SIEMENS
Siemens Limited
The Indian arm of Germany's Siemens — automation, electrification and rail technology
Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment
siemens.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹3624.00
Market cap
1,29,014 Cr
Stock P/E
39.4
P/B
9.32
Dividend yield
0.3%
ROE (FY26)
19.9%
ROCE (FY26)
26.8%
Operating margin (FY26)
9.7%
Debt / equity (FY26)
0.00
OCF / EBITDA (FY26)
-19.0%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Siemens sells automation, electrification and rail technology to industrial, infrastructure and railway customers in India, as the Indian listed arm of the global Siemens group.
Company snapshot
5thBy market cap
Ranked among 38 companies in Heavy Electrical Equipment.
Segment mix
Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.
Largest segment: 49.7% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Digital Industries | 24.9% | 790 Cr | 48 Cr | 1,183 Cr |
| Energy Assets held for distribution** | — | 0 Cr | 0 Cr | 7,214 Cr |
| Energy Discontinued operations (refer note 1) | 45.3% | 1,438 Cr | 325 Cr | 0 Cr |
| Energy LiabilitiesDirectlyAssct.WithAssetsHeldForDistribn** | — | 0 Cr | 0 Cr | 0 Cr |
| Low Voltage Motors* | 7.2% | 229 Cr | 11 Cr | 231 Cr |
| Mobility | 18.9% | 601 Cr | 38 Cr | 2,505 Cr |
| Others | 0.8% | 24 Cr | 1 Cr | 182 Cr |
| Smart Infrastructure | 49.7% | 1,578 Cr | 187 Cr | 5,370 Cr |
Shares add up to 147% because segment revenues are before inter-segment eliminations.
What we see
Positives
- ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Concerns
- ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
2 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,808 Cr | 4,825 Cr | 5,750 Cr | 5,204 Cr | 6,461 Cr | 3,587 Cr | 4,259 Cr | 4,347 Cr | 5,171 Cr | 3,831 Cr | 4,618 Cr | 4,714 Cr |
| Operating expenses (approx.) | 5,108 Cr | 4,229 Cr | 4,872 Cr | 4,512 Cr | 5,523 Cr | 3,186 Cr | 3,792 Cr | 3,825 Cr | 4,554 Cr | 3,409 Cr | 4,174 Cr | 4,283 Cr |
| EBITDA | 700 Cr | 596 Cr | 878 Cr | 692 Cr | 938 Cr | 401 Cr | 468 Cr | 521 Cr | 617 Cr | 422 Cr | 444 Cr | 431 Cr |
| OPM % | 12.1% | 12.4% | 15.3% | 13.3% | 14.5% | 11.2% | 11.0% | 12.0% | 11.9% | 11.0% | 9.6% | 9.1% |
| Other income | 146 Cr | 164 Cr | 321 Cr | 157 Cr | 283 Cr | 172 Cr | 152 Cr | 124 Cr | 122 Cr | 84 Cr | 100 Cr | 117 Cr |
| Interest | 5 Cr | 3 Cr | 31 Cr | 5 Cr | 21 Cr | 3 Cr | 2 Cr | 5 Cr | 5 Cr | 6 Cr | 14 Cr | 7 Cr |
| Depreciation | 79 Cr | 79 Cr | 80 Cr | 86 Cr | 86 Cr | 69 Cr | 69 Cr | 71 Cr | 72 Cr | 71 Cr | 74 Cr | 78 Cr |
| Profit before tax | 762 Cr | 678 Cr | 1,088 Cr | 758 Cr | 1,115 Cr | 825 Cr | 782 Cr | 570 Cr | 663 Cr | 367 Cr | 477 Cr | 2,571 Cr |
| Tax % | 25.0% | 25.4% | 26.2% | 23.7% | 25.5% | 25.5% | 25.5% | 25.7% | 26.8% | 24.3% | 22.3% | 16.6% |
| Net profit | 572 Cr | 506 Cr | 803 Cr | 578 Cr | 831 Cr | 615 Cr | 583 Cr | 423 Cr | 485 Cr | 278 Cr | 370 Cr | 2,143 Cr |
| EPS (₹) | ₹16.05 | ₹14.21 | ₹22.55 | ₹16.24 | ₹23.35 | ₹17.26 | ₹16.36 | ₹11.89 | ₹13.63 | ₹7.80 | ₹10.40 | ₹60.18 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Sept 2017 | Sept 2018 | Sept 2019 | Sept 2020 | Sept 2021 | Sept 2022 | Sept 2023 | Sept 2024 | Sept 2025 | Dec 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11,403 Cr | 12,795 Cr | 13,767 Cr | 9,947 Cr | 13,639 Cr | 16,138 Cr | 19,554 Cr | 22,240 Cr | 17,364 Cr | 20,228 Cr | 24,846 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 10,349 Cr | 11,468 Cr | 12,277 Cr | 8,943 Cr | 12,121 Cr | 14,381 Cr | 17,067 Cr | 19,136 Cr | 15,357 Cr | 17,848 Cr | 22,021 Cr | Sign in free for the trailing twelve months |
| EBITDA | 1,054 Cr | 1,327 Cr | 1,490 Cr | 1,004 Cr | 1,519 Cr | 1,757 Cr | 2,487 Cr | 3,104 Cr | 2,007 Cr | 2,380 Cr | 2,824 Cr | Sign in free for the trailing twelve months |
| OPM % | 9.2% | 10.4% | 10.8% | 10.1% | 11.1% | 10.9% | 12.7% | 14.0% | 11.6% | 11.8% | 11.4% | Sign in free for the trailing twelve months |
| Other income | 253 Cr | 280 Cr | 399 Cr | 315 Cr | 227 Cr | 308 Cr | 496 Cr | 925 Cr | 570 Cr | 653 Cr | 753 Cr | Sign in free for the trailing twelve months |
| Interest | 8 Cr | 8 Cr | 12 Cr | 30 Cr | 25 Cr | 36 Cr | 23 Cr | 61 Cr | 15 Cr | 20 Cr | 34 Cr | Sign in free for the trailing twelve months |
| Depreciation | 198 Cr | 198 Cr | 218 Cr | 252 Cr | 301 Cr | 317 Cr | 321 Cr | 330 Cr | 280 Cr | 341 Cr | 415 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 1,669 Cr | 1,402 Cr | 1,659 Cr | 1,036 Cr | 1,506 Cr | 2,082 Cr | 2,640 Cr | 3,639 Cr | 2,840 Cr | 3,207 Cr | 3,684 Cr | Sign in free for the trailing twelve months |
| Tax % | 31.9% | 35.7% | 33.7% | 25.8% | 27.6% | 25.9% | 25.7% | 25.3% | 25.9% | 25.7% | 25.2% | Sign in free for the trailing twelve months |
| Net profit | 1,137 Cr | 901 Cr | 1,099 Cr | 769 Cr | 1,090 Cr | 1,543 Cr | 1,962 Cr | 2,718 Cr | 2,106 Cr | 2,384 Cr | 2,754 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹31.92 | ₹25.31 | ₹30.87 | ₹21.59 | ₹30.62 | ₹43.33 | ₹55.09 | ₹76.33 | ₹59.14 | ₹66.93 | ₹77.34 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | 39.1% | 22.9% | 18.5% | 18.2% | 13.1% | 20.3% | — | 15.6% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Sept 2017 | Sept 2018 | Sept 2019 | Sept 2020 | Sept 2021 | Sept 2022 | Sept 2023 | Sept 2024 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 71 Cr | 71 Cr | 71 Cr | 71 Cr | 71 Cr | 71 Cr | 71 Cr | 71 Cr | 71 Cr | 71 Cr | 71 Cr |
| Reserves | 7,619 Cr | 8,228 Cr | 8,978 Cr | 9,421 Cr | 10,278 Cr | 11,539 Cr | 13,016 Cr | 15,286 Cr | 13,156 Cr | — | 13,769 Cr |
| Borrowings | — | — | — | — | 3 Cr | — | — | — | — | — | — |
| Other liabilities | 5,448 Cr | 6,037 Cr | 6,309 Cr | 6,368 Cr | 7,598 Cr | 8,491 Cr | 9,169 Cr | 10,042 Cr | 6,751 Cr | 20,550 Cr | 7,449 Cr |
| Total liabilities | 13,138 Cr | 14,336 Cr | 15,358 Cr | 15,860 Cr | 17,958 Cr | 20,109 Cr | 22,265 Cr | 25,408 Cr | 19,989 Cr | 20,621 Cr | 21,301 Cr |
| Fixed assets (net) | 1,223 Cr | 1,245 Cr | 1,189 Cr | 1,167 Cr | 1,304 Cr | 1,232 Cr | 1,200 Cr | 1,339 Cr | 931 Cr | — | 1,108 Cr |
| CWIP | 143 Cr | 63 Cr | 58 Cr | 88 Cr | 34 Cr | 51 Cr | 50 Cr | 103 Cr | 206 Cr | — | 249 Cr |
| Investments | — | 104 Cr | 0.10 Cr | 0.10 Cr | 97 Cr | 77 Cr | 67 Cr | 65 Cr | 64 Cr | — | 63 Cr |
| Loans & advances | — | 343 Cr | 729 Cr | 272 Cr | 606 Cr | 328 Cr | 522 Cr | 462 Cr | 488 Cr | — | 733 Cr |
| Inventories | 1,021 Cr | 1,150 Cr | 1,120 Cr | 1,115 Cr | 1,797 Cr | 2,165 Cr | 2,505 Cr | 2,631 Cr | 1,996 Cr | — | 2,589 Cr |
| Trade receivables | 3,430 Cr | 3,671 Cr | 3,816 Cr | 3,140 Cr | 3,683 Cr | 3,786 Cr | 4,707 Cr | 4,410 Cr | 2,982 Cr | — | 3,902 Cr |
| Cash & bank | 2,838 Cr | 2,556 Cr | 713 Cr | 1,917 Cr | 448 Cr | 1,001 Cr | 1,192 Cr | 1,836 Cr | 2,150 Cr | — | 1,694 Cr |
| Other assets | 4,482 Cr | 5,204 Cr | 7,734 Cr | 8,160 Cr | 9,988 Cr | 11,470 Cr | 12,023 Cr | 14,562 Cr | 11,172 Cr | 20,621 Cr | 10,963 Cr |
| Total assets | 13,138 Cr | 14,336 Cr | 15,358 Cr | 15,860 Cr | 17,958 Cr | 20,109 Cr | 22,265 Cr | 25,408 Cr | 19,989 Cr | 20,621 Cr | 21,301 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Sept 2017 | Sept 2018 | Sept 2019 | Sept 2020 | Sept 2021 | Sept 2022 | Sept 2023 | Sept 2024 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 573 Cr | 100 Cr | 1,292 Cr | 720 Cr | 1,422 Cr | 979 Cr | 1,400 Cr | 1,670 Cr | 375 Cr | — | -535 Cr |
| Cash from investing | 1,322 Cr | -77 Cr | -1,153 Cr | 871 Cr | -2,389 Cr | -35 Cr | -759 Cr | -505 Cr | 3,121 Cr | — | 3,688 Cr |
| Cash from financing | -285 Cr | -305 Cr | -312 Cr | -386 Cr | -502 Cr | -392 Cr | -450 Cr | -523 Cr | -3,186 Cr | — | -3,302 Cr |
| Net cash flow | 1,611 Cr | -282 Cr | -173 Cr | 1,205 Cr | -1,469 Cr | 552 Cr | 191 Cr | 644 Cr | 310 Cr | — | -142 Cr |
| Free cash flow (OCF − Capex) | 287 Cr | -91 Cr | 1,172 Cr | 702 Cr | 1,304 Cr | 823 Cr | 1,198 Cr | 1,327 Cr | -6 Cr | — | -1,088 Cr |
Ratios
| Metric | Sept 2017 | Sept 2018 | Sept 2019 | Sept 2020 | Sept 2021 | Sept 2022 | Sept 2023 | Sept 2024 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 21.8% | 17.0% | 18.5% | 11.2% | 14.8% | 18.2% | 20.3% | 24.1% | 21.6% | — | 26.8% |
| ROE % | 14.8% | 10.9% | 12.1% | 8.1% | 10.5% | 13.3% | 15.0% | 17.7% | 15.9% | 18.0% | 19.9% |
| Debtor days | 109 | 104 | 101 | 115 | 98 | 85 | 88 | 72 | 63 | — | 57 |
| Inventory days | 113 | 143 | 138 | 229 | 227 | 215 | 207 | 191 | 105 | — | 89 |
| Days payable | 294 | 381 | 407 | 573 | 463 | 401 | 350 | 341 | 197 | — | 141 |
| Cash conversion cycle | -72 | -133 | -168 | -228 | -138 | -101 | -55 | -78 | -29 | — | 6 |
| OCF / EBITDA % | 54.4% | 7.5% | 86.7% | 71.7% | 93.7% | 55.7% | 56.3% | 53.8% | 18.7% | — | -19.0% |
| OCF / EBITDA % (3 years) | — | — | 50.8% | 55.2% | 85.6% | 72.9% | 65.9% | 55.1% | 45.3% | — | — |
| Debt / equity | — | — | — | — | 0.0002 | — | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Current ratio | 1.98 | 1.91 | 2.10 | 2.14 | 1.94 | 1.91 | 2.08 | 2.26 | 2.54 | — | 2.57 |
| Net debt / EBITDA | -2.69 | -1.93 | -0.48 | -1.91 | -0.29 | -0.57 | -0.48 | -0.59 | -1.07 | 0.00 | -0.60 |