Arthneeti

Siemens Q4 FY26 Share Price & Earnings Call Analysis

₹3,366.00-0.21% today
Market cap
₹1.20L Cr
P/E
79.74
ROE
19.22%
PEG
3.55
Price to sales
6.65
Debt to equity
0.02
52W high / low
₹4,114 / ₹2,849
Sales growth (5Y)
20.09%
EBITDA margin
10.55%
Net profit margin
11.30%
Promoter holding
75.00%
Sales (last year)
₹18,062 Cr

Siemens Limited offers products, integrated solutions for industrial applications for manufacturing industries, drives for process industries, intelligent infrastructure and buildings, efficient and clean power generation from fossil fuels and oil & gas applications, transmission and distribution of electrical energy for passenger and freight transportation, including rail vehicles, rail automation and rail electrification systems.[1]

Guidance scorecard · Q4 FY26 call

What Siemens Ltd's management guided
and where it ranks in Electrical Equipment

#49of 58 in
Electrical Equipment
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ4 FY26 call

10–20%
  • Overall economy deemed resilient with no current slowdown in private or public CapEx.
  • Strong growth in SI volumes: 17.5% quarter-on-quarter, 23% over six months, driven by electrification.
  • Robust order intake and revenue growth across segments despite inflation and currency depreciation.
  • Smart Infrastructure showing strong top-line momentum with 14.5% revenue increase in Q6 and 11.6% over six months, driven by power utilities, renewables, and data centres.
  • Mobility business ramping up with 12.7% Q6 revenue growth; strong order inflow for locomotives and bogies.
  • Digital Industries showing moderate order intake and 14.35% revenue growth in Q6, with growth in metals, mining, cement, pharma, food & beverages, and automotive sectors.
  • Private sector CapEx growth expected around 8-10%.

2 more points from Siemens Ltd's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what Siemens Ltd said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • Medium voltage (MV) and vacuum interrupter plant in Goa is nearing completion and expected to come to commercial production with expanded capacities soon.
  • Localization efforts ongoing in Mobility (signaling, rolling stock, locomotives, bogies) and some initial localization in Digital Industries (DI).
  • CapEx programs focus on expanding manufacturing capacity and localization to improve margins and reduce imports.

2 more points from Siemens Ltd's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

See what Siemens Ltd said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Rising
  • Siemens Limited's order backlog stands at approximately ₹45,000 crore.
  • The bogie order forms a significant part of this order book, estimated around ₹23,000-24,000 crore.
  • The data centre segment constitutes about 12-15% of the order backlog.
  • Locomotive contracts show steady deliveries, with 40 locos delivered in the Jan-Mar quarter and an expected ramp-up to 80 in the current fiscal.
  • Metro opportunities remain large, with ongoing discussions about electrification, signalling, and rolling stock orders.
  • Despite inflation and rupee depreciation concerns, there is no current visible slowdown in public or private CapEx projects.

2 more points from Siemens Ltd's call on the order book

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Full Q4 FY26 analysis
Full Electrical Equipment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Siemens Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹72,673 Cr18.1
240%+Up 2%+₹21,700 Cr158.1
340%+Up 2%+₹491 Cr12.2
440%+Up 0–2%₹12,434 Cr48.4
540%+Up 0–2%₹2,042 Cr35.4
640%+Up 0–2%₹529 Cr7.0

Sign up free to see every company in the sector ranking and track Siemens Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

Financials of Siemens Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Siemens Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +4,8584,8735,8083,7104,1523,7634,4573,3604,0294,3474,9003,8314,618
Expenses +4,2374,3075,1083,2563,5163,2773,9122,9743,5843,8254,2913,4094,174
Operating Profit621567700453637485545387445521609422444
OPM %13%12%12%12%15%13%12%12%11%12%12%11%10%
Other Income +11713214625647929854442334112412619116
Interest10453215183254614
Depreciation78887960637062666671697174
Profit before tax6496077626461,0327091,009740718570662364472
Tax %27%25%25%22%22%18%18%17%19%26%27%24%21%
Net Profit +472456572506803578831615582423485278370
EPS in Rs13.2412.7916.0414.1922.5416.2223.3317.2516.3411.8813.627.7910.39

Financials of Siemens Ltd

Profit & Loss

Annual income statement trend

Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025Mar 2026
Sales +10,56310,83711,06512,79513,0849,94613,19816,13819,55422,24017,36424,846
Expenses +9,5659,81510,00811,46811,5948,94411,74614,27817,06719,13615,35722,021
Operating Profit9981,0211,0561,3271,4901,0031,4521,8602,4873,1042,0072,824
OPM %9%9%10%10%11%10%11%12%13%14%12%11%
Other Income +9433,1568182803983153214874969259871,149
Interest3011881230243623601534
Depreciation224228198198199252297317321330280415
Profit before tax1,6883,9381,6691,4021,6781,0361,4521,9932,6403,6392,6993,525
Tax %30%26%32%36%34%26%25%23%26%25%22%22%
Net Profit +1,1742,9141,1379011,0997691,0891,5431,9622,7182,1062,754
EPS in Rs32.9881.8231.9225.3130.8721.5830.5743.3355.0776.2959.0977.27
Dividend Payout %30%41%22%28%23%32%26%23%18%16%0%0%

Financials of Siemens Ltd

Balance Sheet

Capital structure and asset base

Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025Mar 2026
Equity Capital717171717171717171717171
Reserves5,0466,7327,6198,2288,9789,42110,27611,53913,01615,28613,15613,769
Borrowings +252500004182175279145310
Other Liabilities +5,4335,1575,4486,0376,3096,3687,6648,3178,3849,6636,6167,150
Total Liabilities10,57611,98613,13814,33615,35815,86018,01520,10921,64625,29919,98921,301
Fixed Assets +1,3941,2271,3651,3811,2191,1963,2643,1073,0383,1122,6412,786
CWIP3279143625888355250103206249
Investments1141100000311111
Other Assets +9,03710,57011,63012,89314,08114,57614,71316,94918,55622,08217,14118,264
Total Assets10,57611,98613,13814,33615,35815,86018,01520,10921,64625,29919,98921,301

Financials of Siemens Ltd

Cash Flows

Operating, investing and financing cash movement

Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025Mar 2026
Cash from Operating Activity +5745135731001,2737201,4229781,4001,670375
Cash from Investing Activity +6462371,321-174-1,135871-2,389-34-759-5023,120
Cash from Financing Activity +-245-1,614-285-305-312-386-502-392-450-523-3,186
Net Cash Flow975-8641,610-379-1741,205-1,469552191644310
Free Cash Flow318513902-791,2597101,3158471,3341,5672
CFO/OP81%85%131%52%127%102%124%81%89%81%64%

Financials of Siemens Ltd

Ratios

Working capital efficiency and return ratios

Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025Mar 2026
Debtor Days1051021131051061151028671726357
Inventory Days69697074731011049995936660
Days Payable17315018219621525121418615216612494
Cash Conversion Cycle1211-17-36-36-8-014-1523
Working Capital Days193134494442311631285568
ROCE %19%16%15%18%19%11%14%16%21%24%16%21%

Guidance history

How Siemens Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →10–20%FlatPlanned—Rising
Q2 FY26 call →10–20%FlatPlanned—Rising
Q2 FY25 call →10–20%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

25out of 100

Momentum score · price trend

25 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+6.9%66%
Last 6 months−11.6%34%
Last 3 months−8.0%46%

The price is 25.6% below its all-time high of ₹4,521.89 (5 Jul 2024). Stocks more than 20% below their peak have their score halved, so 49 became 25.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Siemens Ltd: 0.4 × 66 + 0.4 × 34 + 0.2 × 46 = 49, halved to 25 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Siemens Ltd's management said in earlier quarters

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