ESABINDIA vs HARSHA: Stock Comparison
ESAB INDIA is the larger company by market capitalisation. ESAB INDIA shows a higher ROE, a higher dividend yield and lower leverage, while HARSHA ENGINEERS INT shows a lower P/E and faster revenue growth. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
ESABINDIA leads 8; HARSHA leads 5 of 13
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | ESABINDIA | HARSHA |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Other Industrial Products | Other Industrial Products |
Price
| Metric | ESABINDIA | HARSHA |
|---|---|---|
| Live Price | ₹5,449.5 | ₹452 |
| Day Change | 1.02% | 2.27% |
| Volume | 1,945 | 50,435 |
| 52-Week High | ₹7,319.5 | ₹484.8 |
| 52-Week Low | ₹4,710 | ₹313.3 |
| Distance from 52W High | -25.55% | -6.77% |
Valuation
| Metric | ESABINDIA | HARSHA |
|---|---|---|
| Market Cap | ₹8,394 Cr | ₹4,097 Cr |
| P/E Ratio | 37.57x | 26.14x |
| P/B Ratio | 19.42x | 2.88x |
| EPS | ₹144.18 | ₹16.99 |
| Book Value | ₹278.95 | ₹153.96 |
| Dividend Yield | 1.85% | 0.34% |
Growth
| Metric | ESABINDIA | HARSHA |
|---|---|---|
| Revenue Growth (TTM YoY) | 7.6% | 27.1% |
| EPS Growth (TTM YoY) | -8.2% | 0% |
| Qtr Sales Growth | 0% | 44.63% |
| Qtr Profit Growth | 0% | -18.17% |
Profitability & Leverage
| Metric | ESABINDIA | HARSHA |
|---|---|---|
| ROE | 48.14% | 11.07% |
| ROCE | 54.16% | 9.61% |
| Net Margin | 13.7% | 9.54% |
| Operating Margin | 18.31% | 14.23% |
| Debt to Equity | 0x | 0.26x |
Shareholding
As of Jun 2026 • change vs previous quarter| Metric | ESABINDIA | HARSHA |
|---|---|---|
| Promoter Holding | 73.72% | 75% |
| FII Holding | 1.62%▲ 0.07 pp | 1.79%▼ 0.58 pp |
| DII Holding | 12.88%▼ 0.01 pp | 13.02%▲ 0.59 pp |
| Public Holding | 11.78%▼ 0.05 pp | 10.19%▼ 0.01 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: ESAB INDIA and HARSHA ENGINEERS INT.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

