Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹135468 Cr.
Stock P/E
69
P/B
9.6
Current Price
₹3804
Book Value
₹ 398.3
Face Value
2
52W High
₹4149.4
52W Low
₹ 2827
Dividend Yield
0.47%

Siemens Overview

Business

Siemens Ltd. is the flagship Indian subsidiary of Siemens AG, a global technology powerhouse. The company provides a comprehensive range of technology-enabled solutions and services across various industrial and infrastructure sectors in India. Its core business model revolves around offering products, systems, solutions, and services in the areas of electrification, automation, and digitalization. Siemens Ltd. makes money by selling high-tech equipment (e.g., industrial automation products, smart grid components, mobility solutions), undertaking large-scale infrastructure projects, and providing maintenance, upgrades, and digital services to its diverse client base.

Revenue Mix

While specific revenue contributions can vary and are detailed in their annual reports, Siemens Ltd. generally operates across several key segments aligning with its global parent's structure and India's market needs. These typically include:

Digital Industries: Focuses on industrial automation, drive technology, industrial software, and factory automation solutions for various manufacturing sectors.

Smart Infrastructure: Provides solutions for intelligent energy management, building technologies, smart grids, and distribution systems.

Mobility: Offers solutions for rail infrastructure, rolling stock (locomotives, coaches), rail electrification, and signaling systems.

Portfolio Companies: This segment can encompass businesses like large drives, process automation, and energy services, which address specific industrial and power sector requirements.

(Specific revenue percentages for each segment are not readily available without direct access to the latest financial reports.)

Industry

Siemens Ltd. operates in the capital goods and infrastructure sector, which is characterized by high technological complexity, significant capital investment, and long project cycles. The industry in India features a mix of multinational corporations (MNCs) and strong domestic players. Siemens Ltd. holds a leading position in several of its segments, particularly in industrial automation, smart infrastructure, and mobility solutions. It competes with other global giants like ABB, Schneider Electric, General Electric, and domestic players such as Larsen & Toubro, leveraging its strong brand reputation, technological expertise, and comprehensive portfolio to differentiate itself.

MOAT

Brand & Reputation: Leveraging the global Siemens brand, the company benefits from a long-standing reputation for quality, reliability, and technological leadership, fostering trust among industrial and government clients.

Technology & R&D: Access to Siemens AG's extensive global research and development capabilities allows Siemens Ltd. to offer cutting-edge, innovative, and advanced technology solutions tailored for the Indian market.

Scale & Integration: Its large operational scale, extensive service network, and ability to offer integrated solutions across multiple domains (electrification, automation, digitalization) provide an advantage over niche players.

High Switching Costs: For complex industrial systems, automation platforms, and critical infrastructure projects, switching vendors involves significant costs, risks, and disruption, creating customer stickiness.

Growth Drivers

Infrastructure Development: India's significant investments in smart cities, railways, metros, power generation/transmission, and industrial corridors drive demand for Siemens' solutions in electrification, automation, and mobility.

Digitalization & Industry 4.0: Increasing adoption of industrial IoT, AI, and advanced automation across manufacturing sectors to improve efficiency and productivity.

Energy Transition: Growth in demand for efficient power distribution, smart grid solutions, and integration of renewable energy sources.

"Make in India" Initiative: Government push for local manufacturing boosts demand for factory automation and industrial digitalization solutions.

Urbanization: Rapid urbanization drives the need for smart infrastructure, intelligent building solutions, and efficient public transportation systems.

Risks

Economic Cyclicality: Demand for capital goods and infrastructure solutions is highly sensitive to economic cycles and government spending patterns.

Intense Competition: Strong competition from both global MNCs and domestic players can lead to pricing pressure and impact profit margins.

Input Cost Volatility: Fluctuations in commodity prices (e.g., steel, copper, electronic components) can affect project profitability, especially for long-term contracts.

Project Execution Risks: Large, complex infrastructure projects carry inherent risks of delays, cost overruns, regulatory hurdles, and contractual disputes.

Technological Obsolescence: Rapid advancements in technology require continuous R&D investment to maintain competitiveness.

Regulatory & Policy Changes: Changes in government policies, tariffs, or environmental regulations can impact operations and project viability.

Management & Ownership

Siemens Ltd. is majority-owned by Siemens AG, the German conglomerate, which acts as the promoter. This ensures strong strategic alignment with global objectives and access to international best practices, technology, and governance standards. The management team typically comprises experienced professionals, often with diverse backgrounds within Siemens' global operations, known for their focus on operational excellence, ethical conduct, and long-term vision. The remaining shares are publicly traded on Indian stock exchanges, ensuring transparency and accountability.

Outlook

Siemens Ltd. is well-positioned to benefit from India's long-term growth trajectory driven by infrastructure development, industrial modernization, and the increasing adoption of digital technologies. Its strong parentage, advanced technological capabilities, and broad portfolio provide a significant competitive edge in a growing market. However, the company operates in a highly competitive and cyclical environment. Sustained growth will depend on efficient project execution, prudent risk management, continuous innovation, and the ability to navigate economic fluctuations and geopolitical uncertainties. While the opportunities are substantial, execution challenges and intense competition could exert pressure on margins and market share.

Siemens Share Price

Live · BSE / NSE · Inception: 1957
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Siemens Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 4152 3763 4457 3360 4029 4108 5171 3831 4618 4714
Other Income 325 157 236 172 151 124 122 84 100 117
Total Income 4478 3920 4693 3532 4181 4232 5294 3915 4718 4831
Total Expenditure 3516 3277 3912 2974 3584 3590 4554 3409 4174 4283
Operating Profit 962 642 780 559 596 641 740 506 544 548
Interest 21 5 18 3 2 5 5 6 14 7
Depreciation 63 70 62 66 66 69 72 71 74 78
Exceptional Income / Expenses 0 0 0 0 0 0 0 -74 0 0
Profit Before Tax 878 568 700 489 528 568 663 355 456 463
Provision for Tax 229 131 178 126 135 146 178 86 101 119
Profit After Tax 649 437 523 363 393 422 485 269 355 343
Adjustments 153 141 308 251 189 1 -1 9 15 1800
Profit After Adjustments 803 578 831 614 582 423 485 277 370 2143
Adjusted Earnings Per Share 22.5 16.2 23.3 17.3 16.3 11.9 13.6 7.8 10.4 60.2

Siemens Profit & Loss

#(Fig in Cr.) Sep 2015 Sep 2016 Sep 2017 Sep 2018 Sep 2019 Sep 2020 Sep 2021 Sep 2022 Sep 2023 Sep 2024 Mar 2026 TTM
Net Sales 8988 9561 11065 12795 13084 9947 13199 16138 19554 15146 24846 18334
Other Income 188 184 343 336 506 334 291 318 563 912 888 423
Total Income 9176 9745 11408 13132 13590 10281 13490 16456 20116 16057 25734 18758
Total Expenditure 8071 8581 10076 11497 11638 8932 11747 14359 17093 13122 22118 16420
Operating Profit 1105 1164 1332 1635 1952 1349 1743 2096 3023 2935 3616 2338
Interest 30 37 32 36 39 60 53 68 62 70 73 32
Depreciation 224 228 198 198 199 252 297 317 321 246 415 295
Exceptional Income / Expenses 783 2992 567 0 0 0 0 0 0 0 -74 -74
Profit Before Tax 1634 3892 1669 1402 1714 1037 1393 1712 2640 2619 3054 1937
Provision for Tax 487 1008 532 500 579 267 363 450 678 657 771 484
Profit After Tax 1147 2883 1137 901 1136 770 1030 1262 1962 1962 2283 1452
Adjustments 28 31 0 0 -36 -1 59 281 -1 755 468 1823
Profit After Adjustments 1174 2914 1137 901 1099 769 1089 1543 1961 2717 2752 3275
Adjusted Earnings Per Share 33 81.8 31.9 25.3 30.9 21.6 30.6 43.3 55.1 76.3 77.3 92

Siemens Balance Sheet

#(Fig in Cr.) Sep 2015 Sep 2016 Sep 2017 Sep 2018 Sep 2019 Sep 2020 Sep 2021 Sep 2022 Sep 2023 Sep 2024 Mar 2026
Shareholder's Funds 5118 6804 7691 8299 9049 9492 10348 11610 13087 15357 13840
Minority's Interest 0 0 0 0 0 0 8 8 9 9 11
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 2714 3507 3142 4969 5152 5663 6490 6559 7191 7996 8504
Total Current Liabilities 6214 5791 7333 6571 7229 6832 8153 9405 9413 10863 7601
Total Liabilities 14045 16101 18166 19839 21431 22186 24998 27582 29787 34225 30294
Fixed Assets 1394 1227 1257 1277 1219 1196 3166 3032 2973 3049 2723
Other Non-Current Assets 3787 4654 4477 6581 6412 7102 7378 7856 8108 9068 9504
Total Current Assets 8865 10220 12432 11981 13800 13295 14454 16675 18670 22108 17816
Total Assets 14045 16101 18166 19839 21431 22186 24998 27582 29787 34225 30294

Siemens Cash Flow

#(Fig in Cr.) Sep 2015 Sep 2016 Sep 2017 Sep 2018 Sep 2019 Sep 2020 Sep 2021 Sep 2022 Sep 2023 Sep 2024 Mar 2026
Opening Cash & Cash Equivalents 1117 2092 1228 1266 886 713 1917 448 1001 1192 1836
Cash Flow from Operating Activities 574 513 573 100 1273 720 1422 979 1400 1655 -535
Cash Flow from Investing Activities 645 237 1322 -175 -1134 871 -2389 -35 -759 -505 3688
Cash Flow from Financing Activities -245 -1614 -285 -305 -312 -386 -502 -392 -450 -509 -3302
Net Cash Inflow / Outflow 974 -864 1611 -380 -173 1205 -1469 551 191 641 -149
Closing Cash & Cash Equivalent 2092 1228 2838 886 713 1917 448 1001 1192 1836 1694

Siemens Ratios

# Sep 2015 Sep 2016 Sep 2017 Sep 2018 Sep 2019 Sep 2020 Sep 2021 Sep 2022 Sep 2023 Sep 2024 Mar 2026
Earnings Per Share (Rs) 32.99 81.85 31.93 25.31 30.88 21.59 30.58 43.34 55.08 76.31 77.29
CEPS(Rs) 38.49 87.38 37.48 30.87 37.49 28.7 37.28 44.35 64.12 62.03 75.8
DPS(Rs) 10 33.5 7 7 7 7 8 10 10 12 18
Book NAV/Share(Rs) 143.76 191.12 216.03 233.12 254.2 266.63 290.66 326.13 367.62 431.37 388.77
Core EBITDA Margin(%) 9.83 9.81 8.67 10.15 11.05 10.2 11 11.02 12.58 13.36 10.98
EBIT Margin(%) 17.84 39.35 14.92 11.23 13.4 11.03 10.95 11.03 13.82 17.75 12.58
Pre Tax Margin(%) 17.52 38.97 14.64 10.95 13.1 10.42 10.55 10.61 13.5 17.29 12.29
PAT Margin (%) 12.29 28.88 9.97 7.04 8.68 7.74 7.8 7.82 10.03 12.95 9.19
Cash Profit Margin (%) 14.69 31.16 11.7 8.59 10.2 10.27 10.06 9.78 11.67 14.58 10.86
ROA(%) 8.42 19.13 6.63 4.74 5.5 3.53 4.37 4.8 6.84 6.13 7.08
ROE(%) 24.16 48.37 15.68 11.27 13.09 8.3 10.38 11.49 15.89 13.79 15.64
ROCE(%) 34.98 65.63 23.43 17.98 20.21 11.83 14.57 16.2 21.88 18.91 21.42
Receivable days 131.66 110.96 103.37 101.29 104.43 127.63 94.34 84.46 70.7 98.79 61.06
Inventory Days 39.16 35.92 32.52 30.98 31.66 41.01 40.13 44.69 43.58 61.88 38.34
Payable days 184.22 156.23 166.71 182.98 207.3 274.85 188.29 177.05 152.9 167.06 100.92
PER(x) 40.11 15.16 37.56 37.19 49.05 58.58 69.56 63.91 66.7 94.94 37.96
Price/Book(x) 9.21 6.49 5.55 4.04 5.96 4.74 7.32 8.49 9.99 16.8 7.55
Dividend Yield(%) 0.76 2.7 0.58 0.74 0.46 0.55 0.38 0.36 0.27 0.17 0.61
EV/Net Sales(x) 5.01 4.25 3.49 2.33 3.74 3.95 5.35 5.7 6.3 16.4 3.98
EV/Core EBITDA(x) 40.75 34.95 29 18.24 25.06 29.15 40.5 43.9 40.74 84.61 27.33
Net Sales Growth(%) -9.42 6.38 2.1 15.64 2.26 -27.75 32.69 22.27 21.17 -22.54 64.04
EBIT Growth(%) 83.4 136.04 -57.2 -15.53 21.99 -35.42 31.76 23.1 51.87 -0.49 16.29
PAT Growth(%) 83.59 151.39 -60.99 -20.71 26.01 -30.01 33.83 22.54 55.47 0 16.39
EPS Growth(%) 94.7 148.1 -60.99 -20.71 21.99 -30.09 41.66 41.72 27.08 38.54 1.29
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 1.43 1.76 1.7 1.82 1.91 1.95 1.77 1.77 1.98 2.04 2.34
Quick Ratio(x) 1.27 1.59 1.56 1.65 1.75 1.78 1.55 1.54 1.72 1.79 2
Interest Cover(x) 55.11 105.89 52.67 40.37 44.95 18.28 27.48 26.36 43.3 38.63 43.01
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +64% +15% +20% +11%
Operating Profit CAGR +23% +20% +22% +13%
PAT CAGR +16% +22% +24% +7%
Share Price CAGR +22% +2% +12% +12%
ROE Average +16% +15% +13% +17%
ROCE Average +21% +21% +19% +24%

Siemens Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 75 %
FII 6.47 %
DII (MF + Insurance) 9.09 %
Public (retail) 9.44 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 75757575757575757575
FII 8.38.598.698.778.197.666.996.856.86.47
DII 7.417.026.96.787.297.258.058.368.599.09
Public 9.299.399.419.459.5210.099.969.799.619.44
Others 0000000000
Total 100100100100100100100100100100

Siemens Peer Comparison

Electric Equipment Edit Columns

Siemens Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Siemens Pros & Cons

Pros

  • Company has delivered good profit growth of 24% CAGR over last 5 years
  • Debtor days have improved from 167.06 to 100.92days.
  • Company is almost debt free.

Cons

  • Stock is trading at 9.6 times its book value.
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