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ABB

ABB NSE

Key Fundamentals

LargecapElectrical EquipmentCapital Goods
Market Cap
1.5L Cr
Volatility
Moderate
P/E Ratio
51.59
EBITDA
₹2,395 Cr
Return on Equity
21.3%
Debt to Equity
0.02
Book Value
₹440.73
EPS
₹75.95
52W High
₹7,924.5
52W Low
₹4,637.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has delivered good profit growth of 57.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 50.0%

Weaknesses

2
  • Stock is trading at 16.5 times its book value
  • Earnings include an other income of Rs.1,799 Cr.

Growth Rate

Revenue Growth
8.08% lower than 3Y
Net Income Growth
-10.95% lower than 3Y
Cash Flow Change
-8.43%
ROE
-19.59%
ROCE
-19.92%
EBITDA Margin (Avg.)
-16.65%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

ABB India Ltd commands a market cap of ₹1,52,214 Cr with a PE of 52x and PB of 16.63x, reflecting premium valuations. The company is virtually debt-free with a 5-year profit CAGR of 57% and 3-year ROE of 25%, though TTM profit growth has turned negative at -13% and earnings include ₹1,799 Cr of other income.

Bull Case 8
  • Virtually debt-free balance sheet provides financial resilience and flexibility for capital allocation in a cyclical capital goods sector
  • 5-year compounded profit growth of 57% CAGR demonstrates strong earnings trajectory over the medium term
  • 3-year ROE of 25% and 5-year ROE of 22% indicate consistently high capital efficiency well above cost of equity
  • Healthy dividend payout ratio of 50% signals shareholder-friendly capital return policy and management confidence in cash flows
  • 5-year compounded sales growth of 18% reflects sustained top-line momentum driven by India's capex and electrification cycle
  • Stock has delivered a 5-year CAGR of 31% and 10-year CAGR of 22%, indicating long-term wealth creation track record
  • Backed by global parent ABB Ltd, providing access to proprietary technology, R&D, and a global order pipeline in electrification and automation
  • Dividend yield of 1.23% is meaningful for a high-growth capital goods company and adds a modest income component
Bear Case 8
  • PE ratio of 52x is significantly above the capital goods sector median, leaving limited margin of safety if growth disappoints
  • PB ratio of 16.63x means the stock trades at an extreme premium to book value, pricing in substantial future growth
  • TTM compounded profit growth has turned negative at -13%, signaling a potential deceleration or one-off drag on earnings
  • Earnings include other income of ₹1,799 Cr, which inflates reported profitability and may not be recurring or operational in nature
  • 10-year compounded sales CAGR of only 5% suggests the recent revenue acceleration may be cyclical rather than structural
  • TTM sales growth has moderated to 10% from the 3-year CAGR of 16%, indicating possible slowing order conversion or demand softening
  • Last year ROE dipped to 22% from the 3-year average of 25%, warranting monitoring for potential margin compression
  • As an MNC subsidiary, ABB India's strategic decisions including pricing, dividend policy, and product launches are ultimately controlled by the parent entity, which may not always align with minority shareholder interests

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 3
  • Geojit downgrades to REDUCE Aug 24

    Geojit Financial Services downgraded ABB India to REDUCE with a target price of ₹6,694, citing rich valuations at 64x CY27E adjusted EPS and limited room for re-rating.

  • EBITDA margin contracts 110bps Aug 24

    Q2CY26 EBITDA margin fell 110bps YoY to 13.7% due to cost of sales rising 28.1% YoY, while PAT margin declined 125bps to 10.4%.

  • Stretched valuations persist Aug 24

    ABB India trades at a P/E of 101.91 and P/B of 16.81, with the stock at ₹7,412 — well above Geojit's ₹6,694 target, leaving limited upside.

Positives 3
  • Orders surge 50% YoY Aug 24

    Q2CY26 orders jumped 50% YoY to ₹4,363 crore with order backlog rising 22% YoY to ₹11,898 crore, driven by electrification and motion segments.

  • Revenue grows 21% YoY Aug 24

    Q2CY26 revenue rose 21% YoY to ₹3,559 crore, with electrification products surging 30.9% YoY to ₹1,804 crore on data centre and renewables demand.

  • Wipro renews AI workplace deal Sep 1

    Wipro renewed its Digital Workplace Services contract with ABB, extending the $150M+ engagement originally signed in Feb 2022, now with enhanced AI-led capabilities for 105,000 employees globally.

Neutral 1
  • Wipro AI workplace partnership details Sep 02

    The renewed Wipro-ABB deal focuses on AI-powered self-service, virtual agents, auto-remediation, and device lifecycle management via Wipro's WINGS platform and AI Live Workspace. The contract was referenced in Wipro's April 16, 2026 financial results.

TL;DR: ABB India is delivering strong top-line and order growth — Q2CY26 revenue up 21% YoY and orders surging 50% — reflecting robust demand from data centres, renewables, and electrification. However, margin compression (EBITDA margin down 110bps to 13.7%) and stretched valuations (P/E ~102x) are key risks, prompting Geojit's downgrade to REDUCE. The trend is mixed: volume momentum is clearly improving, but until margins recover, the premium valuation remains vulnerable to further de-rating.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,509
2,769
2,757
3,080
2,831
2,912
3,365
3,010
2,940
3,311
3,423
3,184
3,559
Expenses
2,160
2,331
2,340
2,515
2,288
2,372
2,708
2,450
2,539
2,810
2,896
2,776
3,112
Operating Profit
349
439
417
565
542
540
657
560
401
500
527
408
447
OPM %
14%
16%
15%
18%
19%
19%
20%
19%
14%
15%
15%
13%
13%
Other Income
75
78
71
87
88
93
83
110
109
84
89
1,541
85
Interest
1
1
8
4
5
3
5
5
4
6
5
4
2
Depreciation
29
30
33
31
31
33
34
34
35
37
39
42
39
PBT
393
485
447
617
595
597
702
631
471
542
571
1,904
491
Tax %
25%
25%
24%
26%
25%
26%
25%
25%
25%
25%
24%
6%
26%
Net Profit
296
363
339
459
443
440
528
475
352
409
433
1,784
362
EPS in Rs
13.95
17.12
15.98
21.67
20.93
20.79
24.94
22.4
16.6
19.3
20.43
84.17
17.1
Figures in ₹ Crores

Profit & Loss

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales
7,730
8,136
8,642
6,094
6,690
7,315
5,821
6,934
8,568
10,447
12,188
13,203
13,477
Expenses
7,154
7,402
7,932
5,669
6,224
6,777
5,553
6,368
7,600
8,950
9,877
11,158
11,594
Operating Profit
576
734
710
425
466
538
268
566
968
1,497
2,311
2,045
1,883
OPM %
7%
9%
8%
7%
7%
7%
4.6%
8%
11%
14%
19%
15%
14%
Other Income
14
6
122
267
339
26
170
266
506
289
344
349
1,799
Interest
122
106
108
62
60
28
25
19
15
13
16
20
16
Depreciation
113
160
151
101
93
90
120
103
105
120
129
146
158
PBT
355
475
573
528
652
445
293
711
1,353
1,653
2,510
2,229
3,508
Tax %
36%
37%
35%
21%
22%
32%
25%
27%
25%
25%
25%
25%
—
Net Profit
229
300
374
420
511
303
219
520
1,016
1,242
1,872
1,668
2,988
EPS in Rs
10.78
14.15
17.67
19.82
24.11
14.32
10.35
24.53
47.96
58.61
88.33
78.73
141
Div. Payout %
34%
26%
23%
22%
20%
34%
48%
21%
11%
50%
50%
50%
—
Figures in ₹ Crores

Balance Sheet

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital
42
42
42
42
42
42
42
42
42
42
42
42
42
Reserves
2,770
2,966
3,244
3,565
3,965
3,478
3,564
4,003
4,897
5,902
7,033
7,794
9,297
Borrowings
371
600
600
608
7
14
58
37
33
49
52
85
145
Other Liabilities
3,639
3,800
3,844
4,673
5,063
4,167
3,926
3,991
4,346
5,008
5,264
5,718
6,252
Total Liabilities
6,822
7,409
7,731
8,888
9,077
7,701
7,590
8,073
9,318
11,001
12,391
13,638
15,736
Fixed Assets
1,400
1,298
1,255
1,219
893
742
783
817
899
994
1,062
1,195
1,249
CWIP
32
44
68
116
83
59
75
77
69
60
95
116
180
Investments
16
16
16
271
0
0
0
0
493
2
2
2
2
Other Assets
5,374
6,050
6,392
7,282
8,101
6,900
6,733
7,179
7,857
9,946
11,233
12,326
14,306
Total Assets
6,822
7,409
7,731
8,888
9,077
7,701
7,590
8,073
9,318
11,001
12,391
13,638
15,736
Figures in ₹ Crores

Cash Flow

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating
479
382
863
792
625
667
318
650
742
1,351
1,332
1,220
Investing
-148
-76
-68
-318
151
-398
443
-2,008
1,826
-3,352
-503
364
Financing
-422
42
-179
-171
-794
-147
-152
-127
-140
-269
-770
-966
Net Cash Flow
-91
347
615
302
-17
123
609
-1,485
2,428
-2,270
59
617
Free Cash Flow
372
292
759
607
389
545
205
514
594
1,168
1,118
980
CFO/OP
104
79
152
252
182
156
157
135
102
115
86
87
Figures in ₹ Crores

Ratios

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days
149
152
125
166
92
97
106
99
89
89
89
88
Inventory Days
67
71
67
111
79
68
83
83
98
90
96
98
Days Payable
146
159
154
261
160
150
169
185
182
179
173
165
Cash Conversion Cycle
71
64
38
15
11
15
20
-2
5
0
13
21
Working Capital Days
36
56
37
-4
-97
13
-4
-5
-4
-10
-1
5
ROCE %
15%
17%
17%
15%
17%
14%
7%
16%
23%
31%
39%
30%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others1.36%Promot.75.00%Public6.07%FIIs7.67%DIIs9.90%As ofJun 2026

Documents

Frequently Asked Questions about ABB

What does ABB India Ltd do?
ABB India Limited is an integrated power equipment manufacturer supplying the complete range of engineering, products, solutions and services in areas of Automation and Power technology. [1]
Where is ABB India Ltd (ABB) listed?
ABB India Ltd trades as ABB on the NSE and under code 500002 on the BSE.
Which sector does ABB India Ltd belong to?
ABB India Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the market capitalisation of ABB India Ltd?
ABB India Ltd has a market capitalisation of ₹1,52,214 Cr, which places it in the Large Cap band.
What is the PE ratio of ABB India Ltd?
ABB India Ltd trades at a PE ratio of 51.59, on earnings per share of ₹75.95, against a book value of ₹440.73 per share.
What is the 52-week high and low of ABB India Ltd?
Over the last 52 weeks ABB India Ltd has traded between ₹4,637.5 and ₹7,924.5.
Does ABB India Ltd pay dividends?
ABB India Ltd has a dividend yield of 1.23%.
What is the Return on Equity (ROE) of ABB India Ltd?
ABB India Ltd reported a return on equity of 21.30%. Its debt-to-equity ratio is 0.02.

Company Information

ABB India Limited is an integrated power equipment manufacturer supplying the complete range of engineering, products, solutions and services in areas of Automation and Power technology. [1]

Website abb.co.in
CEO Mr. Sanjeev Sharma
Employees 3,625
Listed 1995-02-08
Face Value ₹ 2
Issued Size 21,19,08,375

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