Siemens Energy India Shares Zooms On Market Debut - How Far Can Stock Go? Check Jefferies Target

Siemens Energy India Share Price: Shares of Siemens Energy India Limited (SEIL), the demerged entity from Siemens Ltd, made a strong debut on the stock exchanges on Thursday, June 19, 2025.

The stock listed at Rs 2,850 on the BSE and Rs 2,840 on the NSE, significantly higher than the discovered prices of Rs 2,368.80 and Rs 2,478.20, respectively.

Soon after listing, the shares hit their 5% upper circuit limits, touching Rs 2,992.45 on the BSE and Rs 2,982 on the NSE.

At 11:11 AM, SEIL shares were trading at Rs 2,819.95, down 1.05%, after hitting a high of Rs 2,992.45 and a low of Rs 2,725.50.

The listing comes after SEIL received approvals from both BSE and NSE for trading of its equity shares effective June 19.

Also Read: LG Electronics India Set To Launch Public Offering By This Month

Siemens Energy India Share Price Target 

According to Jefferies, Siemens Energy (SE), the demerged entity from Siemens, which was listed on June 19, 2025, and is expected to become India’s largest pure-play power transmission and distribution (T&D) equipment company, with a market cap of over $10 billion.

Jefferies estimates that SE could deliver a strong 40% EPS CAGR between FY24 and FY27, driven by a robust transmission pipeline and operating leverage benefits. “At current valuations, SE could list between Rs 2,995 and Rs 3,711 per share,”

Jefferies noted, adding that a fair value would be around Rs 3,350 per share, based on a 60x PE multiple for FY27 — a 9% premium to Siemens ex-Energy.

SE is also seen as a major beneficiary of India’s $100 billion+ transmission capex pipeline. Power capex is projected to rise 2.5 times to over $300 billion by FY30.

Jefferies also maintains a positive view on Siemens India ex-Energy, with a target price of Rs 3,700, backed by growth in railways and potential order flow surprises.

Siemens Energy Financial Outlook

Jefferies projects a strong financial outlook for Siemens Energy India, with revenue expected to grow from Rs 60,803 million in FY23 to Rs 151,636 million by FY27. EBITDA is set to rise to Rs 29,507 million with margins improving to 19.5%, and profit after tax (PAT) is estimated to grow from Rs 6,514 million in FY23 to Rs 24,045 million in FY27, indicating a robust 40% CAGR from FY24 to FY27.

In comparison with peers, Siemens Energy is expected to outperform Hitachi Energy and GE Vernova T&D in profitability and scale.

By FY27, Siemens Energy's PAT is estimated at Rs 19,876 million versus Hitachi’s Rs 12,376 million and GE’s Rs 10,973 million.

Based on FY27 earnings, the stock could list at Rs 3,711 per share if valued like Hitachi, or Rs 2,995 if valued like GE. Jefferies expects a fair value around Rs 3,350, reflecting strong fundamentals and growth prospects.

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