ABB India Q4 Results Review: Motilal Oswal Maintains 'Buy' On The Stock, Sees 30% Upside — Here's Why

ABB India reported 22%/52%/54% YoY growth in revenue/Ebitda/PAT. This was driven by seamless execution and continued strength in margins across segments..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.ABB India Ltd.’s Q4 CY24 results were ahead of our estimates on revenue/Ebitda/PAT. The company reported 22%/52%/54% YoY growth in revenue/Ebitda/PAT. This was driven by seamless execution and continued strength in margins across segments.Order inflows were down 14% YoY due to the transient impact of slow government and private capex. We expect ABB to be relatively better placed than peers, as-ABB has more than 50% exposure to high- and moderate-growth segments,the company has better control over margins on cost efficiencies even if gross margin come off from current levels in future, andit has the ability to gain more on exports as it is being preferred by group companies for exports. We cut our estimates by 6%/9% for FY25/26 to bake in slightly lower order inflows across segments due to slower government capex (35-40% indirect exposure) and slower than expected private capex growth. ABB is currently trading at 53x/47x on CY25E/CY26E earnings. We remain positive on the company and maintain Buy with a revised target price of Rs 6,700, which implies 60x Mar’27E earnings. .Click on the attachment to read the full report:.Infosys, Infibeam, Tech Mahindra Among DRChoksey's Top Stock Picks In IT Services After Q3 Results— Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ABB India Q4 Results Review: Motilal Oswal Maintains 'Buy' On The Stock, Sees 30% Upside — Here's Why

Motilal Oswal remain positive on the company and maintain Buy with a revised target price of Rs 6,700, which implies 60x Mar’27E earnings.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP