Siemens Ltd., included within the yr 1957, is a Giant Cap firm (having a market cap of Rs 94371.87 Crore) working in Engineering sector.
Siemens Ltd. key Merchandise/Income Segments embrace Engineering Items, Revenue from Challenge Growth, Sale of companies, Different Working Income, Rental Revenue, Export Incentives and Fee for the yr ending 30-Sep-2021.
Financials
For the quarter ended 31-03-2022, the corporate reported a Consolidated Whole Revenue of Rs 4021.50 Crore, up 11.40 % from final quarter Whole Revenue of Rs 3610 Crore and up 13.60 % from final yr similar quarter Whole Revenue of Rs 3540 Crore. Firm reported internet revenue after tax of Rs 340 Crore in newest quarter.
Funding Rationale
Siemens India Ltd (SIL) delivered Q3FY22 income/EBITDA/PAT of INR 39/3.8/3bn, beating/(lacking) estimate by 15/(10)/(3)%. The impact of the provision chain disruption and excessive inflation was seen with gross margin contracting 100/15bps YoY/QoQ. Larger-than-expected different bills (219/344bps growth YoY/QoQ) led to an EBITDA margin miss (9.7%, sequential contraction of 270bps, vs. estimate of 12.3%). General, order influx (OI) for the quarter was sturdy at INR 50bn (+15%/-7% YoY/QoQ), taking the order e-book (OB) to an all-time excessive of INR 179bn. Decarbonisation as a theme is triggering new brownfield Capex in order to scale back carbon footprint and enhance effectivity.
stands to learn from such ordering. It has recalibrated estimates to consider a robust order e-book and inflationary influence. It maintains ADD score on SIL, with an elevated TP of INR 2,882 (rolled over to 46x Jun-24 EPS). World headwinds and tapering Capex stay the important thing dangers to our thesis.
Promoter/FII Holdings
Promoters held 75.0 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 5.42 per cent, DIIs 9.64 per cent.
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