Esab India Ltd.
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3787.60 +237.05 ▲6.7%

20 May 2022, 04:01:00 PM
Volume: 2,397

Overview View Details

Sector Capital Goods Compare with Sector peers
Industry Electrodes & Welding Equipment Compare with Industry peers
Website http://www.esabindia.com
Market Cap 5,817.18 Cr.
Enterprise Value(EV) 5,777.53 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 53.73 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 70.34 Trailing Twelve Months Ending 2021-12
Industry PE 22.67 Trailing Twelve Months Ending 2021-12
Book Value / Share 184.32 Trailing Twelve Months Ending 2021-12
Price to Book Value 20.50 Calculated using Price: 3,779.10
Dividend Yield 1.16 Period Ending 2021-03
No. of Shares Subscribed 1.54 Cr. 15,393,020 Shares
FaceValue 10
Company Profile

ESAB India Limited was established in 1987 as a part of ESAB Group owned by the Charter International Plc.Group UK, which is listed on the London Stock Exchange. The Company is engaged in the business of fabrication technology. The company caters to both domestic and international markets.

The company directly export welding consumables and welding and cutting equipment to Nepal, Bhutan, Bangladesh, Sri Lanka, Kenya and Uganda. The company also exports products to Middle East, Asia Pacific, Europe and the USA through their group companies in Sweden, Singapore and Dubai..The company also in the business segment of Equipment, Consumables. 

Business area of the company

The company has a wide and comprehensive range of welding, cutting and allied products and services. The product range covers Welding Consumables, Reclamation Consumables, Arc Equipment, Industrial Gas Equipment, Cutting Machines and Working Environment Products for the specialised welding, cutting and allied needs. These are manufactured to stringent quality control measures in the state-of-the-art manufacturing units.

Products

  • Arc Welding Equipment
  • Cutting Automation
  • PPE & Accessories
  • Plasma
  • Welding Consumables
  • Gas Equipment
  • Welding Automation & Robotics
  • ESAB Digital Solutions (EDS)

History and milestones

  • 1904: A leader is born. Elektriska Svetsnings-Aktiebolaget (ESAB) founded in Göteborg by engineer Oscar Kjellberg. In the beginning, operations focused very clearly on the shipyards' repair requirements.
  • 1906: Innovation unfolds. The patent is granted for Kjellberg's unique invention - the world's first coated welding electrode.
  • 1912: The Anglo-Swedish Electric Welding Co Ltd, London, is founded.
  • 1914: The Belgian-Swedish Electric Welding Co Ltd (BSEW), Antwerp, is founded.
  • 1919: La Soudure Autogene Française uses Kjellberg's method to build the ship “SAF no. 4”. It is 20 metres long, 4 metres wide and 2.3 metres deep.
  • 1920: The all-welded workshop boat “ESAB IV”, 16 metres long and 4 metres wide, is launched.
  • 1920: Lloyd's Register of Shipping approves Kjellberg's welding method.
  • 1921: Kjellberg Elektroden & Maschinen GmbH, Berlin (later Kjellberg Elektroden & Maschinen GmbH, Finsterwalde) is set up.
  • 1932: ESAB-Iberica S.A., Madrid, Spain, is founded.
  • 1932: ESAB S.A., Brussels, Belgium, and PEAS in Prague in Czechoslovakia are established.
  • 1933: Welding Supplies Ltd., England, and ESAB-Denmark are set up.
  • 1935: ESAB-Elettrodi Rivestiti S.A., Milan, Italy is established.
  • 1936: The first issue of ESAB's publication Svetsaren is published.
  • 1937: Breakthrough development. The submerged arc welding method is invented, providing a versatile means of depositing large amounts of metal quickly, consistently, and safely.
  • 1938: Kjellberg-Eberle GmbH, Germany, is founded.
  • 1938: ESAB Norway is set up.
  • 1940: ESAB Welding Corporation in the USA is established.
  • 1942: The machine plant in Laxa is opened.
  • 1943: ESAB-Finland is founded.
  • 1944: Revolutionary technology. The new process of TIG welding (called Heliarc) is introduced, providing greater control over the weld for stronger, higher quality results.
  • 1950: Quantum leap. Gas metal arc welding (GMAW) or MIG/MAG welding is developed. Its versatility and speed help make it the most commonly used industrial welding process.
  • 1945: A new production plant for cutting machines is set up in Frankfurt.
  • 1950: ESAB-France is set up.
  • 1951: Electrode production begins in Perstorp, Sweden.
  • 1953: ESAB-Brazil is established.
  • 1955: Plasma cutting emerges. The Linde Division of Union Carbide invents the plasma arc for cutting metals. Linde later became L-Tec, which was eventually purchased by ESAB.
  • 1956: ESAB-Austria is founded.
  • 1958: ESAB Arc Rods Ltd. in Montreal is established.
  • 1958: Máquinas ESAB Lta in Rio de Janerio is set up.
  • 1962: A branch factory for cutting equipment is set up in Rodheim, Germany.
  • 1971: Leading KEBE employees part from the company and found HANCOCK GmbH in Dörnigheim, Germany.
  • 1972: ESAB Inc in the USA is founded.
  • 1972: A new electrode plant is built in Perstorp.
  • 1973: The black-and-yellow logotype is introduced.
  • 1974: ESAB-Ekman Welding pte in Singapore, ESAB-Iran Co, ESAB-Roman, Portugal, and ESAB Manufacturing Inc, USA, are set up.
  • 1975: The cutting division of ESAB moves to new production plant in Karben. ESAB Australia Pty ltd, Australia, is established.
  • 1977: ESAB acquires Sarazin Soudure in France.
  • 1977: New electrode plant in Milan opens.
  • 1977: KEBE-Ersatzteile is founded to guarantee delivery of spare parts for outdated flame cutting machinery.
  • 1981: ESAB takes over Varios Fabrieken B.V., The Netherlands.
  • 1981: ESAB acquires HANCOCK GmbH, one of British Oxygen's gas-cutting companies.
  • 1982: The merger of ESAB GmbH and HANCOCK GmbH, as ESAB-HANCOCK GmbH, Karben, takes place.
  • 1984: ESAB Canada Inc. is founded.
  • 1986: Filarc Welding Industries B.V., The Netherlands, is acquired.
  • 1987: ESAB India is formally incorporated.
  • 1987: Siderotermica s.p.a. in Italy is acquired.
  • 1989: The production of electrodes in Göteborg is transferred to Perstorp.
  • 1989: The new corporate symbol for The ESAB Group is introduced.
  • 1991: Takeover of Indian Oxygen Limited's (IOL) welding operation.
  • 1991: AB Ph Nederman & Co is acquired and the Working Environment Equipment business area is set up.
  • 1992: Flo-tech Welding & Cutting Systems Limited
  • 1992: The Friction Stir Welding process is invented by The Welding Institute (TWI) where ESAB participates as the only welding equipment manufacturer.
  • 1993: ESAB Vamberk in the Czech Republic is set up following the acquisition of the leading producer of consumables.
  • 1993: A welding consumables pioneer. Marathon Pac, a unique bulk pack for solid or flux-cored welding wire, is introduced.
  • 1994: Takeover of Maharashtra Weldaids Limited
  • 1994: ESAB is purchased by Charter plc of the U.K.
  • 1994: Nederman leaves the ESAB Group but is still a member of the Charter group of companies
  • 1996: First of its kind. ESAB's first friction-stir welding machine, SuperStir ™ , is supplied to Marine Aluminum of Norway.
  • 1998: ESAB acquires a majority holding in the Polish company Ozas, which manufactures welding machines and spares.
  • 1998: A majority holding in Fersab, the leading manufacturer of agglomerated flux in Poland, is acquired.
  • 1998: ESAB acquires AlcoTec Wire Company in U.S.A., the world's largest producer of aluminium wire.
  • 1998: ESAB receives a large order from Boeing and supplies FSW equipment for welding fuel tanks for space rockets.
  • 1999: ZAO ESAB-SVEL is set up in St Petersburg, Russia.
  • 1999: SIB S.p.a in Italy, is acquired. SIB is a production unit for non-alloyed MAG wires.
  • 1999: The ESAB Group identity is replaced with the black-and-yellow ESAB brand identity.
  • 1999: ESAB acquires the majority of the shares in Elektrody Baildon, Poland.
  • 2001: ESAB sets up a subsidiary in Moscow, Russia.
  • 2001: ESAB starts producing solid stainless steel wires in Vamberk in the Czech Republic.
  • 2002: ESAB establishes its headquarters in London, UK.
  • 2006: Greenfield plant at Irungattukottai, Sriperumpudur.
  • 2007: Global R&D centre formed for Consumables and Equipments at Chennai, Ambattur & Irungattukottai. This is now known as ESD (Engineering Services Division).
  • 2007: Charter plc increased its shareholding stake from 37% to 55% through Open Market offer.
  • 2008: ESAB Welding & Cutting Systems (100% subsidiary) merged with ESAB India Limited.
  • 2010: High-speed solution. High-speed submerged arc welding is developed, generating high quality welds at high productivity.
  • 2012: Next generation technology. ICE, the next generation in submerged arc welding technology, is advanced based on ESAB's leading Twin subarc process.
  • 2012: Colfax made an Open Offer in the market and increased the stake of the promoters from 55% to 73.72%.
  • 2015: Expanded Ambattur and Nagpur plant by moving all production facilities from Khardah to Ambattur in Chennai and Kamleshwar in Nagpur.
  • 2017: Expanded the Irungattukottai, Chennai plant by moving the equipment facilities from Taratala, Kolkata.
  • 2017: ESAB acquires TBi Industries GmbH, Germany.
  • 2018: ESAB acquires Sandvik(now renamed as Exaton) welding operations including production units in Scranton, Pennsylvania, and Sandviken, Sweden.
  • 2018: ESAB acquires European gas equipment leader Gas Control Equipment (GCE).

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+6.68%
1 Week
+14.81%
1 Month
+16.52%
3 Month
+30.47%
6 Month
+46.93%
1 Year
+102.71%
2 Year
+254.64%
5 Year
+501.21%
10 Year
+690.98%

Ratios View Details

9 years 2012-12 2013-12 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 16.88 13.16 8.50 9.37 8.16 10.31 17.86 23.63 19.86
Return on Capital Employed (%) 24.53 19.10 11.18 13.71 11.56 14.67 26.18 32.46 27.57
Return on Assets (%) 12.13 9.72 6.58 7.54 6.63 8.21 13.45 17.12 14.06

Balance Sheet View Details

Particulars 10 years 2012-12 Rs. Cr. 2013-12 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 236 267 289 316 343 378 267 338 259 265
Non Curr. Liab. 9 7 3 2 1 1 2 6 5 6
Curr. Liab. 86 76 76 66 83 99 109 113 122 126
Minority Int.
Equity & Liab. 331 350 368 384 426 479 377 457 387 396
Non Curr. Assets 112 115 102 115 112 91 95 98 96 95
Curr. Assets 219 235 266 269 314 387 283 359 291 301
Misc. Exp. not W/O
Total Assets 331 350 368 384 426 479 377 457 387 396

Profit Loss View Details

Particulars 10 years 2012-12 Rs. Cr. 2013-12 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 504 436 552 451 474 532 672 698 681 835
Other Income 5 7 11 8 13 13 17 14 11 8
Total Income 509 443 563 459 487 545 688 711 692 844
Total Expenditure -442 -383 -501 -404 -430 -480 -593 -601 -598 -720
PBIDT 67 59 62 54 57 65 96 111 94 124
Interest -1 -1 -1 0 0 0 0 -1 -2 0
Depreciation -12 -11 -14 -10 -10 -10 -11 -13 -12 -11
Taxation -16 -14 -7 -13 -11 -15 -27 -26 -21 -30
Exceptional Items -18 -4 -9 -2 -1
PAT 38 33 24 28 27 37 58 71 59 83
Adjusted EPS 25 22 15 18 17 24 37 46 39 54

Cash Flow View Details

Particulars 10 years 2011-12 Rs. Cr. 2012-12 Rs. Cr. 2013-12 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 40 46 35 16 18 37 30 67 57 72
Cash Fr. Inv. -5 -46 -27 -12 -9 -23 9 102 -120 84
Cash Fr. Finan. -45 0 -14 -2 -2 -2 -41 -163 39 -156
Net Change -9 0 -6 3 7 12 -2 6 -24 0
Cash & Cash Eqvt 23 23 17 20 27 39 37 43 19 19

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 73.72 73.72 73.72 73.72 73.72 73.72 73.72 73.72 73.72
Public 26.28 26.28 26.28 26.28 26.28 26.28 26.28 26.28 26.28
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 17 May 2022
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
We hereby inform that the following Share certificate (s) is / are reported to have been lost/ stolen/ misplaced with / without accompanied by a Transfer Deed(s) and the holders have requested the Company for Issue of Duplicate Share Certificate(s):Folio No : N03083Name of the Shareholder : NAGESH G WAGH & SUREKHA N WAGH Certificate No. : 74257 Distinctive Nos. : 6670905 - 6670979 No. of shares : 75We request you to kindly bring the above to the attention of the Members.
Thu, 12 May 2022
Board to consider Final Dividend
With reference to the earlier letter dated March 31 2022 intimating the meeting of the Board of Directors for consideration of audited financial results for the year ended March 31 2022 to be held on May 27 2022 through Video Conferencing Mode (VCM). Esab India Ltd has now informed BSE that the Board of Directors based on the audited financial results for the year period ended March 31 2022 may recommend Final Dividend if any to the Equity shareholders of the Company for the Financial Year ended March 31 2022.

As per the Companys Code of Conduct to regulate monitor and report trading by Designated Persons framed pursuant to SEBI (Prohibition of Insider Trading) Regulations 2015 read with the amendment regulations 2018 the Trading Window for the purpose of transacting in Companys Shares will remain closed from April 01 2022 till May 29 2022 (both days inclusive) i.e 48 hours after the declaration of the Audited Financial Results of the Company for the quarter ended March 31 2022.

Accordingly all the designated employees (including Directors) of the Company have been intimated not to trade in the companys shares during the aforesaid period of closure of Trading Window.
Thu, 12 May 2022
Update on board meeting
ESAB INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2022 inter alia to consider and approve We draw your attention to our letter dated 31 March 2022 intimating the meeting of the Board of Directors for consideration of audited financial results for the year ended 31 March 2022 to be held on 27 May 2022 Friday through Video Conferencing Mode (VCM). We would like to further inform you that the Board of Directors based on the audited financial results for the year period ended 31 March 2022 may recommend Final Dividend if any to the Equity shareholders of the Company for the Financial Year ended 31 March 2022.

Technical Scans View Details

Fri, 20 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Close Crossing Last Week High Close Crossing Last Week High
Close Crossing Last Month High Close Crossing Last Month High
Close Crossing 52 Week High Close Crossing 52 Week High
Opening at Low Opening at Low

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