Esab India (NSE:ESABINDIA) ROCE %: 52.93% (As of Mar. 2026)


NSE:ESABINDIA Esab India Ltd NSE:ESABINDIA
92 GF Score
Price ₹5,760.00
GF Value ₹6,569.95
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Esab India ROCE %?

Esab India NSE:ESABINDIA -0.03% 92 ROCE % is 52.93% as of Mar. 2026. GuruFocus rates NSE:ESABINDIA with a GF Score™ of 92/100 and a GF Value™ of ₹6,569.95 (Modestly Undervalued). The stock has 1 warning sign investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Esab India's annualized ROCE % for the quarter that ended in Mar. 2026 was 52.93%.

Esab India  (NSE:ESABINDIA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Esab India ROCE % Related Terms

Esab India ROCE % Historical Data

* Premium members only.

The historical data trend for Esab India's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Esab India ROCE % Chart

Esab India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.06 70.10 75.64 68.85 66.79

Esab India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 68.55 59.83 94.81 54.97 52.93
NSE:ESABINDIA
92GF Score
Esab India Ltd NSE:ESABINDIA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Esab India ROCE % Calculation

Esab India's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=2760.7/( ( (6471 - 2743.3) + (6988.7 - 2449.3) )/ 2 )
=2760.7/( (3727.7+4539.4)/ 2 )
=2760.7/4133.55
=66.79 %

Esab India's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2402.8/( ( (0 - 0) + (6988.7 - 2449.3) )/ 1 )
=2402.8/( ( 0 + 4539.4 )/ 1 )
=2402.8/4539.4
=52.93 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 52.93% mean?
Esab India (NSE:ESABINDIA) has a ROCE % of 52.93% as of Mar. 2026.
Is Esab India's ROCE % too high?
Esab India's current ROCE % is 52.93%. The Industrial Products industry median ROCE % is 7.08. Esab India's value of 52.93% is 647.6% above this industry median. Overall, Esab India has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Esab India's ROCE % compare to SNA and RBC?
Esab India's ROCE % of 52.93% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.08. Esab India's value of 52.93% is 647.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.08, based on 3,026 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Esab India's current ROCE % of 52.93% is 647.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Esab India's current ROCE % is 52.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Esab India stock overvalued right now?
Based on GuruFocus' analysis, Esab India (NSE:ESABINDIA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹6,569.95, compared to a current price of ₹5,760.00 — trading 12.3% below its estimated fair value. The current ROCE % is 52.93% and 647.6% above the Industrial Products industry median of 7.08. Esab India's overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Esab India (NSE:ESABINDIA), the current ROCE % is 52.93% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Esab India (NSE:ESABINDIA) Overvalued in 2026?

Based on GuruFocus' analysis, Esab India stock appears to be undervalued. The current stock price of ₹5,760.00 is trading 12.3% below its estimated GF Value™ of ₹6,569.95. GuruFocus considers Esab India to be Modestly Undervalued.

Key valuation signals for NSE:ESABINDIA:

  • ROCE %: 52.93%
  • GF Value™: ₹6,569.95 vs. price of ₹5,760.00 (12.3% below fair value)
  • GF Score™: 92/100 with 1 warning sign
  • Industry Position: 647.6% above the Industrial Products median

No single metric tells the full story. See the NSE:ESABINDIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Esab India Business Description

Other Exchanges 500133:India
Address 3rd Main Road, Plot No.13, Industrial Estate, Ambattur, Chennai, TN, IND, 600058
Esab India Ltd is engaged in the production of welding and cutting equipment and consumables. The company focuses on areas such as Manual welding and cutting equipment, Welding Consumables, Welding automation, Mechanized cutting systems, and others. It operates in the segment of fabrication technology. This includes manufacturing and selling of welding, cutting and allied products and also provides engineering, support, and consulting services. The company's brands include ESAB, Exaton, Gasarc, Victor, and Tweco among others. Geographically, the company derives its key revenue from the domestic market and the rest from overseas markets.
92GF Score

Get the complete analysis for NSE:ESABINDIA

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹5,760.00
Price
₹6,569.95
GF Value