ADOR
Ador Welding Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
ADOR
FY26 → FY29 · 3 years of guidance · ~2.7 years from today₹1,445 today
BEAR
₹1,221
-16%-6% a yr
10.8% a year · 18.9x exit
BASE
₹1,666
+15%+6% a yr
18.8% a year · 20.9x exit
BULL
₹2,593
+80%+25% a yr
25.5% a year · 27.6x exit
Where the market has priced it
10x30x today34x
- at 30x its FY26 earnings the stock already trades above the top of its own ten-year range (28x)
- this company's own median multiple sits 43% below its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹47.58 (screener) |
|---|---|
| Guided growth | 18.8% a year, said on the call of 04-May-2026 · transcript |
| Read across as | stated FY29 revenue target of Rs 2000.0 crore, read as flat-margin earnings growth — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 18.85x / 20.91x / 27.57x, this company’s own p20 / median / p80 across 9 filed years |
| Filed-industry peers | median 36.75x across 9 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)3 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
implied earnings growth 19%
Call 04-May-2026 · bridge confidence medium · transcript PDF