Capital GoodsElectrification & AutomationSubsystems

Siemens India

Automation, electrification, mobility. FY25 numbers reflect Siemens Energy demerger. Premium automation franchise at premium multiple.

Order book · Rail + grid + automation pipeline post-demerger

Sell / Avoid

₹3,614

Mkt cap ₹1.29 L Cr

P/E

78.7x

P/B

9.7x

ROCE

15.8%

ROE

11.8%

Div yield

0.00%

52W high

₹3,930

52W low

₹2,826

Promoter

75.0%

Score bridge (derived from real data)

Fundamental

Valuation

Technical

Moat (curated)

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position

₹2,826now ₹3,614₹3,930

71/100

Technical rating A

Price · 2 years · SMA 50/200 · as of 2026-07-20

Strong UpMACD BullishGolden cross

RSI-14

vs SMA-50

1.2%

vs SMA-200

10.6%

1Y return

17.6%

Ann. vol

30%

Max DD 1Y

-15%

Annual trend · sales, PAT, OPM

Quarterly run-rate

Peer set · Electrification & Automation

Company	Mkt cap	P/E	OPM	ROCE	Sales 3Y	PAT 3Y	D/E	Composite
CG Power	₹1.36 L Cr	110.0x	13%	27.0%	21.2%	7.6%	0.01x	57
ABB India	₹1.35 L Cr	88.4x	15%	29.9%	—	—	0.01x	67
Siemens India ◄	₹1.29 L Cr	78.7x	12%	15.8%	2.5%	10.9%	0.01x	55

Financial statements

Source: Screener.in

Sales 3Y CAGR

2.5%

PAT 3Y CAGR

10.9%

OPM (latest)

12.0%

PAT margin

12.1%

D / E

0.01x

CFO / PAT

0.18x

EV / EBITDA

64.2x

FCF yield

2.7%

Ratio history · computed per year

Ratio	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales growth YoY %	—	22.3%	21.2%	13.7%	-21.9%
PAT growth YoY %	—	41.7%	27.2%	38.5%	-22.5%
OPM %	11%	12%	13%	14%	12%
PAT margin %	8.3%	9.6%	10.0%	12.2%	12.1%
ROE % (PAT / net worth)	10.5%	13.3%	15.0%	17.7%	15.9%
D / E (x)	0.00	0.02	0.01	0.02	0.01
Asset turnover (x)	0.73	0.80	0.90	0.88	0.87
CFO / PAT (x)	1.31	0.63	0.71	0.61	0.18

Annual P&L · ₹ Cr

	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	13,198	16,138	19,554	22,240	17,364
Operating profit	1,452	1,860	2,487	3,104	2,007
OPM %	11%	12%	13%	14%	12%
Net profit	1,089	1,543	1,962	2,718	2,106
EPS ₹	30.57	43.33	55.07	76.29	59.09

Quarterly · ₹ Cr

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25
Sales	4,259	4,347	4,900	3,831
OPM %	11%	12%	12%	11%
PAT	582	423	485	278

Balance sheet · ₹ Cr

	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Equity	71	71	71	71	71
Reserves	10,276	11,539	13,016	15,286	13,156
Borrowings	4	182	175	279	145
Total assets	18,015	20,109	21,646	25,299	19,989

Cash flow · ₹ Cr

	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Operating	1,422	978	1,400	1,670	375
Investing	-2,389	-34	-759	-502	3,120
Financing	-502	-392	-450	-523	-3,186

Shareholding

Promoters

75.0%

FII

6.8%

DII

8.6%

Public

9.6%

Mkt cap

₹1.29 L Cr

P/E

78.7x

52W range

₹2,826–3,930