Is Ador Welding overvalued or undervalued?

As of 29 August 2025, the valuation grade for Ador Welding has moved from very attractive to attractive, indicating a shift in market perception. The company appears to be fairly valued at present. Key ratios include a PE ratio of 35.98, an EV to EBITDA of 21.49, and a dividend yield of 2.18%.
In comparison to peers, Ador Welding's PE ratio is higher than Graphite India, which stands at 27.78, but lower than HEG and Esab India, which are considered very expensive with PE ratios of 45.53 and 45.83, respectively. Despite recent underperformance, with a year-to-date return of -17.14% compared to a 2.14% gain in the Sensex, the long-term perspective remains positive, as evidenced by a 5-year return of 234.10%.