Mumbai, June 19, 2025 – Siemens Energy India Share. made a dazzling debut on the Indian bourses today. Its shares listed at ₹2,840 on the National Stock Exchange (NSE), a 14% premium to its discovery price of ₹2,478.20. The shares hit the upper 5% circuit at ₹2,982, indicating the strong confidence the market has in this newly demerged entity from Siemens Ltd. On the Bombay Stock Exchange (BSE), Siemens Energy shares opened at ₹2,850 and touched a high of ₹2,992.45, hitting the upper circuit.
This phenomenal debut left Siemens Energy the largest listed pure-play power T&D company in India with a market capitalization of over ₹1 lakh crore.
An Outstanding Market Launch After Demerger
The listing occurs after the business of Siemens Ltd.’s energy went through segregation, completed on April 7, 2025. The demerger of Siemens Ltd leaves the shareholders with one share of Siemens Energy India for each of their Siemens Ltd. shares, to create a stand-alone company focused on energy transmission and distribution and clean energy solutions. The stock traded under scrip ID ENRIN and is in the ‘T’ group, which limits intraday trading, and caps daily price movements to 5% for the first 10 daily sessions.
Trading was extremely active, with the volume of over 810,000 shares by mid-morning, and pending buy orders for 66,000 shares on the NSE and BSE. Analysts seem to feel that investors were responding positively to Siemens Energy’s value of ₹15,100 crore, its strong policy tailwinds, and its strategic positioning in the T&D sector in the rapidly growing marketplace in India.
Why Analysts Are Watching Siemens Energy
Siemens Energy India’s listing comes at a time when India’s power infrastructure is undergoing unprecedented growth. Government awards of ₹1.5 trillion (US$18 billion) in the T&D project in FY25, a four-times increase from last year, have created a space for companies like Siemens Energy to flourish. The company is doubling its power transformer capacity with ₹460 crore in capex, indicating its confidence in upcoming demand.
Jefferies, the global brokerage, is projecting a 40% earnings per share (EPS) compound annual growth rate (CAGR) and a solid T&D pipeline when combined with operating leverage for Siemens Energy between FY24 and FY27. Jefferies, with a target price of ₹3,700 sees almost a 30 % upside limited to the listing price. “Although we have issued ‘Buy’ ratings on Siemens Energy with a target price of ₹3,000, other analysts including the likes of HDFC Securities and Motilal Oswal did, which underlines the company’s position in decarbonization, grid automation, and its footprint in clean energy developments such as green hydrogen and battery storage.”
A Jefferies analyst said, “Siemens Energy looks well positioned to take on India’s ₹9.2 trillion capex in T&D by FY32.’ “With plant utilization levels of less than 60: there is significant room for margin expansion.” This makes for a very compelling case to invest in Siemens Energy.
Brokerage Notes and Market outlook:
Siemens Energy’s fundamentals have led to comparison with global peers Hitachi Energy with 74x price to earnings for March 2027 estimates and GE Vernova at 58x price to earnings. Siemens Energy has exclusive rights to South Asia (includes Bhutan, Nepal, Sri Lanka, and Maldives) making it likely to win a higher volume of HVDC projects, achieving better margins than competitors.
HDFC Securities highlighted a strong Q1FY25, with Siemens Energy posting 22.6% EBITDA margin. Simlarly, Motilal Oswal highlighted Siemens Energy’s ₹5,100 crore order book during the first five months of FY25, which was almost 60% of the FY24 total order bookings, which is a strong growth momentum.
There are cautionary tones present, as both HDFC Securities and Motilal Oswal, raised potential risks of having a relatively slow order inflow and potential supply chain issues. I would stress that even with these risks brokers are overwhelmingly positive on Siemens Energy and I am having increased conviction that Siemens is the top pick in the T&D sector.
A Short-lived Fall in a Turbulent Market
Despite the strong debut, Siemens Energy shares hit a temporary 5% lower circuit at ₹2,707.50 on the BSE later in the trading day which was affected by the overall volatility of the market caused by geopolitical tensions in the middle east and the benchmark indices BSE Sensex or NSE Nifty remaining flat. The stock had recovered to ₹2,924 by 2:30 PM, for a 3% gain over its opening price.