Siemens Energy Tops Rs 1 Lakh Crore Market Cap On D-Street Debut

Shares of Siemens Energy India made a strong debut on the D-Street on Thursday, June 19, listing at Rs 2,850 on the BSE and at Rs 2,840 on the NSE after a special pre-opening session conducted for price discovery. The listing came after the company was officially demerged from Siemens Ltd on April 7, 2025. Before listing, the stock was valued at Rs 2,368.8 per share.

Soon after listing, the stock surged 5 per cent from its listing price to hit its upper circuit at Rs 2,992.45 on the BSE. This pushed the newly-listed entity’s market valuation above the coveted Rs 1 lakh crore mark. At 11 AM, the stock was trading at Rs 2,920 apiece and the company’s market capitalisation stood at Rs 1.04 lakh crore.

The parent company Siemens Limited informed the bourses on Wednesday, June 18, that it's subsidiary Siemens Energy India has received approval from BSE and NSE for listing and trading of its equity shares from June 19, 2025 onward.

Siemens Energy India Limited offers a broad range of solutions across power generation, transmission, and storage. The company’s portfolio includes conventional technologies like gas and steam turbines, alongside emerging green options such as hydrogen-powered plants.

The shares of Siemens Energy India are trading under the scrip ID ENRIN and have been listed under the ‘T’ Group of securities. This means intraday buying and selling is not allowed, and the stock is subject to a 5 per cent upper circuit limit for the first ten trading sessions.

Here’s What Brokerages Say

HDFC Securities in a note dated June 18, said that Siemens Energy India stands out among peers due to its broad presence across the energy value chain, as it covers decarbonisation, power generation, transmission, grid automation, EPC services, and emerging areas like green hydrogen and battery storage. “SEIL (Siemens Energy India) captures the maximum value among its peers,” said the brokerage.

Post demerger, the company has become a focused power technology player and has exclusive rights to operate in South Asian markets such as Bhutan, Nepal, Sri Lanka, and the Maldives, the brokerage noted. It sees this structure unlocking value in both traditional and new energy businesses.

Siemens Energy India also benefits from its access to Siemens Energy’s global technology platforms, which includes PEM electrolysers for green hydrogen, hydrogen-blend gas turbines, and battery storage systems. These are the areas the brokerage believes will add to the company’s long-term growth.

The company has an order backlog of Rs 15,000 crore, which is more than twice its estimated revenue for FY25. This gives good visibility on future earnings. HDFC Securities expects the company’s profit to grow at a compounded annual growth rate of 30 per cent between FY25 and FY27.

Jefferies expects Siemens Energy India’s profits to grow by 40 per cent each year between FY24 and FY27, led by strong demand in the power transmission sector and better use of its existing factories, which are not yet running at full capacity.

The company is also set to benefit from a sharp rise in power sector investments in India, which are expected to grow 2.5 times to over $300 billion by FY30. To support this growth, Siemens Energy India is investing Rs 460 crore to double its transformer manufacturing capacity, the brokerage firm noted.