Ador Welding shareholders and shareholding pattern
NSE: ADORBSE: 517041Industrial ProductsSmall Cap
Formerly Advani Oerlikon
Last close ₹1,295.30down ₹49.70 (3.70%)BSE ₹1,295.60
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,345.00.
52-week range of traded prices to 23 Oct 2026
₹848.00Low, 7 Apr 2026₹1,766.40High, 31 Aug 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,254 Cr1,203rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 21 Oct 2026
- 19.5
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 21 Oct 2026
- 4.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.78%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 21 Oct 2026
- 21.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 21 Oct 2026
- 22.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 21 Oct 2026
- 0.05
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 96,83647.2% delivered
Who owns Ador Welding, filing by filing
Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.
Sep 2026 filing
- Promoters53.65%
- Foreign institutions1.06%
- Indian institutions11.17%
- Individuals and others34.12%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Foreign institutions
- Indian institutions
- Individuals and others
| Per cent | Dec 2016Filed 19 Jan | Mar 2017Filed 19 Apr | Jun 2017Filed 19 Jul | Sep 2017Filed 17 Oct | Dec 2017Filed 20 Jan | Mar 2018Filed 19 Apr | Jun 2018Filed 18 Jul | Sep 2018Filed 16 Oct | Dec 2018Filed 16 Jan | Mar 2019Filed 20 May | Jun 2019Filed 22 Jul | Sep 2019Filed 19 Oct | Dec 2019Filed 20 Jan | Mar 2020Filed 2 May | Jun 2020Filed 15 Jul | Sep 2020Filed 13 Oct | Dec 2020Filed 11 Jan | Mar 2021Filed 15 Apr | Jun 2021Filed 9 Jul | Sep 2021Filed 11 Oct | Dec 2021Filed 12 Jan | Mar 2022Filed 19 Apr | Jun 2022Filed 14 Jul | Sep 2022Filed 14 Oct | Dec 2022Filed 19 Jan | Mar 2023Filed 19 Apr | Jun 2023Filed 21 Jul | Sep 2023Filed 13 Oct | Dec 2023Filed 19 Jan | Mar 2024Filed 19 Apr | Jun 2024Filed 12 Jul | Sep 2024Filed 15 Oct | Dec 2024Filed 20 Jan | Mar 2025Filed 14 Apr | Jun 2025Filed 21 Jul | Sep 2025Filed 17 Oct | Dec 2025Filed 20 Jan | Mar 2026Filed 20 Apr | Jun 2026Filed 17 Jul | Sep 2026Filed 21 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 56.69% | 56.69% | 56.69% | 56.69% | 56.69% | 56.69% | 56.70% | 56.70% | 56.70% | 56.70% | 56.71% | 56.71% | 56.69% | 56.75% | 56.75% | 56.75% | 56.85% | 56.89% | 56.90% | 56.90% | 56.90% | 56.90% | 56.90% | 56.90% | 56.90% | 56.90% | 56.90% | 56.90% | 56.90% | 56.90% | 56.94% | 56.94% | 53.24% | 53.70% | 53.70% | 53.72% | 53.73% | 53.76% | 53.76% | 53.65% | |
| Indian promoters | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.34% | 56.34% | 56.34% | 56.34% | 56.34% | 56.34% | 56.33% | 56.39% | 56.39% | 56.39% | 56.48% | 56.53% | 56.54% | 56.54% | 56.54% | 56.54% | 56.54% | 56.54% | 56.54% | 56.54% | 56.54% | 56.54% | 56.54% | 56.54% | 56.58% | 56.69% | 53.04% | 53.51% | 53.51% | 53.53% | 53.54% | 53.56% | 53.56% | 53.45% |
| Foreign promoters | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | 0.25% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. | 43.31% | 43.31% | 43.31% | 43.31% | 43.31% | 43.31% | 43.30% | 43.30% | 43.30% | 43.30% | 43.29% | 43.29% | 43.31% | 43.25% | 43.25% | 43.25% | 43.15% | 43.11% | 43.10% | 43.10% | 43.10% | 43.10% | 43.10% | 43.10% | 43.10% | 43.10% | 43.10% | 43.10% | 43.10% | 43.10% | 43.06% | 43.06% | 46.76% | 46.30% | 46.30% | 46.28% | 46.27% | 46.24% | 46.24% | 46.35% |
| Shares in issue | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,35,98,467 | 1,74,02,815 | 1,74,02,815 | 1,74,02,815 | 1,74,02,815 | 1,74,02,815 | 1,74,02,815 | 1,74,02,815 | 1,74,02,815 |
| Shares locked inShares locked in. Shares the filing reports as barred from sale until a set day, such as promoters' shares after a public issue or shares allotted to an investor directly. | – | – | – | – | – | – | – | – | – | – | – | – | 247 | – | – | – | – | – | – | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | – | – | – | – | – |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Ador Welding promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is J B ADVANI AND COMPANY PVT LIMITED, 45.23%. The filing names 1 more member with no shares.Promoter buying and selling
| Holder | ||
|---|---|---|
| J B ADVANI AND COMPANY PVT LIMITEDIndian companies, trusts and others | 45.23% | 78,71,370 |
| ARUNA BHAGWAN ADVANIIndividuals and Hindu undivided families | 2.26% | 3,93,414 |
| ADITYA TARACHAND MALKANIIndividuals and Hindu undivided families | 1.79% | 3,12,023 |
| NINOTCHKA MALKANI NAGPALIndividuals and Hindu undivided families | 1.65% | 2,87,375 |
| RAJBIR MALKANIIndividuals and Hindu undivided families | 0.75% | 1,30,442 |
| TANIA AJIT MIRCHANDANIIndividuals and Hindu undivided families | 0.56% | 96,762 |
| MICHELLE GULU MALKANIIndividuals and Hindu undivided families | 0.51% | 88,297 |
| SHIRIN ADITYA MALKANIIndividuals and Hindu undivided families | 0.23% | 39,956 |
| PRIYA DARSHINI LAMBERTNon-resident and foreign individuals | 0.20% | 34,050 |
| VIMLA A LALVANIIndividuals and Hindu undivided families | 0.18% | 31,782 |
| DEEP ASHDA LALVANIIndividuals and Hindu undivided families | 0.13% | 22,579 |
| RESHMA ASHDA LALVANIIndividuals and Hindu undivided families | 0.10% | 16,722 |
No promoter shares are reported as pledged.
Largest public holders of Ador Welding, filing by filing
Per cent, on the same shares as the split above.
| Holder | Sep 2017Filed 17 Oct | Dec 2017Filed 20 Jan | Mar 2018Filed 19 Apr | Jun 2018Filed 18 Jul | Sep 2018Filed 16 Oct | Dec 2018Filed 16 Jan | Mar 2019Filed 20 May | Jun 2019Filed 22 Jul | Sep 2019Filed 19 Oct | Dec 2019Filed 20 Jan | Mar 2020Filed 2 May | Jun 2020Filed 15 Jul | Sep 2020Filed 13 Oct | Dec 2020Filed 11 Jan | Mar 2021Filed 15 Apr | Jun 2021Filed 9 Jul | Sep 2021Filed 11 Oct | Dec 2021Filed 12 Jan | Mar 2022Filed 19 Apr | Jun 2022Filed 14 Jul | Sep 2022Filed 14 Oct | Dec 2022Filed 19 Jan | Mar 2023Filed 19 Apr | Jun 2023Filed 21 Jul | Sep 2023Filed 13 Oct | Dec 2023Filed 19 Jan | Mar 2024Filed 19 Apr | Jun 2024Filed 12 Jul | Sep 2024Filed 15 Oct | Dec 2024Filed 20 Jan | Mar 2025Filed 14 Apr | Jun 2025Filed 21 Jul | Sep 2025Filed 17 Oct | Dec 2025Filed 20 Jan | Mar 2026Filed 20 Apr | Jun 2026Filed 17 Jul | Sep 2026Filed 21 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CLARUS CAPITAL IAlternative investment funds | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.37% | 1.67% | 2.45% | 3.18% | 4.05% | 3.60% | 4.59% | 5.12% | 5.41% | 5.75% | 5.80% | 6.22% | 6.83% |
| GIRISH GULATI (HUF)Other non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% |
| INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRSInvestor education fund | – | 2.58% | – | – | – | 1.38% | 1.38% | – | – | – | – | – | – | 1.62% | 1.61% | 1.61% | 1.61% | 1.76% | 1.76% | 1.76% | 1.76% | 1.87% | 1.87% | 1.87% | 1.87% | 1.96% | 1.96% | 1.96% | 1.96% | 1.89% | 1.89% | 1.95% | 1.95% | 2.03% | 2.01% | 1.98% | 1.96% |
| CATAMARAN VENTURES LLPCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.05% |
| ADOR WELDING LIMITED - SUSPENSE ESCROW DEMAT ACCOUNTOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.04% | – | 1.01% | 1.00% | – | – | – | – |
| ADOR WELDING LTD SUSPENSE ESCROW ACCOUNTOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.03% | – | – | – | – | – | – |
| ASHISH KACHOLIAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.13% | 3.22% | 3.22% | 3.22% | 3.22% | 4.22% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.17% | – | – | – | – | – | – | – | – | – | – |
| SUNDARAM ALTERNATIVE OPPORTUNITIES FUND - NANO CAP SERIES IAlternative investment funds | 2.29% | 2.29% | – | – | – | 2.29% | 2.29% | – | – | – | – | – | – | 2.20% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| ITHOUGHTWEALTH ANALYTICS LLPOther non-institutions | – | – | – | – | – | – | – | 1.44% | 1.81% | 1.25% | – | – | 1.62% | 1.10% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SUNDARAM ALTERNATIVE OPPORTUNITIESAlternative investment funds | – | – | 2.29% | 2.29% | 2.29% | – | – | 2.35% | 2.35% | 2.35% | 2.44% | 2.44% | 2.44% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| INVESTOR EDUCATION AND PROTECTION FOther non-institutions | – | – | 1.29% | 1.29% | 1.29% | – | – | 1.38% | 1.54% | 1.53% | 1.53% | 1.53% | 1.53% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| STOCK HOLDING CORPORATION OF INDIAOther non-institutions | – | – | – | – | – | – | – | – | – | – | 1.47% | 1.47% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.