ABB India Ltd
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
Business segments
ABB India is a subsidiary of ABB Ltd which is a leading electrification and automation company globally. It derives significant benefits from its parent in the form of access to centralised R&D facilities of ABB for which it pays royalty to ABB. ABB also provides management support through delegates on the board of ABB India.
Revenue Mix H1FY24
- Electrification – 41%
- Motion – 32%
- Process Automation – 22%
- Robotics and Discrete Automation – 4%
Shareholding Pattern (March 2025)
Financial Summary
| Particulars | Dec-22 | Dec-23 | Dec-24 |
| Sales | 8,568 | 10,447 | 12,188 |
| Sales Growth % | 23.56% | 21.93% | 16.67% |
| Expenses | 7,600 | 8,950 | 9,877 |
| Operating Profit | 968 | 1,497 | 2,311 |
| OPM % | 11% | 14% | 19% |
| Net Profit | 1,016 | 1,242 | 1,872 |
| EPS in Rs | 47.96 | 58.61 | 88.33 |
Final Outlook
ABB India Stock Outlook – July 2025
ABB India has delivered a robust start to CY2025 with strong fundamentals and operational excellence. The company posted a 20.1% PBT margin and ₹474 crore in PAT for Q1, reflecting a consistent uptrend across key financial metrics. Orders surged 39% QoQ to ₹3,751 crore, driven by diversified demand across railways, data centers, energy, and electronics. The ₹9,958 crore order backlog offers solid revenue visibility.
Operationally, ABB continues to leverage its “local-for-local” strategy with over 85% domestic revenues, aided by its multi-division portfolio. Electrification, Motion, and Robotics have shown healthy revenue contributions, though Process Automation lagged slightly. Sustainability remains a key pillar, with ~87% GHG emission reduction (Scope 1 & 2) and 50% facilities certified water positive.
Management commentary and macro tailwinds such as infrastructure spending, green energy focus, and manufacturing push (e.g., AI, renewables, hydrogen) align well with ABB’s core capabilities.
Valuation-wise, ABB trades at a premium justified by consistent earnings growth, debt-free status, and sectoral leadership. Risks include geopolitical tensions and commodity price volatility.
Final Verdict: ABB India remains a high-quality, long-term compounder with strong ESG credentials, a healthy order book, and execution capabilities. Maintain Positive Outlook; accumulate on market dips for long-term value.
