The board of Siemens has informed us that it has recommended issue of bonus shares in the ratio of 1:1. The board also recommended a dividend of Rs 4.80 per equity share for the financial year ended 30 September 2007. The board also approved the proposal for the merger of Siemens Industrial Turbomachinery Services (SITS), Bangalore with the company.
The company’s net sales rose 46.7% to Rs 2188.46 crore in Q4 September 2007 over Q4 September 2006. The current price of Rs 2200 discounts Q4 September 2007 annualized EPS of Rs 73.22 by a PE multiple of 30.04.