ABB India Ltd
ABB India Ltd
Capital Goods F&OKey Fundamentals
LargecapElectrical EquipmentCapital GoodsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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45 extracted metrics + investor summaries across FY12–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
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 17.4 times its book value
- Earnings include an other income of Rs.1,799 Cr.
Growth Rate
AI Analysis — Bull vs Bear
ABB India is a debt-free capital goods company with a market cap of ₹1,63,593 Cr trading at a PE of 54.6x and 17.5x book value. The company delivered 57% profit CAGR over 5 years but TTM profit has declined 13%, while sales grew 10% TTM on a 5-year sales CAGR of 18%.
- Company is virtually debt-free, providing financial flexibility and resilience through economic cycles
- 5-year compounded profit growth of 57% CAGR demonstrates strong earnings momentum over the medium term
- 3-year ROE of 25% and 5-year ROE of 22% indicate efficient capital allocation and high returns on shareholder equity
- Healthy dividend payout ratio of 50% signals shareholder-friendly capital return policy
- 5-year compounded sales CAGR of 18% reflects robust top-line expansion aligned with India's capital expenditure cycle
- Stock has delivered 35% CAGR over 5 years and 52% return in the last 1 year, showing sustained market re-rating
- 3-year compounded profit CAGR of 30% outpaces 3-year sales CAGR of 16%, indicating margin expansion and operating leverage
- PE ratio of 54.6x is significantly elevated relative to broader market averages, leaving limited margin of safety
- Stock trades at 17.5x book value, implying extremely rich valuation that prices in substantial future growth
- TTM profit growth has turned negative at -13%, signaling a potential deceleration in earnings trajectory
- Earnings include other income of ₹1,799 Cr, raising questions about the quality and sustainability of reported profits
- TTM sales growth of 10% has decelerated sharply from the 5-year CAGR of 18%, indicating slowing momentum
- Last year ROE of 22% has declined from the 3-year average of 25%, suggesting diminishing returns on equity
- 10-year sales CAGR of only 5% shows that long-term top-line growth has been structurally modest, with recent years being an outlier
- Dividend yield of just 1.17% offers limited income cushion given the premium valuation multiples
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Orders surge 50% in H1CY26 Aug 7
ABB India reported a 50% YoY jump in orders to ₹8,600 crore for H1CY26, with Q2 revenue rising 21%. Strong demand driven by data centers and renewables segments.
- Q1FY27 profit rises 8% Aug 4
Consolidated net profit grew to ₹370.07 crore from ₹342.55 crore YoY. Revenue from operations reached ₹3,558.87 crore on strong operational performance.
- ₹90 per share dividend declared Aug 1
ABB India declared a special/interim dividend of ₹90 per share alongside Q2FY27 results, reporting net profit of ₹362.30 crore driven by Electrification and Motion segments.
- Q2FY27 results call scheduled Jul 24
ABB India announced its Q2FY27 results call for July 31, 2026 at 6:30 PM IST to discuss unaudited financial results for the quarter ended June 30, 2026.
TL;DR: ABB India is firing on all cylinders with a 50% order surge, consistent profit growth, and robust demand from data centers and renewables. No material headwinds are visible in recent news flow. The ₹90 dividend signals management confidence in cash generation. The trend is clearly improving with strong order momentum providing multi-quarter revenue visibility.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Jun 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
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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 |
Ratios
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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% |
Documents
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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]