Buy Siemens, target price Rs 1,600: Kunal Bothra

Kunal Bothra has a buy call on Siemens with a target price of Rs 1,600. The current market price of Siemens is Rs 1,548.9. Kunal Bothra recommended to keep a stop loss at Rs 1,520.

Siemens, incorporated in the year 1957, is a large cap company (having a market cap of Rs 54,148.08 crore) operating in engineering sector.

Siemens key products/revenue segments include engineering goods which contributed Rs 6,929.20 crore to sales value (54.45 per cent of total sales), income from project development which contributed Rs 4,133.80 crore to sales value (32.48 per cent of total sales), sale of services which contributed Rs 1,206.40 crore to sales value (9.48 per cent of total sales), other operating revenue which contributed Rs 201.10 crore to sales value (1.58 per cent of total sales), export incentives which contributed Rs 165.80 crore to sales value (1.30 per cent of total sales), rental income which contributed Rs 65.50 crore to sales value (0.51 per cent of total sales) and commission which contributed Rs 23.30 crore to sales value (0.18 per cent of total sales) for the year ending 30 September, 2018.


For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 3,128.10 crore, down 10.36 per cent from last quarter sales of Rs 3,489.80 crore and up 4.74 per cent from last year same quarter sales of Rs 2986.40 crore. The company has reported a net profit after tax of Rs 250.10 crore in latest quarter. The company’s top management includes Cedrik Neike, Christian Rummel, Darius C Shroff, Deepak S Parekh, Joe Kaeser, Johannes Apitzsch, Keki B Dadiseth, Mehernosh B Kapadia, Sunil Mathur, Yezdi H Malegam, Anjali Bansal and Mariel von Schumann. The company has SRBC & Co LLP as its auditor. As on 30-06-2019, the company has a total of 356,120,255 shares outstanding.