Ador Welding Ltd. News and Updates

Name: Latest research reports of Ador Welding Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Ador Welding Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Ador Welding Ltd. from all sources in a single place.

Load latest

Ador Welding Ltd.

01 Jun 2021, 01:11PM

850.05

1.60%

Ador Welding Consolidated March 2021 Net Sales at Rs 161.67 crore, up 15.56% Y-o-Y

Moneycontrol

NULL

Ador Welding Ltd. is trading below all available SMAs

Ador Multi Consolidated March 2021 Net Sales at Rs 2.65 crore, down 41.84% Y-o-Y

Moneycontrol | 01 Jun 2021, 01:11PM

Ador Welding Ltd.

01 Jun 2021, 12:00AM

850.05

1.60%

Ador Welding

Buy: Ador Welding Ltd.

Target

ICICI Securities Limited

AWL reported a consistent performance in the consumables segment while equipment business rebounded with a margin improvement and projects business registered positive EBIT indicating a better performance, going ahead. Debt, working capital position improved further. We believe better sales volumes in consumables, rebound in equipment sales and projects business turnaround would drive growth and profitability in coming years. We value AWL on 16x FY23E EPS and arrive at a revised target price of...

Ador Welding Ltd. has lost -23.15% in the last 3 Months

Ador Welding Ltd.

09 Feb 2021

850.05

1.60%

Ador Welding Standalone December 2020 Net Sales at Rs 135.05 crore, up 5.74% Y-o-Y

Moneycontrol

NULL

Ador Welding Ltd. has an average target of 1621.00 from 1 broker.

Ador Welding Ltd.

04 Dec 2020

850.05

1.60%

Ador Welding Consolidated September 2020 Net Sales at Rs 95.95 crore, down 25.54% Y-o-Y

Moneycontrol

NULL

Ador Welding Ltd. has an average target of 1621.00 from 1 broker.

Ador Welding Ltd.

26 Jun 2020

850.05

1.60%

Buy Ador Welding; target of Rs 310: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Ador Welding recommended buy rating on the stock with a target price of Rs 310 in its research report dated June 25, 2020.

Ador Welding Ltd. has lost -38.00% in the last 1 Year

Ador Welding Ltd.

25 Jun 2020

850.05

1.60%

Ador Welding

Buy: Ador Welding Ltd.

Target

ICICI Securities Limited

Equipment and project & engineering business revenue fell 10.5% YoY to | 34 crore while it reported loss of | 1.7 crore at EBIT level (vs. | 7.1 crore EBIT loss in Q4FY19). For FY20, this segment reported revenue at | 122.9 crore, down 3.7%, YoY. Within this segment, equipment business fell ~4.7%, YoY and project engineering business (PEB) grew 18% YoY backed by decent execution for FY20. For FY20, PEB business reported PBT level loss of ~| 17 crore while equipment business reported PBT level profit of ~| 3.5 crore. We expect PEB losses to reduce further in next two years with focus on...

Ador Welding Ltd. has lost -38.00% in the last 1 Year

Ador Welding Ltd.

24 Jun 2020

850.05

1.60%

Ador Welding Consolidated March 2020 Net Sales at Rs 139.90 crore, down 6.87% Y-o-Y

Moneycontrol

NULL

Ador Welding Ltd. has lost -38.10% in the last 6 Months

Ador Welding Ltd.

06 Feb 2020

850.05

1.60%

Ador Fontech Standalone December 2019 Net Sales at Rs 47.71 crore, up 1.47% Y-o-Y

Moneycontrol

NULL

Ador Welding Ltd. has lost -38.00% in the last 1 Year

Ador Welding Ltd.

26 Nov 2019

850.05

1.60%

Ador Welding

Buy: Ador Welding Ltd.

ICICI Securities Limited

Ador Welding Ltd. has lost -38.00% in the last 1 Year

Ador Welding Ltd.

16 Jul 2019

850.05

1.60%

Visit Update

Not Rated: Ador Welding Ltd.

Prabhudas Lilladhar

We met with the management of Ador Welding Ltd (Ador) to take stock of capex recovery and sustenance of growth trend shown in past 6 quarters. While the management indicated strong demand scenario for Welding Consumable and Equipments, it also guided a volume growth of 10-15% for FY20 based on rising demand from Oil & Gas sector (especially from refinery upgradation program to comply with euro VI norms), Heavy Engineering, Power, Railways (large wagon orders), Defense, Gas Cylinders (Ujjwala Yojana) etc. The company was at par with its competitors in-terms of new...