ESABINDIAIndustrials

Esab India Limited

Other Industrial Products · ISIN INE284A01012 · BSE 500133 · NSE EQ · FV ₹10
Last price
₹5,619
-1.00%today
What this company does

Esab India Limited operates in Other Industrial Products, part of the Industrials sector. It booked ₹421 cr of revenue in its latest quarter (Q1 FY27) and kept 13.3% of sales as profit. It is the 4th largest of 9 Other Industrial Products companies we track, by market value.

In the report:
77out of 100
Equitytale Health Score
Solid

Healthier than 77% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
30

At close. Not part of the score.

Profitability & returns95

How much profit it earns on the money it employs

Balance sheet93

How much it owes, and whether earnings cover the interest

Cash quality75

Whether reported profit actually arrives as cash

Growth & consistency69

Whether sales and profit have grown, and how steadily

Valuation18

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 20% vs last year
Profit up 37% vs last year
Promoters hold 74%
No promoter shares pledged
Strong 52% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in ESABINDIA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹5,619 -1.00%
latest close · 2026-09-17
1-year return
+148.2%
52-wk low ₹1,94052-wk high ₹6,471
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio38.5High
LowAverageHigh
P/B ratio20.14High
Below bookModerateHigh
EV / EBITDA26.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity52.3%Strong
WeakFairStrong ▸15%
Return on capital67.3%Strong
WeakFairStrong
Net margin13.3%Decent
ThinDecentStrong
EBITDA margin19.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover254.4×Strong
RiskyOkayStrong ▸5×
Current ratio2.14Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹8,646 cr
Book value
₹279
EPS
₹36.48
latest quarter
Net debt
₹-57 cr
more cash than debt
Enterprise value
₹8,589 cr
EBITDA
₹324 cr
annualised
EBIT
₹305 cr
annualised
Operating margin
18.1%
Return on assets
32.1%
Earnings yield
2.60%
P/S
5.13
Sales / share
₹1,094.6
Tax rate
26.2%
Face value
₹1,539
Shares
1.5 cr
Working capital
₹280 cr
Current assets
₹525 cr
Current liabilities
₹245 cr
Delivery %
56.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹1,283₹1,824, midpoint ₹1,819

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹421 cr
Other Income₹2 cr
Total Income₹423 cr
Cost of Materials₹194 cr
Purchases of Stock-in-Trade₹62 cr
Inventory Change (±)₹-12 cr
Employee Benefit Expense₹41 cr
Finance Costs₹30 L
Depreciation & Amortisation₹5 cr
Other Expenses₹58 cr
Total Expenses₹347 cr
Profit before Tax₹76 cr
Tax Expense₹20 cr
Net Profit₹56 cr
Net margin on total income13.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹244 cr57.6%
Employee benefit expense₹41 cr9.7%
Finance costs₹30 L0.1%
Depreciation & amortisation₹5 cr1.1%
Other expenses₹58 cr13.6%
Tax expense₹20 cr4.7%
Profit for the period₹56 cr13.3%
Total income ₹423 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue379 cr396 cr421 cr
Total income380 cr397 cr423 cr
Expenses308 cr338 cr347 cr
Profit before tax58 cr60 cr76 cr
Tax15 cr16 cr20 cr
Net profit (owners' share)43 cr44 cr56 cr
Net margin (owners' share, on revenue)11.4%11.0%13.3%
EPS (₹)27.9428.3036.48
YoY (latest quarter): total income +19.8% · net profit +37.1%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹699 cr
Shareholder equity
₹429 cr
parent shareholders
Total debt
₹0 cr
Cash
₹57 cr
Cash flow · H1 FY26
Operating
₹49 cr
Investing
₹-11 cr
Financing
₹-65 cr
Peer comparison
Other Industrial Products · by market value
CompanyPriceMarket capP/E
HBL Engineering Limited₹757₹20,977 cr47.9
INOX India Limited₹2,015₹18,287 cr78.7
KRN Heat Exchanger and Refrigeration Limited₹1,393₹9,117 cr67.0
Esab India Limitedthis company₹5,619₹8,646 cr38.5
Subros Limited₹690₹4,500 cr27.1
Harsha Engineers International Limited₹434₹3,950 cr26.4
Ador Welding Limited₹1,564₹2,722 cr24.7
Diffusion Engineers Limited₹436₹1,631 cr24.4
MIC Electronics Limited₹34₹821 cr94.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.33%
trailing 12 months
Dividend / share (TTM)
₹75
Last dividend
₹25
ex 23 Jul 2026
ActionDetailEx-date
Dividend₹25 / share23 Jul 2026
Dividend₹25 / share13 Feb 2026
Dividend₹25 / share14 Nov 2025
Dividend₹42 / share7 Aug 2025
Dividend₹23 / share20 Feb 2025
Dividend₹25 / share19 Nov 2024
Who owns it · 2026-06-30
No pledge
Promoter
73.7%
FII / Foreign
1.6%
DII / Domestic
12.9%
Retail / others
11.8%
Smart-money activity
Bulk / block deals
BoughtPRAMERICA MUTUAL FUND · NSE2.70 L @ ₹2,23514 Sep 21
SoldACACIA CONSERVATION FUND LP · NSE3.61 L @ ₹2,235.2814 Sep 21
BoughtSBI MUTUAL FUND · NSE3.00 L @ ₹1,86526 Feb 21
Stake changes
SoldSBI Mutual fund under its Various Schemes→ 6.55% · 4.12 L19 Feb 26
BoughtNippon India Mutual Fund (through Nippon Life India Trustee Limited A/c)→ 5.34% · 4.11 L19 Feb 26
BoughtESAB Corporation, a corporation incorporated in the State of Delaware, the United States of America · promoter→ 73.72% · 1.13 cr1 Feb 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 14 Aug 2025
See the official result
1
To consider and adopt the Audited Financial Statements of the Company for the Financial year ended 31st March 2025 together with the Reports of Directors and the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
22.79 L votes for, 32 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend of Rs 42 per equity share of Rs 10 each
Backed by 100% of shareholders other than promotersneeded 50%
22.79 L votes for, 31 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr Rohit Gambhir having Director Identification Number 06686250 who retires by rotation and is eligible for re appointment
Backed by 100% of shareholders other than promotersneeded 50%
22.69 L votes for, 9,621 against · 0% of mutual funds and other big investors said no
4
To appoint Mr V Mahesh Practicing Company Secretary Chennai as the Secretarial Auditor of the Company for a period of 5 years from the financial year 2025 to 26 and to authorize the Board of Directors of the Company to fix their remuneration
Backed by 100% of shareholders other than promotersneeded 50%
22.79 L votes for, 32 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 73.7% between them · as of 2026-06-30
ESAB Holdings Limited37.31%
Exelvia Group India BV36.41%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.