ESAB India Limited (ESABINDIA) Fair Value & Analysis
Industrials · IN · Market cap ₹93.1B
Fair value as of: Aug 20, 2026
From 24 valuation models · updated today
Share price +2.9% over the past month.
A solid business, but screening 62% overvalued on our models.
What matters now
- A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (₹3,398). The favourable scenario is already priced in.
- A fairly wide model range (₹1,317 to ₹3,398) 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 20, 2026.
How to read this chart
60‑month range ₹1,613 – ₹7,132 · fair‑value band ₹1,317 – ₹3,398 · the ₹6,050 price screens above the ₹2,306 fair value. Dashed = 300-day average. As of Aug 20, 2026.
Analysis
ESAB India Limited (ESABINDIA) currently trades at ₹6,050, while our model-based Fair Value estimate is ₹2,306, implying the stock looks roughly 61.9% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Industrials 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 ₹14.4B at a net margin of 14.5%. Revenue grew 12.7% year over year. It earns a return on equity of 54.4%. The stock trades on a trailing P/E of 44.7. Fundamentals as of Aug 20, 2026
Our scenario range runs from ₹1,317 (bear case) to ₹3,398 (bull case); at ₹6,050, 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 17% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -43% fair-value upside, at -62%, ESABINDIA 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 24 models by family
Widest divergence: Growth Earnings (₹2,614) versus Asset-Based (₹186.89). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 72 · Market factors (momentum, volatility) 59
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 and consumables in India. It offers gas equipment; Arc gouging and exothermic cutting; welding automation; robotics; filler metals; digital solutions; 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 and consumables in India. It offers gas equipment; Arc gouging and exothermic cutting; welding automation; robotics; filler metals; digital solutions; arc welding equipment; plasma cutting equipment; and cutting automation products, as well as PPE products and accessories, including helmets and head protection, gloves, clothes, eye protection products, and accessories. The company sells its products under the AlcoTech, AMI, Arcair, Conarco, Exaton, Gasarc, Losarc, Soldexa, Stoody, Thermal Dynamics, Turbotorch, Tweco, Victor, West Arco, Ewac, Cigweld, Condor, InduSuite, Firepower, GCE, Octopue, and TBi Industries brand names. It exports its products and services to Australia, Bangladesh, Brazil, Bhutan, the Chez Republic, China, Dubai, Sri Lanka, Nepal, the Middle East, Korea, Mongolia, Hong Kong, Taiwan, Indonesia, Malaysia, Nigeria, the Philippines, Poland, Russia, Saudi Arabia, Singapore, Tanzania, Thailand, Egypt, Vietnam, Italy, Kenya, Germany, Sweden, Switzerland, and the United States of America. ESAB India Limited serves the wind energy, petrochemical, pipeline, LNG, repair and maintenance, mobile machinery, and shipbuilding solution industries. The company was incorporated in 1987 and is based in Chennai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
ESAB India Limited reported revenue of ₹15.0B in FY2026 versus ₹8.9B in FY2022, a compound +14.1%/yr. Reported net income was ₹2.1B in FY2026, compounding +25.1%/yr from FY2022.
ESABINDIA screens 62% overvalued. Compare with Techtronic Industries Company →
Peer Group
Tools & Accessories · 124 stocks
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.
Valuation Multiples vs Tools & Accessories median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Techtronic Industries Company 0669 | HK$138.50 | HK$78.56 | -43% |
| Snap-on Incorporated SNA | $408.44 | $344.67 | -16% |
| RBC Bearings Incorporated RBC | $555.65 | $179.94 | -68% |
| Lincoln Electric Holdings LECO | $286.97 | $151.86 | -47% |
| Stanley Black & Decker, Inc SWK | $102.90 | $52.80 | -49% |
| AB SKF (publ) SKFB | kr 265.10 | kr 192.57 | -27% |
| The Timken Company TKR | $130.25 | $64.85 | -50% |
| The Toro Company TTC | $97.92 | $69.71 | -29% |
| Hangzhou Greatstar Industrial Co 002444 | ¥30.08 | ¥30.38 | +1% |
| Hiwin Technologies Corporation 2049 | 381.00 TWD | 73.32 TWD | -81% |
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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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