UBS has maintained a ‘Buy’ rating on Siemens, setting a target price of ₹8,000 per share, implying a 55% upside potential from the current market price of ₹5,160.00.
The brokerage noted that Siemens’ energy segment remains healthy, but short-cycle weakness impacted the ex-energy business performance.
Key financial highlights include:
- Overall topline, EBITDA, and recurring PAT (including energy business) grew by 4%, 10%, and 7% YoY, respectively.
- Excluding the energy segment, orders stood at ₹4,260 crore, marking a strong 20% YoY increase.
- However, ex-energy business reported a decline in sales, EBITDA, and PAT by 3%, 12%, and 10% YoY, respectively.
Siemens did not disclose order intake for the energy business, but UBS believes that the company’s strong order flow, coupled with a healthy energy segment, should drive growth moving forward.
With continued strength in large-scale orders and anticipated operational improvements, UBS remains bullish on Siemens’ long-term growth potential.
Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.
