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ABB India

ABB NSE
₹6,750.00 +145.00 (+2.20%)
P/E
47.87
View as Markdown
MCP
Close 4 Nov 2026 ₹6,750.00 +1,522.00 +29.1% 1Y
Start ₹5,228.00

Key Fundamentals

LargecapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
29.90%
Debt to Equity
0.02
EPS (TTM)
₹141.00
Book Value
₹440.73
Market Cap
—
P/E (TTM)
47.87
P/B
15.32
ROE
22.40%
Dividend Yield
1.36%
EBITDA
₹2,395 Cr
52W High
₹7,924.50
52W Low
₹4,637.50
Day Range
₹6,453.00 – ₹6,805.00
Volume
2,26,604

Peer Comparison

Industrials › Capital Goods › Electrical Equipment › Heavy Electrical Equipment

ABB peer comparison
Bharat Heavy Electricals
₹423.8551.25₹1,46,351 Cr5.520.35%6.23%9.14%₹37,782 Cr₹2,878 Cr
ABB (this company)
₹6,750.0047.87₹1,40,908 Cr15.321.36%22.40%29.90%₹13,477 Cr₹2,988 Cr
CG Power & Industrial Solutions
₹841.4596.28₹1,27,312 Cr15.170.16%20.50%26.70%₹13,699 Cr₹1,364 Cr
Hitachi Energy
₹29,100.00112.75₹1,24,045 Cr25.060.03%21.90%29.40%₹9,162 Cr₹1,149 Cr
Siemens
₹3,509.00—₹1,22,035 Cr9.030.53%19.20%21.40%₹18,062 Cr₹3,276 Cr
GE Vernova T&D
₹4,265.0083.66₹1,04,523 Cr33.150.25%57.40%77.40%₹6,712 Cr₹1,305 Cr
Siemens Energy
₹2,963.0070.90₹1,01,562 Cr21.930.14%50.50%67.80%₹9,436 Cr₹1,489 Cr
Median 7 companies₹3,509.0077.28₹1,24,045 Cr15.320.25%21.90%29.40%₹13,477 Cr₹1,489 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

49 Average

Data confidence 100/100

Category scores

Quality
54
Average
Returns, margins, earnings quality 22% weight
Valuation
50
Average
Cheap vs sector & own history 24% weight
Growth
29
Poor
Sales & profit trajectory 9% weight
Financial Health
80
Strong
Solvency, leverage, coverage 9% weight
Momentum
25
Poor
Trend strength, vol-adjusted 12% weight
Ownership
46
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 15.4 times its book value
  • Earnings include an other income of Rs.1,799 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish658
OscillatorsNeutral252
Moving AveragesStrong Bullish406

Key readings

RSI (14)
50.28
Neutral
MACD (12,26,9)
−126.09
Bullish
SMA (50)
7,014.63
Bearish
SMA (200)
6,719.50
Bullish

As of

Analyst Rating

Based on 28 analysts
SELL46%

6 of 28 analysts rate Buy, 9 Hold, 13 Sell.

As of

BUY
6
21%
HOLD
9
32%
SELL
13
46%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Dec 2025; 1Y: fiscal year to Dec 2025 against Dec 2024; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+4.96%
5Y+17.80%
3Y+15.50%
1Y+8.33%
TTM+10.22%

Net profit

Net profit growth by window
10Y+18.72%
5Y+50.09%
3Y+17.97%
1Y−10.90%
TTM+66.46%

Operating cash flow

Operating cash flow growth by window
10Y+12.31%
5Y+30.85%
3Y+18.03%
1Y−8.41%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+6.47 pp
5Y+10.89 pp
3Y+4.19 pp
1Y−3.47 pp
TTM−3.69 pp

Revenue by year

Revenue by year, ₹ crore
Dec 2016₹8,642 Cr
Dec 2017₹6,094 Cr
Dec 2018₹6,690 Cr
Dec 2019₹7,315 Cr
Dec 2020₹5,821 Cr
Dec 2021₹6,934 Cr
Dec 2022₹8,568 Cr
Dec 2023₹10,447 Cr
Dec 2024₹12,188 Cr
Dec 2025₹13,203 Cr

Net profit by year

Net profit by year, ₹ crore
Dec 2016₹374 Cr
Dec 2017₹420 Cr
Dec 2018₹511 Cr
Dec 2019₹303 Cr
Dec 2020₹219 Cr
Dec 2021₹520 Cr
Dec 2022₹1,016 Cr
Dec 2023₹1,242 Cr
Dec 2024₹1,872 Cr
Dec 2025₹1,668 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹511 Cr +3.5% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk medium

ABB India Ltd trades at ₹6,605 as of 2026-11-03 with a market cap of ₹1,39,436 Cr, commanding a PE of 46.84x and a price-to-book of 14.99x. The company is virtually debt-free (debt-to-equity of 0.02) with strong return ratios (ROE 21.3%, ROCE 28.46%), but TTM profit growth has turned negative at -13% after a 57% CAGR over five years.

Bull Case 8
  • ABB India is almost debt-free with a debt-to-equity ratio of just 0.02, providing significant financial flexibility and resilience through economic cycles.
  • The company delivered a compounded profit CAGR of 57% over five years, reflecting strong operational leverage and earnings momentum over the medium term.
  • ROCE stands at 28.46% as of 2026-11-03, indicating highly efficient capital deployment relative to the broader capital goods sector.
  • ROE has averaged 22% over five years and 25% over three years, demonstrating consistent shareholder value creation well above cost of equity.
  • Compounded sales growth of 18% over five years and 16% over three years points to a durable demand tailwind from electrification and industrial automation trends in India.
  • The company maintains a healthy dividend payout ratio of 50%, returning substantial cash to shareholders with a current yield of 1.36%.
  • The stock has delivered a 30% CAGR over five years and 21% over ten years, reflecting long-term compounding supported by underlying business fundamentals.
  • TTM revenue growth of 10% shows the top line continues to expand even as the broader macro environment poses challenges.
Bear Case 7
  • TTM profit growth has turned negative at -13%, a sharp reversal from the 30% compounded profit CAGR over three years, raising questions about earnings sustainability.
  • Price-to-book stands at 14.99x, meaning investors pay nearly 15 times book value — any derating could cause outsized price declines.
  • Earnings include other income of ₹1,799 Cr, which inflates reported profitability and may not be recurring, making core operating performance harder to assess.
  • The stock is down approximately 16.6% from its 52-week high of ₹7,924.5, suggesting the market has already begun repricing growth expectations.
  • Ten-year compounded sales growth of only 5% indicates that the recent revenue acceleration may partly reflect cyclical tailwinds rather than a structural shift.
  • With an EPS of ₹141 against a share price of ₹6,605, investors are paying a significant premium per rupee of current earnings, amplifying downside risk in a slowdown.
  • Despite a 1-year stock CAGR of 31%, the divergence with negative TTM profit growth suggests the stock may have run ahead of fundamentals.

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

AI News Digest

9h ago

TL;DR: The ABB-Mitsubishi JV adds a new structural uncertainty around exports. The November 13 quarterly results are the next decisive catalyst — a margin recovery toward the mid-teens could stabilize sentiment, while another flat quarter would likely deepen the sell-side conviction and extend the drawdown.

Headwinds 4
  • Margins eroding three straight quarters Oct 21

    EBITDA margin slipped from 15.4% in Dec 2025 to 12.6% in Jun 2026, a 280 bps erosion. Material costs climbed to 63% of revenue from 60% a year earlier.

  • Order growth stalling sequentially Oct 21

    Sep quarter order intake estimated at ₹4,400–4,600 crore, essentially flat versus Jun quarter's ₹4,363 crore, after 81% YoY growth reported in the prior period.

  • ABB-Mitsubishi JV export overhang Oct 21

    ABB Global is forming a 51% JV with Mitsubishi Electric for ~$495 million targeting Southeast Asian markets. ABB India derives ~10% of revenue from exports, and the JV could cannibalize that volume.

Positives 3
  • Strong order backlog foundation Oct 21

    ABB India's order book stands at roughly ₹11,900 crore, providing revenue visibility. ABB Global's order book grew 40% to $12.06 billion with a positive book-to-bill ratio expected for 2026.

  • Stock still up ~28% YTD Oct 21

    Despite the 6% single-day fall on Oct 21 and being 17% below its 52-week high of ₹7,924.5, the stock remains up approximately 28% for the year.

  • Parent guides low-teens revenue growth Oct 21

    ABB Global expects comparable revenue growth in the low-teens range YoY for 2026, with Sep quarter revenues up 14% to $9.70 billion.

Neutral 2
  • New CFO appointed from Jan 2027 Oct 6

    ABB India appointed Suneel Kumar Munaga as CFO and Key Managerial Personnel effective January 1, 2027. He currently serves as VP and Business Area Controller.

  • Q2 results due Nov 13 Oct 21

    Quarterly results scheduled for November 13 will be the key catalyst, with markets watching order intake, margin trajectory, and management commentary on pricing power.

Quarterly Results

₹ Cr
ABB quarterly results, ₹ crore
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
76.82
71
87
86.75
93
86.62
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
35.54
37
39.64
42
39
PBT
393
484
447
617
594
597
705
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 (₹)
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

Profit & Loss

₹ Cr
ABB profit and loss, annual, ₹ crore
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
352
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
2,230
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 (₹)
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%
—

Balance Sheet

₹ Cr
ABB balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
ABB cash flow, annual, ₹ crore
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/EBITDA
104
79
152
252
182
156
157
135
102
115
86
87

Ratios

ABB financial ratios, annual
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

Log in to view ABB insights

62 extracted metrics across FY11–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.00%
  • DIIs 9.80%
  • FIIs 7.57%
  • Public 6.14%
  • Others 1.48%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about ABB India

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.
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 PE ratio of ABB India Ltd?
ABB India Ltd trades at a PE ratio of 47.87 as of 4 Nov 2026, on earnings per share of ₹141, 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 as of 4 Nov 2026.
Does ABB India Ltd pay dividends?
ABB India Ltd has a dividend yield of 1.36%.
What is the Return on Equity (ROE) of ABB India Ltd?
ABB India Ltd reported a return on equity of 22.40%. 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.

Website abb.co.in
CEO Mr. Sanjeev Sharma
Employees 3,625
Listed 8 Feb 1995
Face Value ₹2

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