Time period given by analyst is one year when Siemens Ltd. price can reach defined target. Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 73496.10 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
SIEM’s conventional perception of infra proxy is undergoing material transformation with significant change in its business model and expanding footprint. The brokerage retains ‘BUY/SO’ with revised TP of INR2,360 (INR2,095 earlier) as it revises up FY22/23E EPS ~10% each given better growth/OPMs rolling forward to Dec 2022.
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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