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Dossier · ABB INDIA LIMITED · 11 September 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
ABB INDIA LIMITED NSE: ABB · BSE: 500002
Industrials › Capital Goods › Electrical Equipment › Heavy Electrical Equipment
ABB INDIA LIMITED
StateQ1 FY27 filed
Last close · 10 Sept 2026₹7,274.00
Market cap₹154.1k cr
TTM P/E · P/B · EV/EBITDA51.6 · 16.50 · 67.8
Makes electrical equipment, drives, and industrial automation across three continuing segments. Electrification (48.5% of Q1 FY26 segment revenue, INR 1,564.47 cr) supplies low and medium voltage switchgear, variable frequency drives and power distribution solutions for buildings, data centres and rail networks. Motion (36.0%, INR 1,160.63 cr) sells motors, drives and motion control equipment used in industrial machinery. Automation (15.5%, INR 500.42 cr) provides process automation solutions for industries such as oil & gas, metals and renewables. Revenue in Q2 FY26 was INR 3,558.87 cr, up 21% year-on-year. Order backlog at end of Q2 FY26 stood at INR 11,898 cr, up 22% year-on-year, with data centres contributing 12-16% of the order book and delivery schedules stretching into 2028. The Robotics business was divested to a related party (ABB Robotics Schweiz AG) for INR 1,568.20 cr on March 1, 2026, and the Power Grids business is classified as a discontinued operation. Operations span 16 divisions and 23 market segments, with 75 years of manufacturing presence in India; the company announced a fresh USD 75 million capex to expand manufacturing and R&D. Material cost inflation was a 3.7 percentage-point headwind in Q1 FY26, split roughly into competition (~1pp), commodity prices and rupee depreciation (~2pp), and adverse revenue mix (~1pp). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Electrification (49%), Motion (36%), Automation (16%), Power Grids and Robotics & Discrete Automation (0%). Project- and order-driven B2B manufacturer of heavy electrical equipment, drives and automation, with material exposure to commodity prices and the Indian private capex cycle.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY22
FY26
Revenue
—
—
EBITDA (ex other income)
—
—
margin %
—
—
Owners' profit
—
—
EPS, as reported (₹)
—
—
ROE % · ROCE %
— · —
— · —
Debt / equity (x)
—
—
Cash from operations
—
—
Capex
—
—
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ABB INDIA LIMITED · 11 September 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q1 FY20
Q2 FY20
Q4 FY22
Q1 FY23
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
1,726
1,746
1,975
2,098
3,311
3,557
3,184
3,559
Profit before tax
113
113
198
203
542
578
462
499
Net profit
130
135
80
146
409
433
1,784
362
EPS (₹)
6.15
6.38
3.76
6.87
19.31
20.43
84.18
17.09
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
Segment
Revenue, ₹ crore
Share %
Motion
3,537
34.8
Electrification
4,541
44.7
Automation
500
4.9
Others
2
0.0
Unallocated
2
0.0
Robotics & Discrete Automation
316
3.1
Process Automation
1,254
12.3
Total, before eliminations
10,151
100.0
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
Dossier · ABB INDIA LIMITED · 11 September 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
1-day %
5-day %
10 Sept 2026 · Board meeting on Nov 13 for Q2 FY26 results; trading window closed
results
low
—
—
10 Sept 2026 · Board meeting on Nov 13 to consider Q2 FY26 results
results
low
—
—
7 Aug 2026 · ABB India Q2 CY26 analyst call: orders up 50%, EBITA at 12.6%
investor communications
medium
—
—
3 Aug 2026 · ABB India publishes Q2 FY26 unaudited results in newspapers
compliance
minimal
—
—
31 Jul 2026 · ABB India Q2 CY2026 results: Orders up 50%, special dividend declared
investor communications
medium
—
—
31 Jul 2026 · ABB India Q2 CY2026: Record orders up 50%, revenue up 21%, special dividend INR 90
compliance
low
—
—
31 Jul 2026 · ABB India declares Rs.90 special dividend per share
corporate actions
high
—
—
31 Jul 2026 · ABB India Q2 FY26 revenue up 21% YoY, declares Rs 90 special dividend
results
high
—
—
31 Jul 2026 · ABB India Q2 FY26 revenue up 21% YoY; declares Rs 90 special dividend
results
high
—
—
24 Jul 2026 · ABB India Q2 FY26 results call scheduled for July 31, 2026
board shareholder meetings
low
—
—
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
Where a broker report shows
This document shows
Why
A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
ROCE %
Rev CAGR 5y %
EBITDA m. %
ABB INDIA LIMITED ◆
1,54,136
51.6
16.50
—
23.0
10.2
—
15.2
BHEL
1,50,076
61.7
5.74
49.8
6.1
4.7
14.3
9.3
CG POWER AND IND SOL LTD
1,43,168
93.7
17.46
77.9
14.6
19.2
33.2
14.7
SIEMENS LTD
1,40,869
43.0
10.17
39.7
19.9
20.6
31.1
11.6
HITACHI ENERGY INDIA LTD
1,40,200
121.8
27.09
—
19.1
24.7
—
16.9
GE VERNOVA T&D INDIA LTD
1,16,454
89.2
43.29
—
45.8
57.9
—
27.4
SIEMENS ENERGY INDIA LTD
1,13,147
76.0
23.51
—
14.3
15.8
—
25.9
SUZLON ENERGY LIMITED
60,678
19.4
6.41
18.8
33.4
22.7
38.0
16.4
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
51.6
35.1
23 of 34
33%
P/B
16.5
5.7
28 of 33
16%
ROCE
10.2
16.6
26 of 36
29%
ROE
23.0
14.6
9 of 35
77%
Debt / Equity
0.0
0.1
2 of 35
65%
EBITDA margin
15.2
16.4
21 of 35
41%
Revenue growth
69.6
17.7
3 of 33
94%
Profit growth
148.7
6.7
3 of 32
94%
Market cap
154136
7198
1 of 35
100%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
an event is a fact; a rating is an opinion that requires SEBI RA registration
A target price and upside
The current price and the multiples against the group
a target is a forecast; a multiple is a measurement
Estimate years marked E
More audited years; no estimates
MarketPing publishes no forecasts — your own model lives on the Models page
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
