Ador Welding (NSE:ADOR) Operating Income: ₹1,245 Mil (TTM As of Jun. 2026)

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NSE:ADOR Ador Welding Ltd NSE:ADOR
78 GF Score
Price ₹1,477.90
GF Value ₹1,179.65
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Ador Welding Operating Income?

Ador Welding NSE:ADOR -1.94% 78 Operating Income is ₹1,245 Mil as of Jun. 2026. GuruFocus rates NSE:ADOR with a GF Score™ of 78/100 and a GF Value™ of ₹1,179.65 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Ador Welding's Operating Income for the three months ended in Jun. 2026 was ₹307 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹1,245 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ador Welding's Operating Income for the three months ended in Jun. 2026 was ₹307 Mil. Ador Welding's Revenue for the three months ended in Jun. 2026 was ₹3,095 Mil. Therefore, Ador Welding's Operating Margin % for the quarter that ended in Jun. 2026 was 9.93%.

Ador Welding's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ador Welding's annualized ROC % for the quarter that ended in Jun. 2026 was 19.12%. Ador Welding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 41.50%.


Ador Welding  (NSE:ADOR) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Ador Welding's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=1228.8 * ( 1 - 25.26% )/( (4802.2 + 0)/ 1 )
=918.40512/4802.2
=19.12 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Ador Welding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1509.6/( ( (1981.3 + max(1656.2, 0)) + (0 + max(0, 0)) )/ 1 )
=1509.6/( ( 3637.5 + 0 )/ 1 )
=1509.6/3637.5
=41.50 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2319.7 + 1518.7 + 342.6) - (2314 + 0 + 210.8)
=1656.2

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Ador Welding's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=307.2/3094.6
=9.93 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Ador Welding Operating Income Related Terms


Ador Welding Operating Income Historical Data

* Premium members only.

The historical data trend for Ador Welding's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ador Welding Operating Income Chart

Ador Welding Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 485.40 795.10 1,100.00 919.90 1,154.70

Ador Welding Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -91.60 299.80 303.40 334.20 307.20
NSE:ADOR
78GF Score
Ador Welding Ltd NSE:ADOR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ador Welding Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹1,245 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹1,245 Mil mean?
Ador Welding (NSE:ADOR) has a Operating Income of ₹1,245 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ador Welding and its competitors.
Is Ador Welding's Operating Income too high?
Ador Welding's current Operating Income is ₹1,245 Mil. Overall, Ador Welding has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ador Welding's Operating Income compare to GEV and ETN?
Ador Welding's Operating Income of ₹1,245 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Industrial Products company?
A good Operating Income depends on the Industrial Products industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ador Welding and its competitors. Ador Welding's current Operating Income is ₹1,245 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ador Welding stock overvalued right now?
Based on GuruFocus' analysis, Ador Welding (NSE:ADOR) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,179.65, compared to a current price of ₹1,477.90 — trading 25.3% above its estimated fair value. The current Operating Income is ₹1,245 Mil. Ador Welding's overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Ador Welding (NSE:ADOR), the current Operating Income is ₹1,245 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ador Welding (NSE:ADOR) Overvalued in 2026?

Based on GuruFocus' analysis, Ador Welding stock appears to be overvalued. The current stock price of ₹1,477.90 is trading 25.3% above its estimated GF Value™ of ₹1,179.65. GuruFocus considers Ador Welding to be Modestly Overvalued.

Key valuation signals for NSE:ADOR:

  • Operating Income: ₹1,245 Mil
  • GF Value™: ₹1,179.65 vs. price of ₹1,477.90 (25.3% above fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the NSE:ADOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ador Welding Business Description

Other Exchanges 517041:India
Address K. Dubash Marg, Ador House, 6, Fort, Mumbai, MH, IND, 400001
Ador Welding Ltd is a welding and cutting solution provider offering welding consumables, and equipment, automation solutions, and skill development. The strategic business units are welding electrodes, wires, and fluxes, welding and cutting equipment, gas cutting, PPE and accessories and CNC machines, project engineering solutions, and welding automation. The Company has three reportable business segments: i) Products ii) Services; and iii) Maintenance & Reclamation (M&R). Geographically, the company generates a majority of its revenue within India and the rest from other markets.
78GF Score

Get the complete analysis for NSE:ADOR

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,477.90
Price
₹1,179.65
GF Value