| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 421 | 352 | +19.6% |
| EBITDA | 79.2 | 59.2 | +33.8% |
| EBITDA margin | 18.8% | 16.8% | +2.0 pts |
| Profit before tax | 76.0 | 55.1 | +38.0% |
| Net profit | 56.1 | 40.9 | +37.1% |
| EPS | ₹36.48 | ₹26.60 | +37.1% |
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.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 8,118 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 98.7 | 98.7 | 88.2 | 38.4 | 33.4 | ||
| 8,020 | — | — | — | — | ||
| 1,577 | 1,508 | 1,373 | 1,243 | 1,091 | ||
| — | +9.8% | +10.5% | +14.0% | — | ||
| 290 | 270 | 245 | 228 | 187 | ||
| 18.4% | 17.9% | 17.8% | 18.3% | 17.1% | ||
| 272 | 253 | 230 | 214 | 175 | ||
| 222 | 207 | 175 | 163 | 136 | ||
| 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% | — | ||
| — | 181 | 199 | 141 | 129 | ||
| — | −31.6 | −28.0 | −28.5 | −33.6 | ||
| 149 | 149 | 171 | 113 | 95.7 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
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 | — | — | — | — | 8,118.2 | |
| - Cash, Equiv & ST Investments | 33.4 | 38.4 | 88.2 | 98.7 | 98.7 | |
| Enterprise Value | — | — | — | — | 8,019.6 | |
| Revenue | 1,090.8 | 1,243.3 | 1,373.5 | 1,508.2 | 1,577.3 | |
| Growth %, YoY | — | +14.0 | +10.5 | +9.8 | — | |
| EBITDA | 186.7 | 227.7 | 244.5 | 269.8 | 289.9 | |
| Margin % | 17.11 | 18.31 | 17.80 | 17.89 | 18.38 | |
| EBIT | 174.8 | 213.9 | 229.6 | 252.8 | 272.5 | |
| Net Income | 135.7 | 163.0 | 175.4 | 206.7 | 221.9 | |
| Margin % | 12.44 | 13.11 | 12.77 | 13.70 | 14.07 | |
| EPS, Adj (current shares) | 88.16 | 105.90 | 113.98 | 134.30 | 144.18 | |
| Growth %, YoY | — | +20.1 | +7.6 | +17.8 | — | |
| Cash from Operations | 129.2 | 141.0 | 198.8 | 180.7 | — | |
| Capital Expenditures | -33.6 | -28.5 | -28.0 | -31.6 | — | |
| Free Cash Flow | 95.7 | 112.5 | 170.9 | 149.1 | 149.1 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Esab India (NSE: ESABINDIA) had a market capitalisation of ₹8,190 crore at the 29 October 2026 close (₹5,322.00 a share), a PE ratio of 36.9 on the last four quarters' profit and a price-to-book ratio of 19.07. 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.
Esab India's PE ratio is 36.9 at the 29 October 2026 close (₹5,322.00 a share): a market capitalisation of ₹8,190 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 39.6.
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 ₹8,190 crore at the 29 October 2026 close.
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 29 October 2026 close was ₹5,322.00.
Esab India's price-to-book (PB) ratio is 19.07 at the 29 October 2026 close: a market capitalisation of ₹8,190 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 ₹5,322.00.
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%.
Esab India's dividend yield is 1.41% at the 29 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 ₹5,322.00. They were ₹25 on 23 July 2026, ₹25 on 13 February 2026 (interim) and ₹25 on 14 November 2025 (interim).
Esab India's market capitalisation was ₹8,190 crore at the 29 October 2026 close: 1.54 crore shares at ₹5,322.00 each.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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%.
At the 29 October 2026 closing prices, on FY26 net profit, Esab India's PE ratio is 39.6, the highest of the four: Harsha Engineers International 24.9, Ador Welding 28.8 and Diffusion Engineers 30.1, a peer average of 27.9. Each is the company's market capitalisation at that price divided by its FY26 net profit.
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%).
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 29 October 2026 close, Esab India's market capitalisation was ₹8,190 crore against ₹3,859 crore for Harsha Engineers International, and its PE ratio on FY26 profit 39.6 against 24.9.
From Esab India's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 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.