Siemens logo

Siemens

SIEMENS NSE

Key Fundamentals

LargecapElectrical EquipmentCapital Goods
Market Cap
1.3L Cr
Volatility
Moderate
P/E Ratio
41.36
EBITDA
₹3,577 Cr
Return on Equity
16.48%
Debt to Equity
0.02
Book Value
₹388.64
EPS
₹68.99
52W High
₹4,149.4
52W Low
₹2,826

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

4
  • Company is almost debt free.
  • Company has delivered good profit growth of 29.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.1%
  • Debtor days have improved from 78.1 to 57.3 days.

Weaknesses

3
  • Stock is trading at 9.79 times its book value
  • Earnings include an other income of Rs.2,177 Cr.
  • Working capital days have increased from 47.5 days to 71.3 days

Growth Rate

Revenue Growth
59.77% higher than 3Y
Net Income Growth
16.39% lower than 3Y
Cash Flow Change
-132% higher than 3Y
ROE
29.05% higher than 3Y
ROCE
25.96% higher than 3Y
EBITDA Margin (Avg.)
-23.03% lower than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk medium

Siemens Ltd has a market capitalisation of about Rs 1,37,363 Cr and trades at 41.9x earnings and 9.91x book value. Its record over five years is strong, with 20% sales CAGR, 30% profit CAGR and 26% stock CAGR, and it carries almost no debt. However, trailing-twelve-month profit is down 12% even though sales grew 13%, other income of Rs 2,177 Cr makes up a large share of reported earnings, and working capital days have risen from 47.5 to 71.3.

Bull Case 8
  • Profit compounded at about 30% a year over five years (29.6% CAGR) and 23% over three years, well ahead of the 16% ten-year profit CAGR. This shows earnings momentum has picked up in recent years.
  • Sales grew at 20% CAGR over five years and 15% over three years, compared with 9% over ten years. This points to demand from capex and infrastructure cycles moving through the order book.
  • The company is almost debt free. That gives it balance-sheet flexibility and limits its exposure to interest-rate cycles, which matters for a capital-goods business with lumpy project cash flows.
  • Return on equity has improved steadily: 14% over ten years, 16% over five years, 17% over three years and 19% in the last year. That is a consistent upward trend in capital efficiency.
  • Debtor days fell from 78.1 to 57.3, a reduction of about 21 days. The company is collecting receivables faster, which is a meaningful gain in a project-driven business.
  • Sales still grew 13% on a trailing-twelve-month basis. The fall in profit therefore does not come from falling revenue.
  • The stock has returned 25% over one year, 22% CAGR over three years and 26% CAGR over five years, a record of sustained shareholder returns.
  • The company pays out 19.1% of profits as dividends. This gives shareholders some cash return while keeping most earnings for reinvestment.
Bear Case 7
  • At 41.9x P/E, the earnings yield is only about 2.4%. The stock trades at 9.91x book value while ROE was 19% last year, so the price assumes growth continues for a long time.
  • Trailing-twelve-month profit fell 12% while sales rose 13%. This gap suggests pressure on margins, costs, mix or one-off items, and it breaks from the 30% five-year profit CAGR.
  • Earnings include Rs 2,177 Cr of other income. Market cap divided by P/E implies trailing earnings of about Rs 3,280 Cr (a derived estimate), so non-operating income could be roughly two-thirds of reported profit. Core operating profit may therefore be much smaller than the headline figure.
  • Working capital days rose from 47.5 to 71.3, an increase of about 24 days. This happened even though debtor days improved, which points to higher inventory or other current assets tying up cash.
  • Over ten years the stock returned 18% CAGR while profit grew 16% and sales 9%. Part of the return came from the market paying a higher multiple rather than from earnings growth, and that can reverse.
  • The dividend yield is 0.47%. That offers little income support if the valuation multiple compresses.
  • Ten-year sales CAGR is only 9%, compared with 20% over five years. The company has gone through a long slow-growth phase before, so the recent 15-20% growth may depend on the capex cycle.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Positives 3
  • India is Siemens' fastest-growing market Sep 13

    Siemens Digital Industries CEO Cedrik Neike said India is one of Siemens' top four markets globally and its fastest-growing, with good performance over the last two quarters and five years. He sees room for manufacturing's share of value addition to rise from about 17% to 25%, which supports demand for Siemens Ltd's automation business.

  • NCLT clears Rail Automation merger Sep 9

    NCLT waived the shareholder and creditor meetings for merging Siemens Rail Automation Pvt Ltd into Siemens Ltd. That speeds up the restructuring and brings the rail signalling business directly into the listed company.

  • C&S Electric to become fully owned Sep 25

    NCLT approved a reduction of the 0.78% minority stake in C&S Electric. Siemens Ltd, which holds 99.22%, will become the sole shareholder once this is complete, which simplifies the group structure.

Neutral 5
  • Siemens Energy entities leave promoter group Sep 18

    On Sep 7, Siemens Energy Holdco B.V. and Siemens Energy Holding B.V. asked to be reclassified from promoter to public shareholders, citing zero shareholding and no control. Siemens Ltd's board approved this on Sep 18, 2026, formally completing the separation after the demerger.

  • Board change: Rebellius out, Bienert in Oct 1

    Matthias Rebellius resigned and Veronika Bienert was appointed as Special Director, effective October 1, 2026. This is a routine change of the parent company's nominee.

  • New Digital Industries head appointed Sep 8

    Aditya Ramkrishna takes over as Head of Digital Industries from October 1, 2026. He succeeds interim head Suprakash Chaudhuri, who keeps his Asia Pacific role.

  • Siemens Energy India gets bullish brokerage calls Sep 21

    DRChoksey started coverage of Siemens Energy India with a Buy and a ₹4,554 target (41% upside), based on a ₹19,300 cr order book. On Sep 2, Motilal Oswal cut its target from ₹4,100 to ₹4,000 and lowered FY27 estimates by 5%. This is a separate listed company after the demerger, so the effect on Siemens Ltd is only sentiment.

  • Siemens Energy India enters F&O Sep 30

    Siemens Energy India began F&O trading on Sep 30 with a lot size of 175 shares. It closed at ₹3,214, up 27% in 2026 but down 6.5% over 12 months. This is not a direct event for Siemens Ltd.

TL;DR: Siemens Ltd's recent news is mostly corporate housekeeping: NCLT approvals to merge Rail Automation and fully own C&S Electric, plus formal removal of the Siemens Energy entities from the promoter group. Together these finish the post-demerger cleanup and simplify the structure. Management sees India as the fastest-growing market for Digital Industries, though leadership changes in that business and on the board bring some transition risk. There is no news on orders or earnings, and the bullish brokerage calls cover the separately listed Siemens Energy India, not Siemens Ltd. The trend is steady to slightly better, and the next trigger will be order inflows and margins in automation and mobility in upcoming results.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
4,873
5,808
3,710
4,152
3,763
4,457
3,360
4,029
4,108
4,900
3,831
4,618
4,714
Expenses
4,307
5,108
3,256
3,516
3,277
3,912
2,974
3,584
3,590
4,291
3,409
4,174
4,283
Operating Profit
567
700
453
637
485
545
387
445
517
609
422
444
431
OPM %
12%
12%
12%
15%
13%
12%
12%
11%
13%
12%
11%
10%
9%
Other Income
132
146
256
479
298
544
423
341
125
126
19
116
1,917
Interest
4
5
3
21
5
18
3
2
5
4
6
14
7
Depreciation
88
79
60
63
70
62
66
66
69
69
71
74
78
PBT
607
762
646
1,032
709
1,009
740
718
569
662
364
472
2,262
Tax %
25%
25%
22%
22%
18%
18%
17%
19%
26%
27%
24%
21%
5%
Net Profit
456
572
506
803
578
831
615
582
423
485
278
370
2,143
EPS in Rs
12.79
16.04
14.19
22.54
16.22
23.33
17.25
16.34
11.88
13.62
7.79
10.39
60.18
Figures in ₹ Crores

Profit & Loss

Particulars Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Mar 2026 18mTTM
Sales
10,678
10,563
10,837
11,065
12,795
13,084
9,946
13,198
16,138
19,554
15,146
24,846
18,062
Expenses
10,559
9,565
9,815
10,008
11,468
11,594
8,944
11,746
14,278
17,067
13,087
21,982
16,156
Operating Profit
119
998
1,021
1,056
1,327
1,490
1,003
1,452
1,860
2,487
2,059
2,863
1,906
OPM %
1.1%
9%
9%
10%
10%
11%
10%
11%
12%
13%
14%
12%
11%
Other Income
985
943
3,156
818
280
398
315
321
487
496
1,633
1,149
2,177
Interest
31
30
11
8
8
12
30
24
36
23
70
73
31
Depreciation
229
224
228
198
198
199
252
297
317
321
246
415
292
PBT
844
1,688
3,938
1,669
1,402
1,678
1,036
1,452
1,993
2,640
3,375
3,525
3,760
Tax %
28%
30%
26%
32%
36%
34%
26%
25%
23%
26%
19%
22%
—
Net Profit
603
1,174
2,914
1,137
901
1,099
769
1,089
1,543
1,962
2,718
2,754
3,277
EPS in Rs
16.94
32.98
81.82
31.92
25.31
30.87
21.58
30.57
43.33
55.07
76.29
77.27
91.98
Div. Payout %
35%
30%
41%
22%
28%
23%
32%
26%
23%
18%
16%
23%
—
Figures in ₹ Crores

Balance Sheet

Particulars Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Mar 2026
Equity Capital
71
71
71
71
71
71
71
71
71
71
71
71
Reserves
4,304
5,046
6,732
7,619
8,228
8,978
9,421
10,276
11,539
13,016
15,286
13,769
Borrowings
0
25
25
0
0
0
0
4
182
175
279
307
Other Liabilities
5,915
5,433
5,157
5,448
6,037
6,309
6,368
7,664
8,317
8,384
9,534
7,066
Total Liabilities
10,290
10,576
11,986
13,138
14,336
15,358
15,860
18,015
20,109
21,646
25,170
21,213
Fixed Assets
1,356
1,394
1,227
1,365
1,381
1,219
1,196
3,264
3,107
3,038
3,112
2,785
CWIP
41
32
79
143
62
58
88
35
52
50
103
250
Investments
8
114
110
0
0
0
0
3
1
1
1
1
Other Assets
8,886
9,037
10,570
11,630
12,893
14,081
14,576
14,713
16,949
18,556
21,953
18,176
Total Assets
10,290
10,576
11,986
13,138
14,336
15,358
15,860
18,015
20,109
21,646
25,170
21,213
Figures in ₹ Crores

Cash Flow

Particulars Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Mar 2026
Operating
608
574
513
573
100
1,273
720
1,422
978
1,400
1,655
-535
Investing
130
646
237
1,321
-174
-1,135
871
-2,389
-34
-759
-502
3,695
Financing
-220
-245
-1,614
-285
-305
-312
-386
-502
-392
-450
-508
-3,302
Net Cash Flow
517
975
-864
1,610
-379
-174
1,205
-1,469
552
191
644
-142
Free Cash Flow
838
318
513
902
-79
1,259
710
1,315
847
1,334
1,552
-1,080
CFO/OP
675
81
85
131
52
127
102
124
81
89
121
21
Figures in ₹ Crores

Ratios

Particulars Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Mar 2026
Debtor Days
126
105
102
113
105
106
115
102
86
71
106
57
Inventory Days
78
69
69
70
74
73
101
104
99
95
101
60
Days Payable
202
173
150
182
196
215
251
214
186
152
180
94
Cash Conversion Cycle
3
1
21
1
-17
-36
-36
-8
0
14
27
23
Working Capital Days
24
19
31
34
49
44
42
31
16
31
40
71
ROCE %
—
19%
16%
15%
18%
19%
11%
14%
16%
21%
17%
21%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others2.06%Promot.75.00%FIIs6.47%Public7.39%DIIs9.09%As ofJun 2026

Documents

Frequently Asked Questions about Siemens

What does Siemens Ltd do?
Siemens Limited offers products, integrated solutions for industrial applications for manufacturing industries, drives for process industries, intelligent infrastructure and buildings, efficient and clean power generation from fossil fuels and oil & gas applications, transmission and distribution...
Where is Siemens Ltd (SIEMENS) listed?
Siemens Ltd trades as SIEMENS on the NSE and under code 500550 on the BSE.
Which sector does Siemens Ltd belong to?
Siemens Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the market capitalisation of Siemens Ltd?
Siemens Ltd has a market capitalisation of ₹1,33,506 Cr, which places it in the Large Cap band.
What is the PE ratio of Siemens Ltd?
Siemens Ltd trades at a PE ratio of 41.36, on earnings per share of ₹68.99, against a book value of ₹388.64 per share.
What is the 52-week high and low of Siemens Ltd?
Over the last 52 weeks Siemens Ltd has traded between ₹2,826 and ₹4,149.4.
Does Siemens Ltd pay dividends?
Siemens Ltd has a dividend yield of 0.48%.
What is the Return on Equity (ROE) of Siemens Ltd?
Siemens Ltd reported a return on equity of 16.48%. Its debt-to-equity ratio is 0.02.

Company Information

Siemens Limited offers products, integrated solutions for industrial applications for manufacturing industries, drives for process industries, intelligent infrastructure and buildings, efficient and clean power generation from fossil fuels and oil & gas applications, transmission and distribution of electrical energy for passenger and freight transportation, including rail vehicles, rail automation and rail electrification systems.[1]

Website siemens.co.in
CEO Mr. Sunil Dass Mathur B.Sc.
Employees 9,434
Listed 1995-09-06
Face Value ₹ 2
Issued Size 35,61,20,505

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