Is Esab India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Esab India Ltd is a good quality company .

Is Esab India undervalued or overvalued?

The key valuation ratios of Esab India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Esab India share price return in the past 10 years?

Esab India Ltd share price has appreciated 25.3% annually (CAGR) over the past ten years.

Is Esab India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Esab India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Esab India Ltd - Stock Valuation and Financial Performance

Name: Esab India
Brand: Esab India

BSE: 500133 | NSE: ESABINDIA | Electrodes & Welding Equipment | Small Cap

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Esab india Share Price

₹6,079.95 -164.60 -2.64%
as on 21-Nov'24 16:59

10 Year X-Ray of Esab india:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	11.2%	13.7%	11.6%	14.7%	26.2%	32.5%	27.6%	45.4%	72.5%	77.9%	-
Value Creation Index ⓘ	-0.2	0.0	-0.2	0.1	0.9	1.3	1.0	2.2	4.4	4.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	441	451	466	532	672	698	689	908	1,104	1,259	1,311
Sales YoY Gr.	-	2.2%	3.4%	14%	26.3%	3.9%	-1.3%	31.7%	21.7%	14%	-
Adj EPS ⓘ	16.2	19.5	18.7	23.8	36.7	46.3	37.5	53.8	86.6	103.9	110.3
YoY Gr.	-	20.3%	-4%	27.5%	54.1%	26.2%	-19%	43.5%	60.9%	20%	-
BVPS (₹) ⓘ	150.3	205	222.6	245.8	173.2	219.5	168.4	158.7	169.1	198.9	225.8
Adj Net Profit ⓘ	24.9	30	28.8	36.7	56.5	71.3	57.7	82.9	133	160	170
Cash Flow from Ops. ⓘ	13.1	18.2	36.5	29.7	67.4	57.2	72.4	84.5	129	141	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	12.4%	13.4%	22.3%	14%
Adj EPS ⓘ	23%	23.1%	40.5%	20%
BVPSⓘ	3.2%	2.8%	5.7%	17.6%
Share Price	25.3%	37.7%	33.1%	-2.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	11.2	9.9	8.7	10.2	17.5	23.6	19.4	32.9	52.9	56.5	52
Op. Profit Mgn % ⓘ	9.3	10.4	9.5	9.8	11.8	14	12	13.3	17	18.1	18.3
Net Profit Mgn % ⓘ	5.6	6.6	6.2	6.9	8.4	10.2	8.4	9.1	12.1	12.7	13
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	73	101	107	119	109	103	106	95	93	91	55
Cash Conv. Cycle ⓘ	14	27	30	28	20	22	30	24	23	29	25

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 52.00%

Sales growth is growing at healthy rate in last 3 years 22.26%

Net Profit is growing at healthy rate in last 3 years 40.45%

Sales growth is good in last 4 quarters at 12.04%

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Latest Financials - Esab India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	110.3	34.9
TTM Sales (₹ Cr.)	1,311	343
BVPS (₹.) ⓘ	225.8	0
Reserves (₹ Cr.) ⓘ	332	89
P/BV ⓘ	27.66	0.00
PE ⓘ	56.61	179.21

From the Market
52 Week Low / High (₹)	4618.65 / 6991.15
All Time Low / High (₹)	28.00 / 6991.15
Market Cap (₹ Cr.)	9,612
Equity (₹ Cr.)	15.4
Face Value (₹)	10
Industry PE ⓘ	35.6

Management X-Ray of Esab india:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Esab india

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Esab india

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	552	451	466	532	672	698	689	908	1,104	1,259
Operating Expenses ⓘ	501	404	422	480	593	601	606	787	918	1,032
Manufacturing Costs	32	29	31	30	44	42	45	57	61	67
Material Costs	355	282	297	346	431	436	439	564	672	744
Employee Cost	56	47	51	59	70	76	77	95	97	109
Other Costs ⓘ	58	47	42	45	47	47	46	71	88	112
Operating Profit ⓘ	51	46	44	52	79	97	83	121	187	228
Operating Profit Margin (%)	9.2%	10.3%	9.5%	9.8%	11.8%	13.9%	12.0%	13.3%	16.9%	18.1%
Other Income ⓘ	11	8	13	13	17	14	11	5	8	6
Interest ⓘ	1	0	0	0	0	1	2	1	1	1
Depreciation ⓘ	14	10	10	10	11	13	12	11	12	14
Exceptional Items ⓘ	-18	-4	-9	-2	-1	0	0	0	0	0
Profit Before Tax ⓘ	31	41	38	53	84	97	81	114	182	220
Tax ⓘ	7	13	11	15	27	26	21	29	47	57
Profit After Tax	24	28	27	37	58	71	59	84	136	163
PAT Margin (%)	4.3%	6.3%	5.8%	7.0%	8.6%	10.2%	8.6%	9.3%	12.3%	12.9%
Adjusted EPS (₹)	15.4	18.4	17.5	24.1	37.4	46.4	38.5	54.8	88.2	105.9
Dividend Payout Ratio (%)	7%	5%	6%	4%	241%	151%	114%	110%	88%	81%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	289	316	343	378	267	338	259	244	260	306
Share Capital ⓘ	15	15	15	15	15	15	15	15	15	15
Reserves ⓘ	274	300	327	363	251	322	244	229	245	291
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	55	43	58	74	84	88	96	144	152	133
Others Liabilities ⓘ	24	25	26	26	26	31	31	46	61	110
Total Liabilities ⓘ	368	384	426	479	377	457	387	434	473	549
Fixed Assets
Gross Block	201	199	89	104	116	129	142	151	168	211
Accumulated Depreciation	118	121	13	23	32	43	52	62	73	85
Net Fixed Assetsⓘ	83	78	76	82	83	86	90	90	95	125
CWIP ⓘ	1	5	7	8	3	7	3	3	20	4
Investmentsⓘ	122	120	147	125	30	70	41	31	0	0
Inventories	54	58	63	73	68	78	73	105	123	111
Trade Receivables	44	45	47	59	64	85	99	135	152	189
Cash Equivalents	35	35	41	64	56	100	42	45	56	88
Others Assetsⓘ	29	42	45	69	73	31	39	26	26	31
Total Assets ⓘ	368	384	426	479	377	457	387	434	473	549

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	16	18	37	30	67	57	72	85	129	141
PBT ⓘ	31	41	38	53	84	97	81	114	182	220
Adjustment ⓘ	10	4	3	6	1	5	9	13	12	17
Changes in Working Capital ⓘ	-12	-14	8	-13	6	-20	5	-14	-22	-37
Tax Paid ⓘ	-12	-13	-12	-16	-24	-25	-22	-29	-43	-59
Cash Flow From Investing Activity ⓘ	-12	-9	-23	9	102	-120	66	20	5	-55
Capex	-6	-10	-14	-16	-11	-20	-10	-11	-31	-26
Net Investments	-17	-6	-17	18	107	-103	88	11	35	7
Others ⓘ	11	7	8	7	6	3	-12	20	1	-36
Cash Flow From Financing Activityⓘ	-2	-2	-2	-41	-163	39	-139	-102	-122	-81
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	-1	0	0	0	0
Dividend Paid ⓘ	-2	-2	-2	-2	-140	0	-137	-100	-120	-80
Others ⓘ	0	0	0	-39	-23	39	-1	-2	-2	-1
Net Cash Flow ⓘ	3	7	12	-2	6	-24	0	3	12	5

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.5	9.37	8.16	10.31	17.86	23.63	19.86	33.49	53.79	57.56
ROCE (%)	11.18	13.71	11.56	14.67	26.18	32.46	27.57	45.36	72.47	77.86
Asset Turnover Ratio	1.68	1.32	1.26	1.21	1.57	1.68	1.64	2.22	2.44	2.48
PAT to CFO Conversion(x)	0.67	0.64	1.37	0.81	1.16	0.8	1.22	1.01	0.95	0.87
Working Capital Days
Receivable Days	22	33	33	35	33	39	48	47	47	49
Inventory Days	35	41	43	45	38	38	40	36	38	34
Payable Days	55	64	62	70	67	72	77	78	80	70

Esab India Ltd Stock News

Esab India Ltd FAQs

What is the share price of Esab india?

Company share prices are keep on changing according to the market conditions. The closing price of Esab india on 21-Nov-2024 16:59 is ₹6,080.

What is the market cap of Esab india?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Esab india stood at ₹9,612.3.

What is the P/E ratio of Esab india?

The latest P/E ratio of Esab india as of 21-Nov-2024 16:59 is 56.61.

What is the P/B ratio of Esab india?

The latest P/B ratio of Esab india as of 21-Nov-2024 16:59 is 27.66.

What is the 52-week high and low of Esab india?

The 52-week high of Esab india is ₹6,991.2 and the 52-week low is ₹4,618.7.

What is the TTM revenue of Esab india?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Esab india is ₹1,311 ( Cr.) .

About Esab India Ltd

ESAB India Limited was established in 1987 as a part of ESAB Group owned by the Charter International Plc.Group UK, which is listed on the London Stock Exchange. The Company is engaged in the business of fabrication technology. The company caters to both domestic and international markets.

The company directly export welding consumables and welding and cutting equipment to Nepal, Bhutan, Bangladesh, Sri Lanka, Kenya and Uganda. The company also exports products to Middle East, Asia Pacific, Europe and the USA through their group companies in Sweden, Singapore and Dubai..The company also in the business segment of Equipment, Consumables.

Business area of the company

The company has a wide and comprehensive range of welding, cutting and allied products and services. The product range covers Welding Consumables, Reclamation Consumables, Arc Equipment, Industrial Gas Equipment, Cutting Machines and Working Environment Products for the specialised welding, cutting and allied needs. These are manufactured to stringent quality control measures in the state-of-the-art manufacturing units.

Products

Arc Welding Equipment
Cutting Automation
PPE & Accessories
Plasma
Welding Consumables
Gas Equipment
Welding Automation & Robotics
ESAB Digital Solutions (EDS)

History and milestones

1904: A leader is born. Elektriska Svetsnings-Aktiebolaget (ESAB) founded in Göteborg by engineer Oscar Kjellberg. In the beginning, operations focused very clearly on the shipyards' repair requirements.
1906: Innovation unfolds. The patent is granted for Kjellberg's unique invention - the world's first coated welding electrode.
1912: The Anglo-Swedish Electric Welding Co Ltd, London, is founded.
1914: The Belgian-Swedish Electric Welding Co Ltd (BSEW), Antwerp, is founded.
1919: La Soudure Autogene Française uses Kjellberg's method to build the ship “SAF no. 4”. It is 20 metres long, 4 metres wide and 2.3 metres deep.
1920: The all-welded workshop boat “ESAB IV”, 16 metres long and 4 metres wide, is launched.
1920: Lloyd's Register of Shipping approves Kjellberg's welding method.
1921: Kjellberg Elektroden & Maschinen GmbH, Berlin (later Kjellberg Elektroden & Maschinen GmbH, Finsterwalde) is set up.
1932: ESAB-Iberica S.A., Madrid, Spain, is founded.
1932: ESAB S.A., Brussels, Belgium, and PEAS in Prague in Czechoslovakia are established.
1933: Welding Supplies Ltd., England, and ESAB-Denmark are set up.
1935: ESAB-Elettrodi Rivestiti S.A., Milan, Italy is established.
1936: The first issue of ESAB's publication Svetsaren is published.
1937: Breakthrough development. The submerged arc welding method is invented, providing a versatile means of depositing large amounts of metal quickly, consistently, and safely.
1938: Kjellberg-Eberle GmbH, Germany, is founded.
1938: ESAB Norway is set up.
1940: ESAB Welding Corporation in the USA is established.
1942: The machine plant in Laxa is opened.
1943: ESAB-Finland is founded.
1944: Revolutionary technology. The new process of TIG welding (called Heliarc) is introduced, providing greater control over the weld for stronger, higher quality results.
1950: Quantum leap. Gas metal arc welding (GMAW) or MIG/MAG welding is developed. Its versatility and speed help make it the most commonly used industrial welding process.
1945: A new production plant for cutting machines is set up in Frankfurt.
1950: ESAB-France is set up.
1951: Electrode production begins in Perstorp, Sweden.
1953: ESAB-Brazil is established.
1955: Plasma cutting emerges. The Linde Division of Union Carbide invents the plasma arc for cutting metals. Linde later became L-Tec, which was eventually purchased by ESAB.
1956: ESAB-Austria is founded.
1958: ESAB Arc Rods Ltd. in Montreal is established.
1958: Máquinas ESAB Lta in Rio de Janerio is set up.
1962: A branch factory for cutting equipment is set up in Rodheim, Germany.
1971: Leading KEBE employees part from the company and found HANCOCK GmbH in Dörnigheim, Germany.
1972: ESAB Inc in the USA is founded.
1972: A new electrode plant is built in Perstorp.
1973: The black-and-yellow logotype is introduced.
1974: ESAB-Ekman Welding pte in Singapore, ESAB-Iran Co, ESAB-Roman, Portugal, and ESAB Manufacturing Inc, USA, are set up.
1975: The cutting division of ESAB moves to new production plant in Karben. ESAB Australia Pty ltd, Australia, is established.
1977: ESAB acquires Sarazin Soudure in France.
1977: New electrode plant in Milan opens.
1977: KEBE-Ersatzteile is founded to guarantee delivery of spare parts for outdated flame cutting machinery.
1981: ESAB takes over Varios Fabrieken B.V., The Netherlands.
1981: ESAB acquires HANCOCK GmbH, one of British Oxygen's gas-cutting companies.
1982: The merger of ESAB GmbH and HANCOCK GmbH, as ESAB-HANCOCK GmbH, Karben, takes place.
1984: ESAB Canada Inc. is founded.
1986: Filarc Welding Industries B.V., The Netherlands, is acquired.
1987: ESAB India is formally incorporated.
1987: Siderotermica s.p.a. in Italy is acquired.
1989: The production of electrodes in Göteborg is transferred to Perstorp.
1989: The new corporate symbol for The ESAB Group is introduced.
1991: Takeover of Indian Oxygen Limited's (IOL) welding operation.
1991: AB Ph Nederman & Co is acquired and the Working Environment Equipment business area is set up.
1992: Flo-tech Welding & Cutting Systems Limited
1992: The Friction Stir Welding process is invented by The Welding Institute (TWI) where ESAB participates as the only welding equipment manufacturer.
1993: ESAB Vamberk in the Czech Republic is set up following the acquisition of the leading producer of consumables.
1993: A welding consumables pioneer. Marathon Pac, a unique bulk pack for solid or flux-cored welding wire, is introduced.
1994: Takeover of Maharashtra Weldaids Limited
1994: ESAB is purchased by Charter plc of the U.K.
1994: Nederman leaves the ESAB Group but is still a member of the Charter group of companies
1996: First of its kind. ESAB's first friction-stir welding machine, SuperStir ™ , is supplied to Marine Aluminum of Norway.
1998: ESAB acquires a majority holding in the Polish company Ozas, which manufactures welding machines and spares.
1998: A majority holding in Fersab, the leading manufacturer of agglomerated flux in Poland, is acquired.
1998: ESAB acquires AlcoTec Wire Company in U.S.A., the world's largest producer of aluminium wire.
1998: ESAB receives a large order from Boeing and supplies FSW equipment for welding fuel tanks for space rockets.
1999: ZAO ESAB-SVEL is set up in St Petersburg, Russia.
1999: SIB S.p.a in Italy, is acquired. SIB is a production unit for non-alloyed MAG wires.
1999: The ESAB Group identity is replaced with the black-and-yellow ESAB brand identity.
1999: ESAB acquires the majority of the shares in Elektrody Baildon, Poland.
2001: ESAB sets up a subsidiary in Moscow, Russia.
2001: ESAB starts producing solid stainless steel wires in Vamberk in the Czech Republic.
2002: ESAB establishes its headquarters in London, UK.
2006: Greenfield plant at Irungattukottai, Sriperumpudur.
2007: Global R&D centre formed for Consumables and Equipments at Chennai, Ambattur & Irungattukottai. This is now known as ESD (Engineering Services Division).
2007: Charter plc increased its shareholding stake from 37% to 55% through Open Market offer.
2008: ESAB Welding & Cutting Systems (100% subsidiary) merged with ESAB India Limited.
2010: High-speed solution. High-speed submerged arc welding is developed, generating high quality welds at high productivity.
2012: Next generation technology. ICE, the next generation in submerged arc welding technology, is advanced based on ESAB's leading Twin subarc process.
2012: Colfax made an Open Offer in the market and increased the stake of the promoters from 55% to 73.72%.
2015: Expanded Ambattur and Nagpur plant by moving all production facilities from Khardah to Ambattur in Chennai and Kamleshwar in Nagpur.
2017: Expanded the Irungattukottai, Chennai plant by moving the equipment facilities from Taratala, Kolkata.
2017: ESAB acquires TBi Industries GmbH, Germany.
2018: ESAB acquires Sandvik(now renamed as Exaton) welding operations including production units in Scranton, Pennsylvania, and Sandviken, Sweden.
2018: ESAB acquires European gas equipment leader Gas Control Equipment (GCE).