Indian arm of Swiss ABB, making electrification and automation gear — motors, drives, switchgear — across 6 plants
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,559 | +21.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 13.0 | −1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 362 | +2.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 16.51 | −4.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 7.42 | −1.8 pts | Fiscal year | FY ending Dec 2025 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 10.22 | +6.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
3 of 6 judged targets kept · 4 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Revenue Growth | Our intent has always been to be aiming for double-digit growth. | Q4 FY25 | Achieved 21% YoY revenue growth, exceeding the double-digit ambition for the quarter. | Achieved |
| PAT Margin | A band of 12 to 15% of PAT level is what we would like to look at. | Q3 FY25 | Reported Profit After Tax endpoint of 11.6% for the quarter, falling below the guided 12-15% corridor. Operational EBITA was 12.6%. | Missed |
| Capex for expansion | $75 million investments to expand manufacturing and R&D in the country. | Q4 FY26 | Reiterated and clarified the capex plan as $75-80 million to be spent over the next 2-3 years to support growth in segments like data centers and renewables. | On Track |
3 of A B B's 10 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 7 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹5,181 on 24 Oct 2025 → ₹6,550. High ₹7,735 (6 Aug 2026), low ₹4,691.5 (20 Jan 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
ABB India is the listed Indian entity of the ABB Group, a global technology leader in electrification and automation. It manufactures and sells low- and medium-voltage distribution products, switchgear, motors, drives, traction systems, and process automation and measurement equipment for sectors such as data centres, renewables, railways and metro, buildings and infrastructure, metals, and process industries. It earns through products, projects, and services sold via OEMs, EPCs, channel partners, and end users, with the large majority of revenue from the domestic market and a growing export share. ABB has operated in India for over a century and manufactured for more than 75 years.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
3 of 6 judged targets kept · 4 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Revenue Growth | Our intent has always been to be aiming for double-digit growth. | Q4 FY25 | Achieved 21% YoY revenue growth, exceeding the double-digit ambition for the quarter. | Achieved |
| PAT Margin | A band of 12 to 15% of PAT level is what we would like to look at. | Q3 FY25 | Reported Profit After Tax endpoint of 11.6% for the quarter, falling below the guided 12-15% corridor. Operational EBITA was 12.6%. | Missed |
| Capex for expansion | $75 million investments to expand manufacturing and R&D in the country. | Q4 FY26 | Reiterated and clarified the capex plan as $75-80 million to be spent over the next 2-3 years to support growth in segments like data centers and renewables. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 10 tracked commitments, with each call’s wording and source.
Call summaries
A B B Q2 CY2026
ABB reported a strong Q2 CY2026 with orders up 50% and revenue up 21% year-on-year, supported by a robust INR 11,900 crore order backlog. Operational EBITA grew 23%, reaching 12.6% for the quarter. The company declared an interim dividend of INR 90 per share. However, profitability faced headwinds from rising material costs, forex volatility, and a lag in price pass-through, alongside geopolitical uncertainties.
Read the full callA B B Q1 CY2026
ABB India reported a strong 25% order growth and 6% revenue growth to INR 3,184 crores for Q1 CY2026, supported by a robust INR 11,000 crores order backlog. Profitability was muted due to external factors like the West Asia crisis, metal price volatility, and rupee depreciation, which impacted material costs. The company announced a $75 million investment in manufacturing and R&D, and sees resilient demand across its diverse market segments, particularly in data centers and renewables.
Read the full callA B B Q4 CY25
ABB India delivered strong Q4 and full-year 2025 results, with robust order and revenue growth, and a healthy backlog. While profitability faced headwinds from higher material costs and Labour Code adjustments, management remains optimistic for 2026, driven by private capex, infrastructure, and emerging sectors like data centers, with a focus on strategic market engagement and sustainability.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 4 fiscal years held (Dec 2011 to Dec 2025).
Financials
Net profit, year on year: +3% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,912 | 3,365 | 3,010 | 2,940 | 3,311 | 3,423 | 3,184 | 3,559 |
| Expenses | 2,372 | 2,708 | 2,450 | 2,539 | 2,810 | 2,896 | 2,776 | 3,112 |
| Operating profit | 540 | 657 | 560 | 401 | 500 | 527 | 408 | 447 |
| Operating margin | 19.0% | 20.0% | 19.0% | 14.0% | 15.0% | 15.0% | 13.0% | 13.0% |
| Other income | 93 | 83 | 110 | 109 | 84 | 89 | 1,541 | 85 |
| Interest | 3 | 5 | 5 | 4 | 6 | 5 | 4 | 2 |
| Depreciation | 33 | 34 | 34 | 35 | 37 | 39 | 42 | 39 |
| Profit before tax | 597 | 702 | 631 | 471 | 542 | 571 | 1,904 | 491 |
| Tax rate | 26.0% | 25.0% | 25.0% | 25.0% | 25.0% | 24.0% | 6.0% | 26.0% |
| Net profit | 440 | 528 | 475 | 352 | 409 | 433 | 1,784 | 362 |
| EPS (₹ per share) | 20.79 | 24.94 | 22.40 | 16.60 | 19.30 | 20.43 | 84.17 | 17.10 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Sales | 8,620 | 10,446 | 12,188 | 12,684 |
| Expenses | 7,657 | 8,957 | 9,883 | 10,695 |
| Operating profit | 963 | 1,490 | 2,304 | 1,988 |
| Other income | 223 | 296 | 351 | 392 |
| Interest | 13 | 12 | 17 | 20 |
| Depreciation | 106 | 119 | 129 | 145 |
| Profit before tax | 1,067 | 1,653 | 2,511 | 2,215 |
| Net profit | 729 | 1,243 | 1,870 | 1,669 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 | Dec 2025 | Jun 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 42 | 42 | 42 | 42 | 42 | 42 |
| Reserves | 4,897 | 5,902 | 7,033 | 7,152 | 7,794 | 9,297 |
| Borrowings | 33 | 49 | 52 | 73 | 85 | 145 |
| Other liabilities | 4,346 | 5,008 | 5,264 | 5,532 | 5,718 | 6,252 |
| Total liabilities | 9,318 | 11,001 | 12,391 | 12,800 | 13,638 | 15,736 |
| Fixed assets | 899 | 994 | 1,062 | 1,114 | 1,195 | 1,249 |
| Capital work in progress | 69 | 60 | 95 | 100 | 116 | 180 |
| Investments | 493 | 2 | 2 | 2 | 2 | 2 |
| Other assets | 7,857 | 9,946 | 11,233 | 11,584 | 12,326 | 14,306 |
| Total assets | 9,318 | 11,001 | 12,391 | 12,800 | 13,638 | 15,736 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | 318 | 650 | 742 | 1,351 | 1,332 | 1,220 |
| Cash from investing | 443 | -2,008 | 1,826 | -3,352 | -503 | 364 |
| Cash from financing | -152 | -127 | -140 | -269 | -770 | -966 |
| Net cash flow | 609 | -1,485 | 2,428 | -2,270 | 59 | 617 |
| Free cash flow | 205 | 514 | 594 | 1,168 | 1,118 | 980 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Debtor days | 106 | 99 | 89 | 89 | 89 | 88 |
| Inventory days | 83 | 83 | 98 | 90 | 96 | 98 |
| Days payable | 169 | 185 | 182 | 179 | 173 | 165 |
| Cash conversion cycle | 20 | -2 | 5 | 0 | 13 | 21 |
| Working capital days | -4 | -5 | -4 | -10 | -1 | 5 |
| Return on capital employed | 7.0% | 16.0% | 23.0% | 31.0% | — | 30.0% |
| Dividend payout | 48.0% | 21.0% | 11.0% | 50.0% | 50.0% | 50.0% |
The businesses behind the company’s reported revenue.
Electrification contributes 50.1% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
₹1,804.35 crore
₹1,268.77 crore
₹524.07 crore
₹2.69 crore
₹0.00 crore
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Electrification | 1,804.35 | 50.1% |
| Motion | 1,268.77 | 35.2% |
| Automation | 524.07 | 14.6% |
| Others | 2.69 | <0.1% |
| Unallocated | 0.00 | 0.0% |
| Power Grids and Robotics & Discrete Automation (Discontinued Operations) | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Electrification grew from 25% to 50% of revenue over the last two years.
| Segment | Jun 2019 | Sep 2019 | Mar 2022 | Jun 2022 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Electrification | 25% | 25% | 43% | 39% | 41% | 45% | 48% | 50% | — |
| Motion | 21% | 21% | 36% | 39% | 35% | 33% | 36% | 35% | — |
| Automation | — | — | — | — | — | — | 16% | 15% | — |
| Others | 1% | 3% | 1% | 1% | <1% | — | <1% | <1% | — |
| Unallocated | — | — | — | — | — | <1% | 0% | 0% | — |
| Power Grids and Robotics & Discrete Automation (Discontinued Operations) | — | — | — | — | — | — | 0% | 0% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
To justify its price of ₹6550, this stock must grow earnings at 45% every year for 7 years. Our analysis caps realistic growth at ~19%. At that growth it is worth ₹1906 — downside of 71%.
Ownership
Promoters hold 75.00% as of Sept 2026; institutions cut 0.19 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of A B B above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 75.00% | unchanged | |
| 2.83% | newly disclosed | |
| 1.06% | newly disclosed | |
| Mutual fund | 1.01% | newly disclosed |
| Insurer | — | off the list |
| Pension / PF | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
2 new, 11 added, 5 trimmed, 1 sold out — net +2.04 L shares (+7.2%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Large Cap Fund Nippon India Mutual Fund | ₹494 Cr | held | Feb '13 |
| HDFC Flexi Cap Fund HDFC Mutual Fund | ₹259 Cr | +2.04 L | May '26 |
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹241 Cr | held | Mar '17 |
| SBI MNC Fund SBI Mutual Fund | ₹203 Cr | +0.20 L | Mar '26 |
| HDFC Multi Cap Fund HDFC Mutual Fund | ₹176 Cr | held | Oct '25 |
| Nippon India ETF Nifty Next 50 Junior BeES Nippon India Mutual Fund | ₹126 Cr | +0.01 L | Mar '23 |
| SBI ESG Exclusionary Strategy Fund SBI Mutual Fund | ₹98 Cr | held | Aug '21 |
| HDFC Manufacturing Fund HDFC Mutual Fund | ₹63 Cr | held | May '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
11 added, 5 trimmed — net +2.04 L shares (+7.2%)
Shares held by these funds +77%
Oct '23 30.23 L shares Sep '26
Your own record
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