Esab India Limited (IN:ESABINDIA)
:ESABINDIA
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Esab India Limited
(ESABINDIA)
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Rating:70Outperform
Price Target:
₹5,451.00
▼(-10.27% Downside)
Action:ReiteratedDate:11/21/25
Esab India Limited's strong financial performance is the primary driver of its overall score, supported by robust revenue growth, solid margins, and effective cash flow management. However, technical indicators suggest overbought conditions, and the high P/E ratio indicates the stock may be overvalued, which tempers the overall score.
Positive Factors
Strong Balance Sheet
Extremely low leverage and a strong equity base materially reduce solvency and refinancing risk, giving management flexibility to fund capex, sustain operations through downturns or pursue strategic investments. A 48.6% ROE indicates efficient capital use supporting durable shareholder returns.
Negative Factors
End‑market Cyclicality
Heavy exposure to cyclical, capex-driven industries makes revenue and equipment sales sensitive to macro swings and project timing. Consumables demand can fall quickly in downturns, creating potential volatility in volumes and near‑term earnings over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Extremely low leverage and a strong equity base materially reduce solvency and refinancing risk, giving management flexibility to fund capex, sustain operations through downturns or pursue strategic investments. A 48.6% ROE indicates efficient capital use supporting durable shareholder returns.
Read all positive factors
Esab India Limited (ESABINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹82.03B
Dividend Yield1.45%
Average Volume (3M)2.05K
Price to Earnings (P/E)54.5
Beta (1Y)0.98
Revenue Growth9.78%
EPS Growth22.46%
CountryIN
Employees771
SectorIndustrials
Sector Strength72
IndustryManufacturing - Tools & Accessories
Share Statistics
EPS (TTM)27.93
Shares Outstanding15,393,020
10 Day Avg. Volume5,915
30 Day Avg. Volume2,051
Financial Highlights & Ratios
PEG Ratio5.26
Price to Book (P/B)19.58
Price to Sales (P/S)5.15
P/FCF Ratio41.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Esab India Limited Business Overview & Revenue Model
Company Description
ESAB India Limited manufactures and sells welding and cutting equipment in India. The company offers gas equipment; welding consumables; welding automation and robotics; ESAB digital solutions; arc welding equipment; plasma cutting equipment; and ...
How the Company Makes Money
Esab India Limited primarily makes money by selling welding and cutting products to industrial customers through a combination of direct sales and distributor/dealer channels. Key revenue streams typically include: (1) Welding consumables (e.g., e...
Esab India Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.39B | 13.73B | 12.39B | 10.91B | 8.96B | 6.78B |
| Gross Profit | 5.14B | 4.23B | 3.25B | 4.19B | 3.23B | 2.35B |
| EBITDA | 2.92B | 2.52B | 2.34B | 1.95B | 1.25B | 939.90M |
| Net Income | 2.08B | 1.75B | 1.63B | 1.36B | 843.10M | 592.90M |
Balance Sheet | ||||||
| Total Assets | 6.37B | 6.47B | 5.51B | 4.74B | 4.36B | 3.88B |
| Cash, Cash Equivalents and Short-Term Investments | 732.20M | 1.02B | 473.40M | 499.50M | 671.70M | 598.10M |
| Total Debt | 36.50M | 39.30M | 45.70M | 40.10M | 26.80M | 33.90M |
| Total Liabilities | 2.20B | 2.86B | 2.45B | 2.14B | 1.92B | 1.29B |
| Stockholders Equity | 4.17B | 3.61B | 3.06B | 2.60B | 2.44B | 2.59B |
Cash Flow | ||||||
| Free Cash Flow | 328.10M | 1.72B | 1.13B | 954.80M | 733.30M | 619.40M |
| Operating Cash Flow | 492.20M | 2.00B | 1.41B | 1.29B | 845.30M | 723.80M |
| Investing Cash Flow | -107.00M | -159.10M | -549.90M | 51.70M | 199.60M | 835.60M |
| Financing Cash Flow | -651.20M | -1.57B | -811.20M | -1.22B | -1.02B | -1.56B |
Esab India Limited Technical Analysis
Positive
6074.60
Price Trends
5427.77
Negative
5614.49
Negative
5345.16
Negative
Market Momentum
-71.55
Negative
50.85
Neutral
69.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ESABINDIA, the sentiment is Positive. The current price of 6074.6 is above the 20-day moving average (MA) of 5271.37, above the 50-day MA of 5427.77, and above the 200-day MA of 5345.16, indicating a neutral trend. The MACD of -71.55 indicates Negative momentum. The RSI at 50.85 is Neutral, neither overbought nor oversold. The STOCH value of 69.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ESABINDIA.
Esab India Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹92.38B | 20.04 | ― | 1.27% | 15.87% | -4.28% | |
70 Outperform | ₹82.03B | 54.50 | ― | 1.45% | 9.78% | 22.46% | |
68 Neutral | ₹53.76B | 75.72 | ― | 0.07% | 24.92% | 50.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ₹34.21B | 43.76 | ― | 1.06% | 16.82% | 39.89% | |
58 Neutral | ₹67.78B | 24.01 | ― | 0.59% | -4.14% | -35.66% |
* Industrials Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.