Company Overview
ESAB India Limited reported strong financial performance for FY26 with revenue growth of 9.8% to ₹1,514.18 crore and net profit increase of 8.92% to ₹206.69 crore. The company maintained its debt-free status with strong liquidity position of ₹57.5 crore in cash.
Dividend Declaration
For FY26, the company declared total dividends of ₹75 per share (750%), comprising two interim dividends of ₹25 each and a proposed final dividend of ₹25 per share subject to shareholder approval at the AGM scheduled for July 29, 2026. The total dividend payout amounted to ₹141.6 crore.
Exceptional Items & One-Time Events
The financial results included significant exceptional items: a ₹30.9 crore gain from the sale of land at Khardah, West Bengal, and a ₹13.7 crore provision for increased gratuity liability due to implementation of the new Labour Code. The net positive impact from exceptional items was ₹17.3 crore on pre-tax profit.
Management Changes & Corporate Governance
The Board appointed Curtis Evan Jewell as Non-Executive Chairman effective May 1, 2026, replacing Kevin Johnson. The company spent ₹416.42 lakh on CSR activities against an obligation of ₹445.22 lakh, transferring the unspent ₹28.80 lakh to a separate account as required by regulations.
Financial Position & Operations
The company maintained a strong balance sheet with net worth of ₹429.38 crore and current ratio of 2.1 times. Capital expenditure for the year was ₹55.8 crore, while investments in equity instruments of power companies totaled ₹258.0 lakh. Geographic segmentation showed domestic revenue accounting for 82.9% of total revenue at ₹1,249.5 crore.
Regulatory Compliance & Shareholding
The company confirmed compliance with all applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations. Promoter holding remained stable at 73.72%, with ESAB Holdings Limited (37.31%) and Exelvia Group India B V (36.41%) as major shareholders. The AGM will be held via video conferencing on July 29, 2026, with remote e-voting available through NSDL.