Strong ordering across verticals, outlook positive; retaining a Buy
Its order-booking stint, which grew ~63% y/y in H1 FY22, continued, taking Siemens OB to a record ~Rs172bn (up 35.5% y/y). Optimism on the pace of its ordering is bright, led by investments (brownfield, greenfield) in various categories like data centres, railways, cement, steel, water, T&D, real estate, other industries. This is further supported by companies’ sustainability focus. Q2 FY22 revenue, though largel...
Buy Siemens Ltd For Target Rs.2,752 - Anand Rathi
Growth prospects remain strong, healthy...
We recently attended the analyst meet of Siemens Ltd (Siemens). The order opportunity pipeline remains healthy across segments with solar, Statcoms, power evacuation, GIS substations as TBCB gaining momentum and good traction in waste heat recovery (WHR) plants from private customers in steel, cement, chemical, fertiliser, etc. In smart infrastructure, a lot of traction is seen in data centres, hospitals, building management systems, low voltage p...
Buy Siemens Ltd For Target Rs. 2390 - ICICI Direct
Overall strong performance on all fronts...
Siemens Ltd (Siemens) reported consolidated revenue at | 3483.7 crore, up 22.8% YoY amid a low base. Gas & power, smart infrastructure, digital industries, mobility segments contributed ~34%, ~32%, 22%, 7%, respectively. EBITDA came in at | 457.8 crore with EBITDA margin of 13.1% (vs. | 8.5% in Q2FY20) supported by reduced employee and other expenses. Sequentially, EBITDA margins improved 60 bps. PAT came in at | 321.9 crore, up 83% YoY on a ...
Buy Siemens Ltd For Target Rs. 2295 - ICICI Direct