WEBSITE BSE:500133 NSE: ESAB INDIA Inc. Year: 1987 Industry: Electrodes & Welding Equipment My Bucket: Add Stock
Last updated: 15:59
ESAB India Limited is an India-based business enterprise, which is engaged inside the manufacturing of welding and cutting equipment and consumables. Its product line consists of arc welding equipment, cutting automation, PPE and accessories, plasma, welding consumables, gas gadget, arc gouging (CAC-A) and exothermic reducing, welding automation and robotics and ESAB virtual solutions (EDS). Its arc welding device products encompass MMA Equipment (CC), TIG Equipment, MIG Equipment (CV) and Multi-Process Equipment. Its PPE merchandise include he...Read More
ESAB India Limited is an India-based business enterprise, which is engaged inside the manufacturing of welding and cutting equipment and consumables. Its product line consists of arc welding equipment, cutting automation, PPE and accessories, plasma, welding consumables, gas gadget, arc gouging (CAC-A) and exothermic reducing, welding automation and robotics and ESAB virtual solutions (EDS). Its arc welding device products encompass MMA Equipment (CC), TIG Equipment, MIG Equipment (CV) and Multi-Process Equipment. Its PPE merchandise include helmets and head protection, gloves, clothing, eye safety and accessories. Its welding consumables consist of covered electrodes, gasoline-shielded flux-cored wires (FCAW), self-shielded flux-cored wires (FCAW), metal-cored wires (MCAW) and speciality alloys. Its manufacturers include Arcair, Exaton, GASARC, Stoody, Thermal Dynamics, Tweco and Victor Gas Equipment. It serves diverse industries, along with aerospace, metal provider facilities, and wind. ...Read Less
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Market Cap ₹9096 Cr.
Stock P/E 51.9
P/B 19.8
Current Price ₹5909.1
Book Value ₹ 298.6
Face Value 10
52W High ₹6424
Dividend Yield 1.52%
52W Low ₹ 4529.9
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 303 | 301 | 341 | 330 | 339 | 337 | 368 | 352 | 382 | 379 |
| Other Income | 2 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 2 | 1 |
| Total Income | 304 | 302 | 342 | 331 | 340 | 341 | 370 | 353 | 384 | 380 |
| Total Expenditure | 249 | 248 | 277 | 268 | 277 | 282 | 302 | 293 | 309 | 303 |
| Operating Profit | 56 | 55 | 65 | 63 | 63 | 59 | 68 | 60 | 75 | 77 |
| Interest | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 1 | 0 | 1 |
| Depreciation | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31 | -14 |
| Profit Before Tax | 52 | 51 | 60 | 60 | 59 | 55 | 63 | 55 | 101 | 58 |
| Provision for Tax | 14 | 13 | 16 | 15 | 16 | 14 | 15 | 14 | 22 | 15 |
| Profit After Tax | 38 | 38 | 44 | 44 | 43 | 40 | 47 | 41 | 79 | 43 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 38 | 38 | 44 | 44 | 43 | 40 | 47 | 41 | 79 | 43 |
| Adjusted Earnings Per Share | 25 | 24.7 | 28.8 | 28.9 | 28 | 26.2 | 30.8 | 26.6 | 51.5 | 27.9 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 552 | 451 | 466 | 532 | 672 | 698 | 689 | 908 | 1104 | 1259 | 1390 | 1481 |
| Other Income | 11 | 8 | 13 | 13 | 17 | 14 | 11 | 5 | 8 | 6 | 8 | 6 |
| Total Income | 563 | 459 | 480 | 545 | 688 | 711 | 700 | 913 | 1112 | 1266 | 1398 | 1487 |
| Total Expenditure | 501 | 404 | 422 | 480 | 593 | 601 | 606 | 787 | 918 | 1030 | 1145 | 1207 |
| Operating Profit | 62 | 54 | 57 | 65 | 96 | 111 | 94 | 126 | 195 | 236 | 253 | 280 |
| Interest | 1 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 2 | 2 | 3 |
| Depreciation | 14 | 10 | 10 | 10 | 11 | 13 | 12 | 11 | 12 | 14 | 15 | 16 |
| Exceptional Income / Expenses | -18 | -4 | -9 | -2 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 17 |
| Profit Before Tax | 31 | 41 | 38 | 53 | 84 | 97 | 81 | 114 | 182 | 220 | 236 | 277 |
| Provision for Tax | 7 | 13 | 11 | 15 | 27 | 26 | 21 | 29 | 47 | 57 | 60 | 66 |
| Profit After Tax | 24 | 28 | 27 | 37 | 58 | 71 | 59 | 84 | 136 | 163 | 175 | 210 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 24 | 28 | 27 | 37 | 58 | 71 | 59 | 84 | 136 | 163 | 175 | 210 |
| Adjusted Earnings Per Share | 15.4 | 18.4 | 17.5 | 24.1 | 37.4 | 46.4 | 38.5 | 54.8 | 88.2 | 105.9 | 114 | 136.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 10% | 15% | 15% | 10% |
| Operating Profit CAGR | 7% | 26% | 18% | 15% |
| PAT CAGR | 7% | 28% | 20% | 22% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 26% | 21% | 26% | 27% |
| ROE Average | 53% | 55% | 43% | 27% |
| ROCE Average | 71% | 74% | 59% | 37% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 289 | 316 | 343 | 378 | 267 | 338 | 259 | 244 | 260 | 306 | 361 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3 | 2 | 1 | 1 | 2 | 6 | 5 | 5 | 9 | 9 | -0 |
| Total Current Liabilities | 76 | 66 | 83 | 99 | 109 | 113 | 122 | 185 | 204 | 234 | 274 |
| Total Liabilities | 368 | 384 | 426 | 479 | 377 | 457 | 387 | 434 | 473 | 549 | 635 |
| Fixed Assets | 83 | 78 | 76 | 80 | 83 | 86 | 90 | 90 | 95 | 125 | 136 |
| Other Non-Current Assets | 19 | 37 | 36 | 12 | 12 | 11 | 6 | 9 | 27 | 15 | 22 |
| Total Current Assets | 266 | 269 | 313 | 385 | 281 | 357 | 289 | 334 | 349 | 407 | 475 |
| Total Assets | 368 | 384 | 426 | 479 | 377 | 457 | 387 | 434 | 473 | 549 | 635 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 17 | 20 | 27 | 39 | 37 | 43 | 19 | 19 | 21 | 33 | 38 |
| Cash Flow from Operating Activities | 16 | 18 | 37 | 30 | 67 | 57 | 72 | 85 | 129 | 141 | 200 |
| Cash Flow from Investing Activities | -12 | -9 | -23 | 9 | 102 | -120 | 66 | 20 | 5 | -55 | -16 |
| Cash Flow from Financing Activities | -2 | -2 | -2 | -41 | -163 | 39 | -139 | -102 | -122 | -81 | -157 |
| Net Cash Inflow / Outflow | 3 | 7 | 12 | -2 | 6 | -24 | -0 | 3 | 12 | 5 | 27 |
| Closing Cash & Cash Equivalent | 20 | 27 | 39 | 37 | 43 | 19 | 19 | 21 | 33 | 38 | 65 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 15.36 | 18.41 | 17.45 | 24.14 | 37.42 | 46.4 | 38.53 | 54.78 | 88.16 | 105.9 | 113.98 |
| CEPS(Rs) | 24.29 | 24.6 | 24.13 | 30.7 | 44.37 | 54.57 | 46.13 | 62.14 | 95.88 | 114.86 | 123.68 |
| DPS(Rs) | 1 | 1 | 1 | 1 | 90 | 70 | 44 | 60 | 78 | 86 | 90 |
| Book NAV/Share(Rs) | 187.82 | 205.03 | 222.58 | 245.78 | 173.22 | 219.46 | 168.43 | 158.69 | 169.12 | 198.87 | 234.73 |
| Core EBITDA Margin(%) | 8.45 | 9.39 | 8.64 | 9.51 | 11.74 | 13.87 | 11.95 | 13.24 | 16.85 | 18.1 | 17.41 |
| EBIT Margin(%) | 5.16 | 8.37 | 7.46 | 9.68 | 12.53 | 14 | 11.88 | 12.51 | 16.48 | 17.52 | 16.9 |
| Pre Tax Margin(%) | 5.07 | 8.3 | 7.38 | 9.64 | 12.49 | 13.88 | 11.62 | 12.45 | 16.44 | 17.35 | 16.76 |
| PAT Margin (%) | 3.92 | 5.73 | 5.27 | 6.81 | 8.55 | 10.19 | 8.56 | 9.24 | 12.23 | 12.85 | 12.47 |
| Cash Profit Margin (%) | 6.2 | 7.65 | 7.28 | 8.65 | 10.14 | 11.99 | 10.25 | 10.48 | 13.3 | 13.94 | 13.53 |
| ROA(%) | 6.58 | 7.54 | 6.63 | 8.21 | 13.45 | 17.12 | 14.06 | 20.53 | 29.9 | 31.9 | 29.62 |
| ROE(%) | 8.5 | 9.37 | 8.16 | 10.31 | 17.86 | 23.63 | 19.86 | 33.49 | 53.79 | 57.56 | 52.58 |
| ROCE(%) | 11.18 | 13.71 | 11.56 | 14.67 | 26.18 | 32.46 | 27.57 | 45.36 | 72.47 | 78.45 | 71.26 |
| Receivable days | 21.5 | 32.87 | 33.01 | 35.37 | 33.21 | 38.61 | 48.31 | 46.82 | 47.31 | 49.1 | 53.71 |
| Inventory Days | 34.88 | 41.45 | 43.4 | 45.32 | 38.16 | 38.18 | 40.01 | 35.68 | 37.57 | 33.78 | 31.39 |
| Payable days | 55.38 | 63.7 | 62.08 | 69.89 | 67.25 | 72.25 | 76.68 | 77.68 | 80.29 | 69.97 | 73.45 |
| PER(x) | 44.99 | 34.23 | 34.69 | 29.22 | 24.42 | 23.16 | 46.58 | 55.34 | 40.11 | 49.64 | 39.9 |
| Price/Book(x) | 3.68 | 3.07 | 2.72 | 2.87 | 5.27 | 4.9 | 10.65 | 19.1 | 20.91 | 26.44 | 19.37 |
| Dividend Yield(%) | 0.14 | 0.16 | 0.17 | 0.14 | 9.85 | 6.51 | 2.45 | 1.98 | 2.21 | 1.64 | 1.98 |
| EV/Net Sales(x) | 1.86 | 2.07 | 1.91 | 1.92 | 2.01 | 2.23 | 3.95 | 5.09 | 4.88 | 6.35 | 4.98 |
| EV/Core EBITDA(x) | 16.46 | 17.16 | 15.51 | 15.76 | 14.09 | 14.04 | 28.94 | 36.82 | 27.67 | 33.92 | 27.39 |
| Net Sales Growth(%) | 26.7 | -18.28 | 3.42 | 14.02 | 26.29 | 3.92 | -1.27 | 31.74 | 21.65 | 14.04 | 10.35 |
| EBIT Growth(%) | -35.27 | 33.2 | -8.23 | 39 | 59.7 | 16.19 | -16.12 | 38.76 | 60.1 | 21.53 | 7.02 |
| PAT Growth(%) | -28.62 | 19.88 | -5.22 | 38.31 | 55.02 | 24 | -16.97 | 42.2 | 60.93 | 20.12 | 7.63 |
| EPS Growth(%) | -28.62 | 19.88 | -5.22 | 38.31 | 55.02 | 24 | -16.97 | 42.2 | 60.93 | 20.12 | 7.63 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 3.5 | 4.08 | 3.78 | 3.88 | 2.59 | 3.15 | 2.37 | 1.8 | 1.71 | 1.74 | 1.73 |
| Quick Ratio(x) | 2.79 | 3.19 | 3.02 | 3.15 | 1.96 | 2.46 | 1.77 | 1.24 | 1.11 | 1.26 | 1.26 |
| Interest Cover(x) | 62.22 | 121.88 | 105.64 | 240.27 | 301.5 | 115.4 | 47.02 | 187.16 | 365.58 | 101.44 | 117.12 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.72 | 73.72 | 73.72 | 73.72 | 73.72 | 73.72 | 73.72 | 73.72 | 73.72 | 73.72 |
| FII | 1.14 | 1.27 | 1.53 | 1.66 | 1.85 | 1.79 | 1.56 | 1.53 | 1.51 | 1.55 |
| DII | 12.98 | 13.03 | 13.04 | 13.04 | 12.95 | 12.72 | 12.67 | 12.62 | 12.78 | 12.73 |
| Public | 12.16 | 11.98 | 11.7 | 11.58 | 11.48 | 11.77 | 12.05 | 12.13 | 11.99 | 11.99 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.13 | 1.13 | 1.13 | 1.13 | 1.13 | 1.13 | 1.13 | 1.13 | 1.13 | 1.13 |
| FII | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| DII | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.19 | 0.2 | 0.2 |
| Public | 0.19 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.18 | 0.18 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 |
* The pros and cons are machine generated.
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