Benefiting from quality, localization and penetration

11 Mar 2024
5 Min read 
  • ABB India's 4QCY23 results beat expectations, with higher margins and lower revenue growth.
  •  The company has been benefiting from strong demand for quality products across industries.
  •  ABB's addressable market is expanding fast across segments like transmission, railways, data center, electronics, and PLI-led capex.
  •  The company's margins are expected to remain strong at around 14%.
  •  Motilal Oswal research has increased its DCF-based TP to INR5,800 and maintains a Buy rating on the stock.
  •  ABB India's financial outlook shows expected growth in order inflows, revenue, EBITDA, and PAT over the next few years.
  •  The stock is currently trading at a P/E of 71x/58.4x on CY24E/CY25E EPS.
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