Esab India - Welding Consumable Segment To Sustain Superior Returns: ICICI Direct 
A worker welding at a factory (Photographer Luke Sharrett/Bloomberg)

Esab India - Welding Consumable Segment To Sustain Superior Returns: ICICI Direct 

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Esab India Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.