This Mumbai based company, formerly known as Advani–Oerlikon , making welding products has been in existence since 1951 and going by its stock price, continues to command respect too.  The company posted a set of very good numbers for Q2FY17, mainly on the back of improvement in its consumables segment. The company posted a 11% (YoY) rise in net sales at Rs.102 crore and net profit came in at Rs.5 crore, up 50%. Consequently, NPM improved from less than 4% to 5.2% 7% in current Q2. EBITDA was up 17% at Rs.11 crore.

The company has two segments – Consumables and equipment and Project engineering (EPE). Consumables, which contributed 66% to the total turnover in previous fiscal, increased its share to over 72% in current Q1. It did well with revenue rising 9% and EBIT going up 32%. On the other hand, EPE segment, which in Q1FY16 contributed 34% to total revenue, in current Q2 came down to 28%. Turnover from this segment showed a 16% rise and at EBIT level, it showed a drop of 10% at a mere Rs.60 lakh.

Equity stands at Rs.13.60 crore with borrowings ( only short term) at Rs,3 crore and cash stands at Rs.5 crore.  Promoters holding is at 56.69%.  Annualised EPS stands at Rs.10 (face value Rs.10).