Ador Welding Limited has informed the Exchange about Transcript
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Ador Welding held an analyst meet on April 30, 2026 where management discussed FY26 performance with standalone revenue of INR 1,135 crores (up 2% YoY), EBITDA margin at 12%, and gross margin at 38%. The company guided for 100-200 bps EBITDA margin improvement over coming periods driven by operational efficiencies and better product mix. The Flares and Process Equipment division has been restructured and merged into the welding business, with Uran project at 96-97% completion and Kuwait recovery of INR 14 crores completed. Key growth initiatives include Miller partnership for submerged arc welding, automation focus (robotics, cobots, laser), and expansion in shipbuilding where 75-80% approvals are in place. Capex guidance is INR 30-35 crores for FY27. The company reiterated its INR 2,000 crore revenue target by FY29 and mentioned it is open to targeted acquisitions focused on technology.
Management's margin improvement guidance of 100-200 bps and restructuring of the loss-making Process Equipment division should be positive for profitability. The focus on automation and shipbuilding approvals signals diversification beyond core consumables, though near-term revenue growth remains tied to IIP and steel consumption trends.