ABB India Limited (ABB) has reported record orders, robust revenue, and resilient profitability in the Q2 FY26. The company posted a 50% increase in orders for the second quarter of FY26 compared to the same period last year. The order backlog also saw a solid growth of 22% by the end of the quarter.

Record Orders and Revenue Growth

The total orders for the second quarter CY2026 were at INR 4,363 crore, marking the highest ever second quarter. For the first half of the year, the orders stood at INR 8,643 crore, up 36% year-on-year. Orders increased across all business areas, led by base orders in Electrification and an increase in export orders in Motion and Automation.

Profitability and Dividend Declaration

The company reported highest ever Q2 revenues of INR 3,559 crore and INR 6,743 crore for H1 CY2026, delivering double-digit Y-o-Y growth across both periods. The profit after tax (PAT) and operational EBITA (earnings before interest, taxes, depreciation, and amortization) for the quarter were INR 370 crore and INR 461 crore respectively, up 8% and 23% year-on-year. The board of directors declared a special dividend of INR 90.00 per equity share, reflecting the proceeds of the Robotics divestment and operational profits for H1 CY2026.

Sustainability Focus

Circularity remained a key focus in sustainability in H1 CY2026 with 99.7% of the waste being diverted from landfill. ABB India Limited is well positioned to capture growth while continuing to advance its sustainability ambitions and create lasting value for all stakeholders.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of ABB India Limited

ABB India Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.

ABB holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG stands at 5.55 — severely stretched. Any earnings miss could trigger a sharp de-rating. Premium net margins of 22.3% demonstrate strong cost discipline and a wide competitive moat. The stock trades at 80% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The business grows revenue at 15.4% and profits at 18.0%, with D/E of 0.01. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 5.55 premium is usually justified. Check Fundamentals of ABB India Limited.

ABB India Limited (ABB) breaks out with a +7% gain, clearing its 6M resistance trendline. The move is technical, driven by the stock surpassing the key resistance level at ₹7216. ABB, a leader in specialty industrial machinery, is showing strength in a sector that has been gaining momentum, though this move appears largely company-specific given the breakout nature.

Technical setup — trendlines & DMA

The current 6M trendline structure shows a robust support floor at ₹6677.34, which is 13.61% below today’s price, indicating solid underlying support. Resistance was previously at ₹7215.5, which the stock has now broken above by 6.64%, signaling a potential shift in trend. The 50-DMA at ₹6908.9 is above the 200-DMA at ₹5969.2, suggesting a bullish trend. The stock is currently in the upper third of its 52W range, indicating that a significant portion of the move might already be priced in, though it remains close to yearly highs.

Fundamentals & business context

With a PE of 98.6, ABB’s valuation appears stretched, especially when considering its 22.3% profit margin and 15.4% revenue CAGR. This suggests that the market may be pricing in future growth expectations, though the current earnings might not fully justify the high PE. Institutional ownership stands at 13.4%, indicating a cautious yet present interest from smart money, though not overwhelmingly bullish. There is no NSE catalyst today, making this move primarily technical in nature.

Algorithmic scorecard

The overall algorithmic scorecard reflects a technically strong but fundamentally cautious view of ABB. The strongest signals include the bullish trend, with the 50-DMA above the 200-DMA, and the excellent efficiency shown by the 22.3% profit margin, indicating strong profitability. On the weaker side, the stock is deemed overvalued with a PEG of 5.48, suggesting it is expensive relative to its growth rate, and the negligible dividend yield of 0.57% offers little income to investors. These factors present a balanced yet cautious outlook for the stock.

Company outlook

Management’s forward guidance highlights a good order backlog providing revenue visibility and the potential for high-double-digit growth in orders. The focus remains on capacity absorption and revenue conversion, with an expectation of margin recovery through price hikes and market stabilization. ABB is also positioning itself in the global data center market with products from India. The continuous process of capacity expansion and new product introductions underscores the company’s strategic initiatives to drive growth and maintain competitive edge.

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ABB India Limited (ABB) tested resistance today, gaining +5% to ₹7252.0 on the NSE. The stock hit its 6M resistance trendline at ₹7216 but has not cleared it yet. This move comes amid a sector-wide uptrend in industrials, particularly in specialty industrial machinery, where ABB operates. Today’s gain aligns with the sector’s momentum, though it remains to be seen if ABB can sustain this upward pressure and break through resistance.

Technical setup — trendlines & DMA

From a technical standpoint, ABB’s 6M support floor is at ₹6677.34, which is 7.92% below today’s price, indicating a solid cushion. Resistance is now at ₹7215.5, just 0.50% below the current price. The stock is trading above its 50-DMA of ₹6917.5, which is itself above the 200-DMA of ₹5961.3, signaling a bullish trend. However, the stock is currently in recovery mode, as it is above the 200-DMA but still below the 50-DMA. ABB is trading in the upper third of its 52W range, suggesting that a significant portion of its potential upside may already be priced in.

Fundamentals & business context

Fundamentally, ABB’s PE of 93.7 appears stretched given its 22.3% profit margin and 15.4% revenue CAGR. This suggests that the market may be pricing in future growth expectations that are not yet reflected in current earnings. Institutional ownership stands at 13.4%, indicating a moderate level of confidence from smart money, though not overwhelmingly bullish. There was no NSE catalyst today, making this move largely technical in nature.

Algorithmic scorecard

The algorithmic scorecard reflects a technically strong but fundamentally weak profile for ABB. The strongest signals come from its revenue and profit CAGRs, which are both very good, and its excellent efficiency with a 22.3% profit margin. These metrics suggest robust business fundamentals and consistent profitability. However, the weakest signals are its overvalued PEG of 5.21 and negligible dividend yield of 0.58%, indicating that the stock may be priced beyond its growth rate and offers little income to investors. This combination of strong growth metrics and valuation concerns creates a complex investment picture.

Company outlook

In its last earnings call, ABB highlighted a good order backlog providing revenue visibility and the potential for high-double-digit growth in orders. The company is focusing on capacity absorption and revenue conversion, expecting margin recovery with price hikes and market stabilization. ABB is also participating in the global data center market with products from India and plans continuous capacity expansion and new product introductions.

Looking ahead, ABB’s management outlined several key initiatives. They expect continued revenue growth driven by a strong order backlog and high-double-digit growth in orders. The focus will be on capacity absorption and revenue conversion, with an expectation of margin recovery through price hikes and market stabilization. ABB is also expanding its participation in the global data center market with products manufactured in India. The company plans a continuous process of capacity expansion and new product introductions to drive future growth.

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