Esab India Limited (ESABINDIA) AI Stock Analysis

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Esab India Limited

(NSE:ESABINDIA)

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Rating:79Outperform

Price Target:INR 6,027.00▲(14.50% Upside)

Action:reiterated

Date:08/30/26

Strong financial performance with revenue and profit growth plus minimal debt is the primary driver. Supportive technical indicators with price above moving averages add further strength, while high P/E tempers the overall score.

Positive Factors

Improving profitabilityImproving net and operating margins indicate stronger earnings quality and operating profitability over time. If maintained, this performance can support reinvestment, strengthen resilience across industrial end markets, and provide a durable foundation for earnings growth.

Negative Factors

Gross-margin volatilityThe history of gross-margin volatility suggests profitability can be sensitive to input costs or pricing conditions. Even with recent recovery, renewed pressure could reduce operating leverage, moderate earnings growth, and make future margin performance less predictable.

Esab India Limited (ESABINDIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 80.94B
Dividend Yield: 1.43%
Average Volume (3M): 293
Price to Earnings (P/E): 36.5
Beta (1Y): 0.88
Revenue Growth: 12.99%
EPS Growth: 29.07%
Country: India
Employees: 934
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Esab India Limited Business Overview & Revenue Model

Company Description

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, an...

Esab India Limited Financial Statement Overview

Summary

Consistent revenue growth from 6.78B to 15.08B, net income rising to 2.07B with 13.7% margin, very low debt-to-equity below 0.02, high ROE near 50%, and strong operating cash flow growth.

Income Statement

85Very Positive

Balance Sheet

95Very Positive

Cash Flow

82Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	15.77B	15.08B	13.73B	12.39B	10.91B	8.96B
Gross Profit	5.32B	4.67B	4.23B	3.25B	4.19B	3.23B
EBITDA	3.12B	2.70B	2.52B	2.34B	1.95B	1.25B
Net Income	2.22B	2.07B	1.75B	1.63B	1.36B	843.10M
Balance Sheet
Total Assets	0	6.99B	6.47B	5.51B	4.74B	4.36B
Cash, Cash Equivalents and Short-Term Investments	1.04B	1.16B	1.02B	473.40M	499.50M	671.70M
Total Debt	0	33.50M	39.30M	45.70M	40.10M	26.80M
Total Liabilities	-4.29B	2.69B	2.86B	2.45B	2.14B	1.92B
Stockholders Equity	4.29B	4.29B	3.61B	3.06B	2.60B	2.44B
Cash Flow
Free Cash Flow	328.10M	1.50B	1.72B	1.13B	954.80M	733.30M
Operating Cash Flow	492.20M	1.82B	2.00B	1.41B	1.29B	845.30M
Investing Cash Flow	-107.00M	-469.60M	-159.10M	-549.90M	51.70M	199.60M
Financing Cash Flow	-651.20M	-1.42B	-1.57B	-811.20M	-1.22B	-1.02B

Esab India Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price5263.90

Price Trends

50DMA5696.92Negative

100DMA5718.52Negative

200DMA5752.83Negative

Market Momentum

MACD-106.70Positive

RSI36.39Neutral

STOCH45.70Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ESABINDIA, the sentiment is Negative. The current price of 5263.90 is below the 20-day moving average (MA) of 5413.30, below the 50-day MA of 5696.92, and below the 200-day MA of 5752.83, indicating a bearish trend. The MACD of -106.70 indicates Positive momentum. The RSI at 36.39 is Neutral, neither overbought nor oversold. The STOCH value of 45.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ESABINDIA.

Esab India Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ESABINDIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TARIL	83Outperform	INR 89.69B	29.22	―	0.08%	27.23%	21.70%
IN:ESABINDIA	79Outperform	INR 81.03B	36.48	―	1.43%	12.99%	29.07%
IN:VOLTAMP	76Outperform	INR 104.59B	32.39	―	0.97%	17.84%	-2.60%
IN:HEG	71Outperform	INR 78.59B	13.00	―	0.52%	14.72%	44.27%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:GRAPHITE	55Neutral	INR 141.78B	66.59	―	0.97%	22.51%	-40.67%
IN:HIRECT	49Neutral	INR 33.82B	78.62	―	0.15%	41.95%	-3.11%

* General Sector Average

Performance Comparison

IN:ESABINDIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ESABINDIA	Esab India Limited	5263.90	442.39	9.18%
IN:GRAPHITE	Graphite India Limited	725.70	113.92	18.62%
IN:HEG	HEG Limited	238.30	27.45	13.02%
IN:HIRECT	Hind Rectifiers Limited	953.90	20.15	2.16%
IN:TARIL	Transformers and Rectifiers (India) Limited	298.80	-145.70	-32.78%
IN:VOLTAMP	Voltamp Transformers Limited	10338.30	2958.63	40.09%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 30, 2026

Esab India Limited AI Stock Analysis

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