ESAB India posts 62% YoY growth in Q1FY24 net profit to ₹42 cr. Revenue from operations up 23% YoY to ₹298 cr. Board approves ₹50 lakhs investment in SPV to generate & supply wind power. Shares close 5% higher at ₹4,878.50 on NSE.

ESAB India Q1 net jumps 62% to ₹42 crore

ESAB India Ltd, a major welding equipment company, expects macro-economic factors and global headwinds to present growth challenges in the current fiscal year. However, the company sees potential in expanding its services business. While its revenues from product contracts grew by 22% in FY23, it ai…

ESAB India foresees growth challenges amid global headwinds, focuses on services business

ESAB India shares hit a 52-week high on Monday in early trade. The Chennai-based company’s stock price rose to ₹4,710.95 on NSE, up 30% since March. The company posted a 61% growth in net profit in FY23 and total income from operations rose to ₹1,099 crore. The stock rally is in line with the overal…

ESAB India hits 52-week high; stocks rally 30% in 3 months

.65.ESAB India seeks shareholders’ approval for reappointment of Rohit Gambhir as MD for 5 yrs & related party transactions up to ₹150 cr. The company also seeks approval for purchase of raw materials, components & finished goods from ESAB Europe Gmbh, Switzerland. Shares closed 1.26% higher on NSE …

ESAB India seeks shareholder nod for reappointment of MD for 5 years

Buzzing stocks of Canara Bank, SBI, IDFC First Bank, IDFC, Tata Steel, RVNL, Lupin, Bajaj Hindusthan, BHEL, DIC India, Ganesh Housing, Vascon Engineers, Esab India, WS Industries, and RPP Infra

Stocks that will see action on March 24, 2023

With a market valuation of ₹6,317.06 Cr, Esab India Ltd. is a mid-size business that operates in the capital goods industry.

Debt free company declares ₹28 per share dividend, net profit up 91% in Q3

Esab India rose 3.72% to Rs 4028.30 after the company’s net profit rose 91.4% to Rs 36.31 crore on 18% increase in revenue from operations to Rs 267.39 crore in Q3 December 2022 over Q3 December 2021.

Esab India climbs after Q3 PAT soars 91% YoY

Esab India standalone net profit rises 91.41% in the December 2022 quarter

Mahindra CIE Automotive Ltd, Home First Finance Company India Ltd, Lloyds Steels Industries Ltd and Esab India Ltd are among the other gainers in the BSE’s ‘A’ group today, 25 January 2023.

Sharda Cropchem Ltd leads gainers in ‘A’ group

Privi Speciality Chemicals Ltd, Mahindra Logistics Ltd, Shriram Transport Finance Company Ltd and General Insurance Corporation of India are among the other losers in the BSE’s ‘A’ group today, 01 December 2022.

Esab India Ltd leads losers in ‘A’ group

Sun Pharma Advanced Research Company Ltd, Esab India Ltd, Rites Ltd and Poly Medicure Ltd are among the other gainers in the BSE’s ‘A’ group today, 29 September 2022.

Century Enka Ltd leads gainers in ‘A’ group

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

ESAB INDIA LIMITED is engaged in the business of welding consumables, such as welding electrodes, copper-coated wires, flux-cored wires and welding fluxes, and of welding equipment, such as welding machines and cutting equipment.

ESAB India Ltd