₹ 5,411.00 +42.50 (0.79%)
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Overview
- BSE Code 500133
- NSE Symbol ESABINDIA
- ISIN Demat INE284A01012
- Book Value (₹) 234.69
- Face Value (₹) 10.00
- Market Cap (₹ Cr.) 8,563.83
- P/E (TTM) 49.04
- EPS (TTM) 113.45
- Div Yield (%) 1.62
Performance
Corporate Actions
Esab India Limited - Disclosure under SEBI Takeover Regulations
Apr 18, 2025Esab India Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
About Esab India Ltd
ESAB India Ltd is one of the leading suppliers of welding and cutting products in the country. The company is engaged in the business of welding consumables which includes welding electrodes, copper coated wires and welding fluxes and of welding equipment which includes welding machines and cutting equipment. They operate significantly in the domestic market.
The company products became an integral part of industries like Shipbuilding, Petrochemical, Construction, Transport, Offshore, Energy and Repair and Maintenance. Their product range cover welding consumables, reclamation consumables, arc equipment, industrial gas equipment, cutting machines and working environment products for specialized welding, cutting and allied needs. They are having their manufacturing facilities located at Kolkata, Chennai and Nagpur.
ESAB India Ltd was formally created and deployed as a legal entity on November 10, 1987. In July 1988, the company commenced their business operation with the acquisition of the welding division of Peico Electronics & Electricals Ltd (now Philips India Ltd) located at Kalwa in Maharashtra. In the year 1991, the company executed a strategic acquisition of the entire welding division of Indian Oxygen Ltd (now widely referred to as BOC India Ltd) with three manufacturing units; two at Kolkata and one at Chennai.
In the year 1992, the company executed a strategic acquisition of the controlling interest in Flotech Welding & Cutting Systems Ltd, which was engaged in the manufacture of Cutting Machines in Pune and in the year1994, Maharashtra Weldaids Ltd merged with the company that had a manufacturing unit at Nagpur.
In the year 2003, Flotech Welding & Cutting Systems Ltd changed their name to Esab Welding & Cutting Systems Ltd in order to make appropriate use of Esab's brand name for the effective marketing of their products and in June 2004, Esab Welding & Cutting Systems Ltd ceased operations pursuant to the transfer of their operations to the company's equipment factory at Taratala.
In the year 2005, the company formally introduced a project for commissioning a new manufacturing facility at Irungattukottai near Chennai for the manufacture of Welding and Cutting Equipment and project into commercial production during the year 2006.
During the year 2007, Exelvia Group India BV executed a strategic acquisition of 18.25% of the company's shares from the public. With this acquisition, together with the existing holding of 7.31% of the company's shares by Esab Holdings Le, both being the significant shareholders and indirect subsidiaries of Charter Plc, the company became the subsidiary of Charter Plc. Also, the company executed a strategic acquisition of the remaining equity share capital of their subsidiary company, Esab Welding and Cutting Systems Ltd from Esab Cutting Systems, GmbH, Germany thereby making Esab Welding & Cutting Systems Ltd a 100% subsidiary.
In the year 2007, the company created and deployed a new facility for manufacture of Flux Cored Wires and Stick Electrodes at their site in Irungattukottai. Also, they are undertaking significant expansion of capacities at their Nagpur and Khardah plants for Wires and Electrodes and the additional capacities are expected to be in place during the financial year 2008.
In July 2008, ESAB Welding & Cutting Systems Ltd, a wholly owned subsidiary company amalgamated with the company. Also, the company proposed to expand their capacity at Nagpur plant for the production of MIG/MAG wires at a total outlay of Rs 30 crore. This expansion will be carried out in phases spreading over 3 years.
Founded | : 1987 |
Chairman | : Kelvin Johnson |
Managing Director | : Rohit Gambhir |
Address | : Plot No 13 3rd Main Road, Industrial Estate Ambattur, Chennai, Tamil Nadu, 600058, |
- PAN Card
- Cancelled Cheque
- Latest 6 month Bank Statement (Only for Derivatives Trading)