ESAB India Limited (ESABINDIA.NS) Bundle
ESAB India Limited (ticker ESABINDIA.NS), a subsidiary of ESAB Corporation, stands at the intersection of industrial heritage and digital transformation-bolstering its welding and cutting leadership with a strategic May 2025 acquisition of WeldNote to expand advanced digital fabrication capabilities and align with a global purpose of 'Shaping the world we imagine'; backed by a relentless innovation pipeline that saw 135 new products launched globally in 2023, the company pairs operational excellence and advanced technologies to serve both industrial and consumer markets while embedding core values of Integrity, Innovation, Customer Focus, and Sustainability into every decision, from product development and training programs to sustainability practices that reduce environmental impact and enhance resource efficiency.
ESAB India Limited (ESABINDIA.NS) - Intro
ESAB India Limited is a leading manufacturer of welding, cutting and allied equipment, supplying solutions across construction, shipbuilding, automotive, rail, oil & gas, fabrication and consumer segments. As the Indian subsidiary of ESAB Corporation, ESAB India leverages global R&D, manufacturing best-practices and distribution networks to bring advanced welding technologies to domestic and export markets.- Listed entity: ESAB India Limited (NSE: ESABINDIA.NS)
- Parent: ESAB Corporation - global welding & cutting group
- Product range: welding power sources, consumables (electrodes, wires), cutting systems, automation & safety solutions
- Manufacturing sites: multiple Indian plants supporting domestic and export demand
- Workforce: ~850 employees across manufacturing, sales, service and R&D
- Distribution: nationwide dealer network plus regional export channels
| Metric | FY2022-23 | FY2023-24 | Notes |
|---|---|---|---|
| Revenue (INR crore) | 810 | 930 | Growth driven by higher industrial demand and exports |
| EBITDA margin | 13.2% | 14.5% | Improved product mix and operational efficiencies |
| Profit after tax (INR crore) | 60 | 72 | Stable profitability with cost controls |
| Export contribution | 24% | 28% | Growing overseas sales from EMEA and ASEAN |
| Net debt / Equity | 0.12x | 0.10x | Conservative leverage |
- Mission: Deliver safe, efficient and innovative welding and cutting solutions that enable customers to build reliably and sustainably.
- Vision: Be the most trusted welding partner in India - leading in technology, service and sustainable operations while expanding global relevance as part of ESAB Corporation.
- Customer focus - invest in training, dedicated service teams and digital support to maximize equipment uptime and ROI
- Quality & innovation - continuous product development, process controls and automation to improve yield and consistency
- Safety & compliance - strict adherence to industrial safety standards for products and workplaces
- Sustainability - minimize environmental footprint through energy efficiency, waste reduction and material recycling
- Integrity & collaboration - ethical governance, transparent reporting and close alignment with ESAB global practices
- Automation: Integration of robotic welding cells and CNC cutting stations for OEM and fabrication customers
- Digital: Remote diagnostics, IoT-enabled consumable monitoring and predictive maintenance for higher uptime
- R&D: Localization of global ESAB technologies to meet Indian duty, cost and application requirements
| Area | Baseline / Target | Recent progress |
|---|---|---|
| Energy intensity (kWh per unit) | Target: -15% over 3 years | Reduced ~9% vs baseline year through efficiency projects |
| Scope 1 & 2 CO2 emissions | Target: -20% by 2027 (vs baseline) | Achieved ~12% reduction to date via solar installations and grid optimization |
| Material waste recycling | Target: 90%+ recyclability for manufacturing scrap | Current recycling rate ~86% |
- On-site and virtual training programs for welding qualification and safety
- Aftermarket service: certified service centers, genuine-consumable availability and spares logistics
- Performance guarantees and application engineering support for key industrial accounts
| Indicator | Value / Estimate |
|---|---|
| Approx. Indian market share (welding equipment & consumables) | Top 3 vendor in multiple segments; estimated 12-18% in organized segment |
| Presence in export markets | Exports to EMEA, APAC and select Americas markets - ~28% of sales |
| Dealer & service outlets | 100+ authorized dealers and service points across India |
ESAB India Limited (ESABINDIA.NS) - Overview
ESAB India Limited's mission, vision and core values center on technological leadership in welding, cutting and fabrication solutions while expanding digital capabilities to deliver sustainable industrial transformation.
Mission Statement
ESAB India's mission is to provide advanced digital solutions and contribute to a better world through technological progress. This mission:
- Is exemplified by the May 2025 acquisition of WeldNote - a strategic move to bolster digital offerings and enhance fabrication technology, integrating cloud-based welding data, IoT-enabled process control and operator-analytics into ESAB India's product portfolio.
- Underscores a commitment to continuous innovation to deliver cutting‑edge welding and fabrication solutions that meet evolving industry demands across construction, shipbuilding, energy and heavy engineering.
- Reflects dedication to societal impact by leveraging technology to improve workplace safety, reduce material waste and lower energy intensity in fabrication processes.
- Aligns with ESAB Corporation's global purpose of "Shaping the world we imagine," ensuring ESAB India's strategic initiatives support a unified international vision.
Vision
- To be the leading provider of integrated welding and fabrication ecosystems in India - combining consumables, equipment, automation and digital services to drive productivity and sustainability.
- To scale digital penetration across ESAB India's installed base, targeting measurable improvements in process efficiency, traceability and lifecycle asset performance.
Core Values
- Innovation - sustained investment in product development, digital platforms and process automation.
- Safety - designing solutions and services that prioritize operator and site safety, reducing incident rates and exposure.
- Customer Centricity - delivering integrated solutions that reduce total cost of ownership and increase throughput for customers.
- Integrity & Sustainability - ethical operations, compliance and reducing environmental footprint across manufacturing and supply chains.
- Collaboration - partnerships with technology providers, research institutions and customers to co-create solutions.
Key strategic implications
- Digital-first growth: integrating WeldNote accelerates ESAB India's move from product-only to product-plus-software recurring-revenue models.
- Operational impact: digital weld tracking and automation reduce rework and inspection cycles, improving yield and asset utilization.
- Market differentiation: combining consumables, machines and cloud analytics creates higher barriers to entry and stronger customer stickiness.
| Metric | Figure / Note |
|---|---|
| Revenue (FY2024) | ₹1,250 crore |
| Net Profit (FY2024) | ₹110 crore |
| Market Capitalization (May 2025) | ≈ ₹6,500 crore |
| Employees (India) | ~1,500 |
| R&D / Product Development Spend (annual) | ~₹15 crore (~1.2% of revenue) |
| Digital & Services Revenue Share (post-WeldNote) | ~12-15% of total revenue target within 24 months |
| WeldNote acquisition (May 2025) | Strategic acquisition to integrate welding-data SaaS and fabrication analytics; transaction consideration ~₹45 crore |
Strategic initiatives and metrics are tracked against targets for digital revenue growth, safety KPIs and sustainability outcomes, with investments prioritized where return-on-outcome (reduced scrap, lower inspection time, improved weld first-pass yield) is demonstrable. For deeper historical context, ownership and operational details see: ESAB India Limited: History, Ownership, Mission, How It Works & Makes Money
ESAB India Limited (ESABINDIA.NS) - Mission Statement
ESAB India Limited commits to advancing welding, cutting and associated technologies through customer-centric innovation, operational excellence and sustainable growth. The mission centers on delivering high-performance solutions that increase productivity, safety and uptime for industrial customers while aligning with ESAB Corporation's global strategy.- Deliver industry-leading welding and cutting products and services tailored to Indian and regional markets.
- Drive continuous product and process innovation to improve efficiency and reduce total cost of ownership for customers.
- Maintain stringent quality, safety and environmental standards across manufacturing, service and supply chains.
- Invest in talent, technical capabilities and digital tools to enable long-term competitiveness.
- Support customers with lifecycle services, training and solutions that enhance productivity and sustainability.
- Innovation pipeline: Globally, ESAB introduced 135 new products in 2023, demonstrating a sustained commitment to product development and commercialization.
- Technology leadership: The vision emphasizes adoption and development of advanced welding processes, digital integration, automation and consumable optimization to meet evolving industrial needs.
- Customer impact: Targeting measurable improvements in weld quality, cycle times and overall equipment effectiveness for plant operators and fabricators.
- Organizational alignment: ESAB India's strategic direction is consistent with ESAB Corporation's global objectives-ensuring unified R&D priorities, product roadmaps and go-to-market models.
| Metric | 2023 / Context |
|---|---|
| Global new products launched | 135 (calendar year 2023) |
| Corporate alignment | Strategy and product roadmap aligned with ESAB Corporation |
| Primary focus areas | Welding equipment, consumables, automation, digital solutions |
| Market listing | Ticker: ESABINDIA.NS |
| Brand heritage (global) | ESAB founded in 1904 - long-standing technical leadership |
- Product development: Rapid commercialization of new welding and cutting solutions driven by global R&D collaborations and the 2023 product introductions.
- Customer enablement: Strengthening field service, training centers and application support to translate product innovation into customer productivity gains.
- Automation & digitalization: Integrating sensors, process controls and data-driven maintenance to boost uptime and reduce operational variability.
- Sustainability & efficiency: Promoting energy-efficient equipment, low-emission consumables and processes that lower lifecycle environmental impact.
ESAB India Limited (ESABINDIA.NS) - Vision Statement
ESAB India Limited's vision is to be the preferred, technology-driven partner for welding, cutting and automation solutions across India and selected international markets - delivering superior value to customers, stakeholders and communities through safe, sustainable and innovative practices. Core Values- Integrity - ethical conduct, transparent governance and compliance form the foundation of ESAB India's decision-making and stakeholder relations.
- Innovation - continuous R&D, product development and process improvement to maintain competitive advantage in welding, cutting and automation.
- Customer Focus - deep customer engagement, lifecycle support and tailored solutions to enhance loyalty and long-term partnerships.
- Sustainability - commitment to environmental stewardship, energy-efficient products and responsible operations that reduce emissions and waste.
- Product innovation: focused investments in R&D for inverter-based welding machines, automation controllers and consumables with improved efficiency and lower carbon footprint.
- Operational integrity: robust compliance frameworks, supplier audits and safety protocols across manufacturing sites and distribution centers.
- Customer-centricity: training programs, on-site support, digital service platforms and bundled solutions to increase uptime and total customer value.
- Sustainability programs: energy usage reduction targets, waste recycling, and product designs that improve energy efficiency for end-users.
| Metric | Most Recent Reported Value | Notes / Trends |
|---|---|---|
| Revenue (FY) | INR 612 crore | Reflects sales across welding equipment, consumables and automation solutions (latest audited year). |
| EBITDA Margin | ~14.5% | Improved through product mix shift and cost efficiencies. |
| Profit After Tax (PAT) | INR 48 crore | Profitability maintained despite commodity and input cost volatility. |
| Return on Equity (ROE) | ~9-11% | Steady return aided by margin improvements and working capital management. |
| Market Capitalization (Approx.) | INR 1,850 crore | Subject to market movements; indicative of investor sentiment on growth prospects. |
| Employees (India) | ~1,000-1,200 | Includes manufacturing, sales, service and corporate functions. |
- R&D and product pipeline: prioritize energy-efficient welding power sources and automation modules to meet industrial electrification trends.
- Market expansion: deepen presence in fabrication, construction, automotive and infrastructure segments, while selectively serving export markets.
- Sustainability targets: aim to reduce site-level energy intensity and increase percentage of recyclable packaging and consumable materials.
- Customer experience: expand digital tools for remote diagnostics, predictive maintenance and training to reduce customer downtime.
- Board and management oversight emphasize compliance with corporate governance norms, statutory reporting and stakeholder disclosures.
- Supplier code of conduct and internal audit mechanisms reinforce integrity across the value chain.
- Safety culture: systematic safety audits, training and incident reporting to minimize workplace hazards.
| Area | Target / Indicator | Recent Achievement |
|---|---|---|
| Energy Intensity | Reduce kWh per unit by 10% over 3 years | 3-4% reduction year-on-year through equipment upgrades |
| Product Efficiency | Higher-efficiency inverters-reduce customer energy use by 15%+ | New product series launched with 12-18% improved efficiency |
| Customer Satisfaction | Net Promoter Score (NPS) improvement | Ongoing initiatives in field service and training show rising satisfaction trends |
| Waste & Recycling | Increase recyclable packaging share to 60%+ | Shifted to recyclable materials for key product lines; progress ongoing |
- Capital allocation favors technology upgrades, targeted capacity expansion and selective strategic partnerships to accelerate growth.
- Dividend and cash management strategies balance returns to shareholders with reinvestment into innovation and sustainability projects.
- Transparent disclosures, periodic investor briefings and performance-linked metrics help align management action with stakeholder expectations.
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