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Intrinsic value · Buy/Sell verdict · scores — free· 1088 Nifty 500 stocks· EOD 2026-06-16

ESAB India Limited

ESABINDIA · NSE · Industrials

₹5,705
-55.50 (-0.96%)
Our verdictOvervalued
Sell43/100
Quality73
Valuation13
Momentum51
Financial trend33
Intrinsic value
Our fair value
₹2,852.5
Overvalued by 50%
Price ₹5,705Range ₹2,624.3₹3,905.71

With a 20% margin of safety, our buy-below price is ₹2,282.

A
Financial health 100/100
Altman Z 21.58 · Safe zone

Piotroski F-score 4/9 — quality of earnings & balance sheet.

Investability checklist

Passed 7 of 13 checks54/100
  • ROE above 15%52.3%
  • Low debt (D/E < 0.5)0.01x
  • Positive free cash flow
  • Revenue growth > 10%8%
  • Earnings growing-8%
  • Net margin ≥ 10%13.7%
  • Current ratio > 1.52.15
  • Below our fair value
  • Margin of safety ≥ 20%
  • Above 200-day average
  • Above 50-day average
  • Positive 1-year return
  • Altman Z in safe zoneZ 21.58
  • Piotroski ≥ 74/9

1-year price

EOD · 2026-06-16
1W
-0.2%
1M
-12.7%
3M
+7.1%
6M
-1.9%
1Y

Our scores

Durability73
Valuation26
Momentum51

Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.

Quarterly results

2Q2018
₹172 Cr9%
2Q2019
₹181 Cr0%
3Q2019
₹173 Cr11%
4Q2019
₹169 Cr10%
Revenue Net profitRevenue 4-period change -1%

Annual financials

2018
₹544 Cr0%
2019
₹672 Cr0%
2020
₹698 Cr10%
2021
₹681 Cr9%
Revenue Net profitRevenue 4-period change +25%

Shareholding

Promoter74.2%
Institutions13.6%
Public & other12.2%

Promoter holding via insider stake; institutional via reported holdings.

Key fundamentals

Market cap
₹8,782 Cr
P/E ratio
42.5
P/B ratio
20.45
EPS (TTM)
₹134.22
ROE
52.3%
Debt / Equity
0.01x
Profit margin
13.7%
Free cash flow
₹92 Cr
52-week high
₹7,150.5
-20.22% from high
52-week low
₹4,718.24
Dividend yield
2.0%
Beta
0.34

SWOT snapshot

Strengths

  • Strong return on equity (52.3%).
  • Lightly leveraged balance sheet.
  • Financially solid — Altman Z 21.58.

Threats

  • Earnings contracting year on year.
  • Rich valuation versus sector peers.
  • Trades ~50% above our estimated fair value.

About ESAB India Limited

ESAB India Limited manufactures and sells welding and cutting equipment and consumables in India and internationally. The company offers gas equipment, such as cutting machines, H/VAC and plumbing, outfits, regulators, safety accessories, torches, and wear parts; arc gouging and exothermic cutting; manual plasma cutting products; filler metals, including aluminum, copper, hard facing, low alloy, mild steel, nickel, stainless steel, and other; cutting automation products compr

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Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.