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The Indian listed arm of Germany's Siemens, making industrial automation, digital and infrastructure equipment for Indian industry, after its energy business demerged in 2025.
The Indian listed arm of Germany's Siemens, making industrial automation, digital and infrastructure equipment for Indian industry, after its energy business demerged in 2025.
Sells factory automation and building systems mainly to Indian manufacturers and infrastructure projects, plus rail signalling and trains, with orders arriving by project or through distributors. The German parent holds the large majority. In 2025 the energy business was split into a separate listed company, Siemens Energy India.
In one line: The Indian subsidiary of Siemens AG (industrial technology).
Moat: narrow (brand, scale, process know-how). Parent Siemens' global technology and brand give it a leading position in Indian industrial automation and infrastructure.
Headquarters: Mumbai, India · Employees: 6,346
Size Siemens (SIEMENS.NS) is an India Industrials company (Electrical Products) with a market value of $13.4B, the 77th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹3,560 on 6 Nov 2026.
Performance Over six months the shares fell 8.1%, against -25.7% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 12.4% over the last twelve months (peer median +21.8%); the operating margin is 8.9% (peer median 11.6%).
Valuation It trades at 72.7× forward earnings against a peer median of 18.1× (2nd most expensive of 21).
Capital Return on invested capital runs 7.5 points below its cost of capital (16.2% WACC).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹181B | ₹165B | ₹222B | ₹195B | ₹160B |
| Revenue growth | — | -26% | +14% | +21% | — |
| Gross profit | ₹30.6B | ₹24.1B | ₹40.8B | ₹32.9B | ₹26.0B |
| EBITDA | ₹19.1B | ₹17.8B | ₹30.9B | ₹24.3B | ₹19.6B |
| Net income | ₹32.8B | ₹18.3B | ₹27.2B | ₹19.6B | ₹11.9B |
| Free cash flow | n/a | -₹2.96B | ₹19.2B | ₹16.1B | ₹10.2B |
| Capital expenditure | n/a | ₹5.53B | ₹3.42B | ₹2.02B | ₹1.56B |
| Total debt | n/a | ₹3.07B | ₹2.79B | ₹1.75B | ₹1.82B |
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 SIEMENS.NS | $13.4B | -8% | -12% | 9% | 72.7× | n/a |
| ABB India ABB.NS | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% |
| CG Power & Industrial Solutions CGPOWER.NS | $12.9B | -10% | +24% | 12% | 72.3× | n/a |
| Schneider Electric Infrastructure SCHNEIDER.NS | $2.69B | -21% | +10% | 10% | 76.0× | 56.2% |
| Honeywell Automation India HONAUT.NS | $2.81B | -2% | +5% | 13% | 39.5× | 32.9% |
| 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 | SIEMENS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.1% | -6.8% | 10th highest of 21 |
| 6-month return | -8.1% | -25.7% | 4th highest of 21 |
| Distance from 52-week high | -14.2% | -38.5% | 2nd highest of 21 |
| Revenue growth (TTM) | -12.4% | +21.8% | lowest of 20 |
| Operating margin | 8.9% | 11.6% | 7th lowest of 20 |
| Forward P/E | 72.7× | 18.1× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -7.5 pp | +3.9 pp | 3rd lowest of 19 |
| EV / EBITDA | 66.6× | 37.0× | 3rd most expensive of 10 |
| Net debt / EBITDA | -2.8× | -1.1× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Siemens SIEMENS.NS | India | $13.4B | -8% | -12% | 9% | 72.7× | n/a | n/a |
| Dongfang Electric 1072.HK | Hong Kong | $13.1B | -56% | +7% | 5% | 10.4× | n/a | n/a |
| CG Power & Industrial Solutions CGPOWER.NS | India | $12.9B | -10% | +24% | 12% | 72.3× | n/a | n/a |
| Ls Electric 010120.KS | South Korea | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% | +15.6% |
| TBEA 600089.SS | China | $14.2B | -29% | +12% | 6% | 15.2× | n/a | n/a |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
| Shanghai Electric 601727.SS | China | $12.3B | -24% | +16% | n/a | 64.2× | -5.7% | -1.6% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Hengtong Optic-Electric 600487.SS | China | $14.9B | -38% | +21% | 9% | 11.8× | n/a | n/a |
| ABB India ABB.NS | India | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% | +17.8% |
| Ningbo Deye Technology 605117.SS | China | $15.3B | -26% | +71% | 27% | 17.3× | 7.9% | +32.1% |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Bharat Heavy Electricals BHEL.NS | India | $15.4B | +3% | +29% | 9% | 41.2× | 44.1% | +14.6% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Zangge Mining 000408.SZ | China | $15.5B | -26% | +35% | 51% | 12.5× | 22.0% | +13.4% |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| EVE Energy 300014.SZ | China | $17.0B | -28% | +51% | 6% | 15.5× | n/a | n/a |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |