Order Book Or Contract Wins
Expected: CY 2026 executionHIGH confidence
What: Order Growth: 52%
“And we also had the benefit of large orders, which was there, and that's why we saw 52% growth.”
ABB India Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +21.9%Average12w StreakAccelerating
In , ABB India Ltd (Electric Equipment - General) is outperforming Nifty 500 with +21.9% relative strength. Fundamentals: Average. On a 12-week streak.
ABB India Ltd Key Facts
- PE Ratio
- 97.6x
- Price/Book
- 47.37x
- Market Cap
- ₹1,48,601 Cr
- PAT Growth YoY
- +276%
- Revenue Growth YoY
- +6%
- OPM
- 13.0%
- RS vs Nifty 500
- +21.9%
Emerging Opportunity
What's Happening
⏳Steady earner with flat PE — waiting for re-rate catalyst
💪Debt reduced 65% YoY — balance sheet strengthening
🌐FII stake decreased 4.0% this quarter
🏛️DII accumulation — stake up 2.9%
💰Trading 14% above estimated fair value
Earnings Acceleration Triggers
1. Order Book Or Contract Wins
CY 2026 executionHIGH
2. Mandatory Industry Norms
H2 CY 2026MEDIUM
3. Order Inflow growth of 52% in Q4
HIGH
Key Risks
1. Quality Control Orders (QCO) are forcing a shift to expensive imported component
HIGH2. Rising prices of copper and other metals are increasing material costs
MEDIUM3. One-time impact of INR 65 crores due to the new Labour Code
LOWSector-Specific Signals
Order BacklogINR 10,471 Cr+12%
Q4 Order InflowINR 14,115 Cr (Full Year)+52% (Q4)
Material Cost % of Revenue61%+300 bps
Export Revenue Share10%Not Given
Key Numbers
PAT Growth YoY
+276%
Inflection Up
Revenue YoY
+6%
Stable
Operating Margin
13.0%
-600 bps YoY
PE Ratio
97.6
EV/EBITDA
53.1
Current Price
₹7,012
Dividend Yield
0.56%
Fundamental Score
46/100
Average
3Y PAT CAGR
+17%
Market Cap
1.5L Cr
Valuation
Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are ABB India Ltd's Earnings Accelerating?
Based on Q3 FY26 earnings • Updated Apr 18, 2026
Mandatory Industry Norms
Expected: H2 CY 2026MEDIUM confidence
What: IE3/IE4 Transition: 50% of production
“I think it is high time that we mature towards IE3 and IE4 efficiency levels. And if it happens, a welcome move.”
Order Inflow growth of 52% in Q4
HIGH confidence
What: Order Inflow growth of 52% in Q4
“And we also had the benefit of large orders, which was there, and that's why we saw 52% growth. And these orders, which were delayed in the last 2 quarters.”
What Are the Key Risks for ABB India Ltd?
Earnings deceleration risks from management commentary
Quality Control Orders (QCO) are forcing a shift to expensive imported component
HIGHTrigger: Government mandates for BIS certification are facing bottlenecks in testing infrastructure.
Impact: PAT impact: 3% margin gap
Management view: Strategic stocking of imported materials to ensure delivery despite higher costs.
Monitor: regulatory
Rising prices of copper and other metals are increasing material costs
MEDIUMTrigger: Global commodity price trends are currently unfavorable for input costs.
Management view: Balancing price increases with absorption based on market situation.
Monitor: commodity
One-time impact of INR 65 crores due to the new Labour Code
LOWTrigger: Provisioning for regulatory changes in labor costs.
Impact: PAT impact: INR 65 Cr
Management view: Treated as a normal personnel expense to remain conservative.
Monitor: labor
What Is ABB India Ltd's Management Saying?
Key quotes from recent conference calls
“And our order backlog stands at Rs. 9,895 crores, gives us a good visibility of revenues in the coming quarters. [Previous Order Backlog guidance]”
“Your profit margins for the quarter are closer to the lower end of the white band of 12% to 15% that you wish to operate in. [Previous Profitability Band guidance]”
“And that imported material will get consumed in the next 2 quarters, right? So therefore, we will have a bit of a higher material cost. [Initiative: QCO Compliance via Imports]”
“So, roughly, this works out to a gap of 3% on an average... contributing to that. And so, that is how we see EL. [Risk (regulatory): HIGH]”
What Did ABB India Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
INR 3,557 Cr
YoY +6%
Why: Management attributed the growth to a good catch-up after the festival period between October and November.
Revenue growth was more moderate compared to the 14% growth seen in the previous quarter.
EBITDA
INR 547.8 Cr
Margin 15.4%
Why: Margins were impacted by higher material costs due to the strategic decision to use imported materials to address QCO concerns.
EBITDA margin of 15.4% is at the upper end of the company's long-term target band.
PAT
INR 433.9 Cr
Why: Profitability was influenced by higher material costs and personnel expenses including a one-time impact of the Labour Code.
PAT margin stood at 12.2% for the quarter.
Other Highlights
• Order growth of 52% YoY reaching INR 14,115 crores for the full year.
• Order backlog at a record high of INR 10,471 crores, up 12%.
• Final dividend declared at INR 29.59 per share.
What Sector Metrics Matter for ABB India Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Order Backlog
INR 10,471 Cr
YoY +12%QoQ +5.8%
Why: Strong order inflows in Q4, particularly in Electrification and Motion.
Q4 Order Inflow
INR 14,115 Cr (Full Year)
YoY +52% (Q4)
Why: Finalization of large orders that were delayed in previous quarters.
Material Cost % of Revenue
61%
YoY +300 bps
Why: Strategic use of imported materials to bypass QCO certification delays.
Export Revenue Share
10%
YoY Not Given
Why: Domestic market is growing faster than exports.
Service Revenue Mix
13%
YoY Stable
Why: Ratios remain consistent with previous periods.
Data Center % of Backlog
10-11%
YoY Not Given
Why: Strong demand from both hyperscale and co-location data centers.
Core Sector Revenue Share
52%
YoY Not Given
Why: Core industries like metals, cement, and oil & gas remain the primary volume drivers.
Electrification Order Growth
43%
YoY +43%
Why: Strong traction in data centers and base orders.
What Is ABB India Ltd's Management Guidance?
Forward-looking targets from management for CY 2026
OPM Guidance
12–15%
Revenue Outlook
Double-digit growth
Margin Outlook
REAFFIRMED
Management Tone: BULLISH
How Fast Is ABB India Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +6% | +4% | Stable |
| PAT (Net Profit) | +276% | +17% | Inflection Up |
| OPM | 13.0% | -600 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Other Top Electric Equipment - General Stocks Beating Nifty 500
Frequently Asked Questions: ABB India Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were ABB India Ltd's latest quarterly results?
ABB India Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +275.6% (turning around (inflection up))
- Revenue Growth YoY: +5.8%
- Operating Margin: 13.0% (volatile)
Is ABB India Ltd's profit growing or declining?
ABB India Ltd's profit is growing with an turning around (inflection up) trend.
- PAT Growth YoY: +275.6% (latest quarter)
- PAT Growth QoQ: +312.0% (sequential)
- 3-Year PAT CAGR: +17.0%
- Trend: Turning around (inflection up) — consistent growth pattern
What is ABB India Ltd's revenue growth trend?
ABB India Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +5.8%
- Revenue Growth QoQ: -7.0% (sequential)
- 3-Year Revenue CAGR: +4.2%
How is ABB India Ltd's operating margin trending?
ABB India Ltd's operating margin is volatile.
- Current OPM: 13.0%
- OPM Change YoY: -6.0% basis points
- OPM Change QoQ: -2.0% basis points
What is ABB India Ltd's 3-year profit and revenue CAGR?
ABB India Ltd's long-term compounding rates
- 3-Year Profit CAGR: +17.0%
- 3-Year Revenue CAGR: +4.2%
Is ABB India Ltd's growth accelerating or decelerating?
ABB India Ltd's earnings growth is turning around (inflection up) with positive momentum on a sequential basis.
- YoY Acceleration: +118.0% bps
- Sequential Acceleration: +44.1% bps
- Margin Warning: Operating margins are under pressure
What is ABB India Ltd's trailing twelve month (TTM) performance?
ABB India Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹3,000 Cr
- TTM PAT Growth: +87.4% YoY
- TTM Revenue: ₹13,000 Cr
- TTM Revenue Growth: +15.0% YoY
- TTM Operating Margin: 14.0%
Is ABB India Ltd overvalued or undervalued?
ABB India Ltd appears overvalued based on our fair value analysis.
- Valuation Signal: Overvalued
- Current PE: 97.6x
- Price-to-Book: 18.9x
What is ABB India Ltd's current PE ratio?
ABB India Ltd's current PE ratio is 97.6x.
- Current PE: 97.6x
- Market Cap: 1.5 Lakh Cr
- Dividend Yield: 0.56%
How does ABB India Ltd's valuation compare to its history?
ABB India Ltd's current PE is 97.6x.
- Current PE: 97.6x
- Valuation Assessment: Overvalued
What is ABB India Ltd's price-to-book ratio?
ABB India Ltd's price-to-book ratio is 18.9x.
- Price-to-Book (P/B): 18.9x
- Book Value per Share: ₹370
- Current Price: ₹7012
Is ABB India Ltd a fundamentally strong company?
ABB India Ltd is rated Average with a fundamental score of 45.7/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +5.8% (10% weight)
- PAT Growth YoY: +275.6% (10% weight)
- PAT Growth QoQ: +312.0% (10% weight)
- Margins stable (10% weight)
- EV/EBITDA: 53.1x vs sector median (15% weight)
Is ABB India Ltd debt free?
ABB India Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹85 Cr
What is ABB India Ltd's return on equity (ROE) and ROCE?
ABB India Ltd's return ratios over recent years
- Dec 2012: ROCE 10.0%
- Dec 2025: ROCE 30.0%
Is ABB India Ltd's cash flow positive?
ABB India Ltd's operating cash flow is positive (Dec 2025).
- Cash from Operations (CFO): ₹1,000 Cr
- Free Cash Flow (FCF): ₹2,000 Cr
- CFO/PAT Ratio: 73% (adequate)
What is ABB India Ltd's dividend yield?
ABB India Ltd's current dividend yield is 0.56%.
- Dividend Yield: 0.56%
- Current Price: ₹7012
Who holds ABB India Ltd shares — promoters, FII, DII?
ABB India Ltd's shareholding pattern (Mar 2026)
- Promoters: 75.0%
- FII (Foreign): 8.2%
- DII (Domestic): 9.3%
- Public: 7.5%
Is promoter holding increasing or decreasing in ABB India Ltd?
ABB India Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 75.0% (Mar 2026)
- Previous Quarter: 75.0% (Dec 2025)
- Change: 0.00% (stable)
How long has ABB India Ltd been outperforming Nifty 500?
ABB India Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Is ABB India Ltd a new momentum entry or an established outperformer?
ABB India Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for ABB India Ltd?
ABB India Ltd has 3 key growth catalysts identified from recent earnings analysis
- Order Book Or Contract Wins — Delayed large orders from previous quarters have finally converted.
- Mandatory Industry Norms — India's move toward higher efficiency standards for motors will favor ABB's premium portfolio.
- Order Inflow growth of 52% in Q4 — Driven by the finalization of large orders that were delayed in previous quarters and strong base business growth.
What are the key risks in ABB India Ltd?
ABB India Ltd has 3 key risks worth monitoring
- [HIGH] Quality Control Orders (QCO) are forcing a shift to expensive imported component — Government mandates for BIS certification are facing bottlenecks in testing infrastructure.
- [MEDIUM] Rising prices of copper and other metals are increasing material costs — Global commodity price trends are currently unfavorable for input costs.
- [LOW] One-time impact of INR 65 crores due to the new Labour Code — Provisioning for regulatory changes in labor costs.
What did ABB India Ltd's management say in the latest earnings call?
In Q3 FY26, ABB India Ltd's management highlighted
- "And our order backlog stands at Rs. 9,895 crores, gives us a good visibility of revenues in the coming quarters. [Previous Order Backlog guidance]"
- "Your profit margins for the quarter are closer to the lower end of the white band of 12% to 15% that you wish to operate in. [Previous Profitability ..."
- "And that imported material will get consumed in the next 2 quarters, right? So therefore, we will have a bit of a higher material cost. [Initiative: ..."
What is ABB India Ltd's management guidance for growth?
ABB India Ltd's management has provided the following forward guidance for CY 2026
- Revenue outlook: Double-digit growth
- OPM guidance: 12–15%
- Management tone: bullish
What sector-specific metrics matter most for ABB India Ltd?
ABB India Ltd's most important sub-sector-specific KPIs from the latest concall
- Order Backlog: INR 10,471 Cr (YoY +12%) (QoQ +5.8%) — Strong order inflows in Q4, particularly in Electrification and Motion.
- Q4 Order Inflow: INR 14,115 Cr (Full Year) (YoY +52% (Q4)) — Finalization of large orders that were delayed in previous quarters.
- Material Cost % of Revenue: 61% (YoY +300 bps) — Strategic use of imported materials to bypass QCO certification delays.
- Export Revenue Share: 10% (YoY Not Given) — Domestic market is growing faster than exports.
- Service Revenue Mix: 13% (YoY Stable) — Ratios remain consistent with previous periods.
- Data Center % of Backlog: 10-11% (YoY Not Given) — Strong demand from both hyperscale and co-location data centers.
Is ABB India Ltd worth studying for long term investment?
Based on quantitative research signals, here is why ABB India Ltd may be worth studying
- Earnings growing at +275.6% YoY
- Cash flow is positive — CFO ₹1,000 Cr
What is the investment thesis for ABB India Ltd?
ABB India Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: Order Book Or Contract Wins
Risk Factors (Bear Case)
- Margins under pressure
- Appears overvalued
- Key risk: Quality Control Orders (QCO) are forcing a shift to expensive imported component
What is the future outlook for ABB India Ltd?
ABB India Ltd's forward outlook based on current data signals
- Earnings Trend: turning around (inflection up)
- Revenue Trend: stable
- Margin Trend: volatile
- Valuation: Overvalued
- Key Catalyst: Order Book Or Contract Wins
- Key Risk: Quality Control Orders (QCO) are forcing a shift to expensive imported component
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.