ABB India Ltd. share price target

ABB India (ABB) reported strong quarterly performance led by pickup in utilization level, exports market and service business. Order inflow came in at Rs22.7bn, led by uptick in short cycle order, translating to order book of Rs49bn. Demand scenario continue to remains strong and going forward sectors such as data center, pharma, railway, metros, renewables, building,...

Expect revenue, EBITDA to grow at CAGR of ~18.8%, 28.5%, respectively, in CY21E-23E due to strong traction in short cycle products and services Key risk: (i) Any slowdown in capex across infrastructure, transportation, industrials, power, manufacturing etc. (ii) Any slowdown in R&D; spending...

ABB India (ABB) reported strong set of number with EBITDA margin expanding by 197bps YoY to 9.5% mainly led by 1) improved capacity utilization, 2) revenue mix, 3) operational efficiency and 4) cost optimization. Order inflow came in at Rs19.1bn driven by order win in new high growth sectors like renewables water, data centers, railways, metro and F&B; and other traditional sectors such as steel, cement, energy and power distribution...

ABB India undertakes manufactures heavy engineering & industrial equipments and undertakes engineering and construction projects. The company operates mainly through the Robotics & Motion, Electrification...

Management indicated about evaluation of organic and inorganic growth opportunities with expected revival in economic activity. ABB India (ABB) reported strong set of numbers led by 1) pickup in execution across all the business verticals, 2) uptick in service business, 3) improving operational efficiency and 4) cost optimization measures. Order inflow came in at Rs16.9bn (up 41% on low base) largely driven by motion and electrification segments. Exports (16% of total OI) and service segment are...

ABB India manufactures heavy engineering & industrial equipment and undertakes engineering and construction projects. The company operates mainly through the Robotics & Motion, Electrification products and...

Cash conversion cycle continues to remain with cash and cash balance of Rs25.3bn as on Q1CY21 vs Rs14.6bn in Q1CY20. ABB India (ABB) reported decent set of numbers across all its segments led by pickup in economic activity, better OB execution and cost rationalization initiatives resulting in margin improvement. During 1Q, Robotics segment grew by 13% YoY while Industrial Automation/Motion business grew by 11% YoY as execution ramped up across verticals. Order inflows came in at...

ABB India manufactures heavy engineering & industrial equipment and undertakes engineering and construction projects. The company operates mainly through the Robotics & Motion, Electrification products and...

impacted due to lower sales and one-time impact (~Rs930mn) on certain Industrial Automation business. Revenue declined by 13% YoY led by degrowth across segments. Robotics/Electrification/Industrial Automation/ Motion business were down 34%/22%/7%/5% YoY. OI came in at Rs14.7bn, down 7% YoY led by delay in awarding. Order wins were mainly from sectors like power distribution, renewables, construction, energy and mining segments. OB remained subdued at Rs41bn providing revenue visibility for few quarters. Sectors like Data centre, Pharma, Renewables, F&B; continue to...

Data centers, Pharma F&B;, Renewables, Railways/Metro, Power T&D; continue to remain focus areas going ahead. ABB India (ABB) reported decent performance in challenging times led by strong focus on execution of OB, cost rationalization initiatives and higher other income. During the quarter Motion division grew by 4% YoY led by conversion of backlog orders in all major segments, while other segments reported de-growth. Order inflow came in at Rs13bn, down 19% YoY owing to...