Esab India Limited (ESABINDIA) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Esab India Limited stock ₹1,888, price ₹5,043, that is 62.6% below the price, quality 73 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
60‑month range ₹1,688 – ₹7,151 · fair‑value band ₹1,146 – ₹2,895 · the ₹5,043 price screens above the ₹1,888 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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ESAB India Limited manufactures and sells welding and cutting equipment and consumables in India and internationally.
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The company offers gas equipment, such as cutting machines, H/VAC and plumbing, outfits, regulators, safety accessories, torches, and wear parts; arc gouging and exothermic cutting; manual plasma cutting products; filler metals, including aluminum, copper, hard facing, low alloy, mild steel, nickel, stainless steel, and other; cutting automation products comprising controls, cutting machines, gas cutting torches, plasma systems, process tools, and software; general supplies; plasma and welding equipment accessories; PPE products and accessories consisting of helmets and head protection products, gloves, clothes, eye protection products, and accessories; cobots; robotic feeders, power sources, torch cleaning stations, and torches, as well as weld data monitoring and software; standard, and air and water cooled torches; welders and wire feeders; power supplies; welding tractors; and digital solutions.
It also provides engineering, support, and consulting services.
The company sells its products under the AlcoTec, AMI, Arcair, Cigweld, Conarco, Condor, Exaton, Ewac, Firepower, Gasarc, GCE, InduSuite, Losarc, Octopuz, Soldexa, Stoody, Swift-Cut, TBi Industries, Thermal Dynamics, Thermal Dynamics Automation, Turbotorch, Tweco, Victor, and Westarco brands.
It serves nuclear welding, wind energy, petrochemical, pipeline, LNG, repair and maintenance, mobile machinery, and shipbuilding solutions industries. The company was incorporated in 1987 and is headquartered in Chennai, India.
Stock analysis
Esab India Limited (ESABINDIA) currently trades at ₹5,043, while our model-based Fair Value estimate is ₹1,888, 63% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹2,387 per share, and 0 of the 26 models we run sit above the ₹5,043 price.
Bear case: the Economic Profit group reads lowest at ₹976.33, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹1,146 (bear) to ₹2,895 (bull), the price of ₹5,043 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Esab India Limited reported revenue of ₹15.1B in FY2026 versus ₹9.0B in FY2022, a compound +13.9%/yr. Reported net income was ₹2.1B in FY2026, compounding +25.1%/yr from FY2022.
Key figures
Market cap ₹77.6B (≈ $826M) Small · P/E ratio 35.0 · P/S ratio 4.92 · EPS (TTM) ₹144.18 · Dividend yield 1.5% · Net margin 14.1% · Return on equity 52.3% · Return on assets (EBIT) 34.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −22% fair-value upside, at −63%, ESABINDIA screens richer than that median.
Fair Value models
Bear₹1,146Fair Value ₹1,888Bull₹2,895
Price ₹5,043 · Downside -62.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹42.65 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.3%
Start year 2021 (pandemic). Over 10 years: +12.8% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.5%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+25.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.7%
Dividend (yield on the price)1.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.23.7% vs 23.0%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 17%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+34.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +29.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Tools & Accessories · 132 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−62.6% · Bottom 25%
Profitability
Return on equity (12 months)52.3% · Top 25%
Return on assets29.6% · Top 25%
Net margin (12 months)14.1% · Top 25%
Operating margin (12 months)17.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)19.6% · Above median
Dividend yield (12 months)1.5% · Below median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Tools & Accessories median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Esab India Limited Fair Value". https://www.fairvalue-calculator.com/stock/ESABINDIA
Frequently asked questions
Is Esab India Limited (ESABINDIA) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of ₹1,888 versus a price of ₹5,043, about 63% lower (overvalued).
What is the fair value of ESABINDIA?
Our model-based fair value for Esab India Limited is ₹1,888 (as of Nov 11, 2026), built from audited fundamentals. The current price: ₹5,043.
What is the quality score of ESABINDIA?
Esab India Limited has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Esab India Limited (ESABINDIA)?
Our model-based price target is the fair value of ₹1,888 (as of Nov 11, 2026) from 26 valuation models. Cautious scenario ₹1,146, optimistic scenario ₹2,895. It is a calculation from audited fundamentals, not an analyst target.
What is the Esab India Limited stock forecast for 2026?
Our models put fair value at ₹1,888, about 63% lower versus a price of ₹5,043 (overvalued). Cautious scenario ₹1,146, optimistic scenario ₹2,895. The calculation is refreshed regularly with new filings.
What is the revenue of Esab India Limited (ESABINDIA)?
Esab India Limited reported trailing-twelve-month revenue of about ₹15.8B (latest available figure, as of Nov 11, 2026).
Does Esab India Limited pay a dividend?
Esab India Limited currently shows a dividend yield of 1.49% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Esab India Limited (ESABINDIA) and when is the ex-dividend date?
Esab India Limited pays a dividend of ₹75.00 per share a year, a dividend yield of 1.5%. The last ex-dividend date was Jul 23, 2026. A dividend has been paid every year since 2020. The payout ratio is 52.0% of earnings. Free cash flow covers the dividend 1.30 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Esab India Limited (ESABINDIA)?
For today's price to be fair in a discounted-cash-flow model, Esab India Limited would have to grow free cash flow by +34.8 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.3 % per year. As of Nov 11, 2026.
What discount rate (WACC) does the fair value of ESABINDIA use?
Our models discount Esab India Limited at 12.4 %: a base by market capitalisation (small), damped by beta 0.38, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Esab India Limited that is +34.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Esab India Limited (ESABINDIA) delivered so far?
Over the past 5 years revenue at Esab India Limited grew +17.3 % a year. The price currently implies free-cash-flow growth of +34.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Esab India Limited (ESABINDIA) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Esab India Limited (+34.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Esab India Limited (ESABINDIA)?
The free-cash-flow yield on the price is 1.93 %: that much free cash flow Esab India Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Esab India Limited (ESABINDIA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Esab India Limited it is ₹1,888 per share (as of Nov 11, 2026), against a price of ₹5,043. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Esab India Limited stock overvalued or undervalued in 2026?
As of Nov 11, 2026, ESABINDIA trades above its calculated fair value: price ₹5,043, fair value ₹1,888, a gap of about −63% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ESABINDIA?
No. The price is what the market pays today (₹5,043); the fair value is what the company's own numbers justify (₹1,888). For Esab India Limited the two are ₹3,155 per share apart. That gap is exactly why we show both numbers side by side.
How much is Esab India Limited worth?
The market values Esab India Limited at about ₹77.6B (market capitalisation, as of Nov 11, 2026). Per share that is ₹5,043; our models calculate a fair value of ₹1,888 per share.
What do the bullish and bearish scenarios say about ESABINDIA?
Our models span a range for Esab India Limited: cautious scenario ₹1,146, base ₹1,888, optimistic ₹2,895 per share (as of Nov 11, 2026, price ₹5,043). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ESABINDIA?
Esab India Limited trades at a price-to-earnings ratio of 35.0 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,888 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 38.3. Other multiples: P/B 18.1, P/S 4.9, EV/EBITDA 26.6.
How solid is the balance sheet of Esab India Limited (ESABINDIA)?
Balance-sheet figures for Esab India Limited (as of Nov 11, 2026): return on equity 52.3%, debt of 0.00 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is ESABINDIA from its 52-week high?
Esab India Limited trades at ₹5,043, about 29% below its 52-week high of ₹7,151 and 5% above the low of ₹4,806 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,888 is for.
Which stocks are comparable to Esab India Limited?
From the same area (Industrials) we also value Techtronic Industries Company, Snap-on Incorporated, Stanley Black & Decker, Inc, Lincoln Electric Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Esab India Limited stock attractive at the current price?
The data as of Nov 11, 2026: price ₹5,043, calculated fair value ₹1,888 (−63%), Quality Score 73/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ESABINDIA calculated?
We run Esab India Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹1,888 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Esab India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Esab India Limited (ESABINDIA)?
The closing price on Nov 9, 2026 was ₹5,043. Our model-based fair value is ₹1,888, about 63% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Esab India Limited right now?
The price sits above even our optimistic bull case (₹2,895). The favourable scenario is already priced in. Solid but not exceptional quality (73/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹1,146 to ₹2,895) leaves room in how you read the outcome.
Where does the earnings growth of Esab India Limited (ESABINDIA) come from?
Earnings per share at Esab India Limited grew +25.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +13.1 %, EBIT margin +9.2 %, tax rate +0.3 %, residual (interest, one-offs) +1.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Esab India Limited
How large is the market capitalisation of Esab India Limited (ESABINDIA)?
The market capitalisation of Esab India Limited is ₹77.6B (≈ $826M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Esab India Limited (ESABINDIA)?
The price-to-sales ratio of Esab India Limited is 4.92 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Esab India Limited (ESABINDIA)?
Earnings per share at Esab India Limited are ₹144.18 (price ÷ EPS = P/E 35.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Esab India Limited (ESABINDIA)?
The dividend yield of Esab India Limited is 1.5% (payout 52.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Esab India Limited (ESABINDIA)?
The net margin of Esab India Limited is 14.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Esab India Limited (ESABINDIA)?
The return on equity (ROE) of Esab India Limited is 52.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Esab India Limited (ESABINDIA)?
On an EBIT basis the return on assets of Esab India Limited is 34.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Esab India Limited (ESABINDIA)?
The operating margin of Esab India Limited is 17.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Esab India Limited (ESABINDIA)?
Revenue at Esab India Limited is growing +19.6% versus a year earlier (3y avg +11.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Esab India Limited (ESABINDIA)?
Earnings per share at Esab India Limited are growing +37.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Esab India Limited (ESABINDIA) hold?
Esab India Limited holds more cash than debt, ₹714M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 11, 2026