ESAB India Limited ESABINDIA NSEINFRA
ESAB India Limited manufactures and sells welding and cutting equipment and consumables in India and internationally. The company offers gas equipment, such as cutting machines, H/VAC and plumbing, outfits, regulators, safety accessories, torches, and wear parts; arc gouging and exothermic cutting; manual plasma cutting products; filler metals, including aluminum, copper, hard facing, low alloy, mild steel, nickel, stainless steel, and other; cutting automation products comprising controls, cutting machines, gas cutting torches, plasma systems, process tools, and software; general supplies; plasma and welding equipment accessories; PPE products and accessories consisting of helmets and head protection products, gloves, clothes, eye protection products, and accessories; cobots; robotic feeders, power sources, torch cleaning stations, and torches, as well as weld data monitoring and software; standard, and air and water cooled torches; welders and wire feeders; power supplies; welding tractors; and digital solutions. It also provides engineering, support, and consulting services. The company sells its products under the AlcoTec, AMI, Arcair, Cigweld, Conarco, Condor, Exaton, Ewac, Firepower, Gasarc, GCE, InduSuite, Losarc, Octopuz, Soldexa, Stoody, Swift-Cut, TBi Industries, Thermal Dynamics, Thermal Dynamics Automation, Turbotorch, Tweco, Victor, and Westarco brands. It serves nuclear welding, wind energy, petrochemical, pipeline, LNG, repair and maintenance, mobile machinery, and shipbuilding solutions industries. The company was incorporated in 1987 and is headquartered in Chennai, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 52.3%.
- Healthy ROCE of 60.8%.
- Compounding revenue at 11.6% over 5 years.
- Profit CAGR of 15.1% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ESABINDIA ESAB India Limited NSEINFRA | 6,511.00 | 48.54 | ₹10,022.40 Cr | 1.80% | 60.82% | 52.29% | 11.58% | 15.06% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | - | - | 367.72 Cr | 352.02 Cr | 381.55 Cr | 378.83 Cr | 395.75 Cr |
| Cost of Revenue | - | - | 216.96 Cr | 205.87 Cr | 224.22 Cr | 214.41 Cr | 234.00 Cr |
| Gross Profit | - | - | 150.76 Cr | 146.15 Cr | 157.33 Cr | 164.42 Cr | 161.75 Cr |
| Operating Expenses | - | - | 88.93 Cr | 91.27 Cr | 89.15 Cr | 93.03 Cr | 103.42 Cr |
| Operating Income | - | - | 61.83 Cr | 54.88 Cr | 68.18 Cr | 71.39 Cr | 58.33 Cr |
| EBITDA | - | - | 67.80 Cr | 60.03 Cr | 105.47 Cr | 63.13 Cr | 64.50 Cr |
| Interest Expense | - | - | 1.35 Cr | 66.00 L | 40.00 L | 63.00 L | 38.00 L |
| Pretax Income | - | - | 62.53 Cr | 55.10 Cr | 101.03 Cr | 58.18 Cr | 59.69 Cr |
| Tax Provision | - | - | 15.10 Cr | 14.16 Cr | 21.83 Cr | 15.18 Cr | 16.14 Cr |
| Net Income | - | - | 47.43 Cr | 40.94 Cr | 79.20 Cr | 43.00 Cr | 43.55 Cr |
| Diluted EPS | 28.04 | - | 30.82 | 26.60 | 51.46 | 27.94 | 28.30 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 1,085.51 Cr | 1,238.78 Cr | 1,373.47 Cr | 1,508.15 Cr |
| Cost of Revenue | - | 676.53 Cr | 749.23 Cr | 814.98 Cr | 878.50 Cr |
| Gross Profit | - | 408.98 Cr | 489.55 Cr | 558.49 Cr | 629.65 Cr |
| Operating Expenses | - | 231.42 Cr | 273.63 Cr | 328.87 Cr | 376.87 Cr |
| Operating Income | - | 177.56 Cr | 215.92 Cr | 229.62 Cr | 252.78 Cr |
| EBITDA | - | 194.48 Cr | 235.86 Cr | 252.32 Cr | 293.13 Cr |
| Interest Expense | - | 31.00 L | 2.11 Cr | 1.68 Cr | 2.07 Cr |
| Pretax Income | - | 182.29 Cr | 219.96 Cr | 235.72 Cr | 274.00 Cr |
| Tax Provision | - | 46.61 Cr | 56.98 Cr | 60.30 Cr | 67.31 Cr |
| Net Income | - | 135.68 Cr | 162.98 Cr | 175.42 Cr | 206.69 Cr |
| Diluted EPS | 54.78 | 88.16 | 105.90 | 113.98 | - |
Compounded Sales Growth
| 5 Years: | 11.58% |
| 1 Year: | 8.10% |
Compounded Profit Growth
| 5 Years: | 15.06% |
| 1 Year: | -8.20% |
Stock Price Performance
| 1 Year: | +28.93% |
| 6 Months: | +14.40% |
| 3 Months: | +18.68% |
| 1 Month: | +5.22% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 474.01 Cr | 550.99 Cr | 647.10 Cr | 698.87 Cr |
| Current Assets | - | 349.08 Cr | 406.71 Cr | 475.44 Cr | 525.35 Cr |
| Cash & Equivalents | - | 33.44 Cr | 38.36 Cr | 65.11 Cr | 57.46 Cr |
| Inventory | - | 123.43 Cr | 111.26 Cr | 130.66 Cr | 140.67 Cr |
| Receivables | - | 152.28 Cr | 188.82 Cr | 225.13 Cr | 254.07 Cr |
| Total Liabilities | - | 213.74 Cr | 244.93 Cr | 285.85 Cr | 269.49 Cr |
| Current Liabilities | - | 203.64 Cr | 234.16 Cr | 274.33 Cr | 244.93 Cr |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 4.01 Cr | 4.57 Cr | 3.93 Cr | 3.35 Cr |
| Total Equity | - | 260.27 Cr | 306.06 Cr | 361.25 Cr | 429.38 Cr |
| Shares Outstanding | - | 1.54 Cr | 1.54 Cr | 1.54 Cr | 1.54 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 129.24 Cr | 141.03 Cr | 198.81 Cr | 180.69 Cr |
| Investing Cash Flow | - | 5.17 Cr | -54.99 Cr | -14.62 Cr | -45.78 Cr |
| Financing Cash Flow | - | -122.17 Cr | -81.12 Cr | -157.44 Cr | -142.56 Cr |
| Capital Expenditure | - | -33.76 Cr | -28.49 Cr | -27.96 Cr | -31.55 Cr |
| Free Cash Flow | - | 95.48 Cr | 112.54 Cr | 170.85 Cr | 149.14 Cr |
| Net Change in Cash | - | 12.24 Cr | 4.92 Cr | 26.75 Cr | -7.65 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 37.7% | 39.5% | 40.7% | 41.7% |
| Operating Margin % | - | 16.4% | 17.4% | 16.7% | 16.8% |
| Net Margin % | - | 12.5% | 13.2% | 12.8% | 13.7% |
| ROE % | - | 52.1% | 53.3% | 48.6% | 48.1% |
| ROCE % | - | 65.7% | 68.2% | 61.6% | 55.7% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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