Esab India Ltd

Esab India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Esab India Ltd

₹ 6,088 -2.51%
21 Nov 4:00 p.m.
esabindia.com BSE: 500133 NSE: ESABINDIA
About

ESAB India Ltd is a leading supplier of welding and cutting products in India. It is a subsidiary of ESAB Group which was ultimately owned by the Colfax Corporation of USA.[1]

Key Points

Product Offerings
The company's products include welding consumables, arc welding equipment, plasma, cutting automation, gas equipment, welding automation & robotics, digital solutions, and PPE & accessories. [1]

Website BSE NSE
  • Market Cap ₹ 9,345 Cr.
  • Current Price ₹ 6,088
  • High / Low ₹ 6,999 / 4,619
  • Stock P/E 55.0
  • Book Value ₹ 226
  • Dividend Yield 1.82 %
  • ROCE 75.9 %
  • ROE 56.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 23.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 48.2%
  • Company has been maintaining a healthy dividend payout of 93.1%

Cons

  • Stock is trading at 27.0 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Electrodes - Welding Equipment

Part of BSE 250 SmallCap Index BSE Allcap BSE Industrials BSE SmallCap BSE 400 MidSmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
221 227 265 243 277 267 302 298 303 301 341 330 339
189 199 234 208 233 219 245 240 249 248 279 268 277
Operating Profit 32 27 30 36 45 48 57 58 54 54 62 62 61
OPM % 15% 12% 11% 15% 16% 18% 19% 19% 18% 18% 18% 19% 18%
3 1 1 2 1 3 3 3 2 1 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 3 3 3 3 3 3 3 4 4 3 4
Profit before tax 32 26 29 34 43 49 56 57 52 51 60 60 59
Tax % 26% 26% 26% 25% 26% 25% 26% 25% 26% 26% 26% 26% 27%
24 19 21 26 32 36 42 42 38 38 44 44 43
EPS in Rs 15.37 12.32 13.86 16.63 20.73 23.59 27.19 27.53 24.95 24.65 28.75 28.88 28.04
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
504 434 552 451 466 543 672 698 681 896 1,091 1,243 1,311
442 383 507 406 422 491 593 601 598 775 904 1,016 1,071
Operating Profit 62 51 45 45 44 52 79 97 83 121 187 228 239
OPM % 12% 12% 8% 10% 9% 10% 12% 14% 12% 13% 17% 18% 18%
5 8 -0 6 4 11 16 14 11 5 8 6 5
Interest 1 1 0 0 0 0 0 1 2 1 0 0 0
Depreciation 12 11 14 10 10 10 11 13 12 11 12 14 14
Profit before tax 54 47 31 41 38 53 84 97 81 114 182 220 230
Tax % 30% 30% 23% 31% 29% 29% 32% 27% 26% 26% 26% 26%
38 33 24 28 27 37 58 71 59 84 136 163 170
EPS in Rs 24.54 21.52 15.36 18.41 17.45 24.13 37.41 46.39 38.52 54.77 88.14 105.88 110.32
Dividend Payout % 31% 5% 7% 5% 6% 4% 241% 151% 114% 110% 88% 81%
Compounded Sales Growth
10 Years: 11%
5 Years: 13%
3 Years: 22%
TTM: 12%
Compounded Profit Growth
10 Years: 17%
5 Years: 23%
3 Years: 40%
TTM: 7%
Stock Price CAGR
10 Years: 25%
5 Years: 38%
3 Years: 31%
1 Year: -2%
Return on Equity
10 Years: 23%
5 Years: 37%
3 Years: 48%
Last Year: 57%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 15 15 15 15 15 15 15 15 15 15 15 15 15
Reserves 221 252 274 300 327 363 251 322 244 229 245 291 332
-0 -0 -0 -0 1 -0 -0 5 3 3 4 5 4
95 83 80 70 85 102 112 116 126 189 210 240 221
Total Liabilities 331 350 369 386 428 480 379 458 388 436 474 551 573
99 96 83 78 76 80 83 86 90 90 95 125 131
CWIP 1 3 1 5 7 8 3 7 3 3 20 4 3
Investments 78 105 122 120 147 125 30 70 41 31 0 0 22
154 147 163 183 198 269 262 295 255 312 359 421 416
Total Assets 331 350 369 386 428 480 379 458 388 436 474 551 573

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
46 35 16 18 36 30 67 57 72 85 129 141
-46 -27 -12 -9 -23 9 102 -120 66 20 5 -55
-0 -14 -2 -2 -2 -41 -163 39 -139 -102 -122 -81
Net Cash Flow -0 -6 3 7 12 -2 6 -24 -0 3 12 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17 23 29 37 37 40 35 44 53 55 51 55
Inventory Days 76 82 55 76 77 76 58 66 61 68 67 55
Days Payable 50 70 56 56 71 78 71 74 80 93 82 65
Cash Conversion Cycle 43 35 28 57 43 38 21 36 34 30 36 45
Working Capital Days 10 18 22 39 34 67 48 40 47 31 31 26
ROCE % 25% 19% 15% 14% 13% 15% 26% 32% 27% 44% 71% 76%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72%
0.15% 0.21% 0.64% 0.63% 0.73% 0.82% 0.95% 1.08% 1.14% 1.26% 1.54% 1.66%
13.69% 13.68% 13.51% 13.48% 13.26% 13.22% 13.01% 13.00% 12.98% 13.02% 13.03% 13.03%
0.42% 0.42% 0.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
12.01% 11.97% 11.70% 12.15% 12.27% 12.22% 12.32% 12.19% 12.15% 11.99% 11.69% 11.59%
No. of Shareholders 13,77814,84417,19917,95817,22718,04118,42218,37519,68518,39518,28819,674

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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