ABB

A B B share price & financials

Price
₹7,506
Market cap
₹1.6L Cr
Sector
Capital Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 31 Jul 2026

A B B Q2 CY2026

Revenue ₹6,743 cr +13%PAT — +8%EPS ₹33.61

What went well

  • Orders for Q2 CY2026 grew 50% year-on-year, driven by renewables, building & infrastructure, data centers, process automation, and food & beverages.
  • Revenue for Q2 CY2026 increased by 21% year-on-year, with half-year revenue at INR 6,743 crores, up 13%.
  • Operational EBITA for Q2 CY2026 was up 23%, reaching 12.6% for the quarter and 12.8% for the half-year.

What to watch

  • Material cost increased to 63% in Q2 CY2026, up from 61% last quarter, primarily due to hardening metal prices (copper).
  • Forex volatility and continued rupee depreciation are expected to create headwinds, impacting profitability.
Read the full call →

What A B B does

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

  • Electrification
  • Motion
  • Automation
Manufacturing locations
6
Business divisions
16
Market segments served
23+
Plants
25
Sales offices
28
Channel partners
750+
Founded 1949Headquarters Peenya, Bengaluru, Karnataka, IndiaEmployees 5,027 (2025-12-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 10 tracked 3 delivered 3 missed 4 open
  • Revenue Growth delivered said Q4 FY25 Promised: Our intent has always been to be aiming for double-digit growth. Q1 FY27: Achieved 21% YoY revenue growth, exceeding the double-digit ambition for the quarter.
  • PAT Margin missed said Q3 FY25 Promised: A band of 12 to 15% of PAT level is what we would like to look at. Q1 FY27: Reported Profit After Tax endpoint of 11.6% for the quarter, falling below the guided 12-15% corridor. Operational EBITA was 12.6%.
  • Capex for expansion on track said Q4 FY26 Promised: $75 million investments to expand manufacturing and R&D in the country. Q1 FY27: 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.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 21.1%, net profit up 2.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue2,912 3,365 3,010 2,940 3,311 +14%3,423 +2%3,184 +6%3,559 +21%
EBITDA540 657 560 401 500 −7%527 −20%408 −27%447 +11%
Net profit440 528 475 352 409 −7%433 −18%1,784 +276%362 +3%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +40.9% 1Y

₹5.0k₹6.0k₹7.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 23 Feb 2026Q4 FY26 — 8 May 2026Q1 FY27 — 31 Jul 2026

1Y: ₹5,161.9 on 10 Sept 2025 → ₹7,274. High ₹7,735 (6 Aug 2026), low ₹4,691.5 (20 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
−0.1%
31 Jul
Q4 FY26
−2.4%
8 May
Q3 FY26
−1.2%
23 Feb
Q2 FY26
−4.0%
7 Nov

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.

Financials, as filed

Revenue grew 10.2% a year over 2 years, FY23 to FY25. Operating margin widened to 15.7%.

Year endingFY23FY24FY25
Revenue₹10.4k Cr₹12.2k Cr₹12.7k Cr
Operating profit₹1.5k Cr₹2.3k Cr₹2.0k Cr
Operating margin14.3%18.9%15.7%
Interest₹12 Cr₹17 Cr₹20 Cr
Depreciation₹119 Cr₹129 Cr₹145 Cr
Net profit₹1.2k Cr₹1.9k Cr₹1.7k Cr
Net margin11.9%15.3%13.2%
Cash from operations₹1.4k Cr₹1.3k Cr₹1.2k Cr
Free cash flow₹1.2k Cr₹1.1k Cr₹980 Cr
ROCE31.0%39.0%30.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹42 Cr₹42 Cr₹42 Cr₹42 Cr₹42 Cr₹42 Cr
Reserves₹4.0k Cr₹4.9k Cr₹5.9k Cr₹7.0k Cr₹7.8k Cr₹9.3k Cr
Borrowings₹37 Cr₹33 Cr₹49 Cr₹52 Cr₹85 Cr₹145 Cr
Other liabilities₹4.0k Cr₹4.3k Cr₹5.0k Cr₹5.3k Cr₹5.7k Cr₹6.3k Cr
Total liabilities₹8.1k Cr₹9.3k Cr₹11.0k Cr₹12.4k Cr₹13.6k Cr₹15.7k Cr
Fixed assets₹817 Cr₹899 Cr₹994 Cr₹1.1k Cr₹1.2k Cr₹1.2k Cr
Capital work in progress₹77 Cr₹69 Cr₹60 Cr₹95 Cr₹116 Cr₹180 Cr
Investments₹0 Cr₹493 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr
Other assets₹7.2k Cr₹7.9k Cr₹9.9k Cr₹11.2k Cr₹12.3k Cr₹14.3k Cr
Total assets₹8.1k Cr₹9.3k Cr₹11.0k Cr₹12.4k Cr₹13.6k Cr₹15.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +2.23 pp while FIIs trimmed −1.58 pp.

Promoters
75.0%
FIIs
7.7%
DIIs
9.9%
Public
7.4%

Since Jun 2025

  • DIIs +2.23 pp
  • FIIs −1.58 pp
  • Public −0.64 pp

How it drifted, 12 quarters

Over this window DIIs went from 7.4% to 9.9% — +2.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 10.2%, DIIs 7.4%, Public 7.5%.Dec '23: Promoters 75.0%, FIIs 10.7%, DIIs 6.9%, Public 7.4%.Mar '24: Promoters 75.0%, FIIs 11.9%, DIIs 6.0%, Public 7.2%.Jun '24: Promoters 75.0%, FIIs 12.1%, DIIs 5.6%, Public 7.3%.Sep '24: Promoters 75.0%, FIIs 12.3%, DIIs 5.4%, Public 7.3%.Dec '24: Promoters 75.0%, FIIs 11.8%, DIIs 5.7%, Public 7.5%.Mar '25: Promoters 75.0%, FIIs 10.3%, DIIs 7.0%, Public 7.7%.Jun '25: Promoters 75.0%, FIIs 9.3%, DIIs 7.7%, Public 8.1%.Sep '25: Promoters 75.0%, FIIs 8.3%, DIIs 8.3%, Public 8.4%.Dec '25: Promoters 75.0%, FIIs 7.6%, DIIs 9.2%, Public 8.2%.Mar '26: Promoters 75.0%, FIIs 8.2%, DIIs 9.3%, Public 7.5%.Jun '26: Promoters 75.0%, FIIs 7.7%, DIIs 9.9%, Public 7.4%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 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.

Who is on the register

Named in the Jun 2026 filing

Every holder of A B B above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
ABB Asea Brown Boveri Limited 75.00%unchanged
LICI Money Plus Growth Fund Insurer3.16%newly disclosed
NPS Trust A/C - Abslpf Secure Retirement Equity Fund Pension / PF1.06%newly disclosed
Abb Norden Holding Ab 0.00%unchanged
LICI Jeevan Plus Growth Fund —off the list
ICICI Prudential Large Cap Fund Mutual fund—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.

Mutual funds in ABB

Filings to Aug 2026

0 new, 9 added, 5 trimmed, 0 sold out — net +0.55 L shares (+2.0%).

Held by funds
₹2.1k Cr
29 schemes
Biggest holder
Nippon India Large Cap Fund
₹557 Cr · 1.0% of that fund
SchemeHoldingLast month
Nippon India Large Cap Fund Nippon India Mutual Fund₹557 Crheld
Nippon India Multi Cap Fund Nippon India Mutual Fund₹271 Crheld
SBI MNC Fund SBI Mutual Fund₹214 Cr+0.30 L
HDFC Multi Cap Fund HDFC Mutual Fund₹189 Crheld
Nippon India ETF Nifty Next 50 Junior BeES Nippon India Mutual Fund₹141 Cr+0.06 L
HDFC Flexi Cap Fund HDFC Mutual Fund₹130 Cr+0.35 L
SBI ESG Exclusionary Strategy Fund SBI Mutual Fund₹111 Crheld
HDFC Manufacturing Fund HDFC Mutual Fund₹68 Crheld

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 Aug 2026

9 added, 5 trimmed — net +54,864 shares (+2.0%)

Funds are sitting on
+49%
vs est. average cost
Held by funds
₹2.1k Cr
29 schemes · ≈ 1.3% of the company
Biggest holder
Nippon India Large Cap Fund
₹557 Cr · 1.0% of that fund

Shares held by these funds +54%

Aug '23 27.58 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹7274, this stock must grow earnings at 47% every year for 7 years. Our analysis caps realistic growth at ~20%. At that growth it is worth ₹1934 — downside of 73%.

Growth the price implies
47.2% a year
for 7 years, fading to 4%
It has actually compounded at
19.7% a year
net profit, FY23–FY26 · EPS 19.7%
The gap
0.3 pp
-73% downside if it only repeats history
Price today ₹7,274 Value at the reference growth ₹1,934.24

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse A B B

Guides on how to read this kind of business and the numbers that matter.