Esab India Ltd

Esab India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Esab India Ltd

₹ 5,211 1.05%
12 Jun 11:31 a.m.
esabindia.com BSE: 500133 NSE: ESABINDIA
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 8,021 Cr.
  • Current Price ₹ 5,211
  • High / Low ₹ 6,999 / 4,130
  • Stock P/E 45.7
  • Book Value ₹ 235
  • Dividend Yield 2.14 %
  • ROCE 70.3 %
  • ROE 52.6 %
  • Face Value ₹ 10.0
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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 22.2 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.

Peer comparison

Industrials Capital Goods Industrial Products Other Industrial Products

Part of BSE 500 BSE SmallCap BSE Allcap BSE Industrials BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
265 243 277 267 302 298 303 301 341 330 339 337 368
234 208 233 219 245 240 249 248 279 268 277 282 302
Operating Profit 30 36 45 48 57 58 54 54 62 62 61 55 66
OPM % 11% 15% 16% 18% 19% 19% 18% 18% 18% 19% 18% 16% 18%
1 2 1 3 3 3 2 1 1 1 1 3 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0 1
Depreciation 3 3 3 3 3 3 3 4 4 3 4 4 4
Profit before tax 29 34 43 49 56 57 52 51 60 60 59 55 63
Tax % 26% 25% 26% 25% 26% 25% 26% 26% 26% 26% 27% 26% 24%
21 26 32 36 42 42 38 38 44 44 43 40 47
EPS in Rs 13.86 16.63 20.73 23.59 27.19 27.53 24.95 24.65 28.75 28.88 28.04 26.23 30.81
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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: 30%
3 Years: 17%
1 Year: -11%
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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72%
0.64% 0.63% 0.73% 0.82% 0.95% 1.08% 1.14% 1.26% 1.54% 1.66% 1.84% 1.79%
13.51% 13.48% 13.26% 13.22% 13.01% 13.00% 12.98% 13.02% 13.03% 13.03% 13.10% 12.87%
0.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
11.70% 12.15% 12.27% 12.22% 12.32% 12.19% 12.15% 11.99% 11.69% 11.59% 11.33% 11.60%
No. of Shareholders 17,19917,95817,22718,04118,42218,37519,68518,39518,28819,67419,74920,625

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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