Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 77320.83 Crore) operating in Engineering sector.
Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 4358.30 Crore, up 46.05 % from last quarter Total Income of Rs 2984.20 Crore and up 20.75 % from last year same quarter Total Income of Rs 3609.30 Crore. Company has reported net profit after tax of Rs 321.60 Crore in latest quarter.
Investment Rationale
Green shoots in sectors like pharma, food & beverage, data centre, etc. will support base orders. However, given the cost pressures and rich valuations, the brokerage maintains HOLD on the stock. It values it by the SoTP methodology assigning P/E multiples to FY23E core PAT for each individual segment. Post this, the brokerage adds back the cash. It has also accounted for C&S Electric separately. It arrives at an SoTP-based target price of Rs2,251 (previously: Rs2,138).
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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