Siemens would acquire Indian operations of C&S Electric's low voltage switchgear components and panels, low and medium voltage power bus bars and protection & metering devices while the balance business of medium voltage switchgear and package substation, lighting, diesel genset, EPC and Etacom bus bar business would be retained by owners.
Over FY17-19, Siemens posted 11% revenue growth, while earnings went up by 27% CAGR. The company is well placed to accelerated growth led by revenues, and margin improvement in next couple of years (projected 21% earnings CAGR over FY19-21, ending September). Stock is trading at attractive valuation of 34x FY21 earnings.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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