Siemens Energy
Siemens Energy
Industrials F&OKey Fundamentals
LargecapElectrical EquipmentCapital GoodsPrice-based figures as of 9 Oct 2026, 3:54 pm IST · EPS basis: Standalone · TTM
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
1- Stock is trading at 23.1 times its book value
Growth Rate
AI Analysis — Bull vs Bear
As of the 2026-10-09 close, Siemens Energy India Ltd (ENRIN) traded at ₹3,101, giving it a market capitalisation of ₹110,432.97 crore. On that price the stock carried a TTM P/E of 74.2 (EPS ₹41.79) and a P/B of 22.95. The balance sheet is nearly debt-free (debt-to-equity 0.04), returns are strong (ROE 25.11%, ROCE 29.23%), and recently reported quarters showed fast growth: April–June 2026 revenue rose 39.3% YoY to ₹2,486 crore and net profit rose about 68% to ₹441 crore. The stock was 21.9% below its 52-week high of ₹3,968 and 46.6% above its 52-week low of ₹2,115, with a 1-year return of -2%.
- The balance sheet is almost debt-free, with debt-to-equity at 0.04. That keeps financial risk low and leaves room to fund working capital for large power and grid projects without much borrowing.
- Capital efficiency is high, with ROCE at 29.23% and ROE at 25.11%. This points to profitable use of capital in a capital-goods business.
- Top-line growth has been strong. In the April–June 2026 quarter, revenue from operations rose 39.3% YoY to ₹2,486 crore from ₹1,784.6 crore, according to reported results.
- Profit grew faster than revenue. Standalone net profit rose about 67.8% YoY to ₹441 crore in the April–June 2026 quarter, and the March 2026 quarter's PAT rose 52.4% YoY to ₹374.6 crore.
- Margins are widening. Reported operating EBIT margin expanded about 430 basis points to 21.9% in the latest reported quarter, which suggests operating leverage and a better execution mix.
- The order backlog gives revenue visibility. It was reported at a record ₹19,331 crore (up 16.4% YoY), roughly 1.9 times the latest quarterly revenue run-rate annualised (about ₹9,944 crore).
- The stock has already pulled back. At ₹3,101 on 2026-10-09 it was 21.9% below its 52-week high of ₹3,968, so part of the earlier rally has unwound while earnings kept growing.
- The valuation is demanding. A TTM P/E of 74.2 implies an earnings yield of only about 1.35%, so the price assumes strong earnings growth will continue for several years.
- The P/B of 22.95 is very high. Any slowdown in growth or drop in returns could lead to a sharp de-rating.
- Shareholders get little cash income. The dividend yield is only 0.13%, so returns depend almost entirely on price appreciation.
- The stock is volatile. Its 52-week range runs from ₹2,115 to ₹3,968, an 87.6% swing from low to high, and the 1-year return is -2% despite strong profit growth.
- The order backlog of about ₹19,331 crore covers only about 17.5% of the ₹110,432.97 crore market cap. A large share of the valuation therefore depends on order inflows that have not yet been won.
- The company has a short history as a standalone listed entity. The 3-, 5- and 10-year sales, profit, ROE and stock CAGR figures are unavailable, and the reported TTM profit growth of 368,610% is a base-effect distortion from the demerger rather than a meaningful trend.
- ROE was reported at 50% last year versus 25.11% currently. Returns may be normalising as the equity base grows, and further compression would be hard to square with a P/E of 74.2.
- Fixed-price power and grid contracts expose the company to commodity and execution risk. Siemens Ltd, its former parent, reported a 9.6% PAT decline in a recent quarter that it partly attributed to commodity costs, which shows how margins in this segment can swing.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- New Transformers execution head appointed Oct 5
Siemens Energy India appointed Ajay Jain as Execution Unit Head for Grid Technologies - Transformers, effective October 5, 2026. Jain has over 30 years of experience, which adds leadership depth to the transformer business.
- Trading window closed before results Sep 28
The company closed its trading window from September 30, 2026, ahead of its FY27 financial results. The window stays closed until 48 hours after the results are announced.
- J.P. Morgan investor conference meet Sep 16
Siemens Energy India will hold an in-person group meeting at the J.P. Morgan India Conference in Mumbai on September 21-22, 2026. The meeting will cover the company's strategic outlook with investors.
TL;DR: Recent news flow for Siemens Energy India is routine: a leadership hire, a compliance-related trading window closure and an investor meeting. None of these items moves the fundamentals in a clear direction. The appointment of an experienced executive to the Grid Technologies - Transformers unit points to a focus on execution, though these articles contain no numbers on orders, margins or capacity. The upcoming results will matter most for the stock's next move, especially order inflows, the backlog and how well the transformer business executes.
Quarterly Results
| Particulars | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 1,484 | 1,517 | 1,880 | 1,785 | 2,646 | 1,911 | 2,394 | 2,486 |
| Expenses | 0 | 1,271 | 1,182 | 1,521 | 1,444 | 2,166 | 1,450 | 1,896 | 1,900 |
| Operating Profit | 0 | 213 | 335 | 358 | 340 | 479 | 461 | 498 | 586 |
| OPM % | — | 14% | 22% | 19% | 19% | 18% | 24% | 21% | 24% |
| Other Income | 0 | 0 | 2 | 14 | 52 | 37 | -3 | 46 | 57 |
| Interest | 0 | 1 | 4 | 3 | 14 | 6 | 7 | 7 | 9 |
| Depreciation | 0 | 16 | 21 | 24 | 27 | 31 | 32 | 35 | 40 |
| PBT | 0 | 196 | 312 | 345 | 352 | 478 | 418 | 502 | 593 |
| Tax % | — | 26% | 26% | 29% | 25% | 25% | 25% | 25% | 26% |
| Net Profit | 0 | 146 | 232 | 246 | 263 | 360 | 313 | 375 | 441 |
| EPS in Rs | — | — | — | — | 7.38 | 10.1 | 8.79 | 10.52 | 12.38 |
Profit & Loss
| Particulars | Sep 2024 8m | Feb 2025 5m | Sep 2025 | TTM |
|---|---|---|---|---|
| Sales | 0 | 2,653 | 7,827 | 9,436 |
| Expenses | 0 | 2,064 | 6,295 | 7,412 |
| Operating Profit | 0 | 589 | 1,532 | 2,024 |
| OPM % | — | 22% | 20% | 21% |
| Other Income | 0 | 3 | 98 | 137 |
| Interest | 0 | 10 | 39 | 30 |
| Depreciation | 0 | 35 | 103 | 139 |
| PBT | 0 | 547 | 1,488 | 1,992 |
| Tax % | 0% | 25% | 26% | — |
| Net Profit | 0 | 409 | 1,100 | 1,488 |
| EPS in Rs | — | — | 30.89 | 41.79 |
| Div. Payout % | 0% | 0% | 13% | — |
Balance Sheet
| Particulars | Sep 2024 | Feb 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 0.01 | 0 | 71 | 71 |
| Reserves | 0 | 3,782 | 4,310 | 4,741 |
| Borrowings | 0 | 127 | 148 | 216 |
| Other Liabilities | 0 | 3,520 | 5,016 | 5,190 |
| Total Liabilities | 0 | 7,428 | 9,545 | 10,218 |
| Fixed Assets | 0 | 435 | 536 | 610 |
| CWIP | 0 | 93 | 76 | 116 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 6,901 | 8,933 | 9,492 |
| Total Assets | 0 | 7,428 | 9,545 | 10,218 |
Cash Flow
| Particulars | Sep 2024 | Feb 2025 | Sep 2025 |
|---|---|---|---|
| Operating | 0 | 103 | 3,670 |
| Investing | 0 | -80 | -3,483 |
| Financing | 0 | -23 | -55 |
| Net Cash Flow | 0 | 0 | 132 |
| Free Cash Flow | 0 | 23 | 3,454 |
| CFO/OP | 0 | 17 | 254 |
Ratios
| Particulars | Sep 2024 | Feb 2025 | Sep 2025 |
|---|---|---|---|
| Debtor Days | — | 266 | 90 |
| Cash Conversion Cycle | — | 266 | 90 |
| Working Capital Days | — | 478 | 35 |
| ROCE % | — | — | 68% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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52 extracted metrics + investor summaries across FY23–FY27.
Documents
Frequently Asked Questions about Siemens Energy
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Company Information
Incorporated in 2024, Siemens Energy India Ltd is a leading energy technology Provider, delivering integrated solutions across power generation and transmission systems[1]Siemens Energy India Limited (SEIL) works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, it covers almost the entire energy value chain - from power and heat generation and transmission to storage.[2]
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