Rs 10/Share Dividend: Accumulate Engineering Stock, TP Rs 4359: Prabhudas Lilladher

Leading brokerage house Prabhudas Lilladher has assigned accumulate call to large cap stock from the engineering sector, Siemens Ltd with target price of Rs 4359 per share. Current market price of the Siemens Ltd share on BSE is Rs 3992.00 per share. Board of directors of Siemens Ltd on November 28 declared dividend of Rs 10/- per equity share of Rs 2/- each for the financial year ended September 30, 2023. Siemens shares fell 0.77% in last 1-week and gave return of 41% year-to-date. Siemens has a market capitalisation of Rs 1,42, 102.67 crore. Check details below:

Siemens Ltd Valuation: According to Amit Anwani - Research Analyst, Prabhudas Lilladher Pvt. Ltd, "We remain positive on SIEM from a long-term perspective given 1) its strong and diversified presence across industries through focus on electrification, digitalization & automation, 2) product localization, 3) strong balance sheet, 4) healthy public & private capex and 5) focus on cost efficiencies. The stock is currently trading at a PE of 63.0x/54.5x SY24/25E. We maintain our 'Accumulate' rating on the stock with a TP of Rs4,359 (Rs4,241 earlier), valuing it at PE of 60x SY25E (same as earlier)."

Siemens Stock Performance & Return Over Years: 52-week high price of Siemens share on BSE is quoted at Rs 4244.55 apiece and 52-week low price is quoted at Rs 2775.30 apiece, respectively. Siemens shares gained 10% in last 1-month, soared 41% in last 1-year, jumped 68% in last 2-years, offered return of 157% in last 3-years. In last 5-years, Siemens shares rallied 284%.

Siemens Dividend: As per the regulatory filing of the company issued on November 28, "recommended a dividend of Rs. 10/- per Equity Share of Rs. 2/- each (500%) for the Financial Year ended 30th September, 2023. The dividend, as recommended by the Board of Directors, if declared at the ensuing Annual General Meeting (AGM) of the Company, would be paid from Friday, 16th February, 2024."

Siemens Financials: The company on November 28 announced a surge of 49.8% year-on-year (YoY) in its net profit to Rs 571.6 crore for the 4th quarter ended September 30,2023. It is worth mentioning here Siemens follows Oct-Sept financial year. Siemens declared its net profit at Rs 381.7 crore in the corresponding quarter last year, as per its BSE filing. Siemens' revenue from operations surged 24.7% to Rs 5807.7 crore as compared to Rs 4,657.1 crore in the similar quarter of last fiscal. Siemens announced a dividend of Rs 10/- per equity of Rs 2/- each (500%) for the FY ending Sept 30, 2023. It announced its EBITDA, at operating level at Rs 700.2 crore, up 35.7% for the 2nd quarter of current fiscal as compared to Rs 515.9 crore in the corresponding quarter of last fiscal. The company's EBITDA margin announced at 12.1% for the quarter under consideration as against 11.1% in the corresponding period of last fiscal.

Siemens About: Siemens has been a strong partner to India - right from the setting up of the Indo-European telegraph line in 1867. Siemens offers integrated solutions for India's sustainable future - efficient manufacturing, integrated automation, intelligent infrastructure, complete mobility and sustainable energy, according to its official website.

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