ABB India Ltd

ABB India Ltd

₹ 6,905 2.13%
22 Nov - close price
About

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]

Key Points

Synergies with Parent
ABB India is a subsidiary of ABB Ltd which is a leading electrification and automation company globally. It derives significant benefits from its parent in the form of access to centralised R&D facilities of ABB for which it pays royalty to ABB. ABB also provides management support through delegates on the board of ABB India. [1]

  • Market Cap 1,46,315 Cr.
  • Current Price 6,905
  • High / Low 9,200 / 4,193
  • Stock P/E 86.7
  • Book Value 299
  • Dividend Yield 0.34 %
  • ROCE 30.7 %
  • ROE 22.9 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 20.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 27.6%

Cons

  • Stock is trading at 23.1 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,778 2,102 1,968 2,053 2,120 2,427 2,411 2,509 2,769 2,757 3,080 2,831 2,912
1,597 1,916 1,780 1,854 1,909 2,063 2,126 2,160 2,331 2,340 2,515 2,288 2,372
Operating Profit 181 185 188 199 211 364 285 349 439 417 565 542 540
OPM % 10% 9% 10% 10% 10% 15% 12% 14% 16% 15% 18% 19% 19%
15 101 334 19 88 69 72 75 78 71 87 88 93
Interest 2 4 1 3 2 7 2 1 1 8 4 5 3
Depreciation 29 23 26 25 27 27 27 29 30 33 31 31 33
Profit before tax 165 260 494 189 270 400 328 393 485 447 617 595 597
Tax % 27% 28% 25% 26% 27% 24% 25% 25% 25% 24% 26% 25% 26%
120 188 373 140 198 305 245 296 363 339 459 443 440
EPS in Rs 5.66 8.88 17.61 6.62 9.32 14.41 11.56 13.95 17.12 15.98 21.67 20.93 20.79
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 TTM
7,562 7,719 7,730 8,136 8,642 6,094 6,690 7,315 5,821 6,934 8,568 10,447 11,581
7,212 7,230 7,154 7,402 7,932 5,669 6,224 6,777 5,553 6,368 7,600 8,945 9,516
Operating Profit 350 489 576 734 710 425 466 538 268 566 968 1,501 2,065
OPM % 5% 6% 7% 9% 8% 7% 7% 7% 5% 8% 11% 14% 18%
7 3 14 6 122 267 339 26 170 266 506 289 338
Interest 57 116 122 106 108 62 60 28 25 19 15 17 19
Depreciation 94 103 113 160 151 101 93 90 120 103 105 120 128
Profit before tax 206 272 355 475 573 528 652 445 293 711 1,353 1,653 2,256
Tax % 33% 35% 36% 37% 35% 21% 22% 32% 25% 27% 25% 25%
137 177 229 300 374 420 511 303 219 520 1,016 1,242 1,682
EPS in Rs 6.48 8.35 10.78 14.15 17.67 19.82 24.11 14.32 10.35 24.53 47.96 58.61 79.37
Dividend Payout % 46% 36% 34% 26% 23% 22% 20% 34% 48% 21% 11% 50%
Compounded Sales Growth
10 Years: 3%
5 Years: 9%
3 Years: 22%
TTM: 14%
Compounded Profit Growth
10 Years: 21%
5 Years: 20%
3 Years: 93%
TTM: 40%
Stock Price CAGR
10 Years: 22%
5 Years: 41%
3 Years: 50%
1 Year: 62%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 18%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Jun 2024
Equity Capital 42 42 42 42 42 42 42 42 42 42 42 42 42
Reserves 2,556 2,635 2,770 2,966 3,244 3,565 3,965 3,478 3,564 4,003 4,897 5,902 6,299
328 620 371 600 600 608 7 14 58 37 33 49 47
3,544 3,752 3,639 3,800 3,844 4,673 5,063 4,167 3,926 3,991 4,346 5,008 5,315
Total Liabilities 6,470 7,050 6,822 7,409 7,731 8,888 9,077 7,701 7,590 8,073 9,318 11,001 11,703
1,207 1,392 1,400 1,298 1,255 1,219 893 742 783 817 899 994 1,005
CWIP 117 47 32 44 68 116 83 59 75 77 69 60 65
Investments 52 17 16 16 16 271 0 0 0 0 493 2 2
5,093 5,594 5,374 6,050 6,392 7,282 8,101 6,900 6,733 7,179 7,857 9,946 10,632
Total Assets 6,470 7,050 6,822 7,409 7,731 8,888 9,077 7,701 7,590 8,073 9,318 11,001 11,703

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
-50 330 479 382 863 792 625 667 318 650 742 1,351
-340 -209 -148 -76 -68 -318 151 -398 443 -2,008 1,826 -3,352
211 119 -422 42 -179 -171 -794 -147 -152 -127 -140 -269
Net Cash Flow -179 240 -91 347 615 302 -17 123 609 -1,485 2,428 -2,270

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Debtor Days 158 153 149 152 125 166 92 97 106 99 89 89
Inventory Days 68 73 67 71 67 111 79 68 83 83 98 90
Days Payable 140 154 146 159 154 261 160 150 169 185 182 179
Cash Conversion Cycle 85 72 71 64 38 15 11 15 20 -2 5 -0
Working Capital Days 59 55 53 56 37 -4 -97 13 -3 -4 -3 -9
ROCE % 10% 13% 15% 17% 17% 15% 17% 14% 7% 16% 23% 31%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
3.76% 3.68% 3.53% 5.39% 7.55% 8.45% 9.46% 10.18% 10.72% 11.89% 12.06% 12.28%
8.03% 8.22% 8.59% 11.89% 9.73% 8.98% 8.07% 7.37% 6.92% 5.95% 5.64% 5.42%
13.21% 13.10% 12.88% 7.69% 7.71% 7.56% 7.48% 7.47% 7.36% 7.15% 7.29% 7.29%
No. of Shareholders 80,46483,18789,7391,05,20597,7571,06,3961,09,4351,12,3991,02,0931,02,5571,32,5051,38,259

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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