ENRIN
Siemens Energy India share price & financials
- Price
- ₹3,833.9
- Market cap
- ₹1.1L Cr
- Sector
- Capital Goods
- Calls analysed
- 2
ENRIN Q2 & H1 FY26
What went well
- Order backlog increased by 22.2% to ₹184 billion (from ₹150 billion), providing strong future revenue visibility.
- Revenue grew approximately 27% year-on-year to ₹43 billion (from ₹34 billion), demonstrating efficient execution.
- Reported profit from operations margin improved by 160 basis points to 20.7% (from 19.1% in H1FY25), driven by operating leverage and higher export contribution.
What to watch
- Geopolitical situation, particularly the Middle East crisis, poses challenges, though India shows resilience.
- The STATCOM market experienced a muted H1 FY26 with fewer projects finalized, attributed to the volatile nature of infrastructure projects.
What Siemens Energy India Limited does
Siemens Energy India Limited (SEIL) is a pureplay energy technology company serving the full power value chain, from low-carbon power generation to power transmission. It designs and manufactures large gas and steam turbines, power transformers and reactors, switchgear, and grid-stabilisation systems (STATCOMs, SYNCONs, HVDC), and earns from equipment sales plus lifecycle services, modernisation and grid consulting. It was carved out of Siemens Limited's energy business and listed on 19 June 2025, and it supplies India and neighbouring South Asian markets while also exporting products and services to the global Siemens Energy Group.
Segments
- Power Transmission
- Power Generation
- Factories in India
- 8
- India large steam-turbine installed base built with its technology
- ~55%
- India HVDC capacity share
- ~30%
- India gas-turbine installed base built with its technology
- ~25%
- Position in grid stabilisation (STATCOMs)
- Leader in India
- Kalwa transformer factory installed capacity
- 15,000 MVA
Guidance record · Q4 FY26
what the last two calls moved 8 tracked 0 delivered 3 missed 5 open- HVDC Projects Awarded went quiet said Q4 FY25 Promised: 1-2 projects per year Q4 FY26: No specific update was provided on the number of HVDC projects awarded during the fiscal year, making it impossible to verify against the '1-2 projects per year' target.
- Kalwa Transformer Factory Completion delayed said Q4 FY25 Promised: End of 2026 / Beginning of 2027 Q4 FY26: Management now expects the Kalwa expansion to 'come on track by, we would say, next year, mid-year' (mid-2027), a slight delay from the original 'end of 2026 / beginning of 2027' target. The project is reported to be in 'full swing'.
- Climate Neutral Operations on track said Q4 FY25 Promised: Climate neutral by 2030 Q4 FY26: The company reiterated its commitment to becoming climate neutral in its own operations by 2030.
All 8 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 39.3%, net profit up 67.7% against the same quarter last year.
| Line item | Q1 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,484 | 1,517 | 1,880 | 1,785 | 2,646 +78% | 1,911 +26% | 2,394 +27% | 2,486 +39% |
| EBITDA | 213 | 335 | 358 | 340 | 479 +125% | 461 +38% | 498 +39% | 586 +72% |
| Net profit | 146 | 232 | 246 | 263 | 360 +147% | 313 +35% | 375 +52% | 441 +68% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −6.0% 1Y
1Y: ₹3,383.1 on 10 Sept 2025 → ₹3,181.3. High ₹3,872.1 (29 May 2026), low ₹2,125.4 (23 Jan 2026).
How the price took the results
close before → close after
- Q4 FY26
- −0.6%
- 15 May
- Q4 FY25
- −1.2%
- 10 Dec
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
| Year ending | FY25 |
|---|---|
| Revenue | ₹7.8k Cr |
| Operating profit | ₹1.5k Cr |
| Operating margin | 19.3% |
| Interest | ₹27 Cr |
| Depreciation | ₹103 Cr |
| Net profit | ₹1.1k Cr |
| Net margin | 14.1% |
| Cash from operations | ₹3.7k Cr |
| Free cash flow | ₹3.5k Cr |
| ROCE | 68.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹0 Cr | ₹71 Cr | ₹71 Cr |
| Reserves | ₹0 Cr | ₹4.3k Cr | ₹4.7k Cr |
| Borrowings | ₹0 Cr | ₹148 Cr | ₹216 Cr |
| Other liabilities | ₹0 Cr | ₹5.0k Cr | ₹5.2k Cr |
| Total liabilities | ₹0 Cr | ₹9.5k Cr | ₹10.2k Cr |
| Fixed assets | ₹0 Cr | ₹536 Cr | ₹610 Cr |
| Capital work in progress | ₹0 Cr | ₹76 Cr | ₹116 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹0 Cr | ₹8.9k Cr | ₹9.5k Cr |
| Total assets | ₹0 Cr | ₹9.5k Cr | ₹10.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +2.93 pp while DIIs trimmed −2.68 pp. The shareholder count shrank 3% to 2,39,615.
- Promoters
- 75.0%
- FIIs
- 7.7%
- DIIs
- 6.4%
- Public
- 10.8%
Since Jun 2025
- FIIs +2.93 pp
- DIIs −2.68 pp
- Public −0.25 pp
How it drifted, 5 quarters
Over this window FIIs went from 4.8% to 7.7% — +2.9 pp.
Ownership split by quarter, oldest first. Jun '25: Promoters 75.0%, FIIs 4.8%, DIIs 9.1%, Public 11.1%.Sep '25: Promoters 75.0%, FIIs 6.2%, DIIs 8.1%, Public 10.8%.Dec '25: Promoters 75.0%, FIIs 7.2%, DIIs 6.7%, Public 11.1%.Mar '26: Promoters 75.0%, FIIs 7.6%, DIIs 6.6%, Public 10.8%.Jun '26: Promoters 75.0%, FIIs 7.7%, DIIs 6.4%, Public 10.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Siemens Energy Holding B.V. +5.00 pp 11.00% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Siemens Energy India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Siemens International Holding B.V. | 47.70% | unchanged |
| Siemens Aktiengesellschaft, Germany | 11.30% | −5.00 pp |
| Siemens Energy Holding B.V. | 11.00% | +5.00 pp |
| Siemens Energy Holdco B.V. | 5.00% | unchanged |
| Nippon Life India Trustee Ltd Mutual fund | 1.62% | −0.43 pp |
| Siemens Metals Technologies Vermogensverwaltungs GmbH | 0.00% | unchanged |
| Siemens Energy Investment B.V. | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in ENRIN
Filings to Aug 2026
0 new, 6 added, 6 trimmed, 0 sold out — net −2.77 L shares (−4.5%).
- Held by funds
- ₹1.9k Cr
- 21 schemes
- Biggest holder
- Nippon India Multi Cap Fund
- ₹549 Cr · 1.0% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹549 Cr | −0.74 L | Apr '25 |
| Nippon India Large Cap Fund Nippon India Mutual Fund | ₹337 Cr | held | Apr '25 |
| Nippon India Focused Fund Nippon India Mutual Fund | ₹203 Cr | −1.50 L | Dec '25 |
| Nippon India Flexi Cap Fund Nippon India Mutual Fund | ₹139 Cr | held | Apr '25 |
| Nippon India Multi Asset Allocation Fund Nippon India Mutual Fund | ₹122 Cr | −0.33 L | Dec '25 |
| Nippon India ETF Nifty Next 50 Junior BeES Nippon India Mutual Fund | ₹101 Cr | +0.10 L | Sep '25 |
| Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund | ₹75 Cr | held | Apr '25 |
| Nippon India Power & Infra Fund Nippon India Mutual Fund | ₹73 Cr | held | Apr '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
6 added, 6 trimmed — net −2.77 L shares (−4.5%)
- Funds are sitting on
- +41%
- vs est. average cost
- Held by funds
- ₹1.9k Cr
- 21 schemes · ≈ 2.0% of the company
- Biggest holder
- Nippon India Multi Cap Fund
- ₹549 Cr · 1.0% of that fund
Shares held by these funds +64%
Apr '25 60.97 L shares Jul '26
What the price assumes
- Growth the price implies
- 40.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (2)
Read the Q4 FY26 call →Learn to analyse Siemens Energy India Limited
Guides on how to read this kind of business and the numbers that matter.