Siemens Ltd
NSE: SIEMENS · Heavy Electrical Equipment · sector
₹3,278.80NSE close 2026-10-26
Key numbers
Market cap₹1,16,725 cr
Price₹3,278.80
52w high / low₹4,149 / ₹2,826
P/E35.6xSector median 27.8x
P/B8.4xSector median 5.4x
Book value₹388.8
Dividend yield0.37%Sector median 0.19%
ROE25.0%Sector median 18.8%
ROCE14.2%Sector median 21.4%
OPM10.0%Sector median 15.1%
Debt / equity0.00xSector median 0.09x
EV/EBITDA60.4xSector median 21.4x
Interest cover62.9x
Current ratio2.57x
Sales growth 3y+41.0%Sector median +22.1%
Profit growth 3y+43.4%Sector median +27.5%
PEG0.82x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 43 companies in Heavy Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹5,612 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 62.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- Debtor days went from 186 (FY24) to 57 (FY26).
- Dividend paid in 4 of the last 5 financial years.
- Price ₹3,278.80 on 2026-10-26: -21.0% from the 52-week high, +16.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹7,916.25 · low ₹2,715.85
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,461 | 3,587 | 4,259 | 4,347 | 5,171 | 3,831 | 4,618 | 4,714 |
| EBITDA | 938 | 401 | 468 | 521 | 617 | 348 | 444 | 431 |
| OPM % | 14.5% | 11.2% | 11.0% | 12.0% | 11.9% | 9.1% | 9.6% | 9.1% |
| Other income | 283 | 172 | 152 | 124 | 122 | 84 | 100 | 117 |
| Net profit | 831 | 614 | 582 | 423 | 485 | 277 | 370 | 2,143 |
| EPS (₹) | 23.35 | 17.26 | 16.36 | 11.89 | 13.63 | 7.80 | 10.40 | 60.18 |
| Revenue YoY | -20.0% | +6.8% | +8.4% | +8.4% | ||||
| Profit YoY | -41.6% | -54.9% | -36.4% | +406.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 7,506 | 8,873 | 10,575 | 7,846 | 24,846 | 18,333 |
| EBITDA | 848 | 1,220 | 1,474 | 868 | 2,750 | 1,840 |
| Net profit | 590 | 934 | 1,308 | 1,196 | 2,752 | 3,275 |
| EPS (₹) | 16.57 | 26.25 | 36.76 | 33.62 | 77.34 | 92.01 |
| Revenue growth | +18.2% | +19.2% | -25.8% | +216.7% | -1.7% | |
| Profit growth | +58.3% | +40.0% | -8.5% | +130.0% | +33.7% | |
| Dividend / share (₹) | 8.00 | 10.00 | 10.00 | 12.00 | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +40.9% | +31.1% | -1.7% |
| Net profit | +43.4% | +34.3% | +33.7% |
| EPS | +43.4% | +34.3% | – |
| Share price | – | -4.4% (2y) | +10.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 12,076 | 13,916 | 12,326 | 13,840 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 6,054 | 7,652 | 6,093 | 5,612 |
| Total assets | – | 20,612 | 23,182 | 21,947 | 21,301 |
| Fixed assets | – | 1,232 | 1,211 | 904 | 1,108 |
| Capital work in progress | – | 51 | 40 | 58 | 249 |
| Investments | – | 0 | 0 | 1 | 1 |
| Receivables | – | 4,400 | 5,381 | 3,524 | 3,902 |
| Inventory | – | 2,727 | 2,821 | 2,094 | 2,589 |
| Payables | – | 4,159 | 4,671 | 3,799 | 4,073 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 19 | 1 | 188 | -70 | -535 |
| Cash from investing | 593 | 932 | 761 | 3,178 | 3,688 |
| Cash from financing | -338 | -399 | -419 | -723 | -3,302 |
| Capex | 75 | 72 | 79 | 190 | 552 |
| Free cash flow | -55 | -72 | 109 | -260 | -1,088 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.7% | 9.4% | 9.7% | 19.9% |
| ROCE % | – | 10.6% | 12.9% | 8.6% | 22.3% |
| Debtor days | – | 181 | 186 | 164 | 57 |
| Inventory days | – | 223 | 206 | 193 | 60 |
| Payable days | – | 341 | 342 | 350 | 94 |
| Cash conversion cycle (days) | – | 63 | 50 | 7 | 23 |
| Working capital days | – | 315 | 333 | 372 | 149 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 75.00% |
| FIIs | 6.76% |
| DIIs | 9.04% |
| of which Mutual funds | 3.58% |
| of which Insurance | 3.70% |
| Government | 0.00% |
| Public (non-institutions) | 9.20% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| Promoter group | % |
|---|---|
| Siemens International Holding B.V. | 53.70% |
| Siemens Aktiengesellschaft, Germany | 18.00% |
| Siemens Metals Technologies Vermogensverwaltungs GmbH | 3.30% |
| Siemens Energy Holdco B.V. | 0.00% |
| Siemens Energy Holding B.V. | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 2.75% |
| Nps Trust- A/C Lic Pension Fund Scheme | 1.66% |
2,47,100 shareholders. Pledged: 0.00% of promoter shares.
Peers in Heavy Electrical Equipment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BHEL | ₹1,37,384 cr | 47.7x | 5.1x | 11.2% | 13.5% | 10.1% | +13.1% | 0.12% |
| ABB | ₹1,34,715 cr | 45.1x | 14.4x | 36.1% | 22.4% | 14.0% | – | – |
| CGPOWER | ₹1,31,237 cr | 104.9x | 16.5x | 16.5% | 21.3% | 12.5% | +30.7% | 0.16% |
| POWERINDIA | ₹1,19,751 cr | 104.0x | 23.1x | 24.5% | 29.9% | 14.9% | +22.2% | 0.02% |
| SIEMENS | ₹1,16,725 cr | 35.6x | 8.4x | 25.0% | 14.2% | 10.0% | +41.0% | 0.37% |
| ENRIN | ₹98,074 cr | 65.9x | 20.4x | 34.3% | 42.0% | 20.9% | – | 0.14% |
| GVT&D | ₹97,043 cr | 74.3x | 36.1x | 58.5% | 65.5% | 25.2% | +30.8% | 0.13% |
| SUZLON | ₹51,051 cr | 16.3x | 5.4x | 40.4% | 29.2% | 17.7% | +41.0% | – |
| THERMAX | ₹35,902 cr | 60.5x | 6.5x | 11.3% | 12.5% | 8.6% | +9.8% | 0.44% |
| SCHNEIDER | ₹27,190 cr | 147.9x | 35.1x | 27.5% | 25.3% | 11.0% | +17.6% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Smart Infrastructure | ₹14,040 cr | 48.0% | ₹1,848 cr | 13.2% |
| Digital Industries | ₹5,872 cr | 20.1% | ₹304 cr | 5.2% |
| Mobility | ₹4,978 cr | 17.0% | ₹344 cr | 6.9% |
| Energy - Discontinued operations | ₹2,575 cr | 8.8% | ₹558 cr | 21.7% |
| Low Voltage Motors - Discontinued operations | ₹1,531 cr | 5.2% | ₹72 cr | 4.7% |
| Others | ₹278 cr | 1.0% | ₹22 cr | 7.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-29 | Dividend | Dividend - Rs 18 Per Share |
| 2025-04-07 | Restructuring | Demerger |
| 2025-01-30 | Dividend | Dividend - Rs 12 Per Share |
| 2024-01-30 | Dividend | Dividend - Rs 10 Per Share |
| 2023-01-31 | Dividend | Dividend - Rs 10 Per Share |
| 2022-01-20 | Dividend | Dividend - Rs 8 Per Share |
| 2021-01-27 | Dividend | Dividend - Rs 7 Per Share |
| 2020-02-03 | Dividend | Dividend - Rs 7 Per Share |
| 2019-01-28 | Dividend | Dividend- Rs 7/- Per Share |
| 2018-01-25 | Dividend | Dividend- Rs 7/- Per Share |
| 2017-01-31 | Dividend | Dividend - Rs 6/- Per Share |
| 2016-08-12 | Dividend | Interim Dividend - Rs 27.50/- Per Share |
| 2016-01-21 | Dividend | Final Dividend Rs 6/- Plus Special Dividend Rs 4/- Per Share |
| 2015-01-14 | Dividend | Annual General Meeting/Final Dividend - Rs 6/- Per Share |
| 2014-01-15 | Dividend | Annual General Meeting / Dividend - Rs 5/- Per Share |
| 2013-01-16 | Dividend | Annual General Meeting / Dividend Rs. 6/- Per Share |
| 2012-01-16 | Dividend | Dividend - Rs.6/- Per Share |
| 2011-01-18 | Dividend | Dividend-Rs.5/- Per Share |
| 2010-01-19 | Dividend | Dividend-Rs.5/- Per Share |
| 2009-01-14 | Dividend | Agm/Dividend - 150% |
Documents
- Annual report FY26
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacture of Electrical equipment, General Purpose and Special Purpose Machinery & Equipment, Transport Equipment
| Sector | Industrials |
| Industry | Heavy Electrical Equipment |
| Sub-industry | Heavy Electrical Equipment |
| Symbol | SIEMENS |
| BSE code | 500550 |
| ISIN | INE003A01024 |
| Face value | ₹2.0 |
| Incorporated | 1957-03-02 |
| Website | www.siemens.com |
| Plants (India / abroad) | 9 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.