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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Siemens Ltd

About the Company - Siemens Ltd

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

Siemens Ltd. Share Price Update

Share PriceValue
Today₹4,511.00
Previous Day₹4,537.75

Basic Stock Data of Siemens Ltd

Market Cap 1,62,533 Cr.
Current Price 4,564
High / Low4,644/3,120
Stock P/E83.9
Book Value 366
Dividend Yield0.22 %
ROCE20.7 %
ROE15.4 %
Face Value 2.00

Data Source: screener.in

Competitors of Siemens Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Honeywell Automation India Ltd 33,823 Cr. 38,26244,150/34,34372.7 3,7720.25 %19.5 %14.5 % 10.0
Industry Average33,823.00 Cr38,262.0072.703,772.000.25%19.50%14.50%10.00

Siemens Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales3,5192,9013,3542,6133,8773,1103,4753,9154,3313,6454,4654,4735,382
Expenses3,0722,5402,9132,3883,4542,7823,0453,5363,8623,0963,9103,9684,750
Operating Profit447361441225424328430379470549555505631
OPM %13%12%13%9%11%11%12%10%11%15%12%11%12%
Other Income618566486559747339195188126139
Interest645665104145734
Depreciation63625854545352525252546454
Profit before tax440381445214429329441396795588682564712
Tax %26%24%26%24%25%25%25%26%17%26%24%25%25%
Net Profit328290328162323245329294663438516424534
EPS in Rs9.208.149.224.539.076.899.248.2518.6112.2914.4911.9014.99

Siemens Ltd Quarterly Chart

Siemens Ltd Profit & Loss

MonthSep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023
Sales12,92011,35310,67810,51210,81011,01512,72513,0009,86912,52214,83217,965
Expenses12,00510,90810,5599,5169,7629,93711,38211,4988,85011,06513,19715,725
Operating Profit9154441199971,0471,0781,3441,5031,0201,4571,6352,240
OPM %7%4%1%9%10%10%11%12%10%12%11%12%
Other Income-144679859433,156820280394310278597549
Interest494331283532363960466120
Depreciation201250229216226197197198250225210224
Profit before tax5212198441,6963,9421,6691,3911,6601,0201,4641,9612,545
Tax %34%11%28%30%26%32%36%35%26%25%22%25%
Net Profit3431946031,1832,9171,1348941,0877561,1031,5311,911
EPS in Rs5.4516.9433.2381.9131.8325.1030.5221.2430.9742.9953.67
Dividend Payout %60%92%35%30%41%22%28%23%33%26%23%19%

Siemens Ltd Profit & Loss Yearly Chart

Siemens Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:7%
3 Years:22%
TTM:22%
Compounded Profit Growth
10 Years:27%
5 Years:16%
3 Years:36%
TTM:34%
Stock Price CAGR
10 Years:22%
5 Years:35%
3 Years:34%
1 Year:38%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:14%
Last Year:15%

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

Siemens Ltd 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

Siemens Ltd 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 Days71725193134504750371930
ROCE %20%6%10%19%16%16%18%19%12%14%15%

Siemens Ltd 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

Siemens Ltd Shareholding Pattern Chart

No. of Siemens Ltd Shareholders

Siemens Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Large Cap Fund7000001.39281.73
ICICI Prudential Bluechip Fund6564320.55264.19
ICICI Prudential Focused Equity Fund6396233.95257.43
ICICI Prudential Flexicap Fund4903171.46197.34
HDFC Top 100 Fund - Regular Plan3853390.51155.09
Kotak Equity Arbitrage Fund - Regular Plan3406500.4137.1
Axis Bluechip Fund3171760.38127.65
Canara Robeco Bluechip Equity Fund3163071.09127.3
Nippon India Multi Cap Fund3004540.49120.92
Aditya Birla Sun Life Frontline Equity Fund2900000.45116.72

Siemens Ltd ROCE Trend

Siemens Ltd EPS Trend

Siemens Ltd 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

Siemens Ltd Profitability Ratios (%)

Siemens Ltd Liquidity Ratios

Siemens Ltd Liquidity Ratios (%)

Siemens Ltd Interest Coverage Ratios (X)

Siemens Ltd Valuation Ratios

Fair Value / Intrinsic Value of Siemens Ltd

Fair Value: ₹4739.34

The stock is undervalued by 3.84% compared to the current price ₹4564

*Investments are subject to market risks

Strength and Weakness of Siemens Ltd

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -7.25, which is a positive sign.
  2. The company has higher reserves (7,746.08 cr) compared to borrowings (59.50 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (11.75 cr) and profit (133.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 48.27 and average Dividend Yield of 11.58%.
  2. The stock has a low average ROCE of 13.75%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 30.50, which may not be favorable.

Should I Buy Siemens Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding 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: 19.5%)
      • 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. 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.
    4. 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.
    5. ✗ Stock P/E: 81.2 (Industry average Stock P/E: 72.1)
      • 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.
    6. ✗ 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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