Ador Welding Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ADOR, BSE:517041 Ador Welding Ltd.

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Ador Welding Ltd.

20 Jan 2026

1012.60

-1.49%

Ador Welding: Q3FY26 Result Review

Buy: Ador Welding Ltd.

Recommendation Target

IDBI Capital

Ador Welding (AWL) reported favourable financial performance in Q3FY26. Two important points to note are that there is Rs 84.4mn of doubtful receivables from the troubled Kuwait project which has been now recovered and treated as other income and Rs 59mn of exceptional loss which has been charged due to increase in leave encashment and gratuity owing to revised wage definitions due to the new labour code. Adjusting for these items the core performance is more or less similar to the Q2FY26 performance which is still commendable in light of the weak steel prices in the quarter. FY27 should see the start of...

Ador Welding Ltd. is trading below all available SMAs

Ador Welding Ltd.

17 Oct 2025

1012.60

-1.49%

Ador Welding: Q2FY26 Result Review

Hold: Ador Welding Ltd.

Recommendation

IDBI Capital

Ador Welding (AWL) reported decent financial performance in Q2FY26, with slight ~4% growth YoY in revenue, on the back of improved realizations, but the volumes stayed put. The current margins are expected to be the baseline level and sustainable in the future. The ONGC Uran Flares project is expected to be completed this quarter and hence we expect no further surprises going ahead. FY27 should see the start of improved profitability reflecting only core business performance with minimal impact of the project business. Ador is gearing up to tap opportunities in the domestic capex upcycle from industries such as defense...

Ador Welding Ltd. has an average target of 1251.00 from 1 broker.

Ador Welding Ltd.

19 Aug 2025

1012.60

-1.49%

Ador Welding: Q1FY26 Result Review

Buy: Ador Welding Ltd.

Target

IDBI Capital

Ador Welding (AWL) reported poor financial performance in Q1FY26 primarily impacted by write offs pertaining to the ONGC Uran Flares Project. Although the Rs 279 mn of provision related to the ONGC project is a significant negative, we expect this to factor in the major operating loss for the said project in FY26. We fine tune our estimates downwards to factor in the same.FY27 should see the start of improved profitability reflecting only core business performance without any impact of the project business. Valuations at 14xFY27 expected earnings are attractive and we believe the company is gearing up to tap the...