Ador Welding Ltd

Ador Welding Ltd (ADORWELD)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-1.15 %
3 Month Return7.19 %
1 Year Return55.53 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 48
Rank 24
Rank 23
Dividend Yield
Rank 45
Rank 54
Price To Book Ratio
Rank 44
Debt To Asset
Rank 49

Company Information

Ador Welding LtdAWL formerly known as Advani Oerlikon Ltd was promoted on 22 Oct.1951 by J B Advani Co and the OerlikonBuhrle group now unaxis Switzerland. It is Indias leader in the field of Welding Products Technologies Services. Over the last 50 years AWL has successfully built a brand that is recognized for Quality Services in over 40 Countries today. With six manufacturing plants a comprehensive distribution highly acclaimed Centre for Welding Excellence CWE AWL continues to provide the highest level of Customer Satisfaction. The Project Engineering Division PED is also gaining strong repute in providing world class Environmental Engineering products Welding Automation Systems. The Company changed to its present name in September 2003 from Advani Oerlikon Ltd.AWL has six manufacturing plants at Bhandup Chinchwad Raipur Chennai Pimpri and Silvassa offers a welding package which includes a wide variety over 200 types of electrodes fluxes fluxcored wires and special customised electrodes. The company has installed capacity of 107800 tpa for Arc Welding Electrodes Continuous Welding Wires and Fluxes. It caters to the steel shipbuilding defence power automobile general fabrication and engineering industries. The company has Two Technology Development Centres TDC at Bhandup Mumbai and Chinchwad Pune in Maharashtra. These TDCs continue to pursue their goals with renewed vigour in terms of innovations improvements and cost reductions.The company came out with a rights issue in Jan.1994 to part finance the modernisation of its plants for consumables and equipment manufacture. The company has technical collaborations with two welding companies Oerlikon Burhle Switzerland and La Soudure Autogene Francaise France. Certification from internationally accepted inspection agencies Lloyds Register of Shipping Det Norske Veritas American Bureau of Shipping and Bureau Veritas makes Advani Oerlikons products globally acceptable. It has also received the ISO9002 certification for its 100 EOU.During 199899 Semiconductor Limited a 100 subsidiary company was amalgamated with AOL. Now company has no subsidiary company. The company has provided facilities for holding shares in demat mode by signining agreement with NSDL Central Depositary Services I Ltd the same is expected to start its operation soon and expand its reach. The company made buy back of 2229833 equity shares Rs.20/ per shares totalling to Rs.4.46 crores in 200203. M/s Oerlikon Welding Limited the overseas promoter has exited from their financial particpation from the company by offering entire stake in the buy back scheme. Pursuant to the court order an associate company M/s Ador Technologies Limited was amalgamated with the company with effect from appointed date 1st April2002.In 2006 the manufacturing operations at Ahmednagar plant have been shifted to Chennai plant for attaining economies of scale in wire products.
OrganisationAdor Welding Ltd
IndustryCapital Goods-Non Electrical Equipment