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ESAB India Limited

ESAB India Limited

NSE: ESABINDIA
Tools & AccessoriesIndustrialsMID CAPMCap ₹8.39k Cr
₹5,453.00₹-26.50 (-0.48%)

Market Closed • NSE

Market cap₹8.39k Cr
Enterprise value₹8.33k Cr
P/E TTM37.82
P/B19.55
EPS TTM₹144.18
D/E0.78
Dividend yield0.02%
52W high₹7,319.50
52W low₹4,710.00
Price chart(1Y)
1Y Return:-4.80% (₹275.00)
H: ₹6,471L: ₹5,307.5
1W+0.01%
1M-2.95%
3M-7.33%
6M-8.77%
1Y+11.97%
Today at a glance

Day range

₹5,413.00₹5,471.00

52 week range

₹4,710.00₹7,319.50
Volume1.0K0.34x 20D avg
Free float50.00%-65.60% volume

ESAB India Limited closed at INR5453.00 (-0.48%) on volume 0.34x its 20-day average, trading 25.5% below its 52-week high.

Technical analysis
RSI (14)40.1Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹131.55Moderate
SMA 20₹5,525.63BEARISH
SMA 50₹5,821.23BEARISH
SMA 100₹5,788.39BEARISH
SMA 200₹5,810.10BEARISH
CPR bottom₹5,510.25
Pivot₹5,500.00
CPR top₹5,489.75
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +1.3% QoQ

2026-07-23

DIVIDEND Announced

Dividend - Rs 25 Per Share

2026-02-13

DIVIDEND Announced

Interim Dividend - Rs 25 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹3.4 Cr₹8.39k Cr0.04%≤ 33%PASS
Non-halal income ratio–₹1.51k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹641.4 Cr₹698.9 Cr91.78%≥ 20%PASS
Receivables ratio–₹698.9 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E37.8228.10
Forward P/E——
P/B19.553.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield2.603.60
Growth & profitability
RevenuePAT
FY20PAT margin 10.20%
FY21PAT margin 8.70%
FY23PAT margin 12.50%
FY24PAT margin 13.20%
FY25PAT margin 12.80%
FY26PAT margin 13.70%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+11.60%
Revenue CAGR 5Y+16.70%
PAT CAGR 3Y+15.10%
PAT CAGR 5Y+23.70%
Operating margin17.70%
Net margin14.07%
Financial health & cash flow
Net debt–Moderate
Interest coverage122.10xEBIT / interest
CFO / PAT0.95x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹180.7 Cr
Capital expenditure–
Free cash flow₹149.1 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall60/100
Valuation50/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Established operational history in the sector

Active institutional participation

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Tools & Accessories.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
23 Jul 2026Dividend₹25.00 / share—23 Jul 2026
14 Feb 2026Dividend₹25.00 / share—13 Feb 2026
14 Nov 2025Dividend₹25.00 / share—14 Nov 2025
07 Aug 2025Dividend₹42.00 / share—07 Aug 2025
20 Feb 2025Dividend₹23.00 / share—20 Feb 2025
20 Nov 2024Dividend₹25.00 / share—19 Nov 2024
—Dividend₹30.00 / share—01 Aug 2024
05 Apr 2024Dividend₹24.00 / share—05 Apr 2024
25 Nov 2023Dividend₹32.00 / share—24 Nov 2023
—Dividend₹20.00 / share—03 Aug 2023
20 Feb 2023Dividend₹28.00 / share—20 Feb 2023
21 Nov 2022Dividend₹30.00 / share—18 Nov 2022
—Dividend₹20.00 / share—03 Aug 2022
18 Feb 2022Dividend₹18.00 / share—17 Feb 2022
19 Nov 2021Dividend₹22.00 / share—17 Nov 2021
—Dividend₹25.00 / share—04 Aug 2021
18 Feb 2021Dividend₹19.00 / share—17 Feb 2021
—Annual General MeetingAnnual General Meeting—18 Aug 2020
12 Jun 2020Dividend₹70.00 / share—11 Jun 2020
—Annual General MeetingAnnual General Meeting—05 Aug 2019
04 Dec 2018Dividend₹90.00 / share—03 Dec 2018
—Dividend₹1.00 / share—01 Aug 2018
—Dividend₹1.00 / share—26 Jul 2017
—Dividend₹1.00 / share—25 Jul 2016
—Dividend₹1.00 / share—03 Aug 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)59.36%-1.59% latest vs average
Highest delivery74.95%on 30 Sept
Average volume (20D)2.9KTrading-session average
Conviction trendWeakening-1.59% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About ESAB India Limited
ESAB India Limited

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.

IndiaIndustrials

Questions investors ask
Is ESAB India Limited Shariah compliant?

ESAB India Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.04%) complies with AAOIFI threshold (≤ 33%).

What is ESAB India Limited's current valuation relative to peers?

ESAB India Limited trades at a P/E of 37.8x compared to the sector median of 28.1x, and a Price-to-Book of 19.5x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.78x. Interest coverage is 122.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 16.7% while net profit growth averaged 23.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.