Loading…
Employees: 1,381
Size Esab India (ESABINDIA.NS) is an India Industrials company (Electrical Products) with a market value of $816M, the 661st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹5,004 on 6 Nov 2026.
Performance Over six months the shares fell 29.4%, against -35.0% for the median peer and 0.0% for the India market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 12.6% over the last twelve months (peer median +15.3%); the operating margin is 16.6% (peer median 5.3%).
Valuation It trades at 4.7× enterprise value to sales against a peer median of 2.5× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 46.2 points above its cost of capital (11.5% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹16.2B | ₹15.1B | ₹13.7B | ₹12.4B | ₹10.9B |
| Revenue growth | — | +10% | +10% | +14% | — |
| Gross profit | ₹4.96B | ₹4.01B | ₹3.62B | ₹3.29B | ₹2.70B |
| EBITDA | ₹2.87B | ₹2.73B | ₹2.48B | ₹2.30B | ₹1.91B |
| Net income | ₹1.92B | ₹2.07B | ₹1.75B | ₹1.63B | ₹1.36B |
| Free cash flow | n/a | ₹1.50B | ₹1.72B | ₹1.13B | ₹963M |
| Capital expenditure | n/a | ₹316M | ₹280M | ₹285M | ₹338M |
| Total debt | ₹30.6M | ₹33.5M | ₹39.3M | ₹45.7M | ₹40.1M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ESABINDIA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.1% | -14.8% | 7th highest of 21 |
| 6-month return | -29.4% | -35.0% | 10th highest of 20 |
| Distance from 52-week high | -31.6% | -47.9% | 3rd highest of 21 |
| Revenue growth (TTM) | +12.6% | +15.3% | 8th lowest of 21 |
| Operating margin | 16.6% | 5.3% | 3rd highest of 21 |
| EV / Sales | 4.7× | 2.5× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 18.3% | 10.8% | 5th most demanding of 11 |
| Growth delivered (Del g) | +17.2% | +17.5% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | +1.1 pp | -5.3 pp | 5th most demanding of 11 |
| ROIC minus cost of capital | +46.2 pp | -2.6 pp | highest of 20 |
| EV / EBITDA | 26.3× | 21.9× | 3rd most expensive of 6 |
| Net debt / EBITDA | -0.5× | -1.5× | 3rd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Esab India ESABINDIA.NS | India | $816M | -29% | +13% | 17% | 4.7× | 18.3% | +17.2% |
| Jiangsu New Vision Automotive Electronics 2632.HK | Hong Kong | $820M | -50% | +15% | -5% | 8.1× | n/a | n/a |
| Taiwan Puritic 6826.TWO | Taiwan | $807M | -43% | +14% | 16% | 1.0× | -14.4% | +23.9% |
| Zhejiang Grandwall Electric Science & Technology 603897.SS | China | $803M | -50% | +15% | 3% | 0.6× | n/a | n/a |
| Guangzhou Baiyun Electric Equipment 603861.SS | China | $831M | -35% | +6% | 4% | 1.7× | n/a | n/a |
| Daejoo Electronic Materials 078600.KS | South Korea | $835M | -53% | +42% | 8% | 4.2× | n/a | n/a |
| Kanohar Electricals KANOHAR.NS | India | $835M | n/a | +45% | 27% | 11.4× | 21.3% | +29.1% |
| Xinya Electronic 605277.SS | China | $794M | -28% | +12% | 7% | 1.5× | 7.9% | +31.5% |
| Honbridge 8137.HK | Hong Kong | $792M | 0% | +295% | -12% | 20.9× | n/a | n/a |
| KBC 688598.SS | China | $842M | +9% | +47% | -114% | 5.2× | n/a | n/a |
| Shijiazhuang Kelin Electric 603050.SS | China | $844M | -36% | -11% | 2% | 1.7× | 23.2% | +20.2% |
| Dalian Insulator 002606.SZ | China | $788M | -17% | +36% | 22% | 2.4× | -4.8% | +15.5% |
| LS Eco Energy 229640.KS | South Korea | $848M | -56% | +31% | 7% | 0.9× | 5.4% | +10.6% |
| Tellhow Sci-Tech 600590.SS | China | $852M | -56% | -11% | 5% | 2.7× | n/a | n/a |
| Longwell 6290.TWO | Taiwan | $854M | -43% | +13% | 15% | 2.6× | 13.7% | +9.0% |
| Shanghai Zhongchen Electronic Technology 603275.SS | China | $778M | -26% | +21% | 14% | 3.7× | n/a | n/a |
| Precision Wires India PRECWIRE.NS | India | $776M | -1% | +46% | 5% | 1.2× | n/a | n/a |
| Anhui Xinke New Materials 600255.SS | China | $767M | -21% | +23% | 2% | 1.4× | n/a | n/a |
| Shenzhen SNC Opto Electronic 001326.SZ | China | $767M | +36% | +6% | 5% | 3.2× | 33.4% | +19.5% |
| Lintes Technology 6715.TW | Taiwan | $763M | -22% | -18% | 5% | 14.2× | 53.3% | -6.9% |
| Jinlei Technology 300443.SZ | China | $876M | -40% | -14% | 13% | 2.1× | 5.6% | +11.1% |