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 ₹ 1,45,696 Cr.
- Current Price ₹ 4,091
- High / Low ₹ 4,149 / 2,826
- Stock P/E 114
- Book Value ₹ 380
- Dividend Yield 0.44 %
- 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 10.9 times its book value
- Earnings include an other income of Rs.2,158 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 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,678 | 10,512 | 10,810 | 11,015 | 12,725 | 13,000 | 9,869 | 12,522 | 14,832 | 17,965 | 13,403 | 22,025 | 16,065 | |
| 10,559 | 9,516 | 9,762 | 9,937 | 11,382 | 11,498 | 8,850 | 11,065 | 13,197 | 15,688 | 11,684 | 19,757 | 14,537 | |
| Operating Profit | 119 | 997 | 1,047 | 1,078 | 1,344 | 1,503 | 1,020 | 1,457 | 1,635 | 2,277 | 1,719 | 2,268 | 1,528 |
| OPM % | 1.1% | 9% | 10% | 10% | 11% | 12% | 10% | 12% | 11% | 13% | 13% | 10% | 10% |
| 985 | 943 | 3,156 | 820 | 280 | 394 | 310 | 278 | 597 | 549 | 1,747 | 1,253 | 2,158 | |
| Interest | 31 | 28 | 35 | 32 | 36 | 39 | 60 | 46 | 61 | 58 | 65 | 62 | 25 |
| Depreciation | 229 | 216 | 226 | 197 | 197 | 198 | 250 | 225 | 210 | 224 | 147 | 250 | 177 |
| Profit before tax | 844 | 1,696 | 3,942 | 1,669 | 1,391 | 1,660 | 1,020 | 1,464 | 1,961 | 2,545 | 3,254 | 3,210 | 3,484 |
| Tax % | 28% | 30% | 26% | 32% | 36% | 35% | 26% | 25% | 22% | 25% | 18% | 21% | |
| 603 | 1,183 | 2,917 | 1,134 | 894 | 1,087 | 756 | 1,103 | 1,531 | 1,911 | 2,665 | 2,546 | 3,062 | |
| EPS in Rs | 16.94 | 33.23 | 81.92 | 31.83 | 25.10 | 30.52 | 21.24 | 30.97 | 42.99 | 53.67 | 74.84 | 71.50 | 85.99 |
| Dividend Payout % | 35% | 30% | 41% | 22% | 28% | 23% | 33% | 26% | 23% | 19% | 16% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 17% |
| 3 Years: | 14% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 28% |
| 3 Years: | 20% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 26% |
| 3 Years: | 24% |
| 1 Year: | 34% |
| 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 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 | 5,055 | 6,750 | 7,634 | 8,234 | 8,972 | 9,403 | 10,272 | 11,525 | 12,953 | 15,176 | 13,454 |
| 0 | 0 | 0 | 0 | 0 | 0 | 206 | 196 | 160 | 152 | 257 | 248 | |
| 5,915 | 5,401 | 5,133 | 5,418 | 5,944 | 6,167 | 5,986 | 6,842 | 7,757 | 7,726 | 8,748 | 6,016 | |
| Total Liabilities | 10,290 | 10,528 | 11,954 | 13,123 | 14,249 | 15,210 | 15,666 | 17,382 | 19,512 | 20,902 | 24,252 | 19,790 |
| 1,356 | 1,361 | 1,196 | 1,334 | 1,351 | 1,190 | 1,165 | 1,112 | 1,024 | 1,021 | 1,164 | 882 | |
| CWIP | 41 | 32 | 79 | 143 | 62 | 58 | 88 | 30 | 49 | 48 | 99 | 239 |
| Investments | 8 | 169 | 165 | 55 | 55 | 55 | 55 | 2,212 | 2,220 | 2,220 | 2,220 | 2,220 |
| 8,886 | 8,966 | 10,515 | 11,591 | 12,780 | 13,907 | 14,358 | 14,028 | 16,219 | 17,614 | 20,769 | 16,448 | |
| Total Assets | 10,290 | 10,528 | 11,954 | 13,123 | 14,249 | 15,210 | 15,666 | 17,382 | 19,512 | 20,902 | 24,252 | 19,790 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 608 | 618 | 508 | 554 | 42 | 1,212 | 676 | 1,334 | 928 | 1,179 | 1,398 | -971 | |
| 130 | 625 | 240 | 1,313 | -156 | -1,034 | 829 | -2,507 | 20 | -659 | -388 | 4,052 | |
| -220 | -268 | -1,612 | -260 | -305 | -311 | -385 | -320 | -383 | -440 | -497 | -3,274 | |
| Net Cash Flow | 517 | 975 | -864 | 1,607 | -420 | -133 | 1,121 | -1,494 | 565 | 80 | 513 | -192 |
| Free Cash Flow | 838 | 650 | 221 | 883 | -137 | 1,198 | 667 | 1,234 | 828 | 1,136 | 1,325 | -1,452 |
| CFO/OP | 675% | 85% | 82% | 127% | 47% | 121% | 95% | 115% | 87% | 85% | 125% | -0% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 107 | 116 | 100 | 87 | 71 | 109 | 57 |
| Inventory Days | 78 | 69 | 68 | 70 | 73 | 71 | 100 | 98 | 98 | 95 | 101 | 56 |
| Days Payable | 202 | 172 | 150 | 181 | 194 | 214 | 250 | 215 | 197 | 160 | 190 | 93 |
| Cash Conversion Cycle | 3 | 2 | 20 | 1 | -16 | -36 | -35 | -16 | -12 | 6 | 20 | 20 |
| Working Capital Days | 25 | 19 | 31 | 34 | 50 | 47 | 47 | 35 | 17 | 34 | 46 | 80 |
| ROCE % | 10% | 19% | 16% | 16% | 18% | 19% | 12% | 14% | 15% | 21% | 16% | 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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| 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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Announcement Under Reg - 30 - Litigation Update
- Supreme Court dismissed GST Department SLP over Rs 34.83 crore Halol lease dispute; Siemens wins on 20 Aug 2026.
- Copy Of Newspaper Publication - Financial Results For The First Quarter Ended 30Th June 2026
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Announcement under Regulation 30 (LODR)-Change in Management
- Swapnil Deosthali and Sapna Rawat exit Digital Industries on 16 Aug 2026; interim heads appointed from 17 Aug.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- 68th AGM approved FY26 accounts, Rs18 dividend, two director appointments, and related-party transactions up to Rs85,000 million.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Siemens filed voting results and scrutinizer report for its 68th AGM held August 11, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2024
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Annual Report 2024
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Annual Report 2023
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Annual Report 2023
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Annual Report 2022
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Annual Report 2022
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Annual Report 2021
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Annual Report 2021
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Annual Report 2020
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Annual Report 2020
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Annual Report 2019
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Annual Report 2019
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Annual Report 2018
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Annual Report 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
Promoter[1] [2] [3]
Siemens AG, Germany, indirectly holds a 75% stake in the company. It is a leading technology company focused on industry, infrastructure, mobility, and healthcare. Its portfolio includes industrial automation, industrial AI, electrification, smart infrastructure, etc.