Siemens Limited is an India-based provider of technology enabled solutions in a range of sectors. The Company operates in five business segments: Infrastructure and Cities, Energy, Industry, Healthcare and Others. Infrastructure and Cities provides electrical installation technologies. The Company was incorporated in India on 2nd March 1957, as a private limited company under the name Siemens Engineering and Manufacturing Company of India Private Limited.
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BSE Code |
500550 |
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NSE Code |
SIEMENS |
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Reuters Code |
SIEM.NS |
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INCEPTION |
MARCH 1957 |
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IPO |
1970 |
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Sector |
INDUSTRIALGOODS |
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CMP (as on 23/10/2015) |
1350 |
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Stock Beta |
1.435 |
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52 Week H/L |
795.50 / 1558 |
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Market Cap (Cr) |
48,607 |
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Equity Capital (Rs cr) |
71.2 |
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Face Value (Rs) |
2.00 |
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Average Volume |
2,89,408 |
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Shareholding Pattern (%) |
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Promoters |
75 |
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Non Institutions |
25 |
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Grand Total |
100 |
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Fiscal Budget impact on Manufacturing and indirectly on SIEM.
Make in India
Continued Focus on Driving Profitable Growth
The emphasis on expense streamlining and confinement ought to help aggressiveness which will help SIEM once the business sector recuperates. We value SIEM using DCF at price target of 1433 for FY16 with expected growth rate at 10.94% per annum. We recommend BUY on the stock at CMP of Rs. 1350 to the above target.
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Yearly IncomeStatement |
2013 |
2014 |
2015 E |
2016 E |
2017 E |
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Revenue |
11145.24 |
10448.27 |
10823 |
12007.04 |
13320.61 |
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Total Income |
11419.62 |
11149.15 |
11665.78 |
12718.31 |
14032.04 |
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EBIDTA |
487.66 |
1080.84 |
1179.38 |
1105.10 |
1240.26 |
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EBIT |
237.47 |
851.73 |
946.06 |
844.38 |
945.59 |
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Adjusted PAT |
165.15 |
329.53 |
419.20 |
344.67 |
384.80 |
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EBIDTA Margin |
4.38% |
10.34% |
10.90% |
9.20% |
9.31% |
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EBIT Margin |
2.13% |
8.15% |
8.74% |
7.03% |
7.10% |
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PAT Margin |
1.45% |
2.96% |
3.59% |
2.71% |
2.74% |
Siemens Limited provides technology-enabled solutions for the infrastructure and cities, energy, industry, and healthcare sectors. It‟s Infrastructure and Cities segment provides electrical installation technologies, such as miniature circuit breakers, distribution boards, residual current circuit breakers, etc.; and rail automation, railway electrification, light and heavy rail, locomotives, trains, and turnkey project solutions, as well as offers solutions for the automation of power grids to products that comprise medium-voltage switchgear and components. Its Energy segment offers power generation products and solutions based on fossil fuels, such as individual gas and steam turbines and generators, and turnkey power plants; products and solutions for the extraction, conversion, and transportation of oil and gas; and solutions for power generation and distribution, including high voltage direct current transmission systems, substations, switchgears, and transformers. It‟s Industry segment offers automation products and systems, industrial automation systems and low voltage switchgears, large and standard drives and motors, special purpose motors, and process and motion control systems; and concept, engineering, procurement, supplies, installation, commissioning, and after sales services for turnkey projects in the industrial and infrastructure sectors. Its Healthcare segment provides diagnostic, therapeutic, and life-saving products in computer tomography, magnetic resonance imaging, ultrasonography, nuclear medicine, digital angiography, patient monitoring systems, digital radiography systems, and radiology networking systems, lithotripsy, and linear accelerators. It was formerly known as Siemens India Limited and changed its name to Siemens Limited in March 1987. Siemens Limited was incorporated in 1957 and is based in Mumbai, India. Siemens Limited is a subsidiary of Siemens AG.
Shareholding pattern as on 30thJune, 2015
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EQUITY - SHARE HOLDINGPATTERN |
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No of Shares |
% of Holding |
No of Shares |
% of Holding |
No of Shares |
% of Holding |
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Description as on |
30-09-2015 |
30-06-2015 |
31-03-2015 |
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Foreign (Promoter & Group) |
267089913 |
75 |
267089913 |
75 |
267089913 |
75 |
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Indian (Promoter & Group) |
0 |
0 |
0 |
0 |
0 |
0 |
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Total of Promoter |
267089913 |
75 |
267089913 |
75 |
267089913 |
75 |
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Non Promoter (Institution) |
49788693 |
13.98 |
49859081 |
14 |
49690389 |
13.95 |
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Non Promoter (Non-Institution) |
39241649 |
11.02 |
39171201 |
11 |
39339893 |
11.05 |
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Total Non Promoter |
89030342 |
25 |
89030282 |
25 |
89030282 |
25 |