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As of 6 Nov 2026, Esab India trades at 34.7× trailing earnings, above the industry P/E of 22.6×, and the shares are 32% below their 52-week high. It earns ROCE of 61% and ROE of 52%, and sales and net profit grew 11% and 15% a year over 3 years. It has almost no debt, and its dividend yield is 1.9%. It is a small-cap company with a market cap of ₹7,703 Cr, ranked 5th of 31 Tools & Accessories companies by market cap; the shares rose 4.8% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹5,125.50
Day high
₹5,125.50
Day low
₹4,980.00
Prev. close
₹5,115.50
Volume
6.1K

Health check

3 good · 1 fair · 2 to check
  • ReturnsIn line

    +4.8% over a year, better than 3 of 7 peers.

  • Price tagPricier

    P/E 34.7 vs industry 22.6.

  • GrowthStrong

    Sales +11.4%, profit +15.1% a year over 3 years.

  • ProfitabilityStrong

    ROCE 60.8% vs peer median 18.8%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 8 of 9.

  • Red flags2 to check

    P/E of 34.7 against an industry P/E of 22.6.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Tools & Accessories

30 listed peers. Screen the industry

Small cap

₹7,703 Cr, #5 of 31 in its industry by size.

Defensive

Beta 0.41 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,577 Cr · profit ₹222 Cr
Market cap
₹7,703 Cr
Small cap
P/E
34.7
Industry 22.6
Price to book
17.94
Peers 5.66
Dividend yield
1.88%
ROE
52.3%
Peers 15.0%
ROCE
60.8%
Peers 18.8%
Debt to equity
0.01
Debt ₹3.35 Cr
EPS (TTM)
₹144.18
Face value ₹10
OPM (TTM)
18.4%
Net margin 14.1%
Sales growth
+19.6%
Latest quarter vs a year ago
Profit growth
+37.1%
Latest quarter vs a year ago
Price to sales
4.88
EV/EBITDA 28.1

Strengths and risks

Strengths

  • Return on equity of 52.3%.
  • Return on capital employed of 60.8%.
  • Practically debt-free.
  • Quarterly profit up 37.1% on a year ago.
  • Quarterly sales up 19.6% on a year ago.

Risks to check

  • P/E of 34.7 against an industry P/E of 22.6.
  • 32% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Esab India

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, hardfacing, low alloy, mild and stainless steel, nickel, and other; cutting…

Headquarters
Chennai
Employees
934
Sector
Industrials
ISIN
INE284A01012
Website
esabindia.com

Price range

52 weeks

₹4,766.50₹7,319.50

Today

₹4,980.00₹5,125.50
Avg volume (3M)
5.9K
1-year return
plus 4.8%
From 52-week high
minus 31.6%

Peers · Tools & Accessories

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
TIMKENTimken India3,057.80minus 2.14%23,00050.735.418.5%18.5%0.007.5%plus 2.4%
CARBORUNIVCarborundum Universal1,041.30minus 3.99%19,838134.032.97.1%8.4%0.123.8%plus 21.1%
SKFINDUSSKF India (Industrial)2,343.60minus 2.47%11,58649.4––10.3%0.00–minus 13.0%
KENNAMETKennametal India3,585.60minus 5.65%7,88140.226.131.2%23.9%0.0011.4%plus 44.8%
ESABINDIAEsab India5,004.00minus 2.18%7,70334.728.160.8%18.4%0.0111.4%plus 4.8%
SKFINDIASKF India1,425.60plus 0.37%7,04845.314.431.7%11.1%0.00−4.9%minus 33.0%
TIILTechnocraft Industries (India)2,726.40minus 1.58%6,18218.213.719.1%18.5%0.4012.2%plus 14.3%
HARSHAHarsha Engineers International457.15minus 2.41%4,16226.917.714.1%14.6%0.275.8%plus 17.9%
Median of 7 peers–−2.41%7,88145.321.918.8%14.6%0.006.7%14.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
352382379396421
293309303333342
59.272.275.762.879.2
16.8%18.9%20.0%15.9%18.8%
0.92.31.11.71.8
0.70.40.60.40.3
4.344.34.44.6
–30.9−13.7––
55.110158.259.776
25.7%21.6%26.1%27.0%26.2%
40.979.24343.656.1
26.6051.4627.9428.3036.48

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+11.4%
Profit CAGR 3Y
+15.1%
EPS CAGR 3Y
+15.1%
ROE
52.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,0861,2391,3661,502
–+14.1%+10.3%+9.9%
8961,0091,1201,231
189230246271
17.5%18.5%18.0%18.0%
3.13.95.14
0.32.11.72.1
11.913.814.917.1
22.2118.6
182220236274
25.6%25.9%25.6%24.6%
136163175207
–+20.1%+7.6%+17.8%
88.16105.90113.98134.30

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
15.415.415.415.4
245291346414
44.63.93.4
210240284266
474551649699
112128143152
19.64.39.45.7
0.20.40.62.6
504792.1104
292372404434
474551649699

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
129141199181
5.2−55−14.6−45.8
−122−81.1−157−143
12.24.926.8−7.7
−33.8−28.5−28−31.6
95.5113171149
−120−80.1−156−142

Shareholding pattern

Source: NSE filings
73.7%
promoters
  • Promoters73.72%
  • Public26.28%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202673.72%26.28%0.00
30 Jun 202673.72%26.28%0.00
31 Mar 202673.72%26.28%0.00
31 Dec 202573.72%26.28%0.00
30 Sep 202573.72%26.28%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you