Siemens Energy Gets 'Buy' Rating As HDFC Securities Initiates Coverage

Siemens Energy benefits from India’s decarbonization story as, post de-merger from Siemens Ltd. in April 2025, the focus will be to introduce new products and services under the parent Siemens Energy’s umbrella..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Institutional Equities.Siemens Energy India Ltd. captures the maximum value among its peers as it has products/solutions covering a larger market size, viz., decarbonization, power generation, power evacuation, grid automation, EPC services, and clean energy like green hydrogen and battery storage. Over the years, this has been a highly profitable business for Siemens India which has clocked 22.6% Ebitda margin during H1 FY25 (five months). With the demerger, Siemens Energy becomes a power pureplay with exclusive rights for some South Asia countries (Bhutan, Nepal, Sri Lanka, and Maldives). New business lines viz. PEM electrolyzer, hydrogen blend fired gas turbines, and battery storage solutions will aid long-term growth as parent company has developed these technologies. Siemens Energy’s robust order backlog of Rs 150 billion (2.1x FY25E revenue) lends strong growth visibility; we model 30% FY25-27E PAT CAGR. Given the strong cash flows, robust order book, limited competitive intensity, and export opportunities, we rate Siemens Energy as a Buy with a target price of Rs 3,000/share (60 times Sep-27E EPS, P/E in line with our Hitachi Energy multiple)..Click on the attachment to read the full report:.Siemens Energy Gets Approval From BSE, NSE For Listing On June 19.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Siemens Energy Gets 'Buy' Rating As HDFC Securities Initiates Coverage

Siemens Energy’s robust order backlog of Rs 150 billion lends strong growth visibility, adds HDFC Securities.

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