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 


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


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