Esab India Ltd
NSE: ESABINDIA · Other Industrial Products · sector
₹5,314.00NSE close 2026-10-26
Key numbers
Market cap₹8,178 cr
Price₹5,314.00
52w high / low₹7,320 / ₹4,710
P/E36.9xSector median 23.1x
P/B19.1xSector median 3.1x
Book value₹279.0
Dividend yield1.73%Sector median 0.43%
ROE56.1%Sector median 9.8%
ROCE69.1%Sector median 13.0%
OPM19.5%Sector median 10.1%
Debt / equity0.00xSector median 0.23x
EV/EBITDA26.2xSector median 14.2x
Interest cover173.5x
Current ratio2.14x
Sales growth 3y+11.4%Sector median +13.6%
Profit growth 3y+15.1%Sector median +11.4%
PEG2.45x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 29 companies in Other Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹116 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 173.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 4 years (FY26, FY24, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹5,314.00 on 2026-10-26: -27.4% from the 52-week high, +12.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹7,138.00 · low ₹4,490.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 339 | 337 | 368 | 352 | 382 | 379 | 396 | 421 |
| EBITDA | 61 | 55 | 66 | 59 | 103 | 62 | 63 | 79 |
| OPM % | 18.2% | 16.4% | 17.9% | 16.8% | 27.0% | 16.4% | 15.9% | 18.8% |
| Other income | 1 | 3 | 2 | 1 | 2 | 1 | 2 | 2 |
| Net profit | 43 | 40 | 47 | 41 | 79 | 43 | 44 | 56 |
| EPS (₹) | 28.04 | 26.24 | 30.82 | 26.60 | 51.46 | 27.94 | 28.30 | 36.48 |
| Revenue YoY | +12.7% | +12.2% | +7.6% | +19.6% | ||||
| Profit YoY | +83.5% | +6.5% | -8.2% | +37.1% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY21 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 681 | 1,091 | 1,243 | 1,373 | 1,508 | 1,577 |
| EBITDA | 81 | 187 | 228 | 245 | 287 | 307 |
| Net profit | 59 | 136 | 163 | 175 | 207 | 222 |
| EPS (₹) | 38.52 | 88.16 | 105.90 | 113.98 | 134.30 | 144.18 |
| Revenue growth | +60.1% | +14.0% | +10.5% | +9.8% | +13.0% | |
| Profit growth | +128.8% | +20.1% | +7.6% | +17.8% | +29.1% | |
| Dividend / share (₹) | 89.00 | 78.00 | 52.00 | 102.00 | 92.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.4% | – | +13.0% |
| Net profit | +15.1% | – | +29.1% |
| EPS | +15.1% | – | – |
| Share price | – | -7.5% (2y) | +5.9% |
Balance sheet
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Shareholders' equity | 260 | 306 | 361 | 429 |
| Borrowings | 0 | 0 | 0 | 0 |
| Cash & equivalents | 56 | 88 | 102 | 116 |
| Total assets | 474 | 551 | 647 | 699 |
| Fixed assets | 88 | 118 | 129 | 143 |
| Capital work in progress | 20 | 4 | 9 | 6 |
| Investments | 0 | 0 | 1 | 3 |
| Receivables | 152 | 189 | 225 | 254 |
| Inventory | 123 | 111 | 131 | 141 |
| Payables | 152 | 133 | 195 | 207 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash from operations | 129 | 141 | 199 | 181 |
| Cash from investing | 5 | -55 | -15 | -46 |
| Cash from financing | -122 | -81 | -157 | -143 |
| Capex | 34 | 28 | 28 | 32 |
| Free cash flow | 96 | 113 | 171 | 149 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ROE % | 52.1% | 53.3% | 48.6% | 48.1% |
| ROCE % | 70.2% | 72.0% | 65.7% | 64.3% |
| Debtor days | 51 | 55 | 60 | 61 |
| Inventory days | 67 | 55 | 59 | 58 |
| Payable days | 82 | 65 | 87 | 86 |
| Cash conversion cycle (days) | 36 | 45 | 32 | 33 |
| Working capital days | 49 | 51 | 53 | 68 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.72% |
| FIIs | 1.52% |
| DIIs | 12.77% |
| of which Mutual funds | 12.52% |
| Public (non-institutions) | 11.98% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% |
| Promoter group | % |
|---|---|
| ESAB Holdings Limited | 37.31% |
| Exelvia Group India B V | 36.41% |
| Public holders above 1% | % |
|---|---|
| SBI Retirement Benefit Fund- Conservative Plan | 6.13% |
| Nippon Life India Trustee Ltd-a/c Nippon India Small CAP Fund | 5.55% |
20,679 shareholders. Pledged: 0.00% of promoter shares.
Peers in Other Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HBLENGINE | ₹21,089 cr | 22.8x | 9.5x | 50.0% | 55.1% | 31.2% | +34.1% | – |
| INOXINDIA | ₹17,251 cr | 67.7x | 15.4x | 25.8% | 29.2% | 21.0% | – | 0.10% |
| ESABINDIA | ₹8,178 cr | 36.9x | 19.1x | 56.1% | 69.1% | 19.5% | +11.4% | 1.73% |
| KRN | ₹7,000 cr | 69.0x | 12.2x | 18.1% | 17.1% | 19.6% | – | – |
| SUBROS | ₹3,885 cr | 23.4x | 3.1x | 14.2% | 18.1% | 8.1% | +10.2% | 0.43% |
| HARSHA | ₹3,716 cr | 24.0x | 2.6x | 11.7% | 13.2% | 14.6% | +6.0% | 0.25% |
| ADOR | ₹2,272 cr | 19.7x | 4.0x | 21.7% | 27.2% | 12.1% | +13.6% | 1.53% |
| DIFFNKG | ₹1,495 cr | 27.2x | 3.7x | 14.1% | 15.3% | 13.8% | – | 0.38% |
| MICEL | ₹865 cr | – | 4.0x | -5.5% | 8.8% | 11.4% | +102.6% | – |
| HTEL | ₹645 cr | – | – | – | – | – | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-23 | Dividend | Dividend - Rs 25 Per Share |
| 2026-02-13 | Dividend | Interim Dividend - Rs 25 Per Share |
| 2025-11-14 | Dividend | Interim Dividend - Rs 25 Per Share |
| 2025-08-07 | Dividend | Dividend - Rs 42 Per Share |
| 2025-02-20 | Dividend | Interim Dividend - Rs 23 Per Share |
| 2024-11-19 | Dividend | Interim Dividend - Rs 25 Per Share |
| 2024-08-01 | Dividend | Annual General Meeting/Dividend - Rs 30 Per Share |
| 2024-04-05 | Dividend | Interim Dividend - Rs 24 Per Share |
| 2023-11-24 | Dividend | Interim Dividend - Rs 32 Per Share |
| 2023-08-03 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2023-02-20 | Dividend | Interim Dividend - Rs 28 Per Share |
| 2022-11-18 | Dividend | Interim Dividend - Rs 30 Per Share |
| 2022-08-03 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2022-02-17 | Dividend | Interim Dividend - Rs 18 Per Share |
| 2021-11-17 | Dividend | Interim Dividend - Rs 22 Per Share |
| 2021-08-04 | Dividend | Annual General Meeting/Dividend - Rs 25 Per Share |
| 2021-02-17 | Dividend | Interim Dividend - Rs 19 Per Share |
| 2020-08-18 | Other | Annual General Meeting |
| 2020-06-11 | Dividend | Interim Dividend - Rs 70 Per Share |
| 2019-08-05 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Metal and metal products
| Sector | Industrials |
| Industry | Other Industrial Products |
| Sub-industry | Other Industrial Products |
| Symbol | ESABINDIA |
| BSE code | 500133 |
| ISIN | INE284A01012 |
| Face value | ₹10.0 |
| Incorporated | 1987-11-10 |
| Website | www.esabindia.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.