzerland — 1955 Exports commence to Higher Secondary India's 1st welding Welding School set up Middle East, Africa & School set up, Birgaon, manufacturer at Bhandup Southeast Asia Rai
Slide 10: Global Company with Roots in India
Global Company with Roots in India GLOBAL FOOTPRINT 15+ Countries Served Worldwide PRESENCE ACROSS • North America • South America • Europe • Middle East & Africa • Central & South Asia Ador International Dubai, UAE (JAFZA) • Australia Ador’s international sales & distribution office, driving busine
Slide 11: Manufacturing Units
Manufacturing Units 1.2mn sq. ft. MANUFACTURING FOOTPRINT ACROSS INDIA 5 Facilities 3 Welding Consumables Facilities Raipur Silvassa Bengaluru 1 Welding Equipment & Automation Facility Pune 1 Maintenance & Repair Facility Nagpur Creating the Best Welding Experience 10
Slide 12: Product Range - Offerings
Product Range - Offerings Welding Welding & Cutting Industrial Welding & Cutting Consumables Equipment M&R Automation Stick Electrodes MMA / MIG / TIG / Wear Resistance Products Robotic Systems Submerged Arc Filler Metals Repair & Reclamation Automation Lines Advanced Synergic Services Submerged Arc
Slide 13: Welding Consumables & Equipment
Welding Consumables & Equipment WELDING CONSUMABLES WELDING EQUIPMENT THE RANGE INCLUDES MAIN POWER SUPPLY OPERATED ARC WELDERS A wide range of machines for all arc welding applications including: E Welding Electrodes SMAW GTAW GMAW FCAW SAW F Filler Metals S Submerged Arc ALSO INCLUDES Welding mach
Slide 14: Industrial Maintenance & Repair (Products & Services)
Industrial Maintenance & Repair (Products & Services) PRODUCT PORTFOLIO INCLUDES: Complete range of products/ solutions for • Low Heat Input Welding Alloys Maintenance & Repair across industries such as Cement, Defence , Fertilizer & Chemical Industries, • Cobalt & Nickel Based Alloys Mining, Oil &
Slide 15: Welding & Cutting Automation Products
Welding & Cutting Automation Products Design, supply and install special purpose automation systems OFFERINGS Seamless Welding Standard Products like CNC Cutting Plasma and Automation System Columns & Booms, Rotators, Special Purpose Machines hand-held machines Integration and Positioners Creating t
Slide 16: Multiple Collaborations
Multiple Collaborations Hypertherm ITW Welding India Liburdi Dimetrics Ador is the Master Distributor for Partner for Miller Key Products Strategic Partner for Orbital Welding Hypertherm Air Plasma Cutting System Technologies in India The collaboration brings Miller’s advanced Hypertherm is a leadin
Slide 17: Industries We Serve
Industries We Serve Automotive Infrastructure Oil & Gas Railways Thermal Ship Building Cement Hydro Power Heavy Defence Fabrication Wind Power Nuclear Power Creating the Best Welding Experience 16
Slide 18: New Product Introduction
New Product Introduction CONSUMABLES CONSUMABLES AUTOMATION AUTOMATION Strengthening product portfolio with NPCIL- Expanding High Alloy and Nickel Base Product Launched Axbot 101 as a Standard Advance Customised Laser Welding Robotics Solutions approved products for nuclear application Portfolio for
Slide 19: Brand Initiatives
Brand Initiatives Creating the Best Welding Experience 18
Slide 20: Approvals & Certifications
Approvals & Certifications • CII Award for Excellence in Industrial R&D 2026 • CII Industrial Innovation Award 2025 • ISO 9000 series certification for quality • Ador’s Silvassa plant has been awarded the Recognised among India’s Top 100 standards for all manufacturing plants GreenCo Silver Rating b
Slide 21: Industry Structure & Growth Outlook
Industry Structure & Growth Outlook India’s welding industry – integral to the manufacturing & infrastructure ecosystem KEY INDUSTRY TAKEAWAYS GROWTH OPPORTUNITIES Core to India's Manufacturing Ecosystem Rising Demand The welding industry remains integral to India's manufacturing Growing demand for
Slide 22: Board of Directors
Board of Directors Ninotchka Malkani Dr. Deep Ashda Lalvani Navroze S. Marshall Nagpal Non-Executive Director Non-Executive & Independent Director Executive Chairman Independent and Non-Independent Directors • MBA, Manchester Business School, UK; Honorary Doctorate • B.Sc. Chemical Engg., Carnegie M
Slide 23: Core Management Team
Core Management Team Aditya T. Malkani Krishnamurthy Suryanarayan Lajpat Yadav Mustafa Faizullabhoy Palli Ravi Kumar Head – India M & R Business & Managing Director & Chief Executive Chief Financial Officer & Head - COO – India Welding Business Head – International Operations Customer Officer Strate
Slide 24: Environmental, Social & Governance Initiatives
Environmental, Social & Governance Initiatives 50% Reduction in water consumption • Rainwater harvesting • Elimination of water leakages • Installation of water sensors 9.6MT Reduction of plastic consumption • Use of corrugated boxes • Use of honeycomb packaging • Eliminated use of Thermocol 114 Red
Slide 25: Historical Financial Highlights
Historical Financial Highlights
Slide 26: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Particulars (Rs. Crs.) H1 FY27 FY26 FY25 Revenue from Operations 654.2 1,140.0 1,122.7 Raw Material & Change in Inventory 423.5 708.7 725.3 Gross Profit 230.7 431.3 397.4 Onerous Cost & Liquidated Gross Margin % 35.3% 37.8% 35.4% Damages: A one-time pr
Slide 27: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Equities & Liabilities (Rs. Crs.) 30th Sep-26 31st Mar-26 31st Mar-25 Assets (Rs. Crs.) 30th Sep-26 31st Mar-26 31st Mar-25 Total Equity 569.6 554.5 507.1 Non-Current Assets 267.5 289.6 250.1 Equity Share Capital 17.4 17.4 17.4 Property, Plant & equipment 179.3
Slide 28: Historical Consolidated Cash Flow Statement
Historical Consolidated Cash Flow Statement Particulars (Rs. Crs.) 30th Sep-26 31st Mar-26 31st Mar-25 Net Profit Before Tax 73.3 115.0 86.6 Adjustments for: Non - Cash Items / Other Investment or Financial Items 8.2 12.3 25.2 Operating profit before working capital changes 81.5 127.3 111.8 Changes
Slide 29: Thank You!
THANK YOU! Company: Ador Welding Limited Investor Relations: Strategic Growth Advisors Pvt. Ltd. CIN: L70100MH1951PLC008647 CIN: U74140MH2010PTC204285 Mr Vinayak M. Bhide – Company Secretary & Compliance Mr. Deven Dhruva / Mr. Ronak Jain Officer deven.dhruva@sgapl.net / ronak.jain@sgapl.net investor