Siemens Limited (SIEMENS)

Capital Goods · Electrical Equipment · NSE · Updated 15 July 2026

₹3,510.3 ↑ 11.55% (1Y)

🎯 Key Takeaways

Siemens Limited is transitioning into a focused industrial technology player post-Energy demerger, with strategic divestments and leadership changes shaping its next phase. The company is prioritizing capital allocation through dividends and restructuring, signaling a mature but actively managed evolution rather than pure growth or distress.
Revenue declined 44.5% QoQ to ₹3,587 in Q3FY25.
⚠️ 1) Revenue volatility from ongoing portfolio simplification, including the completed Low Voltage Motors sale and Energy demerger, may persist in the n

Market Cap

₹1.28 L Cr

P/E Ratio

45.2

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Siemens Limited is transitioning into a focused industrial technology player post-Energy demerger, with strategic divestments and leadership changes shaping its next phase. The company is prioritizing capital allocation through dividends and restructuring, signaling a mature but actively managed evolution rather than pure growth or distress.

📰 What's Happening

The board approved a ₹18/share dividend (900% payout) for FY2026 and greenlit the amalgamation of Siemens Rail Automation, while finalizing the INR 22 billion slump sale of its Low Voltage Motors business to Innomotics India. Leadership updates include Tim Holt's retirement, Matthias Rebellius' resignation effective September 2026, and proposed appointments of Veronika Bienert and Michael Peter. The Energy business demerger was completed on March 25, 2025, streamlining operations. Shareholders must submit tax documents by July 29, 2026, to secure dividend receipt and avoid higher TDS rates.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	4,858	4,873	5,808	4,825	5,750	5,204	6,461	3,587
Operating Profit	738	699	846	760	1,199	848	1,221	573
OPM %	12.8%	11.6%	12.1%	12.3%	15.3%	13.3%	14.5%	11.2%
Net Profit	472	456	572	506	803	578	831	615
EPS	₹13.26	₹12.80	₹16.05	₹14.21	₹22.55	₹16.24	₹23.35	₹17.26

Quarterly revenue peaked in Q2FY25 at ₹6,461 million but declined to ₹3,587 million in Q3FY25, reflecting the impact of the Energy demerger and divestment of the Low Voltage Motors business. Operating profit margin contracted from 15.3% in Q4FY24 to 11.2% in Q3FY25, aligning with structural simplification efforts. Despite lower volumes, net profit remained resilient at ₹615 million in Q3FY25, supported by cost discipline and one-time gains. The company reported a profit before tax of ₹3,910 million and retained earnings of ₹37,846 million post-demerger, indicating strong cash generation despite revenue volatility.

🔮 Management Outlook & What's Next

Management signaled confidence in shareholder returns with a proposed ₹18/share dividend and confirmed the strategic importance of Rail Automation amalgamation, though no forward guidance on growth or margins was provided in recent filings. The focus remains on operational efficiency and capital efficiency post-restructuring, with no explicit commentary on top-line recovery or new investment plans beyond the announced amalgamation and divestment.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Electrical Equipment

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Hitachi Energy India Limited	1.45 L Cr	172.4	—	—	—
Bharat Heavy Electricals Limited	1.39 L Cr	267.3	—	—	—
ABB India Limited	1.35 L Cr	48.8	—	—	—
CG Power and Industrial Solutions Limited	1.32 L Cr	136.7	—	—	—
Siemens Limited	1.28 L Cr	45.2	—	—	—
GE Vernova T&D India Limited	1.11 L Cr	104.1	—	—	—
Siemens Energy India Limited	1.10 L Cr	83.9	—	—	—
Waaree Energies Limited	86,928	22.4	—	—	—
Suzlon Energy Limited	73,843	64.1	—	—	—
Thermax Limited	53,625	81.9	—	—	—

🔗 Peer Stock Analyses

POWERINDIA BHEL ABB CGPOWER GVT&D

⚠️ Risk Factors

1) Revenue volatility from ongoing portfolio simplification, including the completed Low Voltage Motors sale and Energy demerger, may persist in the near term. 2) Margin pressure in core segments like Smart Infrastructure (OPM declined to 11.2% in Q3FY25) could challenge cash flow sustainability if market conditions soften. 3) Leadership transitions, including key director appointments effective October 2026, may introduce execution risks in strategic continuity. 4) Regulatory and integration risks related to the Rail Automation amalgamation remain unquantified but could impact timelines and costs.

📋 Recent Filings

🧠 Analyst's Read

Siemens is executing a deliberate transformation to sharpen its industrial technology focus, with financial discipline and shareholder returns remaining priorities. Investors should monitor the pace of integration in Smart Infrastructure and the success of the Rail Automation amalgamation in driving future growth, as near-term revenue normalization is expected post-restructuring.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

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