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Esab India Ltd Fundamentals

Market Cap
₹ 8849.71 Cr
P/E Ratio (TTM)
55.11
P/B Ratio
28.52
Debt to Equity
0.01
ROE
53.79
EPS (TTM)
104.35
Dividend Yield
1.36 %
Book Value
201.59

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Esab India Ltd Financials

Esab India Ltd Financials

Esab India Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 73.72 % 73.72 % 73.72 % 73.72 %
Mutual Funds 12.57 % 12.46 % 12.50 % 12.50 %
Retail 9.64 % 9.65 % 9.83 % 9.98 %
Others 2.80 % 3.03 % 2.87 % 2.85 %
FII 1.27 % 1.14 % 1.08 % 0.95 %

Promoters

73.72%

Mutual Funds

12.57%

Retail

9.64%

Others

2.80%

FII

1.27%

Promoters

73.72%

Mutual Funds

12.46%

Retail

9.65%

Others

3.03%

FII

1.14%

Promoters

73.72%

Mutual Funds

12.50%

Retail

9.83%

Others

2.87%

FII

1.08%

Promoters

73.72%

Mutual Funds

12.50%

Retail

9.98%

Others

2.85%

FII

0.95%

Resistance and Support

₹5,764.93

PIVOT

resistance-arrow
Resistance
First Resistance₹5,834.867
Second Resistance₹5,926.583
Third Resistance₹5,996.517
support-arrow
Support
First Support₹5,673.217
Second Support₹5,603.283
Third Support₹5,511.567

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day9,4382,49840.15
Week5,4057,957-47.76
1 Month5,4054,425-47.76
6 Months746,669383,77856.26

About Esab India Ltd

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.

Managing Director

1987

Founded

Rohit Gambhir

NSE Symbol

ESABINDIA

Esab India Ltd Management

NameDesignation
K VaidyanathanNon-Exec. & Independent Dir.
Vikram TandonNon-Exec. & Independent Dir.
Sudhir ChandNon-Exec. & Independent Dir.
Rohit GambhirManaging Director
Kelvin JohnsonChairman (Non-Executive)
G BalajiCompany Sec. & Compli. Officer
Cauvery DharmarajIndependent Director

Events

Dividend Announcement for Esab India Ltd - Mar 27, 2024

On Mar 27, 2024, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 240.0%. This dividend percentage refle...

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Dividend Announcement for Esab India Ltd - Nov 10, 2023

On Nov 10, 2023, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 320.0%. This dividend percentage refle...

Read More

Dividend Announcement for Esab India Ltd - May 25, 2023

On May 25, 2023, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 200.0%. This dividend percentage refle...

Read More

Esab India Ltd News

Esab India to conduct board meeting
On 23 May 2024
Board of Esab India recommends Second Interim Dividend
Of Rs.24 per share
Esab India to conduct board meeting
On 27 March 2024
Esab India standalone net profit rises 4.52% in the December 2023 quarter
Sales rise 12.74% to Rs 301.45 crore
Esab India to declare Quarterly Result
On 8 February 2024
Esab India fixes record date for interim dividend
Record date is 25 November 2023
Board of Esab India recommends Interim Dividend
Of Rs.32 per share
Esab India to hold board meeting
On 10 November 2023
Esab India standalone net profit rises 65.55% in the June 2023 quarter
Sales rise 22.50% to Rs 298.25 crore
Esab India schedules board meeting
On 11 August 2023

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Esab India Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Esab India Ltd shares in BlinkX

Esab India Ltd's P/E ratio is 55.11 times as of May 23, 2024 at 04:14 PM.

Esab India Ltd's most recent financial reports indicate a price-to-book ratio of 28.52, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Esab India Ltd's market is 8,850 Cr as on May 23, 2024 at 04:14 PM.

The current financial records of Esab India Ltd show a 53.79% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Esab India Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Esab India Ltd stands at 73.72%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 1.14% to 1.27%.