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ABB India: Economic revival to support growth

The company is firing on all cylinders but a further re-rating of the stock looks unlikely

November 16, 2022 / 12:31 PM IST
ABB India: Economic revival to support growth

Representative image

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Strong economy and industrial recovery help deliver strong revenue growth Margins remain stable despite higher commodity prices Robust growth in order inflows provides strong revenue visibility Stock trading at 72 times its calendar year 2023 estimated earnings ABB India, the leading engineering company, continues to ride on domestic revival and a pick-up in the exports market. Over the last three quarters, the company’s order inflows have grown on an average 42.4 percent on a year-on-year (YoY) basis. In the quarter ended September 2022...

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