🔍

ABB India Limited (ABB)

₹6,801.00 -0.22% last close, 16 Oct

📊 NSE: ABB 🏢 Electric Equipment 📢 Latest filing: 06 Oct 2026 📝 Analysis written: 13 Dec 2025

Q2 FY27 results

📅 Next results: 13 Nov 2026 (board meeting)

ABB India Limited's board meets on 13 Nov 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, ABB India's revenue was ₹3,559 Cr (+12.1% year on year, +11.8% on the previous quarter), and net profit ₹370 Cr (+5.1% year on year); the operating margin was 12.6%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹3,559	+12.1%	+11.8%
Operating profit	₹447	+8.0%	+9.6%
Net profit	₹370	+5.1%	-79.3%
EPS (₹)	17.46	+5.2%	-79.3%
Operating margin	12.6%	—	—

Full quarterly financials → Results calendar →

ABB delivery percentage and open interest

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 47.38% of the ABB shares traded on NSE were taken to delivery, against the stock's own 20-session average of 45.95%. That is close to its usual level. In ABB futures, open interest rose 2.48% while the futures price fell 0.06%: short buildup (new short positions).

47.38%Delivery, 16 Oct

45.95%Own 20-session average

1.9×Volume vs its average

+2.48%Futures open interest

₹6,801.00NSE close · -0.22%

Delivery in the last 5 sessions: 43.4% · 40.9% · 47.4% · 43.0% · 47.4%

Delivery across the market →F&O open interest →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

ABB India Appoints Suneel Kumar Munaga as CFO Effective January 1, 2027

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 06 Oct 2026, 08:53 PM

ABB India Limited has approved the appointment of Mr. Suneel Kumar Munaga as Chief Financial Officer and Key Managerial Personnel, effective January 1, 2027. Mr. Munaga is an internal elevation, currently serving as Vice President and Business Area Controller (Electrification) for the company. He brings over 28 years of experience across finance and corporate governance, having previously worked with firms like NTPC, HAL, and Hansen Drives. With ABB India generating TTM revenues of Rs 13,611 Cr and PAT of Rs 2,996 Cr, this represents a planned leadership succession well ahead of the transition date.

Appointment of Mr. Suneel Kumar Munaga as CFO effective from January 1, 2027
Candidate brings over 28 years of experience across MNCs and public sector enterprises
Secured All India 13th Rank in the CMA Final Examination
Board meeting approving the appointment was held on October 6, 2026, from 8:15 p.m. to 8:30 p.m.

💡 Track disclosures regarding the transition period and departure or reassignment of the outgoing CFO ahead of the January 1, 2027 effective date.

ABB India Schedules Board Meeting on Nov 13, 2026; Trading Window Shuts Sept 15

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 10 Sep 2026, 05:37 PM

ABB India has scheduled its Board of Directors meeting for November 13, 2026, to consider un-audited financial results for the quarter ending September 30, 2026. Pursuant to insider trading regulations, the trading window for directors and designated employees will be closed from September 15, 2026, to November 15, 2026 (both days inclusive). This is a standard statutory disclosure prior to quarterly financial reporting.

Board meeting scheduled for November 13, 2026, to approve Q3/quarterly un-audited results
Results to be considered for the quarter ending September 30, 2026
Trading window closed from September 15, 2026, to November 15, 2026 (both days inclusive)

💡 Track the financial results and operational commentary to be released on November 13, 2026.

ABB India Q2 CY2026: 50% Order Growth, Rs 11,900 Cr Backlog, and Rs 90 Interim Dividend

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 10:59 AM

ABB India reported a strong Q2 CY2026 with a 50% YoY increase in order inflows, bringing the total order backlog to Rs 11,900 crore (approximately 90% of TTM revenue). The company declared a significant interim dividend of Rs 90 per share, which includes proceeds from the robotics divestment and a 50% payout ratio from normal earnings. The Electrification segment led growth with a 77% surge in orders, driven by data centers and infrastructure. Additionally, a leadership transition was confirmed with CFO T.K. Sridhar designated as the next Managing Director, effective January 1, 2027.

Order inflow grew by 50% YoY in Q2 CY2026, reaching a total backlog of Rs 11,900 crore.
Electrification segment orders surged 77% YoY, supported by data centers, metals, and mining.
Interim dividend of Rs 90 per share declared, utilizing robotics divestment proceeds.
Operational EBITA stood at 12.8% for the half-year, despite material cost pressures.
T.K. Sridhar appointed as MD Designate to take over from January 1, 2027.

💡 Investors should monitor the execution timeline of the Rs 11,900 crore backlog and the impact of hardening metal prices on margins. The leadership transition from Sanjeev Sharma to T.K. Sridhar will be a key event to watch for management continuity in 2027.

ABB India Q2 Orders Surge 50% to ₹4,363 Cr; ₹90 Special Dividend Announced

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 31 Jul 2026, 06:14 PM

ABB India reported a robust Q2 CY2026 with order inflows growing 50% YoY to ₹4,363 crore, driven by strong demand in metals, mining, and data centers. Revenue increased 21% to ₹3,559 crore, while PAT grew 8% to ₹370 crore, partially offset by rising material costs which reached 62.9% of revenue. A significant special dividend of ₹90 per share was declared, supported by a cash balance of ₹7,243 crore. The order backlog stands at ₹11,898 crore, providing high revenue visibility.

Order inflows reached a record ₹4,363 crore in Q2 CY2026, representing a 50% YoY growth.
Order backlog increased to ₹11,898 crore, covering approximately 90% of TTM revenue.
Declared a substantial special dividend of ₹90 per share following strong cash generation.
Cash position improved significantly to ₹7,243 crore from ₹5,154 crore in the previous year period.
Material costs rose to 62.9% of revenue due to sharp inflation in commodities like Silver (+97%) and Copper (+32%).

💡 Investors should monitor the sustainability of the 50% order growth rate and the company's ability to pass on commodity price increases to maintain margins. Watch for the record date of the ₹90 special dividend and execution progress on the ₹11,898 crore backlog.

₹90 Special Dividend and 50% Order Growth Highlight ABB India's Q2 CY2026 Results

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 31 Jul 2026, 05:49 PM

ABB India reported a robust Q2 CY2026 with record order inflows of ₹4,363 crore, up 50% YoY, driven by electrification and data centers. Revenue grew 21% YoY to ₹3,559 crore, while Profit After Tax (PAT) saw a modest 8% increase to ₹370 crore. A significant special dividend of ₹90.00 per share was declared, utilizing proceeds from the Robotics divestment. The order backlog has reached a strong ₹11,898 crore, providing high revenue visibility for the next 3-4 quarters.

Record Q2 order inflow of ₹4,363 crore, marking a 50% YoY growth compared to Q2 CY2025.
Order backlog stands at ₹11,898 crore, up 22% YoY, representing approximately 90% of TTM revenue.
Special dividend of ₹90.00 per equity share (face value ₹2.00) declared following Robotics divestment.
Operational EBITA increased by 23% YoY to ₹461 crore, with margins expanding slightly to 13.0%.
H1 CY2026 cumulative orders reached ₹8,643 crore, a 36% increase over the previous year.

💡 Investors should monitor the execution timeline of the ₹11,898 crore backlog and the management's ability to pass on volatile commodity costs (copper, silver, steel) to maintain margins. The record date for the ₹90 special dividend will be a key upcoming event.

Rs 90 Special Dividend Declared by ABB India; Record Date Set for August 07, 2026

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 31 Jul 2026, 05:46 PM

ABB India has declared a significant special dividend of Rs 90 per share, representing 4500% of its face value. The total estimated payout is approximately Rs 1,907.18 crore, which accounts for roughly 64% of the company's TTM Profit After Tax (PAT) of Rs 2,978 crore. This distribution utilizes about 38% of the company's reported Rs 5,000 crore cash balance. Shareholders as of the record date, August 07, 2026, will receive the payment by August 29, 2026.

Special dividend of Rs 90 per equity share on a face value of Rs 2 each
Total payout estimated at Rs 1,907.18 crore based on 21,19,08,375 equity shares
Record date for determining shareholder eligibility is Friday, August 07, 2026
Dividend payment to be completed on or before August 29, 2026
Payout represents approximately 64% of the TTM PAT of Rs 2,978 crore

💡 Investors should note the ex-dividend date (typically one business day prior to the record date) for price adjustments. While the payout is a strong signal of cash generation, monitor if this reduces the pace of the company's stated 'bolt-on' acquisition strategy.

Rs 90 Special Dividend Declared by ABB India; Record Date August 7, 2026

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 31 Jul 2026, 05:44 PM

ABB India has declared a significant special dividend of Rs 90 per equity share, representing a 4500% payout on its face value of Rs 2. This results in a total cash outflow of approximately Rs 1,907 crore, which accounts for nearly 64% of its TTM PAT and 24.3% of its net worth. The record date for determining eligibility is August 7, 2026, with the payment scheduled to be completed by August 29, 2026. This move utilizes a substantial portion of the company's reported Rs 5,000 crore cash balance.

Special dividend of Rs 90.00 per equity share declared for FY2026
Total payout of approximately Rs 1,907 crore on 21,19,08,375 shares
Record date for shareholder eligibility set for August 7, 2026
Dividend payment to be completed on or before August 29, 2026
Payout represents 4500% of the face value of Rs 2 per share

💡 Investors should note the ex-dividend date (typically one business day before the record date) for price adjustment. Monitor if this large payout impacts the company's stated 'bolt-on' acquisition strategy given the reduction in cash reserves.

Rs 90 Special Dividend Declared; ABB Q2 Revenue Up 21% YoY to Rs 3,559 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 31 Jul 2026, 05:24 PM

ABB India reported a 21% YoY growth in revenue from continuing operations to Rs 3,558.87 cr for the quarter ended June 30, 2026. The Board declared a substantial special dividend of Rs 90 per share, following the divestment of its robotics business which contributed a net gain of Rs 1,433.97 cr in H1 2026. While quarterly PAT from continuing operations grew moderately by 8% YoY to Rs 370.07 cr, the company's cash position remains exceptionally strong with total cash and bank balances exceeding Rs 7,300 cr.

Declared a special dividend of Rs 90.00 per equity share of face value Rs 2 each
Revenue from continuing operations increased 21% YoY to Rs 3,558.87 cr from Rs 2,940.47 cr
H1 2026 total profit reached Rs 2,145.95 cr, inclusive of Rs 1,433.97 cr gain from discontinued operations
Cash and bank balances stood at Rs 7,335.52 cr as of June 30, 2026, up from Rs 5,834.87 cr in Dec 2025
Operating profit before working capital changes for H1 2026 stood at Rs 982.26 cr

💡 Investors should track the record date for the Rs 90 special dividend and monitor management commentary regarding the deployment of the remaining Rs 5,000+ cr cash surplus for 'bolt-on' acquisitions.

July 31 Earnings Call Scheduled for ABB India Q2 2026 Results

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 24 Jul 2026, 11:43 AM

ABB India has scheduled its Q2 2026 earnings conference call for July 31, 2026, at 6:30 PM IST. The call will address the un-audited financial results for the quarter ended June 30, 2026. With a TTM revenue of Rs 13,227 Cr and a robust ROCE of 30.0%, the market will focus on management's outlook for industrial CAPEX. The company currently holds a cash balance of Rs 5,000 Cr, which is earmarked for potential 'bolt-on' acquisitions.

Conference call scheduled for July 31, 2026, at 18:30 IST
Focus on un-audited financial results for the quarter ended June 30, 2026
Company is targeting a growth rate of 13-15% through 23 market segments
Cash balance of Rs 5,000 Cr available for 'bolt-on' acquisitions

💡 Watch for the Q2 results release on July 31 to see if the 13-15% growth trajectory and margin expansion are sustained.

ABB India Appoints Hemanth Kumar as Local Division Manager - Motion Effective July 1, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Jun 2026, 12:27 PM

ABB India has appointed Mr. Hemanth Kumar as the Local Division Manager for its Motion (MOTR) business and a Senior Management Personnel, effective July 1, 2026. Mr. Kumar is an internal veteran with over 20 years of experience in Sales and Marketing, including international assignments. He currently serves as the Sales & Marketing Director for the Traction Division at ABB India. This appointment reflects the company's strategy of internal leadership development within its core industrial segments.

Appointment of Mr. Hemanth Kumar as Local Division Manager – Motion (MOTR) effective July 1, 2026
Mr. Kumar brings over 20 years of experience in Sales and Marketing within ABB and international roles
Previously served as Sales & Marketing Director – Traction Division, managing large-scale mobility projects
The Board of Directors approved the appointment via circular resolution on June 27, 2026

💡 This is a routine management update for a specific business division. Investors should monitor if this leadership change impacts the execution of the Motion segment's growth strategy in upcoming quarters.

ABB India Shareholders Approve TK Sridhar as MD with 99.6% Majority

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 26 Jun 2026, 04:33 PM

ABB India shareholders have overwhelmingly approved the appointment of Mr. TK Sridhar as the Managing Director for a five-year term starting January 1, 2027. Additionally, Mr. Sanjeev Sharma was approved as a Non-Executive, Non-Independent Director for a two-year term starting the same date. The resolutions were passed via postal ballot with 99.61% and 99.90% votes in favor, respectively. This clear mandate ensures a stable leadership transition for the company well in advance of the 2027 effective date.

Mr. TK Sridhar appointed as Managing Director for a 5-year term effective January 1, 2027, with 99.61% approval.
Mr. Sanjeev Sharma appointed as Non-Executive Director for a 2-year term with 99.90% approval.
Total voter turnout was high, representing approximately 90.5% of the total outstanding shares.
The resolutions were passed as Ordinary Resolutions through a remote e-voting process that concluded on June 25, 2026.

💡 Investors should view this as a positive sign of long-term succession planning and strong institutional support. No immediate action is required as the leadership transition is scheduled for 2027.

ABB India Powers Kolkata Metro; Company Holds 80% Market Share in India's Metro Networks

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 24 Jun 2026, 11:04 AM

ABB India has reinforced its 25-year partnership with Kolkata Metro by deploying advanced electrification and motion-control solutions across its 72-km network. The company's technology currently powers over 80% of all metro rail networks in India, highlighting a dominant market position in urban transit. These solutions, including specialized HVAC drives, provide an average energy saving of 25% while supporting a network that serves over 500,000 passengers daily. This announcement underscores ABB's strong alignment with India's infrastructure growth and 'Make in India' initiatives.

ABB technology is utilized in more than 80% of all metro rail networks across India
The 25-year alliance with Kolkata Metro supports a 72-km system with 300+ daily train trips
ABB’s HVAC-dedicated packaged drives achieve an average energy saving of 25% for metro stations
Solutions are deployed at India's largest underground metro station, Jai Hind Bimanbandar
Project includes low-voltage and medium-voltage gas-insulated switchgear and lightning protection systems

💡 Investors should note ABB India's significant competitive moat and 80% market share in the domestic metro segment as a key driver for long-term industrial orders. The company remains a primary beneficiary of India's continued capital expenditure on urban mass transit infrastructure.

ABB India to Close Trading Window from June 15 for Q2 2026 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Jun 2026, 10:24 PM

ABB India Limited has announced the closure of its trading window for all designated persons starting June 15, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially disseminated to the stock exchanges. This is a standard regulatory procedure to prevent insider trading during the period when price-sensitive information is being finalized.

Trading window closure begins on June 15, 2026.
Closure pertains to the financial results for the quarter ending June 30, 2026.
Window will reopen 48 hours after the public announcement of the financial results.
Complies with SEBI (Prohibition of Insider Trading) Regulations and the Company's Code of Conduct.

💡 No action is required from retail investors as this is a routine regulatory compliance filing. Investors should monitor for the upcoming announcement of the Q2 2026 earnings date.

ABB India Proposes TK Sridhar as MD for 5 Years; Sanjeev Sharma to Transition to Non-Exec Role

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 26 May 2026, 05:11 PM

ABB India has initiated a postal ballot to seek shareholder approval for a leadership transition effective January 1, 2027. Mr. TK Sridhar is proposed to be appointed as the Managing Director for a five-year term ending December 31, 2031. Simultaneously, the current Managing Director, Mr. Sanjeev Sharma, will transition into a Non-Executive, Non-Independent Director role for a two-year term. The e-voting process for these appointments will run from May 27 to June 25, 2026.

Appointment of Mr. TK Sridhar as Managing Director for a 5-year term starting January 1, 2027
Transition of current MD Mr. Sanjeev Sharma to a Non-Executive Director role for a 2-year term
E-voting period for shareholders scheduled from May 27, 2026, to June 25, 2026
Cut-off date for determining voting eligibility set as May 22, 2026
Final results of the postal ballot to be declared on or before June 29, 2026

💡 Investors should monitor the transition to ensure management continuity and track any potential shifts in strategic direction under the new leadership. No immediate portfolio changes are recommended based on this routine succession planning.

ABB India Q1 CY2026: Orders Surge 25% to ₹11,000 Cr Backlog Amid Margin Pressures

🔵 WATCH ⭐ 8/10

EARNINGS 📅 15 May 2026, 12:25 PM

ABB India reported a robust 25% growth in order inflows for Q1 CY2026, driven by large-scale wins in the data center and railway sectors, pushing the total backlog to ₹11,000 crores. Revenue grew by a modest 6% to ₹3,184 crores, slightly below expectations due to supply chain disruptions linked to the West Asia crisis. Profitability was impacted by rising commodity prices for copper and silver, alongside rupee depreciation, which increased material costs by approximately 3.5% compared to Q1 2025. Despite these headwinds, the company maintains a massive cash reserve of ₹7,600 crores and is committing $75 million to expand local manufacturing and R&D.

Order inflow grew 25% YoY, resulting in a record order backlog of ₹11,000 crores.
Revenue reached ₹3,184 crores, a 6% increase YoY, despite geopolitical supply chain constraints.
Material costs rose to 61.4% of revenue, driven by a 2% impact from commodity prices and currency depreciation.
Total cash position remains exceptionally strong at ₹7,600 crores, including proceeds from the Robotics business sale.
Announced a $75 million investment plan to enhance manufacturing capacity and R&D facilities in India.

💡 Investors should remain positive on the long-term growth story given the record order backlog and exposure to high-growth sectors like data centers. However, short-term volatility in margins due to commodity prices and currency fluctuations should be closely monitored.

View All ABB Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Overall revenue grew 22% YoY to INR 10,447 Cr in CY2023. For the 9M ended September 30, 2024, revenue grew 14.7% to INR 8,823 Cr, driven by growth across all divisions including Electrification, Motion, Process Automation, and Robotics. Base orders grew 13% in Q3 2025, providing visibility for future revenue conversion.

Geographic Revenue Split

Not disclosed in available documents, though India is identified as a key growth market for the parent company, ABB Ltd, alongside China, Brazil, and the Middle East.

Profitability Margins

Operating margin improved significantly to 18.7% for 9M 2024 compared to 13.4% in 9M 2023. PAT margin was 11.9% in CY2023. The improvement is attributed to a more favorable revenue mix, better margin orders, and price revisions.

EBITDA Margin

Operating profitability is expected to remain healthy over the medium term. Operating income grew 22% in CY2023 to INR 10,447 Cr, while PAT increased 22% to INR 1,242 Cr. Profitability is supported by high capacity utilization and cost optimization strategies.

Capital Expenditure

Annual maintenance capital expenditure (capex) is estimated at INR 100-150 Cr over the medium term. The company holds a cash balance of ~INR 5,000 Cr as of June 30, 2024, intended for organic expansion and inorganic acquisitions over the next 3-5 years.

Credit Rating & Borrowing

CRISIL Ratings maintains a 'Stable' outlook. The company has been debt-free since 2018, resulting in nil debt obligations. Interest coverage is not meaningful (NM) due to the absence of external debt.

⚙️ Operational Drivers

Raw Materials

Not specifically disclosed in available documents, though the company focuses on 'indigenization' of products to counter competitive pressure and optimize costs.

Capacity Expansion

ABB Ltd plans to expand its manufacturing footprint in India as a key emerging market growth opportunity. Current capacity utilization is improving, which has directly contributed to the operating margin expansion to 18.7%.

Raw Material Costs

Raw material costs are managed through cost optimization and increased indigenization of products to arrest margin declines caused by intense competition in bidding processes.

Manufacturing Efficiency

Efficiency is driven by improved capacity utilization and the certification of all motion factories as 'zero waste to landfill.'

📈 Strategic Growth

Expected Growth Rate

13-15%

Growth Strategy

Growth will be achieved through a focus on 23 market segments (including Oil & Gas, Mining, Cement, and Metals), the launch of premium products like IE5 ultra-premium efficiency motors, and a 'bolt-on' inorganic acquisition strategy supported by a INR 5,000 Cr cash reserve.

Products & Services

Electrification products (substation to socket), LV motors (IE5 ultra-premium), machinery drives, robotics and discrete automation solutions, and ABB Ability™ SCADAvantage digitalization solutions.

Brand Portfolio

ABB, ABB Ability™.

New Products/Services

Launched IE5 ultra-premium efficiency LV motors and next-gen machinery drives built for high performance and cybersecurity. Base orders for such products grew 13% in the most recent quarter.

Market Expansion

Targeting emerging markets with a focus on India, China, Brazil, and the Middle East. The company is focusing on new segments and mid-segments to ride the next CAPEX cycle.

Market Share & Ranking

Market leader in electrification and automation technology segments in India.

🌍 External Factors

Industry Trends

The industry is shifting toward digitalization and ultra-high energy efficiency (IE5 standards). ABB is positioning itself by introducing SCADA solutions and premium efficiency motors to meet demand for sustainable electrification.

Competitive Landscape

Intense competition from both domestic and international players, with most orders procured through competitive bidding.

Competitive Moat

The moat is built on technological superiority derived from the parent company, a diverse product portfolio, and a wide geographical reach through channel partners. This is sustainable due to the centralized R&D and 75% ownership by ABB Ltd.

Macro Economic Sensitivity

Highly sensitive to industrial CAPEX cycles and government infrastructure spending. Sluggishness in CAPEX formation currently acts as a correction after strong growth.

Consumer Behavior

Increasing demand for premium, energy-efficient, and digitally-enabled automation products in the process and hybrid industries.

Geopolitical Risks

Business risks are associated with the volatile global economic environment and political conditions which could cause differences in achieving stated targets.

⚖️ Regulatory & Governance

Industry Regulations

Compliant with SEBI Listing Regulations 17 to 27. The board composition includes 50% independent directors and 50% women directors, exceeding minimum regulatory requirements.

Environmental Compliance

All motion factories are certified as zero waste to landfill. The company maintains an ESG profile that supports its credit risk profile.

Legal Contingencies

No penalties or strictures have been imposed by SEBI, Stock Exchanges, or any statutory authority related to capital markets during the last three years.

⚠️ Risk Analysis

Key Uncertainties

A sustained fall in operating margins to less than 5% or a decline in order inflows are identified as key downward rating sensitivity factors. A change in the support stance of the parent company, ABB Ltd, also poses a risk.

Technology Obsolescence Risk

Mitigated by continuous access to the latest global technologies and R&D from the parent company, ABB Ltd.

Credit & Counterparty Risk

Receivables quality is supported by a strong order book of INR 9,995 Cr and a 'Superior' liquidity profile with cash accruals exceeding INR 1,400 Cr per annum.