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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Siemens Ltd

Basic Stock Data

Last Updated: May 30, 2024, 6:16 am

Market Cap 2,59,373 Cr.
Current Price 7,283
High / Low7,388/3,246
Stock P/E112
Book Value 391
Dividend Yield0.14 %
ROCE20.7 %
ROE15.4 %
Face Value 2.00
PEG Ratio4.46

Competitors of Siemens Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Honeywell Automation India Ltd 47,241 Cr. 53,37059,050/34,97894.2 4,0790.18 %19.7 %14.8 % 10.0
Aplab Ltd 99.5 Cr. 89.8127/32.815.2 7.310.00 %21.6 %% 10.0
Industry Average23,670.25 Cr26,729.9054.702,043.160.09%20.65%7.40%10.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,9013,3542,6133,8773,1103,4753,9154,3313,6454,4654,4735,3824,436
Expenses2,5402,9132,3883,4542,7823,0453,5363,8623,0963,9103,9684,7503,913
Operating Profit361441225424328430379470549555505631523
OPM %12%13%9%11%11%12%10%11%15%12%11%12%12%
Other Income8566486559747339195188126139156
Interest456651041457343
Depreciation62585454535252525254645454
Profit before tax381445214429329441396795588682564712622
Tax %24%26%24%25%25%25%26%17%26%24%25%25%25%
Net Profit290328162323245329294663438516424534463
EPS in Rs8.149.224.539.076.899.248.2518.6112.2914.4911.9014.9913.01

Last Updated: May 11, 2024, 12:34 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:04 am

MonthSep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023TTM
Sales12,92011,35310,67810,51210,81011,01512,72513,0009,86912,52214,83217,96519,604
Expenses12,00510,90810,5599,5169,7629,93711,38211,4988,85011,06513,19715,68817,157
Operating Profit9154441199971,0471,0781,3441,5031,0201,4571,6352,2772,448
OPM %7%4%1%9%10%10%11%12%10%12%11%13%12%
Other Income-144679859433,156820280394310278597549882
Interest49433128353236396046615841
Depreciation201250229216226197197198250225210224228
Profit before tax5212198441,6963,9421,6691,3911,6601,0201,4641,9612,5453,061
Tax %34%11%28%30%26%32%36%35%26%25%22%25%
Net Profit3431946031,1832,9171,1348941,0877561,1031,5311,9112,318
EPS in Rs5.4516.9433.2381.9131.8325.1030.5221.2430.9742.9953.6765.07
Dividend Payout %60%92%35%30%41%22%28%23%33%26%23%19%

Profit & Loss Yearly Chart

Unable to calculate Year-wise YoY Net Profit Growth.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:7%
3 Years:22%
TTM:20%
Compounded Profit Growth
10 Years:27%
5 Years:16%
3 Years:36%
TTM:41%
Stock Price CAGR
10 Years:23%
5 Years:42%
3 Years:53%
1 Year:107%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:14%
Last Year:15%

Last Updated: May 25, 2024, 8:52 am

Siemens Ltd Balance Sheet

MonthSep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023
Equity Capital687171717171717171717171
Reserves3,8923,9594,3045,0556,7507,6348,2348,9729,40310,27211,52512,953
Borrowings00000000206196160152
Other Liabilities6,6845,8145,9155,4015,1335,4185,9446,1675,9866,8427,7578,327
Total Liabilities10,6459,84410,29010,52811,95413,12314,24915,21015,66617,38219,51221,504
Fixed Assets1,4121,3791,3561,3611,1961,3341,3511,1901,1651,1121,0241,022
CWIP8589413279143625888304948
Investments41438169165555555552,2122,2202,220
Other Assets9,1068,3338,8868,96610,51511,59112,78013,90714,35814,02816,21918,214
Total Assets10,6459,84410,29010,52811,95413,12314,24915,21015,66617,38219,51221,504

Reserves and Borrowings Chart

Siemens Ltd Cash Flow

MonthSep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023
Cash from Operating Activity 43102608618508554421,2126761,3349281,179
Cash from Investing Activity 30-01306252401,313-156-1,034829-2,50720-659
Cash from Financing Activity -259-474-220-268-1,612-260-305-311-385-320-383-440
Net Cash Flow-186-373517975-8641,607-420-1331,121-1,49456580

Free Cash Flow

MonthSep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023
Free Cash Flow915.00444.00119.00997.001.001.001.001.00-205.00-195.00-159.00-150.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthSep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023
Debtor Days1111211261051021131051071161008789
Inventory Days7068786968707371100989895
Days Payable196187202172150181194214250215197169
Cash Conversion Cycle-16332201-16-36-35-16-1215
Working Capital Days71725193134504750371931
ROCE %20%6%10%19%16%16%18%19%12%14%15%21%

Financial Efficiency Indicators Chart

Siemens Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs4.37%4.60%5.21%5.40%5.51%5.42%6.03%6.74%7.01%7.58%7.94%7.89%
DIIs10.58%10.35%9.92%9.67%9.49%9.65%9.52%8.78%8.48%8.01%7.64%7.71%
Public10.05%10.05%9.87%9.93%10.00%9.93%9.44%9.48%9.51%9.40%9.44%9.40%
No. of Shareholders1,14,1711,22,9441,22,4691,28,6391,32,3051,31,1031,36,0121,36,6901,54,9881,62,2401,63,5631,56,916

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Large Cap Fund700,0001.39281.73
ICICI Prudential Bluechip Fund656,4320.55264.19
ICICI Prudential Focused Equity Fund639,6233.95257.43
ICICI Prudential Flexicap Fund490,3171.46197.34
HDFC Top 100 Fund - Regular Plan385,3390.51155.09
Kotak Equity Arbitrage Fund - Regular Plan340,6500.4137.1
Axis Bluechip Fund317,1760.38127.65
Canara Robeco Bluechip Equity Fund316,3071.09127.3
Nippon India Multi Cap Fund300,4540.49120.92
Aditya Birla Sun Life Frontline Equity Fund290,0000.45116.72

ROCE Trend

EPS Trend

Key Financial Ratios

MonthSep 23Sep 22Sep 21Sep 20Sep 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)55.0943.3330.6221.5930.87
Diluted EPS (Rs.)55.0943.3330.6221.5930.87
Cash EPS (Rs.)64.1252.2539.0728.6737.01
Book Value[Excl.RevalReserv]/Share (Rs.)367.86326.34290.93266.63254.20
Book Value[Incl.RevalReserv]/Share (Rs.)367.86326.34290.93266.63254.20
Revenue From Operations / Share (Rs.)549.26453.31383.12279.40386.72
PBDIT / Share (Rs.)83.8058.0149.0237.0453.07
PBIT / Share (Rs.)74.7949.1040.5829.9546.94
PBT / Share (Rs.)74.1548.0839.8829.1346.61
Net Profit / Share (Rs.)55.1143.3430.6321.5930.88
NP After MI And SOA / Share (Rs.)55.0843.3430.6321.5930.88
PBDIT Margin (%)15.2512.7912.7913.2513.72
PBIT Margin (%)13.6110.8310.5910.7212.13
PBT Margin (%)13.5010.6010.4110.4212.05
Net Profit Margin (%)10.039.567.997.727.98
NP After MI And SOA Margin (%)10.029.567.997.727.98
Return on Networth / Equity (%)14.9813.2810.538.0912.14
Return on Capital Employeed (%)19.4014.4212.9210.6617.85
Return On Assets (%)8.807.676.074.847.15
Asset Turnover Ratio (%)0.930.790.770.630.92
Current Ratio (X)2.061.911.942.172.10
Quick Ratio (X)1.771.641.671.981.91
Inventory Turnover Ratio (X)1.991.541.871.602.63
Dividend Payout Ratio (NP) (%)0.0018.4622.8632.4322.67
Dividend Payout Ratio (CP) (%)0.0015.3117.9224.4218.92
Earning Retention Ratio (%)0.0081.5477.1467.5777.33
Cash Earning Retention Ratio (%)0.0084.6982.0875.5881.08
Interest Coverage Ratio (X)130.8556.8970.9344.69161.48
Interest Coverage Ratio (Post Tax) (X)87.0535.7643.6927.0894.97
Enterprise Value (Cr.)123157.6492037.2870592.2839317.2848924.98
EV / Net Operating Revenue (X)6.305.705.183.953.55
EV / EBITDA (X)41.2844.5740.4529.8225.90
MarketCap / Net Operating Revenue (X)6.696.115.554.533.92
Retention Ratios (%)0.0081.5377.1367.5677.32
Price / BV (X)9.998.497.324.745.96
Price / Net Operating Revenue (X)6.696.115.554.533.92
EarningsYield0.010.010.010.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹6,753.41

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 7.27% compared to the current price ₹7283

Intrinsic Value: ₹8,448.28

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 16.00% compared to the current price ₹7283

Last 5 Year EPS CAGR: 25.10%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.50%, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -7.25, which is a positive sign.
  3. The company has higher reserves (8,214.62 cr) compared to borrowings (67.46 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (12.31 cr) and profit (123.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 30.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Siemens Ltd:
    1. Net Profit Margin: 10.03%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 19.40% (Industry Average ROCE: 20.65%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✓ ROE%: 14.98% (Industry Average ROE: 7.4%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 87.05
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.77
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 112 (Industry average Stock P/E: 54.7)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

Siemens Ltd. is a Public Limited Listed company incorporated on 02/03/1957 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28920MH1957PLC010839 and registration number is 010839. Currently Company is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs. 14831.50 Cr. and Equity Capital is Rs. 71.20 Cr. for the Year ended 30/09/2022.
INDUSTRYADDRESSCONTACT
Instrumentation & Process ControlBirla Aurora, Level 21, Plot No. 1080, Mumbai Maharashtra 400030corporate-secretariat.in@siemens.com
http://www.siemens.co.in
Management
NamePosition Held
Mr. Deepak S ParekhChairman
Mr. Sunil MathurManaging Director & CEO
Mr. Daniel SpindlerExecutive Director & CFO
Mr. Tim HoltDirector
Mr. Matthias RebelliusSpecial Director
Ms. Sindhu GangadharanIndependent Director
Mr. Shyamak Ramyar TataIndependent Director
Mr. Juergen Michael WagnerDirector
Mr. Anami N RoyIndependent Director

FAQ

What is the latest fair value of Siemens Ltd?

The latest fair value of Siemens Ltd is ₹6753.41.

What is the Market Cap of Siemens Ltd?

The Market Cap of Siemens Ltd is 2,59,373 Cr..

What is the current Stock Price of Siemens Ltd as on 29 May 2024?

The current stock price of Siemens Ltd as on 29 May 2024 is ₹7,283.

What is the High / Low of Siemens Ltd stocks in FY 2024?

In FY 2024, the High / Low of Siemens Ltd stocks is 7,388/3,246.

What is the Stock P/E of Siemens Ltd?

The Stock P/E of Siemens Ltd is 112.

What is the Book Value of Siemens Ltd?

The Book Value of Siemens Ltd is 391.

What is the Dividend Yield of Siemens Ltd?

The Dividend Yield of Siemens Ltd is 0.14 %.

What is the ROCE of Siemens Ltd?

The ROCE of Siemens Ltd is 20.7 %.

What is the ROE of Siemens Ltd?

The ROE of Siemens Ltd is 15.4 %.

What is the Face Value of Siemens Ltd?

The Face Value of Siemens Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Siemens Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE