Siemens Ltd (SIEMENS)
₹2770.8▲1.34%
Key Stats
₹2702.5
Day's Price Range
₹2786.2
₹2021
52-Week Price Range
₹3138.5
| Returns | |
| 1 Month Return | -6.41 % |
| 3 Month Return | 13.57 % |
| 1 Year Return | 28.38 % |
Company Financials
Value in ₹ crore
Peer Comparsion
PE
Rank 6
80.31
EPS
Rank 3
₹34.04
BVPS
Rank 2
₹290.7
Dividend Yield
Rank 7
0.38%
ROE
Rank 7
11.13%
Price To Book Ratio
Rank 5
9.4
Debt To Asset
Rank 6
0.43
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Company Information
Siemens Limited focuses on the areas of electrification automation and digitalization. It is one of the leading producers of technologies for combined cycle turbines for power generation power transmission and distribution solutions infrastructure solutions for Smart Cities and transportation automation and software solutions for industry and also supplier of healthcare equipments. Siemens Limited has 21 factories located across India and a nationwide sales and service network. Siemens Limited in which Siemens AG Germany holds 75 of the capital is the flagship listed company of Siemens AG in India.Siemens Ltd was incorporated in the year 1957 as Siemens Engineering and Manufacturing Company of India Pvt Ltd. In March 1957 the company entered into a collaboration agreement with two foreign companies viz. Siemens Halske AG and Siemens Schuckertwerke AG of West Germany. In the year 1966 the name of the Siemens Halske AG was changed to Siemens AG and at the same time it took over the manufacturing and business activities of SiemensSchuckertwerke AG and SiemensReinigerWerke AG. The name of the company was changed in the year 1967 from Siemens Engineering Manufacturing Company of India Ltd to Siemens India Ltd. In the year 1970 SiemensReinigerWerke AG and SiemensSchuckertwerke AG were merged with Siemens AG. In the year 1985 the company incorporated a subsidiary company namely Siemens Communication Systems Pvt Ltd to undertake the manufacture of certain items of Telecommunication equipment for export purposes.In the year 1987 the company established a software centre at the head office in Mumbai to cater to the software package requirements of the control and automation systems and also to tap the export market. In the year 1990 the company undertook a project to set up a plant at Waluj in Aurangabad district of Maharashtra for the manufacture of switchgears and miniature circuit breakers. In the year 1991 the Medical engineering division launched a mobile Carm image intensifier system saving valuable foreign exchange. Also the motors drives and automation division launched the microprocessor based modular drives for AC and DC applications microprocessor based digital uninterrupted power supply and micro PLC Simatic 90U. The name of Siemens Communication Systems Pvt Ltd was changed to Siemens Information Systems LtdIn the year 1993 the company introduced Stateoftheart advanced process control system at Nashik in order to meet stringent control requirements of chemical and petrochemical industries. In the year 1994 the company signed an MoU with Asia Chip Card Singapore and Semiconductor Corp Ltd to enter into the smart card business. In the year 1996 the company suffered by loss due to discontinuous of the operations of the Telecommunications division. In the year 1998 Siemens Public Communications a 70:30 joint venture company between Siemens Germany and Siemens Ltd India were formed. Siemens Telecom Ltd a joint venture between Siemens and Bharti Telecom formally launched their Euroset and Emerald series of phones at Bangalore. In the year 1999 the company set up Unisphere Solutions Inc to target leadership in the converged voice and data and Internet networking solutions. In the year 2000 they launched total hotel solutions for the hospitality industry to cater to the growing needs of the corporate travelers. They launched their new line of information and communication solutions Hicom 150 E Office and ESL8i targeted at small and medium enterprises. In the year 2001 Siemens Information Systems Ltd a wholly owned subsidiary company signed a partnership contract with Avraham Goldratt Institute of USA AGI. The company introduced different models of mobile phones which cover various features in each. In the year 2004 the company bagged order worth Rs 4830 million from the Ministry of Railways. Also Bosch inked pact with Siemens to roll out refrigerators. Also the company made a strategic alliance with Aethra Telecomunicazioni Italy to offer a range of video and audio conferencing solutions in India. In the year 2006 the company made an alliance with Huawei3Com to offer high performance networks to Indian enterprises. In the year 2007 the company acquired a 77 of stake in iMetrex Technologies Ltd which is a leading provider of products and solutions in the areas of electronic security safety and building automation systems. In September 2007 the company acquired the balance 26 stake in Siemens Industrial Turbomachinery Services Pvt. Ltd. SITS from Pimac Engineers Pvt. Ltd. In November 2007 the company bagged an order worth of Rs 870 million Rs 87 crore from McNally Bharat Engineers Pvt Ltd for supplying electricals for Rashtriya Ispat Nigam Ltds new Sinter Plant at Vizag.In January 2008 the company and the Government of Maharashtra signed a Letter of Understanding to support companys expansion plans in the State. In April 2008 the company took over Morgan Construction Co. the rolling mill specialist based in Worcester Massachusetts USA. In May 2008 the companys Medical Solutions installed Asias first high definition positron emission tomography HD PET. This highend equipment is installed at Piramal Diagnostics formerly Wellspring Mumbai.During the year 200910 as per the scheme of amalgamation Flender Ltd a wholly owned subsidiary of the company was amalgamated with the company with effect from October 1 2009. In January 8 2010 the company acquired the balance 13.85 stake Siemens Building Technologies Pvt Ltd Chennai SBTPL comprising of 517209 Equity Shares of Rs 10 each from the promoters of SBTPL for a consideration of Rs 702.51 million. With this acquisition SBTPL became a wholly owned subsidiary of the company.During the year 201011 the company created a new Sector Infrastructure Cities in line with Siemens global strategy and in order to achieve better portfolio synergy. The new sector will offer solutions to the cities for mobility environmental protection and energy savings. This sector will be having five divisions Mobility Rail System Low Medium Voltage Smart Grid and Building Technologies and these divisions will work closer to their target markets and develop additional business opportunities in the growing market of cities.During the year as per the scheme of amalgamation Siemens Building Technologies Pvt Ltd and Vista a wholly owned subsidiary of SBTPL were amalgamated with the company with effect from October 1 2010. Consequent to the amalgamation of SBTPL the three subsidiaries of SBTPL i.e. iMetrex Technologies Ltd. Ireland ITL Europlex Technologies UK Ltd. UK ET UK and Europlex Technologies Ireland Ltd. Ireland ET IL became subsidiaries of the company. During the year ITL ET UK ET IL were sold to Siemens Schweiz AG Switzerland a subsidiary of Siemens AG for a total consideration of Euro 2.95 millionDuring the year as per the scheme of amalgamation Siemens Healthcare Diagnostics Ltd was amalgamated with the company with effect from March 14 2011. In April 2011 Siemens Rolling Stock Pvt Ltd a wholly owned subsidiary of the company was amalgamated with the company with effect from October 1 2009. In September 2011 the company received an order from Siemens AG valued at Rs 294.50 crore for a transmission project of Power Grid of Corporation of Bangladesh. The completion period is 24 months. The company has approved the amalgamation of Siemens VAI Metals Technologies Pvt Ltd Kolkata SVAI a 100 Siemens AG Company and Morgan Construction Company India Pvt Ltd Mumbai Morgan a wholly owned subsidiary of SVAI with the company. The appointed date was fixed as October 1 2011.In 2012 The Company won contract to modernize electricity distribution system for Maharashtra State Electricity Distribution Company. The company inked contract with PGCIL to construct 765 kV test lab in Bina MP. The Company started operations in two greenfield factor in Goa. In 2013 Siemens launches SIMATIC S71500 with TIA Portal. Siemens installs Asias first SOMATOM Definition Edge CT scanner at PSG Hospitals Coimbatore. Siemens Limited wins contract to build first private sectorfunded GIS substation in Bangladesh. Siemens wins order to modernize Korba StageII plant of NTPC. Siemens wins repeat order for Gurgaon Metro South Extension project. Siemens Corporate Citizenship Film Runnerup at Global Sustainability Awards. Siemenspowered Rapid Metro Rail Gurgaon begins operations. Siemens inaugurates StateoftheArt Test Center for Motors. Siemens installs SOMATOM Perspective 128 slice CT scanner at SRL DiagnosticsSpeedscans Surat. Siemens introduces cuttingedge patient care technology with two new solutions Biograph mCT Flow Symbia Intevo.In 2014 the company launches bestfit controller for midsized DCS market. AS 410 SMART. The company also launches optimized servo drive system for motion control applications. The company installs worlds longest lab automation track at Thyrocare. The company Installs Indias First Ultrasound System with Wireless Transducers at K.G. Hospital Coimbatore. The company bags orders from Reliance Industries for supply of steam turbines. The company successfully delivers 1200kV CVT to National Test Station Power Grid. The company wins international recognition for its motors manufactured in India. The company wins order worth Rs 317 crores from Bihar Grid Company Ltd. The company surpasses 100000 milestone for energyefficient industrial motors.In 2015 the company has bagged orders worth Rs 450 crore from Varanasibased Diesel Locomotive Works. The company wins Rs. 55 crore order for High Voltage Circuit Breakers from Algeria. The company wins order worth Rs. 123 crore from Power Grid Company of Bangladesh. The Company has received an order worth Rs 67 crore for supply of high voltage gas insulated switchgear from Larsen and Toubro. The company has powers cities across three states Punjab Uttarakhand and Haryana with Smart Grid solutions. The company wins order worth Rs. 81 crore from Diesel Locomotive Works. The company has received an order of Rs 79 crore from Pune based wind turbine supplier Suzlon Energy Limited. ILFS GIFTCL sign MoU with the company to develop Smart Mobility Solutions for GIFT. The company has opened up a global skill centre for occupational safety in Mumbai in collaboration with TUV Rheinland India.On 13 October 2015 Siemens announced that together with its parent company Siemens AG Germany it has won an order totalling approximately Rs 183 crore from NTPC. The component of Siemens Ltd. in the order is approximately Rs 97 crore. The scope of the works includes modernization as well as maintenance of Controls and Instrumentation at NTPCs Dadri Power Gas Station.On 7 December 2015 Siemens announced that it has won a crucial order approximately worth Rs 377 crore from Indian Railways Diesel Locomotive Works DLW Varanasi. The scope of work for the project involves supply of 1890 Traction Motors for 4500 HP Diesel Electric Locomotives. The Traction Motors will be produced at Kalwa Factory of Siemens Limited. On 10 December 2015 Siemens Ltd. announced that it has won an order worth approximately Rs 102 crore to supply a 400 kV Gas Insulated Switchgear GIS Substation to West Bengal State Electricity Transmission Company Limited WBSETCL. The scope of the order includes engineering supply installation and commissioning of the GIS Substation.On 22 January 2016 Siemens Ltd. announced that it has won a crucial order approximately worth Rs 112 crore from Rajasthan Rajya Vidyut Prasaran Nigam Limited a State Power Transmission Utility owned by Government of Rajasthan and headquartered in Jaipur. The scope of work for the project involves engineering supply installation testing and commissioning of 400 kv /220kV Air Insulated Substations.On 22 January 2016 Siemens Ltd. together with Siemens Malaysia announced that it has won a crucial order approximately worth Rs 155 crore from Malaysiabased PSI International one of the largest petrochemical companies of the world and a subsidiary of Petronas. The scope of work for the project involves supply of 420kV Gas Insulated Switchgear for PSI Internationals new petrochemical RAPID Greenfield project.The Board of Directors of Siemens at its meeting held on 4 March 2016 approved the sale and transfer of its Healthcare undertaking as a going concern on a slump sale basis for a sale consideration of Rs 3050 crore to Siemens Healthcare Private Limited a subsidiary of Siemens AG. This transaction follows Siemens AGs global strategy of managing its Healthcare business under a separatelymanaged company. Over 85 of Siemens Ltds Healthcare revenues are currently derived from products imported from parent Siemens AG. Significant management focus including investments will be needed in finding appropriate products and solutions to meet the growing demands of the Indian market. As there are limited synergies between the Healthcare and other businesses of Siemens Ltd this transaction will enable Siemens Ltd to increase its focus on and capital allocation to Power Generation Transmission and Distribution Mobility Industrial Automation and Smart Cities segments while enabling Siemens AG to further strengthen its focus on the Healthcare segment in India by aligning it with its global strategy and management framework.On 6 April 2016 Siemens announced that it has started dispatch of the largestever Made in India singlephase Generator StepUp GSU Transformer of rating 315 MVA 23.5kV/420kV for installation at NTPCs Kudgi Thermal Power Station in Bijapur Karnataka. This transformer is an essential component of the Power Station which once operational will boost the highcapacity power generation for the southern states of Karnataka Andhra Pradesh Tamil Nadu and Kerala. NTPC has ordered 10 units of these GSU transformers on Siemens. On 23 May 2016 Siemens announced that it has strengthened its partnership with Sri Lanka by signing a Memorandum of Understanding MoU with the Ministry of Megapolis and Western Development Sri Lanka to offer expertise and best practices from its globallyproven stateoftheart Sustainable Smart City solutions portfolio. The prime objective of the Ministry of Megapolis and Western Development is to bring systematic changes and development processes into the urban community in Sri Lanka which will ensure that the inhabitants of urban areas become a part of socioeconomic development of the country while maintaining high levels in quality of life. This will pave the way for making Sri Lanka a commercial naval and aviation hub of Asia.On 8 June 2016 Siemens Ltd. announced that together with Siemens Bangladesh Ltd. it has won an order worth approximately Rs 113 crore from Power Grid Company of Bangladesh Limited PGCB to design procure supply install test and commission 230/132kV Gas Insulated Switchgear Substation along with 225/300 MVA 132/33 KV and 50/75 MVA Transformers at Keraniganj within Dhaka.On 13 June 2016 Siemens Ltd. announced that it has won an order worth approximately Rs 78 crore from Power Grid Corporation of India Limited PGCIL to design supply install and commission 7 X 500MVA 765/400/33kV Phase Autotransformers at Bhuj.On 22 June 2016 Siemens Ltd. announced that it has won an order worth approximately Rs 83 crore from Indian Railways Diesel Locomotive Works DLW Varanasi. The order is to design supply and install 40 Alternating Current AC Traction Systems for dualcab high horsepower diesel engine locomotives. On 27 June 2016 Siemens Ltd. announced that it has won an order worth approximately Rs 570 crore to supply Static Synchronous Compensator STATCOM solutions to Power Grid Corporation of India Ltd. PGCIL. The scope of the order includes design engineering supply civil installation testing and commissioning of STATCOMs at four substation locations ofPGCIL: Ranchi Rourkela Kishenganj and Jeypore across the states of Bihar Jharkhand and Odisha. Cuttingedge technology from Siemens will result in the installation of one of the worlds largest STATCOM projects at 400 kV level with a dynamic swing range of 2000MVAr and 1250MVAr mechanically switched components. On 3 August 2016 Siemens Ltd. announced that it has received a crucial order worth approximately Rs 217 crore for Power Grid Company of Bangladesh Limited PGCB project from Siemens AG Germany to supply 400kV / 230 kV Switch Yard Equipments Reactors Power Transformers Fire Fighting Systems Airconditioning Systems Auxiliary Power System Building Management Systems Illumination Systems AC Control and Protections Engineering for Civil and Plant for 500 MW High Voltage Direct Current HVDC Station.The Board of Directors of Siemens at its meeting held on 5 December 2016 approved the sale and transfer of the companys business of engineering design and development services for global wind power business hereinafter referred to as SLWP Business to a subsidiary to be incorporated of Siemens Wind HoldCo Sociedad Limitada SA Spain which in turn is a subsidiary of Siemens AG Germany SAG as going concern on a slump sale basis with effect from 1 January 2017 for a cash consideration of Rs 7.5 crore. The SLWP Business consists providing engineering services exclusively for the component design of Towers Nacelle Hub and Generator to the Siemens Wind Power A/S Wind Power Division in terms of an annual contract on a cost plus mark up basis. On 13 January 2017 Siemens Ltd. announced that it has won an order worth approximately Rs 98 crore from Diesel Locomotive Works DLW to design supply and install 48 Alternating Current AC Traction systems for Dual Cab High Horsepower Diesel Engine locomotive for Indian Railways. The AC Traction systems will be produced at Nashik Factory of Siemens Limited. The systems have been developed based on the state of art Insulated Gate Bipolar Transistors IGBTs technologies. The principle benefit of IGBTs over Gate Turnoffthyristors GTOs is that it reduces the current required and therefore the heat generated giving smaller and lighter units.On 18 January 2017 Siemens Ltd announced the launch of its new range of energy efficient motor SIMOTICS 1LE7. The new SIMOTICS 1LE7 range of motors is the newest entrant in the existing range of motors offered by Siemens in India. These motors offer efficiency values higher than the IE3 standards which is currently the highest efficiency class as recognized by Indian Standards. On 24 January 2017 Siemens Ltd. announced that it has won an order worth approximately Rs 366 crore from Oil and Natural Gas Corporation Limited ONGC. The order includes supply of material for overhauling of 18 Power Turbines through Zero Hour Overhaul and Time Continued Overhaul. The Zero Hour Overhauling will be first of its kind in India and involves the overhaul of Power Turbines to zero hour status. Under the new concept of Zero Hour Overhaul the Power Turbine will perform almost as new capable of a safe run of another 100000 hours before the next overhaul. This will help in reducing downtime and increase in productivity because of elimination of atleast one intermediate overhaul.On 10 February 2017 Siemens Ltd. announced that it has won an order worth approximately Rs 101 crore from Delhi Transco Ltd. DTL. The order includes installing 220/66/33kV Gas Insulated Switchgear GIS substation at R.K. Puram New Delhi. DTL is the State Transmission Utility of New Delhi.On 16 February 2017 Siemens announced that it has received an order worth approximately Rs 119 crore from Sterlite Power Grid Ventures Ltd. for design engineering procurement manufacture supply and commissioning of equipment for 765/400kV Air Insulated Switchgear AIS Substation at Khandwa Madhya Pradesh and 765kV AIS Bay Extension Equipment at Dhule Maharashtra for Khargone Transmission Ltd. On 20 February 2017 Siemens announced that the company along with Siemens Rail Automation Ltd. S.A.U Spain has jointly won an order worth Rs 287 crore to supply stateoftheart signaling technology for the first two metro lines of the Nagpur Metro i.e. the NorthSouth and the EastWest Corridors. Siemens Limiteds share of the contract is Rs 146 crore all inclusive.The project comprises the deployment and installation of the Siemens communicationsbased train control CBTC solution Trainguard MT for 38.2 kilometers of double track with 36 stations and two depots as well as onboard equipment for 23 threecars trains.On 23 March 2017 Siemens announced that it has won an order worth approximately Rs 187.4 crore from Bangladesh Rural Electrification Board BREB Dhaka. The project includes construction of new 33/11 kV Air Insulated Switchgear substations in Dhaka Chittagong and Sylhet. BREB is an electricity distribution provider under the Government of Bangladesh responsible for providing electricity to the rural parts of Bangladesh. The project is part of BREBs efforts to upgrade the countrys rural electricity distribution system and will contribute to accomplishing the Government of Bangladeshs Vision of Electricity for All by 2021.On 29 March 2017 Siemens announced that that a consortium of the company and Sumitomo Electric Industries Ltd. has been awarded an order from Power Grid Corporation of India the central transmission utility of India to supply a highvoltage direct current HVDC transmission system. The total size of the order won by the consortium is US 520 million of which the share of Siemens is approximately Rs 1682 crore. The about 200kilometerlong HVDC connection will be Indias first direct current link using voltage sourced converter VSC technology.On 11 May 2017 Siemens informed the stock exchanges that an internal investigation by the company has revealed that as a result of a collusion between certain employees through the use of fake purchase orders and related documentation and the failure of some other employees to adequately discharge their responsibilities under the internal financial control procedures laid down by the company a fraud spread over several years prior to 31 March 2011 has been perpetrated on the company the estimated impact of which is Rs 19 crore. Appropriate disciplinary action has been taken against the concerned employees and such further action in the matter as may be considered necessary is under consideration of the companys Board of Directors. On 25 September 2017 Siemens announced that it has transferred and assigned its leasehold interest in the property located at Plot No. 130 Pandurang Budhkar Marg Worli Mumbai to Whispering Heights Real Estate Private Limited a joint venture entity of Reco Solis Pte. Ltd. an affiliate of GIC Singapore and the K. Raheja Corp Group for a total consideration of Rs 610 crore. Earlier on 30 December 2016 Siemens and Whispering Heights Real Estate Private Limited executed a Memorandum of Understanding for the transfer and assignment of Siemens leasehold interest in the Property located at Plot No. 130 Pandurang Budhkar Marg Worli Mumbai for a total consideration of Rs 610 crore in favour of the proposed assignee. The Board of Directors of Siemens at its meeting held on 21 February 2018 agreed inprinciple to sell its Mobility Division and Rail Traction Drives business included in Process Industries and Drives Division which provides products and services to Mobility Division as also its wholly owned subsidiary Siemens Rail Automation Private Limited to the parent company Siemens AG Germany SAG or its subsidiary. The Mobility Division accounts for 10.46 of the turnover and 2.82 of the capital employed of the company for the year ended 30 September 2017. The Board also agreed inprinciple to sell its Mechanical Drives business included in Process Industries and Drives Division to SAG or its subsidiary. The Mechanical Drives business accounts for 4.69 of the turnover of the company for the year ended 30 September 2017. In this regard after due deliberations the Board of Directors at its Meeting held on 07August 2019 decided not to pursue the aforesaid matters for the time being.During the FY2018new orders were down by 5.6 at Rs 127404 million as against Rs 135030 million in the previous financial year.During financial year 2019 New Orders increased by 3.9 at Rs 132377 million compared to Rs 127404 million in financial year 2018.The Company won awards from Brandon Hall Group Gold Award in Best Advance in Corporate Culture Transformation and Bronze Award in Best Advance in Measuring Impact of Leadership Development categories. It also received the TISS LeapVault CLO 2019 Gold Award for The Best Leadership Development Program. During the FY2020 the Company has entered into definitive agreements for the acquisition of 99.22 approx. of the paidup Equity Share capital of CS Electric Limited from its Promoters at a price of Rs 21200 million on a cash free / debt free basis and subject to other adjustments that are mutually agreed between the parties to the transaction. In this regard approval from Competition Commission of India has since been received. The proposed acquisition is still subject to receipt of other approvals and fulfilment of condition precedents as agreed between the parties. The Board of Directors of the Company at its Meeting held on 26 August 2020 approved the sale and transfer of the Companys Mechanical Drives MD Business to Flender Drives Private Limited a subsidiary of Flender GmbH which in turn is a subsidiary of Siemens AG as a going concern on a slump sale basis with effect from 01 January 2021 subject to receipt of requisite statutory and regulatory approvals as applicable and fulfilment of condition precedents as agreed between the parties for a cash consideration of Rs 4400 million subject to adjustment for the change in net current assets and capital expenditure subsequent to 30 June 2020 upto the date of actual transfer of the MD Business.During financial year 2020 New Orders reduced by 13.8 at Rs 107517 million compared to Rs 124744 million in financial year 2019.Following the nationwide lockdown from 24 March 2020 announced by the Government of India the Companys manufacturing operations were temporarily halted and project sites closed. With an easing of the nationwide lockdown in May the supply chain and distribution channels continued to be disrupted impacting the Companys factory and project operations. There were also challenges due to delays in clearance of import shipments at seaports and airports. However capacity utilization and product offtake from the Companys factories improved towards the end of the financial year 2020. The Company also had to incur incremental Health Safety costs to prepare factories and project sites for reopening. On 01 January 2021 the Company divested its Mechanical Drives MD business as a going concern on a slump sale basis to Flender Drives Private Limited for a final consideration of Rs. 3759 million after adjusting the consideration of Rs 4400 million for changes in net current assets and capital expenditure as per the terms and conditions agreed between the parties.On 01 March 2021 the Company acquired 99.22 equity share capital of CS Electric Limited from its promoters for a consideration of Rs. 21588 million on cash free / debt free basis on terms and conditions that are mutually agreed between the parties to the transaction.
| Organisation | Siemens Ltd |
| Headquarters | Mumbai |
| Industry | Capital Goods - Electrical Equipment |