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Esab India (ESABINDIA)₹5,043−0.11%Other Industrial Products
In the Mar 2026 quarter (standalone), Esab India reported sales of ₹397 Cr, up 7.7% from Mar 2025, and net profit of ₹44.19 Cr, down 6.2% year on year. For the year to Mar 2026, sales were ₹1,511 Cr and net profit ₹208 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 298 | 304 | 301 | 341 | 330 | 340 | 337 | 368 | 352 | 382 | 379 | 397 |
| Expenses | 240 | 249 | 248 | 279 | 268 | 277 | 282 | 302 | 293 | 309 | 303 | 332 |
| Operating Profit | 57.98 | 54.01 | 53.96 | 62.04 | 62.03 | 61.04 | 54.99 | 65.99 | 59.01 | 72.03 | 76.02 | 63.03 |
| OPM % | 18.9% | 17.9% | 18.0% | 18.0% | 19.0% | 18.0% | 15.9% | 17.9% | 17.0% | 19.0% | 19.9% | 16.0% |
| Other Income | 3.01 | 2.01 | 1.01 | 1.01 | 1.01 | 1.01 | 3.01 | 2.01 | 1.01 | 33.03 | −13.02 | 2.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 0.00 | 1.01 | 0.00 |
| Depreciation | 2.99 | 2.99 | 3.99 | 3.99 | 2.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 |
| Profit before tax | 57.02 | 52.04 | 51.05 | 60.02 | 59.99 | 59.05 | 55.03 | 63.04 | 55.03 | 101 | 57.99 | 60.04 |
| Tax % | 25.0% | 26.0% | 26.1% | 26.0% | 26.0% | 27.1% | 26.1% | 24.0% | 26.0% | 22.0% | 26.1% | 27.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 24.13 | −9.30 | 0.00 |
| Net Profit | 42.13 | 38.13 | 38.11 | 44.15 | 44.13 | 43.16 | 40.17 | 47.13 | 41.13 | 79.25 | 43.17 | 44.19 |
| EPS (Rs) | 27.60 | 25.01 | 24.69 | 28.82 | 28.92 | 28.08 | 26.30 | 30.88 | 26.67 | 51.54 | 28.00 | 28.33 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 452 | 466 | 544 | 673 | 699 | 682 | 898 | 1,093 | 1,245 | 1,375 | 1,511 | 1,511 |
| Expenses | 405 | 422 | 490 | 592 | 601 | 597 | 774 | 903 | 1,012 | 1,129 | 1,236 | 1,237 |
| Operating Profit | 44.97 | 43.99 | 52.01 | 79.02 | 97.04 | 82.97 | 121 | 187 | 229 | 245 | 270 | 270 |
| OPM % | 9.9% | 9.0% | 10.0% | 12.0% | 13.9% | 12.0% | 12.9% | 16.9% | 18.0% | 17.9% | 18.0% | 17.9% |
| Other Income | 6.01 | 4.01 | 11.02 | 16.02 | 14.01 | 11.01 | 5.01 | 8.01 | 6.01 | 8.01 | 23.02 | 23.03 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 2.01 | 1.01 | 0.00 | 2.01 | 2.01 | 3.01 | 2.02 |
| Depreciation | 9.99 | 9.98 | 9.99 | 10.99 | 12.98 | 11.98 | 10.98 | 11.99 | 13.98 | 14.98 | 16.99 | 15.96 |
| Profit before tax | 41.04 | 38.03 | 52.98 | 84.03 | 97.05 | 81.06 | 114 | 182 | 220 | 236 | 274 | 274 |
| Tax % | 31.1% | 29.0% | 29.0% | 32.0% | 27.1% | 26.0% | 26.0% | 26.0% | 26.0% | 26.0% | 25.1% | — |
| Exceptional items | −0.99 | −3.99 | −0.99 | 0.00 | 0.00 | 0.99 | 0.99 | 1.99 | 0.99 | 0.99 | 13.96 | 14.83 |
| Net Profit | 28.08 | 27.10 | 37.12 | 58.20 | 71.29 | 59.20 | 84.28 | 136 | 164 | 176 | 208 | 208 |
| EPS (Rs) | 18.43 | 17.50 | 24.16 | 37.47 | 46.46 | 38.62 | 54.88 | 88.30 | 106.14 | 114.24 | 134.49 | 134.54 |
| Dividend payout % | 5.0% | 6.1% | 4.0% | 241.1% | 151.1% | 114.1% | 110.0% | 88.1% | 81.0% | 79.1% | 56.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15.03 | 15.03 | 15.02 | 15.02 | 15.02 | 15.03 | 15.04 | 15.02 | 15.02 | 15.04 | 15.02 | 15.04 |
| Reserves | 275 | 300 | 328 | 364 | 252 | 323 | 245 | 229 | 246 | 292 | 346 | 415 |
| Borrowings | 0.00 | 0.00 | 0.99 | 0.00 | 0.00 | 5.01 | 3.01 | 2.99 | 4.01 | 5.01 | 4.01 | 3.01 |
| Other Liabilities | 79.99 | 70.14 | 84.74 | 102 | 112 | 116 | 126 | 189 | 210 | 240 | 285 | 266 |
| Total Liabilities | 370 | 387 | 429 | 481 | 379 | 459 | 389 | 437 | 475 | 552 | 650 | 700 |
| Fixed Assets | 83.10 | 77.99 | 76.05 | 80.07 | 83.02 | 86.04 | 90.02 | 90.05 | 94.99 | 125 | 136 | 148 |
| CWIP | 0.99 | 4.99 | 6.99 | 7.98 | 2.99 | 6.99 | 2.99 | 2.99 | 19.97 | 3.99 | 8.99 | 5.99 |
| Investments | 122 | 120 | 147 | 125 | 30.06 | 70.18 | 41.05 | 31.04 | 0.00 | 0.00 | 24.04 | 44.08 |
| Other Assets | 163 | 183 | 198 | 270 | 262 | 295 | 256 | 313 | 360 | 422 | 481 | 503 |
| Inventories | 54.17 | 58.23 | 63.23 | 73.29 | 68.22 | 78.32 | 73.29 | 105 | 123 | 111 | 132 | 142 |
| Trade receivables | 44.08 | 45.08 | 47.15 | 59.11 | 64.17 | 85.18 | 99.23 | 135 | 152 | 189 | 227 | 255 |
| Cash & equivalents | 34.88 | 34.88 | 40.90 | 63.82 | 55.82 | 99.76 | 41.84 | 44.87 | 55.82 | 86.72 | 78.76 | 74.77 |
| Total Assets | 370 | 387 | 429 | 481 | 379 | 459 | 389 | 437 | 475 | 552 | 650 | 700 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 16.06 | 18.04 | 36.12 | 30.10 | 67.26 | 57.20 | 72.20 | 85.34 | 129 | 141 | 200 | 181 |
| Cash from investing activity | −12.01 | −8.99 | −23.01 | 9.01 | 102 | −120 | 66.04 | 20.01 | 5.01 | −55.04 | −15.01 | −46.01 |
| Cash from financing activity | −1.99 | −1.99 | −1.99 | −40.91 | −163 | 38.90 | −139 | −102 | −122 | −80.79 | −157 | −143 |
| Net cash flow | 3.01 | 6.99 | 12.01 | −2.01 | 5.99 | −23.98 | 0.00 | 2.99 | 12.01 | 5.01 | 27.01 | −7.99 |
| Capex | 5.99 | 10.98 | 14.99 | 16.98 | 11.99 | 19.98 | 9.98 | 10.98 | 33.96 | 27.95 | 27.99 | 31.96 |
| Free cash flow | 11.02 | 8.02 | 22.04 | 13.02 | 56.06 | 37.04 | 62.10 | 74.07 | 98.20 | 115 | 171 | 150 |
| CFO / OP % | 62.9% | 67.9% | 109.9% | 88.9% | 114.9% | 84.0% | 113.9% | 93.9% | 91.9% | 86.9% | 105.9% | 95.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 29 | 37 | 37 | 40 | 35 | 44 | 53 | 55 | 51 | 55 | 60 | 61 |
| Inventory days | 56 | 77 | 78 | 77 | 59 | 67 | 62 | 69 | 68 | 56 | 60 | 59 |
| Days payable | 57 | 57 | 72 | 79 | 72 | 75 | 81 | 94 | 83 | 66 | 88 | 87 |
| Cash conversion cycle | 29 | 58 | 44 | 39 | 22 | 37 | 35 | 31 | 37 | 46 | 33 | 35 |
| Working capital days | 21 | 38 | 33 | 66 | 47 | 39 | 45 | 29 | 29 | 24 | 25 | 39 |
| ROCE % | 15.0% | 14.0% | 13.0% | 15.0% | 26.0% | 32.0% | 27.0% | 44.0% | 71.0% | 77.0% | 70.0% | 65.0% |
For the Mar 2026 quarter, Esab India reported sales of ₹397 Cr, up 7.7% year on year and net profit of ₹44.19 Cr, down 6.2% year on year. The operating margin was 16.0%.
Esab India's sales for the year to Mar 2026 were ₹1,511 Cr; over the last twelve months they were ₹1,511 Cr.
Net profit for the year to Mar 2026 was ₹208 Cr, and ₹208 Cr over the last twelve months. Earnings per share over the same trailing period were ₹134.54.
Esab India reported borrowings of ₹3.01 Cr at Mar 2026, against cash and equivalents of ₹74.77 Cr.
Cash from operations was ₹181 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹150 Cr.