ESAB India Limited

NSE: ESABINDIA · Other Industrial Products

52W Range₹4,710 ₹7,320

Snapshot

Unlock ESAB India Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

ESAB India Limited is a prominent manufacturer and distributor of welding and cutting equipment, consumables, and automation solutions. The company serves a diverse range of industrial sectors including shipbuilding, energy, construction, and general engineering.

Business Model

The company generates revenue through the sale of specialized welding equipment, robotics, digital solutions, and personal protective equipment under various global brand names. It operates through a broad distribution network serving both domestic Indian markets and international clients across multiple continents.

  • Incorporation Year:1987
  • Headquarters:Chennai, India

Growth Outlook

Growth is driven by the increasing demand for advanced welding automation and robotics across infrastructure and heavy industrial projects. Expansion into international markets and the continuous adoption of digital welding solutions provide further opportunities for revenue scaling.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of steel and other base metals directly impact the manufacturing margins of welding consumables and equipment.
  • Cyclical Industrial Demand. The company's performance is highly sensitive to capital expenditure cycles in core sectors like shipbuilding, energy, and construction.
  • Geopolitical and Currency Risk. As an exporter to numerous international markets, the company faces risks related to currency fluctuations and changing trade regulations.
  • Technological Obsolescence. Failure to keep pace with rapid advancements in welding automation and digital manufacturing could lead to a loss of market share to competitors.

Price

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Key Metrics

REVENUE

₹1,508 Cr

TTM · standalone

+9.8%YoY

NET PROFIT

₹207 Cr

TTM · standalone

+17.8%YoY

EPS

₹134.30

TTM · standalone

+17.8%YoY

RETURN ON EQUITY

54.6%

TTM · standalone

-0.2 ppYoY

RETURN ON CAPITAL EMPLOYED

70.2%

TTM · standalone

-1.6 ppYoY

P/E

42.2x

Q4 FY26 · standalone

42.2 vs 68.4x5Y avg

EV/EBITDA

31.4x

Q4 FY26 · standalone

31.4 vs 47.0x5Y avg

EBITDA MARGIN

18.3%

TTM · standalone

-0.1 ppYoY

NET PROFIT MARGIN

11.0%

Q4 FY26 · standalone

-1.9 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · standalone

+0.00xYoY

Peers · Other Industrial Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
ESAB India LimitedESABINDIA
8,08742.1931.409.8%18.3%54.6%70.2%+4.1%
INOX India Ltd.INOXINDIA
10,87670.2046.7921.5%24.4%27.6%36.5%+59.2%
KRN Heat Exchanger & Refrigeration Ltd.KRN
5,581104.9370.5720.4%14.8%20.0%+49.1%
Subros LimitedSUBROS
4,36131.7614.5511.5%9.7%14.6%18.9%-11.9%
Harsha Engineers International LimitedHARSHA
3,04925.0715.2015.6%17.1%12.0%16.1%+3.5%
Kirloskar Industries LimitedKIRLOSIND
2,83325.915.0%13.3%4.6%4.8%-12.4%

As of Q4 FY26

Financials