ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 30578.38 Crore) operating in Engineering sector.
For the quarter ended 31-12-2020, the company reported a Standalone sales of Rs 1681.95 Crore, up 5.11 % from last quarter Sales of Rs 1600.11 Crore and down 12.77 % from last year same quarter Sales of Rs 1928.25 Crore Company reported net profit after tax of Rs 57.56 Crore in latest quarter.
ABB is a pure-play on longer term industrial automation and the ‘Make-in India’ theme, and stands to benefit from the ongoing PLI-driven increase in manufacturing across the country. The brokerage has largely maintained CY21E/CY22E estimates. While the slow recovery in order inflow/execution needs to be carefully monitored, there is the case of pent-up demand (domestic as well as export market) in CY21. The short-cycle nature of the business implies recovery could be very swift if the economy continues to improve.
Promoters held 75 per cent stake in the company as of Dec 30, 2020, while FIIs held 4.1 per cent, DIIs 7 per cent and public and others 14 per cent.