June 16, 2021

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Ador Welding – Focusing On Core Welding Business To Regain Growth: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

We recently attended the analyst meet of Ador Welding Ltd.

The company aims to focus on core welding business, reduce legacy costs while streamlining projects business to regain growth momentum and improve profitability.

In the domestic welding business, it aims to focus on improving margins, realisations with reconfiguration of manufacturing systems, cost rationalisation, advanced product developments, reduction of logistics costs and optimised product mix.

In welding automation business, it aims to focus on improving strike ratio of orders, enhance product portfolio.

In projects business, it aims to focus on flares, process equipment business, stable revenue growth, increase margins, better cash flows and reduced costs.

Click on the attachment to read the full report:

ICICI Direct Ador Welding Company Update.pdf

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ICICI Direct
2021-06-11 05:22:05

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