ABB India Ltd
ABB NSE
ABB India Ltd
Industrials F&ONSE: ABB BSE: 500002 Electrical Equipment
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]
AI Verdict: HOLD Confidence: 6%
ABB India is a high-quality, debt-free industrial compounder with 57% profit CAGR over 5 years, but at 51.4x PE and 19.5x PB, the stock prices in years of growth. With TTM profit declining 19% and 52% of analysts rating it a Sell, risk-reward is unfavorable at current levels.
Key Fundamentals
LargecapElectrical EquipmentCapital GoodsMarket Cap
1.5L Cr
Volatility
Moderate
P/E Ratio
49.77
EBITDA
₹2,395 Cr
Return on Equity
21%
Debt to Equity
0.01
Book Value
₹369.78
EPS
₹75.95
52W High
₹7,822.5
52W Low
₹4,637.5
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 18.8 times its book value
- Earnings include an other income of Rs.1,814 Cr.
Growth Rate
Revenue Growth
8.08% ↘
Net Income Growth
-10.95% ↘
Cash Flow Change
-8.43% ↘
ROE
-19.59% ↘
ROCE
-19.92% ↘
EBITDA Margin (Avg.)
-16.65% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoHOLD
Risk high
ABB India is a high-quality, debt-free industrial compounder with 57% profit CAGR over 5 years, but at 51.4x PE and 19.5x PB, the stock prices in years of growth. With TTM profit declining 19% and 52% of analysts rating it a Sell, risk-reward is unfavorable at current levels.
Bull Case 7
- Exceptional 5-year compounded profit growth of 57% CAGR demonstrates strong earnings power and operating leverage
- Virtually debt-free balance sheet provides financial resilience and flexibility for capex investments in India's industrial upcycle
- Healthy 3-year ROE of 25% and 5-year ROE of 22% indicate consistent high-quality capital allocation
- Stock has delivered 33% CAGR over 5 years, significantly outperforming broader market indices
- Consistent 50% dividend payout ratio signals shareholder-friendly management and earnings confidence
- 5-year compounded sales growth of 18% reflects strong order book execution and demand tailwinds from electrification and automation
- Market cap of Rs 1,53,761 Cr provides institutional liquidity and index inclusion benefits
Bear Case 8
- PE ratio of 51.4x is extremely stretched even for a quality industrial, leaving no margin of safety for execution misses
- TTM compounded profit has declined 19%, signaling a potential earnings deceleration or base-effect normalization
- 51.85% of analysts (14 out of 27) rate the stock a Sell, reflecting consensus view that valuations are unjustifiable
- Price-to-book of 19.5x implies the market is paying a massive premium over tangible asset value, increasing downside risk
- Earnings quality concern: other income of Rs 1,814 Cr inflates reported profits and may not be sustainable or recurring
- Dividend yield of just 0.54% offers negligible income cushion during potential market corrections
- TTM sales growth has decelerated sharply to 8% from the 3-year CAGR of 16%, suggesting order momentum may be slowing
- Only 14.81% of analysts (4 out of 27) recommend buying at current levels, indicating limited institutional conviction
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Positives 2
- 5-day winning streak, +22% YoY May 29
ABB India gained 1% to ₹7,291 extending its winning streak to 5 sessions, with 22.11% YoY returns significantly outpacing NIFTY's 3.64% decline over the same period.
- Bombay HC quashes adverse award Jun 10
Bombay High Court quashed an August 2024 arbitral award against ABB India in a decades-old share dispute, setting aside the tribunal's order and directing return of amounts previously released to the claimant.
Neutral 3
- Trading window closed for Q1FY26 Jun 13
ABB India shut its trading window from June 15, 2026 until 48 hours after Q1FY26 results, a routine SEBI insider trading compliance measure.
- Postal ballot for MD appointment May 26
ABB India initiated postal ballot for shareholder approval of a new Managing Director and Non-Executive Director, with e-voting open May 27 to June 25, 2026.
- Premium valuation at 100x PE May 29
ABB India trades at a PE ratio of 100.41 on trailing twelve months earnings ending March 2026, reflecting high growth expectations but leaving limited margin for disappointment.
TL;DR: ABB India is performing well with strong price momentum (+22% YoY) and outperforming the broader market significantly. The Bombay HC ruling removing an adverse arbitral award is a modest legal positive. No material operational or sector headwinds emerged in recent news. The key risk remains its elevated valuation at 100x PE, which requires continued strong earnings delivery to sustain.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,411 | 2,509 | 2,769 | 2,757 | 3,080 | 2,831 | 2,912 | 3,365 | 3,010 | 3,175 | 3,311 | 3,423 | 3,184 |
| Expenses | 2,126 | 2,160 | 2,331 | 2,340 | 2,515 | 2,288 | 2,372 | 2,708 | 2,450 | 2,761 | 2,810 | 2,896 | 2,776 |
| Operating Profit | 285 | 349 | 439 | 417 | 565 | 542 | 540 | 657 | 560 | 414 | 500 | 527 | 408 |
| OPM % | 12% | 14% | 16% | 15% | 18% | 19% | 19% | 20% | 19% | 13% | 15% | 15% | 13% |
| Other Income | 72 | 75 | 78 | 71 | 87 | 88 | 93 | 83 | 110 | 99 | 84 | 89 | 1,541 |
| Interest | 2 | 1 | 1 | 8 | 4 | 5 | 3 | 5 | 5 | 4 | 6 | 5 | 4 |
| Depreciation | 27 | 29 | 30 | 33 | 31 | 31 | 33 | 34 | 34 | 36 | 37 | 39 | 42 |
| PBT | 328 | 393 | 485 | 447 | 617 | 595 | 597 | 702 | 631 | 474 | 542 | 571 | 1,904 |
| Tax % | 25% | 25% | 25% | 24% | 26% | 25% | 26% | 25% | 25% | 26% | 25% | 24% | 6% |
| Net Profit | 245 | 296 | 363 | 339 | 459 | 443 | 440 | 528 | 475 | 352 | 409 | 433 | 1,784 |
| EPS in Rs | 11.56 | 13.95 | 17.12 | 15.98 | 21.67 | 20.93 | 20.79 | 24.94 | 22.4 | 16.6 | 19.3 | 20.43 | 84.17 |
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 | 13,093 |
| 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 | 11,243 |
| Operating Profit | 576 | 734 | 710 | 425 | 466 | 538 | 268 | 566 | 968 | 1,497 | 2,311 | 2,045 | 1,850 |
| OPM % | 7% | 9% | 8% | 7% | 7% | 7% | 5% | 8% | 11% | 14% | 19% | 15% | 14% |
| Other Income | 14 | 6 | 122 | 267 | 339 | 26 | 170 | 266 | 506 | 289 | 344 | 349 | 1,814 |
| Interest | 122 | 106 | 108 | 62 | 60 | 28 | 25 | 19 | 15 | 13 | 16 | 20 | 19 |
| Depreciation | 113 | 160 | 151 | 101 | 93 | 90 | 120 | 103 | 105 | 120 | 129 | 146 | 154 |
| PBT | 355 | 475 | 573 | 528 | 652 | 445 | 293 | 711 | 1,353 | 1,653 | 2,510 | 2,229 | 3,491 |
| 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 | 2,977 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 |
| Borrowings | 371 | 600 | 600 | 608 | 7 | 14 | 58 | 37 | 33 | 49 | 52 | 85 |
| 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 |
| 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 |
| Fixed Assets | 1,400 | 1,298 | 1,255 | 1,219 | 893 | 742 | 783 | 817 | 899 | 994 | 1,062 | 1,195 |
| CWIP | 32 | 44 | 68 | 116 | 83 | 59 | 75 | 77 | 69 | 60 | 95 | 116 |
| Investments | 16 | 16 | 16 | 271 | 0 | 0 | 0 | 0 | 493 | 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 |
| 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 |
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
2
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
2d - ABB India held its 76th AGM on May 9, 2026; shareholders approved dividend and all resolutions. 2d - ABB India held its 76th AGM on May 9, 2026; shareholders approved dividend and all resolutions.
3
Shareholder Meeting / Postal Ballot-Outcome of AGM
2d - ABB India held its 76th AGM on May 9, 2026; all four resolutions passed. 2d - ABB India held its 76th AGM on May 9, 2026; all four resolutions passed.
4
Un-Audited Financial Results For The First Quarter Ended March 31, 2026
10h - ABB India Q1 FY26 results show ₹1,783.65 crore profit, including ₹1,658.48 crore robotics business sale gain. 10h - ABB India Q1 FY26 results show ₹1,783.65 crore profit, including ₹1,658.48 crore robotics business sale gain.
5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9h - ABB India shared Q1 CY2026 audited results and analyst call presentation on May 8, 2026. 9h - ABB India shared Q1 CY2026 audited results and analyst call presentation on May 8, 2026.
Frequently Asked Questions about ABB India Ltd
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 is listed on the Indian stock exchanges. It is listed on NSE: ABB and BSE: 500002. You can view its live share price, financials, and ratios on Tapetide.
Which sector does ABB India Ltd belong to?
ABB India Ltd operates in the Industrials sector within the Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of ABB India Ltd?
ABB India Ltd has a market capitalisation of approximately ₹149331.83 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of ABB India Ltd?
The Price-to-Earnings (PE) ratio of ABB India Ltd is 49.77. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of ABB India Ltd?
Over the past 52 weeks, ABB India Ltd has traded between a low of ₹4,637.5 and a high of ₹7,822.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does ABB India Ltd pay dividends?
Yes, ABB India Ltd has a dividend yield of 0.56%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of ABB India Ltd?
ABB India Ltd has a Return on Equity (ROE) of 21.00%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research ABB India Ltd on Tapetide?
On Tapetide, you can view ABB India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
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