June 19, 2025 | Mumbai
Siemens Energy India made a robust debut on the Indian stock exchanges on Thursday, following the demerger of Siemens Ltd.’s power transmission and distribution (T&D) business. The shares opened at ₹2,840 on NSE-a strong 14% premium over the discovery price of ₹2,478.20-and immediately hit the 5% upper circuit limit of ₹2,982. On the BSE, the stock debuted at ₹2,850 and hit an upper circuit of ₹2,992.45 within minutes of listing.
What Triggered Siemens Energy India’s Surge?
The listing marks a significant milestone for the Siemens Group in India, as the pure-play T&D business emerges independently after the April 7, 2025, demerger. Siemens Energy is now positioned as India’s largest listed T&D equipment provider, according to Jefferies.
Brokerage Ratings: Is Siemens Energy a Buy?
Several leading brokerages have assigned a ‘Buy’ rating to Siemens Energy India post-listing, citing its strong fundamentals, expanding margins, and massive addressable market.
Jefferies: Target ₹3,700
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Predicts 40% EPS CAGR FY24–27E
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Strong leverage potential due to <60% T&D capacity utilisation
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Backed by $100 billion+ transmission capex pipeline
Motilal Oswal: Target ₹3,000
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Expects 25% revenue CAGR and 31% PAT CAGR FY25-27
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Projected EBITDA margin to expand to 21.4% by FY27
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Assigns 60x P/E multiple on FY27 estimates
HDFC Securities: Target ₹3,000
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Models 30% PAT CAGR FY25-27
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Highlights strong order pipeline and market leadership
Antique Stock Broking: Target ₹3,179
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Values stock at 65x FY27E EPS
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Forecasts revenue growth of 19%, EBITDA 30%, and PAT 35% CAGR FY24-27
Strong Order Book Supports Bullish Outlook
As of March 1, 2025, Siemens Energy India had an order book of ₹15,100 crore, nearly 2.4x its FY24 revenue, with order inflows already reaching ₹5,100 crore in the first five months of FY25.
Should You Buy Siemens Energy Shares Now?
Given:
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Attractive listing performance
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Positive outlook on India’s infrastructure and power sector
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Consistent ‘Buy’ calls from top brokerages
Siemens Energy India may present a compelling long-term investment opportunity. However, investors should monitor valuation levels, execution timelines, and macro policy changes in the power T&D sector.
