D/E ratio of 0.19 & Rs 12,500 crore order book this stock looks like goldmine
16 Feb 2017
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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 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.