Esab India Ltd
ESAB India Ltd is a leading supplier of welding and cutting products in India. It is a subsidiary of ESAB Group which was ultimately owned by the Colfax Corporation of USA.[1]
- Market Cap ₹ 7,935 Cr.
- Current Price ₹ 5,155
- High / Low ₹ 6,999 / 4,130
- Stock P/E 45.2
- Book Value ₹ 235
- Dividend Yield 2.15 %
- ROCE 70.3 %
- ROE 52.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 54.2%
- Company has been maintaining a healthy dividend payout of 68.8%
Cons
- Stock is trading at 22.0 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Mar 2015 15m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
434 | 552 | 451 | 466 | 543 | 672 | 698 | 681 | 896 | 1,091 | 1,243 | 1,373 | |
383 | 507 | 406 | 422 | 491 | 593 | 601 | 598 | 775 | 904 | 1,016 | 1,129 | |
Operating Profit | 51 | 45 | 45 | 44 | 52 | 79 | 97 | 83 | 121 | 187 | 228 | 245 |
OPM % | 12% | 8% | 10% | 9% | 10% | 12% | 14% | 12% | 13% | 17% | 18% | 18% |
8 | -0 | 6 | 4 | 11 | 16 | 14 | 11 | 5 | 8 | 6 | 8 | |
Interest | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 0 | 0 | 2 |
Depreciation | 11 | 14 | 10 | 10 | 10 | 11 | 13 | 12 | 11 | 12 | 14 | 15 |
Profit before tax | 47 | 31 | 41 | 38 | 53 | 84 | 97 | 81 | 114 | 182 | 220 | 236 |
Tax % | 30% | 23% | 31% | 29% | 29% | 32% | 27% | 26% | 26% | 26% | 26% | 26% |
33 | 24 | 28 | 27 | 37 | 58 | 71 | 59 | 84 | 136 | 163 | 175 | |
EPS in Rs | 21.52 | 15.36 | 18.41 | 17.45 | 24.13 | 37.41 | 46.39 | 38.52 | 54.77 | 88.14 | 105.88 | 113.96 |
Dividend Payout % | 5% | 7% | 5% | 6% | 4% | 241% | 151% | 114% | 110% | 88% | 81% | 37% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 15% |
3 Years: | 15% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 20% |
3 Years: | 28% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 29% |
3 Years: | 15% |
1 Year: | -15% |
Return on Equity | |
---|---|
10 Years: | 28% |
5 Years: | 43% |
3 Years: | 54% |
Last Year: | 53% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Reserves | 252 | 274 | 300 | 327 | 363 | 251 | 322 | 244 | 229 | 245 | 291 | 346 |
0 | 0 | 0 | 1 | 0 | 0 | 5 | 3 | 3 | 4 | 5 | 4 | |
83 | 80 | 70 | 85 | 102 | 112 | 116 | 126 | 189 | 210 | 240 | 282 | |
Total Liabilities | 350 | 369 | 386 | 428 | 480 | 379 | 458 | 388 | 436 | 474 | 551 | 647 |
96 | 83 | 78 | 76 | 80 | 83 | 86 | 90 | 90 | 95 | 125 | 136 | |
CWIP | 3 | 1 | 5 | 7 | 8 | 3 | 7 | 3 | 3 | 20 | 4 | 9 |
Investments | 105 | 122 | 120 | 147 | 125 | 30 | 70 | 41 | 31 | 0 | 0 | 24 |
147 | 163 | 183 | 198 | 269 | 262 | 295 | 255 | 312 | 359 | 421 | 478 | |
Total Assets | 350 | 369 | 386 | 428 | 480 | 379 | 458 | 388 | 436 | 474 | 551 | 647 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
35 | 16 | 18 | 36 | 30 | 67 | 57 | 72 | 85 | 129 | 141 | 199 | |
-27 | -12 | -9 | -23 | 9 | 102 | -120 | 66 | 20 | 5 | -55 | -15 | |
-14 | -2 | -2 | -2 | -41 | -163 | 39 | -139 | -102 | -122 | -81 | -157 | |
Net Cash Flow | -6 | 3 | 7 | 12 | -2 | 6 | -24 | -0 | 3 | 12 | 5 | 27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 29 | 37 | 37 | 40 | 35 | 44 | 53 | 55 | 51 | 55 | 60 |
Inventory Days | 82 | 55 | 76 | 77 | 76 | 58 | 66 | 61 | 68 | 67 | 55 | 59 |
Days Payable | 70 | 56 | 56 | 71 | 78 | 71 | 74 | 80 | 93 | 82 | 65 | 87 |
Cash Conversion Cycle | 35 | 28 | 57 | 43 | 38 | 21 | 36 | 34 | 30 | 36 | 45 | 31 |
Working Capital Days | 18 | 22 | 39 | 34 | 67 | 48 | 40 | 47 | 31 | 31 | 26 | 33 |
ROCE % | 19% | 15% | 14% | 13% | 15% | 26% | 32% | 27% | 44% | 71% | 76% | 70% |
Documents
Announcements
- Closure of Trading Window 27 Jun
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Board Meeting Intimation for Submission Of Board Meeting Intimation Under Regulation 29(1)(A) And
Intimation Of Closure Of Trading Window Under SEBI (Listing Obligations And
Disclosure Requirements) Regulations, 2015 (LODR)
27 Jun - Board meeting on 11 Aug 2025 for Q1 unaudited results; trading window closed 1 Jul-13 Aug 2025.
- Financial Results For The Quarter And Year Ended 31St March 2025 28 May
-
Record Date Intimation As Per Regulation 42 Of SEBI (Listing Obligations And Disclosure
Requirements) Regulations, 2015.
28 May - Record date set as 7 Aug 2025 for 38th AGM and potential final dividend declaration.
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 27Th May 2025
27 May - FY25 audited results approved; final dividend Rs.42/share; AGM on 14 Aug 2025; revenue Rs.138,125 lakhs.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Product Offerings
The company's products include welding consumables, arc welding equipment, plasma, cutting automation, gas equipment, welding automation & robotics, digital solutions, and PPE & accessories. [1]