Esab India share price & results

Esab India· Capital Goods· Industrials

Results to: Jun 2026
Ownership as of: Sept 2026

Indian arm of the global ESAB group, making welding and cutting equipment and consumables for industry.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	421 ₹ crore	+19.6% YoY	Quarterly, as filed	Quarter to Jun 2026	Revenue from operations as filed.
Operating margin	19.0 %	+2.0 pts YoY	Operating profit / revenue	Quarter to Jun 2026	For the quarter; a change is in percentage points.
Net profit	56.0 ₹ crore	+36.6% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.
Return on equity	Unavailable	−18.2 ptsFY Dec 2007 vs FY Dec 2006	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.
Free cash flow margin	Unavailable	−0.0 ptsFY Dec 2007 vs FY Dec 2006	Fiscal year	FY · period unavailable	Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)	Unavailable	−2.3 ptsFY Dec 2007 vs FY Dec 2006	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Price

₹5,274 −0.75% · −₹40

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +4.9% 1Y

1Y: ₹5,025.3 on 24 Oct 2025 → ₹5,274. High ₹7,150.5 (6 May 2026), low ₹4,761.8 (7 Nov 2025).

Previous close: ₹5,314
Market cap: ₹8.2k Cr
52-week range: ₹4,761.8 – ₹7,150.5
One year: +6.65%

Overview

Symbol: NSE:ESABINDIA
Sector: Capital Goods
Industry: Industrials
Exchange: NSE
Currency: INR

What Esab India does

Based on the company's own presentations, annual report and earnings calls.

Esab India Limited manufactures and sells welding and cutting equipment and consumables used in industrial fabrication, infrastructure and engineering applications. It is part of the global ESAB group, with ESAB Europe GmbH, Switzerland as a Group Company, and is affiliated in India with EWAC Alloys Limited, a fellow group company that makes welding alloys. The company is registered in Ambattur, Chennai, Tamil Nadu, and earns revenue mainly from selling its equipment and consumable products to industrial customers across India.

Group affiliation: Subsidiary within the global ESAB group (ESAB Europe GmbH, Switzerland is a Group Company)
Related India group entity: EWAC Alloys Limited (fellow subsidiary, welding alloys)

Founded 1987Headquarters Ambattur, Chennai, Tamil NaduEmployees 933 (2025-03-31) Company website

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 3 fiscal years held (Dec 2005 to Dec 2007).

Dec 2005 Dec 2006 Dec 2007
8.00 days 12.00 days 10.00 days

How it is calculated. Reported receivable days from the annual accounts.
Dec 2005 Dec 2006 Dec 2007
71.00 days 56.00 days 67.00 days

How it is calculated. Reported inventory days, using material cost / cost of goods sold.
Dec 2005 Dec 2006 Dec 2007
66.00 days 78.00 days 70.00 days

How it is calculated. Reported payable days, using material cost / cost of goods sold.
Dec 2005 Dec 2006 Dec 2007
13.00 days -10.00 days 8.00 days

How it is calculated. Reported debtor days plus inventory days less payable days.
Dec 2005 Dec 2006 Dec 2007
-80.00 days -9.00 days 6.00 days

How it is calculated. Reported net working capital days from the annual accounts.
Dec 2005 Dec 2006 Dec 2007
101.00% 0.00% 44.00%

How it is calculated. Reported dividend payout as a percentage of annual profit.
Dec 2005 Dec 2006 Dec 2007
— — —

How it is calculated. Market capitalisation from the current stock record.

Dec 2005	Dec 2006	Dec 2007
8.00 days	12.00 days	10.00 days

Dec 2005	Dec 2006	Dec 2007
71.00 days	56.00 days	67.00 days

Dec 2005	Dec 2006	Dec 2007
66.00 days	78.00 days	70.00 days

Dec 2005	Dec 2006	Dec 2007
13.00 days	-10.00 days	8.00 days

Dec 2005	Dec 2006	Dec 2007
-80.00 days	-9.00 days	6.00 days

Dec 2005	Dec 2006	Dec 2007
101.00%	0.00%	44.00%

Dec 2005	Dec 2006	Dec 2007
—	—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: +37% (quarter to jun 2026 against jun 2025).

In ₹ crore. Oldest period first.

Line item	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	339	337	368	352	382	379	396	421
Expenses	277	282	302	293	309	303	333	342
Operating profit	61	55	66	59	72	76	63	79
Operating margin	18.0%	16.0%	18.0%	17.0%	19.0%	20.0%	16.0%	19.0%
Other income	1	3	2	1	33	-13	2	2
Interest	0	0	1	1	0	1	0	0
Depreciation	4	4	4	4	4	4	4	5
Profit before tax	59	55	63	55	101	58	60	76
Tax rate	27.0%	26.0%	24.0%	26.0%	22.0%	26.0%	27.0%	26.0%
Net profit	43	40	47	41	79	43	44	56
EPS (₹ per share)	28.04	26.23	30.81	26.60	51.45	27.93	28.29	36.47

Source: Inve data · income statement, quarterly · to Jun 2026

In ₹ crore. Oldest period first.

Line item	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	1,089	1,243	1,374	1,509
Expenses	905	1,016	1,129	1,238
Operating profit	186	228	244	270
Other income	9	7	7	23
Interest	0	0	1	2
Depreciation	12	14	15	16
Profit before tax	182	220	237	274
Net profit	136	162	174	207

Source: Inve data · income statement, annual · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sept 2025	Mar 2026
Equity capital	15	15	15	15	15	15
Reserves	229	245	291	346	401	414
Borrowings	3	4	5	4	4	3
Other liabilities	189	210	240	284	216	266
Total liabilities	436	474	551	649	637	699
Fixed assets	90	95	125	136	140	148
Capital work in progress	3	20	4	9	5	6
Investments	31	0	0	24	19	44
Other assets	312	359	421	480	473	502
Total assets	436	474	551	649	637	699

Source: Inve data · balance sheet · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operations	72	85	129	141	199	181
Cash from investing	66	20	5	-55	-15	-46
Cash from financing	-139	-102	-122	-81	-157	-143
Net cash flow	0	3	12	5	27	-8
Free cash flow	62	74	98	115	171	150

Source: Inve data · cash flow · to Mar 2026

In days and %. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	53	55	51	55	60	61
Inventory days	61	68	67	55	59	58
Days payable	80	93	82	65	87	86
Cash conversion cycle	34	30	36	45	32	34
Working capital days	46	30	30	25	26	40
Return on capital employed	27.0%	44.0%	71.0%	77.0%	70.0%	65.0%
Dividend payout	114.0%	110.0%	88.0%	81.0%	79.0%	56.0%

Source: Inve data · annual ratios · to Mar 2026

Ownership

Who owns it

Promoters hold 73.72% as of Sept 2026; institutions cut 0.21 pts since Jun 2026.

Promoters 0.00 pts 73.72%
Foreign institutions −0.10 pts 1.52%
Domestic institutions −0.11 pts 12.76%
Government 0.00 pts 0.00%
Public +0.21 pts 11.99%

20,679 shareholders on the register.

Source: Exchange shareholding filings · to Sept 2026 · 8 filings held

Who was buying across the market this quarter

Who bought this quarter

since Jun 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

Mutual fund +0.06 pp 5.55% held

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Sep 2026 filing

Every holder of Esab India above SEBI's 1% disclosure line, and what changed since Jun 2026.

Holder	Stake	Change
	37.31%	unchanged
	36.41%	unchanged
Mutual fund	6.13%	−0.25 pp
Mutual fund	5.55%	+0.06 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in ESABINDIA

Filings to Sep 2026

0 new, 0 added, 2 trimmed, 0 sold out — net −0.08 L shares (−0.4%).

Held by funds: ₹994 Cr; 6 schemes
Biggest holder: SBI Smallcap Fund; ₹498 Cr · 1.2% of that fund

Scheme	Holding	Last month	Held since
SBI Smallcap Fund SBI Mutual Fund	₹498 Cr	held	Aug '21
Nippon India Small Cap Fund Nippon India Mutual Fund	₹472 Cr	held	Apr '23
SBI Retirement Benefit Fund - Aggressive Plan SBI Mutual Fund	₹17 Cr	−0.06 L	Aug '21
SBI Retirement Benefit Fund - Aggressive Hybrid Plan SBI Mutual Fund	₹7 Cr	−0.02 L	Aug '21
SBI Retirement Benefit Fund - Conservative Hybrid Plan SBI Mutual Fund	₹0 Cr	held	Aug '21
SBI Retirement Benefit Fund - Conservative Plan SBI Mutual Fund	₹0 Cr	held	Aug '21

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Sep 2026

0 added, 2 trimmed — net −7,712 shares (−0.4%)

Funds are sitting on: +54%; vs est. average cost
Held by funds: ₹994 Cr; 6 schemes · ≈ 12% of the company
Biggest holder: SBI Smallcap Fund; ₹498 Cr · 1.2% of that fund

Shares held by these funds −2%

Oct '23 17.97 L shares Sep '26

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Performance +4.9% 1Y

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Mutual funds in ESABINDIA

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