Siemens Ltd
Siemens Ltd
Industrials F&OKey Fundamentals
LargecapElectrical EquipmentCapital GoodsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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37 extracted metrics + investor summaries across FY15–FY26.
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Technical Indicators
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 10.2 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
AI Analysis — Bull vs Bear
Siemens Ltd is a nearly debt-free industrial conglomerate with a market cap of ₹1,40,511 Cr trading at a PE of 42.7x and 10.1x book value. The company delivered 30% profit CAGR over five years but saw a TTM profit decline of 12%, while sales grew 13% TTM and ROE improved to 19% in the last year.
- Company is virtually debt-free, providing significant financial flexibility and resilience during economic downturns
- Five-year compounded profit growth of 30% CAGR demonstrates strong earnings momentum over a sustained period
- ROE has improved from a 10-year average of 14% to 19% in the last year, indicating rising capital efficiency
- Debtor days improved from 78.1 to 57.3 days, reflecting better receivables management and cash conversion
- Five-year compounded sales growth of 20% signals robust top-line expansion well above broader industrial sector averages
- Stock CAGR of 25% over five years reflects sustained investor confidence and wealth creation
- Consistent dividend payout ratio of 19.1% maintained alongside reinvestment for growth
- Three-year ROE of 17% and five-year ROE of 16% demonstrate consistently above-average returns on equity
- PE ratio of 42.7x is significantly above the broader market average, leaving limited margin of safety if growth slows
- Stock trades at 10.1x book value, which is elevated even for a quality industrial franchise
- TTM compounded profit declined 12%, a sharp reversal from the 23% three-year profit CAGR
- Earnings quality concern as other income of ₹2,177 Cr forms a material portion of reported profits
- Working capital days deteriorated from 47.5 to 71.3 days, indicating worsening operational cash flow efficiency
- Dividend yield of only 0.46% offers minimal income return relative to the premium valuation paid
- Ten-year sales CAGR of only 9% suggests growth acceleration is relatively recent and may not be sustainable long-term
- TTM sales growth decelerated to 13% from the five-year CAGR of 20%, signaling potential top-line slowdown
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- LVM sale boosts Q1FY27 PAT Aug 11
Siemens reported consolidated net profit of ₹2,143 crore for Q1FY27, driven by a ₹2,099 crore one-time gain from the sale of its Low Voltage Motors business. Revenue rose 14.8% YoY to ₹4,714 crore.
- Precision Innovations EDA acquisition Jul 20
Siemens signed an agreement to acquire Precision Innovations Inc. to expand its EDA portfolio with AI-powered chip planning capabilities.
TL;DR: Siemens delivered a strong Q1FY27 headline profit number, though the bulk of PAT was driven by a one-time LVM divestiture gain rather than operational outperformance. Revenue growth of 14.8% YoY remains healthy. The Precision Innovations acquisition signals strategic investment in AI-driven semiconductor design tools. Key to watch is whether core operating margins sustain momentum once one-off gains normalize in coming quarters.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Mar 2026 18m | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Mar 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 |
Cash Flow
| Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Mar 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 |
Ratios
| Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Mar 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% |
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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]