Esab India Ltd

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NSEBSE

5127.95-65.15 (-1.25%)

02:49 PM,23rd Feb 2024

5124.90-66.15 (-1.27%)

02:59 PM,23rd Feb 2024

BSE : 500133

NSE : ESABINDIA

Sector : Engineering

ISIN Code : INE284A01012

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Last Updated: Feb 23 2024 | 02:59 PM IST

Market Cap (₹ Cr)

7891

Turnover (₹ Cr)

0.33

Volume (Shares)

6407

Face Value

10

52-WK High

6585.95

52-WK High Date

12 Nov 2023

52-WK Low

3244.85

52-WK Low Date

25 Apr 2023

All Time High

6585.95

All Time High Date

12 Nov 2023

All Time Low

28.65

All Time Low Date

31 Mar 2003

Esab India Ltd

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 wholly-owned 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 Esab's 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 company's 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 company's shares from the public. With this acquisition together with the existing holding of 7.31% of the company's 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 FY2013the company's Capital Expenditure was about Rs.1176 Lakhs and projects with productivity enhancements and Quality improvements were prioritized to conserve resources.The outbreak of COVID-19 pandemic and the resulting lockdown enforced from March 25 2020 has affected the Company's regular operations. When the world stopped during the COVID-19 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 2021-22 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.

Esab India Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

7891

EPS - TTM (₹) [S]

104.35

P/E Ratio (X) [S]

25.44

Face Value (₹) 10
Latest Dividend (%)320.00
Latest Dividend Date 24 Nov 2023
Dividend Yield (%) 1.50
Book Value Share (₹) [S]201.59
P/B Ratio (₹) [S]25.44
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
SBI Conservative Hybrid Fund - (G) 20.91 39061 0.22
SBI Conservative Hybrid Fund - Direct (G) 20.91 39061 0.22
SBI Retirement Benefit Fund-Conser Hyb Plan (G) 2.25 4200 0.89
SBI Retirement Benefit Fund-Conser Hyb Plan (IDCW) 2.25 4200 0.89
SBI Retirement Benefit Fund-Conser Hyb Plan-Dir(G) 2.25 4200 0.89
SBI Retirement Benefit Fund-Conser HybPlan-D(IDCW) 2.25 4200 0.89
SBI Retirement Benefit Fund-Conservative Plan (G) 0.80 1500 0.48
SBI Retirement Benefit Fund-ConservativePlan(IDCW) 0.80 1500 0.48
SBI Retirement Benefit Fund-Conservative P-Dir(G) 0.80 1500 0.48
SBI Retirement Benefit Fund-Conservative P-D(IDCW) 0.80 1500 0.48

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

5100.30

5247.95

Week Low/High

5100.30

5434.00

Month Low/High

5100.30

5855.00

Year Low/High

3244.85

6586.00

All time Low/High

28.00

6586.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-4.70%-4.74%1.080.84%
1 Month-9.68%-9.42%4.034.64%
3 Month-16.96%-16.68%10.8912.24%
6 Month-10.81%-10.76%11.8814.30%
1 Year25.83%25.82%22.8226.92%
3 Year164.41%164.20%47.1551.11%

Company Info

Company Information

Non-Exec. & Independent Dir. : K Vaidyanathan

Non-Exec. & Independent Dir. : Vikram Tandon

Non-Exec. & Independent Dir. : Sudhir Chand

Managing Director : Rohit Gambhir

Chairman (Non-Executive) : Kelvin Johnson

Company Sec. & Compli. Officer : G Balaji

Independent Director : Cauvery Dharmaraj

Registered Office: Plot No 13 3rd Main Road, Industrial Estate Ambattur,Chennai,Tamil Nadu-600058 Ph: 91-44-42281100

Email:venkatakrishnan.s@esab.co.in

URL:http://www.esabindia.com