Following is the list of Top Electrodes & Welding Equipment companies in India in 2026 sorted by market cap. There are a total of 14 number of listed companies with a total of market capitalization of 35628 crores. The market capitalization data is updated as on 02 Apr 2026
| # | Company | CMP | M Cap | 52W High | 52W Low | PE | PB | ROCE Last Yr | ROE Last Yr | PAT TTM | Div Yield |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Graphite India Ltd. | 637.8 | 12460 | 747 | 413 | 27.2 | 2.1 | 10.2 | 8 | 325 | 2.3 |
| 2 | HEG Ltd. | 550 | 10614 | 672.2 | 405.4 | 92.2 | 2.4 | 4 | 2.6 | 303 | 0.4 |
| 3 | Esab India Ltd. | 5229.2 | 8049 | 6424 | 4129.8 | 45.9 | 22.3 | 71.3 | 52.6 | 211 | 2 |
| 4 | Ador Welding Ltd. | 868.8 | 1512 | 1258.8 | 790 | 25.2 | 3 | 18.1 | 12.3 | 66 | 2.4 |
| 5 | Diffusion Engineers Ltd. | 281.1 | 1052 | 417.6 | 222.1 | 29.2 | 2.9 | 15.9 | 12.9 | 45 | 0.6 |
| 6 | Ador Fontech Ltd. | 142.5 | 499 | 0 | 0 | 28.4 | 3.9 | 21.8 | 14.1 | 23 | 5.7 |
| 7 | De Nora India Ltd. | 708.2 | 376 | 995 | 559 | 222.1 | 3.1 | 2.4 | 1.4 | 13 | 0 |
| 8 | GEE Ltd. | 57 | 296 | 97.9 | 53.6 | -32.1 | 2.4 | -1.5 | -7.3 | -6 | 0 |
| 9 | D&H India Ltd. | 277 | 284 | 300 | 112.9 | 55 | 5.2 | 13.6 | 11.6 | 7 | 0 |
| 10 | Panasonic Carbon India Company Ltd. | 427.8 | 205 | 596 | 421 | 9.9 | 1.2 | 17 | 12.7 | 22 | 2.5 |
| 11 | Royal Arc Electrodes Ltd. | 157.2 | 174 | 187.8 | 126.5 | 19.4 | 2.4 | 21.3 | 15.8 | 0 | 0 |
| 12 | Classic Electrodes (India) Ltd. | 38.8 | 70 | 113.9 | 34.8 | 6 | 1.1 | 22.3 | 29.5 | 0 | 0 |
| 13 | Rasi Electrodes Ltd. | 11.2 | 35 | 23.6 | 9.3 | 12.8 | 1 | 11.1 | 8.1 | 3 | 0 |
| 14 | Mahavir Industries Ltd. | 0.9 | 2 | 0 | 0 | -492 | 662.1 | 1.2 | -80.4 | 0 | 0 |
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