Target: \u20b95,800<\/p>\n
CMP: \u20b96,053.95<\/p>\n
ABB India reported 6 per cent y-o-y revenue growth to \u20b93,560 crore in Q4-CY25, driven by healthy execution, balanced short- and long-cycle orders and higher exports, with all segments posting steady growth. However, margin remains under pressure as adjusted EBITDA fell 7 per cent y-o-y with a 230 bp contraction to 17.2 per cent, dragged by an adverse mix, higher commodity cost, forex volatility and increased imports content due to quality control (QCO) norms.<\/p>\n
Order inflows rose 52 per cent y-o-y to \u20b94,090 crore, while base orders grew 27 per cent y-o-y across business divisions. Order backlog comprises around 25-30 per cent, consisting of large orders and the rest made up of base orders. Data centres order comprise about 10-11 per cent of the overall order book. Electrification order inflows rose 43 per cent y-o-y, supported by a large data centre order. Process automation orders rose 34 per cent y–o-y while robotics and discrete automation order inflows rose 283 per cent y-o-y . Order backlog stood at \u20b910,470 crore, up 6 per cent q-o-q.<\/p>\n
Thus, we retain Reduce with a higher TP of \u20b95,800 on 55x CY27E P\/E, after factoring in slower-than-expected growth momentum in government and private capex. We expect an earnings CAGR of 16 per cent during CY25- 28E with an average ROE and ROCE of 22 per cent each during CY26-28E.<\/p>\n
Published on February 24, 2026 <\/p>\n","protected":false},"excerpt":{"rendered":"Target: \u20b95,800 CMP: \u20b96,053.95 ABB India reported 6 per cent y-o-y revenue growth to \u20b93,560 crore in Q4-CY25,…\n","protected":false},"author":2,"featured_media":17393,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[130],"tags":[232,9925,12021,12018,12022,12019,6092,12020],"class_list":{"0":"post-17392","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-abb","8":"tag-abb","9":"tag-abb-india","10":"tag-business-divisions","11":"tag-elara-securities","12":"tag-electrification-order","13":"tag-margin-pressures","14":"tag-reduce","15":"tag-slower-growth"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/17392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=17392"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/17392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/17393"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=17392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=17392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=17392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}