About the Company - Esab India Ltd
Esab India Ltd. is a Public Limited Listed company incorporated on 10/11/1987 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L29299TN1987PLC058738 and registration number is 058738. Currently Company is involved in the business activities of Metal and metal products. Company’s Total Operating Revenue is Rs. 892.80 Cr. and Equity Capital is Rs. 15.39 Cr. for the Year ended 31/03/2022.
Management |
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Name | Position Held |
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Mr. Kevin J Johnson | Chairman |
Mr. Rohit Gambhir | Managing Director |
Mr. Sudhir Chand | Independent Director |
Mr. Vikram Tandon | Independent Director |
Ms. Cauvery Dharmaraj | Independent Director |
Mr. K Vaidyanathan | Independent Director |
Esab India Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹5,950.00 |
Previous Day | ₹6,032.45 |
Basic Stock Data of Esab India Ltd
Market Cap | 9,134 Cr. |
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Current Price | 5,935 |
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High / Low | 6,586/3,221 |
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Stock P/E | 57.5 |
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Book Value | 202 |
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Dividend Yield | 1.33 % |
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ROCE | 70.7 % |
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ROE | 53.2 % |
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Face Value | 10.0 |
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Esab India Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 166 | 184 | 207 | 181 | 221 | 227 | 265 | 243 | 277 | 267 | 302 | 298 | 303 |
Expenses | 143 | 164 | 178 | 153 | 189 | 199 | 234 | 208 | 233 | 219 | 245 | 240 | 249 |
Operating Profit | 23 | 20 | 29 | 28 | 32 | 27 | 30 | 36 | 45 | 48 | 57 | 58 | 54 |
OPM % | 14% | 11% | 14% | 16% | 15% | 12% | 11% | 15% | 16% | 18% | 19% | 19% | 18% |
Other Income | 4 | 3 | 1 | 2 | 3 | 1 | 1 | 2 | 1 | 3 | 3 | 3 | 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 | 3 | 3 | 3 | 3 |
Profit before tax | 24 | 20 | 27 | 27 | 32 | 26 | 29 | 34 | 43 | 49 | 56 | 57 | 52 |
Tax % | 26% | 26% | 28% | 25% | 26% | 26% | 26% | 25% | 26% | 25% | 26% | 25% | 26% |
Net Profit | 18 | 15 | 20 | 20 | 24 | 19 | 21 | 26 | 32 | 36 | 42 | 42 | 38 |
EPS in Rs | 11.49 | 9.56 | 12.81 | 13.22 | 15.37 | 12.32 | 13.86 | 16.63 | 20.73 | 23.59 | 27.19 | 27.53 | 24.95 |
Esab India Ltd Quarterly Chart
Esab India Ltd Profit & Loss
Month | Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
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Sales | 541 | 504 | 434 | 552 | 451 | 466 | 543 | 672 | 698 | 681 | 896 | 1,091 | 1,170 |
Expenses | 461 | 442 | 383 | 507 | 406 | 422 | 491 | 593 | 601 | 598 | 775 | 904 | 953 |
Operating Profit | 80 | 62 | 51 | 45 | 45 | 44 | 52 | 79 | 97 | 83 | 121 | 187 | 217 |
OPM % | 15% | 12% | 12% | 8% | 10% | 9% | 10% | 12% | 14% | 12% | 13% | 17% | 19% |
Other Income | 3 | 5 | 8 | -0 | 6 | 4 | 11 | 16 | 14 | 11 | 5 | 8 | 10 |
Interest | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 0 | 0 |
Depreciation | 12 | 12 | 11 | 14 | 10 | 10 | 10 | 11 | 13 | 12 | 11 | 12 | 13 |
Profit before tax | 71 | 54 | 47 | 31 | 41 | 38 | 53 | 84 | 97 | 81 | 114 | 182 | 214 |
Tax % | 33% | 30% | 30% | 23% | 31% | 29% | 29% | 32% | 27% | 26% | 26% | 26% | |
Net Profit | 47 | 38 | 33 | 24 | 28 | 27 | 37 | 58 | 71 | 59 | 84 | 136 | 159 |
EPS in Rs | 30.82 | 24.54 | 21.52 | 15.36 | 18.41 | 17.45 | 24.13 | 37.41 | 46.39 | 38.52 | 54.77 | 88.14 | 103.26 |
Dividend Payout % | 49% | 31% | 5% | 7% | 5% | 6% | 4% | 241% | 151% | 114% | 110% | 88% | |
Esab India Ltd Profit & Loss Yearly Chart
Esab India Ltd Growth
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Compounded Sales Growth |
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10 Years:: | 8% |
5 Years:: | 15% |
3 Years:: | 16% |
TTM:: | 16% |
Esab India Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 14% |
5 Years:: | 28% |
3 Years:: | 24% |
TTM:: | 63% |
Esab India Ltd Growth
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Stock Price CAGR |
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10 Years:: | 29% |
5 Years:: | 42% |
3 Years:: | 61% |
1 Year:: | 58% |
Esab India Ltd Growth
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Return on Equity |
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10 Years:: | 19% |
5 Years:: | 28% |
3 Years:: | 34% |
Last Year:: | 53% |
Esab India Ltd Balance Sheet
Month | Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
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Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Reserves | 196 | 221 | 252 | 274 | 300 | 327 | 363 | 251 | 322 | 244 | 229 | 245 | 295 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 5 | 3 | 3 | 4 | 4 |
Other Liabilities | 80 | 95 | 83 | 80 | 70 | 85 | 102 | 112 | 116 | 126 | 189 | 210 | 205 |
Total Liabilities | 292 | 331 | 350 | 369 | 386 | 428 | 480 | 379 | 458 | 388 | 436 | 474 | 519 |
Fixed Assets | 104 | 99 | 96 | 83 | 78 | 76 | 80 | 83 | 86 | 90 | 90 | 95 | 117 |
CWIP | 2 | 1 | 3 | 1 | 5 | 7 | 8 | 3 | 7 | 3 | 3 | 20 | 5 |
Investments | 34 | 78 | 105 | 122 | 120 | 147 | 125 | 30 | 70 | 41 | 31 | 0 | 9 |
Other Assets | 151 | 154 | 147 | 163 | 183 | 198 | 269 | 262 | 295 | 255 | 312 | 359 | 387 |
Total Assets | 292 | 331 | 350 | 369 | 386 | 428 | 480 | 379 | 458 | 388 | 436 | 474 | 519 |
Esab India Ltd Reserves and Borrowings Chart
Esab India Ltd Cash Flow
Month | Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Cash from Operating Activity | 40 | 46 | 35 | 16 | 18 | 36 | 30 | 67 | 57 | 72 | 85 | 129 |
Cash from Investing Activity | -5 | -46 | -27 | -12 | -9 | -23 | 9 | 102 | -120 | 66 | 20 | 5 |
Cash from Financing Activity | -45 | -0 | -14 | -2 | -2 | -2 | -41 | -163 | 39 | -139 | -102 | -122 |
Net Cash Flow | -9 | -0 | -6 | 3 | 7 | 12 | -2 | 6 | -24 | -0 | 3 | 12 |
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Esab India Ltd Financial Efficiency Indicators
Month | Dec 2011 | Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Debtor Days | 14 | 17 | 23 | 29 | 37 | 37 | 40 | 35 | 44 | 53 | 55 | 51 |
Inventory Days | 69 | 76 | 82 | 55 | 76 | 77 | 76 | 58 | 66 | 61 | 68 | 67 |
Days Payable | 45 | 50 | 70 | 56 | 56 | 71 | 78 | 71 | 74 | 80 | 93 | 82 |
Cash Conversion Cycle | 37 | 43 | 35 | 28 | 57 | 43 | 38 | 21 | 36 | 34 | 30 | 35 |
Working Capital Days | 20 | 10 | 18 | 22 | 39 | 34 | 67 | 48 | 40 | 47 | 31 | 31 |
ROCE % | 36% | 25% | 19% | 15% | 14% | 13% | 15% | 26% | 32% | 27% | 44% | 71% |
Esab India Ltd Financial Efficiency Indicators Chart
No valid data available for the Shareholding
Esab India Ltd Shareholding Pattern Chart
No. of Esab India Ltd Shareholders
Esab India Ltd Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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SBI Small Cap Fund | 900000 | 2.47 | 521.37 |
Nippon India Small Cap Fund | 326882 | 0.51 | 189.36 |
SBI Magnum Global Fund | 250000 | 2.37 | 144.82 |
SBI Contra Fund | 150000 | 0.52 | 86.89 |
SBI Infrastructure Fund | 78374 | 3.47 | 45.4 |
SBI Retirement Benefit Fund - Aggressive Plan | 43850 | 1.44 | 25.4 |
SBI Retirement Benefit Fund - Aggressive Hybrid Plan | 42100 | 2.18 | 24.39 |
SBI Conservative Hybrid Fund | 41177 | 0.27 | 23.85 |
SBI Conservative Hybrid Fund - Div (Annual) | 41177 | 0.27 | 23.85 |
SBI Conservative Hybrid Fund - Div (Monthly) | 41177 | 0.27 | 23.85 |
Esab India Ltd ROCE Trend
Esab India Ltd Key Financial Ratios
Month | Mar 23 | Mar 22 | Mar 21 | Mar 20 | Mar 19 |
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FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Basic EPS (Rs.) | 88.16 | 54.78 | 38.52 | 46.40 | 37.41 |
Diluted EPS (Rs.) | 88.16 | 54.78 | 38.52 | 46.40 | 37.41 |
Cash EPS (Rs.) | 95.88 | 62.14 | 46.13 | 54.57 | 44.37 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 169.12 | 158.69 | 168.43 | 219.46 | 173.22 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 169.12 | 158.69 | 168.43 | 219.46 | 173.22 |
Dividend / Share (Rs.) | 78.00 | 60.00 | 44.00 | 70.00 | 90.00 |
Revenue From Operations / Share (Rs.) | 708.77 | 580.12 | 444.84 | 456.78 | 440.10 |
PBDIT / Share (Rs.) | 126.37 | 81.34 | 60.20 | 71.68 | 62.07 |
PBIT / Share (Rs.) | 118.65 | 73.98 | 52.59 | 63.51 | 55.11 |
PBT / Share (Rs.) | 118.45 | 73.79 | 52.33 | 63.18 | 54.67 |
Net Profit / Share (Rs.) | 88.16 | 54.78 | 38.52 | 46.40 | 37.42 |
PBDIT Margin (%) | 17.82 | 14.02 | 13.53 | 15.69 | 14.10 |
PBIT Margin (%) | 16.74 | 12.75 | 11.82 | 13.90 | 12.52 |
PBT Margin (%) | 16.71 | 12.71 | 11.76 | 13.83 | 12.42 |
Net Profit Margin (%) | 12.43 | 9.44 | 8.66 | 10.15 | 8.50 |
Return on Networth / Equity (%) | 52.13 | 34.52 | 22.87 | 21.14 | 21.60 |
Return on Capital Employeed (%) | 67.53 | 45.42 | 30.41 | 28.34 | 31.39 |
Return On Assets (%) | 28.62 | 19.33 | 15.27 | 15.54 | 15.20 |
Asset Turnover Ratio (%) | 2.40 | 2.17 | 1.62 | 1.68 | 1.58 |
Current Ratio (X) | 1.72 | 1.81 | 2.39 | 3.15 | 2.60 |
Quick Ratio (X) | 1.12 | 1.25 | 1.78 | 2.46 | 1.98 |
Inventory Turnover Ratio (X) | 4.59 | 4.95 | 4.09 | 4.78 | 5.10 |
Dividend Payout Ratio (NP) (%) | 88.49 | 118.66 | 231.06 | 0.00 | 293.24 |
Dividend Payout Ratio (CP) (%) | 81.37 | 104.61 | 192.95 | 0.00 | 247.29 |
Earning Retention Ratio (%) | 11.51 | -18.66 | -131.06 | 0.00 | -193.24 |
Cash Earning Retention Ratio (%) | 18.63 | -4.61 | -92.95 | 0.00 | -147.29 |
Interest Coverage Ratio (%) | 627.35 | 431.66 | 225.98 | 220.64 | 0.00 |
Interest Coverage Ratio (Post Tax) (%) | 438.68 | 291.72 | 145.61 | 143.82 | 0.00 |
Enterprise Value (Cr.) | 5385.84 | 4620.73 | 2719.72 | 1553.82 | 1349.96 |
EV / Net Operating Revenue (X) | 4.94 | 5.18 | 3.97 | 2.21 | 1.99 |
EV / EBITDA (X) | 27.69 | 36.91 | 29.35 | 14.08 | 14.13 |
MarketCap / Net Operating Revenue (X) | 4.99 | 5.23 | 4.03 | 2.35 | 2.08 |
Retention Ratios (%) | 11.50 | -18.66 | -131.06 | 0.00 | -193.24 |
Price / BV (X) | 20.91 | 19.10 | 10.65 | 4.90 | 5.27 |
Price / Net Operating Revenue (X) | 4.99 | 5.23 | 4.03 | 2.35 | 2.08 |
EarningsYield | 0.02 | 0.01 | 0.02 | 0.04 | 0.04 |
Esab India Ltd Profitability Ratios (%)
Esab India Ltd Liquidity Ratios
Esab India Ltd Liquidity Ratios (%)
Esab India Ltd Interest Coverage Ratios (%)
Esab India Ltd Valuation Ratios
Fair Value of Esab India Ltd Stock
Fair Value: ₹6261.36
The stock is undervalued by 5.50% compared to the current price ₹5935
*This is not Investment Advice
Strength and Weakness of Esab India Ltd Stock
Strength | Weakness |
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The company has higher reserves compared to borrowings, indicating strong financial stability. The company has shown consistent growth in sales and profit over the years. | The stock has a low average ROCE, which may not be favorable. The stock has a high average Working Capital Days, which may not be favorable. The stock has a high average Cash Conversion Cycle, which may not be favorable. |