Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 303 | 301 | 341 | 330 | 339 | 337 | 368 | 352 | 382 | 379 | 396 | 421 |
| Expenses | 249 | 248 | 279 | 268 | 277 | 282 | 302 | 293 | 309 | 303 | 333 | 342 |
| Operating Profit | 54 | 54 | 62 | 62 | 61 | 55 | 66 | 59 | 72 | 76 | 63 | 79 |
| OPM % | 18% | 18% | 18% | 19% | 18% | 16% | 18% | 17% | 19% | 20% | 16% | 19% |
| Other Income | 2 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 33 | -13 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 0 |
| Depreciation | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 |
| Profit before tax | 52 | 51 | 60 | 60 | 59 | 55 | 63 | 55 | 101 | 58 | 60 | 76 |
| Tax % | 26% | 26% | 26% | 26% | 27% | 26% | 24% | 26% | 22% | 26% | 27% | 26% |
| Net Profit | 38 | 38 | 44 | 44 | 43 | 40 | 47 | 41 | 79 | 43 | 44 | 56 |
| EPS in Rs | 24.95 | 24.65 | 28.75 | 28.88 | 28.04 | 26.23 | 30.81 | 26.60 | 51.45 | 27.93 | 28.29 | 36.47 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 451 | 466 | 543 | 672 | 698 | 681 | 896 | 1,091 | 1,243 | 1,373 | 1,508 | 1,577 |
| Expenses | 406 | 422 | 491 | 593 | 601 | 598 | 775 | 904 | 1,014 | 1,129 | 1,238 | 1,287 |
| Operating Profit | 45 | 44 | 52 | 79 | 97 | 83 | 121 | 187 | 229 | 245 | 270 | 290 |
| OPM % | 10% | 9% | 10% | 12% | 14% | 12% | 13% | 17% | 18% | 18% | 18% | 18% |
| Other Income | 6 | 4 | 11 | 16 | 14 | 11 | 5 | 8 | 6 | 8 | 23 | 24 |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 0 | 2 | 2 | 3 | 2 |
| Depreciation | 10 | 10 | 10 | 11 | 13 | 12 | 11 | 12 | 14 | 15 | 17 | 17 |
| Profit before tax | 41 | 38 | 53 | 84 | 97 | 81 | 114 | 182 | 220 | 236 | 274 | 295 |
| Tax % | 31% | 29% | 29% | 32% | 27% | 26% | 26% | 26% | 26% | 26% | 25% | |
| Net Profit | 28 | 27 | 37 | 58 | 71 | 59 | 84 | 136 | 163 | 175 | 207 | 222 |
| EPS in Rs | 18.41 | 17.45 | 24.13 | 37.41 | 46.39 | 38.52 | 54.77 | 88.14 | 105.88 | 113.96 | 134.28 | 144.14 |
| Dividend Payout % | 5% | 6% | 4% | 241% | 151% | 114% | 110% | 88% | 81% | 79% | 56% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 13% | 17% | 11% | 13% | ||
| Compounded Profit Growth | 21% | 27% | 13% | 20% | ||
| Stock Price CAGR | 24% | 20% | 3% | 12% | ||
| Return on Equity | 32% | 49% | 52% | 49% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 274 | 300 | 327 | 363 | 251 | 322 | 244 | 229 | 245 | 291 | 346 | 414 |
| Borrowings | 0 | 0 | 1 | 0 | 0 | 5 | 3 | 3 | 4 | 5 | 4 | 3 |
| Other Liabilities | 80 | 70 | 85 | 102 | 112 | 116 | 126 | 189 | 210 | 240 | 284 | 266 |
| Total Liabilities | 369 | 386 | 428 | 480 | 379 | 458 | 388 | 436 | 474 | 551 | 649 | 699 |
| Fixed Assets | 83 | 78 | 76 | 80 | 83 | 86 | 90 | 90 | 95 | 125 | 136 | 148 |
| CWIP | 1 | 5 | 7 | 8 | 3 | 7 | 3 | 3 | 20 | 4 | 9 | 6 |
| Investments | 122 | 120 | 147 | 125 | 30 | 70 | 41 | 31 | 0 | 0 | 24 | 44 |
| Other Assets | 163 | 183 | 198 | 269 | 262 | 295 | 255 | 312 | 359 | 421 | 480 | 502 |
| Total Assets | 369 | 386 | 428 | 480 | 379 | 458 | 388 | 436 | 474 | 551 | 649 | 699 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 16 | 18 | 36 | 30 | 67 | 57 | 72 | 85 | 129 | 141 | 199 | 181 |
| Cash from Investing Activity | -12 | -9 | -23 | 9 | 102 | -120 | 66 | 20 | 5 | -55 | -15 | -46 |
| Cash from Financing Activity | -2 | -2 | -2 | -41 | -163 | 39 | -139 | -102 | -122 | -81 | -157 | -143 |
| Net Cash Flow | 3 | 7 | 12 | -2 | 6 | -24 | -0 | 3 | 12 | 5 | 27 | -8 |
| Free Cash Flow | 11 | 8 | 22 | 13 | 56 | 37 | 62 | 74 | 98 | 115 | 171 | 150 |
| CFO/OP | 63% | 68% | 110% | 89% | 115% | 84% | 114% | 94% | 92% | 87% | 106% | 95% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 29 | 37 | 37 | 40 | 35 | 44 | 53 | 55 | 51 | 55 | 60 | 61 |
| Inventory Days | 55 | 76 | 77 | 76 | 58 | 66 | 61 | 68 | 67 | 55 | 59 | 58 |
| Days Payable | 56 | 56 | 71 | 78 | 71 | 74 | 80 | 93 | 82 | 65 | 87 | 86 |
| Cash Conversion Cycle | 28 | 57 | 43 | 38 | 21 | 36 | 34 | 30 | 36 | 45 | 32 | 34 |
| Working Capital Days | 22 | 39 | 34 | 67 | 48 | 40 | 46 | 30 | 30 | 25 | 26 | 40 |
| ROCE % | 15% | 14% | 13% | 15% | 26% | 32% | 27% | 44% | 71% | 77% | 70% | 65% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% | 73.72% |
| FIIs | 1.08% | 1.14% | 1.26% | 1.54% | 1.66% | 1.84% | 1.79% | 1.56% | 1.53% | 1.51% | 1.56% | 1.62% |
| DIIs | 13.00% | 12.98% | 13.02% | 13.03% | 13.03% | 13.10% | 12.87% | 12.82% | 12.77% | 12.93% | 12.88% | 12.87% |
| Public | 12.19% | 12.15% | 11.99% | 11.69% | 11.59% | 11.33% | 11.60% | 11.89% | 11.98% | 11.84% | 11.84% | 11.78% |
| No. of Shareholders | 18,375 | 19,685 | 18,395 | 18,288 | 19,674 | 19,749 | 20,625 | 21,625 | 21,499 | 20,215 | 19,837 | 20,083 |
Fundamentals
Market Cap₹ 8,482 Cr.
Current Price₹ 5,510
Stock P/E41.0
Book Value₹ 279
ROCE64.7 %
ROE48.8 %
Dividend Yield1.36 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)20%
Standalone figures.
Valuation
Market capRs 8,467 Cr
Enterprise valueRs 8,396 Cr
P/E (TTM)38.16x
Price to book19.72x
Price to sales5.37x
EV / EBITDA26.73x
EV / EBIT28.30x
EV / sales5.32x
Price to cash flow46.86x
Earnings yield2.62%
Dividend yield1.36%
P/E, 3-year average42.08x
P/B, 3-year average21.16x
P/E, 5-year average44.30x
P/B, 5-year average20.68x
Profitability
Operating margin (excl. other income)17.93%
Operating margin (incl. other income)19.47%
EBITDA margin19.91%
Pre-tax margin18.70%
Net profit margin14.07%
Net margin, latest quarter13.33%
ROE52.28%
ROCE69.33%
ROA30.66%
ROE, 3-year average54.14%
ROCE, 3-year average72.32%
ROA, 3-year average30.57%
ROE, 5-year average49.94%
ROCE, 5-year average66.66%
ROA, 5-year average28.39%
ROIC (approx.)62.51%
Tax rate24.57%
Other income / net worth5.42%
Growth
Sales growth (latest year)9.81%
Profit growth (latest year)17.83%
Sales CAGR, 3 years11.40%
Sales CAGR, 5 years17.23%
Profit CAGR, 3 years15.06%
Profit CAGR, 5 years28.37%
Sales growth QoQ6.41%
Profit growth QoQ28.91%
Sales growth YoY (latest quarter)19.63%
Profit growth YoY (latest quarter)37.13%
Per share
EPS (TTM)Rs 144.15
EPS (latest year)Rs 134.28
EPS (latest quarter)Rs 36.47
EPS, 3-year averageRs 118.04
EPS, 5-year averageRs 99.41
Book value per shareRs 278.94
Sales per shareRs 1,024.65
Cash flow per shareRs 117.38
Free cash flow per shareRs 97.45
Dividend per share (latest year)Rs 74.98
Dividend per share, 3-year averageRs 83.65
Dividend per share, 5-year averageRs 77.78
Dividends
Dividend payout55.84%
Dividend payout, 3-year average72.00%
Dividend payout, 5-year average82.80%
Efficiency
Asset turnover2.16x
Fixed asset turnover10.20x
Inventory turnover6.71x
Inventory days54 days
Debtor days61 days
Debtors turnover5.94x
Creditor days86 days
Cash conversion cycle34 days
Working capital days40 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 75 Cr
Net debtRs -71 Cr
Debt to equity0.01x
Net debt / EBITDA-0.23x
Interest coverage173.47x
Current ratio (filing 2026-03-31)2.14x
Quick ratio (filing 2026-03-31)1.57x
Trade payables (filing 2026-03-31)Rs 207 Cr
Owners' fund to total sources61.44%
Debt to assets0.48%
Cash flow
Cash from Operating Activity (latest year)Rs 181 Cr
Cash from Investing Activity (latest year)Rs -46 Cr
Cash from Financing Activity (latest year)Rs -143 Cr
Net Cash Flow (latest year)Rs -8 Cr
Free cash flow (latest year)Rs 150 Cr
FCFE (approx.: FCF + change in debt)Rs 149 Cr
Cash from ops / profit, 5 years0.96x
Sales to cash flow8.35x
Statement figures
Net sales (TTM)Rs 1,577 Cr
Net sales (latest year)Rs 1,508 Cr
Sales (latest quarter)Rs 421 Cr
Operating profit excl. other income (latest year)Rs 270 Cr
Operating profit (latest quarter)Rs 79 Cr
Other income (TTM)Rs 24 Cr
EBITDA (TTM)Rs 314 Cr
PBDT (TTM)Rs 312 Cr
Profit before tax (TTM)Rs 295 Cr
Tax (latest year)Rs 67 Cr
Net profit (TTM)Rs 222 Cr
Net profit (latest year)Rs 207 Cr
Net profit (latest quarter)Rs 56 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 944 Cr
Total expenditure (latest year)Rs 1,238 Cr
Total income (latest year)Rs 1,531 Cr
Share capitalRs 15 Cr
ReservesRs 414 Cr
Shareholders' fundsRs 429 Cr
Total assetsRs 699 Cr
Net blockRs 148 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 44 Cr
ReceivablesRs 254 Cr
InventoryRs 141 Cr
Other liabilitiesRs 266 Cr
Shares outstanding (crore)1.54
Ownership
Promoter holding73.72% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 38.2 is at the 26th percentile of its own 9.4-year range
(median 44.2, low 26.4, high 87.1).
P/B 19.72 is at the 51th percentile (median 18.89).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ESABINDIA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.5% | -2.8% | +2.3 pts |
| 1 month | -10.4% | -6.8% | -3.6 pts |
| 3 months | -5.7% | -7.6% | +1.9 pts |
| 6 months | +11.0% | +0.4% | +10.6 pts |
| 1 year | +10.0% | -9.9% | +20.0 pts |
| 2 years | -9.7% | -13.6% | +3.9 pts |
| 3 years | +8.7% | +14.2% | -5.5 pts |
| 5 years | +151.9% | +27.9% | +124.0 pts |
15 mutual fund schemes hold about ₹1,175 Cr.
Over three months 11 bought more and 4 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| SBI Small Cap Fund | 1.29% | 551 | +7% |
| Nippon India Small Cap Fund | 0.63% | 522 | +9% |
| Sundaram Small Cap Fund | 0.77% | 32 | +6% |
| SBI Retirement Benefit Fund-Aggressive Plan | 0.69% | 22 | -30% |
| Aditya Birla SL MNC Fund | 0.57% | 19 | +12% |
| Sundaram Infra Advantage Fund | 1.57% | 15 | +17% |
| SBI Retirement Benefit Fund-Aggressive Hybrid Plan | 0.52% | 9 | -33% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr III- | 2.40% | 2 | +13% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr VI- | 2.51% | 1 | +14% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr IV | 2.38% | 1 | +14% |
| Sundaram LT Micro Cap Tax Adv Fund-Sr V- | 2.34% | 1 | +12% |
| SBI Retirement Benefit Fund-Conservative Hybrid Plan | 0.13% | 0 | -50% |
| WOC ESG Best-In-Class Strategy Fund | 0.64% | 0 | +20% |
| SBI Retirement Benefit Fund-Conservative Plan | 0.05% | 0 | -59% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +16% |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹421 Cr +19.6% vs Jun 2025.
Net profit ₹56 Cr +36.6%.
Activity
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|---|---|---|---|
| HBL Engineering Ltd | 22,406 | 28.0 | 59.3 % |
| Inox India Ltd | 18,792 | 73.1 | 33.5 % |
| KRN Heat Exchanger and Refrigeration Ltd | 9,446 | 97.4 | 16.1 % |
| Subros Ltd | 4,580 | 26.6 | 19.2 % |
| Harsha Engineers International Ltd | 4,234 | 27.4 | 13.0 % |
| Ador Welding Ltd | 2,812 | 23.5 | 22.7 % |
| Diffusion Engineers Ltd | 1,678 | 30.4 | 15.8 % |
| Sahasra Electronic Solutions Ltd | 1,082 | 76.2 | 6.04 % |
| MIC Electronics Ltd | 1,068 | 8.67 % | |
| Tankup Engineers Ltd | 910 | 190 | 19.0 % |
| Vilas Transcore Ltd | 895 | 23.2 | 15.9 % |
| Oriental Rail Infrastructure Ltd | 826 | 17.5 | 12.0 % |
| Technocrats Plasma Systems Ltd | 708 | 47.4 | 67.0 % |
| Hy-Tech Engineers Ltd | 660 | 28.8 | 23.9 % |
| Mallcom (India) Ltd | 589 | 22.0 | 11.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-23 | Dividend - Rs 25 Per Share | |
| 2026-02-13 | Interim Dividend - Rs 25 Per Share | |
| 2025-11-14 | Interim Dividend - Rs 25 Per Share | |
| 2025-08-07 | Dividend - Rs 42 Per Share | |
| 2025-02-20 | Interim Dividend - Rs 23 Per Share | |
| 2024-11-19 | Interim Dividend - Rs 25 Per Share | |
| 2024-08-01 | Annual General Meeting/Dividend - Rs 30 Per Share | |
| 2024-04-05 | Interim Dividend - Rs 24 Per Share | |
| 2023-11-24 | Interim Dividend - Rs 32 Per Share | |
| 2023-08-03 | Annual General Meeting/Dividend - Rs 20 Per Share | |
| 2023-02-20 | Interim Dividend - Rs 28 Per Share | |
| 2022-11-18 | Interim Dividend - Rs 30 Per Share | |
| 2022-08-03 | Annual General Meeting/Dividend - Rs 20 Per Share | |
| 2022-02-17 | Interim Dividend - Rs 18 Per Share | |
| 2021-11-17 | Interim Dividend - Rs 22 Per Share | |
| 2021-08-04 | Annual General Meeting/Dividend - Rs 25 Per Share | |
| 2021-02-17 | Interim Dividend - Rs 19 Per Share | |
| 2020-08-18 | Annual General Meeting | |
| 2020-06-11 | Interim Dividend - Rs 70 Per Share | |
| 2019-08-05 | Annual General Meeting | |
| 2018-12-03 | Interim Dividend - Rs 90 Per Share | |
| 2018-08-01 | Annual General Meeting/Dividend- Re 1 Per Share | |
| 2017-07-26 | Annual General Meeting/Dividend - Re 1/- Per Share (Date Revised) | |
| 2016-07-25 | Annual General Meeting/ Dividend -Re 1/- Per Share | |
| 2015-08-03 | Annual General Meeting/ Dividend - Rs 1/- Per Share | |
| 2014-04-17 | Dividend Re 1 Per Share | |
| 2013-04-18 | Annual General Meeting / Dividend Rs 7.50 Per Share | |
| 2012-04-24 | Annual General Meeting | |
| 2011-07-28 | Interim Dividend Rs.15/- Per Share (Purpose Revised) | |
| 2011-04-20 | Annual General Meeting | |
| 2011-01-06 | 2nd Interim Dividend Rs.10/- Per Share (Purpose Revised) | |
| 2010-05-26 | Interim Dividend-Rs.10/- Per Share | |
| 2010-04-12 | Annual General Meeting | |
| 2009-12-14 | Int Div-Rs.20/- Per Sharepurpose Revised | |
| 2009-04-09 | Agm/Dividend - 25% | |
| 2008-07-31 | Interim Dividend - 130% Purpose Revised | |
| 2008-04-16 | Annual General Meeting | |
| 2007-12-19 | Interim Dividend - 100% | |
| 2007-04-19 | Agm | |
| 2007-03-15 | Interim Dividend-55% Purpose Revised | |
| 2006-04-13 | Agm/Special Dividend-260% |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Esab India Ltd?
Esab India Ltd (ESABINDIA) has a market capitalisation of Rs 8,482 Cr. at the 2026-10-01 close.
What is the P/E ratio of Esab India Ltd?
Esab India Ltd trades at a P/E of 41.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Esab India Ltd's latest quarterly results?
In the Jun 2026 quarter, Esab India Ltd sales was Rs 421 Cr (+19.6% vs Jun 2025) and net profit was Rs 56 Cr.
What is the 52-week high and low of Esab India Ltd?
The 52-week high is Rs 7,319.50 and the 52-week low is Rs 4,710.00.