Esab India Peer Comparison

NSE: ESABINDIA | BSE: 500133

₹5,394.50

₹34.00 (0.63%)

As on 09-Oct-2026IST

Market cap

₹8,322 Cr

Revenue (TTM)

₹1,577 Cr

P/E Ratio

37.5

P/B Ratio

17.1

Div. Yield

1.4 %

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	Esab India	Shivalik Bimetal	Ador Welding	Diffusion Engineers	GEE
Market cap (₹ Cr)	8,322	6,002	2,583	1,602	601
Revenue (₹ Cr)	1,577	616	1,198	436	393
Net Profit (₹ Cr)	221.89	101.01	113.53	49.14	18.87
Net Margin (%)	14.01	16.04	9.26	10.93	4.78
RoE (%)	49.11	23.02	22.11	14.00	8.70
Price to Earnings	37.50	56.58	22.75	29.27	31.85
Price-To-Book	17.14	11.72	4.44	3.84	4.24

Income Statement (₹ Cr)

	Esab India	Shivalik Bimetal	Ador Welding	Diffusion Engineers	GEE
Operating Revenue	1,525.20	570.86	1,140.01	406.63	369.14
Total Income	1,531.23	583.13	1,172.29	422.90	370.55
Total Expenditure	1,254.84	440.14	1,031.45	350.76	335.95
EBITDA	270.36	130.72	108.56	55.87	33.19
Depreciation	17.06	13.82	19.47	6.85	3.83
EBIT	253.30	116.90	89.09	49.02	29.36
Interest	2.59	4.69	3.62	2.15	8.46
Other Income	6.03	12.27	32.28	16.27	1.41
Exceptional Items	17.26	-0.92	-2.75	-0.70	-3.34
Profit before Tax	274.00	126.92	115.00	65.04	18.97
Provision for Tax	67.31	31.06	33.02	14.63	5.97
Profit after Tax	206.69	95.86	81.98	50.41	13.00

	Esab India	Shivalik Bimetal	Ador Welding	Diffusion Engineers	GEE
Shareholder's Funds	429.38	481.35	554.45	405.05	215.01
Minority Interest	--	--	--	0.53	--
Non-Current Liabilities	15.26	30.90	163.27	6.19	23.65
Current Liabilities	244.93	123.72	285.60	98.65	75.90
Total Liabilities	698.87	635.98	1,013.15	510.43	320.38

	Esab India	Shivalik Bimetal	Ador Welding	Diffusion Engineers	GEE
Non-Current Assets	164.22	207.10	428.91	186.74	142.14
Current Assets	525.35	428.88	574.41	323.69	166.61
Total Assets	698.87	635.98	1,013.15	510.43	320.38
Total Debt*	0.00	59.39	0.85	28.62	60.96
Net Current Assets	280.42	305.15	288.81	225.04	90.70
Contingent Liabilities	24.93	8.61	36.38	0.72	14.96

	Esab India	Shivalik Bimetal	Ador Welding	Diffusion Engineers	GEE
Cash From Operating Activities	180.69	54.89	115.86	22.79	-7.81
Cash Flow from Investing Activities	-45.78	-68.41	-65.93	-40.47	21.50
Cash from Financing Activities	-142.56	-0.42	-37.90	-11.82	-13.25
Net Cash Inflow / Outflow	-7.65	-13.95	12.03	-29.49	0.44

	Esab India	Shivalik Bimetal	Ador Welding	Diffusion Engineers	GEE
ROCE (%)	69.97	26.89	22.31	16.27	13.60
ROE (%)	52.28	21.61	15.46	13.03	10.11
ROA (%)	31.15	16.76	9.01	10.56	4.13
EBIT Margin (%)	18.12	25.05	12.35	17.74	9.37
Net Margin (%)	13.50	16.44	6.99	11.92	3.51
Cash Profit Margin (%)	14.49	19.21	8.87	14.08	4.56

	Esab India	Shivalik Bimetal	Ador Welding	Diffusion Engineers	GEE
Revenue Growth (%)	9.75	12.30	1.54	21.28	10.58
EBIT Growth (%)	9.39	22.68	15.08	27.89	3,041.81
Net Profit Growth (%)	17.83	24.40	36.52	39.87	240.67
EPS Growth (%)	17.83	24.40	36.52	40.14	240.68
Book Value Growth (%)	18.86	18.66	9.19	9.77	10.54

	Esab India	Shivalik Bimetal	Ador Welding	Diffusion Engineers	GEE
Price / Earnings	36.90	23.37	18.54	18.52	21.59
Price / Book Value	17.76	4.65	2.75	2.30	2.08
Dividend Yield (%)	1.51	1.03	2.63	0.60	0.00
EV/EBITDA	27.32	15.35	10.14	11.96	9.85
Market Cap (₹ Cr)	7,625.85	2,239.94	1,519.98	931.91	280.62

	Esab India	Shivalik Bimetal	Ador Welding	Diffusion Engineers	GEE
Debt to Equity	0.00	0.12	0.00	0.07	0.45
Short term debt to equity ratio	--	0.09	--	0.07	0.17
Current Ratio	2.14	3.47	2.01	3.28	2.20
Quick Ratio	1.57	2.23	1.48	2.53	1.01
Interest Coverage	106.79	28.05	32.77	31.29	3.24

	Esab India	Shivalik Bimetal	Ador Welding	Diffusion Engineers	GEE
Debtors to sales (%)	16.66	27.25	20.35	31.52	14.91
Asset Turnover	2.33	1.00	1.26	0.85	1.17
Receivable days	56.77	85.37	67.78	95.59	48.85
Inventory Days	32.07	90.87	44.47	63.71	83.73
Payable days	83.42	55.07	81.97	60.69	33.15
Cash Conversion Cycle	5.42	121.17	30.28	98.61	99.43

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.