Siemens Ltd
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]
- Market Cap ₹ 1,30,655 Cr.
- Current Price ₹ 3,669
- High / Low ₹ 3,937 / 2,826
- Stock P/E 50.4
- Book Value ₹ 380
- Dividend Yield 0.49 %
- ROCE 19.5 %
- ROE 18.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 27.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 19.9%
- Debtor days have improved from 78.8 to 56.9 days.
Cons
- Stock is trading at 9.61 times its book value
- Earnings include an other income of Rs.1,253 Cr.
- Working capital days have increased from 53.4 days to 79.8 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of BSE 500 BSE Capital Goods BSE 200 BSE Dollex 200 Nifty Next 50
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | Mar 2026 18m | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,512 | 10,810 | 11,015 | 12,725 | 13,000 | 9,869 | 12,522 | 14,832 | 17,965 | 13,403 | 15,485 | 22,025 | |
| 9,516 | 9,762 | 9,937 | 11,382 | 11,498 | 8,850 | 11,065 | 13,197 | 15,688 | 11,684 | 13,836 | 19,757 | |
| Operating Profit | 997 | 1,047 | 1,078 | 1,344 | 1,503 | 1,020 | 1,457 | 1,635 | 2,277 | 1,719 | 1,649 | 2,268 |
| OPM % | 9% | 10% | 10% | 11% | 12% | 10% | 12% | 11% | 13% | 13% | 11% | 10% |
| 943 | 3,156 | 820 | 280 | 394 | 310 | 278 | 597 | 549 | 1,747 | 1,076 | 1,253 | |
| Interest | 28 | 35 | 32 | 36 | 39 | 60 | 46 | 61 | 58 | 65 | 10 | 62 |
| Depreciation | 216 | 226 | 197 | 197 | 198 | 250 | 225 | 210 | 224 | 147 | 172 | 250 |
| Profit before tax | 1,696 | 3,942 | 1,669 | 1,391 | 1,660 | 1,020 | 1,464 | 1,961 | 2,545 | 3,254 | 2,542 | 3,210 |
| Tax % | 30% | 26% | 32% | 36% | 35% | 26% | 25% | 22% | 25% | 18% | 20% | 21% |
| 1,183 | 2,917 | 1,134 | 894 | 1,087 | 756 | 1,103 | 1,531 | 1,911 | 2,665 | 2,026 | 2,546 | |
| EPS in Rs | 33.23 | 81.92 | 31.83 | 25.10 | 30.52 | 21.24 | 30.97 | 42.99 | 53.67 | 74.84 | 56.89 | 71.50 |
| Dividend Payout % | 30% | 41% | 22% | 28% | 23% | 33% | 26% | 23% | 19% | 16% | 0% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 17% |
| 3 Years: | 14% |
| TTM: | 64% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 28% |
| 3 Years: | 20% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 26% |
| 3 Years: | 20% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 15% |
| 3 Years: | 17% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 |
| Reserves | 5,055 | 6,750 | 7,634 | 8,234 | 8,972 | 9,403 | 10,272 | 11,525 | 12,953 | 15,176 | 12,970 | 13,454 |
| 0 | 0 | 0 | 0 | 0 | 206 | 196 | 160 | 152 | 257 | 98 | 248 | |
| 5,401 | 5,133 | 5,418 | 5,944 | 6,167 | 5,986 | 6,842 | 7,757 | 7,726 | 8,748 | 5,671 | 6,016 | |
| Total Liabilities | 10,528 | 11,954 | 13,123 | 14,249 | 15,210 | 15,666 | 17,382 | 19,512 | 20,902 | 24,252 | 18,810 | 19,790 |
| 1,361 | 1,196 | 1,334 | 1,351 | 1,190 | 1,165 | 1,112 | 1,024 | 1,021 | 1,164 | 726 | 882 | |
| CWIP | 32 | 79 | 143 | 62 | 58 | 88 | 30 | 49 | 48 | 99 | 196 | 239 |
| Investments | 169 | 165 | 55 | 55 | 55 | 55 | 2,212 | 2,220 | 2,220 | 2,220 | 2,220 | 2,220 |
| 8,966 | 10,515 | 11,591 | 12,780 | 13,907 | 14,358 | 14,028 | 16,219 | 17,614 | 20,769 | 15,667 | 16,448 | |
| Total Assets | 10,528 | 11,954 | 13,123 | 14,249 | 15,210 | 15,666 | 17,382 | 19,512 | 20,902 | 24,252 | 18,810 | 19,790 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 618 | 508 | 554 | 42 | 1,212 | 676 | 1,334 | 928 | 1,179 | 1,398 | 101 | -971 | |
| 625 | 240 | 1,313 | -156 | -1,034 | 829 | -2,507 | 20 | -659 | -388 | 3,233 | 4,052 | |
| -268 | -1,612 | -260 | -305 | -311 | -385 | -320 | -383 | -440 | -497 | -3,170 | -3,274 | |
| Net Cash Flow | 975 | -864 | 1,607 | -420 | -133 | 1,121 | -1,494 | 565 | 80 | 513 | 165 | -192 |
| Free Cash Flow | 650 | 221 | 883 | -137 | 1,198 | 667 | 1,234 | 828 | 1,136 | 1,325 | -235 | -1,452 |
| CFO/OP | 85% | 82% | 127% | 47% | 121% | 95% | 115% | 87% | 85% | 125% | 56% | -0% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 105 | 102 | 113 | 105 | 107 | 116 | 100 | 87 | 71 | 109 | 59 | 57 |
| Inventory Days | 69 | 68 | 70 | 73 | 71 | 100 | 98 | 98 | 95 | 101 | 64 | 56 |
| Days Payable | 172 | 150 | 181 | 194 | 214 | 250 | 215 | 197 | 160 | 190 | 125 | 93 |
| Cash Conversion Cycle | 2 | 20 | 1 | -16 | -36 | -35 | -16 | -12 | 6 | 20 | -3 | 20 |
| Working Capital Days | 19 | 31 | 34 | 50 | 47 | 47 | 35 | 17 | 34 | 46 | 63 | 80 |
| ROCE % | 19% | 16% | 16% | 18% | 19% | 12% | 14% | 15% | 21% | 16% | 15% | 20% |
Insights
In beta| Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2023 | Sep 2024 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book-to-Bill Ratio ratio |
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| New Orders INR billion |
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| Order Backlog INR billion |
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| Export Revenue Share % of total revenue |
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| Smart Infrastructure Revenue Share % of total revenue |
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Extracted by Screener AI
Documents
Announcements
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Business Responsibility and Sustainability Reporting (BRSR)
17 Jul - Siemens filed FY2024-26 BRSR with PwC assurance and disclosed minor labour/GST penalties up to ₹5,000.
- Newspaper Publication - Post Dispatch Of Annual Report 16 Jul
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Letter To The Shareholders - Annual Report FY 2026
14 Jul - Siemens sent FY 2024-26 annual report and AGM notice; AGM on August 11, 2026 via VC.
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Business Responsibility and Sustainability Reporting (BRSR)
13 Jul - Siemens filed FY2024-26 BRSR report, including ESG disclosures and minor penalties.
- Notice Of 68Th Annual General Meeting - 11.08.2026 13 Jul
Annual reports
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Financial Year 2026
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Financial Year 2024
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Financial Year 2024
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Financial Year 2023
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Financial Year 2023
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Financial Year 2022
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Financial Year 2022
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Financial Year 2021
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Financial Year 2021
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Financial Year 2020
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Financial Year 2020
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Financial Year 2019
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Financial Year 2019
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Financial Year 2018
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Financial Year 2018
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Concalls
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Jun 2026Transcript PPT REC
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Dec 2025Transcript PPT
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May 2025Transcript PPT
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Dec 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Jul 2023TranscriptPPT
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May 2023TranscriptPPTREC
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Dec 2022Transcript PPT
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Jun 2022TranscriptPPT
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Dec 2021Transcript PPT
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Aug 2021TranscriptPPT
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Jun 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020TranscriptPPT
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Nov 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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Dec 2016TranscriptAI SummaryPPT
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May 2016TranscriptAI SummaryPPT
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Mar 2016Transcript PPT
Strong Promoter
Siemens AG, Germany indirectly holds a 75% stake in the company.[1] It is a global technology company that focuses on intelligent infrastructure for buildings and decentralized energy systems, on automation and digitalization in the process and manufacturing industries, and smart mobility solutions for rail and road transport.[2]