AgenciesPrabhudas Lilladher has accumulate call on with a target price of Rs 3290. The current market price of Siemens is Rs 2951.
Siemens, incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 105235.32 Crore) operating in Engineering sector.
Siemens key Products/Revenue Segments include Engineering Goods, Income from Project Development, Sale of services, Other Operating Revenue, Rental Income, Export Incentives and Commission for the year ending 30-Sep-2021.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 4759.90 Crore, up 9.75 % from last quarter Total Income of Rs 4337.00 Crore and up 9.21 % from last year same quarter Total Income of Rs 4358.30 Crore. Company has reported net profit after tax of Rs 652.30 Crore in latest quarter.
The company’s top management includes Mr.Deepak S Parekh, Mr.Sunil Mathur, Mr.Daniel Spindler, Mr.Johannes Apitzsch, Mr.Tim Holt, Mr.Matthias Rebellius, Ms.Anjali Bansal, Mr.Mehernosh B Kapadia, Mr.Willem Rudolf Basson. Company has B S R & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 36 Crore shares outstanding.
Investment Rationale The brokerage believes the recent order bagged by the company to deliver 1,200 electric locomotives (9000hp) over 11-year period and provide 35 years of full service maintenance will boost Siemens Motion business revenue growth going forward. The brokerage remains positive on the company from a long-term perspective given its strong and diversified presence across industries, focus on digitization and automation products, product localization and 4) healthy balance sheet.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.42 per cent, DIIs 9.5 per cent.
Siemens, incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 105235.32 Crore) operating in Engineering sector.
Siemens key Products/Revenue Segments include Engineering Goods, Income from Project Development, Sale of services, Other Operating Revenue, Rental Income, Export Incentives and Commission for the year ending 30-Sep-2021.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 4759.90 Crore, up 9.75 % from last quarter Total Income of Rs 4337.00 Crore and up 9.21 % from last year same quarter Total Income of Rs 4358.30 Crore. Company has reported net profit after tax of Rs 652.30 Crore in latest quarter.
The company’s top management includes Mr.Deepak S Parekh, Mr.Sunil Mathur, Mr.Daniel Spindler, Mr.Johannes Apitzsch, Mr.Tim Holt, Mr.Matthias Rebellius, Ms.Anjali Bansal, Mr.Mehernosh B Kapadia, Mr.Willem Rudolf Basson. Company has B S R & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 36 Crore shares outstanding.
Investment Rationale The brokerage believes the recent order bagged by the company to deliver 1,200 electric locomotives (9000hp) over 11-year period and provide 35 years of full service maintenance will boost Siemens Motion business revenue growth going forward. The brokerage remains positive on the company from a long-term perspective given its strong and diversified presence across industries, focus on digitization and automation products, product localization and 4) healthy balance sheet.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.42 per cent, DIIs 9.5 per cent.
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