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The Indian listed arm of Swiss-Swedish ABB, making electrification and automation equipment (motors, drives, robotics, switchgear) for Indian industry.
The Indian listed arm of Swiss-Swedish ABB, making electrification and automation equipment (motors, drives, robotics, switchgear) for Indian industry.
Sells switchgear, motors and drives plus project systems, mostly to Indian manufacturers and infrastructure builders, so orders follow factory and infrastructure investment. The Swiss parent ABB holds the large majority and supplies the technology and brand.
In one line: The Indian subsidiary of ABB (industrial automation/electrification).
Moat: narrow (brand, scale, process know-how). Parent ABB's global engineering and brand give it a leading position in India's industrial automation/electrification market.
Headquarters: Bengaluru, India · Founded: 1949 · Employees: 5,027
Size ABB India (ABB.NS) is an India Industrials company (Electrical Products) with a market value of $15.2B, the 71st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹6,774 on 6 Nov 2026.
Performance Over six months the shares fell 5.8%, against -26.0% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 7.9% over the last twelve months (peer median +22.8%); the operating margin is 13.3% (peer median 10.5%).
Valuation It trades at 85.7× forward earnings against a peer median of 18.1× (most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 47% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +29 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 48.5 points above its cost of capital (14.5% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹136B | ₹132B | ₹122B | ₹104B | ₹85.7B |
| Revenue growth | — | +8% | +17% | +22% | — |
| Gross profit | ₹40.6B | ₹40.0B | ₹40.5B | ₹27.8B | ₹20.9B |
| EBITDA | ₹19.7B | ₹21.2B | ₹23.6B | ₹15.5B | ₹10.3B |
| Net income | ₹29.9B | ₹16.7B | ₹18.7B | ₹12.4B | ₹10.2B |
| Free cash flow | n/a | ₹12.8B | ₹14.2B | ₹14.4B | ₹6.97B |
| Capital expenditure | n/a | ₹2.40B | ₹2.14B | ₹1.83B | ₹1.68B |
| Total debt | ₹1.45B | ₹848M | ₹519M | ₹490M | ₹331M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ABB India ABB.NS | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% |
| Siemens SIEMENS.NS | $13.4B | -8% | -12% | 9% | 72.7× | n/a |
| CG Power & Industrial Solutions CGPOWER.NS | $12.9B | -10% | +24% | 12% | 72.3× | n/a |
| Schneider Electric Infrastructure SCHNEIDER.NS | $2.69B | -21% | +10% | 10% | 76.0× | 56.2% |
| Honeywell Automation India HONAUT.NS | $2.81B | -2% | +5% | 13% | 39.5× | 32.9% |
| Larsen & Toubro LT.NS | $59.8B | +2% | +11% | 8% | 27.6× | 29.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ABB.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.3% | -6.8% | 6th highest of 21 |
| 6-month return | -5.8% | -26.0% | 2nd highest of 21 |
| Distance from 52-week high | -14.5% | -41.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +7.9% | +22.8% | 5th lowest of 21 |
| Operating margin | 13.3% | 10.5% | 6th highest of 20 |
| Forward P/E | 85.7× | 18.1× | most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 47.3% | 13.7% | most demanding of 13 |
| Growth delivered (Del g) | +17.8% | +12.9% | 2nd highest of 13 |
| Hurdle (Req g minus delivered) | +29.5 pp | -0.9 pp | 3rd most demanding of 13 |
| ROIC minus cost of capital | +48.5 pp | +2.8 pp | 2nd highest of 19 |
| EV / EBITDA | 69.3× | 31.1× | most expensive of 9 |
| Net debt / EBITDA | -3.6× | -0.9× | least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ABB India ABB.NS | India | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% | +17.8% |
| Ningbo Deye Technology 605117.SS | China | $15.3B | -26% | +71% | 27% | 17.3× | 7.9% | +32.1% |
| Bharat Heavy Electricals BHEL.NS | India | $15.4B | +3% | +29% | 9% | 41.2× | 44.1% | +14.6% |
| Hengtong Optic-Electric 600487.SS | China | $14.9B | -38% | +21% | 9% | 11.8× | n/a | n/a |
| Zangge Mining 000408.SZ | China | $15.5B | -26% | +35% | 51% | 12.5× | 22.0% | +13.4% |
| TBEA 600089.SS | China | $14.2B | -29% | +12% | 6% | 15.2× | n/a | n/a |
| EVE Energy 300014.SZ | China | $17.0B | -28% | +51% | 6% | 15.5× | n/a | n/a |
| Siemens SIEMENS.NS | India | $13.4B | -8% | -12% | 9% | 72.7× | n/a | n/a |
| Dongfang Electric 1072.HK | Hong Kong | $13.1B | -56% | +7% | 5% | 10.4× | n/a | n/a |
| CG Power & Industrial Solutions CGPOWER.NS | India | $12.9B | -10% | +24% | 12% | 72.3× | n/a | n/a |
| Ls Electric 010120.KS | South Korea | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% | +15.6% |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
| Shanghai Electric 601727.SS | China | $12.3B | -24% | +16% | n/a | 64.2× | -5.7% | -1.6% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Yangtze Optical Fibre & Cable Joint Stock 601869.SS | China | $19.8B | -32% | +68% | 34% | 23.8× | 15.7% | +11.6% |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |