ESAB India Limited (500133) Fair Value & Analysis
Industrial Goods · IN · Market cap ₹20.3B
Fair value as of: Aug 14, 2026
From 26 valuation models · updated 5 days ago
Share price +9.6% over the past month.
A solid business, but screening 66% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹2,788). The favourable scenario is already priced in.
- Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹1,392 to ₹2,788) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.
How to read this chart
60‑month range ₹1,613 – ₹7,132 · fair‑value band ₹1,392 – ₹2,788 · the ₹6,186 price screens above the ₹2,116 fair value. Dashed = 300-day average. As of Aug 14, 2026.
Analysis
ESAB India Limited (500133) currently trades at ₹6,186, while our model-based Fair Value estimate is ₹2,116, implying the stock looks roughly 65.8% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Industrial Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, ESAB India Limited generated revenue of ₹6.4B at a net margin of 9.5%. Revenue declined 3.8% year over year. It earns a return on equity of 21.8%. The stock trades on a trailing P/E of 34.3 (as of Aug 14, 2026). Fundamentals as of Aug 14, 2026
Our scenario range runs from ₹1,392 (bear case) to ₹2,788 (bull case); at ₹6,186, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 33% above its 52-week low. For context, the median of 10 Industrial Goods peers we cover trades at -27% fair-value upside, at -66%, 500133 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (₹2,755) versus Asset-Based (₹157.24). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 61
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
ESAB India Limited manufactures and sells welding and cutting equipment in India. The company offers gas equipment; arc gouging and exothermic cutting; welding automation and robotics; ESAB digital solutions; filler metals; arc welding equipment; plasma cutting equipment; and cutting automation products, as well as PPE products and accessories, including …
Full company description
ESAB India Limited manufactures and sells welding and cutting equipment in India. The company offers gas equipment; arc gouging and exothermic cutting; welding automation and robotics; ESAB digital solutions; filler metals; arc welding equipment; plasma cutting equipment; and cutting automation products, as well as PPE products and accessories, including helmets and head protection, gloves, clothes, and eye protection products. Its products are used in shipbuilding, petrochemical, construction, transport, offshore, energy, and general engineering industries, as well as repair and maintenance of steel, mills, cement, sugar industries, etc. The company sells its products under the Arcair, Exaton, GASARC, Stoody, TBI Industries, Thermal Dynamics, Tweco, and Victor brand names. It serves in Qatar, Bangladesh, Ecuador, Vietnam, Dubai, Indonesia, Srilanka, Malaysia, Australia, Thailand, the Kingdom of Saudi Arabia, the Philippines, Singapore, South Africa, Sweden, China, Switzerland, Peru, and the United States markets. The company was founded in 1987 and is headquartered in Chennai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ESAB India Limited reported revenue of ₹13.7B in FY2025 versus ₹6.8B in FY2021, a compound +19.2%/yr. Reported net income was ₹1.8B in FY2025, compounding +31.2%/yr from FY2021.
500133 screens 66% overvalued. Compare with Frontier Springs Limited →
Peer Group
Industrials · 5383 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Machine Tools & Accessories” was too small, so the broader sector is used.)
Valuation Multiples vs Industrials median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Machine Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Frontier Springs Limited 522195 | ₹1,510 | ₹190.81 | -87% |
| DHP India Limited 531306 | ₹533.30 | ₹466.45 | -13% |
| Fluidomat Limited 522017 | ₹898.65 | ₹515.90 | -43% |
| Austin Engineering Company 522005 | ₹122.40 | ₹161.49 | +32% |
| Solitaire Machine Tools Limited 522152 | ₹108.60 | ₹62.19 | -43% |
| Rasi Electrodes Limited 531233 | ₹12.38 | ₹16.39 | +32% |
| Hittco Tools Limited 531661 | ₹11.33 | ₹15.35 | +35% |
| Shree Cement Limited 500387 | ₹25,410 | ₹4,548 | -82% |
| Siemens Limited 500550 | ₹4,019 | ₹892.67 | -78% |
| Bharat Electronics Limited 500049 | ₹404.00 | ₹294.84 | -27% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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