Esab India financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹421cr+19.6% on Q1 FY26
Net profit
₹56.1cr+37.1% on Q1 FY26
EBITDA margin
18.8%+2.0 pts on Q1 FY26
EPS
₹36.48+37.1% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue421352+19.6%
EBITDA79.259.2+33.8%
EBITDA margin18.8%16.8%+2.0 pts
Profit before tax76.055.1+38.0%
Net profit56.140.9+37.1%
EPS₹36.48₹26.60+37.1%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹421 crNet profit₹56.1 crNet margin13.3%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
8,234————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
98.798.788.238.433.4
8,135————
1,5771,5081,3731,2431,091
—+9.8%+10.5%+14.0%—
290270245228187
18.4%17.9%17.8%18.3%17.1%
272253230214175
222207175163136
14.1%13.7%12.8%13.1%12.4%
₹144.18₹134.30₹113.98₹105.90₹88.16
—+17.8%+7.6%+20.1%—
—181199141129
—−31.6−28.0−28.5−33.6
14914917111395.7
Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

ESABINDIA₹5,350.00

Esab India Limited

· Capital Goods & Defence
₹ CrorePeersHARSHAADORDIFFNKGMALLCOMDELTAMAGNTWHBRADYMcap ₹8,234 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————8,233.7
- Cash, Equiv & ST Investments33.438.488.298.798.7
Enterprise Value————8,135.0
Revenue1,090.81,243.31,373.51,508.21,577.3
Growth %, YoY—+14.0+10.5+9.8—
EBITDA186.7227.7244.5269.8289.9
Margin %17.1118.3117.8017.8918.38
EBIT174.8213.9229.6252.8272.5
Net Income135.7163.0175.4206.7221.9
Margin %12.4413.1112.7713.7014.07
EPS, Adj (current shares)88.16105.90113.98134.30144.18
Growth %, YoY—+20.1+7.6+17.8—
Cash from Operations129.2141.0198.8180.7—
Capital Expenditures-33.6-28.5-28.0-31.6—
Free Cash Flow95.7112.5170.9149.1149.1
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Esab India financials and key ratios

Prices at the 30 October 2026 close · figures from the company's filings with NSE

Esab India (NSE: ESABINDIA) had a market capitalisation of ₹8,092 crore at the 30 October 2026 close (₹5,258.50 a share), a PE ratio of 36.5 on the last four quarters' profit and a price-to-book ratio of 18.85. In FY26 its consolidated net profit was ₹207 crore on revenue of ₹1,508 crore; in Q1 FY27 (April–June 2026) it was ₹56.1 crore, up 37.1% year on year. It had no borrowings on 31 March 2026. Promoters held 73.72% of the shares on 30 September 2026.

Share price used
₹5,258.50 · 30 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Esab India at a glance · consolidated

Market cap
₹8,092 Crat ₹5,258.50 · 30 Oct close
PE ratio (last 4 quarters)
36.539.2 on FY26 profit
Price to book (PB)
18.85book value ₹279.01 a share
ROE (FY26)
52.3%−0.3 pts vs FY25ROCE 61.2%
Debt to equity
0.00net cash ₹116 Cr
Promoter holding
73.72%unchanged vs 30 Jun 202630 September 2026
Dividend yield
1.43%₹75 a share in 12 months
Net worth
₹429 Cr+18.9% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹149 Cr−12.7% vs FY25

Questions

What is the Esab India PE ratio today?

Esab India's PE ratio is 36.5 at the 30 October 2026 close (₹5,258.50 a share): a market capitalisation of ₹8,092 crore divided by consolidated net profit of ₹222 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹207 crore) it is 39.2.

What is the Esab India net worth?

Esab India's net worth — shareholders' equity in its consolidated balance sheet — was ₹429 crore on 31 March 2026, up 18.9% from ₹361 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹8,092 crore at the 30 October 2026 close.

What is the Esab India book value per share?

Esab India's book value per share was ₹279.01 on 31 March 2026: shareholders' equity of ₹429 crore divided by the 1.54 crore shares in issue, up 18.9% from ₹234.73 a year earlier. The share price at the 30 October 2026 close was ₹5,258.50.

What is the Esab India PB ratio (price to book value)?

Esab India's price-to-book (PB) ratio is 18.85 at the 30 October 2026 close: a market capitalisation of ₹8,092 crore divided by shareholders' equity (book value) of ₹429 crore on 31 March 2026. That is a book value of ₹279.01 per share against a share price of ₹5,258.50.

What is the Esab India ROE and ROCE?

In FY26, Esab India's return on equity (ROE) was 52.3% and its return on capital employed (ROCE) was 61.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 52.6% and ROCE 66.6%.

What is the Esab India dividend yield?

Esab India's dividend yield is 1.43% at the 30 October 2026 close: dividends of ₹75 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹5,258.50. They were ₹25 on 23 July 2026, ₹25 on 13 February 2026 (interim) and ₹25 on 14 November 2025 (interim).

What is the Esab India market cap?

Esab India's market capitalisation was ₹8,092 crore at the 30 October 2026 close: 1.54 crore shares at ₹5,258.50 each.

Is Esab India debt free?

Yes. Esab India had no borrowings on 31 March 2026 (consolidated balance sheet), and it held ₹116 crore of cash, bank balances and current investments.

What is the Esab India debt to equity ratio?

Esab India's debt-to-equity ratio was 0.00 on 31 March 2026: no borrowings against total equity of ₹429 crore. A year earlier, on 31 March 2025, it was 0.00.

What is the Esab India EPS?

Esab India's basic earnings per share (EPS) were ₹134.30 in FY26, against ₹113.98 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹144.18.

What is the Esab India promoter holding?

Promoters held 73.72% of Esab India on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

When are the Esab India next results?

Esab India will announce its Q2 FY27 results (July–September 2026) on Wednesday, 4 November 2026, the date of the board meeting it has notified to the exchanges.

What is the Esab India dividend in 2026 and its record date?

In 2026, Esab India has declared two dividends totalling ₹50 a share: ₹25 (interim) with record date 14 February 2026 and ex-date 13 February 2026 and ₹25 with record date 23 July 2026.

What is the Esab India free cash flow?

In FY26, Esab India generated ₹181 crore of cash from operations and spent ₹31.6 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹149 crore. In FY25 it was ₹171 crore.

What are the Esab India latest quarterly results?

Esab India's latest results are for Q1 FY27 (April–June 2026), filed on 11 August 2026: consolidated net profit ₹56.1 crore, up 37.1% from ₹40.9 crore in Q1 FY26; revenue from operations ₹421 crore, up 19.6% year on year.

What is the Esab India shareholding pattern?

On 30 September 2026, Esab India's shares were held by promoters 73.72%, foreign portfolio investors (FII/FPI) 1.52%, domestic institutions (DII) 12.77% (including mutual funds at 12.52%) and retail and other non-institutional investors 11.98%. Over the year, FII holding was down 0.01 percentage points from 1.53% and DII holding was down 0.01 percentage points from 12.78%.

What is the Esab India revenue and profit in FY26?

In FY26 (April 2025–March 2026), Esab India's consolidated net profit was ₹207 crore, up 17.8% from ₹175 crore in FY25, on revenue from operations of ₹1,508 crore (up 9.8%). Over three years, from FY23, net profit was up 52.3%.

How does the Esab India PE ratio compare with its peers?

At the 30 October 2026 closing prices, on FY26 net profit, Esab India's PE ratio is 39.2, the highest of the four: Harsha Engineers International 24.3, Ador Welding 28.2 and Diffusion Engineers 29.4, a peer average of 27.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.

How does Esab India compare with its peers?

On FY26 consolidated figures, against Harsha Engineers International, Ador Welding and Diffusion Engineers: Esab India's operating margin of 16.8% is the highest of the four (Harsha Engineers International 11.9%, Ador Welding 8.9%, Diffusion Engineers 12.4%; peer average 11.1%); its return on equity of 52.3% is the highest of the four (Harsha Engineers International 11.7%, Ador Welding 15.5%, Diffusion Engineers 13.0%; peer average 13.4%).

Esab India vs Harsha Engineers International: how do they compare?

In FY26, Esab India earned net profit of ₹207 crore on revenue of ₹1,508 crore, against ₹155 crore on ₹1,627 crore for Harsha Engineers International. Esab India's operating margin was 16.8% (Harsha Engineers International 11.9%) and its return on equity 52.3% (Harsha Engineers International 11.7%). At the 30 October 2026 close, Esab India's market capitalisation was ₹8,092 crore against ₹3,770 crore for Harsha Engineers International, and its PE ratio on FY26 profit 39.2 against 24.3.

Where do these Esab India figures come from?

From Esab India's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.