AgenciesRelated
Motilal Oswal has neutral call on with a target price of Rs 1700. The current market price of Siemens Ltd. is Rs 2120.6.
Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 69395.37 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3540.00 Crore, up 18.66 % from last quarter Total Income of Rs 2983.30 Crore and up 21.24 % from last year same quarter Total Income of Rs 2919.90 Crore. Company reported net profit after tax of Rs 334.40 Crore in latest quarter.
Investment Rationale
The brokerage likes SIEM’s product portfolio and diverse end-market exposure. The company is poised to benefit over the long term, led by the niche Industrial Automation and Digitalization businesses. However, re-rating of the stock has been quite steep. Adjusted for strong cuts in other expenses (7.3% of sales v/s 13.8% in 2QFY20), the margin trend seems to be under pressure.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of March 31, 2021, while FIIs held 4.4 per cent, DIIs 10.6 per cent and public and others 10.1 per cent.
Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 69395.37 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3540.00 Crore, up 18.66 % from last quarter Total Income of Rs 2983.30 Crore and up 21.24 % from last year same quarter Total Income of Rs 2919.90 Crore. Company reported net profit after tax of Rs 334.40 Crore in latest quarter.
Investment Rationale
The brokerage likes SIEM’s product portfolio and diverse end-market exposure. The company is poised to benefit over the long term, led by the niche Industrial Automation and Digitalization businesses. However, re-rating of the stock has been quite steep. Adjusted for strong cuts in other expenses (7.3% of sales v/s 13.8% in 2QFY20), the margin trend seems to be under pressure.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of March 31, 2021, while FIIs held 4.4 per cent, DIIs 10.6 per cent and public and others 10.1 per cent.
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