Esab India Limited

Capital Goods · Industrial Products

NSE: ESABINDIA BSE: 500133

₹5530.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Products

The largest companies in the same industry by market cap. This company ranks #40 of 335. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Cummins India Limited	131,947	57.8	27.9%	23.7%	1.39%	84	0	27
Polycab India Limited	120,900	43.0	22.3%	9.2%	0.59%	83	27	61
Welspun Corp Limited	71,672	81.9	17.2%	217.6%	0.18%	71	0	53
APL Apollo Tubes Limited	60,810	105.9	22.7%	26.5%	—	68	0	51
Supreme Industries Limited	43,837	46.5	15.5%	-17.6%	—	76	0	49
KEI Industries Limited	42,590	42.7	13.8%	10.4%	0.10%	70	29	61
Astral Limited	36,816	56.6	13.2%	-0.4%	—	76	12	12
AIA Engineering Limited	36,106	27.9	15.8%	19.1%	0.41%	71	29	61
Esab India Limited (this stock)	8,512	38.4	48.1%	11.8%	1.36%	92	29	28

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹8,455 Cr

EV / EBITDA

26.9x

EV / Sales

5.36x

Market cap / Sales

5.40x

Earnings yield

2.61%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 423 Cr, up 19.8% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 56 Cr, up 37.1% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	421	76	56	₹36.4800
March 31, 2026	396	60	44	₹28.3000
Dec. 31, 2025	379	58	43	₹27.9400
Sept. 30, 2025	382	101	79	₹51.4600
June 30, 2025	352	55	41	₹26.6000
March 31, 2025	368	63	47	₹30.8200
Dec. 31, 2024	337	55	40	₹26.2400
Sept. 30, 2024	339	59	43	₹28.0400
June 30, 2024	330	60	44	₹28.8800
March 31, 2024	341	60	44	₹28.7500
Dec. 31, 2023	301	51	38	₹24.6600
Sept. 30, 2023	303	52	38	₹24.9600
June 30, 2023	298	57	42	₹27.5400

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	423	397	380	384	353	370	341	340	331	342	302	304	301
Operating revenue	421	396	379	382	352	368	337	339	330	341	301	303	298
Other income	2	2	1	2	1	2	3	1	1	1	1	1	3
Operating expenses	342	333	303	309	293	302	282	277	268	279	248	249	240
Operating profit	79	63	76	72	59	66	55	61	62	62	54	54	58
Operating profit margin	18.8%	15.9%	20.0%	18.9%	16.8%	17.9%	16.4%	18.2%	18.8%	18.3%	17.8%	17.9%	19.4%
Depreciation	5	4	4	4	4	4	4	4	3	4	4	3	3
Interest	0	0	1	0	1	1	0	0	0	0	0	0	0
Exceptional items, gain / (loss)	—	—	-14	31	—	—	—	—	—	—	—	—	—
Profit before tax	76	60	58	101	55	63	55	59	60	60	51	52	57
Tax	20	16	15	22	14	15	14	16	15	16	13	14	14
Net profit	56	44	43	79	41	47	40	43	44	44	38	38	42
EPS	36.48	28.30	27.94	51.46	26.60	30.82	26.24	28.04	28.88	28.75	24.66	24.96	27.54
Net profit (TTM)	222	207	211	208	172	175	172	170	165	163	161	159	152
EPS (TTM)	144.18	134.30	136.82	135.12	111.70	113.98	111.91	110.33	107.25	105.91	104.36	103.30	99.07

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	1,508	274	207
March 31, 2025	1,373	236	175
March 31, 2024	1,243	220	163
March 31, 2023	1,091	182	136

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	11.2%	16.9%	1,514^†	1,381^†	1,249^†	1,100^†	901^†	692^†	711^†	688^†	556^†	508^†
Operating revenue	11.4%	17.2%	1,508	1,373	1,243	1,091	893^†	681^†	698^†	672^†	544^†	495^†
Other income	—	—	6^†	8^†	6^†	10^†	8^†	11^†	14^†	17^†	12^†	13^†
Operating expenses	—	—	1,238^†	1,129^†	1,016^†	904^†	776^†	600^†	601^†	—	—	—
Operating profit	13.1%	27.1%	270^†	245^†	228^†	187^†	117^†	81^†	97^†	—	—	—
Operating profit margin	—	—	17.9%^†	17.8%^†	18.3%^†	17.1%^†	13.1%^†	12.0%^†	13.9%^†	—	—	—
Depreciation	—	—	17^†	15^†	14^†	12^†	11^†	12^†	13^†	11^†	10^†	10^†
Interest	—	—	2^†	2^†	0^†	0^†	0^†	0^†	0^†	—	—	—
Exceptional items, gain / (loss)	—	—	17^†	0^†	0^†	0^†	0^†	0^†	0^†	-1^†	-2^†	-9^†
Profit before tax	14.6%	27.7%	274	236	220	182	114^†	81^†	97^†	84^†	53^†	36^†
Tax	—	—	67^†	60^†	57^†	47^†	29^†	21^†	26^†	27^†	15^†	10^†
Net profit	15.1%	28.4%	207	175	163	136	84^†	59^†	71^†	58^†	37^†	26^†
EPS	15.1%	28.4%	134.30^†	113.98^†	105.91^†	88.16^†	54.77^†	38.52^†	46.40^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	17.9%^†	17.8%^†	18.3%^†	17.1%^†	13.1%^†	12.0%^†	13.9%^†	—	—	—
EBIT margin	18.3%^†	17.3%^†	17.7%^†	16.7%^†	12.8%^†	11.9%^†	14.0%^†	—	—	—
PBT margin	18.2%	17.2%	17.7%	16.7%	12.7%^†	11.8%^†	13.9%^†	12.5%^†	9.7%^†	7.3%^†
Net margin	13.7%	12.8%	13.1%	12.4%	9.4%^†	8.7%^†	10.2%^†	8.6%^†	6.8%^†	5.2%^†
Interest coverage	133.37x^†	141.31x^†	524.71x^†	589.03x^†	392.59x^†	197.41x^†	195.48x^†	—	—	—
Dividend payout	68.5%^†	89.5%^†	49.1%^†	88.5%^†	118.7%^†	231.0%^†	0.0%^†	—	—	—
Earnings retention	31.5%^†	10.5%^†	50.9%^†	11.5%^†	-18.7%^†	-131.0%^†	100.0%^†	—	—	—
Current ratio	2.14x	1.73x	—	—	—	—	—	—	—	—
Quick ratio	1.57x	1.26x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.00x	—	—	—	—	—	—	—	—
Return on equity	48.1%	48.6%	—	—	—	—	—	—	—	—
Return on assets	29.6%	27.1%	—	—	—	—	—	—	—	—
Return on capital employed	60.8%^†	63.7%^†	—	—	—	—	—	—	—	—
Asset turnover	2.16x	2.12x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	181	-46	-143	32	149
March 31, 2025	199	-15	-157	28	171
March 31, 2024	141	-55	-81	28	113
March 31, 2023	129	5	-122	34	96

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	699	429	414	0	0	525	245	57	143	141
March 31, 2025	647	361	346	0	0	475	274	65	129	131
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.