Siemens Power might even see as much as $180 million in outflows after MSCI exit
International index supplier MSCI will delete Siemens Power India from its International Customary Index (Massive Cap section), efficient post-market shut on June 20. The exit, Nuvama notes, might set off “estimated passive outflow within the vary of USD 170–180 million,” though the brokerage added {that a} extra correct estimate can be accessible as soon as the inventory begins buying and selling.
“If inventory trades at decrease circuit then implementation will get postponed,” Nuvama had stated.
Siemens Power India started buying and selling on Thursday, June 19, after being spun off from Siemens Ltd earlier this yr. The inventory was listed at Rs 2,850 and rapidly hit the 5% higher circuit at Rs 2,992.45 on the BSE, bolstered by investor optimism across the firm’s position in India’s increasing energy transmission and distribution (T&D) sector.
The shares are presently a part of the ‘T’ Group—which means they are going to be settled on a trade-for-trade foundation for the primary ten buying and selling periods, limiting intraday hypothesis.
Restricted home index impression
Whereas MSCI exclusion is anticipated to result in sizable passive outflows, Siemens Power’s elimination from home indices such because the NSE and BSE early subsequent week is more likely to be extra muted. “The outflows listed below are anticipated to be minimal as a result of its negligible weight and passive monitoring will likely be decrease,” Nuvama stated, including that extra readability would comply with the primary day of commerce. The brokerage can be monitoring how FTSE will reply post-listing.
Sturdy debut, bullish forecasts
Regardless of the chance of outflows, brokerages stay bullish on Siemens Power’s long-term prospects.
Jefferies estimates practically 30% upside potential with a goal worth of Rs 3,700, calling it “India’s largest listed pure-play energy T&D tools participant at $10 billion+ market cap.” The brokerage forecasts a 40% EPS CAGR over FY24-27E, citing a powerful T&D pipeline and working leverage.
Motilal Oswal resumed protection with a goal of Rs 3,000 and a “Purchase” score, projecting a 25%/31% CAGR in income and PAT over FY25-27 and an EBITDA margin growth to 21.4% by FY27. “Margins have already began increasing in 5MFY25,” the brokerage famous.
HDFC Securities echoed the optimistic outlook, citing Siemens Power’s diversified choices in energy technology, inexperienced hydrogen, and grid automation, in addition to unique rights in South Asia. It sees a 30% PAT CAGR supported by strong money flows and progressive applied sciences.
Background and enterprise profile
Siemens Power India was demerged from Siemens Ltd in April 2025. The newly listed firm focuses on transmission, distribution, and small- to mid-sized generators. Its choices vary from 250 MW industrial generators to 800 MW utility-scale mills, and consists of energy transformers as much as 765 kV and EPC companies.
The agency is anticipated to profit from India’s deliberate Rs 3 trillion transmission investments by means of FY30, particularly in high-voltage (400 kV and 765 kV) segments. Capex plans embrace Rs 4.6 billion for doubling transformer capability, Rs 3.3 billion for GIS items in Goa, and Rs 0.6 billion for vacuum interrupters—a few of which can cater to export markets.
Additionally learn | Siemens Power shares zoom 5%, hit higher circuit submit itemizing. Brokerages challenge 30% upside
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