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Commentary (9 May 2024 @ 06:00):

Stats
Today's Volume	18 785.00
Average Volume	29 920.00
Market Cap	17.95B
EPS	INR0 ( 2024-01-31 )
Next earnings date	( INR0 ) 2024-05-28
Last Dividend	INR17.50 ( 2023-08-02 )
Next Dividend	INR0 ( N/A )
P/E	28.38
ATR14	INR2.53 (0.19%)

Volume Correlation

Long: -0.54 (weak negative)

Short: -0.88 (strong negative)

Signal:(50.935) Neutral

Ador Welding Limited Correlation

10 Most Positive Correlations
IZMO.NS	0.923
SETF10GILT.NS	0.918
AUROPHARMA.NS	0.912
GTNTEX.NS	0.91
BHARATWIRE.NS	0.908
GISOLUTION.NS	0.901
MOGSEC.NS	0.889
ANURAS.NS	0.888
ANMOL.NS	0.884
CAREERP.NS	0.883

10 Most Negative Correlations
STARTECK.NS	-0.887
SEYAIND.NS	-0.876
ESABINDIA.NS	-0.859
SUNCLAYLTD.NS	-0.853
GENESYS.NS	-0.852
SOBHA.NS	-0.851
EASTSILK.NS	-0.847
ORTINLAB.NS	-0.846
GRMOVER.NS	-0.845
TEAMLEASE.NS	-0.843

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Ador Welding Limited Correlation - Currency/Commodity

0.24
( neutral )

0.10
( neutral )

0.49
( neutral )

0.06
( neutral )

0.13
( neutral )

-0.14
( neutral )

Ador Welding Limited Financials

Annual	2023
Revenue:	INR8.84B
Gross Profit:	INR2.06B (23.26 %)
EPS:	INR46.46

FY	2023
Revenue:	INR8.84B
Gross Profit:	INR2.06B (23.26 %)
EPS:	INR46.46

FY	2022
Revenue:	INR7.77B
Gross Profit:	INR2.54B (32.65 %)
EPS:	INR43.60

FY	2022
Revenue:	INR6.57B
Gross Profit:	INR1.57B (23.92 %)
EPS:	INR33.21

Financial Reports:

No articles found.

Ador Welding Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR12.50 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR17.50 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Ador Welding Limited Dividend Information - Dividend Knight

Dividend Sustainability Score: 9.77 - good (97.73%) | Divividend Growth Potential Score: 3.82 - Decrease likely (23.65%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR2.20	2002-07-18
Last Dividend	INR17.50	2023-08-02
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	22	--
Total Paid Out	INR146.20	--
Avg. Dividend % Per Year	1.04%	--
Score	3.17	--
Div. Sustainability Score	9.77
Div.Growth Potential Score	3.82
Div. Directional Score	6.80	--

Next Divdend (Est)
(2024-06-10)

INR19.38 Estimate 3.12 %

Dividend Stability

0.25 Very Poor

Dividend Score

3.17

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2002	INR0	0.00%
2003	INR0	0.00%
2004	INR0	0.00%
2005	INR0	0.00%
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR5.00	1.31%
2019	INR6.50	1.70%
2020	INR6.50	2.20%
2021	INR0	0.00%
2022	INR12.50	1.75%
2023	INR17.50	2.03%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
TASTYBITE.NS	Dividend Junior	2023-07-14	Annually	8	0.01%
NGIL.NS	No Dividend Player	2023-09-21	Annually	4	0.08%
IGPL.NS	Dividend Junior	2023-08-17	Sporadic	18	1.12%
CHEMFAB.NS	Dividend Junior	2023-08-22	Sporadic	7	0.32%
SALASAR.NS	Dividend Junior	2023-09-15	Annually	8	1.41%
LUMAXIND.NS	Dividend Junior	2023-08-10	Annually	23	1.26%
GICRE.NS	Dividend Junior	2023-09-07	Sporadic	7	1.34%
ASAHISONG.NS	Dividend Junior	2023-09-21	Annually	14	0.59%
TIMETECHNO.NS	Dividend Junior	2023-09-18	Annually	17	0.93%
PANAMAPET.NS	Dividend Junior	2023-08-22	Annually	14	1.73%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0715	1.500	8.57	10.00	[0 - 0.5]
returnOnAssetsTTM	0.121	1.200	5.95	7.14	[0 - 0.3]
returnOnEquityTTM	0.188	1.500	9.02	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	2.16	0.800	4.18	3.34	[1 - 3]
quickRatioTTM	1.174	0.800	7.80	6.24	[0.8 - 2.5]
cashRatioTTM	0.0184	1.500	-1.009	-1.513	[0.2 - 2]
debtRatioTTM	0.0832	-1.500	8.61	-10.00	[0 - 0.6]
interestCoverageTTM	30.65	1.000	10.00	10.00	[3 - 30]
operatingCashFlowPerShareTTM	14.75	2.00	5.08	10.00	[0 - 30]
freeCashFlowPerShareTTM	14.75	2.00	2.62	5.25	[0 - 20]
debtEquityRatioTTM	0.119	-1.500	9.52	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.305	1.000	8.26	8.26	[0.2 - 0.8]
operatingProfitMarginTTM	0.0933	1.000	-0.134	-0.134	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.463	1.000	8.54	8.54	[0.2 - 2]
assetTurnoverTTM	1.698	0.800	2.02	1.612	[0.5 - 2]
Total Score				9.77

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	28.94	1.000	7.18	0	[1 - 100]
returnOnEquityTTM	0.188	2.50	9.37	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	14.75	2.00	5.08	5.25	[0 - 30]
dividendYielPercentageTTM	1.301	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	14.75	2.00	5.08	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	-0.207	1.500	-4.71	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0227	1.000	-1.933	0	[0.1 - 0.5]
Total Score				3.82

Ador Welding Limited

Ador Welding Limited manufactures and supplies welding equipment, consumables, and automation solutions in India and internationally. The company operates through three segments: Consumables; Equipments and Automation; and Flares & Process Equipment. It provides welding electrodes, including mild steel general purpose, mild steel special, low alloy high tensile, cellulosic, hard facing, stainless steel, gouging and cutting, cast iron, and non-ferrous electrodes; wires and fluxes products comprising submerged arc welding fluxes and wires, and flux cored arc welding products, as well as metal cored arc wire, gas metal arc welding (GMAW), and gas tungsten arc welding (GTAW) products; and brazing rods and fluxes. The company also offers welding and cutting equipment, such as air plasma cutting, submerged arc welding, advanced multipurpose synergic, GMAW, TIG Welding, and MMA equipment; gas cutting products, gas cutting-welding accessories, flares and process equipment, and personal protective equipment; and CNC cutting machines. In addition, it engages in the designing, manufacturing, erection, commissioning, mechanical, electrical, and instrumentation of process packages, process equipment, and flare system and components, as well as undertakes various EPC contracts. Further, the company provides welding automation products consisting of robotic systems, columns, booms, positioners, rotators, and special purpose machines; and offers skill development services. It serves pipeline, oil and gas, power, heavy engineering, shipbuilding, railway, automotive, infrastructure, transportation, and mobility sectors. The company was formerly known as Advani-Oerlikon Ltd. The company was incorporated in 1951 and is headquartered in Mumbai, India. Ador Welding Limited is a subsidiary of J. B. Advani & Company Private Limited.