ABB India Ltd(ABB)

NSE: ABBBSE: 500002

₹ 6,140-4.95%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1.30 L crNext results: 13 Nov 2026Website: www.abb.co.inUpdated: 24 Oct 2026

About

ABB India Ltd manufactures and sells electrification, motion, process automation, and (until early 2026) robotics equipment for industrial, infrastructure, and utility customers across India. The company reported revenue of INR 13,203 crore in CY2025, with four business segments and manufacturing across six locations. It is a subsidiary of ABB Ltd (Switzerland) and is listed on Indian stock exchanges.^[1][2][3][4]

Key operating numbers

Order inflows in Q2 CY2026 grew 50% YoY to INR 4,363 crore; H1 CY2026 order inflows up 36% YoY to INR 8,643 crore.^[3]
Order backlog at end of Q2 CY2026 stood at INR 11,898 crore, up 22% YoY; book-to-bill ratio approximately 1.2x.^[3]
Full-year CY2025 orders were INR 14,115 crore, up 8% YoY and representing a 16% CAGR since 2021.^[4]
Material cost rose to 62.9% of revenue in Q2 CY2026, up from 61.3% in Q1 CY2026 and 60.2% in Q2 CY2025, driven by copper, silver and rupee depreciation.^[3]
Export revenue share declined to 13% in Q2 CY2026, down from 17% in Q2 CY2025.^[3]
Services account for approximately 30% of Automation segment revenue in Q2 CY2026.^[3]

Segment order trends

Electrification orders grew 77% YoY in Q2 CY2026 to INR 2,424 crore; backlog at INR 4,863 crore, up 39% YoY. Data centers, metals & mining, infrastructure and cement were key contributors.^[3]
Motion order backlog at INR 4,889 crore in Q2 CY2026, up 22% YoY; Motion has maintained 20%+ order growth consistently, driven by rail, renewables and private industries.^[3][5]
Automation order backlog at INR 2,224 crore in Q2 CY2026, down 1% YoY; segment depends on private capex where decision-making has been slow.^[3][5]
Data centers contributed 15 - 17% of Q2 CY2026 orders, up from 12 - 16% of backlog in Q1 CY2026 and approximately 10 - 11% of backlog at end of CY2025.^[3][5][4]
Core industries (metals, chemicals, oil & gas), which form approximately 52% of volumes, showed increased investment activity in Q4 CY2025 after being muted for several quarters.^[4]

Operations and manufacturing

ABB India operates six manufacturing locations as of Q2 CY2026, after commissioning a second factory at Nelamangala in Q1 CY2026 for new data center products.^[3]
Capacity utilisation is managed at a maximum of 80 - 85%, with ongoing capex to maintain at least 15% headroom at all times.^[3]
The first locally manufactured wind power converter was dispatched from the Nelamangala facility in Q1 CY2026.^[5]
Over 50% of own motor production is at IE3/IE4 efficiency levels; IE5 ultra-premium efficiency LV motors based on induction technology (rare-earth free) have also been launched.^[4][6]

Customers and end-markets

Key end-markets in H1 CY2026 by order contribution: data centers (15 - 17%), metals & mining (15%), oil & gas (9%), buildings & infrastructure (8%), renewables (6%).^[3]
Both hyperscaler and colocation data center segments are active; colocation showed substantial growth in Q3 CY2025, while hyperscaler pipeline extends delivery schedules into CY2027 - 2028.^[6][5]
Process Automation revenues were flat at approximately INR 600 crore per quarter in Q3 CY2025, as large project decisions were delayed and the division relied on retrofits and smaller orders.^[6]

Expansion and capex

A USD 75 - 80 million capex programme is underway to expand manufacturing capacity and R&D, covering new product lines with both domestic and export mandates, targeting completion through 2028.^[3][5]
Dedicated breaker capacity investment for data center requirements is underway; management expects data center demand to multiply through CY2027 - 2028.^[3]
Annual capex investment is sized to support 10 - 15% incremental revenue growth each year.^[3]

Recent developments

Robotics business slump sale to ABB Robotics Schweiz AG closed in Q1 CY2026 for INR 1,568.2 crore (EV/Revenue 3.53x, EV/EBITDA 25.87x on CY2024 basis); cash position reached approximately INR 7,600 crore post-proceeds.^[4][5]
Two rounds of price list increases were implemented in the Electrification segment in H1 CY2026 to offset copper, silver and forex inflation; Distribution Solutions also revised price lists.^[3]
India - EU Free Trade Agreement signed in January 2026, expected to enter into force late 2026 or early 2027; ABB India is a net importer (~20% imports vs ~10% exports) and expects net positive impact on margins and bid competitiveness.^[4]
T.K. Sridhar is to assume the Managing Director role from 1 January 2027; a new CFO appointment was expected to be announced within two months of the Q2 CY2026 earnings call.^[3]
QCO (Quality Control Order) compliance process is ongoing; government relaxations and timeline extensions have been received, and localisation progress is described as well-managed.^[3]

Market Cap

₹1,30,112 Cr

High / Low

₹7,923 / 4,641

Stock P/E

43.5

Price / Book

13.9

Book Value

₹370

EPS

₹78.7

No. of Shares

21.19 Cr

ROCE

28.7%

ROE

21.3%

OPM

16.6%

Debt / Equity

0.00

Sales

₹13,203 Cr

Net Profit

₹1,668 Cr

Promoter holding

75.0%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials

ABB India Ltd(ABB)

About

Key operating numbers

Segment order trends

Operations and manufacturing

Customers and end-markets

Expansion and capex

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

Corporate Actions