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Siemens Limited (SIEMENS)

Capital Goods · Electrical Equipment · NSE · Updated 16 June 2026

₹3,601.8 ↑ 10.1% (1Y)

🎯 Key Takeaways

Siemens Limited is undergoing a strategic restructuring phase marked by the divestment of non-core industrial motor businesses and the consolidation of its rail automation operations. The company has completed the sale of its Low Voltage Motors business and is pursuing the amalgamation of Siemens Rail Automation into its parent entity, signaling a focus on core infrastructure and technology segments.
Revenue declined 44.5% QoQ to ₹3,587 in Q3FY25.
⚠️ Execution risk in the Rail Automation amalgamation, which requires approval from the National Company Law Tribunal (NCLT) and other regulators, with 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 undergoing a strategic restructuring phase marked by the divestment of non-core industrial motor businesses and the consolidation of its rail automation operations. The company has completed the sale of its Low Voltage Motors business and is pursuing the amalgamation of Siemens Rail Automation into its parent entity, signaling a focus on core infrastructure and technology segments. These moves reflect a deliberate shift toward higher-margin, technology-driven businesses while streamlining corporate structure.

📰 What's Happening

The company finalized the INR 22 billion slump sale of its Low Voltage Motors and Geared Motors business to Innomotics India Private Limited on June 1, 2026, as part of a previously disclosed transaction from December 2025. This divestment enhances strategic focus on core operations but reduces revenue exposure from industrial motor segments. Concurrently, the board approved the merger of Siemens Rail Automation Private Limited into the parent company to eliminate redundant compliance costs and improve capital efficiency. Additionally, regulatory approval was granted to transition the financial year-end from October 30 to March 31, effective April 1, 2027, aligning with a global April-March cycle for improved reporting consistency.

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

Financial performance over the last eight quarters reveals a clear downward trend in revenue and profitability, with Q3FY25 revenue declining to ₹3,587 million from ₹6,461 million in Q2FY25, and operating profit dropping to ₹573 million from ₹1,221 million. Operating margins have compressed from a peak of 15.3% in Q4FY24 to 11.2% in Q3FY25, while net profit and EPS have also trended lower. This decline is consistent with the impact of the Energy business demerger and the ongoing divestment of the Low Voltage Motors segment, which were previously contributing to top-line growth. The financial trajectory reflects a transitional phase where short-term revenue pressures are offset by strategic realignment toward higher-growth infrastructure and technology domains.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue or margin expectations in the latest filings, though the board has emphasized operational streamlining and capital efficiency as key objectives. The proposed merger of Siemens Rail Automation and the completion of the Low Voltage Motors sale are framed as steps to enhance focus and reduce administrative overhead. No specific growth targets or timelines were outlined in the recent disclosures, leaving future performance contingent on execution of the restructured portfolio and macro-industrial demand trends.

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. Execution risk in the Rail Automation amalgamation, which requires approval from the National Company Law Tribunal (NCLT) and other regulators, with no guarantee of timely clearance. 2. Revenue contraction in industrial motor segments due to the completed divestment, with no immediate offsetting growth drivers disclosed to replace this exposure. 3. Margin compression observed in recent quarters, which may persist if cost optimization fails to keep pace with revenue decline. 4. Timing misalignment in financial reporting due to the change in financial year cycle, potentially affecting comparability and investor sentiment during the transition period.

📋 Recent Filings

🧠 Analyst's Read

Siemens Limited is in a pivotal restructuring phase, shedding legacy industrial businesses to sharpen focus on infrastructure and technology, but near-term financial pressures are evident from declining revenue and margins. Investors should monitor the successful closure of the Rail Automation merger and the pace of recovery in core segments post-divestment, as these will determine the long-term viability of the new strategic direction.

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

✨ Deep Dive with AI on SIEMENS

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-06-16.