Siemens Energy India shares have delivered nearly 25% returns in 2026 so far, demonstrating strong investor confidence in the company's growth prospects. According to Goodreturns, the stock was trading 2% higher at ₹3,182.5 per share on BSE with a market capitalisation of ₹1,13,337.13 crore as of Thursday's session. The stock touched an intraday high of ₹3,213 per share and an intraday low of ₹3,119.3 per share, showing resilience despite volatile market conditions. The stock has also delivered 2.32% returns in one week and around 2.55% returns in one month, indicating sustained momentum.
Motilal Oswal has maintained its Buy rating on Siemens Energy India Ltd. with a revised target price of ₹4,000, down from the previous ₹4,100 target. According to the brokerage's latest research report dated September 02, 2026, this implies a potential upside of 28% from the stock's current market price of ₹3,119. The revision reflects a 5% reduction in FY27 estimates and 2% cut in FY28 estimates to align with the capacity commissioning schedule of new facilities. The revised target price of ₹4,000 is based on 55 times September 2028E earnings, as reported by Motilal Oswal.
The company maintains a robust order backlog of ₹13,500 crore with upcoming order inflows expected from STATCOM, transmission, data centers and exports. As reported by Motilal Oswal, this provides strong visibility on revenue growth prospects. The brokerage expects revenue/EBITDA/PAT CAGR of 25%/31%/33% over FY25-28E, driven by strong growth across power transmission (35% CAGR) and power generation (10% CAGR). The gradual increase in order pipeline in the transmission sector and long-term demand from grid strengthening, grid flexibilisation and data center is likely to benefit the company in long run.
According to Motilal Oswal's recent interaction with Siemens Energy, ordering is gradually ramping up in the transmission sector with long-term demand from grid strengthening, grid flexibilisation and data center remaining strong. The demand-supply situation remains favorable in the transmission segment, implying margin sustainability for the company. Additionally, the company is witnessing healthy export demand for transformers, switchgears for power transmission segment and services for power generation segment. The brokerage noted that the demand-supply situation is still favorable in transmission segment, implying margin sustainability for the company.
The stock has touched its 52-week high mark of ₹3,966.80 per share on May 29, 2026, indicating strong technical momentum. The recent rally in Siemens Energy India has come after the stock has delivered nearly 25% return in 2026 so far, even when the Indian stock market remained volatile amid geopolitical uncertainty. The company's strong fundamentals, robust order backlog, and healthy export demand across multiple segments position it well for continued growth in the power transmission and generation sectors.
