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The newly independent, India-listed energy arm of Siemens, making power transmission, grid and energy-transition equipment; demerged from Siemens Ltd in 2025.
The newly independent, India-listed energy arm of Siemens, making power transmission, grid and energy-transition equipment; demerged from Siemens Ltd in 2025.
Sells large grid equipment and power-plant equipment on project contracts that stretch over years, so order intake and delivery schedules matter more than quarterly sales. The German parent Siemens Energy holds the large majority, and the company was separated from Siemens Limited in 2025.
In one line: The Indian, grid-focused arm of Siemens Energy.
Moat: narrow (brand, process know-how, installed base). Global Siemens Energy technology and brand, newly independent in India, competing with ABB, GE Vernova and BHEL.
Headquarters: Mumbai, India · Employees: 4,539
Size Siemens Energy India (ENRIN.NS) is an India Industrials company (Electrical Products) with a market value of $10.6B, the 121st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹2,809 on 6 Nov 2026.
Performance Over six months the shares fell 10.5%, against -21.4% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 20 in its peer set.
Growth The operating margin is 20.0% (peer median 12.7%).
Valuation It trades at 60.1× forward earnings against a peer median of 17.4× (2nd most expensive of 21).
Capital Return on invested capital runs 21.2 points above its cost of capital (11.0% WACC).
Next results Next results expected around 30 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | |
|---|---|---|
| Revenue | ₹94.4B | ₹78.0B |
| Revenue growth | — | — |
| Gross profit | ₹26.4B | ₹21.1B |
| EBITDA | ₹20.2B | ₹14.8B |
| Net income | ₹14.9B | ₹11.0B |
| Free cash flow | n/a | ₹35.2B |
| Capital expenditure | n/a | ₹2.16B |
| Total debt | n/a | ₹1.48B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Siemens Energy India ENRIN.NS | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% |
| ABB India ABB.NS | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% |
| GE Vernova GEV | $205B | -26% | +17% | 7% | 32.2× | 24.9% |
| Bharat Heavy Electricals BHEL.NS | $15.4B | +3% | +29% | 9% | 41.2× | 44.1% |
| Hitachi Energy India POWERINDIA.NS | $13.1B | -20% | +40% | 15% | 79.8× | 50.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ENRIN.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.0% | -18.4% | 11th highest of 21 |
| 6-month return | -10.5% | -21.4% | 4th highest of 20 |
| Distance from 52-week high | -29.2% | -40.2% | 8th highest of 21 |
| Operating margin | 20.0% | 12.7% | 5th highest of 20 |
| Forward P/E | 60.1× | 17.4× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 27.3% | 6.6% | 2nd most demanding of 18 |
| ROIC minus cost of capital | +21.2 pp | +10.8 pp | 4th highest of 19 |
| EV / EBITDA | 49.4× | 13.5× | 2nd most expensive of 12 |
| Net debt / EBITDA | -1.6× | 0.5× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |
| Goneo Group Co., Ltd.Class A 603195.SS | China | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% | +9.8% |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| Innio INIO | United States | $10.3B | n/a | +22% | 13% | 17.5× | 6.5% | +22.1% |
| China Shipbuilding Industry Group Power 600482.SS | China | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% | +16.5% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Hd Hyundai Electric 267260.KS | South Korea | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% | +17.6% |
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Acuity AYI | United States | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% | +6.0% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Smiths SMIN.L | United Kingdom | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% | -4.2% |
| Shanghai Electric 2727.HK | Hong Kong | $12.2B | -40% | +22% | n/a | 21.7× | -2.8% | -2.3% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
| Anker Innovations Technology 300866.SZ | China | $8.83B | -11% | +22% | 11% | 19.5× | 5.8% | +26.7% |
| Ls Electric 010120.KS | South Korea | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% | +15.6% |
| Furukawa Electric 5801.T | Japan | $8.75B | -54% | +13% | 6% | 11.9× | n/a | n/a |