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Systematix Research Report
ABB India Ltd. has been a play on a pick-up in the capex cycle in process industries for the past two decades. emamiOperating in four key segments – motion, process automation, electrification products and robotics, the company is known for its technical excellence in facilitating energy efficiency and process automation with a strong portfolio of electrification products.
Considering the initial signs of recovery in capex activity in some of the core sectors like metals, hydrocarbons, cement, etc. as also a capex thrust from the production linked incentives scheme offered by the government, we see some improvement in ABB's growth prospects.
We estimate 19% revenue compound annual growth rate, 25% Ebitda CAGR and 30% profit after tax CAGR for ABB India over CY21-23E.
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