Esab India Ltd

₹ 5,840 -1.06%

21 Jul 3:21 p.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 ₹ 8,990 Cr.
Current Price ₹ 5,840
High / Low ₹ 7,325 / 4,710
Stock P/E 46.6
Book Value ₹ 279
Dividend Yield 1.29 %
ROCE 64.7 %
ROE 48.8 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 52.3%
Company has been maintaining a healthy dividend payout of 72.0%

Cons

Stock is trading at 20.9 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 Industrials BSE 1000

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	302	298	303	301	341	330	339	337	368	352	382	379	396
	245	240	249	248	279	268	277	282	302	293	309	303	333
Operating Profit	57	58	54	54	62	62	61	55	66	59	72	76	63
OPM %	19%	19%	18%	18%	18%	19%	18%	16%	18%	17%	19%	20%	16%
	3	3	2	1	1	1	1	3	2	1	33	-13	2
Interest	0	0	0	0	0	0	0	0	1	1	0	1	0
Depreciation	3	3	3	4	4	3	4	4	4	4	4	4	4
Profit before tax	56	57	52	51	60	60	59	55	63	55	101	58	60
Tax %	26%	25%	26%	26%	26%	26%	27%	26%	24%	26%	22%	26%	27%
	42	42	38	38	44	44	43	40	47	41	79	43	44
EPS in Rs	27.19	27.53	24.95	24.65	28.75	28.88	28.04	26.23	30.81	26.60	51.45	27.93	28.29
Raw PDF

Upcoming result date: 11 August 2026

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015 15m	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	552	451	466	543	672	698	681	896	1,091	1,243	1,373	1,508
	507	406	422	491	593	601	598	775	904	1,014	1,129	1,238
Operating Profit	45	45	44	52	79	97	83	121	187	229	245	270
OPM %	8%	10%	9%	10%	12%	14%	12%	13%	17%	18%	18%	18%
	-0	6	4	11	16	14	11	5	8	6	8	23
Interest	0	0	0	0	0	1	2	1	0	2	2	3
Depreciation	14	10	10	10	11	13	12	11	12	14	15	17
Profit before tax	31	41	38	53	84	97	81	114	182	220	236	274
Tax %	23%	31%	29%	29%	32%	27%	26%	26%	26%	26%	26%	25%
	24	28	27	37	58	71	59	84	136	163	175	207
EPS in Rs	15.36	18.41	17.45	24.13	37.41	46.39	38.52	54.77	88.14	105.88	113.96	134.28
Dividend Payout %	7%	5%	6%	4%	241%	151%	114%	110%	88%	81%	79%	56%

Compounded Sales Growth
10 Years:	13%
5 Years:	17%
3 Years:	11%
TTM:	10%

Compounded Profit Growth
10 Years:	21%
5 Years:	27%
3 Years:	13%
TTM:	10%

Stock Price CAGR
10 Years:	26%
5 Years:	26%
3 Years:	9%
1 Year:	3%

Return on Equity
10 Years:	32%
5 Years:	49%
3 Years:	52%
Last Year:	49%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	15	15	15	15	15	15	15	15	15	15	15	15
Reserves	274	300	327	363	251	322	244	229	245	291	346	414
	0	0	1	0	0	5	3	3	4	5	4	3
	80	70	85	102	112	116	126	189	210	240	284	266
Total Liabilities	369	386	428	480	379	458	388	436	474	551	649	699
	83	78	76	80	83	86	90	90	95	125	136	148
CWIP	1	5	7	8	3	7	3	3	20	4	9	6
Investments	122	120	147	125	30	70	41	31	0	0	24	44
	163	183	198	269	262	295	255	312	359	421	480	502
Total Assets	369	386	428	480	379	458	388	436	474	551	649	699

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	16	18	36	30	67	57	72	85	129	141	199	181
	-12	-9	-23	9	102	-120	66	20	5	-55	-15	-46
	-2	-2	-2	-41	-163	39	-139	-102	-122	-81	-157	-143
Net Cash Flow	3	7	12	-2	6	-24	-0	3	12	5	27	-8
Free Cash Flow	11	8	22	13	56	37	62	74	98	115	171	150
CFO/OP	63%	68%	110%	89%	115%	84%	114%	94%	92%	87%	106%	95%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	29	37	37	40	35	44	53	55	51	55	60	61
Inventory Days	55	76	77	76	58	66	61	68	67	55	59	58
Days Payable	56	56	71	78	71	74	80	93	82	65	87	86
Cash Conversion Cycle	28	57	43	38	21	36	34	30	36	45	32	34
Working Capital Days	22	39	34	67	48	40	46	30	30	25	26	40
ROCE %	15%	14%	13%	15%	26%	32%	27%	44%	71%	77%	70%	65%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Manufactured goods as % of product revenue
%

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
x	x	x	x	x	x	x	x	x	x
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	xx.xx
							xxx	xxx	xxx
							xx	xx	xx
							xx	xx	xx
							xx	xx	xx

Please log in to see hidden values.

Number of employees
count

Number of manufacturing plants
count

Overseas (export) revenue as % of total revenue
%

Number of dealers/distributors
count

Number of offices
count

Sales to dealers / distributors as % of total sales
%

Sales to top 10 dealers / distributors as % of total dealer sales
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%
	1.08%	1.14%	1.26%	1.54%	1.66%	1.84%	1.79%	1.56%	1.53%	1.51%	1.56%	1.62%
	13.00%	12.98%	13.02%	13.03%	13.03%	13.10%	12.87%	12.82%	12.77%	12.93%	12.88%	12.87%
	12.19%	12.15%	11.99%	11.69%	11.59%	11.33%	11.60%	11.89%	11.98%	11.84%	11.84%	11.78%
No. of Shareholders	18,375	19,685	18,395	18,288	19,674	19,749	20,625	21,625	21,499	20,215	19,837	20,083

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%	73.72%
	3.18%	10.60%	10.14%	10.00%	3.84%	0.21%	0.82%	1.26%	1.79%	1.56%	1.62%
	1.10%	1.58%	1.32%	4.11%	10.06%	13.68%	13.22%	13.02%	12.87%	12.88%	12.87%
	0.00%	0.29%	0.32%	0.32%	0.40%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%
	22.00%	13.81%	14.50%	11.85%	11.98%	11.97%	12.22%	11.99%	11.60%	11.84%	11.78%
No. of Shareholders	9,472	11,081	10,456	10,729	14,526	14,844	18,041	18,395	20,625	19,837	20,083

* 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.

Click on the line-items to see the names of individual entities.

Esab India Ltd

Esab India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings