Esab India Ltd.

BSE: ESABINDIA500133ISIN INE284A01012

Industrials
Other Industrial Products
BSE 1000

Share price

₹5,330.95-115.05 (-2.11%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹7,325.00
52W low: ₹4,714.55
Off 52W high: -27.22%
1M return: -3.33%
3M return: -5.54%
6M return: -25.57%
1Y return: +9.05%
20D avg volume: 185
50 DMA: ₹5,652.34
200 DMA: ₹5,765.25

Key ratios Standalone

Market cap: ₹8,206 Cr
Current price: ₹5,330.95
52W high / low: ₹7,325.00 / ₹4,714.55
Face value: ₹10.00
P/E: 36.98
P/B: 23.61
EPS (TTM): ₹144.15
Book value / share: ₹225.79
ROE: 63.86%
ROCE: 60.80%
Operating margin: 19.22%
Net margin: 13.33%
Debt / equity: 0.00
Net debt: ₹-57.46 Cr
Interest cover: 133.37
Dividend yield: 1.41%
Dividend / share (TTM): ₹75.00
Payout: 52.03%
Cash conversion cycle: 45.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	421.12	395.75	378.83	381.55	352.02	367.72	337.49	338.65	329.61	340.93	301.45	303.14
	1.78	1.74	1.07	2.34	0.88	2.05	3.26	1.26	1.21	1.33	1.04	1.15
	422.90	397.49	379.90	383.89	352.90	369.77	340.75	339.91	330.82	342.26	302.49	304.29
	346.87	337.80	308.07	313.77	297.80	307.24	286.23	281.08	270.98	282.34	251.38	252.24
	194.18	178.62	158.69	148.21	158.55	170.07	148.43	145.36	145.61	155.78	134.34	136.01
	61.50	58.07	50.85	60.32	65.19	48.64	49.99	57.02	51.79	47.89	48.40	44.99
	40.85	41.91	35.31	33.09	34.81	32.55	29.87	29.92	28.27	27.86	30.13	26.15
	0.30	0.38	0.63	0.40	0.66	1.35	0.11	0.11	0.11	0.12	0.11	0.10
	4.62	4.43	4.32	4.04	4.27	3.92	3.88	3.79	3.33	3.53	3.52	3.40
	57.53	57.08	53.40	52.02	52.19	52.46	48.33	45.77	46.78	47.53	39.85	39.80
	76.03	59.69	71.83	70.12	55.10	62.53	54.52	58.83	59.84	59.92	51.11	52.05
	0.00	0.00	-13.65	30.91	0.00	0.00	—	—	—	—	—	—
	76.03	59.69	58.18	101.03	55.10	62.53	54.52	58.83	59.84	59.92	51.11	52.05
	19.89	16.14	15.18	21.83	14.16	15.10	14.14	15.67	15.39	15.67	13.16	13.64
	56.14	43.55	43.00	79.20	40.94	47.43	40.38	43.16	44.45	44.25	37.95	38.41
	36.48	28.30	27.94	51.46	26.60	30.82	26.24	28.04	28.88	28.75	24.66	24.96
Key metrics
	80.95	64.50	63.13	105.47	60.03	67.80	58.51	62.73	63.28	63.57	54.74	55.55
	19.20%	16.30%	16.70%	27.60%	17.10%	18.40%	17.30%	18.50%	19.20%	18.60%	18.20%	18.30%
	13.30%	11.00%	11.40%	20.80%	11.60%	12.90%	12.00%	12.70%	13.50%	13.00%	12.60%	12.70%
	—	13.20%	—	23.70%	—	17.10%	—	—	—	—	—	—
	19.60%	7.60%	12.20%	12.70%	6.80%	7.90%	12.00%	11.70%	—	—	—	—
	37.10%	-8.20%	6.50%	83.50%	-7.90%	7.20%	6.40%	12.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,577	1,508	1,373	1,243	1,091	892.80
	6.93	6.03	7.78	6.49	7.80	8.18
	1,584	1,514	1,381	1,250	1,099	900.98
	1,307	1,257	1,146	1,030	916.31	787.42
	679.70	644.07	609.47	568.67	523.73	441.61
	230.74	234.43	207.44	178.84	156.51	135.19
	151.16	145.12	120.61	108.98	96.92	94.81
	1.71	2.07	1.68	0.42	0.31	0.29
	17.41	17.06	14.92	13.79	11.88	11.33
	220.03	214.69	193.34	162.65	135.28	116.76
	277.67	256.74	235.72	219.96	182.29	113.56
	17.26	17.26	0.00	—	—	—
	294.93	274.00	235.72	219.96	182.29	113.56
	73.04	67.31	60.30	56.98	46.61	29.25
	221.89	206.69	175.42	162.98	135.68	84.31
	144.18	134.30	113.98	105.90	88.16	54.78
Key metrics
	314.05	293.13	252.32	234.17	194.48	125.18
	19.91%	19.40%	18.40%	18.80%	17.80%	14.00%
	14.07%	13.70%	12.80%	13.10%	12.40%	9.40%
	—	60.80%	63.70%	—	—	—
	12.99%	9.80%	10.50%	14.00%	22.20%	—
	29.07%	17.80%	7.60%	20.10%	60.90%	—
	—	149.14	170.85	—	—	—
	—	0.87	1.13	—	—	—
	—	0.00	0.00	—	—	—
	—	-57.46	-65.11	—	—	—
	—	45.4	42.8	—	—	—
Balance sheet
	—	698.87	647.10	—	—	—
	—	525.35	475.44	—	—	—
	—	57.46	65.11	—	—	—
	—	254.07	225.13	—	—	—
	—	140.67	130.66	—	—	—
	—	14.12	16.68	—	—	—
	—	143.13	129.49	—	—	—
	—	206.99	194.58	—	—	—
	—	244.93	274.33	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	429.38	361.25	—	—	—
Cash flow
	—	180.69	198.81	—	—	—
	—	-45.78	-14.62	—	—	—
	—	-142.56	-157.44	—	—	—
	—	31.55	27.96	—	—	—

Compounded growth

Sales CAGR 3Y: +11.40%
Sales CAGR 5Y: —
Profit CAGR 3Y: +15.06%
Profit CAGR 5Y: —
Sales YoY (TTM): +12.99%
Profit YoY (TTM): +29.07%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 73.72%

Holder	Type	Holding	Previous	Change
ESAB Holdings Limited	Promoter	37.31%	—	—
Exelvia Group India B V	Promoter	36.41%	—	—
SBI RETIREMENT BENEFIT FUND- CONSERVATIVE PLAN	Public	6.13%	—	—
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND	Public	5.55%	—	—
MARGIN TRADING ACCOUNT-INDIVIDUAL	Public	0.00%	—	—
DEUTSCHE BANK A.G.	Public	0.00%	—	—
RESIDENT-STOCK BROKER PROPRIETARY	Public	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
HBL ENGINEERING LIMITED	23,187	836.50	43.20	45.90%	—	—	-15.86%
INOX India Limited	17,557	1,930.95	67.38	30.80%	+22.53% TTM	+5.98% TTM	+59.26%
Esab India Ltd. S	8,206	5,330.95	36.98	60.80%	+12.99% TTM	+29.07% TTM	+9.05%
KRN HEAT EXCHANGER AND REFRIGERATION LIMITED	6,620	1,011.40	57.55	18.00%	+77.18% TTM	+94.83% TTM	+27.68%
Harsha Engineers International Limited	4,200	461.30	25.73	14.20%	+22.34% TTM	+65.44% TTM	+15.61%
Subros Ltd.	3,881	594.85	22.79	16.70%	+21.25% TTM	+5.94% TTM	-42.91%
Ador Welding Ltd.	2,462	1,414.95	21.32	20.30%	+12.93% TTM	+111.66% TTM	+31.10%
Diffusion Engineers Limited	1,568	419.05	27.32	15.70%	+38.32% TTM	+34.51% TTM	+12.53%
MIC Electronics Limited	1,085	36.43	-89.18	10.00%	+132.72% TTM	-227.43% TTM	-30.96%
Hy-Tech Engineers Limited	768	81.02	—	—	+17.36% FY26	+15.14% FY26	—
Technocrats Plasma Systems Limited S	715	406.20	—	—	+166.03% FY26	+84.22% FY26	—
MALLCOM (INDIA) LTD.	570	912.80	21.29	14.80%	+3.91% TTM	-54.47% TTM	-36.70%
Simplex Castings Ltd. S	527	128.45	22.54	26.20%	+15.32% TTM	+28.04% TTM	+32.38%
Sealmatic India Limited	523	481.70	—	12.10%	—	—	+23.38%
EXPO ENGINEERING AND PROJECTS LIMITED S	228	88.00	191.30	14.20%	-34.54% TTM	-70.94% TTM	+12.12%
QUEST FLOW CONTROLS LIMITED	184	179.70	—	0.40%	—	—	-26.97%
ALPHALOGIC INDUSTRIES LIMITED S	133	131.00	21.69	26.00%	—	—	+20.52%
W.H. Brady & Co. Ltd.	122	476.80	18.49	8.20%	-9.14% TTM	-71.81% TTM	-34.79%
Narmadesh Brass Industries Limited S	100	323.00	271.43	9.80%	—	—	—
MAURIA UDYOG LIMITED	82	6.18	3.71	39.10%	-13.01% TTM	+6.43% TTM	-52.72%
Siyaram Recycling Industries Limited S	75	34.44	22.36	11.20%	—	—	-63.07%
Indian Link Chain Mnfrs. Ltd. S	61	229.40	-201.23	-0.90%	-100.00% TTM	-321.43% TTM	-87.52%
DELTA MANUFACTURING LIMITED	60	55.33	-5.70	22.80%	+3.75% TTM	+7.22% TTM	-25.73%
Gabriel Pet Straps Limited	47	63.18	—	4.90%	—	—	-78.87%
Storage Technologies and Automation Limited	45	34.84	—	-6.10%	—	—	-51.11%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

The Board of Directors of the Company at its meeting held on 04th November 2026 has declared Interim Dividend of Rs.20 per equity share of Rs. 10 each for the financial year 2026-274 Nov 2026 · Corp. Action / Dividend
In pursuance of Regulation 33 read with Regulation 30 of Securities Exchange Board of India LODR we are submitting herewith the textual matter of Unaudited Financial Results for the quarter ....4 Nov 2026 · Board Meeting / Outcome of Board Meeting
This is to certify that the securities received for dematerialization have been mutilated and cancelled after due verification and the name of the depository has been substituted in our ....5 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Esab India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Notice is hereby given that a meeting ....25 Sep 2026 · Board Meeting / Board Meeting
Pursuant to SEBI (PIT) Regulation, 2015 read with the amendment regulations, 2018 the Trading Window for the purpose of transaction in Company''s Shares will closed with effect from 1st ....25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Further to our letter dated 30th December 2025, wherein we informed you of the receipt of two orders and conveyed our decision to appeal the same before the appropriate income tax authority, ....21 Aug 2026 · Company Update / General
This is to inform you that in terms of Regulation 33 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are sending herewith the textual ....11 Aug 2026 · Board Meeting / Outcome of Board Meeting
Pursuant to the regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform you that Mr. Biswadeep Banerjee, General Manager - Equipment Sales & After Market, a SMP of the Company, ....31 Jul 2026 · Company Update / Change in Management
Pursuant to the provisions of Regulation 44(3) of SEBI (LODR) Regulations, 2015, we hereby attach the voting results and scrutinizers report of 39th AGM of the Members of ESAB India Limited ....30 Jul 2026 · AGM/EGM / AGM
Pursuant to Regulation 34 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, we hereby submit the revised Annual Report for the ....29 Jul 2026 · Others / Reg. 34 (1) Annual Report
Pursuant to the provisions of Regulation 30 read with schedule III Para A Part A of SEBI (LODR) Regulations, 2015, we hereby inform you that the 39th AGM of the members of ESAB India Limited ....29 Jul 2026 · AGM/EGM / AGM
In furtherance to our letter dated 03rd July 2026, we wish to inform that there were inadvertent omission/ typographical errors noticed in the Annual Report for financial year 2025-26 of ....7 Jul 2026 · Others / Reg. 34 (1) Annual Report
In furtherance to our letter dated 03rd July 2026, we wish to inform that there were inadvertent omission/typographical errors noticed in the annual report for the financial year 2025-26 ....7 Jul 2026 · Company Update / General
This is to certify that the securities received for dematerialization have been mutilated and cancelled after due verification and the name of the depository has been substituted in our ....6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to Regulation 30 and 34(1) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, please find enclosed the Notice of 39th Annual General Meeting and the ....3 Jul 2026 · Others / Reg. 34 (1) Annual Report
Pursuant to Regulation 30 and 34(1) of SEBI LODR Regulations, 2015, please find enclosed the Notice of 39th Annual General Meeting and the Annual Report for the Financial year 2025-26. Pursuant ....3 Jul 2026 · AGM/EGM / AGM
Esab India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve Notice is hereby given that a ....26 Jun 2026 · Board Meeting / Board Meeting
As per the Company''s Code of Conduct to regulate, monitor and designated persons framed pursuant to the SEBI (PIT) Regulations, 2015 read with the amendment regulation , 2018 trading window ....26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Record date for the purpose of final Dividend and AGM is 23rd July 202627 May 2026 · Corp. Action / Record Date
Outcome of the Board meeting27 May 2026 · Board Meeting / Outcome of Board Meeting
Audited financial results for the quarter and year ended 31st March 2026.27 May 2026 · Result / Financial Results
Please find attached the Annual Secretarial Compliance report for the FY 2025-2621 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
We hereby inform you that the company has received an order dated 30th April 2026 from Deputy commissioner of Revenue, State Tax, Office of the Senior Joint Commissioner, Commercial Taxes, ....30 Apr 2026 · Company Update / General
In pursuance of regulation 30 and para a of part a of schedule III of SEBI LODR Regulations 2015, we wish to inform you that ESAB Holdings Limited vide its letter dated 22nd April 2026 ....30 Apr 2026 · Company Update / Resignation of Director
Pursuant to regulation 30 and Para A part A of Schedule 3 of SEBI LODR regulations, 2015, We wish to inform you that ESAB Holdings Limited vide its letter dated 22nd April 2026 has withdrawn ....30 Apr 2026 · Company Update / Change in Management
In pursuance of regulation 30 and Para A of Part A of Schedule III of SEBI LODR, Regulations 2015, we wish to inform you that ESAB Holdings Limited vide its letter dated 22nd April 2026 ....30 Apr 2026 · Company Update / Cessation
This is to certify that the securities received for dematerialization have been mutilated and cancelled after due verification and the name of the depository have been substituted in our ....3 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to SEBI PIT Regulations, 2015 read with amendment regulations, 2018 the trading window for the purpose of transacting in the company''s shares will remain closed with effect from ....27 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Esab India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve Notice is hereby given that a meeting ....25 Mar 2026 · Board Meeting / Board Meeting
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund23 Feb 2026 · Insider Trading / SAST / Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund21 Feb 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The board of directors of the company at its meeting held today on 10th February 2026 has declared second interim dividend of Rs.25 per equity share of Rs. 10 each. As per the regulation ....10 Feb 2026 · Corp. Action / Record Date
In pursuance of regulation 33 read with regulation 30 of SEBI LODR regulations 2015, we are sending herewith the textual matter of Unaudited financial results for the quarter and nine months ....10 Feb 2026 · Result / Financial Results
In pursuance of Regulation 33 read with Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are sending herewith the ....10 Feb 2026 · Board Meeting / Outcome of Board Meeting
Further to our earlier letters dated 10th February 2025 on equity investment in a SPV for Group captive consumption of renewable energy, we hereby update you that the company will be subscribing ....28 Jan 2026 · Company Update / Acquisition
This is to certify that the securities received for dematerialization have been mutilated and cancelled after due verification and the name of the depository has been substituted in our ....5 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We hereby inform that the company has received two orders under section 270A of the Income tax act 1961, from the income tax department imposing penalty on the company in relation to assessment ....30 Dec 2025 · Company Update / General
As per the company''s code of conduct to regulate, monitor and report trading by Designated person framed pursuant to SEBI (PIT) Regulation, 2015 the Trading Window for the purpose of transaction ....29 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Esab India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/02/2026 ,inter alia, to consider and approve Notice is hereby given that a meeting ....29 Dec 2025 · Board Meeting / Board Meeting
We hereby inform that the audit committee and the board of directors at their meeting held on 10th November 2025, have reviewed and approved the disposal of asset held for sale (Khardah ....10 Nov 2025 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 25.0000	23 Jul 2026	23 Jul 2026	—
Interim Dividend - Rs. - 25.0000	13 Feb 2026	14 Feb 2026	—
Interim Dividend - Rs. - 25.0000	14 Nov 2025	14 Nov 2025	—
Final Dividend - Rs. - 42.0000	7 Aug 2025	7 Aug 2025	—
Interim Dividend - Rs. - 23.0000	20 Feb 2025	20 Feb 2025	—
Interim Dividend - Rs. - 25.0000	19 Nov 2024	20 Nov 2024	—
Final Dividend - Rs. - 30.0000	1 Aug 2024	—	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
11 Aug 2026 Board Meeting - Financial Results