SIEMENSCapital Goods

Siemens Limited

Heavy Electrical Equipment · ISIN INE003A01024 · BSE 500550 · NSE EQ · FV ₹2
Last price
₹3,764
+0.57%today
What this company does

Siemens Limited operates in Heavy Electrical Equipment, part of the Capital Goods sector. It booked ₹4,714 cr of revenue in its latest quarter (Q1 FY27) and kept 45.5% of sales as profit. It is the largest of 9 Heavy Electrical Equipment companies we track, by market value.

Siemens AG is a leading technology company focused on industry, infrastructure, mobility, and healthcare.
In the report:
63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 77–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
37

At close. Not part of the score.

Profitability & returns72

How much profit it earns on the money it employs

Balance sheet88

How much it owes, and whether earnings cover the interest

Cash quality16

Whether reported profit actually arrives as cash

Growth & consistency88

Whether sales and profit have grown, and how steadily

Valuation12

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 45% net margin
Sales up 23% vs last year
Profit up 673% vs last year
Promoters hold 75%
No promoter shares pledged
Strong 62% return on equity
Virtually debt-free
Watch-outs
! Operating cash flow is negative

What if I invest in SIEMENS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3,764 +0.57%
latest close · 2026-09-17
1-year return
+70.2%
52-wk low ₹2,02152-wk high ₹4,149
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio97.6High
LowAverageHigh
P/B ratio60.45High
Below bookModerateHigh
EV / EBITDA381.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity61.9%Strong
WeakFairStrong ▸15%
Return on capital12.7%Fair
WeakFairStrong
Net margin45.5%Strong
ThinDecentStrong
EBITDA margin11.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover66.2×Strong
RiskyOkayStrong ▸5×
Current ratio2.57Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹8.37 L cr
Book value
₹62
EPS
₹9.64
latest quarter
Net debt
₹-1,694 cr
more cash than debt
Enterprise value
₹8.35 L cr
EBITDA
₹2,192 cr
annualised
EBIT
₹1,880 cr
annualised
Operating margin
10.0%
Return on assets
40.2%
Earnings yield
1.02%
P/S
44.37
Sales / share
₹84.8
Tax rate
25.8%
Face value
₹2
Shares
222.3 cr
Working capital
₹10,128 cr
Current assets
₹16,579 cr
Current liabilities
₹6,451 cr
Delivery %
44.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹65₹99, midpoint ₹82

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹4,714 cr
Other Income₹117 cr
Total Income₹4,831 cr
Cost of Materials₹2,075 cr
Purchases of Stock-in-Trade₹926 cr
Inventory Change (±)₹57 cr
Employee Benefit Expense₹462 cr
Finance Costs₹7 cr
Depreciation & Amortisation₹78 cr
Other Expenses₹762 cr
Total Expenses₹4,368 cr
Profit before Tax₹463 cr
Tax Expense₹119 cr
Net Profit₹2,143 cr
Net margin on total income44.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹3,059 cr46.1%
Employee benefit expense₹462 cr7.0%
Finance costs₹7 cr0.1%
Depreciation & amortisation₹78 cr1.2%
Other expenses₹762 cr11.5%
Tax expense₹119 cr1.8%
Profit for the period₹2,143 cr32.3%
Total income ₹4,831 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ2 FY26Q4 FY26Q1 FY27
Revenue5,171 cr4,618 cr4,714 cr
Total income5,294 cr4,718 cr4,831 cr
Expenses4,630 cr4,262 cr4,368 cr
Profit before tax663 cr456 cr463 cr
Tax178 cr101 cr119 cr
Net profit (owners' share)485 cr370 cr2,143 cr
Net margin (owners' share, on revenue)9.4%8.0%45.5%
EPS (₹)13.639.979.64
YoY (latest quarter): total income +23.4% · net profit +672.8%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹21,301 cr
Shareholder equity
₹13,840 cr
parent shareholders
Total debt
₹0 cr
Cash
₹1,694 cr
Cash flow · FY25
Operating
₹-70 cr
Investing
₹3,178 cr
Financing
₹-723 cr
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limitedthis company₹3,764₹8.37 L cr97.6
ABB India Limited₹7,131₹1.51 L cr102.1
Bharat Heavy Electricals Limited₹429₹1.49 L cr99.4
Hitachi Energy India Limited₹31,230₹1.39 L cr118.3
CG Power and Industrial Solutions Limited₹880₹1.39 L cr110.6
GE Vernova T&D India Limited₹4,341₹1.11 L cr76.5
Siemens Energy India Limited₹3,109₹1.11 L cr62.8
Suzlon Energy Limited₹43₹58,505 cr48.3
Thermax Limited₹3,570₹40,210 cr398.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.48%
trailing 12 months
Dividend / share (TTM)
₹18
Last dividend
₹18
ex 29 Jul 2026
ActionDetailEx-date
Dividend₹18 / share29 Jul 2026
Dividend₹12 / share30 Jan 2025
Dividend₹10 / share30 Jan 2024
Dividend₹10 / share31 Jan 2023
Dividend₹8 / share20 Jan 2022
Dividend₹7 / share27 Jan 2021
Who owns it · 2026-06-30
No pledge
Promoter
75.0%
FII / Foreign
6.5%
DII / Domestic
9.1%
Retail / others
9.4%
Smart-money activity
Insider trades
SoldSiemens Energy Holding B.V. · Promoters35.61 L · ₹1160.1 cr17 Dec 25
BoughtSiemens International Holding B.V. · Promoters35.61 L · ₹1160.1 cr17 Dec 25
BoughtSiemens International Holding B.V. · Promoters1.45 cr · ₹4702.0 cr16 Dec 25
Bulk / block deals
short · NSE69216 Sep 26
short · NSE1,20015 Sep 26
short · NSE17410 Sep 26
Stake changes
SoldSiemens Energy Finance B.V. · promoter→ 0.93% · 1.45 cr16 Dec 25
BoughtSiemens International Holding B.V. · promoter→ 51.77% · 1.45 cr16 Dec 25
BoughtSiemens Energy Holdco B.V. alongwith PAC · promoter→ 5.00% · 1.78 cr20 Dec 23
Promoter pledges
ReleasedDeutsche Bank Luxembourg S.A.1.78 cr · 4.99% held5 Jun 25
PledgedDeutsche bank Luxembourg S A Beneficiaries1.78 cr · 0.00% held22 Dec 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 11 Aug 2026
See the official result
1
consider and adopt: (a) the Audited Financial Statements of the Company for the eighteen months Financial Year ended March 31, 2026, together with the Reports of the Directors and the Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the eighteen months Financial Year ended March 31, 2026 and the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.91 cr votes for, 300 against · 0% of mutual funds and other big investors said no
2
To declare a dividend on Equity Shares for the eighteen months Financial Year 2024-26.
Backed by 100% of shareholders other than promotersneeded 50%
4.92 cr votes for, 406 against · 0% of mutual funds and other big investors said no
3
To resolve not to fill the vacancy caused by the retirement of Mr. Tim Holt (DIN: 08742663), who retires by rotation at this meeting, but does not seek re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
4.91 cr votes for, 963 against · 0% of mutual funds and other big investors said no
4
Appointment of Mr. Michael Peter (DIN: 11752222) as a Director of the Company
Backed by 96% of shareholders other than promotersneeded 50%
4.72 cr votes for, 19.97 L against · 4% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 75.0% between them · as of 2026-06-30
Siemens International Holding B.V.53.70%
Siemens Aktiengesellschaft, Germany18.00%
Siemens Metals Technologies Vermogensverwaltungs GmbH3.30%
Siemens Energy Holdco B.V.no shares
Siemens Energy Holding B.V.no shares
Business done with them
FY2025 · 4 of the group
The company paid ₹203 cr to companies in the promoter group last year — about 0.9% of its ₹22,240 cr revenue.
Siemens International Holding B.V.
Other payments to them · Refer Below
also owns 53.70% of the company
₹170 cr
company paid
Siemens Energy Holdco B.V.
Other payments to them · Refer Below
₹18 cr
company paid
Siemens Metals Technologies Vermögensverwaltungs GmbH
Other payments to them · Refer Below
also owns 3.30% of the company
₹12 cr
company paid
Siemens Energy Holding B.V.
Other payments to them · Refer Below
₹4 cr
company paid

The company also transacted with 33 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.