ABB India Limited

BSE:500002 Stock Report

Market Cap: ₹1.4t

ABB India Future Growth

Future criteria checks 4/6

ABB India is forecast to grow earnings and revenue by 17.1% and 11.8% per annum respectively. EPS is expected to grow by 17.1% per annum. Return on equity is forecast to be 22% in 3 years.

Key information

17.1%

Earnings growth rate

17.13%

EPS growth rate

Electrical earnings growth22.0%
Revenue growth rate11.8%
Future return on equity21.96%
Analyst coverage

Good

Last updated09 Jul 2026

Recent future growth updates

Recent updates

Narrative Update • Jul 08

500002: Elevated P/E And Lower Margin Outlook Will Pressure Future Returns

Analysts have lifted the fair value estimate for ABB India slightly, with the price target moving from ₹4,800 to about ₹4,930. This reflects updated assumptions around revenue growth, profit margins and future P/E expectations.
Narrative Update • Jun 24

500002: Upcoming Leadership Changes Will Not Justify Elevated Expectations

Analysts have made a small upward revision to the fair value estimate for ABB India, lifting the price target from ₹6,334.25 to ₹6,391.07. This reflects adjustments to the discount rate, long-term profit margin assumptions, and future P/E expectations.
Narrative Update • Jun 07

500002: Expanded Local Manufacturing And Hiring Will Not Justify Elevated Expectations

Analysts have nudged their price target on ABB India higher from ₹6,198 to ₹6,334, reflecting updated assumptions that combine slightly faster expected revenue growth with a modestly lower future P/E and a small adjustment in profit margin and discount rate. What's in the News ABB India plans to invest an additional $75 million in 2026 to expand manufacturing and R&D in India, following a 2025 spend of over $35 million, as part of its "local for local" approach.
New Narrative • May 20

Data Center And Renewable Demand Will Shape A Stronger Long Term Outlook

Catalysts About ABB India ABB India provides electrification, motion and automation solutions, supported by local manufacturing and export capabilities. What are the underlying business or industry changes driving this perspective?
Narrative Update • May 04

500002: Planned Capacity And Hiring Will Not Justify Elevated Market Expectations

Analysts have made a small upward tweak to ABB India's implied fair value, lifting it from about ₹6,135 to roughly ₹6,198, reflecting refreshed assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News ABB India signed a Master Sales Agreement with Hindalco to streamline domestic business processes and reinforce their long-standing partnership across multiple ABB business areas (Client Announcement).
New Narrative • Apr 27

Electrification And Data Center Exposure Will Tighten Margins And Restrain Earnings Potential

Catalysts About ABB India ABB India supplies electrification, motion, automation and robotics products and solutions to industrial, infrastructure and transport customers in domestic and export markets. What are the underlying business or industry changes driving this perspective?
Narrative Update • Apr 18

500002: Capacity Expansion And Metro Contracts Will Not Justify Elevated Market Expectations

Analysts have raised their price target on ABB India by about ₹110, reflecting updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples in their valuation models. What's in the News ABB India plans additional investment of $75 million in 2026, on top of over $35 million in 2025, to expand manufacturing and R&D across Electrification, Motion and Automation, including facilities in Nelamangala, Peenya, Hyderabad, Nashik and Vadodara, with around 300 new skilled roles planned (Key Developments).
Narrative Update • Apr 04

500002: Capacity Expansion And Metro Contracts Will Sustain Margins And Premium Profile

Analysts have maintained their fair value estimate for ABB India at ₹6,025.88 per share, with small adjustments to inputs such as a slightly lower discount rate and modest tweaks to revenue growth, profit margin, and future P/E assumptions reflected in the updated price target model. What's in the News ABB India plans to invest a further US$75 million in 2026 to expand manufacturing and R&D in India, building on more than US$35 million planned for 2025 and over US$230 million invested in the prior decade to support its local manufacturing strategy and create around 300 new skilled jobs (Key Developments).
Narrative Update • Mar 21

500002: Capacity Investments And Metro Orders Will Support Margins And Premium Profile

Analysts have lifted their price target on ABB India to about ₹6,025 from around ₹5,864, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that together point to a slightly richer valuation profile. What's in the News Plans to invest an additional US$75 million in 2026, on top of over US$35 million in 2025, to expand manufacturing and R&D in India across Electrification, Motion and Automation, with around 300 new skilled roles across engineering, operations and research (Key Developments).
Narrative Update • Mar 06

500002: Metro Contracts And Restructuring Will Balance Margin Risks And Premium Valuation

Analysts have lifted their price target on ABB India from about ₹5,275 to roughly ₹5,864, citing adjustments to revenue growth, profit margin assumptions, and a lower forward P/E multiple in their models. What's in the News Board meeting on February 19, 2026 to consider audited financial results for the quarter and year ended December 31, 2025, a final dividend of ₹29.59 per share, AGM notice for May 9, 2026, and related book-closure dates (Board Meeting).
Narrative Update • Feb 20

500002: Metro Orders Will Not Offset Weakening Margins And Elevated Multiple

Analysts have kept their fair value estimate for ABB India steady at about ₹5,275 per share, while modestly adjusting key inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions in their models. What's in the News The Board has recommended a final dividend of ₹29.59 per share on equity shares of face value ₹2 each for the financial year ended December 31, 2025, subject to approval at the 76th AGM.
Narrative Update • Feb 06

500002: Metro Orders And Robotics Restructuring Will Support A Balanced Outlook

Analysts have trimmed their price target for ABB India to ₹5,275.54, reflecting slightly lower assumed discount rates and small tweaks to long term revenue growth, profit margin and future P/E inputs. What's in the News ABB India has secured a large order from Titagarh Rail Systems to supply propulsion systems, traction equipment and Train Control and Management System software for Mumbai Metro Lines 5 and 6.
Narrative Update • Jan 23

500002: Local Manufacturing And Maritime Fuel Cells Will Support Balanced Outlook

Analysts have made a marginal upward tweak to their fair value estimate for ABB India to ₹5,275, reflecting small adjustments in assumptions for the discount rate, revenue growth, profit margin and future P/E that together support the refined target. What's in the News ABB India completed a major upgrade of automation and monitoring systems for BPCL's 935 km Vadinar Bina oil pipeline.
Narrative Update • Jan 08

500002: Local Manufacturing And Maritime Fuel Cells Will Support Balanced Outlook

Analysts have kept their fair value estimate for ABB India broadly steady, with only small tweaks to discount rate, revenue growth, profit margin, and future P/E assumptions. They view this as a fine tuning of their price target rather than a major reset.
Narrative Update • Dec 24

500002: Local Manufacturing And Hydrogen Initiatives Will Support Balanced Prospects Ahead

Analysts have nudged their price target for ABB India slightly higher to approximately ₹5,275 from about ₹5,263, citing faster expected revenue growth and a modestly lower discount rate, while keeping profit margin assumptions broadly intact. What's in the News ABB India has partnered with HDF Energy to jointly develop a scalable high power maritime hydrogen fuel cell system aimed at enabling zero emission propulsion and auxiliary power for vessels, supporting global decarbonisation targets in shipping (company announcement).
Narrative Update • Dec 09

500002: Local Manufacturing And Efficiency Investments Will Support Balanced Prospects Ahead

Analysts have nudged their price target for ABB India slightly higher to ₹5,263, citing a marginally increased discount rate and steady expectations for revenue growth, profit margins, and future valuation multiples. What's in the News Launch of the ACS380-E machinery drive in India, offering advanced connectivity, dual Ethernet ports as standard and streamlined commissioning for automation-centric machine building, with availability up to 22 kW, 400 V following its debut at ENGIMACH 2025 in Gandhinagar (company announcement) Expansion of localized production at ABB's Peenya drives factory in Bengaluru, adding a new automated line that increases variable speed drive capacity by about 25 percent and is expected to cut lead times by up to 40 percent while supporting made-to-order configurations (company announcement) Integration of robotics and digital production monitoring at the Peenya facility, enhancing safety, quality and real-time visibility in line with Industry 4.0 standards for large power-rated energy efficient drives (company announcement) Commitment of over 1.4 billion to expand and modernize low-voltage motor manufacturing in India, together with the launch of IE5 ultra-premium efficiency motors that can cut energy losses by up to 40 percent compared with IE3 motors and are free from rare-earth metals (company announcement) Upcoming board meeting on November 6, 2025 to consider unaudited financial results for the quarter ended September 30, 2025 (regulatory filing) Valuation Changes Fair Value: Unchanged at ₹5,263 per share, indicating no revision to the intrinsic value estimate.
Narrative Update • Nov 25

500002: Local Manufacturing Expansion And Efficiency Upgrades Will Balance Future Prospects

Analysts have lowered their price target for ABB India from ₹5,438 to ₹5,263, reflecting cautious adjustments based on updated assumptions for profit margin and forward valuation metrics. What's in the News ABB India expanded local production with a new line for energy-efficient drives at its Peenya factory in Bengaluru, increasing variable speed drives production capacity by around 25%.
Narrative Update • Nov 10

500002: Expanded Local Production And Efficiency Measures Will Shape Performance Outlook

Narrative Update on ABB India: Analyst Price Target Revised Analysts have revised their fair value estimate for ABB India downward from ₹5,555.78 to ₹5,437.62, citing updated projections for revenue growth, profit margins, and discount rates. What's in the News ABB India has expanded its local production with a new line for energy-efficient drives at the Bengaluru Peenya factory.
Narrative Update • Aug 06

India Automation And Electrification Will Empower Future Industry Resilience

The consensus fair value for ABB India has been revised downward, primarily reflecting a notable reduction in expected revenue growth from 11.8% to 9.3%, which has driven the analyst price target down from ₹6081 to ₹5736. What's in the News ABB India’s Board declared an interim dividend of INR 9.77 per share (488.50%) for FY2025, payable to shareholders as per record date.
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New Narrative • Nov 08

Expanding Market Horizons And Sustainability Propel Dynamic Growth Journey

Robust uptake in large orders from core sectors and focus on energy efficiency suggest strong future revenue growth for ABB India.

Earnings and Revenue Growth Forecasts

BSE:500002 - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028187,32025,79419,989N/A20
12/31/2027161,83521,59517,357N/A25
12/31/2026141,31217,41014,292N/A27
3/31/2026133,76715,540N/AN/AN/A
12/31/2025132,02716,6949,79612,195N/A
9/30/2025130,10717,670N/AN/AN/A
6/30/2025126,12117,9868,78711,101N/A
3/31/2025122,67518,891N/AN/AN/A
12/31/2024121,88318,74611,17913,318N/A
9/30/2024115,80916,879N/AN/AN/A
6/30/2024114,37916,09412,03913,709N/A
3/31/2024111,15714,626N/AN/AN/A
12/31/2023104,46512,48211,68413,515N/A
9/30/2023101,15912,089N/AN/AN/A
6/30/202394,14713,3748,97310,702N/A
3/31/202390,03911,941N/AN/AN/A
12/31/202285,67510,2565,7407,419N/A
9/30/202282,4219,133N/AN/AN/A
6/30/202279,5265,4274,4766,065N/A
3/31/202272,7974,586N/AN/AN/A
12/31/202169,3405,3254,7796,502N/A
9/30/202165,3334,011N/AN/AN/A
6/30/202163,6703,66610,23011,430N/A
3/31/202159,2793,151N/AN/AN/A
12/31/202058,2102,3041,9683,182N/A
9/30/202061,1362,329N/AN/AN/A
6/30/202062,4712,262-383763N/A
3/31/202069,8712,792N/AN/AN/A
12/31/201973,1513,022N/A6,604N/A
9/30/201942,6871,788N/AN/AN/A
6/30/201950,3842,083N/AN/AN/A
3/31/201969,8442,976N/AN/AN/A
12/31/201867,0062,542N/A6,319N/A
9/30/2018105,3304,845N/AN/AN/A
6/30/201899,4104,596N/AN/AN/A
3/31/201894,6164,325N/AN/AN/A
12/31/201760,9372,255N/A7,917N/A
9/30/201788,0064,130N/AN/AN/A
6/30/201789,4024,002N/AN/AN/A
3/31/201788,1373,790N/AN/AN/A
12/31/201686,4223,745N/A8,626N/A
9/30/201685,8193,589N/AN/AN/A
6/30/201684,9593,365N/AN/AN/A
3/31/201683,2603,166N/AN/AN/A
12/31/201581,4032,999N/A3,817N/A
9/30/201579,5362,546N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500002's forecast earnings growth (17.1% per year) is above the savings rate (6.9%).

Earnings vs Market: 500002's earnings (17.1% per year) are forecast to grow faster than the Indian market (16.3% per year).

High Growth Earnings: 500002's earnings are forecast to grow, but not significantly.

Revenue vs Market: 500002's revenue (11.8% per year) is forecast to grow faster than the Indian market (11.1% per year).

High Growth Revenue: 500002's revenue (11.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 500002's Return on Equity is forecast to be high in 3 years time (22%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/13 11:31
End of Day Share Price 2026/07/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ABB India Limited is covered by 58 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kunal Sheth360 ONE Capital Market Private Limited
Sameer ThakurAmbit Capital
Ashwin MehtaAmbit Capital