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Schneider Electric Infrastructure Ltd
NSE: SCHNEIDER BSE: 534139 INE839M01018 Industrials Electrical Equipment 🔎 Screen
NIFTY 500 Smallcap 250
₹29,781 Cr
Market Cap
140.0
P/E
7.08
PEG
29.6%
ROCE
35.6%
ROE
0.71
D/E
12.7%
OPM
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📈 Price History
Ratio Health
Excellent
Good
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About

Schneider Electric Infrastructure Limited, incorporated in 2011, is engaged in the business of manufacturing, designing, building and servicing technologically advanced products and systems for the electricity network.

✓ Strengths 2
  • Company has delivered good profit growth of 80.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 58.9%
! Concerns 2
  • Stock is trading at 34.3 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
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Mixed quarter: sales flat (+0.5% YoY) but profitability collapsed as EBITDA margin halved to 8.4% from 15.7% due to commodity cost pressure, weak operating leverage and one-off charges. quarter Investor Presentation One-Pager? Mar 2026
Revenue
₹590 Cr
+0.5% YoY; full year ₹2,891 Cr (+9.6%)
EBITDA Margin
8.4%
Down 730 bps YoY from 15.7%; full year 13.4% vs 15.4%
PAT
₹22 Cr
Down 59.8% YoY (₹55 Cr); full year ₹213 Cr vs ₹268 Cr (-20.7%)
Order Intake
₹772 Cr
+1.4% YoY; full year ₹3,430 Cr (+27.4%); backlog ₹1,911 Cr (+50.1%)
What Went Right
  • Full-year order intake surged 27.4% to ₹3,430 Cr, driving closing backlog to ₹1,911 Cr (+50.1% YoY)
  • Won largest-ever GIS order from a smart city infrastructure project and a major metro GIS order, plus breakthrough data center transformer order
  • Continued penetration of digital solutions – relays, EcoStruxure ADMS, BESS – in renewable, semiconductor and utility segments
  • Full-year revenue grew 9.6% to ₹2,891 Cr with improving services mix
What to Watch
  • Q4 revenue growth of only 0.5% YoY (₹590 Cr) despite strong backlog, hit by delivery deferrals and external execution headwinds
  • Q4 EBITDA margin collapsed to 8.4% from 15.7% YoY – material margin fell 240 bps to 36.6%, and employee/other expenses rose sharply
  • Full-year PAT dropped 20.7% to ₹213 Cr, with a ₹14.2 Cr exceptional gratuity charge and revenue mix pressure
  • Q4 PAT at ₹22 Cr was the lowest in recent quarters – down 59.8% YoY – reflecting anemic operating leverage and cost inflation
  • Full-year EBITDA margin slipped 200 bps to 13.4% despite higher volumes, indicating structural cost headwinds
Investor Lens
The thesis of strong order momentum in India's electrification cycle remains intact – full-year orders grew 27% and backlog is at a record high. However, Q4 margin collapse raises serious concerns about execution quality and cost control. Material margin weakened 2.4ppts despite revenue growth, while employee and other expenses rose faster than sales. The company attributed the weakness to commodity volatility, order mix and lower operating leverage, but the 59% PAT drop is alarming. Management has not provided explicit numeric guidance. Next quarter's key watchpoints: conversion of the robust backlog into revenue acceleration, margin recovery (especially material margin), and any commentary on commodity hedging or pricing actions. If margins do not revert toward 12-13%+ EBITDA, the stock’s premium valuation may come under pressure.
From investor presentation · AI-generated analysis · Not investment advice
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📉 WEAK Net profit down 60% YoY; margins compress to 8%.
Revenue
Revenue was ₹590 Cr, flat YoY (+0.5%) but plunged 42.7% sequentially, indicating a sharp slowdown in business activity from the prior quarter.
Profitability
Net profit fell 60% YoY to ₹22 Cr, with EPS dropping to ₹0.92 from ₹2.28. Higher other income of ₹15 Cr partially cushioned the impact, but operating weakness weighed heavily.
Margins
Operating profit margin nearly halved to 8% from 15% a year ago and from 17% last quarter, reflecting cost pressures or lower-margin product mix.
Balance Sheet
Borrowings stood at ₹548 Cr against reserves of ₹727 Cr, resulting in a D/E ratio of 0.8. Return on equity is high at 74%, but this is partly due to a relatively small equity base.
Key Risks
Sharp sequential revenue decline suggests demand volatility. Sustained margin compression could further hurt profitability. The high PE (125x) leaves little room for earnings disappointments.
Outlook
With revenue and profits declining both YoY and QoQ, near-term momentum appears weak. Recovery depends on demand revival and margin improvement in coming quarters.
Generated by AI · Mar 2026 results · Not investment advice
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