Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
ABB India Limited (ABB)
Large CapIndustrials stocks · Large cap · NSE
ABB India Limited focuses on electrification, motion, and automation solutions with a strong manufacturing footprint and 28 sales offices. It serves 23 market segments, exports to 30+ countries, and represents all ABB Group business divisions in India.
Data qualityFresh enough for analysisQuote updated 21 Oct, 05:57 pm ISTDetails
Quote21 Oct, 05:57 pm IST
Base fundamentals17 Oct 2026 · screener
Latest result31 Jul, 11:03 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
37BearishSMA20 -6.3% / mo · MACD −
Stock trend: 32
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ABBD candles · FIT view-11.7%Latest close ₹6559.50 on 2026-10-21
Bar
-6.8%
RSI
37
MACD hist
-4.10
52W pos
58%
2026-10-21O ₹7038.00H ₹7038.00L ₹6510.00C ₹6559.50Vol 6.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ABBNifty India ManufacturingNifty 500
- ABB
- -12.9%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- -6.4 pp
Chart stats
21 Oct 2026- From 52W high
- -17.2%
- 52W range position
- 58%
- ATR (14)
- 3.4%
- Volume vs 20D
- 2.97x
- Avg traded value
- ₹169 Cr
- 20D price channel
- ₹6,510 - ₹7,405.5
₹7,924.5
₹4,637.5 - ₹7,924.5
₹225.6
Latest completed session
20-session average
38.0% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE49
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average42
Revenue +21.1% · PAT +2.8% YoY
Technical
Bearish37
Price trend and sector-relative-strength timing.
Valuation
Legacy model-18.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence81
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 42/100margin compression · Rev +21% YoY · PAT +3% YoY · +12% QoQ
Filed 31 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,559 Cr | +21.1% | +11.8% |
| EBITDA | ₹447 Cr | +11.5% | +9.6% |
| Operating margin | 13.0% | -100 bps | +0 bps |
| PAT | ₹362 Cr | +2.8% | -79.7% |
| PAT margin | 10.2% | -180 bps | -4586 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 93.50
- P/B
- 15.42
- EV/EBITDA
- 70.68
- Market Cap
- 144119.00Cr
Profitability
- ROE
- 22.40%
- ROCE
- 29.90%
- ROA
- 18.99%
- Dividend Y
- 0.58%
Growth (CAGR)
- Revenue 5Y
- 30.00%
- EPS 5Y
- 30.00%
- Revenue 3Y
- 18.00%
- EPS 3Y
- 18.00%
Balance Sheet
- Debt/Equity
- 0.02
- Interest Coverage
- 117.69×
- Altman Z
- 8.29
- Book Value
- 441.00
Cash Flow
- FCF Yield
- 1.10%
- FCF Positive Y
- 2/5
- OCF
- 1220.00 Cr
- EPS TTM
- 141.00
Shareholding
- Promoter Hold
- 75.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 66%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 3,559+11.8% vs prev
Net Profit
₹ CrLatest: 362-79.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 37.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~6.7% over last month) — short-term momentum negative.
- RSI(14) at 37 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 17% off 52W high · 41% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
76
RS percentile
Stage 1 Base / Transition
1M return
-9.8%
3M return
-12.9%
6M return
-13.4%
1Y return
+24.0%
RS 1D
-6
RS 20D
-3
Sector rank
#6
Industry rank
#11
Stage evidence
- Price is within 6.9% of the 30-week proxy.
- The 30-week proxy changed +1.5% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 131.15-5.07%
RS vs Nifty 500131
Valuation & peers
U-Score 49 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 49 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth13/25
Quality15/20
Balance Sheet11/15
Cash Flow5/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
49
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
49/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Quality contributes 15/20 to the score.
- Balance sheet contributes 11/15 to the score.
Main drags
- Fair-value margin of safety is negative at -18.4%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 5/10; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
93.5
PB
15.4
EV/EBITDA
70.7
ROE
22.4%
ROCE
29.9%
FCF Yield
1.1%
Debt/Equity
0.0
MoS
-18.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
49
Previous: 49
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-18.4%
Previous: -25.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
49
49
49
49
49
49
49
49
49
49
49
49
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹1,182.82
-454.6% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹5,541.3
-18.4% MoS
PEG
3.71
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SIEMENS
Large
Siemens Limited
Industrial Machinery
match 167
49
89.2
19.2%
-0%
FAIR VALUE
ELECON
Large
Elecon Engineering Company Limited
Industrial Machinery
match 123
47
34.7
16.4%
-7%
FAIR VALUE
EMMIL
SME
Energy Mission Machineries (India) Ltd.
Industrial Machinery
match 102
53
11.4
13.1%
+56%
FAIR VALUE
BHEL
Mid
Bharat Heavy Electricals Limited
Power Equipment
match 90
31
52.6
6.2%
-31%
OVERVALUED
GVT&D
Mid
GE Vernova T&D India Limited
Electrical Equipment
match 84
64
74.9
57.4%
-96%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-03T15:56:04.302Z
Management commentary snapshot
Q1 CY2026 saw robust 25% order growth, driven by data centers and railways, leading to a strong INR11,000 crore backlog. Revenue grew 6% but profitability was muted by West Asia crisis impacts, commodity price increases, and rupee depreciation.
Strong order intake and a growing backlog indicate resilient demand across core and emerging sectors, particularly data centers and railways. While Q1 profitability was impacted by external factors like geopolitical issues, commodity inflation, and currency depreciation, management views these as temporary. The company is expanding capacity to meet future demand.
Growth engines
Data Centers
Strong demand globally and in India, with 12-16% of current order book from data centers. Company is building capacity to meet demand.
Railways
Good order inflow from the rail segment, including rolling stocks and station development/innovation projects.
Renewables
Extremely promising, with great orders in Q1, especially for battery energy storage systems (BESS).
Building Infrastructure
Good numbers in commercial buildings and premium residential segments, though mid/lower-end residential is challenging.
Capacity and execution
Manufacturing & R&D Expansion
Announced $75 million investments to expand manufacturing and R&D in the country.
Data Center Capacity
Building up capacity to meet demand from hyperscalers, with delivery schedules for '26, '27, and '28 already in discussion.
New Product Localization
Dispatched first locally manufactured wind power converter from Nelamangala facility, opening new revenue streams.
Tailwinds
Resilient Demand
Demand has become resilient with a good uptick across all segments, including core and emerging sectors.
Robust Order Pipeline
Customer interest and order pipeline formation are robust, giving good visibility for future revenue execution.
High-Quality Product Preference
Demand for high-quality products like ours is quite high, and customers appreciate it.
Headwinds
Geopolitical Issues
West Asia crisis 'stifled the offtake as well as the supplies' in Q1, impacting revenue and profitability.
Commodity Price Inflation
Metal prices (copper, silver, aluminum) increased, leading to higher material costs, especially in electrification and motion segments.
Currency Depreciation
Indian rupee depreciating sharply against European and U.S. dollar impacted profitability.
Competition Intensity
Increased competition from Japanese, Korean, and Chinese players in certain market segments, impacting margins by ~1%.
Risk radar
Geopolitical Instability
Ongoing West Asia issues could have temporary impacts, creating disturbances to business linearity.
Commodity & Forex Volatility
Commodity and rupee depreciation impacts are not in company's control and can offset volume-driven margin improvements.
Pricing Power Limitations
Market acceptance of price increases is saturated compared to previous periods, making it harder to pass on full cost increases.
Automation Decision Speed
Automation division sees a good opportunity pipeline but 'decision-making speed is slightly slower'.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The company explicitly compares divisional performance YoY and discusses material cost changes relative to Q1 '25, indicating a focus on year-over-year trends for assessing business growth and cost impacts.
Sector KPIs management disclosed
Order Inflow
25% order growth in Q1 CY2026, with base orders up 9%. Large orders came from data centers and railways.
Order Book
INR11,000 crores backlog, providing good visibility for coming quarters.
Revenue
INR3,184 crores, 6% revenue growth, but 'slightly subdued' due to West Asia crisis impacting offtake and supplies.
Profitability
Muted profit growth due to higher material costs (up 3-3.5% YoY), competition intensity, rupee depreciation, and revenue mix.
Management forward view
Market Resilience
Management believes the team knows to keep focus on customers and fulfilling demands to stay resilient despite uncertainties.
Risk Mitigation Efforts
Continuous efforts are on to mitigate risks from forex and material volatility, aiming to improve margins through volume and pricing.
Long-term Stability Needed
Requires a 'sustained period of stability' without variations every few quarters for good margin availability.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Order Backlog Conversion | INR11,000 crores backlog. | Increased velocity of revenue conversion from the strong order backlog. |
| Pricing Power | Two price increases taken, but market acceptance is 'saturated'. | Market's willingness to accept further price increases to offset input cost inflation. |
| Commodity & Forex Stability | Significant headwinds from commodity prices and rupee depreciation. | Stabilization or favorable movement in commodity prices and currency exchange rates. |
| Automation Order Conversion | Good opportunity pipeline but slow decision-making. | Acceleration in decision-making and conversion of automation pipeline into orders. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
81Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 93rd percentile of the scored universe and 92nd percentile within Industrials. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
100 docs text-extracted · 50 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
93rd percentile
overall median 67 · Industrials: 92nd pctile, median 68 · Large: 82nd pctile, median 73
Evidence depth
Financial-only
100 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
4 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
65
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
67
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.1%.
- ▸Debt/equity is 0.02.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching ABB India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Company Ir
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Dividend Updates 31 Jul - Board declared ₹90 special dividend per share; record date August 7, 2026, payment by August 29, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 31 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 31 Jul - ABB India reported Q2 CY2026 record orders, 21% revenue growth, and special dividend of ₹90 per share.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 27 Jun - ABB India appoints Hemanth Kumar as Local Division Manager–Motion and SMP from July 1, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Jun - Kolkata Metro adopts ABB electrification and motion-control solutions; 25-year alliance supports 72-km network efficiency.
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Company Ir
Investor presentationMay 2026
May 2026 · PPT
Source: Company Ir
Concall transcriptMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 15 May - ABB India uploaded May 8, 2026 Q1 CY2026 earnings call transcript discussing results, orders, capex and data centers.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 27 May
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.