ABB India Ltd. share price target

Performance takes a hit in Q4; Stable Outlook ABB India undertakes manufactures heavy engineering & industrial equipment and undertakes engineering and construction projects. The company operates mainly through the Robotics & Motion, Electrification...

ABB's 4QCY21 revenue grew 24% YoY and was in line with our estimates. However, EBITDA at ~INR1.9b was 6% below our estimates because of lower EBITDA margin at 8.8% (v/s expectation of 9.3%). Other income was at INR599m (110% higher than our estimate), which was partially offset by lower depreciation and higher effective tax rate (32.8%). As indicated by the management, there are signs of green shoots across key end-markets such as renewables, water and waste water, data centers, warehouse and logistics, power distribution, marine and railways. However, cements, oil and...

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,...

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...

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 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...