ABB India Share Price: 17.1% CAGR in 3 Years Against Cummins, Polycab and Apar
- November 10, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
ABB India Share Price: 17.1% CAGR in 3 Years Against Cummins, Polycab and Apar
ABB India previous close Rs 6,915. 3-year CAGR 17.1%. Up 1.6x since 9 Nov 2023. ROE 16.50%. Market cap Rs 1,46,993 crore.
Quick Answer
The ABB India share price closed at Rs 6,915 on 9 November 2026, a compounded annual return of 17.1% over three years. That compares with Cummins India at 33.2%, Polycab India at 15.1% and Apar Industries at 39.9%. The company has a market cap of Rs 1,46,993 crore and a P/E of 49.20 against an industry P/E of 42.52.
The ABB India share price has risen about 60 percent in three years, a steady result for one of the largest listed electrical and automation companies. ABB India, a Bengaluru-based subsidiary of the global ABB group, supplies products and services in electrification, motion and automation.
This article compares that run with Cummins India, Polycab India and Apar Industries. We calculate the three-year CAGR for all four and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.
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How Much Has the ABB India Share Price Returned in 3 Years?
The ABB India stock closed at Rs 4,310.50 on 9 November 2023 and at Rs 6,915.00 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.60 lakh, which is a CAGR of 17.1%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as ABB India can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The ABB India share price has also been supported by investment in factories, data centres, railways and power networks, all of which need drives, switchgear and automation systems.
ABB India vs Cummins India, Polycab India and Apar Industries: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.
| Company | Close on 9 Nov 2023 | Previous close (9 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Apar Industries | Rs 5,185.40 | Rs 14,205.00 | 2.7x | 39.9% |
| Cummins India | Rs 1,750.50 | Rs 4,135.20 | 2.4x | 33.2% |
| ABB India | Rs 4,310.50 | Rs 6,915.00 | 1.6x | 17.1% |
| Polycab India | Rs 5,133.30 | Rs 7,832.50 | 1.5x | 15.1% |
The ABB India stock ranks third of the four at 17.1%. It sits ahead of Polycab India (15.1%). The companies ahead are Apar Industries (39.9%) and Cummins India (33.2%). Apar Industries and Cummins India finished ahead of ABB India, and Polycab trailed it. ABB India is the largest of the four by market cap.
Look at the ABB India share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| ABB India | Rs 1,46,993 crore | 49.20 | 42.52 | 16.50% | 0.02 |
| Polycab India | Rs 1,17,853 crore | 36.80 | 37.13 | 24.10% | 0.02 |
| Cummins India | Rs 1,14,320 crore | 50.76 | 42.98 | 27.13% | 0.00 |
| Apar Industries | Rs 59,484 crore | 43.19 | 42.52 | 16.16% | 0.12 |
By market cap, ABB India is the largest of the group at Rs 1,46,993 crore, which gives it the scale advantage over Cummins India, Polycab India, Apar Industries. On earnings, ABB India shares trade at a P/E of 49.20 against an industry P/E of 42.52, a premium of about 16%, which signals that the market expects faster earnings growth. Peer multiples are Cummins India at 50.76, Polycab India at 36.80 and Apar Industries at 43.19.
Return on equity is 16.50% for the ABB India stock, which ranks third among the four, and debt to equity stands at 0.02. Trailing EPS is Rs 141.00. Capital goods leaders often trade at a premium for their technology and order books, so the P/E should be read next to return on equity and the debt position.
What Is Driving the ABB India Stock?
ABB India makes and sells electric motors, drives, switchgear, robots and automation systems. Its customers include factories, utilities, railways, buildings and infrastructure projects.
The company benefits from spending on energy efficiency, electrification and factory automation. A large installed base also generates service and spare parts revenue, which adds stability.
Followers of the ABB India share price usually track order inflow, execution and margins, because these show how steadily the business can convert demand into profit.
How the Established Players Stack Up
Cummins India is a Pune-based maker of engines and generator sets with a large backup power business. It compounded at 33.2% a year, on a market cap of Rs 1,14,320 crore and an ROE of 27.13%.
Polycab India is a Mumbai-based maker of wires, cables and fast moving electrical goods and one of the largest in the segment. It compounded at 15.1% a year, on a market cap of Rs 1,17,853 crore and an ROE of 24.10%.
Apar Industries is a Mumbai-based maker of conductors, power cables and specialty oils with a large export share. It compounded at 39.9% a year, on a market cap of Rs 59,484 crore and an ROE of 16.16%.
What Should Investors Track Next?
Three things are worth watching on the ABB India share price. First, order inflow from industry and infrastructure. Second, operating margins. Third, the demand outlook for automation products.
At a P/E of 49, expectations are meaningful, though the company has almost no debt, with a debt to equity of 0.02.
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How to Compare Electricals Stocks Yourself
You can repeat this exercise for any pair of stocks, including the ABB India stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the ABB India share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the ABB India share price and compare electricals stocks live.
A Large Automation Leader With Very Low Debt
The ABB India share price compounded at 17.1% a year over three years, ahead of Polycab at 15.1% and behind Cummins India at 33.2% and Apar at 39.9%. Its ROE is 16.50%.
Cummins brings the highest ROE, Apar brings export reach, and Polycab brings consumer brand strength in cables. The choice depends on which part of the electrical value chain you want to follow.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the ABB India share price today?
Ans. ABB India closed at Rs 6,915 on 9 November 2026, according to NSE data. It has a market cap of Rs 1,46,993 crore and a P/E of 49.20. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the ABB India stock?
Ans. ABB India delivered a price CAGR of 17.1% over three years, moving from Rs 4,310.50 on 9 November 2023 to Rs 6,915.00 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is ABB India better than Polycab?
Ans. ABB India delivered a higher three-year CAGR at 17.1% than Polycab at 15.1%. ABB India is larger by market cap at Rs 1,46,993 crore against Rs 1,17,853 crore, while Polycab has a higher ROE at 24.10% against 16.50% and a lower P/E of 36.80 against 49.20. The better choice depends on your view of each business.
What does ABB India do?
Ans. ABB India is a Bengaluru-based technology company in electrification, motion, robotics and automation, serving industry, utilities and infrastructure.
Is the ABB India stock debt free?
Ans. The debt to equity ratio of the ABB India stock is 0.02 and its return on equity is 16.50%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is ABB India expensive compared with the industry?
Ans. ABB India trades at a P/E of 49.20 against an industry P/E of 42.52. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which electricals stock gave the highest return in 3 years?
Ans. Among the companies compared here, Apar Industries delivered the highest three-year CAGR at 39.9%, followed by Cummins India at 33.2%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.