ABB India Ltd

About [ edit ]

ABB India is engaged in served utility and industry customers for over six decades with the complete range of engineering, products, solutions and services in areas of Automation and Power technology.

  • Market Cap 29,073 Cr.
  • Current Price 1,372
  • High / Low 1,700 / 722
  • Stock P/E 121
  • Book Value 170
  • Dividend Yield 0.36 %
  • ROCE 7.22 %
  • ROE 4.91 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 33.92%

Cons

  • Stock is trading at 8.06 times its book value
  • The company has delivered a poor sales growth of -6.48% over past five years.
  • Company has a low return on equity of 9.18% for last 3 years.
  • Earnings include an other income of Rs.162.88 Cr.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
1,666 1,492 1,966 1,850 1,726 1,746 1,953 1,522 986 1,612 1,701 1,629
1,576 1,427 1,751 1,705 1,602 1,622 1,841 1,509 963 1,496 1,603 1,506
Operating Profit 89 65 215 146 124 123 112 13 23 117 98 123
OPM % 5% 4% 11% 8% 7% 7% 6% 1% 2% 7% 6% 8%
Other Income 76 100 85 46 20 16 -31 103 29 20 14 100
Interest 15 14 5 3 10 4 5 3 4 3 7 3
Depreciation 23 24 24 23 22 23 22 27 25 25 30 25
Profit before tax 128 127 272 166 113 113 54 85 23 109 76 194
Tax % 20% 15% 27% 30% 38% 30% 28% 24% 29% 26% 24% 27%
Net Profit 102 108 198 116 70 79 39 65 16 81 58 141
EPS in Rs 4.82 5.11 9.34 5.48 3.29 3.72 1.82 3.05 0.77 3.81 2.72 6.67

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 TTM
6,234 6,285 7,447 7,562 7,719 7,730 8,136 8,642 6,094 6,690 7,315 5,821 5,928
5,679 6,179 7,091 7,212 7,230 7,154 7,402 7,932 5,669 6,226 6,785 5,548 5,567
Operating Profit 555 106 356 350 489 576 734 710 425 464 530 272 361
OPM % 9% 2% 5% 5% 6% 7% 9% 8% 7% 7% 7% 5% 6%
Other Income 65 81 38 7 3 14 6 122 267 341 33 166 163
Interest 44 35 46 57 116 122 106 108 62 60 28 25 17
Depreciation 49 52 80 94 103 113 160 151 101 93 90 120 105
Profit before tax 527 100 268 206 272 355 475 573 528 652 445 293 402
Tax % 33% 37% 31% 33% 35% 36% 37% 35% 21% 22% 32% 25%
Net Profit 355 63 185 137 177 229 300 374 420 511 303 219 296
EPS in Rs 16.74 2.98 8.71 6.48 8.35 10.78 14.15 17.67 19.82 24.11 14.32 10.35 13.97
Dividend Payout % 12% 67% 34% 46% 36% 34% 26% 23% 22% 20% 34% 48%
Compounded Sales Growth
10 Years:-1%
5 Years:-6%
3 Years:-2%
TTM:-15%
Compounded Profit Growth
10 Years:10%
5 Years:-10%
3 Years:-26%
TTM:-3%
Stock Price CAGR
10 Years:6%
5 Years:4%
3 Years:7%
1 Year:62%
Return on Equity
10 Years:9%
5 Years:10%
3 Years:9%
Last Year:5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
42 42 42 42 42 42 42 42 42 42 42 42
Reserves 2,381 2,381 2,492 2,556 2,635 2,770 2,966 3,244 3,565 3,965 3,478 3,564
Borrowings 0 0 0 328 620 371 600 600 608 7 14 0
3,132 3,348 3,760 3,544 3,752 3,639 3,800 3,844 4,673 5,063 4,167 3,984
Total Liabilities 5,556 5,771 6,295 6,470 7,050 6,822 7,409 7,731 8,888 9,077 7,701 7,590
673 766 1,168 1,207 1,392 1,400 1,298 1,255 1,219 893 742 783
CWIP 116 58 74 117 47 32 44 68 116 83 59 75
Investments 17 17 51 52 17 16 16 16 271 0 0 0
4,749 4,931 5,001 5,093 5,594 5,374 6,050 6,392 7,282 8,101 6,900 6,733
Total Assets 5,556 5,771 6,295 6,470 7,050 6,822 7,409 7,731 8,888 9,077 7,701 7,590

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
354 221 118 -50 330 479 382 863 792 625 667 318
-99 -99 -361 -340 -209 -148 -76 -68 -318 151 -398 443
-80 -67 -80 211 119 -422 42 -179 -171 -794 -147 -152
Net Cash Flow 176 55 -323 -179 240 -91 347 615 302 -17 123 609

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
ROCE % 25% 6% 13% 10% 13% 15% 17% 17% 15% 17% 14% 7%
Debtor Days 167 170 151 158 153 149 152 125 166 92 97 106
Inventory Turnover 2.70 3.65 6.17 5.42 5.22 5.20 5.34 5.50 3.64 4.14 5.21 4.39

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
3.20 3.17 3.17 3.30 3.49 3.42 3.38 3.31 3.78 3.47 4.06 3.83
13.39 13.49 13.50 12.95 12.66 12.17 11.67 11.61 11.06 6.34 6.96 7.26
8.41 8.34 8.33 8.75 8.85 9.41 9.95 10.08 10.16 15.19 13.98 13.91

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