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 ₹ 1,10,289 Cr.
- Current Price ₹ 3,098
- High / Low ₹ 3,871 / 2,450
- Stock P/E 65.4
- Book Value ₹ 371
- Dividend Yield 0.39 %
- ROCE 15.8 %
- ROE 11.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 8.34 times its book value
- The company has delivered a poor sales growth of 11.8% over past five years.
- Earnings include an other income of Rs.987 Cr.
- Dividend payout has been low at 11.3% of profits over last 3 years
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,678 | 10,563 | 10,837 | 11,065 | 12,795 | 13,084 | 9,946 | 13,198 | 16,138 | 19,554 | 22,240 | 17,364 | |
| 10,559 | 9,565 | 9,815 | 10,008 | 11,468 | 11,594 | 8,944 | 11,746 | 14,278 | 17,067 | 19,136 | 15,357 | |
| Operating Profit | 119 | 998 | 1,021 | 1,056 | 1,327 | 1,490 | 1,003 | 1,452 | 1,860 | 2,487 | 3,104 | 2,007 |
| OPM % | 1% | 9% | 9% | 10% | 10% | 11% | 10% | 11% | 12% | 13% | 14% | 12% |
| 985 | 943 | 3,156 | 818 | 280 | 398 | 315 | 321 | 487 | 496 | 925 | 987 | |
| Interest | 31 | 30 | 11 | 8 | 8 | 12 | 30 | 24 | 36 | 23 | 60 | 15 |
| Depreciation | 229 | 224 | 228 | 198 | 198 | 199 | 252 | 297 | 317 | 321 | 330 | 280 |
| Profit before tax | 844 | 1,688 | 3,938 | 1,669 | 1,402 | 1,678 | 1,036 | 1,452 | 1,993 | 2,640 | 3,639 | 2,699 |
| Tax % | 28% | 30% | 26% | 32% | 36% | 34% | 26% | 25% | 23% | 26% | 25% | 22% |
| 603 | 1,174 | 2,914 | 1,137 | 901 | 1,099 | 769 | 1,089 | 1,543 | 1,962 | 2,718 | 2,106 | |
| 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 | 59.09 |
| Dividend Payout % | 35% | 30% | 41% | 22% | 28% | 23% | 32% | 26% | 23% | 18% | 16% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 12% |
| 3 Years: | 2% |
| TTM: | -22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 3% |
| TTM: | -33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 28% |
| 3 Years: | 24% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 14% |
| 3 Years: | 15% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 13,156 |
| 0 | 25 | 25 | 0 | 0 | 0 | 0 | 4 | 182 | 175 | 279 | 145 | |
| 5,915 | 5,433 | 5,157 | 5,448 | 6,037 | 6,309 | 6,368 | 7,664 | 8,317 | 8,384 | 9,663 | 6,616 | |
| Total Liabilities | 10,290 | 10,576 | 11,986 | 13,138 | 14,336 | 15,358 | 15,860 | 18,015 | 20,109 | 21,646 | 25,299 | 19,989 |
| 1,356 | 1,394 | 1,227 | 1,365 | 1,381 | 1,219 | 1,196 | 3,264 | 3,107 | 3,038 | 3,112 | 2,641 | |
| CWIP | 41 | 32 | 79 | 143 | 62 | 58 | 88 | 35 | 52 | 50 | 103 | 206 |
| Investments | 8 | 114 | 110 | 0 | 0 | 0 | 0 | 3 | 1 | 1 | 1 | 1 |
| 8,886 | 9,037 | 10,570 | 11,630 | 12,893 | 14,081 | 14,576 | 14,713 | 16,949 | 18,556 | 22,082 | 17,141 | |
| Total Assets | 10,290 | 10,576 | 11,986 | 13,138 | 14,336 | 15,358 | 15,860 | 18,015 | 20,109 | 21,646 | 25,299 | 19,989 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 608 | 574 | 513 | 573 | 100 | 1,273 | 720 | 1,422 | 978 | 1,400 | 1,670 | 375 | |
| 130 | 646 | 237 | 1,321 | -174 | -1,135 | 871 | -2,389 | -34 | -759 | -502 | 3,120 | |
| -220 | -245 | -1,614 | -285 | -305 | -312 | -386 | -502 | -392 | -450 | -523 | -3,186 | |
| Net Cash Flow | 517 | 975 | -864 | 1,610 | -379 | -174 | 1,205 | -1,469 | 552 | 191 | 644 | 310 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 126 | 105 | 102 | 113 | 105 | 106 | 115 | 102 | 86 | 71 | 72 | 63 |
| Inventory Days | 78 | 69 | 69 | 70 | 74 | 73 | 101 | 104 | 99 | 95 | 93 | 66 |
| Days Payable | 202 | 173 | 150 | 182 | 196 | 215 | 251 | 214 | 186 | 152 | 166 | 124 |
| Cash Conversion Cycle | 3 | 1 | 21 | 1 | -17 | -36 | -36 | -8 | -0 | 14 | -1 | 5 |
| Working Capital Days | 24 | 19 | 31 | 34 | 49 | 44 | 42 | 31 | 16 | 31 | 28 | 55 |
| ROCE % | 19% | 16% | 15% | 18% | 19% | 11% | 14% | 16% | 21% | 24% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24h - Refer to the attached clippings of Newspaper publication
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Two senior heads ceased Dec 31, 2025; Sabine Schneider and Sweta Praharaj appointed Jan 1, 2026; Strategy now senior management.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 2d
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Closure of Trading Window
29 Dec - Trading window closed 31 Dec 2025 to 8 Feb 2026 for results ending 31 Dec 2025.
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Information Pursuant To Regulation 30(5) Of The SEBI (LODR) Regulations, 2015
26 Dec - KMP contact details disclosed: Sunil Mathur (MD & CEO), Wolfgang Wrumnig (ED & CFO), Ketan Thaker (Company Secretary).
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Dec 2025TranscriptAI SummaryPPT
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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]