Siemens has achieved a strong revenue growth of 11.3% year-on-year, along with an increase in EBITDA margin of 246 basis points. The company is seeing a strong demand for orders in its Energy, Smart Infrastructure, and Mobility segments, although its Digital Industries sector is facing challenges.

Siemens is well-positioned for sustained growth due to government infrastructure spending and a rebound in private capital expenditure. The company plans to invest approximately Rs 1.0 billion in expanding its capacity to manufacture large reactors, in addition to its previous plans for power transformer capacity expansion. Siemens is also in the process of separating its Energy business as a strategic move to create more value for shareholders.

Currently, Siemens shares are trading at a P/E ratio of 83.3x for FY25 and 68.5x for FY26. Analysts have maintained an 'Accumulate' rating with a revised target price of Rs 7,716, up from Rs 7,362, reflecting a valuation of 73x for FY26.