Siemens Energy Listing on June 19: Poised to Become India’s Largest Power T&D Company, Says Jefferies

Siemens Energy Listing on June 19: Poised to Become India’s Largest Power T&D Company, Says Jefferies

Siemens Energy, the demerged entity from Siemens India, is set to make its debut on the Indian stock exchanges on June 19, 2025. Global investment firm Jefferies believes that this move positions Siemens Energy as India’s largest listed pure-play power transmission and distribution (T&D) company, with a market capitalization expected to exceed $10 billion.

With a bullish outlook on India’s energy infrastructure, Jefferies maintains a ‘Buy’ rating on the stock and projects strong long-term growth driven by robust sector tailwinds and operational expansion.

Siemens Energy Share Listing: Expected Price Range

Jefferies estimates the Siemens Energy listing price to range between ?2,995 and ?3,711 per equity share. Following the April 2025 demerger, Siemens India’s post-demerger price opened at ?2,450, which implied a valuation of around ?2,478 per share for Siemens Energy.

Key Highlights of Jefferies’ Outlook on Siemens Energy

Estimated CAGR: 40% earnings per share (EPS) growth between FY24 and FY27
Target Price: ?3,350 per share, with a 60x PE ratio for March 2027
Sector Position: Poised to become India’s largest T&D equipment provider, ahead of Hitachi and GE Vernova
Order Flow: ?5,100 crore orders in first five months of FY25; ?15,100 crore order book as of March 2025
Capacity Expansion: ?460 crore capex to double power transformer production
Operating Leverage: Current T&D margins reflect <60% utilization, suggesting upside potential

Power Sector Momentum Favors Siemens Energy

The broader Indian infrastructure sector may moderate to 11% capex CAGR during FY24–27 (from 22% in FY21–24), but power transmission remains a high-growth sub-sector. Jefferies projects a 21% CAGR for the power segment, supported by policy-led investment momentum.

The ?1.5 lakh crore worth of transmission bids awarded in FY25, a massive increase from ?39,500 crore in FY24, reflects strong government commitment to the energy transition. Siemens Energy, as a specialized player, is positioned to benefit significantly from this shift.

Order Book Strength and Margin Outlook

Siemens Energy's Rs 15,100 crore order backlog stands at 2.4x of its FY24 revenue, indicating visibility for future earnings. With a current plant utilization of less than 60%, the company has ample operating leverage to improve profitability as volumes ramp up.

Compared to peers like Hitachi Energy (66x PE) and GE Vernova (54x PE), Siemens Energy is competitively placed. Jefferies suggests a 60x PE for March 2027 valuation is achievable, reflecting investor confidence and growth potential.

Jefferies’ Target and Investment Advice

Jefferies maintains a ‘Buy’ recommendation on Siemens Energy and Siemens India, citing:

Strong T&D and railway order visibility
Capex-driven expansion across sectors
Strategic benefit from the Siemens Energy demerger
Pricing and valuation re-rating potential

Siemens Energy vs. Competitors: Market Capitalization Outlook

Company	Market Cap (USD Billion)
Siemens Energy (Est.)	$10+
Hitachi Energy	$6.8–9.6
GE Vernova	~$7.5

SEO Keywords to Target

Siemens Energy listing date
Siemens Energy share price target
Siemens Energy IPO price
Siemens Energy Jefferies report
Siemens Energy T&D growth
Siemens Energy vs Hitachi vs GE
Power sector stocks India 2025
Siemens India demerger news

Conclusion

The June 19 listing of Siemens Energy marks a significant milestone in India's energy and infrastructure landscape. With a strong order book, expanding capacity, and a dominant position in the transmission and distribution sector, Siemens Energy is well-placed for long-term value creation. Investors and market watchers will be closely tracking its debut and post-listing performance, especially amid positive commentary from analysts like Jefferies.

Stay updated with more business and market developments at Global Family.