Welcome to Indian Share Market
Serving Since 2007
Custom Search
Learn and then Earn
Earning money in share maket  requires appropriate knowledge and experience, so it is highly advisable to gain adequate knowledge before start trading and investing in share market.
The information provided on this website is for educational purpose and not to be considered as investing or trading advice.
The investment and trading has to be done on sole discretion and www.daytradingshares.com or any person related to this site Should not be held responsible for the outcome.
Copyright © 2007-2017, www.daytradingshares.com. All Rights Reserved.
ABB has very low debt and good order book, makes it good investment pick
16 feb 2017
For ABB India, which follows January-December as financial year, 2016 was a landmark year in terms of order growth, which rose to 54 per cent on a year-on-year basis.

The full-year order book swelled to Rs 12,466 crore while orders received during the December quarter 2016 was at a high of Rs 5,628 crore. In addition to this, an order backlog of Rs 11,821 crore as on December 31, 2016, provides solid future revenue visibility.

The company on February 9 reported a 25.47 per cent rise in net profit at Rs 376.25 crore for the year ended December 31, 2016 against Rs 299.88 crore reported for the corresponding quarter last year. The debt-to-equity (D/E) ratio of the company stood at 0.19 times in 2016 compared with 0.20 times in the previous financial year.

For the Oct-Dec period, ABB India reported net profit of Rs 146.79 crore, up 13.43 per cent from Rs 129.40 crore reported for the same period last year.

With market capitalisation of Rs 26,739.66 crore (as on February 10), the share price of the company advanced 21 per cent to Rs 1,261.85 till date from Rs 1,039.10 on December 30 last year.

The company said new orders in UHVDC (ultra high voltage direct current) transmission technology projects would be key to realising the government's renewable energy vision and 24 times 7 reliable power for all. Transportation investments led by railways, metro projects and renewables by wind provided the levers for a milestone growth.