Ador Welding Ltd vs Indef Manufacturing Ltd Stock Comparison

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Last Updated on: May 12, 2026

Key Highlights

The Latest Trading Price of Ador Welding Ltd is ₹ 1033 as of 12 May 14:45 . The P/E Ratio of Ador Welding Ltd changed from 18.6 on March 2022 to 24.3 on March 2025 . This represents a CAGR of 9.32% over 3 yearsThe P/E Ratio of Indef Manufacturing Ltd changed from 24.4 on March 2025 to 24.4 on March 2025 . This represents a CAGR of 0.00% over 1 years The Market Cap of Ador Welding Ltd changed from ₹ 408.36 crore on March 2021 to ₹ 1457 crore on March 2025 . This represents a CAGR of 37.44% over 4 yearsThe Market Cap of Indef Manufacturing Ltd changed from ₹ 832.16 crore on March 2025 to ₹ 832.16 crore on March 2025 . This represents a CAGR of 0.00% over 1 years The revenue of Ador Welding Ltd for the Mar '26 is ₹ 327.51 crore as compare to the Dec '25 revenue of ₹ 291.62 crore. This represent the growth of 12.31% The revenue of Indef Manufacturing Ltd for the Mar '26 is ₹ 0 crore as compare to the Dec '25 revenue of ₹ 55.22 crore. This represent the decline of -100% The ebitda of Ador Welding Ltd for the Mar '26 is ₹ 55.7 crore as compare to the Dec '25 ebitda of ₹ 41.34 crore. This represent the growth of 34.74% The ebitda of Indef Manufacturing Ltd for the Mar '26 is ₹ 0 crore as compare to the Dec '25 ebitda of ₹ 8.29 crore. This represent the decline of -100% The net profit of Ador Welding Ltd changed from ₹ 19.86 crore to ₹ 34.2 crore over 8 quarters. This represents a CAGR of 31.23% The net profit of Indef Manufacturing Ltd changed from ₹ 5.73 crore to ₹ 0 crore over 8 quarters. This represents a CAGR of -100.00% The Dividend Payout of Ador Welding Ltd changed from 37.76 % on March 2022 to 80.07 % on March 2025 . This represents a CAGR of 20.67% over 4 yearsThe Dividend Payout of Indef Manufacturing Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 years .

About Ador Welding Ltd

Ador Welding Limited (AWL) was formerly incorporated as 'Advani Oerlikon Limited' on October 22, 1951 by J B Advani & Co. and the Oerlikon-Buhrle Group (now Unaxis), Switzerland.
The Company name was changed from 'Advani Oerlikon Limited' to 'Ador Welding Limited' on October 16, 2003.
Ador Welding is India's leader in the field of Welding Products, Technologies & Services.
It is also engaged in providing customized solutions for multi-disciplinary projects and contracts related to refineries, oil and gas, petrochemicals, fertilizers, steel plants, pharma, water and other chemical process industries.
The Project Engineering Division (PED) is also gaining strong repute in providing world class Environmental Engineering products & Welding Automation Systems. 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, flux-cored wires and special customised electrodes.

About Indef Manufacturing Ltd

Indef Manufacturing Limited was incorporated in Mumbai, Maharashtra as a public company, pursuant to a certificate of incorporation dated 12th September, 2022, issued by the Registrar of Companies, Mumbai.
The Company was incorporated to undertake the businesses of manufacturing of hoists, cranes and other material handling equipment i.e. the business of Hercules Hoists Limited and specifically the Manufacturing Business. The Scheme of Arrangement for Demerger between Hercules Hoists Limited (HHL) and the Company was implemented in August, 2024.
Pursuant to the scheme transfer, manufacturing business of the holding Company, i.e.
Hercules Hoists Limited was transferred to the Company by way of demerger to segregate the manufacturing business from investment business of Hercules Hoists Limited.

FAQs for the comparison of Ador Welding Ltd and Indef Manufacturing Ltd

Which company has a larger market capitalization, Ador Welding Ltd or Indef Manufacturing Ltd?

Market cap of Ador Welding Ltd is 1,830 Cr while Market cap of Indef Manufacturing Ltd is 988 Cr

What are the key factors driving the stock performance of Ador Welding Ltd and Indef Manufacturing Ltd?

The stock performance of Ador Welding Ltd and Indef Manufacturing Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Ador Welding Ltd and Indef Manufacturing Ltd?

As of May 12, 2026, the Ador Welding Ltd stock price is INR ₹1052.1. On the other hand, Indef Manufacturing Ltd stock price is INR ₹308.9.

How do dividend payouts of Ador Welding Ltd and Indef Manufacturing Ltd compare?

To compare the dividend payouts of Ador Welding Ltd and Indef Manufacturing Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.