Esab India tumbles after weak Q4 outcome

Esab India fell 5.14% to Rs 457 at 9:17 IST on BSE after net profit fell 33% to Rs 7.06 crore on 10.5% decline in net sales to Rs 109.30 crore in Q4 December 2013 over Q4 December 2012.

The result was announced after market hours on Wednesday, 19 February 2014.

Meanwhile, the BSE Sensex was down 90.58 points, or 0.44%, to 20,632.39.

On BSE, so far 2,332 shares were traded in the counter, compared with an average volume of 2,606 shares in the past one quarter.

The stock hit a high of Rs 467 and a low of Rs 430 so far during the day. The stock hit a 52-week high of Rs 499 on 22 February 2013. The stock hit a 52-week low of Rs 310 on 20 August 2013.

The stock had outperformed the market over the past one month till 19 February 2014, rising 7.29% compared with the Sensex's 1.62% fall. The scrip had outperformed the market in past one quarter, rising 2.01% as against Sensex's 0.80% decline.

The small-cap company has an equity capital of Rs 15.39 crore. Face value per share is Rs 10.

Esab India's net profit fell 12.3% to Rs 33.12 crore on 13.3% decline in net sales to Rs 429.75 crore in the year ended December 2013 over the year ended December 2012.

Esab India is one of the leading suppliers of welding and cutting products in India. The company's products are used in industries like shipbuilding, petrochemical, construction, transport, offshore, energy and repair and maintenance.

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