Esab India share price
NSE: ESABINDIABSE: 500133Industrial ProductsSmall Cap
Esab India Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jan 1989 on BSE, Nov 1995 on NSE
Last close ₹5,258.50down ₹63.50 (1.19%)BSE ₹5,263.90
Share price at the NSE close on 30 Oct 2026. Previous close ₹5,322.00.
30 Oct: open ₹5,337.00, high ₹5,337.00, low ₹5,213.00
52-week range of traded prices to 30 Oct 2026
₹4,710.00Low, 7 Nov 2025₹7,319.50High, 7 May 2026
- Next results date: the board meets on 4 Nov 2026 to consider: financial results and dividend. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹8,094 Cr583rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 36.48
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 18.85
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.43%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 56.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 63.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,09144.2% delivered
About Esab India
Esab India Limited makes products including electrodes at plants in Chennai, Sriperumbudur and Nagpur.12 Its senior management includes heads of consumable sales, equipment sales and after-market, and welding automation.3 It sells through a distribution network and exports products and services to countries including Australia, China, Germany, Saudi Arabia and the USA.45
It buys from and sells to related parties (companies in its own group), and provides them support services through its GCC (a global capability centre, an office that does work for the wider group) as well as research and development services.67 ESAB Corporation of Delaware, USA is its ultimate parent and holds 73.72% of its shares through ESAB Holdings Limited, UK and Exelvia Group India B V, Netherlands.8 The company has no subsidiary, joint venture or associate company, so its accounts cover the company alone.9
It was incorporated in 1987.10 Maharashtra Weldaids Limited was amalgamated with the company in 1994.11 Rohit Gambhir is managing director, on a term that runs to 30 Sep 2028.12 It had 1,003 employees at the end of March 2026, against 933 a year earlier.13
Esab India key points
Results
- Total revenue was ₹1,51,418 lakh in the year to Mar 2026, against ₹1,38,125 lakh a year earlier.14
- Revenue from operations grew 9.80% in the year to Mar 2026, across all product categories, from both volume and price.15
- Operating profit, as the company's financial highlights present it before exceptional items (one-off items reported apart), was ₹25,674 lakh in the year to Mar 2026, against ₹23,572 lakh; exceptional items of ₹1,726 lakh took profit before tax to ₹27,400 lakh.16
- Profit after tax was ₹20,669 lakh in the year to Mar 2026, against ₹17,542 lakh a year earlier, and earnings per share ₹134.30 against ₹113.98.17
Cash, debt and dividends
- Cash and cash equivalents were ₹57.46 crore at the end of March 2026, against ₹65.11 crore a year earlier; the company is debt free and funded all business needs from its own cash.18
- Net cash from operating activities was ₹18,069 lakh in the year to Mar 2026, against ₹19,881 lakh a year earlier.19
- Shareholders' funds were ₹429.38 crore at the end of March 2026, against ₹361.25 crore a year earlier. For the year, the company paid interim dividends totalling ₹50 a share and proposed a final dividend of ₹25 a share.20
Exports and foreign exchange
- The company said exports of goods and services grew in the year to Mar 2026, while the fabrication segment overall showed low growth.21
- In the year to Mar 2026, foreign exchange earnings were ₹25,206 lakh and outflows ₹27,743 lakh, including ₹22,105 lakh for imports of raw materials, components and capital goods, a net outflow of ₹2,573 lakh.22
Expansion and capital spending
- Capital expenditure was ₹29.78 crore in the year to Mar 2026, mainly on buildings, environment, health and safety (EHS), R&D and refurbishing existing lines, for productivity, marginal capacity additions and IT upgrades.23
- During the year to Mar 2026 the company added an extruder line with a continuous oven and automatic packing, new layer winding machines and submerged arc welding (SAW) reeling machines, and commissioned a zero liquid discharge plant (which releases no waste water).24
What the company expects
- The company stated in its annual report for the year to Mar 2026 that it expects volatility to continue in the face of developments in West Asia.25
- The company stated in its annual report for the year to Mar 2026 that new products, export opportunities for goods and services and a revival of the capital goods cycle are possible opportunities for the year ahead.26
- The company stated in its annual report for the year to Mar 2026 that it sees pricing pressure, liquidity, supply chain effects on working capital, global factors and cyber security as key risks.27
Last updated
All 29 sources, each with its page
- 1. Annual report, 29 Jul 2026, page 28
- 2. Annual report, 29 Jul 2026, page 89
- 3. Annual report, 29 Jul 2026, page 85
- 4. Annual report, 29 Jul 2026, page 22
- 5. Annual report, 29 Jul 2026, page 29
- 6. Annual report, 29 Jul 2026, page 24
- 7. Annual report, 29 Jul 2026, page 22
- 8. Annual report, 29 Jul 2026, page 23
- 9. Annual report, 29 Jul 2026, page 23
- 10. Annual report, 29 Jul 2026, page 3
- 11. Annual report, 29 Jul 2026, page 26
- 12. Annual report, 29 Jul 2026, page 93
- 13. Annual report, 29 Jul 2026, page 23
- 14. Annual report, 29 Jul 2026, page 5
- 15. Annual report, 29 Jul 2026, page 22
- 16. Annual report, 29 Jul 2026, page 5
- 17. Annual report, 29 Jul 2026, page 5
- 18. Annual report, 29 Jul 2026, page 23
- 19. Annual report, 29 Jul 2026, page 110
- 20. Annual report, 29 Jul 2026, page 22
- 21. Annual report, 29 Jul 2026, page 22
- 22. Annual report, 29 Jul 2026, page 29
- 23. Annual report, 29 Jul 2026, page 23
- 24. Annual report, 29 Jul 2026, page 28
- 25. Annual report, 29 Jul 2026, page 22
- 26. Annual report, 29 Jul 2026, page 22
- 27. Annual report, 29 Jul 2026, page 22
- 28. Annual report, 29 Jul 2026, page 16
- 29. Annual report, 29 Jul 2026, page 93
Results
Standalone; ₹ crore.Esab India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +13.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +29.1%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹421 Crup 6.41%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹56 Crup 28.91%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 13.3%
Revenue by quarter
Peak revenue ₹421 Cr, quarter to Jun 2026; lowest ₹337 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | 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 |
| Net profit | 43 | 40 | 47 | 41 | 79 | 43 | 44 | 56 |
| Net margin | 12.7% | 12.0% | 12.9% | 11.6% | 20.8% | 11.4% | 11.0% | 13.3% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,508 Crup 9.81%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹207 Crup 17.83%
- Net margin
- 13.7%
Revenue by year
Peak revenue ₹1,508 Cr, year to Mar 2026; lowest ₹474 Cr, year to Mar 2017
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 474 | 544 | 672 | 698 | 681 | 893 | 1,091 | 1,243 | 1,373 | 1,508 |
| Net profit | 26 | 37 | 58 | 71 | 59 | 84 | 136 | 163 | 175 | 207 |
| Net margin | 5.5% | 6.8% | 8.6% | 10.2% | 8.7% | 9.4% | 12.4% | 13.1% | 12.8% | 13.7% |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, Fabrication Technology, which carries all its revenue.
Valuation
Today, against the company's own history.Esab India PE ratio and valuation
Price to earnings
At or below today's level on 39% of 2,479 trading days over the last 10 years.
LowestHighest
Its median43.63Industry median22.15
Price to book
At or below today's level on 42% of 1,980 trading days since Nov 2018.
LowestHighest
Its median20.17Industry median2.52
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 42% of 2,474 trading days over the last 10 years.
LowestHighest
Its median1.58%Industry median0.38%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +10.9% | +17.8% | −7.1% | 1.5% |
| 3 years | +13.7% | +15.1% | −2.7% | 1.7% |
| 5 years | +24.5% | +28.4% | −4.5% | 1.9% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
15 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before.All 15 funds holding Esab India
- CutCut. Funds that held fewer shares than at the end of the month before.
- 2
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 13
| Fund | |||
|---|---|---|---|
 SBI Small Cap FundSBI Mutual Fund | 9,00,000 | 1.21% | ₹497.7 Cr |
 Nippon India Small Cap FundNippon India Mutual Fund | 8,53,782 | 0.58% | ₹472.1 Cr |
 Sundaram Small Cap FundSundaram Mutual Fund | 52,052 | 0.70% | ₹28.8 Cr |
| SBI Retirement Benefit Fund - AggressiveSBI Mutual Fund | 31,039 | 0.56% | ₹17.2 Cr |
 Aditya Birla Sun Life MNC FundAditya Birla Sun Life Mutual Fund | 30,570 | 0.56% | ₹16.9 Cr |
| Sundaram Infrastructure Advantage FundSundaram Mutual Fund | 25,000 | 1.50% | ₹13.8 Cr |
| SBI Retirement Benefit Fund - Aggressive HybridSBI Mutual Fund | 11,881 | 0.41% | ₹6.57 Cr |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series IIISundaram Mutual Fund | 3,065 | 2.26% | ₹1.69 Cr |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series VISundaram Mutual Fund | 1,517 | 2.34% | ₹0.84 Cr |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series IVSundaram Mutual Fund | 1,446 | 2.24% | ₹0.80 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Esab India competitors and peers
Other Industrial Products, 58 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Esab India in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 HBL EngineeringHBLENGINE | 22,158 | 28.38 | 10.01 | +63.0% | +129.6% | 42.2% | 45.0% | 0.38% |
 INOX IndiaINOXINDIA | 16,913 | 66.37 | 15.13 | +19.9% | +8.8% | 25.6% | 25.9% | 0.11% |
 KRN Heat Exchanger and RefrigerationKRN | 7,509 | 65.28 | 7.63 | +77.2% | +94.8% | 15.2% | 12.0% | 0.00% |
 WPILWPIL | 4,004 | 23.61 | 2.52 | +8.4% | +46.6% | 11.5% | 12.4% | 0.49% |
 Harsha Engineers InternationalHARSHA | 3,771 | 24.38 | 2.69 | +20.2% | +69.6% | 11.6% | 11.4% | 0.36% |
 SubrosSUBROS | 3,760 | 22.60 | 3.02 | +13.8% | +6.4% | 14.2% | 15.7% | 0.52% |
| Aimtron ElectronicsAIMTRON | 3,449 | 75.02 | 14.70 | +89.2% | +79.4% | 23.6% | – | 0.00% |
 Ador WeldingADOR | 2,316 | 20.06 | 4.07 | +12.9% | +111.7% | 21.7% | 22.8% | 2.29% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Esab India dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹90.00 a share, years to Mar 2019 and Mar 2025.
| Ex-date | Type | Per share |
|---|---|---|
| 23 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹25.00 |
| 13 Feb 2026 | Interim | ₹25.00 |
| 14 Nov 2025 | Interim | ₹25.00 |
| 7 Aug 2025 | Final | ₹42.00 |
| 20 Feb 2025 | Interim | ₹23.00 |
| 19 Nov 2024 | Interim | ₹25.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Esab India announcements
Sep 2026
Aug 2026
21 Aug · Legal
11 Aug · Results
Jul 2026
31 Jul · Management
Esab India share price by year
Each calendar year to 2025.Esab India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 6,091.00 | +3.4% | 6,361.50 | 4,330.65 |
| 2024 | 5,890.15 | +0.1% | 6,634.50 | 4,785.00 |
| 2023 | 5,881.75 | +42.1% | 6,458.85 | 3,281.50 |
| 2022 | 4,140.15 | +23.4% | 4,210.25 | 2,715.90 |
| 2021 | 3,354.05 | +76.2% | 3,445.25 | 1,744.60 |
| 2020 | 1,903.85 | +47.6% | 1,904.30 | 947.70 |
| 2019 | 1,290.30 | +40.5% | 1,387.65 | 816.00 |
| 2018 | 918.55 | +14.7% | 1,027.05 | 603.30 |
| 2017 | 800.60 | +38.6% | 1,024.60 | 552.65 |
| 2016 | 577.50 | −10.6% | 672.75 | 440.95 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 5,264.00 | 5,379.00 | 5,241.50 | 5,322.00 | 5,323.72 | 1,848 | 35.2% |
| 28 Oct 2026 | 5,280.00 | 5,318.50 | 5,234.00 | 5,275.00 | 5,271.16 | 1,588 | 49.8% |
| 27 Oct 2026 | 5,314.00 | 5,349.50 | 5,250.50 | 5,274.00 | 5,302.50 | 1,785 | 44.7% |
| 26 Oct 2026 | 5,300.00 | 5,341.00 | 5,210.50 | 5,314.00 | 5,281.35 | 3,426 | 47.1% |
| 23 Oct 2026 | 5,370.00 | 5,370.00 | 5,096.50 | 5,307.50 | 5,208.08 | 7,447 | 50.8% |
| 22 Oct 2026 | 5,291.50 | 5,450.00 | 5,225.00 | 5,389.50 | 5,301.10 | 2,643 | 54.6% |
| 21 Oct 2026 | 5,423.00 | 5,423.00 | 5,261.00 | 5,291.50 | 5,307.21 | 2,087 | 56.7% |
| 19 Oct 2026 | 5,472.00 | 5,472.00 | 5,365.50 | 5,424.00 | 5,414.45 | 2,333 | 58.6% |
| 16 Oct 2026 | 5,471.00 | 5,471.00 | 5,413.00 | 5,453.00 | 5,446.10 | 1,004 | 57.8% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- ESABINDIA
- BSE code
- 500133
- ISIN
- INE284A01012
- Industry
- Industrial Products
- Website
- www.esabindia.com
- CIN
- L29299TN1987PLC058738
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1987
- Registered office
- Plot No. 13, 3rd Main Road,, Industrial Estate, Ambattur, Chennai 600058, Tamil Nadu
- Share registrar
- Integrated Registry Management Services Pvt. Ltd (Integrated Enterprises (India) Ltd)
- Keeps the register of shareholders and handles transfers and dividend payments