External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Prabhudas Lilladher's research report onSiemens We revise our SY24/25E EPS estimates by +7.1%/13.4% factoring in robust intake &amp; execution and much better profitability.</li><li>Siemens (SIEM) reported healthy revenue growth of 18.4% YoY and EBITDA margin expansion of 249bps YoY.</li><li>The board approved demerger of Energy business into a separate listed entity, which will unlock value in both entities by allowing each to focus on its respective market &amp; core portfolio.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Prabhudas Lilladher's research report onSiemens We revise our SY24/25E EPS estimates by +7.1%/13.4% factoring in robust intake &amp; execution and much better profitability.Siemens (SIEM) reported healthy revenue growth of 18.4% YoY and EBITDA margin expansion of 249bps YoY.The board approved demerger of Energy business into a separate listed entity, which will unlock value in both entities by allowing each to focus on its respective market &amp; core portfolio.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Siemens (SIEM IN) - Strong Q2; Long-Term Outlook Remains Robust

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Siemens Ltd (Siemens) is a leader in technology solutions for smart, intelligent, building technologies, mobility, digital industries and power T&amp;D.</li><li>It operates mainly in five key segments including energy/gas &amp; power (34%), smart infrastructure (33%), digital industries (22%), mobility (7%)</li><li>Well placed to gain from the overall energy market transformation from electrification to automation and digitization.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Siemens Ltd (Siemens) is a leader in technology solutions for smart, intelligent, building technologies, mobility, digital industries and power T&amp;D.It operates mainly in five key segments including energy/gas &amp; power (34%), smart infrastructure (33%), digital industries (22%), mobility (7%)Well placed to gain from the overall energy market transformation from electrification to automation and digitization.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Siemens Ltd (Siemens) - Decent Performance…

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Siemens: Siemens India Ltd (SIL) delivered Q4FY22 revenue/EBITDA/APAT of INR 43.3/4.7/3.9bn, beating/ (missing) our estimate by (2.4)/(7)/0.2%</li><li>Despite inflationary headwinds, better pricing led to an EBITDA margin of 10.8%(+12/+116bps YoY/QoQ) vs our estimate of 11.4%%</li><li>Overall, the order inflow (OI) for the quarter was strong at INR 40.1bn (+25.3/-19.6% YoY/QoQ), taking the order book (OB) to INR 171.8bn (~1.2x FY22 revenue)</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Siemens: Siemens India Ltd (SIL) delivered Q4FY22 revenue/EBITDA/APAT of INR 43.3/4.7/3.9bn, beating/ (missing) our estimate by (2.4)/(7)/0.2%Despite inflationary headwinds, better pricing led to an EBITDA margin of 10.8%(+12/+116bps YoY/QoQ) vs our estimate of 11.4%%Overall, the order inflow (OI) for the quarter was strong at INR 40.1bn (+25.3/-19.6% YoY/QoQ), taking the order book (OB) to INR 171.8bn (~1.2x FY22 revenue)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<div><div><div><ul><li>Q2FY22 highlights: Revenue: INR 36.3bn (+8.2%/+12% YoY/QoQ, 8.3% miss) driven largely by the digital industries (DI), energy (SE), mobility (MO) and smart infra (SI).</li></ul><div><div><div><ul><li>All segments other than mobility recorded sequential growth with SE/ SI/DI/portfolio companies/others recording sequential growth of 9.8%/21%/- 10%/11%/18%80% respectively.</li><li>EBITDA: INR 4.5bn (+0.9%/+34.2% YoY/QoQ, 0.6% miss). <span style="font-size: var(--content-font-size);">EBITDA margin: 12.3%(-88/+203bps YoY/QoQ) vs. estimate of 11.3%.</span></li></ul></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Q2FY22 highlights: Revenue: INR 36.3bn (+8.2%/+12% YoY/QoQ, 8.3% miss) driven largely by the digital industries (DI), energy (SE), mobility (MO) and smart infra (SI).All segments other than mobility recorded sequential growth with SE/ SI/DI/portfolio companies/others recording sequential growth of 9.8%/21%/- 10%/11%/18%80% respectively.EBITDA: INR 4.5bn (+0.9%/+34.2% YoY/QoQ, 0.6% miss). EBITDA margin: 12.3%(-88/+203bps YoY/QoQ) vs. estimate of 11.3%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul>
<li>SIL delivered revenue/EBITDA/APAT beat of 12/(6)/(0.2)%. Higher commodity prices and logistics costs resulted in EBITDA margin miss</li>
<li>Digitalisation is accelerating, which, along with product orders and higher share of private sector in the mix, will help margins re-rate</li>
<li>We maintain REDUCE on SIL but increase TP to INR 2,035/sh (from INR 2,019/sh earlier)</li>
</ul>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>


SIL delivered revenue/EBITDA/APAT beat of 12/(6)/(0.2)%. Higher commodity prices and logistics costs resulted in EBITDA margin miss
Digitalisation is accelerating, which, along with product orders and higher share of private sector in the mix, will help margins re-rate
We maintain REDUCE on SIL but increase TP to INR 2,035/sh (from INR 2,019/sh earlier)

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Siemens Ltd. has its operations in various areas: in the transportation sector it delivers high speed trains, in the lighting sector it manufactures small light bulbs. In the healthcare sector Siemens executes complete solutions for hospitals, for the industry sector it builds airports as well as produces contracts & for the communication segment it provides public network to mobiles.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Siemens Ltd (SIEM IN)

Siemens (SIEM IN) - Strong Q2; Long-Term Outlook Remains Robust

Prabhudas Lilladher's research report onSiemens We revise our SY24/25E EPS estimates by +7.1%/13.4% factoring in robust intake & execution and much...

Prabhudas Lilladhar

Siemens Ltd (Siemens) - Decent Performance…

Siemens Ltd (Siemens) is a leader in technology solutions for smart, intelligent, building technologies, mobility, digital industries and power T&D.

ICICI Securities Limited

Siemens - Strong Performance

Siemens: Siemens India Ltd (SIL) delivered Q4FY22 revenue/EBITDA/APAT of INR 43.3/4.7/3.9bn, beating/ (missing) our estimate by (2.4)/(7)/0.2%

HDFC Securities

Siemens - Robust Topline Growth

Siemens India Ltd (SIL) delivered Q2FY22 revenue/EBITDA of INR 36.3/4.5bn (8.3%/0.6% miss), impacted marginally by COVID-19 and supply chain...

HDFC Securities

Siemens: In-Line Performance

We maintain REDUCE on SIL but increase TP to INR 2,035/sh (from INR 2,019/sh earlier). We believe that the current punchy valuation limits any...

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)