Siemens Hold, Target Price Rs 2251: ICICI Securities

ICICI Securities has placed a call with a target price of Rs 2251. Siemens Ltd. , The current market price of Rs.2168.55 is Rs. price can reach its target. Its time period is given by analysts as one year.

Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 77320.83 Crore) operating in Engineering sector.

financial situation

For the quarter ended 30-09-2021, the Company has reported Consolidated Total Income of Rs.4358.30 Crores, an increase of 46.05% over last quarter’s Total Income of Rs.2984.20 Crores and last year’s corresponding quarter total Income of Rs.3609.30 Crores. 20.75% higher than , The Company has a Reported Net Profit After Tax of Rs 321.60 Crore in the latest quarter.

investment logic
Will support green shoot base orders in sectors like pharma, food & beverage, data center etc. However, given the cost pressure and rich valuations, the brokerage has retained hold on the stock. It values ‚Äč‚Äčthis by the SoTP method assigning P/E multiples to the FY23E core PAT for each individual segment. Post this, the brokerage adds cash back. It has also separately accounted for C&S Electric. This comes at a SOTP-based target price of Rs 2,251 (earlier: Rs 2,138).

Promoter/FII Holdings
Promoters held 75 per cent stake in the company as on March 31, 2021, while FIIs held 4.4 per cent, DIIs 10.6 per cent and public and others held 10.1 per cent.

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