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ESABINDIA · Industrials · 2026-08-21

ESAB India Ltd

Stage 3 · wk 1In scan: Prop Scan · Pullback Hunter · Breakout WatchMARKET: BULL RISING · 2026-08-21
₹6,210
+0.91% today
₹9,559 Cr · Mid cap
About this companyIndustrials· Industrial Machinery
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ESAB India Limited manufactures and sells welding and cutting equipment and consumables in India and internationally. The company offers gas equipment, such as cutting machines, H/VAC and plumbing, outfits, regulators, safety accessories, torches, and wear parts; arc gouging and exothermic cutting; manual plasma cutting products; filler metals, including aluminum, copper, hard facing, low alloy, mild steel, nickel, stainless steel, and other; cutting automation products comprising controls, cutting machines, gas cutting torches, plasma systems, process tools, and software; general supplies; plasma and welding equipment accessories; PPE products and accessories consisting of helmets and head protection products, gloves, clothes, eye protection products, and accessories; cobots; robotic feeders, power sources, torch cleaning stations, and torches, as well as weld data monitoring and software; standard, and air and water cooled torches; welders and wire feeders; power supplies; welding tractors; and digital solutions. It also provides engineering, support, and consulting services. The company sells its products under the AlcoTec, AMI, Arcair, Cigweld, Conarco, Condor, Exaton, Ewac, Firepower, Gasarc, GCE, InduSuite, Losarc, Octopuz, Soldexa, Stoody, Swift-Cut, TBi Industries, Thermal Dynamics, Thermal Dynamics Automation, Turbotorch, Tweco, Victor, and Westarco brands. It serves nuclear welding, wind energy, petrochemical, pipeline, LNG, repair and maintenance, mobile machinery, and shipbuilding solutions industries. The company was incorporated in 1987 and is headquartered in Chennai, India.

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P/E (TTM)
51.4
Forward —
Earnings Growth (YoY)
+6.5%
Revenue +12.2%
Dividend Yield
1.64%
P/B 25.9
vs 52W High
-13.2%
₹4,718.2 lo₹7,150.5 hi
13.2% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 1
1w13w26w
Week 1 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
7.6%
200 DMA: ₹5,771.5 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.73x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↑ ⇈
Accelerating · MA20 +3.3% vs MA50 -3.4% / 10d
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
Sector
Industrials
↑ Building
Stage 2%
37.6%
20d Δ
+1.4pp
1M return
+4.5%
3M return
+8.2%
Sector Stage-2 % · last 20 days
Sector has 162 Stage 2 leaders. See Industrials Stage 2 →
Industry
Industrial Machinery
→ Flat
Stage 2%
50.0%
20d Δ
+0.0pp
1M return
+2.0%
3M return
+9.5%
Industry Stage-2 % · last 20 days
Industry has 41 Stage 2 leaders. See Industrial Machinery Stage 2 →
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-26 → 2026-08-21
S2 30w
S2 16w
S3 15w
S4 17w
2023-05-262026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S4 2w → S1 3w → S2 30w → S3 10w → S4 6w → S1 4w → S2 16w → S3 15w → S4 17w → S1 11w → S2 7w → S3 9w → S2 13w → S3 9w → S2 10w → S3 4w → S4 1w → S3 1w current
Total tracked: 168 weeks across 18 stage runs.
1M
+8.5%
3M
-12.0%
6M
+14.0%
YTD
+2.4%
1Y
+23.6%
Scan Membership
Prop Scan
Latest: 2026-06-02
Pullback Hunter
Latest: 2026-06-02
Breakout Watch
Latest: 2026-05-04
26 appearances in last 60 days. First seen: 2024-06-20.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-21S3
Wk 1 · Vol x
2026-08-20S3
Wk 1 · Vol x
2026-08-19S3
Wk 1 · Vol x
2026-08-18S34→3
Wk 1 · Vol x
2026-08-17S4
Wk 1 · Vol x
2026-08-14S4
Wk 1 · Vol x
2026-08-13S4
Wk 1 · Vol x
2026-08-12S43→4
Wk 1 · Vol x
2026-08-11S3
Wk 4 · Vol x
2026-08-10S3
Wk 4 · Vol x
2026-08-07S3
Wk 4 · Vol x
2026-08-06S3
Wk 4 · Vol x
Sector Peers — Stage 2All →
MARINE
wk 13 · -0.3% from hi
9.8
RATNAVEER
wk 14 · -0.8% from hi
9.8
UNIVCABLES
wk 14 · -8.7% from hi
9.4
TIIL
wk 13 · 0.0% from hi
9.3
RKFORGE
wk 3 · -2.4% from hi
9.2
Moving averages & range
50 DMA
₹5,783.9
200 DMA
₹5,771.5
52W High
₹7,150.5
52W Low
₹4,718.2
5D Low
₹6,057.5
Resistance levels (recent highs)
20d High
₹6,289
60d High
₹6,511
120d High
₹7,150.5
250d High
₹7,150.5
Next resistance
+1.3%
to 20d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.