Esab india

₹5037 8.8 | 0.2%

WEBSITE BSE:500133 NSE : ESAB INDIA 10 May, 16:01

Market Cap ₹7753 Cr.

Stock P/E 48.3

P/B 22.3

Current Price ₹5037

Book Value ₹ 226.2

Face Value 10

52W High ₹6586

Dividend Yield 1.55%

52W Low ₹ 3401.1

Edit Ratio

Esab india Research see more...

Overview Inc. Year: 1987Industry: Electrodes & Welding Equipment

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.

Esab india Share Price

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Esab india Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	221	226	266	243	277	267	302	298	303	301
Other Income	3	2	0	2	2	3	3	3	1	1
Total Income	224	228	266	245	278	271	305	301	304	302
Total Expenditure	189	199	234	208	233	219	245	240	249	248
Operating Profit	35	29	32	37	46	52	60	60	56	55
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	3	3	3	3	3	3	3	3	3	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	32	26	29	34	43	49	56	57	52	51
Provision for Tax	8	7	7	9	11	12	15	15	14	13
Profit After Tax	24	19	21	26	32	36	42	42	38	38
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	24	19	21	26	32	36	42	42	38	38
Adjusted Earnings Per Share	15.4	12.3	13.9	16.6	20.7	23.6	27.2	27.5	25	24.7

Esab india Profit & Loss

#(Fig in Cr.)	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	504	436	552	451	466	532	672	698	689	908	1104	1204
Other Income	5	7	11	8	13	13	17	14	11	5	8	8
Total Income	509	443	563	459	480	545	688	711	700	913	1112	1212
Total Expenditure	442	383	501	404	422	480	593	601	606	787	918	982
Operating Profit	67	59	62	54	57	65	96	111	94	126	195	231
Interest	1	1	1	0	0	0	0	1	2	1	1	0
Depreciation	12	11	14	10	10	10	11	13	12	11	12	13
Exceptional Income / Expenses	0	0	-18	-4	-9	-2	-1	0	0	0	0	0
Profit Before Tax	54	47	31	41	38	53	84	97	81	114	182	216
Provision for Tax	16	14	7	13	11	15	27	26	21	29	47	57
Profit After Tax	38	33	24	28	27	37	58	71	59	84	136	160
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	38	33	24	28	27	37	58	71	59	84	136	160
Adjusted Earnings Per Share	24.5	21.5	15.4	18.4	17.5	24.1	37.4	46.4	38.5	54.8	88.2	104.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	17%	16%	8%
Operating Profit CAGR	55%	21%	25%	11%
PAT CAGR	62%	24%	30%	14%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	40%	41%	40%	26%
ROE Average	54%	36%	30%	20%
ROCE Average	72%	48%	41%	27%

Esab india Balance Sheet

#(Fig in Cr.)	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	236	267	289	316	343	378	267	338	259	244	260
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	9	7	3	2	1	1	2	6	5	5	9
Total Current Liabilities	86	76	76	66	83	99	109	113	122	185	204
Total Liabilities	331	350	368	384	426	479	377	457	387	434	473
Fixed Assets	99	96	83	78	76	80	83	86	90	90	95
Other Non-Current Assets	13	19	19	37	36	12	12	11	6	9	27
Total Current Assets	219	235	266	269	313	385	281	357	289	334	349
Total Assets	331	350	368	384	426	479	377	457	387	434	473

Esab india Cash Flow

#(Fig in Cr.)	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	23	23	17	20	27	39	37	43	19	19	21
Cash Flow from Operating Activities	46	35	16	18	37	30	67	57	72	85	129
Cash Flow from Investing Activities	-46	-27	-12	-9	-23	9	102	-120	66	20	5
Cash Flow from Financing Activities	-0	-14	-2	-2	-2	-41	-163	39	-139	-102	-122
Net Cash Inflow / Outflow	-0	-6	3	7	12	-2	6	-24	-0	3	12
Closing Cash & Cash Equivalent	23	17	20	27	39	37	43	19	19	21	33

Esab india Ratios

#	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	24.54	21.52	15.36	18.41	17.45	24.14	37.42	46.4	38.53	54.78	88.16
CEPS(Rs)	32.22	28.82	24.29	24.6	24.13	30.7	44.37	54.57	46.13	62.14	95.88
DPS(Rs)	7.5	1	1	1	1	1	90	70	44	60	78
Book NAV/Share(Rs)	153.31	173.66	187.82	205.03	222.58	245.78	173.22	219.46	168.43	158.69	169.12
Core EBITDA Margin(%)	11.13	10.9	8.45	9.39	8.64	9.51	11.74	13.87	11.95	13.24	16.85
EBIT Margin(%)	9.92	10.03	5.16	8.37	7.46	9.68	12.53	14	11.88	12.51	16.48
Pre Tax Margin(%)	9.79	9.91	5.07	8.3	7.38	9.64	12.49	13.88	11.62	12.45	16.44
PAT Margin (%)	6.83	6.92	3.92	5.73	5.27	6.81	8.55	10.19	8.56	9.24	12.23
Cash Profit Margin (%)	8.96	9.26	6.2	7.65	7.28	8.65	10.14	11.99	10.25	10.48	13.3
ROA(%)	12.13	9.72	6.58	7.54	6.63	8.21	13.45	17.12	14.06	20.53	29.9
ROE(%)	16.88	13.16	8.5	9.37	8.16	10.31	17.86	23.63	19.86	33.49	53.79
ROCE(%)	24.53	19.1	11.18	13.71	11.56	14.67	26.18	32.46	27.57	45.36	72.47
Receivable days	14.19	19.16	21.5	32.87	33.01	35.37	33.21	38.61	48.31	46.82	47.2
Inventory Days	43.35	49.08	34.88	41.45	43.4	45.32	38.16	38.18	40.01	35.68	37.57
Payable days	48.25	64.27	55.38	63.7	62.08	69.89	67.25	72.25	76.68	77.68	80.29
PER(x)	17.6	21.44	44.99	34.23	34.69	29.22	24.42	23.16	46.58	55.34	40.11
Price/Book(x)	2.82	2.66	3.68	3.07	2.72	2.87	5.27	4.9	10.65	19.1	20.91
Dividend Yield(%)	1.74	0.22	0.14	0.16	0.17	0.14	9.85	6.51	2.45	1.98	2.21
EV/Net Sales(x)	1.24	1.56	1.86	2.07	1.91	1.92	2.01	2.23	3.95	5.09	4.88
EV/Core EBITDA(x)	9.35	11.43	16.46	17.16	15.51	15.76	14.09	14.04	28.94	36.82	27.67
Net Sales Growth(%)	-7.54	-13.5	26.7	-18.28	3.42	14.02	26.29	3.92	-1.27	31.74	21.65
EBIT Growth(%)	-23.35	-12.44	-35.27	33.2	-8.23	39	59.7	16.19	-16.12	38.76	60.1
PAT Growth(%)	-20.38	-12.31	-28.62	19.88	-5.22	38.31	55.02	24	-16.97	42.2	60.93
EPS Growth(%)	-20.38	-12.31	-28.62	19.88	-5.22	38.31	55.02	24	-16.97	42.2	60.93
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	2.54	3.08	3.5	4.08	3.78	3.88	2.59	3.15	2.37	1.8	1.71
Quick Ratio(x)	1.76	2.27	2.79	3.19	3.02	3.15	1.96	2.46	1.77	1.24	1.11
Interest Cover(x)	75.19	82.86	62.22	121.88	105.64	240.27	301.5	115.4	47.02	187.16	365.58
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Esab india Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.72	73.72	73.72	73.72	73.72	73.72	73.72	73.72	73.72	73.72
FII	0.15	0.21	0.64	0.63	0.73	0.82	0.95	1.08	1.14	1.27
DII	14.11	14.11	13.94	13.48	13.27	13.23	13.02	13	12.98	13.03
Public	12.01	11.97	11.7	12.16	12.28	12.23	12.31	12.2	12.16	11.98
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.13	1.13	1.13	1.13	1.13	1.13	1.13	1.13	1.13	1.13
FII	0	0	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02
DII	0.22	0.22	0.21	0.21	0.2	0.2	0.2	0.2	0.2	0.2
Public	0.18	0.18	0.18	0.19	0.19	0.19	0.19	0.19	0.19	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

Pros

Company has delivered good profit growth of 29% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 36%
Company is almost debt free.

Cons

Debtor days have increased from 77.68 to 80.29days.
Stock is trading at 22.3 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.

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Esab india

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Esab india Research see more...

Overview Inc. Year: 1987Industry: Electrodes & Welding Equipment

Esab india Share Price

Alert Data

Quarterly Price

Peer Comparison

Esab india Quarterly Results

Esab india Profit & Loss

Growth Rates

Esab india Balance Sheet

Esab india Cash Flow

Esab india Ratios

Esab india Shareholding Pattern

Esab india News

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