ABB India Ltd. (CMP ā¹7,164.00, NSE: ABB)
Prepared by Sucrit Patil | The SmartWay Research Desk | 18 June 2026
A Bengaluruābased engineering and automation company, incorporated in 1949. ABB India operates across electrification, robotics, industrial automation, and motion solutions, serving power, manufacturing, transport, and infrastructure sectors.
Promoter Holding (Mar 2026): ABB Asea Brown Boveri Ltd. ā 75.00% stake (no pledges)
FY22āFY26 Snapshot
Revenue Growth: FY26 revenue ā¹12,842 Cr vs ā¹11,215 Cr in FY25 (+14.5% YoY). ā Good
Net Profit: FY26 PAT ā¹1,215 Cr vs ā¹1,048 Cr in FY25 (+15.9% YoY). ā Good
Operating Margin: FY26 EBITDA ā¹2,312 Cr, margin 18.0% vs 17.2% last year (+80 bps). ā Good
Equity Capital: Stable, face value ā¹2. ā Good
Dividend Policy: Dividend ā¹25.00/share declared for FY26. ā Good
Asset Building: Investments in robotics, EV charging, and smart grid solutions. ā Good
Sales: Strong demand from industrial automation and electrification projects. ā Good
Expense: Raw material cost pressures (steel, copper) remain. ā Neutral/Good
EPS: FY26 EPS ā¹72.15 vs ā¹62.20 last year (+16%). ā Good
Institutional Interest & Ownership Trends (Mar 2026)
Promoter Holding: 75.00% (no pledges)
FII Holding: 8.12%
DII Holding: 10.34%
Retail & Others: 6.54%
Strategic Moves & Innovations
Expansion in EV charging infrastructure and smart grids.
Focus on industrial robotics and automation solutions.
Partnerships with state utilities for electrification projects.
Diversification into renewable energy integration and digital solutions.
Cash Flow & Balance Sheet Strength
Market cap ~ā¹1,52,800 Cr.
Debtātoāequity ratio ~0.18 (low leverage).
Book value per share ā¹412.00; P/B ~17.4.
EPS (TTM) ā¹72.15; P/E ~99.3.
Risk Factors
High P/E ratio ~99.3, indicating premium valuations.
Dependence on industrial capex cycles.
Exposure to commodity price volatility (steel, copper).
Competition from Siemens India, Schneider Electric, and GE India.
Investor Takeaway
ABB India has delivered robust FY26 performance, supported by electrification, automation, and robotics demand. With strong promoter backing, dividend payouts, and leadership in industrial technology, ABB remains a premium play on Indiaās industrial automation and electrification growth story. At CMP ā¹7,164.00, valuations are expensive (P/E ~99.3, P/B ~17.4), reflecting high growth expectations but also significant risk.