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ESAB India Limited ESABINDIA NSEINFRA

Industrials · Tools & Accessories · India
https://www.esabindia.com

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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₹6,511.00
+28.93% 1Y

Market & Price

Market Cap
₹10,022.40 Cr
Current Price
₹6,511.00
High / Low (52W)
₹7,150.50 / ₹4,718.24
Beta
-

Valuation

Stock P/E
48.54
Industry PE
27.78
Forward P/E
-
PEG Ratio
-
Book Value
₹270.72
Price to Book
24.05
P/S
6.62
EV/EBITDA
35.91
Dividend Yield
1.80%

Profitability & Returns

ROCE
60.82%
ROE
52.29%
ROA
24.04%
Profit Margin
13.65%
Op Margin
15.11%
EPS (Latest Qtr)
₹28.30
EPS (TTM)
₹134.13

Balance Sheet & Liquidity

Debt/Equity
0.78
Quick Ratio
1.51
Current Ratio
2.15
Debt
₹3.35 Cr
Total Assets
₹698.87 Cr
Current Assets
₹525.35 Cr
Working Capital
₹280.42 Cr

Ownership

Promoter Holding
74.21%
Chg in Prom Hold
-
FII / Inst Holding
13.56%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
₹9,907.93 Cr
Total Revenue (TTM)
₹1,514.18 Cr
EBITDA
₹275.87 Cr
Free Cash Flow
₹92.60 Cr
Operating Cash Flow
₹180.69 Cr
Shares Outstanding
₹1.54 Cr
Gross Margin
41.98%
Payout Ratio
68.50%

Growth (CAGR)

Revenue 5Y
11.58%
Profit 5Y
15.06%
Revenue (YoY)
8.10%
Earnings (YoY)
-8.20%

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

NSE TradingView Screener.in

Fundamental Growth

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).

#NameCMP ₹P/E Mkt CapDiv 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%
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Quarterly Results

Figures in INR.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --367.72 Cr352.02 Cr381.55 Cr378.83 Cr395.75 Cr
Cost of Revenue --216.96 Cr205.87 Cr224.22 Cr214.41 Cr234.00 Cr
Gross Profit --150.76 Cr146.15 Cr157.33 Cr164.42 Cr161.75 Cr
Operating Expenses --88.93 Cr91.27 Cr89.15 Cr93.03 Cr103.42 Cr
Operating Income --61.83 Cr54.88 Cr68.18 Cr71.39 Cr58.33 Cr
EBITDA --67.80 Cr60.03 Cr105.47 Cr63.13 Cr64.50 Cr
Interest Expense --1.35 Cr66.00 L40.00 L63.00 L38.00 L
Pretax Income --62.53 Cr55.10 Cr101.03 Cr58.18 Cr59.69 Cr
Tax Provision --15.10 Cr14.16 Cr21.83 Cr15.18 Cr16.14 Cr
Net Income --47.43 Cr40.94 Cr79.20 Cr43.00 Cr43.55 Cr
Diluted EPS 28.04-30.8226.6051.4627.9428.30

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -1,085.51 Cr1,238.78 Cr1,373.47 Cr1,508.15 Cr
Cost of Revenue -676.53 Cr749.23 Cr814.98 Cr878.50 Cr
Gross Profit -408.98 Cr489.55 Cr558.49 Cr629.65 Cr
Operating Expenses -231.42 Cr273.63 Cr328.87 Cr376.87 Cr
Operating Income -177.56 Cr215.92 Cr229.62 Cr252.78 Cr
EBITDA -194.48 Cr235.86 Cr252.32 Cr293.13 Cr
Interest Expense -31.00 L2.11 Cr1.68 Cr2.07 Cr
Pretax Income -182.29 Cr219.96 Cr235.72 Cr274.00 Cr
Tax Provision -46.61 Cr56.98 Cr60.30 Cr67.31 Cr
Net Income -135.68 Cr162.98 Cr175.42 Cr206.69 Cr
Diluted EPS 54.7888.16105.90113.98-

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 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -474.01 Cr550.99 Cr647.10 Cr698.87 Cr
Current Assets -349.08 Cr406.71 Cr475.44 Cr525.35 Cr
Cash & Equivalents -33.44 Cr38.36 Cr65.11 Cr57.46 Cr
Inventory -123.43 Cr111.26 Cr130.66 Cr140.67 Cr
Receivables -152.28 Cr188.82 Cr225.13 Cr254.07 Cr
Total Liabilities -213.74 Cr244.93 Cr285.85 Cr269.49 Cr
Current Liabilities -203.64 Cr234.16 Cr274.33 Cr244.93 Cr
Long Term Debt -----
Total Debt -4.01 Cr4.57 Cr3.93 Cr3.35 Cr
Total Equity -260.27 Cr306.06 Cr361.25 Cr429.38 Cr
Shares Outstanding -1.54 Cr1.54 Cr1.54 Cr1.54 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -129.24 Cr141.03 Cr198.81 Cr180.69 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 Cr112.54 Cr170.85 Cr149.14 Cr
Net Change in Cash -12.24 Cr4.92 Cr26.75 Cr-7.65 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Insiders
74.21%
Institutions
13.56%
Public Float
52.57%

Analyst View

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