Esab India Ltd

NSE
ESABINDIA •
BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
41.75% Gain from 52W Low
21.1
TTM PE Ratio
High in industry
58.2
Price to Book Ratio
High in industry
31
Dividend yield 1yr %
Below industry Median
1.2
TTM PEG Ratio
PEG TTM is much higher than 1
2.9
RSI
RSI is mid-range
59.6
MFI
MFI Overbought
70.6

Esab India Ltd shareholding Pattern

Promoter
73.7%
Foreign Institutions
1.5%
Mutual Funds
12.7%
Domestic Institutions
13.2%
Public
11.5%
Promoter
73.7%
Foreign Institutions
1.3%
Mutual Funds
12.6%
Domestic Institutions
13.2%
Public
11.8%
Promoter
73.7%
Foreign Institutions
1.1%
Mutual Funds
12.5%
Domestic Institutions
13.1%
Public
12%
Promoter
73.7%
Foreign Institutions
1.1%
Mutual Funds
12.5%
Domestic Institutions
13.2%
Public
12%
Promoter
73.7%
Foreign Institutions
1%
Mutual Funds
12.5%
Domestic Institutions
13.2%
Public
12.2%
Promoter
73.7%
Foreign Institutions
0.8%
Mutual Funds
13.2%
Domestic Institutions
13.4%
Public
12.1%

Esab India Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
6,126.20
10Day EMA
6,107.70
12Day EMA
6,099.10
20Day EMA
6,051.30
26Day EMA
6,007.80
50Day EMA
5,845.70
100Day EMA
5,662.20
200Day EMA
5,419.90
5Day SMA
6,116.00
10Day SMA
6,098.20
20Day SMA
6,113.80
30Day SMA
5,991.50
50Day SMA
5,811.20
100Day SMA
5,468.50
150Day SMA
5,541.50
200Day SMA
5,565.50
Delivery & Volume
Resistance & Support
6,142.57
Pivot
Resistance
First Resistance
6,200.63
Second Resistance
6,235.07
Third Resistance
6,293.13
Support
First Support
6,108.13
Second support
6,050.07
Third Support
6,015.63
Relative Strength Index
59.55
Money Flow Index
70.58
MACD
91.32
MACD Signal
107.14
Average True Range
187.37
Average Directional Index
31.11
Rate of Change (21)
8.24
Rate of Change (125)
7.36
Peer comparison
Compare
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Market Price
Market Cap
52W Low
52W High
Graphite India Ltd.
10843.35
404.95
709.4
HEG Ltd.
8161.02
1461.9
2743
RHI Magnesita India Ltd.
12584.2
504.25
824
Vesuvius India Ltd.
10598.93
2489
5743.35
Shivalik Bimetal Controls Ltd.
3858.91
460
750
IFGL Refractories Ltd.
2280.75
363.4
935

Esab India Ltd Company background

Founded in: 1987
Managing director: Rohit Gambhir
ESAB India Ltd is one of the leading suppliers of welding and cutting products in the country. The Company is engaged in the business of fabrication technology. The Company operate significantly into domestic and international markets.The company products became an integral part of industries like Shipbuilding, Petrochemical, Construction, Transport, Offshore, Energy and Repair and Maintenance. Their product range cover welding consumables, reclamation consumables, arc equipment, industrial gas equipment, cutting machines and working environment products for specialized welding, cutting and allied needs. They are having their manufacturing facilities located at Kolkata, Chennai and Nagpur. Colfax Corporation is a Delaware, USA based industrial group with existing global business interests in, medical devices, fabrication technology products and services. Colfax Corporation holds 73.72% of equity shares of the company through ESAB Holdings Limited, UK and Exelvia Group India BV, Netherlands which are its indirect whollyowned subsidiaries. ESAB India Ltd was incorporated on November 10, 1987. In July 1988, the company commenced their business operation with the acquisition of the welding division of Peico Electronics Electricals Ltd (now Philips India Ltd) located at Kalwa in Maharashtra. In the year 1991, the company acquired the entire welding division of Indian Oxygen Ltd (now known as BOC India Ltd) with three manufacturing units two at Kolkata and one at Chennai. In the year 1992, the company acquired the controlling interest in Flotech Welding Cutting Systems Ltd, which was engaged in the manufacture of Cutting Machines in Pune and in the year1994, Maharashtra Weldaids Ltd merged with the company that had a manufacturing unit at Nagpur.In the year 2003, Flotech Welding Cutting Systems Ltd changed their name to Esab Welding Cutting Systems Ltd in order to make appropriate use of Esabs brand name for the effective marketing of their products and in June 2004, Esab Welding Cutting Systems Ltd ceased operations pursuant to the transfer of their operations to the companys equipment factory at Taratala. In the year 2005, the company launched a project for commissioning a new manufacturing facility at Irungattukottai near Chennai for the manufacture of Welding and Cutting Equipment and project into commercial production during the year 2006. During the year 2007, Exelvia Group India BV acquired 18.25% of the companys shares from the public. With this acquisition, together with the existing holding of 7.31% of the companys shares by Esab Holdings Le, both being the significant shareholders and indirect subsidiaries of Charter Plc, the company became the subsidiary of Charter Plc. Also, the company acquired the remaining equity share capital of their subsidiary company, Esab Welding and Cutting Systems Ltd from Esab Cutting Systems, GmbH, Germany thereby making Esab Welding Cutting Systems Ltd a 100% subsidiary. In the year 2007, the company set up a new facility for manufacture of Flux Cored Wires and Stick Electrodes at their site in Irungattukottai. Also, they are undertaking significant expansion of capacities at their Nagpur and Khardah plants for Wires and Electrodes and the additional capacities are expected to be in place during the financial year 2008.In July 2008, ESAB Welding Cutting Systems Ltd, a wholly owned subsidiary company amalgamated with the company. Also, the company proposed to expand their capacity at Nagpur plant for the production of MIG/MAG wires at a total outlay of Rs 30 crore. This expansion will be carried out in phases spreading over 3 years.A Scheme of Amalgamation (the Scheme) of Transferor Company viz, ESAB Engineering Services Limited (EESL) with ESAB India Limited (the Company or Transferee Company) was sanctioned by the Honorable High Court of Judicature at Madras vide their order dated 9 December 2010 issued on 29 December 2010. Pursuant to this Scheme, the assets and liabilities of the Transferor Companies were transferred to and vested in the transferee company with effect from 1 April 2010 (Appointed Date). During the FY2011, the company spent towards capital expenditure for the amount of Rs.92 million, which represents about a 60% reduction as compared to previous year.During the FY2013,the companys Capital Expenditure was about Rs.1,176 Lakhs and projects with productivity enhancements and Quality improvements were prioritized to conserve resources.The outbreak of COVID19 pandemic and the resulting lockdown enforced from March 25, 2020 has affected the Companys regular operations. When the world stopped during the COVID19 pandemic, the industry kept moving forward. ESAB adjusted to the unprecedented times and continued to supply fabricators with innovative solutions while protecting the health and safety of employees.In FY 2021, ESAB made its Netflix debut in the reality competition series Metal Shop Masters as the sole provider of welding equipment.During 202122, Colfax Corporation had incorporated a wholly owned subsidiary in the name of ESAB Corporation, Delaware, USA and made ESAB Corp., Delaware as the holding company of ESAB Holdings Limited, UK and Exelvia Group India B.V., Netherlands. Further, Colfax Corporation had separated itself from ESAB Corporation, Delaware, USA by selling 90% of the equity shares held in ESAB Corporation, Delaware, USA to the general public shareholders of Colfax Corporation thereby reducing its equity stake in ESAB Corporation, Delaware, USA to 10% with effect from April 4, 2022.
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Esab India Ltd FAQs

Esab India Ltd shares are currently priced at 6166.2 on NSE and 6162.25 on BSE as of 7/12/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Esab India Ltd [ESABINDIA] share was 42.47. The Esab India Ltd [ESABINDIA] share hit a 1-year low of Rs. 4241.55 and a 1-year high of Rs. 6650.

The market cap of Esab India Ltd is Rs. 9489.78 Cr. as of 7/12/2024 12:00:00 AM.

The PE ratios of Esab India Ltd is 58.83 as of 7/12/2024 12:00:00 AM.

The PB ratios of Esab India Ltd is 30.98 as of 7/12/2024 12:00:00 AM

The Mutual Fund Shareholding was 12.71% at the end of 7/12/2024 12:00:00 AM.

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