 "The Siemens logo is seen on a building in Siemensstadt in Berlin, Germany")
Record order inflows, improving business outlook and prospects of margin expansion led to earnings upgrades for capital goods major, Siemens. The positive outlook on the stock follows management commentary on growth opportunities in an analyst meet last week. Given the outlook, the stock was in the green amid weak market conditions on Monday.
A key takeaway was the all-time high order book at Rs 17,170 crore at the end of Q2FY22 (financial year ends in September) and this was up 61.4 per cent y-o-y. The order book is 1.3 times the company’s trailing twelve months revenues and offers revenue visibility.
