ICICI Direct
February 25, 2025 at 08:09 AM
*Result Update: ABB India Ltd*
📈 CMP: ₹ 5,254.5
🎯 Target: ₹ 6,150
⌛ Duration: 6-12 Months
⬆️ Potential Upside: 17%+
A global leader in electrification & automation, enabling efficiency & sustainability! Key segments:
🔸Electrification (41%)
🔸Robotics & Motion (39%)
🔸Process Automation (20%)
📊 *Key Financials (CY24)*
🔸 Market Cap: ₹1,11,172
🔸 52W High/Low: ₹9,200 / ₹4,462
📢 *Q4CY24 Performance*
🔸 Revenue: ₹3,365 Cr (+22% YoY)
🔸 EBITDA: ₹657 Cr (+58% YoY) | Margin: 19.5% (vs. 15.1% last year)
🔸 PAT: ₹528 Cr (+56% YoY) | Margin: 15.3%
🔸 Order backlog: ₹9,400 Cr (+12% YoY)
🔸 Order Inflow: ₹2,695 Cr | Expected to grow 10.8% YoY in CY25
💰 *Investment Rationale*
🔸 Strong demand from data centers, EVs, metro, railways & industrial automation
🔸 PAT CAGR of 12% expected over CY24-CY26
🔸 Debt-free company with robust ROCE & cash reserves
⚠️ *Key Risks:* Slowdown in orders, margin pressures, weak private capex
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