Siemens Energy India Rises 5% After Q4 Results, Target at ₹3,416

Siemens Energy India shares gained nearly 5% in early trade on Tuesday after posting strong fourth-quarter performance. The company reported a 27% year-on-year rise in revenue and 25% growth in Ebitda, with gross margins improving by 100 basis points to 35.6%. Although Ebitda margin at 18.1% was slightly below estimates, PAT grew 31% YoY in line with expectations. The stock touched a high of ₹3,303 on the BSE following the results.

Brokerage firm Antique Stock Broking reiterated its ‘Buy’ rating on the stock with an unchanged target price of ₹3,416, valuing it at 65 times FY27 expected EPS of ₹52.60. The brokerage highlighted Siemens Energy India’s strong order inflow of ₹2,350 crore and a robust order book of ₹16,200 crore, reflecting 47% YoY growth. With 10 manufacturing units, the company is well positioned to benefit from growing business opportunities in India and South Asia.

Antique expects a topline and earnings CAGR of 22% and 30% respectively over FY25-27, supported by expansion in transformer and switchgear manufacturing and a new turbine service centre in Raipur. The brokerage also noted Siemens’ strong competitive edge in HVDC technology and suggested the firm is well placed to win at least one of the three upcoming HVDC project bids, strengthening its already solid backlog.

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