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Esab India Ltd share Price Today

Company details

5,632.00
5,890.00
3,750.00
6,585.95
6M Return -7.40%
1Y Return 59.88%
Mkt Cap.(Cr) 8,694.51
Volume 7,119
Div Yield 1.10%
OI
-
OI Chg %
-
Volume 7,119

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Esab India Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 5,814.9
R2 5,981.5
R3 6,072.9
Pivot

5,723.45

S1 5,556.9
S2 5,465.5
S3 5,298.9
EMA SMA
5,563.2
5,402.0
5,367.8
5,207.1
5,516.5
5,275.4
5,363.6
5,447.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NIPPON INDIA MUTUAL FUND Bulk Purchase 2023-04-27 3345.25 326882 BSE
PGIM INDIA MUTUAL FUND Bulk Sell 2023-04-27 3345.25 328087 BSE
PRAMERICA MUTUAL FUND Bulk Purchase 2021-09-14 2235 270000 NSE
Name Category Shares
ESAB Holdings Limited PROMOTER 37.31%
Exelvia Group India B V PROMOTER 36.41%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Esab India Ltd Stocks COMPARISON

Financials( in Cr) Esab India Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 5,648.35 3,805.25 5,295.70 1,618.00 2,330.90
% Change -2.32 2.46 2.96 -2.09 -1.83
Mcap Cr 8,694.51 105,481.53 63,101.44 30,783.74 25,807.72
Revenue TTM Cr 1,090.80 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 135.68 1,228.15 450.70 441.70 295.08
PE TTM 53.28 68.87 107.06 66.86 67.18
1 Year Return 59.88 138.53 137.48 38.47 13.96
ROCE 69.83 26.89 14.53 20.69 27.49
ROE 53.79 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 260.27 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,090.66 -22,978.04
LAST 3M 106,793.94 -34,010.07
LAST 6M 169,541.16 45,373.47
LAST 12M 268,709.66 125,819.23
Esab India to conduct AGM

May 24, 2024 l BSE Announcement

Esab India Limited - Change in Director

May 24, 2024 l NSE Announcement

Board Meetings Forthcomming

May 23, 2024 l Board Meetings Forthcomming

Date Action Type Ratio
Apr 05, 2024 Dividend 240
Nov 24, 2023 Dividend 320
Aug 03, 2023 Dividend 200

Esab India Ltd Information

Stock PE (TTM)
53.28
Promoter Holding
73.72%
Book Value
198.8694
ROCE
69.83%
ROE
53.79%
Description
  • ESAB India Ltd is one of the leading suppliers of welding and cutting products in the country. The Company is engaged in the business of fabrication technology. The Company operate significantly into domestic and international markets. The company products became an integral part of industries like Shipbuilding, Petrochemical, Construction, Transport, Offshore, Energy and Repair and Maintenance. Their product range cover welding consumables, reclamation consumables, arc equipment, industrial gas equipment, cutting machines and working environment products for specialized welding, cutting and allied needs. They are having their manufacturing facilities located at Kolkata, Chennai and Nagpur. Colfax Corporation is a Delaware, USA based industrial group with existing global business interests in, medical devices, fabrication technology products and services. Colfax Corporation holds 73.72% of equity shares of the company through ESAB Holdings Limited, UK and Exelvia Group India BV, Netherlands which are its indirect wholly-owned subsidiaries. ESAB India Ltd was incorporated on November 10, 1987. In July 1988, the company commenced their business operation with the acquisition of the welding division of Peico Electronics & Electricals Ltd (now Philips India Ltd) located at Kalwa in Maharashtra. In the year 1991, the company acquired the entire welding division of Indian Oxygen Ltd (now known as BOC India Ltd) with three manufacturing units; two at Kolkata and one at Chennai. In the year 1992, the company acquired the controlling interest in Flotech Welding & Cutting Systems Ltd, which was engaged in the manufacture of Cutting Machines in Pune and in the year1994, Maharashtra Weldaids Ltd merged with the company that had a manufacturing unit at Nagpur. In the year 2003, Flotech Welding & Cutting Systems Ltd changed their name to Esab Welding & Cutting Systems Ltd in order to make appropriate use of Esab`s brand name for the effective marketing of their products and in June 2004, Esab Welding & Cutting Systems Ltd ceased operations pursuant to the transfer of their operations to the company`s equipment factory at Taratala. In the year 2005, the company launched a project for commissioning a new manufacturing facility at Irungattukottai near Chennai for the manufacture of Welding and Cutting Equipment and project into commercial production during the year 2006. During the year 2007, Exelvia Group India BV acquired 18.25% of the company`s shares from the public. With this acquisition, together with the existing holding of 7.31% of the company`s shares by Esab Holdings Le, both being the significant shareholders and indirect subsidiaries of Charter Plc, the company became the subsidiary of Charter Plc. Also, the company acquired the remaining equity share capital of their subsidiary company, Esab Welding and Cutting Systems Ltd from Esab Cutting Systems, GmbH, Germany thereby making Esab Welding & Cutting Systems Ltd a 100% subsidiary. In the year 2007, the company set up a new facility for manufacture of Flux Cored Wires and Stick Electrodes at their site in Irungattukottai. Also, they are undertaking significant expansion of capacities at their Nagpur and Khardah plants for Wires and Electrodes and the additional capacities are expected to be in place during the financial year 2008. In July 2008, ESAB Welding & Cutting Systems Ltd, a wholly owned subsidiary company amalgamated with the company. Also, the company proposed to expand their capacity at Nagpur plant for the production of MIG/MAG wires at a total outlay of Rs 30 crore. This expansion will be carried out in phases spreading over 3 years. A Scheme of Amalgamation (`the Scheme`) of Transferor Company viz, ESAB Engineering Services Limited (`EESL`) with ESAB India Limited (`the Company` or `Transferee Company`) was sanctioned by the Honorable High Court of Judicature at Madras vide their order dated 9 December 2010 issued on 29 December 2010. Pursuant to this Scheme, the assets and liabilities of the Transferor Companies were transferred to and vested in the transferee company with effect from 1 April 2010 (Appointed Date). During the FY2011, the company spent towards capital expenditure for the amount of Rs.92 million, which represents about a 60% reduction as compared to previous year. During the FY2013,the company`s Capital Expenditure was about Rs.1,176 Lakhs and projects with productivity enhancements and Quality improvements were prioritized to conserve resources. The outbreak of COVID-19 pandemic and the resulting lockdown enforced from March 25, 2020 has affected the Company`s regular operations. When the world stopped during the COVID-19 pandemic, the industry kept moving forward. ESAB adjusted to the unprecedented times and continued to supply fabricators with innovative solutions while protecting the health and safety of employees. In FY 2021, ESAB made its Netflix debut in the reality competition series "Metal Shop Masters" as the sole provider of welding equipment. During 2021-22, Colfax Corporation had incorporated a wholly owned subsidiary in the name of ESAB Corporation, Delaware, USA and made ESAB Corp., Delaware as the holding company of ESAB Holdings Limited, UK and Exelvia Group India B.V., Netherlands. Further, Colfax Corporation had separated itself from ESAB Corporation, Delaware, USA by selling 90% of the equity shares held in ESAB Corporation, Delaware, USA to the general public shareholders of Colfax Corporation thereby reducing its equity stake in ESAB Corporation, Delaware, USA to 10% with effect from April 4, 2022.

Registered Address

Plot No 13 3rd Main Road, Industrial Estate Ambattur, Chennai, Tamil Nadu, 600058

Tel : 91-44-42281100
Email : balaji.g:esab.co.in; investor.relations:esab.co.in
Website : http://www.esabindia.com
Registrar

Integrated Registry Mgt Servic

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500133
NSE Code : ESABINDIA
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE284A01012

FAQ’s on Esab India Ltd Shares

You can buy Esab India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Esab India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 27, 2024 03:57 PM the closing price of Esab India Ltd was Rs.5,648.35.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 27, 2024 03:57 PM, the market cap of Esab India Ltd stood at Rs. 8,694.51.

The latest PE ratio of Esab India Ltd as of May 27, 2024 03:57 PM is 53.28

The latest PB ratio of Esab India Ltd as of May 27, 2024 03:57 PM is 0.04

The 52-week high of Esab India Ltd share price is Rs. 6,585.95 while the 52-week low is Rs. 3,750.00

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