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Siemens Ltd

SIEMENS

NSE

₹3,420.60-5.59%21 Oct 2026

Reports

Capital Goods Electric General

Siemens Ltd

SIEMENS

NSE

₹3,420.60

-5.59%

21 Oct 2026

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Capital Goods Electric General

Indices

Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.Guidance Report: Management guidance vs outcomes.Forensic Report: Accounting quality and red flags.Deep Dive Report: In-depth business analysis.

Siemens Ltd is India’s foremost industrial technology company - it designs a factory, builds its electrical backbone, automates its production lines, and then connects the whole thing to software that monitors every machine in real time. Born as the Indian arm of the German engineering giant Siemens AG, the company reshaped itself through a series of deliberate moves: it bought a local electrical equipment maker to deepen its domestic manufacturing, carved out and sold a commoditised motors business, and spun off its entire energy division into a separate listed entity - all to concentrate on a single idea. That idea, which it calls a “ONE Tech Company,” is to bridge the gap between India’s average factory productivity of roughly 75% and the near-perfect 99.99% achieved at its reference plant in Germany, by selling integrated packages of hardware, software, and process know-how rather than standalone products.

Business segments

Three engines at different stages - a project-driven mobility giant under construction, a locally manufactured electrical infrastructure platform, and a high-margin automation brain built on German technology - each feeding the next with cash and customer access.

1. Mobility: the locomotive that pulls the order book

A single 11-year contract to build and maintain 1,200 freight locomotives for Indian Railways has transformed this business into a multi-decade revenue stream, with each locomotive paid for in full the moment it leaves the factory.

The 9,000-horsepower anchor - the largest single order in the company’s history, received in FY23, covers the design, manufacture, commissioning, and 35 years of full-service maintenance for 1,200 locomotives assembled at the Indian Railways factory in Dahod, Gujarat. The first 40 locomotives were delivered by March 2026, with output now ramping from 80 per year to 100 from 2028 to 2030, and then to 160 from 2030 to 2035, and over 90% of components were localised within roughly two years.
Metro systems as the next layer - the company is building a new metro train manufacturing facility at Aurangabad with an investment of ₹1.9 billion, while already electrifying metro lines across Bengaluru, Ahmedabad, and Surat, and equipping the Kolkata underwater metro - India’s first - with rail electrification technologies.
High-speed rail entry - in mid-2025, a consortium including Siemens Ltd won the contract for advanced signalling and telecommunications on India’s first high-speed rail corridor between Mumbai and Ahmedabad, with the company’s share at ₹1,230 crore for design, installation, and 15 years of maintenance, using European Train Control System Level 2 technology designed for speeds up to 350 km/h.

2. Smart Infrastructure: the electrical backbone of India’s building boom

Roughly two-thirds of what this business sells is made in its own Indian factories, insulating it from currency swings while it supplies everything from the circuit breakers in a hotel wall to the substation that powers an entire data centre.

Bought, not just built - the acquisition of C&S Electric, closed during financial year 2021 after receiving Competition Commission of India approval on August 20, 2020, brought a full range of low-voltage switchboards, protection relays, and busbar trunking systems under its roof, a business that now contributes 8% of the company’s consolidated turnover and feeds directly into the Smart Infrastructure portfolio.
From the power plant to the plug - the portfolio spans the entire electrical chain: medium-voltage switchgear and substation automation at the grid level, low-voltage protection and switching devices inside buildings, and fire safety, building automation, and energy-performance software that manages it all. One project covered 42 million square feet of high-rise commercial space with a single security and building management system.
Sustainability as a sales tool - the business helps customers cut energy bills and carbon footprints directly, delivering annual energy savings of over 13% and emission savings of 370 tonnes of CO₂ equivalent for a leading hospitality chain, while its e-mobility chargers and microgrid solutions position it for the electrification of transport and distributed energy.

3. Digital Industries: the German automation brain

This business sells the software and control systems that run factories, but it manufactures very little in India - it is essentially a high-knowledge distribution and services engine for Siemens AG’s global automation portfolio.

Know-how, not hardware - the core strength is process knowledge: understanding how a pharmaceutical plant, a biscuit factory, or a steel mill operates, and then layering on automation and digitalisation. Motors and other hardware can be outsourced because the value sits in the automation and digital twin software that designs, simulates, and runs the production line.
Dependent on the German parent - the business has full access to Siemens AG’s global product portfolio at transfer pricing, full access to all technology, and full access to global experts, but it does minimal local manufacturing, so its costs swing with the Euro-rupee exchange rate and its exports remain in the low single digits.
Digital twin before a single brick is laid - the COMOS plant-engineering software lets customers design the product, the manufacturing process, and the entire factory layout - including worker positioning and workbench heights - and simulate it all in a virtual walk-through before physical construction begins. Once running, the digital model links to the real factory in real time, so changes can be tested and optimised before hitting the shop floor.
Selling outcomes, not boxes - customer buying behaviour has shifted from lowest-price tenders to demanding flexibility, speed, and end-to-end solutions that solve specific problems: reducing wastage in a biscuit plant, improving energy efficiency in a hotel, or increasing line speed in a pharmaceutical factory. The business responds with solutions like a spray-dryer optimiser that delivered a 1.5% throughput increase and 4% energy savings with a payback of less than 12 months.

Group structure and partners

Siemens Ltd is 75% owned by the German parent and its affiliates, operates with full access to Siemens AG’s global technology and supply chains, and has just completed a structural clean-up that removed its energy and low-voltage motors businesses from the portfolio.

Promoter control - Siemens AG, Germany, is the ultimate holding company, with the promoter group holding exactly 75.00% of the equity through Siemens International Holding B.V. (52.77%), Siemens Aktiengesellschaft (18.00%), and two smaller entities.
The energy spin-off - the Energy business, which covered gas turbines, steam turbines, power transformers, and high-voltage grid technologies, was demerged into a separately listed company, Siemens Energy India Limited, effective March 2025. Shareholders received one share of the new entity for every Siemens Ltd share they held, and it listed on the stock exchanges in June 2025.
The motors exit - the Low Voltage Motors business, which operated an asset-light outsourced manufacturing model with roughly 97% of revenue from contract manufacturing, is being sold to Innomotics India Private Limited for ₹22 billion in cash, with completion expected by June 2026. The sale was forced by Siemens AG’s global divestment of Innomotics GmbH, which took all the intellectual property rights with it.
Subsidiaries folding in - the wholly owned rail signalling subsidiary, Siemens Rail Automation Private Limited, is being merged back into Siemens Ltd, while the 99.22%-owned C&S Electric continues to operate as a low-voltage equipment subsidiary contributing 8% of consolidated turnover.

Quick Ratios

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Balance Sheet

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Mkt Cap

Market Capitalization

₹1,21,815Cr

Close Price

₹3,420.60

Industry

Capital Goods Electric General

Price To Earnings

37.18

Price To Sales

6.74

Revenue

₹18,062Cr

Rev Gr TTM

Revenue Growth TTM

13.21%

PAT Gr TTM

PAT Growth TTM

33.65%

Consolidated

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	5,808	3,710	4,152	3,763	4,457	3,360	4,029	4,108	4,900	3,831	4,618	4,714
Growth YoY Revenue Growth YoY%	24.7	-7.6	-14.5	-22.8	-23.3	-9.4	-3.0	9.2	9.9	14.0	14.6	14.8
Expenses ExpensesCr	5,108	3,257	3,516	3,277	3,912	2,974	3,584	3,590	4,291	3,409	4,174	4,283
Operating Profit Operating ProfitCr	700	453	637	485	545	387	445	517	609	422	444	431
OPM OPM%	12.1	12.2	15.3	12.9	12.2	11.5	11.0	12.6	12.4	11.0	9.6	9.1
Other Income Other IncomeCr	146	162	325	157	236	172	151	124	121	10	100	117
Interest Expense Interest ExpenseCr	5	3	21	5	18	3	2	5	4	6	14	7
Depreciation DepreciationCr	79	61	63	70	62	66	66	69	69	71	74	78
PBT PBTCr	762	552	878	568	700	489	528	568	658	355	456	463
Tax TaxCr	191	140	229	131	178	126	135	146	177	86	101	119
PAT PATCr	572	506	803	578	831	615	583	423	485	278	370	2,143
Growth YoY PAT Growth YoY%	-12.4	9.3	70.2	26.8	45.4	21.5	-27.5	-26.8	-41.6	-54.8	-36.4	406.2
NPM NPM%	9.8	13.6	19.3	15.4	18.6	18.3	14.5	10.3	9.9	7.3	8.0	45.5
EPS EPS₹	8.0	7.1	11.2	8.1	11.6	8.6	8.1	11.9	13.6	7.8	10.4	60.2

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	5,808	3,710	4,152	3,763	4,457	3,360	4,029	4,108	4,900	3,831	4,618	4,714
Growth YoY Revenue Growth YoY%	24.7	-7.6	-14.5	-22.8	-23.3	-9.4	-3.0	9.2	9.9	14.0	14.6	14.8
Expenses ExpensesCr	5,108	3,257	3,516	3,277	3,912	2,974	3,584	3,590	4,291	3,409	4,174	4,283
Operating Profit Operating ProfitCr	700	453	637	485	545	387	445	517	609	422	444	431
OPM OPM%	12.1	12.2	15.3	12.9	12.2	11.5	11.0	12.6	12.4	11.0	9.6	9.1
Other Income Other IncomeCr	146	162	325	157	236	172	151	124	121	10	100	117
Interest Expense Interest ExpenseCr	5	3	21	5	18	3	2	5	4	6	14	7
Depreciation DepreciationCr	79	61	63	70	62	66	66	69	69	71	74	78
PBT PBTCr	762	552	878	568	700	489	528	568	658	355	456	463
Tax TaxCr	191	140	229	131	178	126	135	146	177	86	101	119
PAT PATCr	572	506	803	578	831	615	583	423	485	278	370	2,143
Growth YoY PAT Growth YoY%	-12.4	9.3	70.2	26.8	45.4	21.5	-27.5	-26.8	-41.6	-54.8	-36.4	406.2
NPM NPM%	9.8	13.6	19.3	15.4	18.6	18.3	14.5	10.3	9.9	7.3	8.0	45.5
EPS EPS₹	8.0	7.1	11.2	8.1	11.6	8.6	8.1	11.9	13.6	7.8	10.4	60.2

Consolidated

Standalone

Numbers

Percentage

Financial Year	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025	Mar 2026	TTM
Revenue RevenueCr	10,837	11,065	12,795	13,084	9,947	13,199	16,138	19,554	15,146	17,364	24,846	18,062
Growth Revenue Growth%	2.6	2.1	15.6	2.3	-24.0	32.7	22.3	21.2	-22.5	14.7		13.2
Expenses ExpensesCr	9,816	10,011	11,468	11,558	8,943	11,746	14,278	17,067	13,114	15,357	22,021	16,156
Operating Profit Operating ProfitCr	1,020	1,054	1,327	1,526	1,004	1,453	1,860	2,487	2,032	2,007	2,824	1,906
OPM OPM%	9.4	9.5	10.4	11.7	10.1	11.0	11.5	12.7	13.4	11.6	11.4	10.6
Other Income Other IncomeCr	3,157	821	280	398	315	262	206	496	877	570	679	348
Interest Expense Interest ExpenseCr	11	8	8	12	30	24	36	23	43	15	34	31
Depreciation DepreciationCr	228	198	198	199	252	297	317	321	246	280	415	292
PBT PBTCr	3,938	1,669	1,402	1,714	1,037	1,393	1,712	2,640	2,619	2,282	3,054	1,932
Tax TaxCr	1,025	532	500	579	267	363	450	678	657	593	771	483
PAT PATCr	2,914	1,137	901	1,136	770	1,030	1,262	1,962	1,962	2,106	2,283	3,277
Growth PAT Growth%	148.1	-61.0	-20.7	26.0	-32.2	33.8	22.5	55.5	0.0	7.3		33.6
NPM NPM%	26.9	10.3	7.0	8.7	7.7	7.8	7.8	10.0	12.9	12.1	9.2	18.1
EPS EPS₹	40.7	15.9	12.6	15.3	10.7	15.2	21.5	27.4	38.0	59.1	77.3	92.0

Financial Year	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025	Mar 2026	TTM
Revenue RevenueCr	10,837	11,065	12,795	13,084	9,947	13,199	16,138	19,554	15,146	17,364	24,846	18,062
Growth Revenue Growth%	2.6	2.1	15.6	2.3	-24.0	32.7	22.3	21.2	-22.5	14.7		13.2
Expenses ExpensesCr	9,816	10,011	11,468	11,558	8,943	11,746	14,278	17,067	13,114	15,357	22,021	16,156
Operating Profit Operating ProfitCr	1,020	1,054	1,327	1,526	1,004	1,453	1,860	2,487	2,032	2,007	2,824	1,906
OPM OPM%	9.4	9.5	10.4	11.7	10.1	11.0	11.5	12.7	13.4	11.6	11.4	10.6
Other Income Other IncomeCr	3,157	821	280	398	315	262	206	496	877	570	679	348
Interest Expense Interest ExpenseCr	11	8	8	12	30	24	36	23	43	15	34	31
Depreciation DepreciationCr	228	198	198	199	252	297	317	321	246	280	415	292
PBT PBTCr	3,938	1,669	1,402	1,714	1,037	1,393	1,712	2,640	2,619	2,282	3,054	1,932
Tax TaxCr	1,025	532	500	579	267	363	450	678	657	593	771	483
PAT PATCr	2,914	1,137	901	1,136	770	1,030	1,262	1,962	1,962	2,106	2,283	3,277
Growth PAT Growth%	148.1	-61.0	-20.7	26.0	-32.2	33.8	22.5	55.5	0.0	7.3		33.6
NPM NPM%	26.9	10.3	7.0	8.7	7.7	7.8	7.8	10.0	12.9	12.1	9.2	18.1
EPS EPS₹	40.7	15.9	12.6	15.3	10.7	15.2	21.5	27.4	38.0	59.1	77.3	92.0

Consolidated

Standalone

Numbers

Percentage

Financial Year	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025	Mar 2026
Equity Capital Equity CapitalCr	71	71	71	71	71	71	71	71	71	71	71
Reserves ReservesCr	6,733	7,619	8,228	8,978	9,421	10,276	11,539	13,016	15,286	13,156	13,769
Current Liabilities Current LiabilitiesCr	4,929	5,185	5,762	5,997	5,859	6,844	7,995	7,572	8,783	6,032	6,114
Non Current Liabilities Non Current LiabilitiesCr	253	262	276	312	509	816	496	1,102	1,130	719	1,336
Total Liabilities Total LiabilitiesCr	11,986	13,138	14,336	15,358	15,860	18,015	20,109	21,770	25,280	19,989	21,301
Current Assets Current AssetsCr	9,358	10,284	11,172	12,568	12,716	13,145	15,266	16,865	20,028	15,345	16,579
Non Current Assets Non Current AssetsCr	2,628	2,855	3,164	2,791	3,144	4,870	4,843	4,904	5,251	4,645	4,722
Total Assets Total AssetsCr	11,986	13,138	14,336	15,358	15,860	18,015	20,109	21,770	25,280	19,989	21,301

Financial Year	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025	Mar 2026
Equity Capital Equity CapitalCr	71	71	71	71	71	71	71	71	71	71	71
Reserves ReservesCr	6,733	7,619	8,228	8,978	9,421	10,276	11,539	13,016	15,286	13,156	13,769
Current Liabilities Current LiabilitiesCr	4,929	5,185	5,762	5,997	5,859	6,844	7,995	7,572	8,783	6,032	6,114
Non Current Liabilities Non Current LiabilitiesCr	253	262	276	312	509	816	496	1,102	1,130	719	1,336
Total Liabilities Total LiabilitiesCr	11,986	13,138	14,336	15,358	15,860	18,015	20,109	21,770	25,280	19,989	21,301
Current Assets Current AssetsCr	9,358	10,284	11,172	12,568	12,716	13,145	15,266	16,865	20,028	15,345	16,579
Non Current Assets Non Current AssetsCr	2,628	2,855	3,164	2,791	3,144	4,870	4,843	4,904	5,251	4,645	4,722
Total Assets Total AssetsCr	11,986	13,138	14,336	15,358	15,860	18,015	20,109	21,770	25,280	19,989	21,301

Consolidated

Standalone

Financial Year	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	513	573	100	1,273	720	1,422	979	1,400	1,655	375	-535
Investing Cash Flow Investing Cash FlowCr	237	1,322	-175	-1,134	871	-2,389	-35	-759	-505	3,121	3,688
Financing Cash Flow Financing Cash FlowCr	-1,614	-285	-305	-312	-386	-502	-392	-450	-509	-3,186	-3,302
Net Cash Flow Net Cash FlowCr	-864	1,611	-380	-173	1,205	-1,469	551	191	641	310	-149
Free Cash Flow Free Cash FlowCr	513	573	100	1,259	710	1,315	847	1,334	1,553		-1,080
CFO To PAT CFO To PAT%	17.6	50.4	11.1	112.1	93.5	138.1	77.5	71.4	84.3	17.8	-23.4
CFO To EBITDA CFO To EBITDA%	50.3	54.4	7.5	83.4	71.7	97.9	52.6	56.3	81.4	18.7	-19.0

Financial Year	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	513	573	100	1,273	720	1,422	979	1,400	1,655	375	-535
Investing Cash Flow Investing Cash FlowCr	237	1,322	-175	-1,134	871	-2,389	-35	-759	-505	3,121	3,688
Financing Cash Flow Financing Cash FlowCr	-1,614	-285	-305	-312	-386	-502	-392	-450	-509	-3,186	-3,302
Net Cash Flow Net Cash FlowCr	-864	1,611	-380	-173	1,205	-1,469	551	191	641	310	-149
Free Cash Flow Free Cash FlowCr	513	573	100	1,259	710	1,315	847	1,334	1,553		-1,080
CFO To PAT CFO To PAT%	17.6	50.4	11.1	112.1	93.5	138.1	77.5	71.4	84.3	17.8	-23.4
CFO To EBITDA CFO To EBITDA%	50.3	54.4	7.5	83.4	71.7	97.9	52.6	56.3	81.4	18.7	-19.0

Consolidated

Standalone

Financial Year	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	44,179	42,706	33,525	53,945	45,042	75,766	98,647	1,30,844	2,58,009	1,11,444	1,04,473	1,21,815
Price To Earnings Price To Earnings	16.7	37.6	37.2	49.0	58.6	69.6	63.9	66.7	94.9	53.0	56.9	37.2
Price To Sales Price To Sales	4.1	3.9	2.6	4.1	4.5	5.7	6.1	6.7	17.0	6.4	4.2	6.7
Price To Book Price To Book	6.5	5.5	4.0	6.0	4.7	7.3	8.5	10.0	16.8	8.4	7.5	8.8
EV To EBITDA EV To EBITDA	39.9	36.6	22.5	32.1	39.2	48.6	49.6	49.6	122.4	52.2	35.1	64.9
Profitability Ratios Profitability Ratios
GPM GPM%	32.2	30.3	30.0	29.8	32.3	28.3	28.9	31.5	29.8		29.5	29.5
OPM OPM%	9.4	9.5	10.4	11.7	10.1	11.0	11.5	12.7	13.4	11.6	11.4	10.6
NPM NPM%	26.9	10.3	7.0	8.7	7.7	7.8	7.8	10.0	12.9	12.1	9.2	18.1
ROCE ROCE%	57.8	21.8	17.0	19.1	11.2	13.7	14.8	20.1	17.0	17.4	21.8	21.8
ROE ROE%	42.8	14.8	10.9	12.6	8.1	9.9	10.9	15.0	12.8	15.9	16.5	16.5
ROA ROA%	24.3	8.7	6.3	7.4	4.8	5.7	6.3	9.0	7.8	10.5	10.7	10.7
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	44,179	42,706	33,525	53,945	45,042	75,766	98,647	1,30,844	2,58,009	1,11,444	1,04,473	1,21,815
Price To Earnings Price To Earnings	16.7	37.6	37.2	49.0	58.6	69.6	63.9	66.7	94.9	53.0	56.9	37.2
Price To Sales Price To Sales	4.1	3.9	2.6	4.1	4.5	5.7	6.1	6.7	17.0	6.4	4.2	6.7
Price To Book Price To Book	6.5	5.5	4.0	6.0	4.7	7.3	8.5	10.0	16.8	8.4	7.5	8.8
EV To EBITDA EV To EBITDA	39.9	36.6	22.5	32.1	39.2	48.6	49.6	49.6	122.4	52.2	35.1	64.9
Profitability Ratios Profitability Ratios
GPM GPM%	32.2	30.3	30.0	29.8	32.3	28.3	28.9	31.5	29.8		29.5	29.5
OPM OPM%	9.4	9.5	10.4	11.7	10.1	11.0	11.5	12.7	13.4	11.6	11.4	10.6
NPM NPM%	26.9	10.3	7.0	8.7	7.7	7.8	7.8	10.0	12.9	12.1	9.2	18.1
ROCE ROCE%	57.8	21.8	17.0	19.1	11.2	13.7	14.8	20.1	17.0	17.4	21.8	21.8
ROE ROE%	42.8	14.8	10.9	12.6	8.1	9.9	10.9	15.0	12.8	15.9	16.5	16.5
ROA ROA%	24.3	8.7	6.3	7.4	4.8	5.7	6.3	9.0	7.8	10.5	10.7	10.7
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	SIEMENS	VGUARD	SPECTRUM	RELTD	RISHABH	MODINSU	ALPEXSOLAR
Market CapitalizationMkt CapCr	1,21,815	12,266	6,311	2,728	2,716	2,101	1,899
Close PriceClose₹	3,420.60	280.75	3,693.20	137.40	701.95	445.55	743.40
IndustryIndustry	Capital Goods Electric General	Capital Goods Electric General	Capital Goods Electric General	Capital Goods Electric General	Capital Goods Electric General	Capital Goods Electric General	Capital Goods Electric General
Price To EarningsPE	37.18	33.74	112.12	42.67	33.41	22.65	9.39
Price To SalesPS	6.74	1.94	10.61	5.45	3.47	2.74	0.81
RevenueRevenueCr	18,062	6,310	595	501	783	767	2,346
Revenue Growth TTMRev Gr TTM%	13.2%	13.4%	44.3%	28.2%	5.6%	41.8%	116.5%
PAT Growth TTMPAT Gr TTM%	33.6%	26.4%	79.1%	89.9%	119.0%	103.6%	60.4%

	SIEMENS	VGUARD	SPECTRUM	RELTD	RISHABH	MODINSU	ALPEXSOLAR
Market CapitalizationMkt CapCr	1,21,815	12,266	6,311	2,728	2,716	2,101	1,899
Close PriceClose₹	3,420.60	280.75	3,693.20	137.40	701.95	445.55	743.40
IndustryIndustry	Capital Goods Electric General	Capital Goods Electric General	Capital Goods Electric General	Capital Goods Electric General	Capital Goods Electric General	Capital Goods Electric General	Capital Goods Electric General
Price To EarningsPE	37.18	33.74	112.12	42.67	33.41	22.65	9.39
Price To SalesPS	6.74	1.94	10.61	5.45	3.47	2.74	0.81
RevenueRevenueCr	18,062	6,310	595	501	783	767	2,346
Revenue Growth TTMRev Gr TTM%	13.2%	13.4%	44.3%	28.2%	5.6%	41.8%	116.5%
PAT Growth TTMPAT Gr TTM%	33.6%	26.4%	79.1%	89.9%	119.0%	103.6%	60.4%

FY2026

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Jun 26