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SIEMENS - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.7

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.7

Stock Code SIEMENS Market Cap 1,06,226 Cr. Current Price 2,982 ₹ High / Low 3,412 ₹
Stock P/E 66.1 Book Value 366 ₹ Dividend Yield 0.40 % ROCE 14.9 %
ROE 11.4 % Face Value 2.00 ₹ DMA 50 3,063 ₹ DMA 200 3,163 ₹
Chg in FII Hold -0.15 % Chg in DII Hold 0.31 % PAT Qtr 420 Cr. PAT Prev Qtr 369 Cr.
RSI 47.0 MACD -27.0 Volume 2,91,933 Avg Vol 1Wk 3,08,934
Low price 2,450 ₹ High price 3,412 ₹ PEG Ratio 32.4 Debt to equity 0.01
52w Index 55.3 % Qtr Profit Var -9.94 % EPS 56.9 ₹ Industry PE 35.4

📊 Core Financials

  • Quarterly PAT at 420 Cr vs 369 Cr previously, showing sequential growth but YoY decline (-9.94%).
  • ROE at 11.4% and ROCE at 14.9% reflect moderate capital efficiency.
  • Debt-to-equity ratio at 0.01 indicates a virtually debt-free balance sheet.
  • EPS at 56.9 ₹ provides a strong earnings base, though profit growth remains inconsistent.

💹 Valuation Indicators

  • P/E ratio: 66.1, significantly higher than industry average of 35.4, suggesting overvaluation.
  • P/B ratio: ~8.1 (2,982 ₹ / 366 ₹ book value), showing premium pricing.
  • PEG ratio: 32.4, very high, indicating poor growth-adjusted valuation.
  • Intrinsic value appears lower than current price, limited margin of safety.

🏢 Business Model & Competitive Advantage

  • Siemens India operates in industrial automation, electrification, and digitalization solutions.
  • Competitive advantage lies in global brand strength, advanced technology, and diversified industrial presence.
  • Exposure to infrastructure, energy, and automation demand provides long-term growth opportunities.

📈 Entry Zone & Long-Term Guidance

  • Entry zone: 2,800–2,950 ₹ range (near support levels and RSI at 47.0, neutral zone).
  • Long-term holding viable for investors seeking exposure to industrial automation and infrastructure growth.
  • Accumulation should be cautious due to stretched valuations and weak growth-adjusted metrics.

Positive

  • Debt-free balance sheet (Debt-to-equity 0.01).
  • Strong global brand and diversified industrial presence.
  • DII holdings increased (+0.31%), showing domestic institutional support.

Limitation

  • High P/E (66.1) compared to industry average (35.4).
  • PEG ratio at 32.4 highlights poor growth-adjusted valuation.
  • Dividend yield at 0.40% is modest.

Company Negative News

  • FII holdings decreased (-0.15%), showing reduced foreign investor confidence.
  • Stock trading below 50 DMA (3,063 ₹) and 200 DMA (3,163 ₹), reflecting bearish trend.

Company Positive News

  • Sequential PAT growth (420 Cr vs 369 Cr).
  • DII holdings increased, showing domestic support.

Industry

  • Industry PE at 35.4, much lower than Siemens’ 66.1, highlighting sector undervaluation relative to Siemens.
  • Industrial automation and infrastructure sector expected to grow steadily with digitalization and energy demand.

Conclusion

  • Siemens India is financially stable with strong brand presence and debt-free operations.
  • Valuations remain stretched, making accumulation near 2,800–2,950 ₹ more attractive.
  • Best suited for long-term investors seeking industrial automation exposure, but caution advised due to premium valuations and modest return metrics.

I can also extend this into a peer comparison with ABB India and Schneider Electric to highlight how Siemens stacks up in valuation and profitability. Would you like me to draft that next?

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