New Delhi: Siemens Energy India’s shares made a strong debut on Thursday. The company’s shares were listed on the National Stock Exchange (NSE) at a price of Rs 2,840, which was much higher than the share price of Rs 2,350 at the time of demerger. The company’s market cap reached 1,03,819.81 after the stock hit the upper circuit. Its face value is Rs 2 per share.

Global brokerage firm Jefferies has strongly backed Siemens Energy India and expected the company to soon become the country’s largest listed T&D equipment manufacturer. The brokerage also highlighted that companies like Hitaji Energy and GE Vernova, which are working in the same sector, are trading at a P/E ratio of 66 times and 54 times their estimated earnings for March 2027. This data shows that Siemens Energy still has the potential for further growth.

Jefferies projects the company’s earnings per share (EPS) to grow at a rate of 40 percent every year between FY 2024 and 2027. The company has a strong order book and better utilisation of production capacity. The brokerage backed the firm to expand its production as currently it is using only 60 percent of its T&D production capacity.

Siemens Energy India Limited operates across the whole energy landscape and is engaged in renewable power, from grid technology to storage to electrifying complex industrial processes. The firm supports companies and countries to reduce emissions across the energy landscape.

Siemens Energy India Limited product portfolio:

AIS (UPTO 800 KV)

GIS (upto 420 kV)

Power Transformers (upto 765 kV, 500 MVA)

Reactors (upto 765 kV)

Traction Transformers (upto 33 kV, 10 MVA)

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