UBS has reiterated its Neutral stance on ABB India, with a target price of ₹8,450 per share.
The brokerage highlighted that ABB’s new order inflows were weaker than expected, especially when compared to peers CG Power and Siemens. Even after adjusting for base effects, the company’s weak large-order wins have raised concerns over its growth trajectory.
On the positive side, most business segments delivered strong margins, with ABB’s Electrification Division emerging as a standout performer. However, a sequential decline in order inflows for three consecutive quarters has raised red flags for CY25 and CY26 growth assumptions.
ABB expects high-growth emerging sectors like data centers and railways to drive future growth, but UBS believes the low order run rate is a key risk to its estimates.
