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Siemens

SIEMENS NSE
₹3,509.00 No trade today
P/E
Not meaningful: last twelve months’ earnings are mostly a one-off item
View as Markdown
MCP
Close 4 Nov 2026 ₹3,509.00 +425.50 +13.8% 1Y
Start ₹3,083.50

Key Fundamentals

LargecapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
21.40%
Debt to Equity
0.02
EPS (TTM)
₹91.98
Book Value
₹388.64
Market Cap
—
P/E (TTM)
Not meaningful: last twelve months’ earnings are mostly a one-off item
P/B
9.03
ROE
19.20%
Dividend Yield
0.53%
EBITDA
₹3,577 Cr
52W High
₹4,149.40
52W Low
₹2,826.00
Volume
0

Peer Comparison

Industrials › Capital Goods › Electrical Equipment › Heavy Electrical Equipment

Siemens peer comparison
Bharat Heavy Electricals
₹423.8551.25₹1,46,351 Cr5.520.35%6.23%9.14%₹37,782 Cr₹2,878 Cr
ABB
₹6,750.0047.87₹1,40,908 Cr15.321.36%22.40%29.90%₹13,477 Cr₹2,988 Cr
CG Power & Industrial Solutions
₹841.4596.28₹1,27,312 Cr15.170.16%20.50%26.70%₹13,699 Cr₹1,364 Cr
Hitachi Energy
₹29,100.00112.75₹1,24,045 Cr25.060.03%21.90%29.40%₹9,162 Cr₹1,149 Cr
Siemens (this company)
₹3,509.00—₹1,22,035 Cr9.030.53%19.20%21.40%₹18,062 Cr₹3,276 Cr
GE Vernova T&D
₹4,265.0083.66₹1,04,523 Cr33.150.25%57.40%77.40%₹6,712 Cr₹1,305 Cr
Siemens Energy
₹2,963.0070.90₹1,01,562 Cr21.930.14%50.50%67.80%₹9,436 Cr₹1,489 Cr
Median 7 companies₹3,509.0077.28₹1,24,045 Cr15.320.25%21.90%29.40%₹13,477 Cr₹1,489 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
23
Poor
Returns, margins, earnings quality 22% weight
Valuation
57
Good
Cheap vs sector & own history 24% weight
Growth
38
Weak
Sales & profit trajectory 9% weight
Financial Health
76
Strong
Solvency, leverage, coverage 9% weight
Momentum
22
Poor
Trend strength, vol-adjusted 12% weight
Ownership
55
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 9.06 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
47.85
Neutral
MACD (12,26,9)
−105.08
Bullish
SMA (50)
3,749.74
Bearish
SMA (200)
3,551.34
Bearish

As of

Analyst Rating

Based on 26 analysts
HOLD46%

9 of 26 analysts rate Buy, 12 Hold, 5 Sell.

As of

BUY
9
35%
HOLD
12
46%
SELL
5
19%

Growth Rate

From the financial statements below. TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
TTM+13.22%

Net profit

Net profit growth by window
TTM+33.66%

Operating margin· change in pp

Operating margin growth by window
TTM−1.32 pp

Annual windows: The latest fiscal year is not twelve months long, so it does not compare with earlier years.

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹549 Cr −76.6% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk medium

Siemens Ltd trades at ₹3,387.20 as of 2026-11-03 with a market cap of ₹1,22,006.88 Cr, a P/E (TTM) of 36.83 and a near-zero debt-to-equity ratio of 0.02. The company has delivered strong long-term profit compounding of 30% over five years, though TTM profit growth has turned negative at -12%, and the stock sits about 18.4% below its 52-week high of ₹4,149.40.

Bull Case 8
  • Virtually debt-free balance sheet with a debt-to-equity ratio of just 0.02, providing significant financial flexibility and resilience across business cycles.
  • Strong long-term profit compounding at 30% CAGR over five years and 23% over three years, reflecting consistent execution in the capital goods space.
  • Healthy return ratios with ROE at 16.48% and ROCE at 20.33% as of 2026-11-03, indicating efficient capital deployment.
  • Revenue growth remains solid with compounded sales growth of 20% over five years and 13% on a TTM basis, suggesting sustained order-flow momentum.
  • Improvement in debtor days from 78.1 to 57.3 days signals better working capital management on the receivables side and faster cash conversion.
  • Stock price has compounded at 24% CAGR over five years and 22% over three years, demonstrating sustained long-term wealth creation.
  • Consistent dividend payout ratio of 19.1% maintained alongside reinvestment for growth, supported by the company's low-leverage profile.
  • 10-year ROE averaging 14% with the last year reaching 19% shows a structural improvement in profitability over time.
Bear Case 7
  • TTM profit growth has turned negative at -12%, a sharp reversal from the 23%-30% compounding seen over three and five years, raising questions about near-term earnings trajectory.
  • Valuation is stretched at a P/E (TTM) of 36.83 and a price-to-book ratio of 8.72, leaving limited room for earnings disappointment.
  • Earnings quality is a concern as other income of ₹2,177 Cr forms a material portion of reported profits, meaning core operating earnings may be lower than headline numbers suggest.
  • Working capital days have increased from 47.5 to 71.3 days, indicating deteriorating cash conversion efficiency despite the improvement in debtor days.
  • Dividend yield stands at only 0.53%, offering minimal income support at current price levels relative to the capital deployed.
  • The stock is trading at ₹3,387.20, approximately 18.4% below its 52-week high of ₹4,149.40, which may indicate weakening momentum or a re-rating of growth expectations.
  • 10-year compounded sales growth of only 9% suggests that the recent acceleration to 20% over five years may not be sustainable over a full cycle.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

5d ago

TL;DR: Limited news flow for Siemens Ltd in this period. The only development is a routine board-level change with Veronika Bienert replacing Matthias Rebellius as Special Director, which signals continuity in parent-company oversight rather than any strategic shift. No operational or financial headwinds or positives emerged. Watch for upcoming quarterly results and order inflow data for directional cues.

Neutral 1
  • Board reshuffle: Bienert replaces Rebellius Oct 1

    Siemens Limited announced the resignation of Special Director Matthias Rebellius and the appointment of Veronika Bienert as Special Director, effective October 1, 2026.

Quarterly Results

₹ Cr
SIEMENS quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
68.9
66
69
69
71
74
78
PBT
607
762
646
1,032
709
1,009
740
718
569
663
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 (₹)
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

₹ Cr
SIEMENS profit and loss, annual, ₹ crore
Particulars Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Mar 2026 18mTTM
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 (₹)
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

₹ Cr
SIEMENS balance sheet, annual, ₹ crore
Particulars Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Mar 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

₹ Cr
SIEMENS cash flow, annual, ₹ crore
Particulars Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Mar 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/EBITDA
675
81
85
131
52
127
102
124
81
89
121
21

Ratios

SIEMENS financial ratios, annual
Particulars Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Siemens insights

62 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.00%
  • DIIs 9.04%
  • Public 7.07%
  • FIIs 6.76%
  • Others 2.13%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Siemens

What does Siemens Ltd do?
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…
Where is Siemens Ltd (SIEMENS) listed?
Siemens Ltd trades as SIEMENS on the NSE and under code 500550 on the BSE.
Which sector does Siemens Ltd belong to?
Siemens Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the 52-week high and low of Siemens Ltd?
Over the last 52 weeks Siemens Ltd has traded between ₹2,826 and ₹4,149.4 as of 4 Nov 2026.
Does Siemens Ltd pay dividends?
Siemens Ltd has a dividend yield of 0.53%.
What is the Return on Equity (ROE) of Siemens Ltd?
Siemens Ltd reported a return on equity of 19.20%. Its debt-to-equity ratio is 0.02.

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.

Website siemens.co.in
CEO Mr. Sunil Dass Mathur B.Sc.
Employees 9,434
Listed 6 Sep 1995
Face Value ₹2

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