Fundamental Analysis
ESAB INDIA LTD
Ticker : 500133
BUY: Rs 2429.70
Target: Rs 2700

ESAB is a world leader in the production of welding as well as cutting equipment and consumables. On the standalone quarterly front, the company recorded a robust increase of 45.75 per cent in the net sales & operating income, which stood at Rs 181.18 crore for Q1FY22 as compared to the net sales and operating income of Rs 124.31 crore reported for Q1FY21. The operating profit stood at Rs 30.07 crore in Q1FY22, gaining strongly from Rs 12.81 crore posted in Q1FY21. The company's net profit was recorded at Rs 43.16 crore in Q1FY22, improving significantly from Rs 7.17 crore earned in Q1FY21. The company is expected to further strengthen its leadership position through value-added new product offerings, penetrating automation and robotics products in the welding industry, which will drive growth. Hence, we recommend BUY.