Arthneeti

ABB India Q4 FY26 Share Price & Earnings Call Analysis

₹6,530.00+0.62% today
Market cap
₹1.38L Cr
P/E
89.79
ROE
22.39%
PEG
3.02
Price to sales
10.26
Debt to equity
0.02
52W high / low
₹7,735 / ₹4,692
Sales growth (5Y)
17.80%
EBITDA margin
13.97%
Net profit margin
12.65%
Promoter holding
75.00%
Sales (last year)
₹13,477 Cr

ABB India Limited is an integrated power equipment manufacturer supplying the complete range of engineering, products, solutions and services in areas of Automation and Power technology. [1]

Guidance scorecard · Q4 FY26 call

What A B B's management guided
and where it ranks in Electrical Equipment

RevenueWhat management saidMarginsFlatCapexWhat management saidFundraisingWhat management saidOrder bookRising

RevenueQ4 FY26 call

  • Strong order momentum with 25% order growth and 6% revenue growth in Q1 indicates robust demand across sectors.
  • Base business grew at 9%, reflecting steady market velocity and confidence in order conversion.
  • Good backlog of INR 11,000 crores provides strong revenue visibility for coming quarters.
  • Expected capacity absorption and increased velocity in revenue conversion can drive future growth.
  • Market segments like data centers, renewables, infrastructure, transport, and process industries show resilience and growth potential.
  • Despite near-term uncertainties like West Asia issues, these are seen as temporary disturbances.
  • Continued investment in manufacturing and R&D (around $75 million) to expand product capabilities and local footprint.

2 more points from A B B's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what A B B said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

  • ABB India has announced a $75 million capital investment to expand manufacturing and R&D capacities in the country.
  • The capex is aimed at expanding production capacities and introducing new localized product pipelines with mandates for both India and exports.
  • Investments are focused on supporting growing businesses that require larger manufacturing facilities.
  • The expansion is a continuous process with a future run rate expected for such investments.
  • Part of the investment supports the first locally manufactured wind power converter from the Nelamangala facility, opening new revenue and order streams.
  • The capex excludes the Hyderabad labs, which have separate investment plans.

2 more points from A B B's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

Ask what A B B said on fundraising →

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Rising
  • Current order backlog stands at INR 11,000 crores, providing good visibility for the coming quarters.
  • Data center-related orders make up about 12% to 16% of the total order book.
  • There has been strong inflow of orders from data centers (both hyperscale and colocation) and railway projects.
  • Recent large orders have been booked from data center and railway segments.
  • The company is building capacity to meet increasing demand from hyperscalers in the data center segment.
  • INR 2,100 crores worth of orders are under execution and completion, signaling ongoing workload.

2 more points from A B B's call on the order book

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Full Q4 FY26 analysis
Full Electrical Equipment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does A B B rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹72,673 Cr18.1
240%+Up 2%+₹21,700 Cr158.1
340%+Up 2%+₹491 Cr12.2
440%+Up 0–2%₹12,434 Cr48.4
540%+Up 0–2%₹2,042 Cr35.4
640%+Up 0–2%₹529 Cr7.0

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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

Financials of A B B

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of A B B

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,4112,5092,7692,7573,0802,8312,9123,3653,0103,1753,3113,4233,184
Expenses +2,1262,1602,3312,3402,5152,2882,3722,7082,4502,7612,8102,8962,776
Operating Profit285349439417565542540657560414500527408
OPM %12%14%16%15%18%19%19%20%19%13%15%15%13%
Other Income +72757871878893831109984891,541
Interest2118453554654
Depreciation27293033313133343436373942
Profit before tax3283934854476175955977026314745425711,904
Tax %25%25%25%24%26%25%26%25%25%26%25%24%6%
Net Profit +2452963633394594434405284753524094331,784
EPS in Rs11.5613.9517.1215.9821.6720.9320.7924.9422.4016.6019.3020.4384.17

Financials of A B B

Profit & Loss

Annual income statement trend

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales +7,7308,1368,6426,0946,6907,3155,8216,9348,56810,44712,18813,20313,093
Expenses +7,1547,4027,9325,6696,2246,7775,5536,3687,6008,9509,87711,15811,243
Operating Profit5767347104254665382685669681,4972,3112,0451,850
OPM %7%9%8%7%7%7%5%8%11%14%19%15%14%
Other Income +146122267339261702665062893443491,814
Interest12210610862602825191513162019
Depreciation1131601511019390120103105120129146154
Profit before tax3554755735286524452937111,3531,6532,5102,2293,491
Tax %36%37%35%21%22%32%25%27%25%25%25%25%
Net Profit +2293003744205113032195201,0161,2421,8721,6682,977
EPS in Rs10.7814.1517.6719.8224.1114.3210.3524.5347.9658.6188.3378.73140.50
Dividend Payout %34%26%23%22%20%34%48%21%11%50%50%50%

Financials of A B B

Balance Sheet

Capital structure and asset base

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Equity Capital424242424242424242424242
Reserves2,7702,9663,2443,5653,9653,4783,5644,0034,8975,9027,0337,794
Borrowings +371600600608714583733495285
Other Liabilities +3,6393,8003,8444,6735,0634,1673,9263,9914,3465,0085,2645,718
Total Liabilities6,8227,4097,7318,8889,0777,7017,5908,0739,31811,00112,39113,638
Fixed Assets +1,4001,2981,2551,2198937427838178999941,0621,195
CWIP32446811683597577696095116
Investments1616162710000493222
Other Assets +5,3746,0506,3927,2828,1016,9006,7337,1797,8579,94611,23312,326
Total Assets6,8227,4097,7318,8889,0777,7017,5908,0739,31811,00112,39113,638

Financials of A B B

Cash Flows

Operating, investing and financing cash movement

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity +4793828637926256673186507421,3511,3321,220
Cash from Investing Activity +-148-76-68-318151-398443-2,0081,826-3,352-503364
Cash from Financing Activity +-42242-179-171-794-147-152-127-140-269-770-966
Net Cash Flow-91347615302-17123609-1,4852,428-2,27059617
Free Cash Flow3722927596073895452055145941,1681,118980
CFO/OP104%79%152%252%182%156%157%135%102%115%86%87%

Financials of A B B

Ratios

Working capital efficiency and return ratios

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days14915212516692971069989898988
Inventory Days6771671117968838398909698
Days Payable146159154261160150169185182179173165
Cash Conversion Cycle71643815111520-25-01321
Working Capital Days365637-4-9713-4-5-4-10-15
ROCE %15%17%17%15%17%14%7%16%23%31%39%30%

Guidance history

How A B B's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →—Flat——Rising
Q3 FY26 call →10–20%FlatPlanned—Flat
Q2 FY26 call →10–20%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

26out of 100

Momentum score · price trend

26 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+23.5%75%
Last 6 months−9.7%37%
Last 3 months−10.4%39%

The price is 27.6% below its all-time high of ₹9,020 (14 Jun 2024). Stocks more than 20% below their peak have their score halved, so 53 became 26.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For A B B: 0.4 × 75 + 0.4 × 37 + 0.2 × 39 = 53, halved to 26 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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What A B B's management said in earlier quarters

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