Esab India - Welding Consumable Segment To Sustain Superior Returns: ICICI Direct
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ICICI Direct Report
Esab India Ltd. is a leading player in the Indian welding consumables and equipment industry with a market share of over 23% in the domestic structural welding consumable market and approximately 30% in domestic equipment market.
It mainly operates in two segments viz. welding consumables (70%) and welding equipment (30%).
The company’s balance product portfolio, debt free status, strong global brand image and parentage (Colfax Corp.) augur well in the long run. However, there could be short-term Covid-19 impact in FY21E.
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