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₹1,53,941Cr
Electric Equipment - General
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Compare up to 10 companies side by side across valuation, profitability, and growth.

ABB
VS
| Quarter | Jun 2019 | Sep 2019 | Mar 2022 | Jun 2022 | Sep 2024 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | | | | | | | 13.7 | 5.7 |
| 2,094 | 1,602 | 1,622 | 1,787 | 1,891 | 2,372 | 2,708 | 2,761 | 2,810 | 3,011 |
Operating Profit Operating ProfitCr |
| 4.9 | 7.2 | 7.1 | 9.5 | 9.8 | 18.6 | 19.5 | 13.0 | 15.1 | 15.4 |
Other Income Other IncomeCr | 1 | 20 | 16 | 38 | 25 | 93 | 87 | 100 | 84 | 76 |
Interest Expense Interest ExpenseCr | 13 | 10 | 4 | 1 | 3 | 3 | 5 | 4 | 6 | 5 |
Depreciation DepreciationCr | 12 | 22 | 23 | 26 | 26 | 33 | 34 | 36 | 37 | 40 |
| 84 | 113 | 113 | 198 | 203 | 597 | 705 | 474 | 542 | 578 |
| 20 | 43 | 34 | 121 | 51 | 157 | 173 | 122 | 133 | 143 |
|
Growth YoY PAT Growth YoY% | | | | | | | | | -7.1 | -18.1 |
| 2.9 | 7.6 | 7.8 | 4.0 | 6.9 | 15.1 | 15.7 | 11.1 | 12.4 | 12.2 |
| 2.7 | 5.5 | 5.7 | 3.8 | 6.9 | 20.8 | 24.9 | 16.6 | 19.3 | 20.4 |
| Financial Year | Dec 2011 | Dec 2012 | Dec 2024 | Dec 2025 |
|---|
|
| | 2.1 | | 8.3 |
| 7,115 | 7,269 | 9,883 | 11,160 |
Operating Profit Operating ProfitCr |
| 4.5 | 4.5 | 18.9 | 15.5 |
Other Income Other IncomeCr | 41 | 7 | 353 | 352 |
Interest Expense Interest ExpenseCr | 31 | 43 | 16 | 20 |
Depreciation DepreciationCr | 80 | 94 | 129 | 146 |
| 268 | 211 | 2,513 | 2,230 |
| 83 | 70 | 639 | 561 |
|
| | -23.7 | | -10.9 |
| 2.5 | 1.9 | 15.4 | 12.6 |
| 7.8 | 6.0 | 88.3 | 78.7 |
| Financial Year | Dec 2011 | Dec 2012 | Dec 2024 | Dec 2025 |
|---|
Equity Capital Equity CapitalCr | 42 | 42 | 42 | 42 |
| 2,492 | 2,559 | 7,033 | 7,794 |
Current Liabilities Current LiabilitiesCr | 3,774 | 3,893 | 5,274 | 5,733 |
Non Current Liabilities Non Current LiabilitiesCr | 9 | 10 | 42 | 69 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 4,837 | 4,882 | 10,763 | 11,750 |
Non Current Assets Non Current AssetsCr | 1,482 | 1,623 | 1,629 | 1,889 |
Total Assets Total AssetsCr |
| Financial Year | Dec 2011 | Dec 2012 | Dec 2024 | Dec 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 120 | -44 | 1,332 | 1,220 |
Investing Cash Flow Investing Cash FlowCr | -361 | -340 | -503 | 363 |
Financing Cash Flow Financing Cash FlowCr | -80 | 210 | -770 | -966 |
|
Free Cash Flow Free Cash FlowCr | -34 | -218 | 1,118 | 980 |
| 65.0 | -31.4 | 71.0 | 73.0 |
CFO To EBITDA CFO To EBITDA% | 35.6 | -12.9 | 57.8 | 59.7 |
| Financial Year | Dec 2011 | Dec 2012 | Dec 2024 | Dec 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 12,367 | 14,842 | 1,46,512 | 1,09,563 |
Price To Earnings Price To Earnings | 70.9 | 113.7 | 78.3 | 65.7 |
Price To Sales Price To Sales | 1.7 | 1.9 | 12.0 | 8.3 |
Price To Book Price To Book | 4.9 | 5.7 | 20.7 | 14.0 |
| 35.9 | 44.2 | 61.2 | 50.8 |
Profitability Ratios Profitability Ratios |
| 33.4 | 34.6 | 44.6 | 42.3 |
| 4.5 | 4.5 | 18.9 | 15.5 |
| 2.5 | 1.9 | 15.4 | 12.6 |
| 11.8 | 8.7 | 35.5 | 28.4 |
| 7.3 | 5.4 | 26.5 | 21.3 |
| 2.9 | 2.2 | 15.1 | 12.2 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
ABB India Ltd, a subsidiary of the global ABB Group, is a leading technology company operating in India for over a century with more than 70 years of local manufacturing. The company is strategically positioned to benefit from India's structural transformation driven by energy transition, digital infrastructure, and advanced manufacturing. ABB India is focused on electrification, automation, robotics, and digitalization, enabling sustainable and efficient industrial operations across diverse sectors.
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### **Business Areas & Portfolio**
ABB India operates through **four core business areas**, structured into **18–19 decentralized divisions** under the "ABB Way" operating model, ensuring agility and customer proximity:
1. **Electrification**
- Largest business area for ABB India.
- Offers end-to-end solutions from substations to sockets, including eco-efficient switchgear, low- and medium-voltage distribution systems, solar pump drives, and smart home solutions (ABB-free@home®).
- Key markets: data centers (global leadership in LV distribution and MV switchgear), buildings, infrastructure, railways, metros, and cold chain storage.
2. **Motion (MO)**
- Global leader in motors and drives, with over 140 years of expertise in electric powertrains.
- Offers IEC and NEMA motors (including IE3 aluminum and IE4 super premium cast iron), drives, generators, and digital energy efficiency solutions.
- Partnerships include AI-driven asset performance management with UptimeAI for predictive maintenance in heavy-asset industries like cement, metals, and water.
3. **Process Automation (PA)**
- Global #2 player serving process, hybrid, and maritime industries.
- Delivers distributed control systems (DCS), measurement analytics, SCADA, and software (e.g., ABB Ability™ System 800xA).
- Key deployments: smart compact substations, gas distribution (THINK Gas), refinery pipelines (Numaligarh), and solar park pooling stations.
4. **Robotics & Discrete Automation (RDA)**
- Only supplier globally with an integrated portfolio of industrial robots, Autonomous Mobile Robots (AMRs), and machine automation solutions.
- Over 80% of offerings are software- and AI-enabled, supporting automotive, electronics, and logistics sectors.
- **Strategic move (from Q1 2026)**: Machine Automation division will move from RDA to Process Automation to strengthen software and control synergies.
> **Note**: The Robotics division is being planned as a **standalone, publicly listed entity** due to limited synergy with other ABB businesses and strong standalone growth potential.
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### **Strategic Growth Drivers**
#### 1. **Sector-Focused Market Penetration**
- ABB serves **23 market segments**, categorized into three tiers:
- **Focus Sectors** (high-growth, >15%): **Data centers**, **railways & metro**, **electronics & semiconductors**, **warehouse & logistics**.
- **Enhance Sectors** (8–15% growth): Renewables, automotive, water & wastewater, power distribution.
- **Sustain Sectors** (mature, but contribute >50% of orders): Cement, metals, mining, marine, plastics.
- Data centers have emerged as a major revenue contributor since ABB identified them as a key segment in 2017–2018. Growth is fueled by AI, hyperscale computing, and digitalization demand.
#### 2. **Expansion into Tier-2 & Tier-3 Cities**
- ABB is increasing reach via **channel partners** and **system integrators**, using an asset-light model to offer core components while partners deliver localized services.
- Localized engineering and product development (e.g., solar pump drives, flameproof motors) are tailored to rural and semi-urban markets.
#### 3. **Localization & "Make in India for the World"**
- **Five manufacturing facilities** across **Bangalore (2), Nashik, Faridabad, and Maneja**, with **25 production plants** and growing export presence to over 30 countries.
- Recent capacity expansions:
- Doubled GIS (Gas Insulated Switchgear) production in Nashik.
- New production lines for variable speed drives in Vadodara.
- Largest Drives Service Workshop in Vadodara.
- Strong domestic value chain with **750+ partners** and partnerships with homegrown suppliers and entrepreneurs.
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### **Innovation & Digital Leadership**
- **ABB Ability™ platform** powers remote monitoring, predictive maintenance, and digital service models across industries.
- Examples:
- Cloud-based **SCADAvantage™** for city gas distribution networks.
- **Genix Industrial Analytics & AI Suite** for real-time data integration.
- **ABB Ability™ Building Ecosystem** at Disha (Bangalore) reduces energy cost by 30%.
- Robotics and AI are central to ABB’s future:
- Simpliforge Creations: South Asia’s largest robotic 3D concrete printing system (8.5m diameter).
- Applications in construction, defense, and space.
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### **Sustainability & ESG Alignment**
- All business areas inherently support **energy efficiency and decarbonization**.
- ABB’s products enable:
- 30% energy savings in industrial drives (e.g., Amanbagh, Airoli projects).
- 30% higher solar output via tracking algorithms in PV plants.
- Hydrogen, solar, and carbon capture project support (e.g., 4GW solar project in Gujarat, supercritical CO₂ extraction solution).
- Green campuses powered by renewables serve as live demos of ABB’s sustainability solutions.
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### **Recent Achievements & Orders (2024–2025)**
- **2024**: Supplied equipment for **19GW of solar projects**, including SCADA and vacuum circuit breakers.
- Secured orders for:
- Propulsion and TCMS systems for **Vande Bharat and Gujarat metro trains**.
- Modular HV motors for CO₂ extraction and hydrogen projects.
- Robotics lines for Ola Electric and EV paint shops.
- **Robotics expansion**: Launched pixel paint robotics and AMRs; serving EV manufacturers and FMCG giants.
- Order backlog grew **32% YoY (Feb 2023)**, with services order growth at **25%**, indicating strong execution and customer trust.
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### **Manufacturing & Service Infrastructure (India)**
- **5 manufacturing sites | 25 plants | 28 sales offices**
- Network of **750+ partners** for extended market and service reach.
- E-commerce push via **eMart platform**: First in India to sell LV motors online with digital partners for nationwide delivery.
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### **Talent & Collaborations**
- Employs **~11,000 people** in Robotics & Discrete Automation across 53 countries; significant workforce in India.
- Partnerships with **100+ universities/research institutions** globally, including **NAMTECH**, to accelerate AI, robotics, and smart manufacturing innovation.
- Educational initiatives to build future-ready workforce in India.
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### **Key Financial & Operational Highlights**
- All divisions delivered **double-digit revenue growth (Aug 2024)**, not dependent on any single segment.
- Export revenue growing steadily (10–45% in recent periods), supported by “Make in India” strategy.
- High capacity utilization (~90% in mature plants), optimized through automation, reducing footprint and energy use.
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