Please refer to important disclosures at the end of this report
ABB India Limited (ABB) is an India-
based company, which is engaged in power
and automation business.
ABB’s Q1CY17 quarter results reported stellar 28%
jump in order inflows at `2,342crore
, driven by government initiatives and
investments, and traction in the transportation sector led by railways.
company said it had an order backlog of `12,023crore as of 31
March 2017
providing visibility for future revenue.
So, with a respectable order book most of
which is to be executed over a 12-15 month
horizon, there is hope for strong
revenue growth. Indeed, ABB like the other multinational capital goods firms in
the listed universe commands a premium valuation over its domestic peers. An
increase in short-gestation orders and margin expansion are a mus
t to support
valuation. The company continues to focus on introduction of new products and
tailor the technology to meet Indian requirement. The company has reported a
profit growth of 26.1% CAGR for the last 3 years. Hence Buy.
CMP `1,538
Stock Info
Bloomberg Code
Shareholding Pattern (%)
Promoters 75.0
MF / Banks / Indian Fls 13.1
FII / NRIs / OCBs 4.5
Indian Public / Others 7.3
Abs. (%) 3m 1yr 3yr
Sensex 5.7 16.5 30.2
ABB 25.5 23.0 84.8
Reuters Code ABB.BO
BSE Sensex 29,933
Nifty 9,317
Face Value (
Capital Goods
Market Cap (
cr) 32,587
52 Week High / Low 1618/950
Avg. Daily Volume 8,419
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808[email protected]
ABB India
Others |
Capital Goods
May 10, 201
ABB India
Capital Goods
, 201
Research Team Tel: 0
39357800 E
mail: research@angelbroking.
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Ratings (Based on expected returns
Buy (> 15%)
Accumulate (5% to 15%)
Neutral (
5 to 5%)
over 12 months investment period):
Reduce (
5% to
Sell (<