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ESAB India Limited
Buy, Hold or Sell?

Let's analyze ESAB India Limited together

I guess you are interested in ESAB India Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of ESAB India Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of ESAB India Limited (30 sec.)










What can you expect buying and holding a share of ESAB India Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR3.74
When do you have the money?
1 year
How often do you get paid?
88.9%

What is your share worth?

Current worth
INR169.08
Expected worth in 1 year
INR210.79
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR353.72
Return On Investment
5.8%

For what price can you sell your share?

Current Price per Share
INR6,144.45
Expected price per share
INR5,307 - INR6,618
How sure are you?
50%
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1. Valuation of ESAB India Limited (5 min.)




Live pricePrice per Share (EOD)

INR6,144.45

Intrinsic Value Per Share

INR704.09 - INR990.19

Total Value Per Share

INR873.17 - INR1,159.27

2. Growth of ESAB India Limited (5 min.)




Is ESAB India Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$31.2m$29.3m$1.9m6.2%

How much money is ESAB India Limited making?

Current yearPrevious yearGrowGrow %
Making money$16.2m$10.1m$6.1m37.9%
Net Profit Margin12.4%9.4%--

How much money comes from the company's main activities?

3. Financial Health of ESAB India Limited (5 min.)




4. Comparing to competitors in the Machine Tools & Accessories industry (5 min.)




  Industry Rankings (Machine Tools & Accessories)  

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What can you expect buying and holding a share of ESAB India Limited? (5 min.)

Welcome investor! ESAB India Limited's management wants to use your money to grow the business. In return you get a share of ESAB India Limited.

What can you expect buying and holding a share of ESAB India Limited?

First you should know what it really means to hold a share of ESAB India Limited. And how you can make/lose money.

Speculation

The Price per Share of ESAB India Limited is INR6,144. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of ESAB India Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in ESAB India Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR169.08. Based on the TTM, the Book Value Change Per Share is INR10.43 per quarter. Based on the YOY, the Book Value Change Per Share is INR-9.74 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR78.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of ESAB India Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps1.060.0%1.060.0%0.660.0%0.640.0%0.460.0%
Usd Book Value Change Per Share0.130.0%0.130.0%-0.120.0%-0.180.0%0.230.0%
Usd Dividend Per Share0.940.0%0.940.0%0.780.0%0.780.0%0.440.0%
Usd Total Gains Per Share1.060.0%1.060.0%0.660.0%0.590.0%0.660.0%
Usd Price Per Share42.44-42.44-36.38-24.84-17.31-
Price to Earnings Ratio40.12-40.12-55.35-37.93-36.70-
Price-to-Total Gains Ratio39.99-39.99-54.87-42.97-34.99-
Price to Book Ratio20.91-20.91-19.11-12.17-8.13-
Price-to-Total Gains Ratio39.99-39.99-54.87-42.97-34.99-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share73.7334
Number of shares13
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.940.78
Usd Book Value Change Per Share0.13-0.18
Usd Total Gains Per Share1.060.59
Gains per Quarter (13 shares)13.807.69
Gains per Year (13 shares)55.1830.74
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
14974540-1021
2971310081-1952
314620155121-2983
419526210161-38114
524333265202-48145
629239320242-57176
734146375282-67207
838952430322-77238
943859485363-86269
1048765540403-96300

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%1.02.00.033.3%2.03.00.040.0%6.03.00.066.7%6.03.00.066.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%4.00.01.080.0%8.00.01.088.9%8.00.01.088.9%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.00.00.0100.0%9.00.00.0100.0%
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Fundamentals of ESAB India Limited

About ESAB India Limited

ESAB India Limited manufactures and sells welding and cutting equipment in India. The company offers gas equipment; arc gouging and exothermic cutting; welding automation and robotics; ESAB digital solutions; filler metals; arc welding equipment; plasma cutting equipment; and cutting automation products, as well as PPE products and accessories, including helmets and head protection, gloves, clothes, and eye protection products. Its products are used in shipbuilding, petrochemical, construction, transport, offshore, energy, and general engineering industries, as well as repair and maintenance of steel, mills, cement, sugar industries, etc. The company sells its products under the Arcair, Exaton, GASARC, Stoody, TBI Industries, Thermal Dynamics, Tweco, and Victor brand names. It serves in Qatar, Bangladesh, Ecuador, Vietnam, Dubai, Indonesia, Srilanka, Malaysia, Australia, Thailand, the Kingdom of Saudi Arabia, the Philippines, Singapore, South Africa, Sweden, China, Switzerland, Peru, and the United States markets. The company was founded in 1987 and is headquartered in Chennai, India.

Fundamental data was last updated by Penke on 2024-06-23 11:28:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is very efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is overpriced.
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1.1. Profitability of ESAB India Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†ESAB India Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†ESAB India Limited to the¬†Machine Tools & Accessories industry mean.
  • A Net Profit Margin of 12.4%¬†means that¬†₹0.12 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of ESAB India Limited:

  • The MRQ is 12.4%. The company is making a huge profit. +2
  • The TTM is 12.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ12.4%TTM12.4%0.0%
TTM12.4%YOY9.4%+3.0%
TTM12.4%5Y9.9%+2.6%
5Y9.9%10Y7.9%+2.0%
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ12.4%12.4%+0.0%
TTM12.4%12.4%+0.0%
YOY9.4%9.4%+0.0%
5Y9.9%9.9%0.0%
10Y7.9%7.9%+0.0%
1.1.2. Return on Assets

Shows how efficient ESAB India Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†ESAB India Limited to the¬†Machine Tools & Accessories industry mean.
  • 28.6% Return on Assets means that¬†ESAB India Limited generated¬†₹0.29 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of ESAB India Limited:

  • The MRQ is 28.6%. Using its assets, the company is very efficient in making profit. +2
  • The TTM is 28.6%. Using its assets, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ28.6%TTM28.6%0.0%
TTM28.6%YOY19.3%+9.3%
TTM28.6%5Y18.8%+9.8%
5Y18.8%10Y13.3%+5.5%
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ28.6%28.6%+0.0%
TTM28.6%28.6%+0.0%
YOY19.3%19.3%+0.0%
5Y18.8%18.8%0.0%
10Y13.3%13.3%0.0%
1.1.3. Return on Equity

Shows how efficient ESAB India Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†ESAB India Limited to the¬†Machine Tools & Accessories industry mean.
  • 52.1% Return on Equity means ESAB India Limited generated ₹0.52¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of ESAB India Limited:

  • The MRQ is 52.1%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 52.1%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ52.1%TTM52.1%0.0%
TTM52.1%YOY34.5%+17.6%
TTM52.1%5Y30.5%+21.7%
5Y30.5%10Y20.5%+10.0%
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ52.1%52.1%+0.0%
TTM52.1%52.1%+0.0%
YOY34.5%34.5%+0.0%
5Y30.5%30.5%0.0%
10Y20.5%20.5%0.0%
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1.2. Operating Efficiency of ESAB India Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient ESAB India Limited is operating .

  • Measures how much profit ESAB India Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†ESAB India Limited to the¬†Machine Tools & Accessories industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of ESAB India Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y5.6%-5.6%
5Y5.6%10Y6.5%-1.0%
1.2.2. Operating Ratio

Measures how efficient ESAB India Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Machine Tools & Accessories industry mean).
  • An Operation Ratio of 0.63 means that the operating costs are ₹0.63 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of ESAB India Limited:

  • The MRQ is 0.635. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.635. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.635TTM0.6350.000
TTM0.635YOY0.651-0.016
TTM0.6355Y1.006-0.372
5Y1.00610Y1.262-0.255
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6350.6350.000
TTM0.6350.6350.000
YOY0.6510.6510.000
5Y1.0061.006+0.000
10Y1.2621.2620.000
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1.3. Liquidity of ESAB India Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if ESAB India Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Machine Tools & Accessories industry mean).
  • A Current Ratio of 1.72¬†means the company has ₹1.72 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of ESAB India Limited:

  • The MRQ is 1.724. The company is able to pay all its short-term debts. +1
  • The TTM is 1.724. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.724TTM1.7240.000
TTM1.724YOY1.814-0.089
TTM1.7245Y2.335-0.610
5Y2.33510Y2.995-0.660
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7241.724+0.000
TTM1.7241.724+0.000
YOY1.8141.8140.000
5Y2.3352.3350.000
10Y2.9952.9950.000
1.3.2. Quick Ratio

Measures if ESAB India Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†ESAB India Limited to the¬†Machine Tools & Accessories industry mean.
  • A Quick Ratio of 1.09¬†means the company can pay off ₹1.09 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of ESAB India Limited:

  • The MRQ is 1.086. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.086. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.086TTM1.0860.000
TTM1.086YOY1.405-0.318
TTM1.0865Y1.942-0.856
5Y1.94210Y2.567-0.625
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0861.086+0.000
TTM1.0861.086+0.000
YOY1.4051.4050.000
5Y1.9421.942+0.000
10Y2.5672.567+0.000
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1.4. Solvency of ESAB India Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of ESAB India Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†ESAB India Limited to Machine Tools & Accessories industry mean.
  • A Debt to Asset Ratio of 0.45¬†means that ESAB India Limited assets are¬†financed with 45.1% credit (debt) and the remaining percentage (100% - 45.1%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of ESAB India Limited:

  • The MRQ is 0.451. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.451. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.451TTM0.4510.000
TTM0.451YOY0.440+0.011
TTM0.4515Y0.357+0.094
5Y0.35710Y0.288+0.069
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4510.4510.000
TTM0.4510.4510.000
YOY0.4400.4400.000
5Y0.3570.3570.000
10Y0.2880.288+0.000
1.4.2. Debt to Equity Ratio

Measures if ESAB India Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†ESAB India Limited to the¬†Machine Tools & Accessories industry mean.
  • A Debt to Equity ratio of 82.1% means that company has ₹0.82 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of ESAB India Limited:

  • The MRQ is 0.821. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.821. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.821TTM0.8210.000
TTM0.821YOY0.786+0.036
TTM0.8215Y0.577+0.244
5Y0.57710Y0.434+0.143
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8210.821+0.000
TTM0.8210.821+0.000
YOY0.7860.7860.000
5Y0.5770.577+0.000
10Y0.4340.4340.000
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2. Market Valuation of ESAB India Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every ₹1 in earnings ESAB India Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†ESAB India Limited to the¬†Machine Tools & Accessories industry mean.
  • A PE ratio of 40.12 means the investor is paying ₹40.12¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of ESAB India Limited:

  • The EOD is 69.709. Based on the earnings, the company is expensive. -2
  • The MRQ is 40.119. Based on the earnings, the company is overpriced. -1
  • The TTM is 40.119. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD69.709MRQ40.119+29.590
MRQ40.119TTM40.1190.000
TTM40.119YOY55.351-15.232
TTM40.1195Y37.929+2.190
5Y37.92910Y36.701+1.228
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
EOD69.70968.633+1.076
MRQ40.11940.119+0.000
TTM40.11940.119+0.000
YOY55.35155.3510.000
5Y37.92937.929+0.000
10Y36.70136.701+0.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of ESAB India Limited:

  • The EOD is 99.059. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 57.010. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 57.010. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD99.059MRQ57.010+42.049
MRQ57.010TTM57.0100.000
TTM57.010YOY63.639-6.628
TTM57.0105Y47.009+10.002
5Y47.00910Y67.801-20.793
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
EOD99.05997.529+1.530
MRQ57.01057.010+0.000
TTM57.01057.010+0.000
YOY63.63963.6390.000
5Y47.00947.0090.000
10Y67.80167.801+0.000
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of ESAB India Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Machine Tools & Accessories industry mean).
  • A PB ratio of 20.91 means the investor is paying ₹20.91¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of ESAB India Limited:

  • The EOD is 36.340. Based on the equity, the company is expensive. -2
  • The MRQ is 20.914. Based on the equity, the company is expensive. -2
  • The TTM is 20.914. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD36.340MRQ20.914+15.426
MRQ20.914TTM20.9140.000
TTM20.914YOY19.108+1.806
TTM20.9145Y12.170+8.744
5Y12.17010Y8.133+4.037
Compared to industry (Machine Tools & Accessories)
PeriodCompanyIndustry (mean)+/- 
EOD36.34035.779+0.561
MRQ20.91420.914+0.000
TTM20.91420.914+0.000
YOY19.10819.108+0.000
5Y12.17012.170+0.000
10Y8.1338.133+0.000
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of ESAB India Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--10.42710.4270%-9.745+193%-15.330+247%18.787-44%
Book Value Per Share--169.083169.0830%158.656+7%177.749-5%194.421-13%
Current Ratio--1.7241.7240%1.814-5%2.335-26%2.995-42%
Debt To Asset Ratio--0.4510.4510%0.440+2%0.357+26%0.288+56%
Debt To Equity Ratio--0.8210.8210%0.786+5%0.577+42%0.434+89%
Dividend Per Share--78.00378.0030%64.997+20%64.601+21%36.312+115%
Eps--88.14488.1440%54.772+61%53.047+66%37.943+132%
Free Cash Flow Per Share--62.02862.0280%47.638+30%41.988+48%27.015+130%
Free Cash Flow To Equity Per Share---17.339-17.3390%-18.534+7%-23.628+36%-12.735-27%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--990.188--------
Intrinsic Value_10Y_min--704.087--------
Intrinsic Value_1Y_max--60.724--------
Intrinsic Value_1Y_min--49.694--------
Intrinsic Value_3Y_max--211.792--------
Intrinsic Value_3Y_min--168.263--------
Intrinsic Value_5Y_max--398.236--------
Intrinsic Value_5Y_min--306.694--------
Market Cap94581518850.000+42%54433566975.00054433566975.0000%46666249083.000+17%31865860353.000+71%22204855997.667+145%
Net Profit Margin--0.1240.1240%0.094+32%0.099+26%0.079+57%
Operating Margin----0%-0%0.056-100%0.065-100%
Operating Ratio--0.6350.6350%0.651-2%1.006-37%1.262-50%
Pb Ratio36.340+42%20.91420.9140%19.108+9%12.170+72%8.133+157%
Pe Ratio69.709+42%40.11940.1190%55.351-28%37.929+6%36.701+9%
Price Per Share6144.450+42%3536.2503536.2500%3031.650+17%2070.150+71%1442.528+145%
Price To Free Cash Flow Ratio99.059+42%57.01057.0100%63.639-10%47.009+21%67.801-16%
Price To Total Gains Ratio69.484+42%39.98939.9890%54.869-27%42.970-7%34.991+14%
Quick Ratio--1.0861.0860%1.405-23%1.942-44%2.567-58%
Return On Assets--0.2860.2860%0.193+48%0.188+52%0.133+116%
Return On Equity--0.5210.5210%0.345+51%0.305+71%0.205+155%
Total Gains Per Share--88.43088.4300%55.252+60%49.270+79%55.099+60%
Usd Book Value--31232400.00031232400.0000%29306400.000+7%32833200.000-5%35912666.667-13%
Usd Book Value Change Per Share--0.1250.1250%-0.117+193%-0.184+247%0.225-44%
Usd Book Value Per Share--2.0292.0290%1.904+7%2.133-5%2.333-13%
Usd Dividend Per Share--0.9360.9360%0.780+20%0.775+21%0.436+115%
Usd Eps--1.0581.0580%0.657+61%0.637+66%0.455+132%
Usd Free Cash Flow--11457600.00011457600.0000%8799600.000+30%7755840.000+48%4990160.000+130%
Usd Free Cash Flow Per Share--0.7440.7440%0.572+30%0.504+48%0.324+130%
Usd Free Cash Flow To Equity Per Share---0.208-0.2080%-0.222+7%-0.284+36%-0.153-27%
Usd Market Cap1134978226.200+42%653202803.700653202803.7000%559994988.996+17%382390324.236+71%266458271.972+145%
Usd Price Per Share73.733+42%42.43542.4350%36.380+17%24.842+71%17.310+145%
Usd Profit--16281600.00016281600.0000%10117200.000+61%9798720.000+66%6877600.000+137%
Usd Revenue--130896000.000130896000.0000%107136000.000+22%96824400.000+35%79738400.000+64%
Usd Total Gains Per Share--1.0611.0610%0.663+60%0.591+79%0.661+60%
 EOD+4 -4MRQTTM+0 -0YOY+27 -75Y+22 -1310Y+20 -15

3.2. Fundamental Score

Let's check the fundamental score of ESAB India Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1569.709
Price to Book Ratio (EOD)Between0-136.340
Net Profit Margin (MRQ)Greater than00.124
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.086
Current Ratio (MRQ)Greater than11.724
Debt to Asset Ratio (MRQ)Less than10.451
Debt to Equity Ratio (MRQ)Less than10.821
Return on Equity (MRQ)Greater than0.150.521
Return on Assets (MRQ)Greater than0.050.286
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of ESAB India Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.985
Ma 20Greater thanMa 506,082.105
Ma 50Greater thanMa 1005,765.243
Ma 100Greater thanMa 2005,450.878
OpenGreater thanClose6,108.800
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets4,740,100
Total Liabilities2,137,400
Total Stockholder Equity2,602,700
 As reported
Total Liabilities 2,137,400
Total Stockholder Equity+ 2,602,700
Total Assets = 4,740,100

Assets

Total Assets4,740,100
Total Current Assets3,511,700
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 334,400
Short-term Investments 175,100
Net Receivables 1,527,500
Inventory 1,295,300
Other Current Assets 85,300
Total Current Assets  (as reported)3,511,700
Total Current Assets  (calculated)3,417,600
+/- 94,100
Long-term Assets
Property Plant Equipment 1,119,500
Intangible Assets 26,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)1,145,500
+/- 1,145,500

Liabilities & Shareholders' Equity

Total Current Liabilities2,036,400
Long-term Liabilities0
Total Stockholder Equity2,602,700
Total Current Liabilities
Total Current Liabilities  (as reported)2,036,400
Total Current Liabilities  (calculated)0
+/- 2,036,400
Long-term Liabilities
Long term Debt Total 34,700
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)34,700
+/- 34,700
Total Stockholder Equity
Common Stock153,900
Retained Earnings 2,355,600
Capital Surplus 93,200
Total Stockholder Equity (as reported)2,602,700
Total Stockholder Equity (calculated)2,602,700
+/-0
Other
Cash And Equivalents230,100
Cash and Short Term Investments 509,500
Common Stock Shares Outstanding 15,393
Liabilities and Stockholders Equity 4,740,100
Net Working Capital 1,475,300



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-31
> Total Assets 
3,686,900
3,855,700
4,284,300
4,803,700
3,787,600
4,594,100
3,881,900
4,361,000
4,740,100
4,740,1004,361,0003,881,9004,594,1003,787,6004,803,7004,284,3003,855,7003,686,900
   > Total Current Assets 
2,657,500
2,685,600
3,139,800
3,873,000
2,827,000
3,603,000
2,911,700
3,364,000
3,511,700
3,511,7003,364,0002,911,7003,603,0002,827,0003,873,0003,139,8002,685,6002,657,500
       Cash And Cash Equivalents 
349,300
349,100
414,300
371,300
430,700
186,800
185,700
212,000
334,400
334,400212,000185,700186,800430,700371,300414,300349,100349,300
       Short-term Investments 
1,218,900
1,197,700
1,485,800
1,510,700
426,700
1,347,800
636,600
511,200
175,100
175,100511,200636,6001,347,800426,7001,510,7001,485,8001,197,7001,218,900
       Net Receivables 
443,100
466,800
477,300
607,600
650,000
882,600
998,200
1,371,000
1,527,500
1,527,5001,371,000998,200882,600650,000607,600477,300466,800443,100
       Inventory 
539,600
584,600
657,500
815,700
775,000
838,600
775,500
1,103,500
1,295,300
1,295,3001,103,500775,500838,600775,000815,700657,500584,600539,600
       Other Current Assets 
106,600
69,400
57,900
76,400
85,200
105,000
31,200
68,000
85,300
85,30068,00031,200105,00085,20076,40057,90069,400106,600
   > Long-term Assets 
0
0
1,200,000
953,200
960,600
991,100
0
0
0
000991,100960,600953,2001,200,00000
       Property Plant Equipment 
828,300
825,900
814,100
845,600
843,200
914,800
914,600
919,000
1,119,500
1,119,500919,000914,600914,800843,200845,600814,100825,900828,300
       Goodwill 
0
0
0
6,000
6,000
0
0
0
0
00006,0006,000000
       Long Term Investments 
0
24,100
27,700
0
0
0
0
0
0
00000027,70024,1000
       Intangible Assets 
14,500
6,800
18,300
21,100
13,400
14,700
6,900
6,100
26,000
26,0006,1006,90014,70013,40021,10018,3006,80014,500
       Long-term Assets Other 
0
0
191,900
0
0
0
0
0
0
000000191,90000
> Total Liabilities 
796,400
700,300
858,800
1,021,100
1,121,700
1,216,600
1,289,700
1,918,800
2,137,400
2,137,4001,918,8001,289,7001,216,6001,121,7001,021,100858,800700,300796,400
   > Total Current Liabilities 
758,900
658,200
827,100
992,300
1,085,500
1,145,600
1,220,600
1,854,800
2,036,400
2,036,4001,854,8001,220,6001,145,6001,085,500992,300827,100658,200758,900
       Accounts payable 
552,100
431,400
577,200
744,700
844,300
881,200
0
0
0
000881,200844,300744,700577,200431,400552,100
       Other Current Liabilities 
62,100
57,700
132,300
44,600
40,000
131,000
0
0
0
000131,00040,00044,600132,30057,70062,100
   > Long-term Liabilities 
0
0
70,000
28,800
36,200
71,000
0
0
0
00071,00036,20028,80070,00000
       Long term Debt Total 
0
0
0
0
0
34,000
19,300
6,800
34,700
34,7006,80019,30034,00000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
46,800
0
0
0
00046,80000000
       Long-term Liabilities Other 
0
0
38,300
0
0
0
0
0
0
00000038,30000
> Total Stockholder Equity
2,890,500
3,155,400
3,425,500
3,782,600
2,665,900
3,377,500
2,592,200
2,442,200
2,602,700
2,602,7002,442,2002,592,2003,377,5002,665,9003,782,6003,425,5003,155,4002,890,500
   Common Stock
153,900
153,900
153,900
153,900
153,900
153,900
153,900
153,900
153,900
153,900153,900153,900153,900153,900153,900153,900153,900153,900
   Retained Earnings 
2,631,400
2,896,300
3,178,400
3,535,500
2,418,800
3,130,400
2,345,100
2,195,100
2,355,600
2,355,6002,195,1002,345,1003,130,4002,418,8003,535,5003,178,4002,896,3002,631,400
   Capital Surplus 
0
0
93,200
93,200
93,200
93,200
93,200
93,200
93,200
93,20093,20093,20093,20093,20093,20093,20000
   Treasury Stock000000000
   Other Stockholders Equity 
12,000
12,000
10,000
10,000
10,000
10,000
0
0
0
00010,00010,00010,00010,00012,00012,000



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue10,908,000
Cost of Revenue-6,922,800
Gross Profit3,985,2003,985,200
 
Operating Income (+$)
Gross Profit3,985,200
Operating Expense-0
Operating Income1,763,0003,985,200
 
Operating Expense (+$)
Research Development0
Selling General Administrative2,066,500
Selling And Marketing Expenses0
Operating Expense02,066,500
 
Net Interest Income (+$)
Interest Income17,700
Interest Expense-0
Other Finance Cost-17,700
Net Interest Income0
 
Pretax Income (+$)
Operating Income1,763,000
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,822,9001,763,000
EBIT - interestExpense = 0
1,356,800
1,356,800
Interest Expense0
Earnings Before Interest and Taxes (EBIT)01,822,900
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax1,822,900
Tax Provision-466,100
Net Income From Continuing Ops01,356,800
Net Income1,356,800
Net Income Applicable To Common Shares1,356,800
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net00
 

Technical Analysis of ESAB India Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of ESAB India Limited. The general trend of ESAB India Limited is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine ESAB India Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of ESAB India Limited.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 6,300 < 6,394 < 6,618.

The bearish price targets are: 6,071 > 6,017 > 5,307.

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ESAB India Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of ESAB India Limited. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

ESAB India Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of ESAB India Limited. The current macd is 99.64.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the ESAB India Limited price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for ESAB India Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the ESAB India Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
ESAB India Limited Daily Moving Average Convergence/Divergence (MACD) ChartESAB India Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of ESAB India Limited. The current adx is 29.57.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy ESAB India Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
ESAB India Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of ESAB India Limited. The current sar is 6,527.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
ESAB India Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of ESAB India Limited. The current rsi is 58.99. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
ESAB India Limited Daily Relative Strength Index (RSI) ChartESAB India Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of ESAB India Limited. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the ESAB India Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
ESAB India Limited Daily Stochastic Oscillator ChartESAB India Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of ESAB India Limited. The current cci is 30.34.

ESAB India Limited Daily Commodity Channel Index (CCI) ChartESAB India Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of ESAB India Limited. The current cmo is 19.05.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
ESAB India Limited Daily Chande Momentum Oscillator (CMO) ChartESAB India Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of ESAB India Limited. The current willr is -68.33333333.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that ESAB India Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
ESAB India Limited Daily Williams %R ChartESAB India Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of ESAB India Limited.

ESAB India Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of ESAB India Limited. The current atr is 190.45.

ESAB India Limited Daily Average True Range (ATR) ChartESAB India Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of ESAB India Limited. The current obv is 280,972.

ESAB India Limited Daily On-Balance Volume (OBV) ChartESAB India Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of ESAB India Limited. The current mfi is 59.70.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
ESAB India Limited Daily Money Flow Index (MFI) ChartESAB India Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for ESAB India Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-14CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-03WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-08MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-04-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-16WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-05-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-22MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-05-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-31DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-06-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-06-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-06-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-18CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-26STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-27STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-07-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-07-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-09WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-10STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

ESAB India Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of ESAB India Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.985
Ma 20Greater thanMa 506,082.105
Ma 50Greater thanMa 1005,765.243
Ma 100Greater thanMa 2005,450.878
OpenGreater thanClose6,108.800
Total3/5 (60.0%)
Penke

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