ABB (ASEA Brown Boveri) India is one of the world’s leading engineering companies. It offers a complete portfolio of industrial technology products for customers in utilities, industry, transport and infrastructure.
The market capitalisation of ABB India on June 12, 2018 is over 26,500 crore.
ABB India’s Wealth and Recent Performance
- The company’s total orders during Q1 2018 increased 10% year-on-year (YoY) to Rs.2,582 crore. The quarter posted the highest growth in orders for the Q1 period in the last five years. Furthermore, the order backlog of Rs.11,628 crore, as of March 31, 2018, provides solid visibility for future revenue.
- ABB India’s revenue increased 17% compared to the same period last year to Rs.2,525 crore. All divisions reported strong growth in revenues. The cash position of the company also remained strong in the quarter.
- The company’s profit before tax (PBT) increased 17% to Rs.157 crore while the profit after tax (PAT) rose 14% to Rs. 102 crore compared to the prior year period.
- ABB India’s PAT increased 12% to 420 INR crores for the full year of 2017. Total orders grew by 19% in 2017 while the export orders reached an all-time high, significantly more than doubling in 2017.
- The company’s revenue for 2017 was INR 9,087 crore. ABB India won an order worth Rs.134-crore to supply traction equipment for electric locomotives manufactured by Chittaranjan Locomotive Works (CLW).
ABB India Stock Trends in 2018
- On January 1, 2018, the opening price of the ABB stock was Rs.1,412 on NSE. It crossed Rs.1,500 mark in the first fifteen days, and crossed Rs.1,600 mark by the end of the month. In February, the company announced a change in the directors along with the financial results for the quarter ended December 31, 2017. The price of the stock gradually took a fall in February and closed at Rs.1,531. In March, the stock price did not increase and kept falling as the company launched smart factories in Bengaluru. The closing price of the stock by the end of the month was Rs.1,294
- In the month of April, the price of ABB India stock continued to be volatile and fluctuated to Rs.1,358 by the end of the month. The price of the stock in May saw a big drop and closed at Rs.1,231 by the end of the month.
ABB India Stock Trends in 2016 and 2017
- The opening price of the ABB stock on January 1, 2016 Rs.1,118. It remained flat throughout the month and closed at Rs.967. By the end of February, the price of the stock increased by over 60 points and closed at Rs.1,028. In March, the stock price gained strength and crossed Rs.1,230. In April, the company announced partnership with Indian Institute of Technology, Madras for R&D cooperation in microgrids and energy storage solution. The stock price crossed Rs.1,300 mark by the end of the month.
- In May, the price did not fluctuate much and changed marginally, while by the end of June, the stock price was at Rs.1,215. In July, the price of the stock managed to cross the Rs.1,300 mark.
- August saw a drop in stock price by over 100 points. In September, the company inaugurated solar inverter manufacturing facility in the country. The closing price of the stock by the end of September was Rs.1,124. The stock price kept falling in October and closed at Rs.1,100 by the end of the month.
- November saw the fall in stock price throughout the month. The company received an order to supply 1,600 transformers to support railway expansion in India. In December, the stock did not gained and closed at Rs.1,032 by the end of the month.
- The opening price of the ABB India stock on January 1, 2017 was Rs.1,056 and remained stable throughout the month. ABB India’s net increased 13.5% and the company decided to pay 200% dividend. The stock performed well in February and closed at Rs.1,203 at the end of the month. The price of the ABB India stock was pretty flat throughout March. However, in April the stock gained and crossed Rs.1,400 mark by the end of the month.
- In May, the stock continued to perform well and reached over Rs.1,600 but was down to Rs.1,480 by the end of the month. The stock prices changed marginally in June and July. The price of ABB India stock in August fell by 100 points. It picked up by the end of September and closed at Rs.1,410.
- The price of the stock changed marginally in October and November. The closing price of the stock at the end of the month was Rs.1,382.
Should you invest in ABB India?
- ABB India has displayed a volatile nature for couple of years. The price of the stock has been fluctuating for several months and has not been stable. In terms of the company performance, ABB India has been bagging important projects for metro cities.
- The shares of the company can be a good investment for a long-term basis. However, it is strongly suggested that you do your own research before investing in the markets.
ABB is the largest supplier of industrial motors and drives, the largest supplier of power grids and the largest provider of generators to the wind industry. The company connects hydro power from North East India through a 1,730 km long UHVDC to Agra. ABB has also tested the first ultra-high voltage 1,200 kilovolt power transformer in Vadodara. Moreover, the company’s i-bus® KNX lighting control solution controls over 11,000 electrical devices and 100,000 illumination points on the Delhi airport to make considerable energy savings. ABB operates in more than 100 countries with about 135,000 employees.
History of the Company
ABB India was incorporated in 1949 in Mumbai as Hindustan Electric Company Ltd. It is a Swedish based company that is headquartered in Zurich. The history of the company goes back to the 19th century. It has been a global Fortune 500 company for 23 years. The company has several manufacturing plants in India that are located in Mumbai, Nashik, Bangalore, and other cities. In 2013, ABB inaugurated two new facilities producing power products in India. The name of the company was changed to Hindustan Brown Boveri Ltd. in 1965. Following the amalgamation with Asea Ltd in 1989, the name of the company was changed to Asea Brown Boveri Ltd. (ABB). ABB employs more than 10,000 people across over 40 locations in Bangladesh, India and Sri Lanka. In addition to the manufacturing plants, one of its seven corporate research centers around the world is based in India.
Management of the Company
Mr. Jean-Christophe Deslarzes - Non-Executive Chairman
Jean-Christophe was appointed as the non-executive and non-independent director and the chairman of the board of directors for ABB India Limited in 2017. A Swiss citizen, Jean-Christophe Deslarzes, has been Chief Human Resources Officer and member of the Executive Committee of ABB Ltd. since November 2013, based in Zurich. He began his career in 1991 as a tax and legal consultant at Arthur Andersen in Geneva, Switzerland. In April 2015, he was elected to the Board of Directors of the Adecco Group. Jean-Christophe Deslarzes holds a master’s degree in Law from the University of Fribourg, Switzerland.
Mr. Sanjeev Sharma - Managing Director
Sanjeev has been the Managing Director at ABB India since 2012. He has experience of over 26 years with base in Europe, South Asia and India. Prior to 2012, Mr. Sanjeev was Senior Group VP for Global Product Manager from 2007-2012. He was also VP for Global Marketing and Sales from 1999-2004. He is a E&T engineer and IMD alumni.
Listings in NSE, BSE and Indices
The stock of ABB India is available for trading on the two major stock exchanges of India - The National Stock Exchange Limited (NSE) and The Bombay Stock Exchange (BSE).
Sector: Infrastructure - General
The company forms a part of important indices like:
- Nifty 100
- Nifty 200
- Nifty 500
- Nifty Next 50
- S&P BSE 100
- S&P BSE 200
- S&P BSE 500
21st Floor, World Trade Center,
Brigade Gateway,,No.26/1, Dr. Rajkumar Road,
Bengaluru, Karnataka 560055
Tel: 080-22949150 080-22949151
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