Siemens Energy India Shares To List Today; Check Expected Listing, Price Targets & More

Siemens Energy India (SEL) is group to make its Dalal Street debut arsenic a abstracted entity connected Thursday, June 19, aft its demerger from Siemens Ltd. Siemens had  spun-off its power business successful April and nan banal traded ex-demerger connected April 7. The demerger implied stock value worth of Siemens Energy India astatine Rs 2,478 per share.

Siemens Energy captures nan maximum worth among its peers arsenic it has products/solutions covering a larger marketplace size, viz, decarbonization, powerfulness generation, powerfulness evacuation, grid automation, EPC services, and cleanable power for illustration greenish hydrogen and artillery storage. Ihis has been a highly profitable business for Siemens India which has clocked 22.6 per cent Ebitda separator for H1FY25, said HDFC Securities.

"New business lines viz. PEM electrolyzer, hydrogen blend fired state turbines, and artillery retention solutions will assistance semipermanent maturation arsenic nan genitor institution has developed these technologies. SEL’s robust bid backlog of Rs 15,000 crore lends beardown maturation visibility; we exemplary 30 per cent FY25-27E PAT CAGR," said nan home brokerage patient successful its initiating sum report.

"With nan demerger, SEL becomes a powerfulness axenic play pinch exclusive authorities for immoderate South Asia countries (Bhutan, Nepal, Sri Lanka, and Maldives).  Given nan beardown rate flows, robust bid book, constricted competitory intensity, and export opportunities, we complaint SEL arsenic a 'buy' pinch a target value of Rs 3,000 apiece, 60 times Sep-27E EPS, P/E successful statement pinch Hitachi Energy multiple)," HDFC adds.

Upon listing, Siemens Energy India shall beryllium India’s largest listed pure-play powerfulness T&D instrumentality subordinate pinch much than $10 cardinal marketplace capitalization (m-cap), surpassing peers for illustration Hitachi Energy & GE Vernova. All nan eligible shareholders of Siemens India, arsenic of nan grounds date, received SEL shares successful 1:1 ratio.

Another brokerage firm, Jefferies, sees SEL logging 40 per cent EPS CAGR complete FY24-27E, driven by nan robust T&D pipeline and operating leverage implying patient upside imaginable beneath Rs 3,000 per share. "We judge SE tin waste and acquisition astatine 60 times PE Mar-27E, which is simply a 9 per cent premium to our PT aggregate connected Siemens ex-Energy, implying a value target of Rs 3,350 per share," it said.