Esab Share Price

ESAB India Limited is a world leader in fabrication technology and specialty gas control solutions in India, primarily engaged in the manufacture and supply of welding and cutting equipment, consumables, and allied products. The company supplies advanced equipment, automation, robotics, digital solutions, and gas control products to industries such as shipbuilding, petrochemical, construction, transport, offshore, energy, and repair and maintenance. ESAB India share price on the NSE and BSE is a reflection of how market participants respond to a performance and broader business developments within its industry. It captures the company’s sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the ESAB India price often mirrors shifts in infrastructure spending, demand from the construction and automotive sectors, and investor views on the industrial consumables sector’s growth prospects. Factors such as the pace of capacity expansion, competitive intensity from other welding equipment manufacturers, raw material price fluctuations, and government policies on infrastructure development influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the ESAB India price movements.

ESAB India live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of ESAB India live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the ESAB India share price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

ESAB India Limited Company Fundamentals

a. Company Background

ESAB India Limited was incorporated in 1987. The company’s registered office is located in Chennai, Tamil Nadu. The company was incorporated in November 1987 and is a subsidiary of ESAB Corporation, Delaware, USA, which holds 73.72% of the equity shares through its indirect wholly-owned subsidiaries, ESAB Holdings Limited, UK, and Exelvia Group India BV, Netherlands. The company’s primary activity involves the production of welding and cutting equipment and consumables, focusing on areas such as Manual welding and cutting equipment, Welding Consumables, Welding automation, Mechanized cutting systems, and others. It initially focused on building a strong foothold in the welding consumables market before gradually expanding into cutting automation, robotics, and digital solutions. In July 1988, the company commenced business operations with the acquisition of the welding division of Peico Electronics & Electricals Ltd (now Philips India Ltd) located at Kalwa in Maharashtra. In 1991, the company acquired the entire welding division of Indian Oxygen Ltd (now BOC India Ltd) with three manufacturing units, two at Kolkata and one at Chennai. In 1992, the company acquired controlling interest in Flotech Welding & Cutting Systems Ltd, which was engaged in the manufacture of Cutting Machines in Pune. In 1994, Maharashtra Weldaids Ltd merged with the company. Over the years, ESAB India has significantly expanded its product portfolio and manufacturing capabilities. It operates in a competitive environment, with pricing and production governed by market forces and client requirements. The company has consistently focused on enhancing its technological capabilities to meet the growing demand for welding and cutting solutions in India and globally.

b. Product Lines

• ARC welding equipment: Engine driven welders, MIG welders (GMAW), multi-process welders, STICK welders (SMAW), TIG welders (GTAW), weld data monitoring systems, and wire feeders

• Cutting automation and mechanized cutting systems for precision cutting applications

• Filler metals: MIG wires, TIG rods, self-shielded flux-cored wires, and other welding consumables

• Gas equipment: Cutting machines, H/VAC and plumbing equipment, outfits, regulators, safety accessories, torches, and wear parts

• Robotics: Cobot equipment, robotic feeders, robotic power sources, robotic torch cleaning stations, and robotic torches

• Manual plasma cutting equipment and manual welding equipment

• PPE and safety products for welding applications

• Engineering, support, and consulting services across the fabrication technology value chain

• Reclamation consumables, industrial gas equipment, and working environment products for specialized welding, cutting, and allied needs

• Digital solutions for welding automation and process monitoring

• Products marketed under brands including Alcotec, AMI, Arcair, Conarco, Exaton, Gasarc, Losarc, Soldexa, Stoody, Thermal Dynamics, Victor, and Tweco

c. Company Revenue Model

• Primary revenue from the Consumables segment, which includes welding electrodes, copper coated wires, flux cored wires, welding fluxes, and related services

• Revenue from the Equipment segment, which includes ARC welding equipment, cutting automation, robotics, and gas equipment

• Volume-driven revenue based on quantity of welding consumables and equipment supplied to diverse end-user industries

• Pricing determined by raw material costs, product complexity, and market demand

• Revenue from engineering, support, and consulting services, with products accounting for approximately 94% of total revenue while services contribute a little over 5%

• Expanding product portfolio and technological capabilities contributing to new revenue streams through advanced solutions such as robotics and digital monitoring

• Revenue from both domestic Indian market serving shipbuilding, petrochemical, construction, transport, offshore, energy, and repair and maintenance industries, and exports to international markets

• Government policies on infrastructure development and manufacturing sector growth influencing revenue stability

d. Geographic Presence

• Headquartered in Chennai, Tamil Nadu with registered office at Plot No. 13, 3rd Main Road, Industrial Estate, Ambattur, Chennai – 600058

• Three manufacturing facilities located at Kolkata (West Bengal), Chennai (Tamil Nadu), and Nagpur (Maharashtra)

• Strong domestic market presence across India serving shipbuilding, petrochemical, construction, transport, offshore, energy, and repair and maintenance industries

• Export presence to select international markets

• The ESAB Group has a worldwide presence, serving customers through a network of cost-efficient manufacturing plants globally

• Focus on expanding into new geographical areas through enhanced manufacturing capabilities and technological up-gradation

• Operations primarily concentrated in eastern, southern, and western India with strategic manufacturing footprint

e. Key Milestones

• 1987: Incorporated as ESAB India Limited in November 1987

• 1988: Commenced business operations in July 1988 with acquisition of welding division of Peico Electronics & Electricals Ltd (now Philips India Ltd) at Kalwa, Maharashtra

• 1991: Acquired entire welding division of Indian Oxygen Ltd (now BOC India Ltd) with three manufacturing units, two at Kolkata and one at Chennai

• 1992: Acquired controlling interest in Flotech Welding & Cutting Systems Ltd, engaged in manufacture of Cutting Machines in Pune

• 1994: Maharashtra Weldaids Ltd merged with the company

• 2025: Total revenue for FY2024-25 reached ₹1,38,125 lakh (approx ₹1,381 crore) with net profit after tax of ₹17,542 lakh (approx ₹175 crore)

f. Industry Perspective

ESAB India Limited operates in the welding and cutting equipment industry, which is part of India’s broader industrial consumables and capital goods sector. Globally, the welding market continues to expand. The global welding market is projected to grow to USD 34.18 billion by 2030, reflecting a CAGR of 4.7% from USD 24.73 billion in 2023. In India, the welding sector is poised for substantial growth. The Indian welding consumables industry is expected to reach significant growth, with the market size to expand to USD 2.1 billion by 2033, growing at a CAGR of 6%. The India welding equipment, accessories & consumables market was valued at approximately USD 3 billion and is anticipated to reach nearly USD 4 billion due to increased demand from construction activities as well as the automotive manufacturing sector across India. According to 6W Research, the India welding consumables market is projected to reach a CAGR of 6.4% during the forecast period (2025-2031). According to IMARC Group, the India welding consumables market size was valued at USD 1,322.88 million in 2025 and is projected to reach USD 2,220.96 million by 2034, growing at a CAGR of 5.76% from 2026-2034. According to Apollo RR, the India welding equipment, accessories, and consumables market was valued at $2,045.3 million in 2022 and is projected to reach $4,992.6 million by 2032, growing at a CAGR of 9.38% from 2023 to 2032. The welding consumables industry is witnessing a shift towards automation and digitalization. Demand is driven by increasing demand from end-use industries such as automotive, construction, and energy & power, government initiatives like the National Infrastructure Pipeline (NIP) with projected capex of ₹111 lakh crore, and rising manufacturing activity under the “Make in India” initiative. Key challenges include raw material price volatility (steel, flux materials), intense competition from domestic and international players, and the need for continuous technological up-gradation.

ESAB India Limited Stock Market Presence: Listings & Index Representation

ESAB India is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol ESABINDIA and on the Bombay Stock Exchange (BSE) with the scrip code 500133. Its listing on both exchanges ensures that the ESAB India price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company forms part of several benchmark indices that represent broad market segments. ESAB India is a constituent of the BSE SmallCap Index and the S&P BSE AllCap Index. Being represented in indices enhances the visibility and liquidity of the ESAB India price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s welding equipment manufacturing landscape. The inclusion of ESAB India in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the ESAB India price to corporate and industry developments. The company’s ISIN code is INE284A01012 and face value is ₹10 per share.

ESAB India Limited Stock Performance and Share Price History

The ESAB India price has exhibited significant volatility over the past decade, shaped by the company’s leadership in India’s welding equipment sector and broader industrial consumables industry cycles. The ESAB India share price recorded a total return of approximately 19.8% over the last 1 year, 16.9% over the last 3 years, 24.2% over the last 5 years, and 25.7% over the last 10 years, outperforming the BSE CG index’s 25.9%, 26.7%, 27.9%, and 18.9% returns respectively over the same periods. The ESAB India share price reached a 52-week high of ₹6,425.00 and a 52-week low of ₹4,133.05, indicating a wide trading range and substantial price fluctuations. The ESAB India share price recorded a remarkable rally in 2021, delivering a substantial positive annual return of 93.93%, while the subsequent period has seen the ESAB India price moderate and correct from its peak levels. The ESAB India share price has shown a 1-month return of approximately 3.8% and a 3-month return of -2.8% as of April 2026, indicating mixed short-term momentum.

The ESAB India price has been particularly responsive to quarterly earnings releases and corporate announcements. When the company reported a 7.64% year-on-year growth in net profit to ₹175.42 crore in FY2025, the ESAB India stock price showed a positive reaction. The ESAB India stock price has shown a pattern of strong positive momentum in years when the company’s operational efficiency exceeded expectations, while periods of earnings moderation or concerns over raw material costs have contributed to consolidation in the ESAB India price. Corporate developments, including strategic announcements such as the acquisition of the welding division of Peico Electronics & Electricals Ltd, the acquisition of Indian Oxygen Ltd’s welding division, and the merger of Maharashtra Weldaids Ltd, have also influenced short-term fluctuations in the ESAB India price. The ESAB India share price has shown a 1-year return of approximately 19.8% as of April 2026, reflecting strong growth over the last year. The ESAB India share price has shown a 10-year aggregate net profit of ₹839.03 crore, reflecting the company’s sustained profitability over the long term. The ESAB India share price reached its 52-week high of ₹6,425.00 before declining to its 52-week low of ₹4,133.05, reflecting the volatility inherent in the industrial consumables space. The ESAB India share price has shown a year-to-date return of approximately -9.5% as of April 2026, indicating pressure in the current fiscal year. Comprehending these patterns in the ESAB India share price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the ESAB India price movements illustrate how industry fundamentals, raw material price cycles, and investor expectations converge in market pricing.

The ESAB India share price has shown distinct seasonal patterns over the past decade. The best performing year historically was 2021 with a positive return of 93.93%, followed by 2023 with 37.66%, 2020 with 34.24%, and 2019 with 40.70%. Historically, the stock has shown positive annual returns in 8 out of the last 10 years. In terms of annual performance, the ESAB India share price delivered returns of 40.70% in 2019, 34.24% in 2020, 93.93% in 2021, 18.80% in 2022, 37.66% in 2023, 5.38% in 2024, and -11.85% in 2025. The ESAB India price has demonstrated that the stock tends to perform better in periods of strong infrastructure spending and supportive industrial policies, while underperforming during phases of raw material volatility and intense competition. The ESAB India stock price has shown a 3-year total return of 16.9%, indicating moderate wealth creation over this period. The ESAB India stock price has shown a 5-year total return of 24.2%, reflecting the company’s ability to deliver consistent returns across market cycles. The ESAB India stock price has shown a 10-year total return of 25.7%, with the stock delivering a 10-year CAGR of approximately 2.3% based on the performance data. The ESAB India stock price continues to trade at a significant discount from its 52-week high of ₹6,425.00, standing at around ₹5,500-5,600 levels as of April 2026.

ESAB India Limited Investor Relevance and Role in Portfolio

ESAB India holds a significant position for portfolio investors who seek exposure to India’s industrial consumables sector with a focus on welding and cutting equipment. The company’s presence as a subsidiary of the global ESAB Corporation of the USA aligns it with investment strategies that value industrial manufacturing, supply chain integration, and the government’s focus on infrastructure and manufacturing growth. The ESAB India share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor infrastructure spending, capacity utilization, and raw material costs when evaluating allocation decisions.

Institutional stakeholders play a significant role in ESAB India’s ownership profile. As of March 2026, Promoters (ESAB Corporation, USA) hold 73.72% of the company. Mutual funds hold 12.70% of the company. Key mutual fund holders include SBI Funds Management Limited, Nippon Life India Asset Management Limited, and other domestic mutual funds. Foreign Institutional Investors (FIIs) hold 1.55% of the company, while Domestic Institutional Investors (DIIs) hold 0.19%. Retail and other shareholders hold 11.83% of the company. Key institutional holders include SBI Funds Management Limited, Nippon Life India Asset Management Limited, Sundaram Asset Management Company Limited, and Aditya Birla Sun Life Asset Management Company Limited. These investors represent a blend of domestic and international perspectives that contribute to the stock’s market liquidity and visibility within broader investment frameworks.

Based on data, the ESAB India share price exhibits varying levels of beta and volatility across different measurement periods. Based on data, the long-term beta stands at approximately 0.98 according to various sources, while the 1-month beta is -0.03, the 3-month beta is 0.60, the 6-month beta is 0.53, and the 3-year beta is 0.91, reflecting different measurement periods and methodologies. Based on data, the daily-one month beta shows low correlation, while the daily-three month beta indicates moderate sensitivity. Based on data, the weekly-one year beta shows moderate correlation. Based on data, the weekly-two year beta shows low correlation, and the 2 week-two year range beta is also low. Based on data, the monthly-two year beta continues to show moderate correlation. Supporting statistics include mean values across different periods and standard deviations indicating moderate variability. The weekly volatility stands at approximately 3%, which has remained stable over the last year and is lower than the broader market average. Overall, the ESAB India stock price demonstrates a moderate volatility profile with beta values suggesting the stock tends to move with moderate correlation to broader market direction over longer time frames.

The ESAB India share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The ESAB India stock price’s beta reflects that the company’s established parent company backing and global technology transfer may provide some stability, though the welding equipment sector remains sensitive to infrastructure spending cycles and raw material price fluctuations.

ESAB India Limited Sectoral Relevance and Peer Positioning

The sector relevance of ESAB India is anchored in its role within the broader Indian welding consumables and equipment industry, where it competes with other welding equipment manufacturers. As part of this industry, the company’s strategic positioning connects welding consumables, ARC welding equipment, cutting automation, robotics, and digital solutions to diverse end-user industries including shipbuilding, petrochemical, construction, transport, offshore, energy, and repair and maintenance. Competitors in the welding consumables and equipment segment include companies such as Ador Welding Limited, D & H India Limited, Panasonic Carbon, Graphite India, Rasi Electrodes, and other domestic players. In the broader industrial equipment space, global competitors include Lincoln Electric Holdings, Stanley Black & Decker, and Snap-on Inc. Firms with parallels in either product range or technological capabilities are often referenced when evaluating relative performance and operational positioning within the sector.

In valuation terms, factors like the ESAB India P/E ratio have shown variations over different periods. The current P/E ratio stands at approximately 40.2-45.55 across different sources, representing a slight premium to the industry P/E of 30.77. The mean historical P/E Ratio over the last five years has fluctuated, with the stock’s P/E ratio having changed with respect to the historical average. Periods when investors perceived improvements in profitability or earnings sustainability have corresponded with expansion in valuation multiples, whereas phases of moderation in earnings momentum or industry cyclicality have seen valuation contraction.

Similarly, ESAB India EPS has shown variation according to how operational performance aligns with industry demand cycles and cost structures. Structural gains from capacity expansion and technology up-gradation supported directional improvement in earnings per share during favourable conditions, while cyclical headwinds from raw material price volatility and competitive pressures have moderated EPS momentum. ESAB India earnings have shown a trajectory that responded to both volume growth and margin pressures over the analysed period. The diluted EPS has shown consistent growth, increasing from ₹54.77 in FY2022 to ₹88.14 in FY2023, ₹105.88 in FY2024, and ₹113.96 in FY2025. Over a ten-year period, the company demonstrated consistent improvement in EPS, with average earnings per share growth of approximately 10-15% per year. The highest EPS growth rate was achieved in 2022 and 2023, while the lowest was during periods of market disruption.

ESAB India market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive and evolving welding equipment market. Over years, the ESAB India market cap has followed a pattern of significant growth followed by moderation. The market cap increased from approximately ₹8,471 crore as of April 2026, representing a significant increase over the past five years. This growth mirrors the trend in the ESAB India share price and the broader performance of the industrial equipment sector relative to broader market indices.

ESAB India earnings over the past several years have been characterised by a period of consistent growth. Total revenue increased from ₹892.80 crore in FY2022 to ₹1,090.80 crore in FY2023, ₹1,243.32 crore in FY2024, and ₹1,373.47 crore in FY2025, representing a 5-year CAGR of approximately 15-20%. Profit After Tax increased from ₹84.31 crore in FY2022 to ₹135.68 crore in FY2023, ₹162.98 crore in FY2024, and ₹175.42 crore in FY2025, showing strong growth momentum. For the trailing twelve months (TTM) as of April 2026, revenue stood at ₹1,480 crore with net profit of ₹211 crore. The company’s gross profit margin has improved from 34.9% in FY2022 to 38.6% in FY2025, reflecting improving operational efficiency. The company has been debt-free for the last 5 years and has sufficient cash reserves to pay off contingent liabilities.

ESAB India EPS has shown variation over the past decade. The diluted EPS stood at ₹127.6 (TTM) as of April 2026 according to Value Research, while the TTM EPS as per Economic Times was ₹136.80. The EPS growth rate has shown significant variation, with the company delivering strong profit growth in recent years. According to various sources, EPS was ₹113.96 as of December 2025, with the stock’s P/E ratio at 45.55.

The ESAB India P/E ratio has shown fluctuations over the available period. At the end of recent fiscal years, the P/E ratio varied, with current levels at 40.2-45.55x across different sources, while the industry P/E stands at approximately 30.77x. The mean historical P/E ratio over the last five years has been in the range of 25-45x. The current P/E ratio compared to the historical average reflects that investor expectations are adjusting to near-term earnings momentum. The ESAB India share price has been influenced by these valuation metrics. The ESAB India stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

ESAB India Limited is a leading welding equipment manufacturer listed on both the NSE and BSE, where the ESAB India share price reflects infrastructure spending cycles, industrial demand trends, and capacity expansion within the welding equipment sector. Its representation on stock exchanges supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader industrial consumables industry themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s welding equipment manufacturing market