NSE: SCHNEIDER · BSE: 534139
SCHNEIDER ELECTRIC INFRA
Manufactures medium voltage electrical equipment in India, primarily MV Vacuum Interrupters — components used in switchgear for power distribution networks. Operations are anchored at the KMVC plant in Kolkata, where vacuum interrupter capacity is being raised to 250,000 units per year and a new Mechanism Assembly Line is being added, with both projects targeted for completion by June 2028. The board has approved combined capex of ₹291.2 crore for the KMVC facility (raised from ₹228.6 crore), funded via internal accruals or borrowings. As the listed Indian arm of the Schneider Electric Group, the entity has disclosed material related party transactions with Schneider Electric IT Business India Private Limited, approved by shareholders via postal ballot. Materials account for 61.1% of revenue and employee costs 11.6%, with FY26 revenue of ₹2,890.63 crore and an EBITDA margin of 12.96%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Medium Voltage Switchgear Components. Capital goods manufacturer of medium voltage electrical components, part of the Schneider Electric Group
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,530 | 1,777 | 2,207 | 2,637 | 2,891 |
| EBITDA (ex other income) | 83 | 183 | 292 | 400 | 357 |
| margin % | 5.5 | 10.3 | 13.2 | 15.2 | 12.3 |
| Owners' profit | 28 | 124 | 172 | 268 | 213 |
| EPS, as reported (₹) | 0.00 | 5.17 | 7.19 | 11.20 | 8.89 |
| ROE % · ROCE % | 76.5 · 16.6 | 81.8 · 30.2 | 58.1 · 33.3 | 47.7 · 35.5 | 27.4 · 24.9 |
| Debt / equity (x) | 13.80 | 3.09 | 1.58 | 0.93 | 0.57 |
| Cash from operations | 120 | 95 | 192 | 308 | 225 |
| Capex | (26) | (38) | (58) | (63) | (104) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 600 | 857 | 587 | 622 | 650 | 1,029 | 590 | 651 |
| Profit before tax | 65 | 147 | 73 | 56 | 70 | 130 | 35 | 17 |
| Net profit | 54 | 111 | 55 | 41 | 52 | 97 | 22 | 12 |
| EPS (₹) | 2.27 | 4.62 | 2.28 | 1.72 | 2.19 | 4.06 | 0.92 | 0.52 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BHEL | 1,41,563 | 58.2 | 5.41 | 47.1 | 6.1 | 4.7 | 14.3 | 9.3 |
| ABB INDIA LIMITED | 1,37,523 | 46.0 | 14.72 | — | 23.0 | 10.2 | — | 15.2 |
| CG POWER AND IND SOL LTD | 1,31,087 | 85.8 | 15.99 | 71.3 | 14.6 | 19.2 | 33.2 | 14.7 |
| HITACHI ENERGY INDIA LTD | 1,26,820 | 110.2 | 24.50 | — | 19.1 | 24.7 | — | 16.9 |
| SIEMENS LTD | 1,20,079 | 36.7 | 8.67 | 33.8 | 19.9 | 20.6 | 31.1 | 11.6 |
| GE VERNOVA T&D INDIA LTD | 1,04,269 | 79.9 | 38.76 | — | 45.8 | 57.9 | — | 27.4 |
| SIEMENS ENERGY INDIA LTD | 1,01,282 | 68.1 | 21.05 | — | 14.3 | 15.8 | — | 25.9 |
| SUZLON ENERGY LIMITED | 51,299 | 16.4 | 5.42 | 15.9 | 33.4 | 22.7 | 38.0 | 16.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 149.0 | 36.5 | 33 of 34 | 3% |
| P/B | 35.4 | 5.4 | 32 of 33 | 3% |
| ROCE | 21.2 | 16.6 | 13 of 36 | 66% |
| ROE | 27.4 | 14.7 | 7 of 34 | 82% |
| Debt / Equity | 0.6 | 0.1 | 29 of 34 | 15% |
| EBITDA margin | 6.3 | 16.4 | 30 of 35 | 15% |
| Revenue growth | 4.8 | 17.7 | 24 of 33 | 28% |
| Profit growth | (69.8) | 6.7 | 31 of 32 | 3% |
| Market cap | 27389 | 6267 | 10 of 35 | 74% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 18 Oct 2026 · GST appeal rejected; Rs 10.08 lakh liability plus interest upheld | regulatory legal | high | — | — |
| 8 Oct 2026 · Quarterly RTA certificate under SEBI Regulation 74(5) for Sep 2026 | compliance | minimal | — | — |
| 6 Oct 2026 · Newspaper notice on special window for physical share transfer re-lodgement | compliance | minimal | — | — |
| 1 Oct 2026 · Clarification: News item on digital energy grid not related to SEIL | strategic transactions | medium | — | — |
| 1 Oct 2026 · NSE seeks clarification on NFH digital energy grid partnership news report | compliance | medium | — | — |
| 28 Sept 2026 · Loses appeal against Rs 3.25 crore CGST tax demand; evaluating legal remedy | regulatory legal | medium | — | — |
| 24 Sept 2026 · Trading window closure from Oct 1, 2026 for Q2 results | compliance | minimal | — | — |
| 22 Sept 2026 · Clarification on voluntary ESG rating disclosure by CRISIL | credit debt | medium | — | — |
| 21 Sept 2026 · Schneider Electric Infra gets ESG score of 70 from CRISIL | business updates | medium | — | — |
| 11 Sept 2026 · Schneider Electric Infra 16th AGM: All 6 resolutions approved | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.