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 ₹ 1,35,397 Cr.
- Current Price ₹ 3,802
- High / Low ₹ 4,149 / 2,826
- Stock P/E 90.0
- Book Value ₹ 389
- Dividend Yield 0.48 %
- ROCE 21.4 %
- ROE 19.2 %
- Face Value ₹ 2.00
Pros
- 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.
Cons
- Stock is trading at 9.64 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
* 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 | Mar 2026 18m | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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% |
| 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 |
| Profit before tax | 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% | |
| 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 |
| Dividend Payout % | 35% | 30% | 41% | 22% | 28% | 23% | 32% | 26% | 23% | 18% | 16% | 23% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 20% |
| 3 Years: | 15% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 30% |
| 3 Years: | 23% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 25% |
| 3 Years: | 20% |
| 1 Year: | 13% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 16% |
| 3 Years: | 17% |
| Last Year: | 19% |
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 | 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 |
| 0 | 25 | 25 | 0 | 0 | 0 | 0 | 4 | 182 | 175 | 279 | 307 | |
| 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 |
| 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 |
| 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 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 608 | 574 | 513 | 573 | 100 | 1,273 | 720 | 1,422 | 978 | 1,400 | 1,655 | -535 | |
| 130 | 646 | 237 | 1,321 | -174 | -1,135 | 871 | -2,389 | -34 | -759 | -502 | 3,695 | |
| -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
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 | 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% |
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 | |
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| Book-to-Bill Ratio ratio |
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| Export Revenue Share % of total revenue |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
- Siemens issues shareholder and creditor notice on SRAPL amalgamation scheme after NCLT order dated 7 September 2026.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
- NCLT Mumbai dispensed with meetings for Siemens Rail Automation amalgamation on September 7, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
- Aditya Ramkrishna appointed Digital Industries head effective 1 Oct 2026; Suprakash Chaudhuri steps down 30 Sep 2026.
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Intimation Of Receipt Of Request For Reclassification From 'Promoter' Category To 'Public' Category In Accordance With Regulation 31A Of The SEBI (LODR) Regulations, 2015
- Siemens received 7 September 2026 request to reclassify Siemens Energy Holdco B.V. and Siemens Energy Holding B.V. as public.
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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.
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.