As of 6 Nov 2026, Siemens trades at 86.1× trailing earnings, above the industry P/E of 33.8×, and the shares are 14% below their 52-week high. Its ROCE of 16% is the second-lowest among the 7 largest Specialty Industrial Machinery peers, and sales and net profit grew 3.0% and 11% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. It has almost no debt, and its dividend yield is 0.5%. It is a large-cap company with a market cap of ₹1.3 lakh crore, ranked 3rd of 138 Specialty Industrial Machinery companies by market cap; the shares rose 10% over the past year.
- ₹3,400.00
- ₹3,560.00
- ₹3,305.20
- ₹3,432.00
- 8 L
Health check
- ReturnsIn line
+10.0% over a year, better than 4 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSlow
Sales +3.0%, profit +10.9% a year over 3 years.
- ProfitabilityWeak
ROCE 16.5% vs peer median 24.8%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Large cap
Defensive
Key metrics
- Market cap
- ₹1.3L Cr
- Large cap
- P/E
- 86.1
- Industry 33.8
- Price to book
- 9.16
- Peers 10.85
- Dividend yield
- 0.51%
- ROE
- 14.7%
- Peers 19.1%
- ROCE
- 16.5%
- Peers 24.8%
- Debt to equity
- 0.02
- Debt ₹307 Cr
- EPS (TTM)
- ₹41.33
- Face value ₹2
- OPM (TTM)
- 10.4%
- Net margin 19.0%
- Sales growth
- +8.4%
- Latest quarter vs a year ago
- Profit growth
- +406.7%
- Latest quarter vs a year ago
- Price to sales
- 7.29
- EV/EBITDA 67.8
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 406.7% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- P/E of 86.1 against an industry P/E of 33.8.
About Siemens
Siemens Limited, a technology company, industry, infrastructure, mobility, and healthcare business in India and internationally. It operates through Smart Infrastructure, Mobility, Digital Industries, and Others segments. The Smart Infrastructure supplies products, systems, solutions, and services for transmission and distribution of electrical energy for power utilities, industrial companies, and infrastructure segments. This segment offers systems for…
- Headquarters
- Mumbai
- Employees
- 6,346
- Sector
- Industrials
- ISIN
- INE003A01024
- Website
- siemens.com
Price range
- Avg volume (3M)
- 3 L
- 1-year return
- plus 10.0%
- From 52-week high
- minus 14.2%
Analyst consensus
Next results expected around 3 Feb 2027
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| JYOTICNCJyoti CNC Automation | 1,019.90 | minus 0.23% | 23,195 | 75.2 | 45.6 | 21.8% | 24.4% | 0.44 | 31.2% | plus 8.7% |
| Median of 7 peers | – | −0.23% | 1,02,879 | 50.6 | 45.6 | 24.8% | 19.1% | 0.02 | 16.1% | 8.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 4,347 | 5,171 | 3,831 | 4,618 | 4,714 | |
| 3,825 | 4,554 | 3,409 | 4,174 | 4,283 | |
| 521 | 617 | 422 | 444 | 431 | |
| 12.0% | 11.9% | 11.0% | 9.6% | 9.1% | |
| 119 | 122 | 84.3 | 100 | 117 | |
| 4.9 | 4.5 | 5.6 | 14.1 | 7.1 | |
| 71.1 | 71.7 | 71.4 | 73.8 | 78 | |
| 5.5 | – | −74.3 | – | – | |
| 570 | 663 | 355 | 456 | 463 | |
| 25.7% | 26.8% | 24.3% | 22.2% | 25.8% | |
| 423 | 485 | 277 | 370 | 2,143 | |
| 11.89 | – | 7.80 | 10.40 | 60.18 |
Profit & loss
- Sales CAGR 3Y
- +3.0%
- Profit CAGR 3Y
- +10.9%
- EPS CAGR 3Y
- +10.9%
- ROE
- 14.7%
| ₹ Cr | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|
| 15,874 | 19,279 | 14,938 | 17,364 | |
| – | +21.5% | minus 22.5% | +16.2% | |
| 13,887 | 16,830 | 12,811 | 15,343 | |
| 1,987 | 2,449 | 2,127 | 2,022 | |
| 12.5% | 12.7% | 14.2% | 11.6% | |
| 157 | 471 | 578 | 565 | |
| 35.8 | 22.8 | 43.1 | 15.1 | |
| 317 | 320 | 330 | 295 | |
| −79.1 | 62.9 | 288 | 5.5 | |
| 1,712 | 2,640 | 2,619 | 2,282 | |
| 26.3% | 25.7% | 25.1% | 26.0% | |
| 1,543 | 1,961 | 2,717 | 2,104 | |
| – | +27.1% | +38.5% | minus 22.5% | |
| 43.33 | 55.06 | 76.33 | 59.14 |
Forecast
Balance sheet
| ₹ Cr | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|
| 71.2 | 71.2 | 71.2 | 71.2 | |
| 11,539 | 13,016 | 15,286 | 13,156 | |
| 182 | 175 | 279 | 145 | |
| 8,317 | 8,507 | 9,643 | 6,616 | |
| 20,109 | 21,770 | 25,280 | 19,989 | |
| 1,300 | 1,263 | 1,545 | 1,136 | |
| 68.1 | 62.8 | 206 | 206 | |
| 0.6 | 7.3 | 1 | 36.4 | |
| 6,670 | 7,709 | 9,546 | 6,986 | |
| 12,070 | 12,728 | 13,981 | 11,625 | |
| 20,109 | 21,770 | 25,280 | 19,989 |
Cash flow
| ₹ Cr | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|
| 979 | 1,400 | 1,655 | 375 | |
| −35.3 | −759 | −505 | 3,121 | |
| −392 | −450 | −509 | −3,186 | |
| 551 | 191 | 641 | 310 | |
| −156 | −202 | −342 | −380 | |
| 823 | 1,198 | 1,312 | −5.7 | |
| −285 | −356 | −357 | −428 |
Shareholding pattern
- Promoters75.00%
- Public25.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 75.00% | 25.00% | 0.00 | |
| 30 Jun 2026 | 75.00% | 25.00% | 0.00 | |
| 31 Mar 2026 | 75.00% | 25.00% | 0.00 | |
| 31 Dec 2025 | 75.00% | 25.00% | 0.00 | |
| 30 Sep 2025 | 75.00% | 25.00% | – |
Major shareholders
Filings & events
News
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