Fundamental Analysis

ABB POWER PRODUCTS & SYSTEMS INDIA LTD. 

Ticker : 543187
BUY : Rs 1,935.00
Target : Rs 2,150

ABB Power Products & Systems India Ltd (APPSIL) is the Indian arm of Hitachi ABB Power Grids, which is a global leader in power technologies, providing the most comprehensive grid portfolio across the entire value chain. On the standalone quarterly front, the company recorded net sales and operating income of Rs 1,015.53 crore for Q4FY21, which is an increase of 25.28 per cent from Rs 810.62 crore reported in Q4FY20. The operating profit gained 24.76 per cent to reach Rs 81.98 crore in Q4FY21 from Rs 65.71 crore posted in Q4FY20. The company’s net profit came in at Rs 39.44 crore in Q4FY21, which is an increase of 35.16 per cent from Rs 29.18 crore reported in Q4FY20. Recently, the company also announced its plans of introducing a programme for the purpose of achieving carbon-neutrality targets by 2030 in its operations. Hence , looking at the promising outlook on the expansion plans by the company along with quality earnings declared , we recommend a BUY in this counter.