Siemens Ltd.
•2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Smart Infrastructure: 43.2% • Digital Factory: 22.0% • Mobility: 18.1% • Energy - Discontinued Operations: 9.8% • Low Voltage Motors - Discontinued Operations: 5.8% • Others: 1.0%
PROS
- Company is almost debt free
- Company has been maintaining a healthy dividend payout of 30.9%
- Working capital cycle has improved - days down from 292 to 156
CONS
- Operating cash flow has been negative in recent years
- Recent results are weak - TTM profit is down 37.5% versus prior year
- A large part of profit comes from other income (32.9% of PBT)
- Stock is trading at 7.7x its book value
- Rich enterprise valuation - EV/EBITDA of 32.0x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ABB | 7400.00 | 52.48 | 156812.20 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| 2. | POWERINDIA | 33550.00 | 0.00 | 149540.28 | 0.02 | 294.15 | 123.52 | 2493.69 | 74.46 | 28.73 | 14.58 |
| 3. | SIEMENS | 3880.10 | 42.19 | 138178.32 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| 4. | CGPOWER | 862.90 | 108.75 | 135945.59 | 0.15 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| 5. | ENRIN | 3483.60 | 0.00 | 124058.14 | 0.11 | 4409.00 | 1578.34 | 24856.00 | 1292.81 | 40.19 | 23.56 |
| 6. | GVT&D | 4119.00 | 564.77 | 105465.57 | 0.24 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| 7. | HAVELLS | 1278.00 | 49.11 | 80202.38 | 0.78 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| 8. | WAAREEENER | 2688.00 | 20.26 | 77320.68 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 34.71 | 18.15 |
| 9. | APARINDS | 16607.65 | 58.86 | 69540.11 | 0.36 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 33.47 | 11.50 |
| 10. | SUZLON | 46.78 | 20.45 | 64302.09 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| 11. | SCHNEIDER | 1254.75 | 0.00 | 30001.58 | 0.00 | 124.40 | 201.65 | 6513.60 | 947.83 | 31.01 | 5.23 |
| 12. | TDPOWERSYS | 1545.45 | 87.80 | 24144.32 | 0.14 | 86.29 | 72.33 | 640.05 | 72.10 | 34.01 | 19.00 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,407 | 5,297 | 3,320 | 3,716 | 3,328 | 3,974 | 2,948 | 3,579 | 3,868 | 4,634 | 3,398 | 4,109 | 4,195 | |
| 3,968 | 4,750 | 2,940 | 3,169 | 2,925 | 3,521 | 2,649 | 3,215 | 3,440 | 4,113 | 3,123 | 3,752 | 3,866 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 126 | 139 | 153 | 460 | 150 | 225 | 163 | 279 | 114 | 101 | 98 | 91 | 105 |
| Interest | 3 | 4 | 2 | 16 | 4 | 18 | 3 | 2 | 2 | 3 | 5 | 11 | 6 |
| Depreciation | 64 | 54 | 36 | 38 | 45 | 37 | 40 | 40 | 43 | 44 | 43 | 45 | 48 |
| 564 | 712 | 495 | 953 | 504 | 624 | 419 | 601 | 497 | 574 | 262 | 391 | 434 | |
| Tax % | 24.89% | 24.97% | 25.38% | 22.11% | 22.71% | 25.32% | 25.78% | 19.52% | 25.75% | 26.94% | 23.85% | 24.25% | 25.74% |
| Net Profit | 424 | 534 | 369 | 743 | 389 | 466 | 311 | 484 | 369 | 420 | 200 | 296 | 212 |
| 12 | 15 | 10 | 21 | 11 | 13 | 9 | 14 | 10 | 12 | 6 | 8 | 6 | |
| Equity Capital | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 4,407
- 3,968
- Operating Profit
- —
- OPM %
- —
- Other Income
- 126
- Interest
- 3
- Depreciation
- 64
- 564
- Tax %
- 24.89%
- Net Profit
- 424
- 12
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,297
- 4,750
- Operating Profit
- —
- OPM %
- —
- Other Income
- 139
- Interest
- 4
- Depreciation
- 54
- 712
- Tax %
- 24.97%
- Net Profit
- 534
- 15
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,320
- 2,940
- Operating Profit
- —
- OPM %
- —
- Other Income
- 153
- Interest
- 2
- Depreciation
- 36
- 495
- Tax %
- 25.38%
- Net Profit
- 369
- 10
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,716
- 3,169
- Operating Profit
- —
- OPM %
- —
- Other Income
- 460
- Interest
- 16
- Depreciation
- 38
- 953
- Tax %
- 22.11%
- Net Profit
- 743
- 21
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,328
- 2,925
- Operating Profit
- —
- OPM %
- —
- Other Income
- 150
- Interest
- 4
- Depreciation
- 45
- 504
- Tax %
- 22.71%
- Net Profit
- 389
- 11
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,974
- 3,521
- Operating Profit
- —
- OPM %
- —
- Other Income
- 225
- Interest
- 18
- Depreciation
- 37
- 624
- Tax %
- 25.32%
- Net Profit
- 466
- 13
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,948
- 2,649
- Operating Profit
- —
- OPM %
- —
- Other Income
- 163
- Interest
- 3
- Depreciation
- 40
- 419
- Tax %
- 25.78%
- Net Profit
- 311
- 9
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,579
- 3,215
- Operating Profit
- —
- OPM %
- —
- Other Income
- 279
- Interest
- 2
- Depreciation
- 40
- 601
- Tax %
- 19.52%
- Net Profit
- 484
- 14
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,868
- 3,440
- Operating Profit
- —
- OPM %
- —
- Other Income
- 114
- Interest
- 2
- Depreciation
- 43
- 497
- Tax %
- 25.75%
- Net Profit
- 369
- 10
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,634
- 4,113
- Operating Profit
- —
- OPM %
- —
- Other Income
- 101
- Interest
- 3
- Depreciation
- 44
- 574
- Tax %
- 26.94%
- Net Profit
- 420
- 12
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,398
- 3,123
- Operating Profit
- —
- OPM %
- —
- Other Income
- 98
- Interest
- 5
- Depreciation
- 43
- 262
- Tax %
- 23.85%
- Net Profit
- 200
- 6
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,109
- 3,752
- Operating Profit
- —
- OPM %
- —
- Other Income
- 91
- Interest
- 11
- Depreciation
- 45
- 391
- Tax %
- 24.25%
- Net Profit
- 296
- 8
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,195
- 3,866
- Operating Profit
- —
- OPM %
- —
- Other Income
- 105
- Interest
- 6
- Depreciation
- 48
- 434
- Tax %
- 25.74%
- Net Profit
- 212
- 6
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 71
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2024 | Mar 2026 | TTM | |
|---|---|---|---|
| 13,403 | 22,025 | 16,336 | |
| 11,709 | 19,815 | 14,854 | |
| Operating Profit | 2,709 | 3,112 | — |
| OPM % | 20 | 14 | — |
| Other Income | 1,015 | 902 | 394 |
| Interest | 65 | 62 | 25 |
| Depreciation | 147 | 250 | 180 |
| 2,497 | 2,738 | 1,662 | |
| Tax % | 24 | 24 | 26 |
| Net Profit | 1,909 | 2,074 | 1,238 |
| EPS | 54 | 58 | — |
| Dividend Payout % | 22 | 31 | — |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 54 | 58 | — |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 54 | 58 | — |
- 13,403
- 11,709
- Operating Profit
- 2,709
- OPM %
- 20
- Other Income
- 1,015
- Interest
- 65
- Depreciation
- 147
- 2,497
- Tax %
- 24
- Net Profit
- 1,909
- EPS
- 54
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 54
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 54
- 22,025
- 19,815
- Operating Profit
- 3,112
- OPM %
- 14
- Other Income
- 902
- Interest
- 62
- Depreciation
- 250
- 2,738
- Tax %
- 24
- Net Profit
- 2,074
- EPS
- 58
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 58
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 58
- 16,336
- 14,854
- Operating Profit
- —
- OPM %
- —
- Other Income
- 394
- Interest
- 25
- Depreciation
- 180
- 1,662
- Tax %
- 26
- Net Profit
- 1,238
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 12%
- 5 Years:
- 12%
- 3 Years:
- 2%
- 1 Year:
- 23%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- Last Year:
- 14%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2024 | Mar 2026 | |
|---|---|---|
| LIABILITIES | - | - |
| Equity Capital | 71 | 71 |
| 15,176 | 13,454 | |
| Trade Payables | 4,442 | 3,660 |
| 13,146 | 11,905 | |
| Total Liabilities | 32,835 | 29,091 |
| ASSETS | - | - |
| 1,100 | 820 | |
| Capital Work in Progress | 99 | 239 |
| 2,220 | 2,220 | |
| 2,370 | 2,209 | |
| 3,997 | 3,435 | |
| Cash & Bank | 9,033 | 4,826 |
| 14,017 | 15,341 | |
| Total Assets | 32,835 | 29,091 |
| Total Debt | 0 | 0 |
| Net Working Capital | 10,737 | 9,389 |
| Contingent Liabilities | 1,366 | 1,495 |
| Book Value per Share | 428.29 | 379.93 |
| Face Value | 2.00 | 2.00 |
| Total Debt | 0 | 0 |
| Net Working Capital | 10,737 | 9,389 |
| Contingent Liabilities | 1,366 | 1,495 |
| Book Value per Share | 428.29 | 379.93 |
| Face Value | 2.00 | 2.00 |
- Equity Capital
- 71
- 15,176
- Trade Payables
- 4,442
- 13,146
- Total Liabilities
- 32,835
- 1,100
- Capital Work in Progress
- 99
- 2,220
- 2,370
- 3,997
- Cash & Bank
- 9,033
- 14,017
- Total Assets
- 32,835
- Total Debt
- 0
- Net Working Capital
- 10,737
- Contingent Liabilities
- 1,366
- Book Value per Share
- 428.29
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 10,737
- Contingent Liabilities
- 1,366
- Book Value per Share
- 428.29
- Face Value
- 2.00
- Equity Capital
- 71
- 13,454
- Trade Payables
- 3,660
- 11,905
- Total Liabilities
- 29,091
- 820
- Capital Work in Progress
- 239
- 2,220
- 2,209
- 3,435
- Cash & Bank
- 4,826
- 15,341
- Total Assets
- 29,091
- Total Debt
- 0
- Net Working Capital
- 9,389
- Contingent Liabilities
- 1,495
- Book Value per Share
- 379.93
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 9,389
- Contingent Liabilities
- 1,495
- Book Value per Share
- 379.93
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2024 | Mar 2026 | |
|---|---|---|
| 1,398 | -971 | |
| Cash from Investing | -391 | 4,045 |
| Cash from Financing | -497 | -3,274 |
| 510 | -199 | |
| Free Cash Flow | 1,398 | -971 |
| OCF / Net Profit | 0.73 | -0.47 |
| Cumulative 5-Year FCF | 0 | 0 |
| OCF / Net Profit | 0.73 | -0.47 |
| Cumulative 5-Year FCF | 0 | 0 |
- 1,398
- Cash from Investing
- -391
- Cash from Financing
- -497
- 510
- Free Cash Flow
- 1,398
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
- -971
- Cash from Investing
- 4,045
- Cash from Financing
- -3,274
- -199
- Free Cash Flow
- -971
- OCF / Net Profit
- -0.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.47
- Cumulative 5-Year FCF
- 0
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2024 | Mar 2026 | |
|---|---|---|
| PER SHARE | - | - |
| EPS (₹) | 53.61 | 58.26 |
| Book Value (₹) | 428.29 | 379.93 |
| Dividend per Share (₹) | 12.00 | 18.00 |
| Cash EPS (₹) | 57.74 | 65.27 |
| PROFITABILITY | - | - |
| Operating Margin % | 12.64% | 10.03% |
| Net Margin % | 14.24% | 9.42% |
| ROE % | 13.50% | 14.42% |
| ROCE % | 18.13% | 19.46% |
| 6.20% | 6.70% | |
| EFFICIENCY | - | - |
| Debtor Days | 102 | 62 |
| Inventory Days | 63 | 38 |
| Payable Days | 177 | 103 |
| -12 | -4 | |
| FINANCIAL HEALTH | - | - |
| Debt to Equity (x) | 0.00x | 0.00x |
| Interest Coverage (x) | 39.54x | 45.30x |
| 2.08x | 2.43x | |
| GROWTH | - | - |
| Revenue Growth % | -25.40% | 64.34% |
| Operating Profit Growth % | -4.14% | 14.86% |
| Net Profit Growth % | -0.14% | 8.66% |
| -0.14% | 8.66% | |
| VALUATION | - | - |
| P/E (x) | 135.14x | 50.36x |
| P/B (x) | 16.92x | 7.72x |
| Dividend Yield % | 0.17% | 0.61% |
| 91.87x | 32.01x |
- EPS (₹)
- 53.61
- Book Value (₹)
- 428.29
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 57.74
- Operating Margin %
- 12.64%
- Net Margin %
- 14.24%
- ROE %
- 13.50%
- ROCE %
- 18.13%
- 6.20%
- Debtor Days
- 102
- Inventory Days
- 63
- Payable Days
- 177
- -12
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 39.54x
- 2.08x
- Revenue Growth %
- -25.40%
- Operating Profit Growth %
- -4.14%
- Net Profit Growth %
- -0.14%
- -0.14%
- P/E (x)
- 135.14x
- P/B (x)
- 16.92x
- Dividend Yield %
- 0.17%
- 91.87x
- EPS (₹)
- 58.26
- Book Value (₹)
- 379.93
- Dividend per Share (₹)
- 18.00
- Cash EPS (₹)
- 65.27
- Operating Margin %
- 10.03%
- Net Margin %
- 9.42%
- ROE %
- 14.42%
- ROCE %
- 19.46%
- 6.70%
- Debtor Days
- 62
- Inventory Days
- 38
- Payable Days
- 103
- -4
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 45.30x
- 2.43x
- Revenue Growth %
- 64.34%
- Operating Profit Growth %
- 14.86%
- Net Profit Growth %
- 8.66%
- 8.66%
- P/E (x)
- 50.36x
- P/B (x)
- 7.72x
- Dividend Yield %
- 0.61%
- 32.01x
Documents
Announcements
- Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-20 - Siemens Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Copy of Newspaper Publication
2026-08-13 - Siemens Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Jun 2026
Dec 2025
May 2025

