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Schneider Electric Infrastructure Limited.
NSE: SCHNEIDERIndustrialsElectrical Equipment & Parts
- Last close
- ₹1,114.10
- Day change
- −₹36.60 (−3.18%)vs
- Market cap
- ₹27,832 crIndian rupees
- Research updated
- 1 report
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About Schneider Electric Infrastructure Limited.
Schneider Electric Infrastructure Limited is a company engaged in manufacturing, designing, building, and servicing technologically advanced products and systems for electricity networks. Its product portfolio includes transformers, power transformers, switchgears such as primary and secondary switchgears, medium voltage switchgear, protection relays including differential relays, electricity distribution management systems, software suites for self-healing smart grids, e-Houses, and smart cities applications. The company operates within the heavy electrical equipment industry, focusing on capital goods and electric equipment sectors. It provides solutions critical for power generation, distribution, and infrastructure development, supporting reliable and efficient energy management. Schneider Electric Infrastructure Limited plays a key role in the power sector by delivering specialized equipment and systems that enhance grid stability and enable modern electrical infrastructure projects. Incorporated in 2011 and headquartered in India, it serves domestic markets with an emphasis on innovative technologies for electricity networks.
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Listing
- NSE: SCHNEIDER
- Chief executive
- Mr. Udai Singh
- Employees
- 1,447
- Headquarters
- Gurugram, India
- ISIN
- INE839M01018
- Website
- infra-in.se.com
Public research · Report of
Business model & financial foundation
Schneider Electric Infrastructure (NSE: SCHNEIDER), Electricity distribution equipment and systems: revenue of ₹2,891 crore in FY26 (+9.6% on FY25), an EBITDA margin of 12.8%, net profit of ₹212.6 crore and net debt of ₹190.4 crore.
- Revenue, FY26 (₹ crore)
- 2,891
- standalone
- Revenue growth, FY26
- +9.6%
- on FY25
- EBITDA margin, FY26
- 12.8%
- EBITDA (revenue less cogs, employee, other expenses) / revenue
- Net profit, FY26 (₹ crore)
- 212.6
- to owners
- Return on equity, FY26
- 31.8%
- on average equity
- Net debt, FY26 (₹ crore)
- 190.4
- Net debt including lease liabilities
- Market capitalisation (₹ crore)
- 28,659
- at the close of 15 Oct 2026
Company profile
| Item | Value |
|---|---|
| Legal name | Schneider Electric Infrastructure Limited |
| Exchange and ticker | NSE: SCHNEIDER; BSE: 534139 |
| ISIN | INE839M01018 |
| CIN | L31900GJ2011PLC064420 |
| Sector | Industrials |
| Industry | Electricity distribution equipment and systems |
| Headquarters | Gurugram, India |
| Fiscal year end | March |
| Reporting basis and unit | standalone, in ₹ crore |
| Auditor | S N Dhawan & Co LLP (since 2020) |
| Market capitalisation | ₹28,659 crore (15 Oct 2026) |
| Shares outstanding | 23.91 crore shares (FY26) |
| Price | ₹1,196 (close, 15 Oct 2026) |
| 52-week range | ₹571.8 - ₹1,548 (to 15 Oct 2026) |
| Website | https://infra-in.se.com/ |
Corporate structure and shareholding
Parent: Energy Grid Automation Transformers and Switchgears India Private Limited.
No subsidiary is recorded.
Ultimate parent Schneider Electric SE. Promoter group owns 75%; listed company is not the entire Indian Schneider business.
| Shareholding (% of shares) | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 |
|---|---|---|---|---|
| Promoter | 75.00% | 75.00% | 75.00% | 75.00% |
| Promoter holding pledged | 0.00% | 0.00% | 0.00% | |
| Foreign institutions | 3.02% | 3.18% | 3.42% | 3.42% |
| Domestic institutions | 3.29% | 4.07% | 4.67% | 4.80% |
| of which mutual funds | 2.58% | 3.28% | 3.80% | 3.83% |
| Retail | 18.70% | 17.74% | 16.91% | 16.78% |
The promoter holding pledged is a share of the promoter's own holding.
Business model
SEIL designs, makes and services electricity-distribution equipment: distribution and medium-power transformers, medium-voltage switchgear, ring main units, vacuum interrupters, breakers, relays and grid automation. Its customers are utilities, industry, renewables, transport and data centres. It reports standalone, with one reportable segment ("products and systems for electricity distribution") and no subsidiaries.
The mix in H1 FY26 was Systems 65%, Transactional 20% and Services 15%. Exports are about 10-12% of sales.
- It supplies technology, brand and channels.
- It takes trademark, data-management and management-support fees of 118.2 cr, plus 90.3 cr of shared services, in FY26.
- It is about 19% of sales and about 18% of purchases (goods sales 512.7 cr, goods purchases 522.1 cr).
- Schneider also owns Lauritz Knudsen and Schneider Electric India, which overlap with SEIL in MV.
Pricing power is limited on fixed-price tenders. Only 20-25% of contracts carry price-variation clauses.
| Peer | Why the dossier compares them |
|---|---|
| ABB India (ABB) | Electrification and automation; larger, diversified MNC equipment business |
| Siemens (SIEMENS) | Industrial electrification; mixed automation portfolio; calendar differs |
| Siemens Energy India (ENRIN) | Transmission equipment and grid investment; higher-voltage exposure |
| Hitachi Energy India (POWERINDIA) | Power transformers and transmission systems; HVDC mix differs |
| GE Vernova T&D India (GVT&D) | Transmission equipment; project mix and margins differ |
| CG Power and Industrial Solutions (CGPOWER) | Switchgear and transformers; industrial motors diversify earnings |
Financial databook
| Profit and loss (₹ crore) | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue from operations | 1,512 | 1,764 | 2,207 | 2,637 | 2,891 |
| Cost of revenue (vendor classification) * | 1,083 | 1,211 | 1,401 | 1,633 | 1,827 |
| Other operating costs (vendor classification) * | 130.0 | 148.9 | 210.1 | 307.3 | 350.6 |
| EBITDA (vendor classification) * | 92.4 | 170.8 | 317.2 | 396.6 | 389.3 |
| EBIT * | 73.6 | 174.1 | 276.0 | 397.5 | 340.0 |
| Finance costs | 46.0 | 50.5 | 68.9 | 49.3 | 50.8 |
| Profit before tax | 27.6 | 123.6 | 210.0 | 350.4 | 291.6 |
| Total tax expense | 0.00 | 0.00 | 38.0 | 82.5 | 79.0 |
| Profit for the year | 27.6 | 123.6 | 172.0 | 267.9 | 212.6 |
| Diluted EPS (INR) | 1.16 | 5.17 | 7.19 | 11.20 | 8.89 |
| Materials + stock-in-trade + inventory change | 1,398 | 1,631 | 1,824 | ||
| Employee benefits expense | 271.1 | 301.5 | 336.6 | ||
| Other expenses | 241.9 | 322.0 | 359.0 | ||
| EBITDA (revenue less cogs, employee, other expenses) | 295.8 | 382.8 | 370.8 | ||
| Other income | 9.30 | 24.6 | 18.0 | ||
| Depreciation and amortisation | 22.1 | 25.4 | 32.3 | ||
| Exceptional items (+ gain / - charge) | -4.12 | 17.7 | -14.2 | ||
| PAT attributable to owners (= pat) | 172.0 | 267.9 | 212.6 | ||
| Minority interest | 0.00 | 0.00 | 0.00 | ||
| Share of associates / JVs | 0.00 | 0.00 | 0.00 |
| Balance sheet (₹ crore) | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Total equity | 36.1 | 151.1 | 296.2 | 561.9 | 774.4 |
| Financial borrowings including preference liability | 505.9 | 376.4 | 413.3 | 427.8 | 443.8 |
| Unrestricted cash and cash equivalents | 36.1 | 19.6 | 47.3 | 258.4 | 357.9 |
| Trade receivables | 454.0 | 545.9 | 655.9 | 667.1 | 812.7 |
| Inventories | 225.8 | 297.4 | 296.8 | 338.9 | 420.7 |
| Total trade payables including MSME | 459.2 | 482.9 | 462.1 | 500.3 | 627.8 |
| Net PPE excluding ROU | 31.5 | 35.0 | 251.2 | 259.6 | 297.1 |
| Capital work in progress | 4.75 | 14.0 | 31.8 | 86.0 | 101.9 |
| Total assets | 1,170 | 1,356 | 1,582 | 1,933 | 2,344 |
| Net debt including lease liabilities | 443.6 | 263.1 | 190.4 | ||
| Non-current lease liabilities | 72.5 | 87.8 | 90.3 | ||
| Current lease liabilities | 5.18 | 6.00 | 14.2 | ||
| Total lease liabilities | 77.7 | 93.8 | 104.5 | ||
| Preference-share financing at amortised cost | 185.6 | 201.3 | |||
| Inter-corporate deposit at amortised cost | 242.2 | 242.4 | |||
| Bank balances other than cash equivalents | n.d. | n.d. | n.d. |
| Cash flow (₹ crore) | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Net cash from operating activities | 66.4 | -6.28 | 189.4 | 307.9 | 224.5 |
| Free cash flow (vendor definition) * | 94.8 | 49.9 | 134.0 | 244.8 | 120.2 |
| Cash capex including CWIP and capital advances (positive cost) | 58.0 | 63.1 | 104.3 | ||
| Free cash flow (CFO less positive cash capex) | 131.5 | 244.8 | 120.2 |
| Other reported lines (₹ crore) | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Actual equity shares outstanding (fixed) | 23.91 | 23.91 | 23.91 | 23.91 | 23.91 |
| Quarterly profit and loss (₹ crore) | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 599.7 | 857.2 | 586.9 | 621.6 | 650.1 | 1,029 | 589.7 | 651.4 |
| Cost of revenue (vendor classification) * | 396.7 | 664.2 | 378.6 | 420.8 | ||||
| Other operating costs (vendor classification) * | 91.1 | 110.3 | 76.7 | 97.0 | ||||
| EBITDA (vendor classification) * | 88.3 | 177.2 | 49.7 | 41.0 | ||||
| EBIT * | 81.2 | 144.2 | 50.3 | 32.1 | ||||
| Finance costs | 12.3 | 10.9 | 12.9 | 10.8 | 11.2 | 13.8 | 15.0 | 15.2 |
| Profit before tax | 64.5 | 147.4 | 73.1 | 55.9 | 70.0 | 130.4 | 35.3 | 17.0 |
| Total tax expense | 10.3 | 36.9 | 18.5 | 14.7 | 17.7 | 33.4 | 13.3 | 4.60 |
| Profit for the period | 54.3 | 110.5 | 54.6 | 41.2 | 52.3 | 97.0 | 22.0 | 12.4 |
| Diluted EPS (INR) | 2.27 | 4.62 | 2.28 | 1.72 | 2.19 | 4.06 | 0.92 | 0.52 |
| Materials + stock-in-trade + inventory change | 376.1 | 533.9 | 364.0 | 384.7 | 396.7 | 664.2 | 378.6 | 420.8 |
| Employee benefits expense | 70.6 | 77.1 | 76.2 | 86.7 | 78.5 | 82.1 | 89.3 | 99.5 |
| Other expenses | 78.8 | 106.1 | 60.0 | 80.9 | 91.1 | 110.3 | 76.7 | 97.0 |
| EBITDA (revenue less cogs, employee, other expenses) | 74.2 | 140.2 | 86.7 | 69.3 | 83.8 | 172.6 | 45.1 | 34.1 |
| Other income | 8.93 | 7.33 | 5.71 | 4.30 | 4.44 | 4.57 | 4.67 | 6.90 |
| Depreciation and amortisation | 6.33 | 6.81 | 6.35 | 6.97 | 7.05 | 8.40 | 9.85 | 8.80 |
| Exceptional items (+ gain / - charge) | 0.00 | 17.7 | 0.00 | 0.00 | 0.00 | -24.6 | 10.4 | 0.00 |
| PAT attributable to owners (= pat, no minorities) | 54.3 | 110.5 | 54.6 | 41.2 | 52.3 | 97.0 | 22.0 | 12.4 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Share of associates / JVs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Standalone, as reported. Lines marked * are the market-data provider's figures; the rest are extracted from the company's filings or derived from them. n.d. not disclosed, n.r. not retrieved, n.a. not applicable.
Metrics dashboard
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue growth | 17.6% | 16.7% | 25.1% | 19.5% | 9.6% |
| EBITDA margin | 13.4% | 14.5% | 12.8% | ||
| Net margin | 7.8% | 10.2% | 7.4% | ||
| Return on equity | 76.9% | 62.4% | 31.8% | ||
| Return on capital employed | 13.5% | 32.6% | 44.6% | 46.8% | 30.8% |
| Return on assets | 11.7% | 15.2% | 9.9% | ||
| Net debt (₹ crore) | 443.6 | 263.1 | 190.4 | ||
| Net debt / EBITDA | 1.50x | 0.69x | 0.51x | ||
| Interest cover | 1.60x | 3.45x | 4.01x | 8.07x | 6.70x |
| Asset turnover | 1.30x | 1.40x | 1.50x | 1.50x | 1.35x |
| Receivable days | 110 | 113 | 108 | 92 | 103 |
| Inventory days (on revenue) | 54 | 62 | 49 | 47 | 53 |
| Payable days (on revenue) | 111 | 100 | 76 | 69 | 79 |
| Cash conversion | 1.10x | 1.15x | 1.06x | ||
| Capex intensity | 2.6% | 2.4% | 3.6% | ||
| Free cash flow (₹ crore) | 131.5 | 244.8 | 120.2 | ||
| EPS, diluted (₹) | 1.16 | 5.17 | 7.19 | 11.20 | 8.89 |
| Book value per share (₹) | 1.51 | 6.32 | 12.39 | 23.50 | 32.39 |
Computed from the statements above:
- Revenue growth: revenue over the previous year's, less one.
- EBITDA margin: EBITDA (revenue less cogs, employee, other expenses) / revenue.
- Net margin: net profit to owners / revenue.
- Return on equity: net profit to owners / average equity.
- Return on capital employed: EBIT / average equity plus borrowings.
- Return on assets: net profit to owners / average total assets.
- Net debt (₹ crore): Net debt including lease liabilities; negative is net cash.
- Net debt / EBITDA: net debt / EBITDA (revenue less cogs, employee, other expenses).
- Interest cover: EBIT / finance cost.
- Asset turnover: revenue / average total assets.
- Receivable days: receivables / revenue x 365.
- Inventory days (on revenue): inventory / revenue x 365.
- Payable days (on revenue): payables / revenue x 365.
- Cash conversion: cash from operations / net profit to owners.
- Capex intensity: capital expenditure / revenue.
- Free cash flow (₹ crore): cash from operations less capital expenditure.
- EPS, diluted (₹): as reported (Diluted EPS (INR)).
- Book value per share (₹): equity / shares outstanding.
Source: the company's filings and disclosures as extracted into Mool's company dossier (version 1, information to 15 Oct 2026); market data at the close of 15 Oct 2026. Every figure is read from the dossier's files or computed from them; the account of the business model is the analyst's, from the dossier's workings.
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What the full research on Schneider Electric Infrastructure Limited. includes
Every piece of Mool’s research is built the same way: a researched evidence base, analyses that build on each other, a research model and a report with the call. This page shows the first analysis.
The report and Mool’s call
- The 12-month rating and target
- The 3-month view
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- The claims the view rests on, and what would change it
The analyses, among them
- Business model & financial foundationOn this pageWhat the company does and how it makes money, its structure, five years of financials and the metrics that matter for it.
- Future earnings & financial modelForecasts built from the drivers that move the business, by scenario, beside the street's.
- Fundamental valuation & 12-month thesisWhat the business is worth on several methods, what the market already prices in and the 12-month thesis that follows.
The research model
The model behind the report: the company’s history, the drivers that move it, its forecasts by scenario and the valuation the 12-month target comes from.
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Report history
Reports on Schneider Electric Infrastructure Limited.
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