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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹129033 Cr.
Stock P/E
117.3
P/B
26.8
Current Price
₹3623.3
Book Value
₹ 135.1
Face Value
2
52W High
₹3966.8
52W Low
₹ 2105.2
Dividend Yield

Siemens Energy India Overview

Business

Siemens Energy India Ltd. (ENRIN) is a key player in India's energy sector, focusing on products, systems, solutions, and services for power generation, transmission, and industrial applications. As a subsidiary of Siemens Energy AG, Germany, the company primarily provides advanced technologies and solutions for utilities, independent power producers, and industrial customers. This includes gas and steam turbines, generators, transformers, switchgear, grid control systems, and related services like maintenance, upgrades, and digitalization solutions. Its core business model involves securing large-scale projects and long-term service contracts, generating revenue through equipment sales, project execution, and recurring service income.

Revenue Mix

While specific revenue contribution percentages are not always publicly segregated, Siemens Energy India's operations align broadly with its global parent's structure, focusing on:

Gas and Power: Supplying components and solutions for thermal power plants (gas and steam turbines, generators), and providing services for their installed base. This segment also increasingly includes solutions for integrating new energy sources.

Grid Technologies: Providing products, systems, and solutions for electricity transmission and distribution, including high-voltage switchgear, transformers, and grid stabilization technologies.

Transformation of Industry: Offering electrification, automation, and digitalization solutions for industrial customers to improve energy efficiency and reduce carbon footprint.

The revenue mix typically comes from equipment sales for new projects, project engineering and execution, and a significant portion from long-term service agreements for its installed base.

Industry

The Indian electric equipment industry is highly competitive, characterized by the presence of both domestic players (e.g., BHEL, CG Power, KEC International) and other multinational corporations (e.g., GE Power, ABB, Hitachi Energy). The industry is undergoing a significant transition driven by India's energy demand growth, renewable energy targets, and grid modernization initiatives. Siemens Energy India positions itself as a technology leader, leveraging its parent's global R&D and engineering prowess to offer advanced, reliable, and sustainable energy solutions. It primarily competes in the high-technology, large-scale, and critical infrastructure segments, where quality, reliability, and long-term service capabilities are paramount. The company holds a strong position in high-voltage transmission and specialized power generation equipment.

MOAT

Technology & R&D: Leveraging Siemens Energy AG's extensive global R&D capabilities, ENRIN offers cutting-edge technologies and solutions, particularly in high-efficiency power generation, advanced grid solutions, and digitalization.

Brand Reputation & Trust: The "Siemens" brand carries significant weight, reputation, and trust among Indian customers, built over decades of reliable performance and large-scale project execution.

Global Scale & Expertise: As part of a global conglomerate, the company benefits from global best practices, supply chain efficiencies, and access to a vast pool of expertise.

Installed Base & Service Network: A large installed base of equipment across India provides a recurring revenue stream through long-term service and maintenance contracts, creating high switching costs for customers.

Complex Project Execution: Expertise in handling large, complex, and technically demanding energy infrastructure projects.

Growth Drivers

Energy Transition & Decarbonization: India's aggressive renewable energy targets and focus on grid modernization to integrate renewables, along with industrial decarbonization efforts, drive demand for smart grid technologies, energy storage solutions, and efficient power generation equipment.

Infrastructure Development: Continued investment in power generation, transmission, and distribution infrastructure across India to meet growing electricity demand from industrialization and urbanization.

Industrial Electrification & Efficiency: Growing demand from core industrial sectors for reliable, efficient, and sustainable power solutions and electrification products.

Modernization & Upgrades: Aging power infrastructure requires modernization, upgrades, and digital solutions, creating opportunities for ENRIN's service and technology offerings.

Government Initiatives: "Make in India" and production-linked incentive (PLI) schemes in areas like advanced energy technologies could potentially benefit the company.

Risks

Project Execution Risks: Large-scale projects are subject to delays, cost overruns, and complex regulatory approvals, impacting profitability and cash flow.

Economic Slowdown: A slowdown in industrial activity or overall economic growth can reduce capital expenditure by customers, impacting new order inflows.

Intense Competition: The presence of strong domestic and international players can lead to pricing pressure and reduced margins.

Technological Disruption: Rapid advancements in energy technologies (e.g., new battery technologies, hydrogen) could impact demand for existing product lines if not adequately addressed through R&D and adaptation.

Raw Material Volatility: Fluctuations in the prices of key raw materials (e.g., steel, copper) can affect project costs and profitability.

Regulatory & Policy Changes: Changes in government energy policies, environmental regulations, or import duties could impact business operations and project viability.

Management & Ownership

Siemens Energy India Ltd. is primarily owned and promoted by Siemens Energy AG, Germany, which holds a majority stake. This ownership structure implies strong strategic alignment with the global parent, leveraging its expertise, governance standards, and technological roadmap. The management team typically consists of experienced professionals with a deep understanding of the Indian energy market, guided by the global vision and policies of Siemens Energy AG. The company benefits from a well-defined corporate governance framework typical of a large multinational subsidiary.

Outlook

Siemens Energy India is strategically positioned to benefit from India's energy transition and significant infrastructure investments. The push towards renewable energy integration, grid modernization, and industrial decarbonization presents substantial long-term growth opportunities for its advanced technology solutions and services. The strong backing of its global parent provides a robust foundation in terms of R&D, brand, and project execution capabilities. However, the company operates in a highly competitive and capital-intensive industry, susceptible to economic cycles, project delays, and intense pricing pressures. Its ability to continuously innovate, manage complex projects efficiently, and adapt to evolving energy policies while maintaining strong customer relationships will be crucial for sustained success.

Siemens Energy India Share Price

Live · BSE / NSE · Inception: 2024
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Siemens Energy India Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 1197 1484 2079 1517 1880 1785 2646 1911 2394
Other Income 0 0 2 2 14 53 37 49 46
Total Income 1197 1484 2081 1519 1894 1837 2683 1960 2440
Total Expenditure 927 1271 1694 1182 1521 1444 2166 1450 1896
Operating Profit 270 213 387 337 373 393 516 510 544
Interest 15 1 2 4 3 14 6 7 7
Depreciation 10 16 19 21 24 27 31 32 35
Exceptional Income / Expenses 0 0 0 0 0 0 0 -52 0
Profit Before Tax 244 196 366 312 345 352 478 419 502
Provision for Tax 64 50 92 80 99 89 119 106 128
Profit After Tax 181 146 274 232 246 263 360 313 375
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments 181 146 274 232 246 263 360 313 375
Adjusted Earnings Per Share 5.1 4.1 7.7 6.5 6.9 7.4 10.1 8.8 10.5

Siemens Energy India Profit & Loss

#(Fig in Cr.) Sep 2024 Sep 2025 TTM
Net Sales 4760 7827 8736
Other Income 22 140 185
Total Income 4781 7966 8920
Total Expenditure 3904 6337 6956
Operating Profit 877 1630 1963
Interest 25 39 34
Depreciation 46 103 125
Exceptional Income / Expenses 0 0 -52
Profit Before Tax 806 1488 1751
Provision for Tax 206 387 442
Profit After Tax 600 1100 1311
Adjustments 0 0 0
Profit After Adjustments 600 1100 1311
Adjusted Earnings Per Share 0 30.9 36.8

Siemens Energy India Balance Sheet

#(Fig in Cr.) Sep 2024 Sep 2025
Shareholder's Funds 3217 4381
Minority's Interest 0 0
Borrowings 0 0
Other Non-Current Liabilities 408 594
Total Current Liabilities 3264 4587
Total Liabilities 6888 9563
Fixed Assets 429 536
Other Non-Current Assets 179 221
Total Current Assets 6279 8806
Total Assets 6888 9563

Siemens Energy India Cash Flow

#(Fig in Cr.) Sep 2024 Sep 2025
Opening Cash & Cash Equivalents 0 0
Cash Flow from Operating Activities 147 3670
Cash Flow from Investing Activities -128 -3483
Cash Flow from Financing Activities -20 -55
Net Cash Inflow / Outflow 0 132
Closing Cash & Cash Equivalent 0 132

Siemens Energy India Ratios

# Sep 2024 Sep 2025
Earnings Per Share (Rs) 0 30.9
CEPS(Rs) 0 33.79
DPS(Rs) 0 4
Book NAV/Share(Rs) 0 123.07
Core EBITDA Margin(%) 17.97 19.04
EBIT Margin(%) 17.46 19.51
Pre Tax Margin(%) 16.94 19.01
PAT Margin (%) 12.61 14.06
Cash Profit Margin (%) 13.57 15.37
ROA(%) 8.71 13.37
ROE(%) 19.07 29.23
ROCE(%) 25.84 40.19
Receivable days 143.98 88.56
Inventory Days 59.33 35.77
Payable days 530.76 341.66
PER(x) 0 111.01
Price/Book(x) 0 27.87
Dividend Yield(%) 0 0.12
EV/Net Sales(x) 0 15.16
EV/Core EBITDA(x) 0 72.81
Net Sales Growth(%) 0 64.44
EBIT Growth(%) 0 83.7
PAT Growth(%) 0 83.35
EPS Growth(%) 0 0
Debt/Equity(x) 0 0
Current Ratio(x) 1.92 1.92
Quick Ratio(x) 1.69 1.75
Interest Cover(x) 33.38 38.95
Total Debt/Mcap(x) 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +64%
Operating Profit CAGR +86%
PAT CAGR +83%
Share Price CAGR
ROE Average +29% +24% +24% +24%
ROCE Average +40% +33% +33% +33%

Siemens Energy India Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 75 %
FII 7.59 %
DII (MF + Insurance) 6.62 %
Public (retail) 25 %
# Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 7575757575
FII 8.424.86.167.27.59
DII 6.919.118.046.716.62
Public 2525252525
Others 00000
Total 100100100100100

Siemens Energy India Peer Comparison

Electric Equipment Edit Columns

Siemens Energy India Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Siemens Energy India Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Debtor days have improved from 530.76 to 341.66days.
  • Company is almost debt free.

Cons

  • Stock is trading at 26.8 times its book value.
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