MOFSL eyes ₹3,000 target with 60× P/E analysts bullish on peers

The big day is here: Siemens Energy listing today, as the company prepares to debut on both the BSE and NSE on Thursday, July 19. Investors are keenly watching, with brokerages like MOFSL, HDFC Securities, and Jefferies weighing in on its valuation, peer comparisons, and future growth potential.

MOFSL Sets ₹3,000 Target—What It Means

Motilal Oswal Financial Services (MOFSL) has given the company a forward P/E multiple of 60×, reaching their September 2027 target of ₹3,000 per share. To arrive at this figure, they benchmarked Siemens Energy against global peers:

• Hitachi Energy trades at ~74× P/E

• GE Vernova T&D trades around 58× P/E

MOFSL cites Siemens Energy India’s “superior margin profile” and its positioning to win high-voltage contracts—similar to Hitachi—as a strong foundation .

Jefferies: A $10B+ Public T&D Powerhouse

Jefferies paints a grand vision: Siemens Energy India could emerge as the largest listed pure-play power transmission & distribution (T&D) firm in India, with initial market cap touching $10 billion+. This would edge it ahead of Hitachi ($6.8 billion) and GE Vernova ($9.6 billion). The buzz centers on its rare capabilities in high-voltage segment (up to 765 kV), and potential windfall from domestic infrastructure investments .

HVDC Edge & Infrastructure Momentum

MOFSL notes that while Siemens has been cautious in HVDC bidding historically, the current project pipeline and strong technology credentials set the stage for greater participation. Additionally, the push to strengthen Intra‑State Transmission System (ISTS) is expected to drive ₹12,000 crore worth of investment into the sector . That’s a powerful catalyst for Siemens.

HDFC Securities: Diversified Strength & Strong Order Book

HDFC Securities highlights the company’s broad portfolio:

• Decarbonisation

• Power generation & evacuation

• Grid automation

• EPC services

• Clean energy solutions (green hydrogen, battery storage)

With outstanding orders worth ₹15,000 crore—equivalent to 2.1× FY25 estimated revenues—and projections for 30% CAGR in PAT between FY25–FY27, the outlook is solid. Their BUY rating and ₹3,000 per-share target (using a 60× P/E multiple on Sep ’27 EPS) align with MOFSL’s valuation for Hitachi Energy .

Siemens India (Ex-Energy): Rail & Diversified Tech

Jefferies also set a ₹3,700 target for Siemens India excluding Energy. That’s based on a 55× P/E for March 2027, reflecting strong outlook in railways and synergy across its tech portfolio. They also recommend a 60× multiple for the energy arm, implying a ₹3,350 valuation—a ~9% premium compared to the rest of Siemens India’s business .

Valuation at a Glance

Peer Watch: Hitachi & GE Vernova

• Hitachi Energy currently trades at ~74× P/E, backed by large high-voltage contracts

• GE Vernova T&D sits around 58×

Why This Listing Matters

1. Pure-Play Investment Thrill
   Earlier, Siemens Energy was bundled under Siemens India. This listing gives investors focused pure-play exposure to the booming T&D sector.

2. Strategic Timing
   With massive spending on HVDC and ISTS, the company is well-positioned for the next wave of energy infrastructure build-outs.

3. Superior Earnings Power
   Analysts praise Siemens Energy’s margin profile and diversified product mix—including decarbonisation and automated grid services—as key differentiators.

My Take: A Convincing Story with Quantified Potential

The consensus is clear: Siemens Energy listing today is a compelling opportunity. The ₹3,000–₹3,350 range seems reasonable given peer multiples, growth potential, and infrastructure tailwinds. As clean energy transition accelerates, strong order backlog and HVDC capabilities make it a standout bet. This debut not only fills a unique niche in India’s public markets—it also gives investors a way to ride the energy transformation wave.

Summary & Takeaway

• Listing Day: July 19 (BSE & NSE)

• Valuation Scores: 60× forward P/E → ₹3,000 (MOFSL/HDFC), ₹3,350 (Jefferies Energy)

• Peer Comparison: Hitachi (74×), GE Vernova (58×)

• Growth Drivers: HVDC/global T&D dominance, green energy rollout, strong order book

• Analysts’ Rating: BUY across the board—definitely one to watch

 Final Thoughts

With institutional analysts aligning their outlook and clear infrastructure forecasts underpinning the thesis, the Siemens Energy listing today offers both strategic and financial intrigue. Whether you’re a long-term growth investor or tracking India’s energy infrastructure revolution, mark July 19 on your calendar—it could be a significant investment milestone.

Note: This article retains the core data and targets from original sources, while delivering a more engaging, conversational narrative for SEO effectiveness.

My Opinion: I believe the ₹3,000–₹3,350 target range is justified and appealing. With domestic infrastructure momentum and global tech support, Siemens Energy India holds strong upside potential. If you’re bullish on India’s energy transition, this is one listing worth serious attention.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.